The global sub-orbital transportation and space tourism market size reached USD 423.7 million in 2020 and is expected to register a revenue CAGR of 16.8%, during the forecast period, according to latest analysis by Emergen Research. Some of the major factors driving global sub-orbital transportation and space tourism market revenue growth include increased focus on space explorations and private initiatives to facilitate space transportation. Increasing focus on launching high-altitude balloons for space tourism, as well as astronomy among a number of enthusiasts is expected to propel revenue growth of the global sub-orbital transportation and space tourism market between 2021 and 2028.

High-altitude balloons sent into the stratosphere could achieve a nominal height of 30 kilometers and are often loaded with hydrogen and helium. Balloons are categorized depending on desired use such as research balloons and weather balloons. Research balloons are used for a wide range of purposes, including Earth observation, monitoring, and communications. Weather balloons are being used for forecasts, disaster alerts, and other related applications. Commercial applications of high-altitude balloons, include space exploration and astronomy, which is expected to boost market growth in the near future.

To receive a sample of the global Sub-orbital Transportation and Space Tourism market report, click here @ https://www.emergenresearch.com/request-sample/835

However, expensive nature of space tourism and sub-orbital transportation, as well as delays in flights may restrain market revenue growth to some extent during the forecast period.

The key industry participants include:

Near Space Corporation, Blue Origin, LLC, Exos Aerospace Systems Technologies, Inc., Aerostar International, Inc., Space Exploration Technologies Corp. (SpaceX), UP Aerospace, Inc., PD AeroSpace, LTD., Space Perspective Inc., Zero 2 Infinity SL, and Virgin Galactic Holdings Inc.

The global Sub-orbital Transportation and Space Tourism Market business vertical has been extensively categorized on the basis of product type, application gamut, end-user industries, and a competitive overview. The report inspects the current market scenario, its past performance, demand and supply ratios, production and consumption rates, sales, and numerous growth opportunities available in the market. It further estimates the prospective growth of the leading regional segments of the market, which is beneficial for readers to gain impactful insights into the Sub-orbital Transportation and Space Tourism business sector. A clear outline of the competitive landscape of the market is expected to help businesses involved in this sector decipher the optimal business moves to reach their desired business goals.

Emergen Research has segmented global sub-orbital transportation and space tourism on the basis of vehicle, application, end-use, and region:

Vehicle Outlook

High-Altitude Balloons

Sub-Orbital Reusable Vehicles

Parabolic Flights

Application Outlook (Revenue, USD Million; 2018–2028)

Space Tourism

Cargo Delivery

Satellite Deployment

Remote Sensing Earth Observation

Others

End-Use Outlook (Revenue, USD Million; 2018–2028)

Government

Aerospace Defense

Commercial

Request an exclusive discount on the report @ https://www.emergenresearch.com/request-discount/835

Key Geographies Profiled in the Report:

North America (the U.S., Mexico, and Canada)

Asia Pacific (China, Japan, India, and Rest of Asia Pacific)

Europe (the U.K., France, Germany, and Rest of Europe)

Latin America (Brazil and Rest of Latin America)

Middle East Africa (GCC Countries and Rest of Middle East Africa)

Get access to the full description of the report @ https://www.emergenresearch.com/industry-report/sub-orbital-transportation-and-space-tourism-market

Key Highlights from the Report

Sub-orbital reusable vehicles segment is expected to expand at a substantially rapid revenue CAGR during the forecast period due to increasing demand for such vehicles for sub-orbital transportation and space tourism. Rocket-powered vehicles are known as sub-orbital reusable vehicles. Launching profiles of such vehicles vary from vertical takeoff and landings and horizontal launched wings vehicles.

Cargo delivery segment is expected to register a significantly steady revenue growth rate over the forecast period as it is considered the primary goal of space transportation.

North America is expected to register a larger revenue growth rate in the sub-orbital transportation and space tourism market over the forecast period due to robust presence of major market players, including Blue Origin, LLC, Space Exploration Technologies Corp., and Virgin Galactic Holdings Inc., among others in developed countries in the region.

Valuable Market Insights:

The report highlights the latest trends observed in the consumption pattern of each regional segment.

Extensive market segmentation included in the report helps better understand the revenue and estimated growth of the individual regions.

The report throws light on the historical and current market scenarios and provides a concise year-on-year growth rate of the global Sub-orbital Transportation and Space Tourism market.

Request customization of the market report @ https://www.emergenresearch.com/request-for-customization/835

Thank you for reading our report. To know more about the report or for any queries regarding the customization of the report, please connect with us. We will make sure our team provides the necessary assistance and designs your report according to your requirements.

Look Over transcripts provided by Emergen Research:

Virtual Power Plant Market @ https://www.emergenresearch.com/industry-report/virtual-power-plant-market

Radiation Therapy Quality Assurance (QA) Phantoms Market @ https://www.emergenresearch.com/industry-report/radiation-therapy-quality-assurance-phantoms-market

Deep Learning Chip Market @ https://www.emergenresearch.com/industry-report/deep-learning-chip-market

IoT in Education Market @ https://www.emergenresearch.com/industry-report/iot-in-education-market

Smart Wi-Fi Power Strip Market @ https://www.emergenresearch.com/industry-report/smart-wifi-power-strip-market

Gaming Mouse Market @ https://www.emergenresearch.com/industry-report/gaming-mouse-market

e-Waste and Information Technology Asset Disposition (ITAD) Market @ https://www.emergenresearch.com/industry-report/e-waste-and-information-technology-asset-disposition-market

Life and Pensions Business Processing Outsourcing (BPO) Market @ https://www.emergenresearch.com/industry-report/life-and-pensions-business-processing-outsourcing-market

Hyper-Converged Infrastructure (HCI) Market @ https://www.emergenresearch.com/industry-report/hyper-converged-infrastructure-market

Hypersonic Technology Market @ https://www.emergenresearch.com/industry-report/hypersonic-technology-market

Gambling Software Market @ https://www.emergenresearch.com/industry-report/gambling-software-market

Military Displays Market @ https://www.emergenresearch.com/industry-report/military-displays-market

About Us:

At Emergen Research, we believe in advancing with technology. We are a growing market research and strategy consulting company with an exhaustive knowledge base of cutting-edge and potentially market-disrupting technologies that are predicted to become more prevalent in the coming decade.

Contact Us:

Eric Lee

Corporate Sales Specialist

Emergen Research | Web: www.emergenresearch.com

Direct Line: +1 (604) 757-9756

E-mail: sales@emergenresearch.com

Visit for More Insights: https://www.emergenresearch.com/insights

Explore Our Custom Intelligence services | Growth Consulting Services

Read Full Press Release@ https://www.emergenresearch.com/press-release/global-sub-orbital-transportation-and-space-tourism-market