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Sub Orbital Transportation and Space Tourism Market Analysis, Growth, and Forecast to 2031
Sub Orbital Transportation and Space Tourism Market Analysis, Growth, and Forecast to 2031
The sub-orbital transportation and space tourism market has been segmented based on various flight vehicle types, including sub-orbital reusable vehicle, high-altitude balloon, and parabolic aircraft.

Space transportation has garnered significant interest from several space industry players in the past few years. In the past, most space transportation has been focused on cargo supply missions to the International Space Station (ISS) and launch services, but currently, this focus has shifted to in-space transportation, planetary explorations, crewed missions, sub-orbital transportation, and space tourism. Several companies, including SpaceX, Blue Origin, and Virgin Galactic, have been focusing on developing platforms such as rocket-powered sub-orbital vehicles that will enable the industry to carry out sub-orbital transportation and space tourism.

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Space transportation technologies are very complex, with some systems requiring long development cycles of up to a decade. Hence, the European Space Agency (ESA) is looking for long-term trends and potential advancements that cater to the future programs currently under preparation. The developments and operations of sub-orbital transportation service have to take into consideration the total infrastructure, which includes the vehicles, ground support systems, flight support systems, and an international regulatory environment, which outlines the processes and governs their developments and operations to ensure to meet the requirements of general public’s demands. Advancement in technologies is critical to further enable space transportation. Technologies such as reusable launch vehicle systems, on-orbit transportation and servicing technologies, and upcoming space stations and habitats have the potential to further next-gen space-based transportation.

The global sub-orbital transportation and space tourism market is witnessing numerous emerging players such as PD AeroSpace, LTD, Equatorial Space Systems, i-Space, OneSpace, Space Perspective, and Suborbitality s.r.o., which are all highly focused on developing sub-orbital transportation and space tourism platforms. These companies’ offerings include high-altitude balloons and reusable sub-orbital spacecraft. Along with these commercial companies, national space agencies such as the National Aeronautics and Space Administration (NASA) and European Space Agency (ESA) are also working along with these emerging commercial space entities.

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There are several factors that are contributing to the significant growth of the global sub-orbital transportation and space tourism market. Some of these factors include focused efforts to enable space transportation, emerging start-ups in sub-orbital transportation, and rise in development of low-cost launching sites. The global sub-orbital transportation and space tourism market has the potential to become a disruptive industry trend in the upcoming decades.

Sub-orbital spaceflight can be referred to as when a spacecraft reaches outer space, however its trajectory intersects the surface of the gravitating body from where it is launched, which is an altitude higher than XX km above sea level. There have been lots of researchers in the past who have worked on sub-orbital flights. Sub-orbital transportation not only includes using spacecraft for microgravity experiments, satellite deployments, or cargo delivery but also encompasses space tourism. Space tourism has been one of the focused areas in the space industry, particularly for commercial space entities.