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Global Sub Orbital Transportation And Space Tourism Market
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Global Sub Orbital Transportation And Space Tourism Market

Home Aerospace And Defense Global Sub Orbital Transportation And Space Tourism Market

Global Sub-Orbital Transportation and Space Tourism Market, By System (Sub-orbital Reusable Vehicles, High-altitude Balloon), By Flight Vehicle Type (Sub-Orbital Reusable Vehicles, High-Altitude Balloons, Parabolic Aircraft), By Application (Cargo Delivery, Earth Observation/Remote Sensing, Space Tourism, Satellite Deployment, Others), By End User (Commercial, Military, Government), By Region (North America, Europe, Asia-Pacific (APAC), Latin America (LATAM), Middle-East & Africa (MEA) Trend Analysis, Competitive Market Share & Forecast, 2017-2027

  • Published Date: October 2021
  • Report ID: BWC21113
  • Available Format: PDF
  • Page: 186

Report Overview

Factors such as increased spaceship and spacecraft launches and increasing investments and efforts from government agencies as well as leading industry players are driving global sub-orbital transportation and space tourism market.

Global Sub-Orbital Transportation and Space Tourism Market- Industry Trends & Forecast Report 2027

Global sub-orbital transportation and space tourism market was worth USD 429.1 million in 2020 and is further projected to reach USD 1,302.2 million by the year 2027, growing at the CAGR of 17.3% in the forecast period. The emerging technologies in the space sector and the increasing focus on developing cost-effective space transportation modalities by companies like Virgin Galactic, Space Perspective, etc., to make it more accessible to the public is significantly influencing the growth of the global sub-orbital transportation and space tourism market.

Sub-Orbital Transportation and Space Tourism Market

Source: BlueWeave Consulting

Global Sub-Orbital Transportation and Space Tourism Market- Overview

Sub-orbital spaceflight refers to a space mission that enters space but intersects the atmosphere or surface of the gravitational body from which it was launched, resulting in the mission not completing one orbital revolution. Space tourism refers to space travel for recreational purposes. These markets are a part of the aviation industry and are generally handled by aerospace companies. People who are willing to spend money can experience space through sub-orbital transportation. According to experts, the growth in this market is expected to be profitable for space settlements in the future.

Global Sub-Orbital Transportation and Space Tourism Market Forecast and Trends

Growth Drivers

Growing Emphasis Towards Development in Space Tourism

According to predictions, space tourism is projected to grow in importance and popularity in the coming years. Civilians will be able to book a flight to space for only recreational purposes through space tourism. Virgin Galactic and Blue Origin are leading the way in this sector and opening up the frontier of space tourism. As a result, the global sub-orbital transportation and space tourism market are likely to flourish in the forecast period. Projects involving other market players, such as the ‘DSE Alpha’ project by Space Adventures for the circumlunar mission to the Moon, are also expected to boost the market growth.

Development and Launches in Spaceships and Spacecrafts

The billionaires are also investing significantly in building and testing spacecraft that can be used to meet the needs of space tourism. This will further boost the global sub-orbital transportation and space tourism markets. For instance, Blue Origin recently launched ‘New Shepard, NS-17, with the second flight of NASA’s lunar landing technology. Rocket-and-capsule combination New Shepard is fully autonomous and does not require manual control from the inside. Such developments will likely create new opportunities for space tourism in the near future, driving market growth.

Restraints

High Cost of Sub-Orbital Transportation and Space Tourism

The cost of space tourism will be high as a result of recent developments in space tourism and stiff competition among leading aerospace companies. This factor is expected to emerge as a leading restrictive factor for the global sub-orbital transportation and space tourism market. For instance, initial ticket costs for space tourism sold by Virgin Galactic are in the range of USD 200,000 to USD 250,000 and are only expected to increase in the future.

Impact of COVID-19 on Global Sub-Orbital Transportation and Space Tourism Market

The sudden outbreak of the COVID-19 pandemic significantly halted the functioning of almost all industries, and the sub-orbital transportation and space tourism market is no exception. Research and development activities other than pharmaceuticals and vaccines were halted during the lockdown, negatively affecting the global sub-orbital transportation and space tourism markets. The satellite launch activities and tests were also suspended to ensure the safety of personnel, which hampered the growth of the market. Despite this, the market flourished considerably during the COVID-19 period, with businesses like Virgin Galactic and Blue Origin doing extremely well in the space industry.

Global Sub-Orbital Transportation and Space Tourism Market - By System

Based on systems, the global sub-orbital transportation and space tourism market is segmented into sub-orbital reusable vehicles and high-altitude balloons. Due to their broad professional appeal, sub-orbital reusable vehicles account for the largest market share. A sub-orbital reusable vehicle is primarily used in suborbital astronomy, longitudinal human research, microgravity, and atmospheric research. On the other hand, high-altitude balloons are often used by students for both scientific and educational purposes because of which its market is quite limited as compared to the sub-orbital reusable vehicles.

Global Sub-Orbital Transportation and Space Tourism Market - By Flight Vehicle Type

Based on flight vehicles types, the global sub-orbital transportation and space tourism market is segmented into parabolic aircraft, sub-orbital reusable vehicles, and high-altitude balloons. Among these, the sub-orbital reusable vehicles account for the largest market share. This segment is experiencing exponential growth as a result of the increasing number of emerging companies developing suborbital transport vehicles that are reusable. According to the founder of SpaceX, sub-orbital reusable vehicles play a very crucial role in reducing the overall cost of space access by eliminating the need to manufacture rockets for every space visit. Therefore, aerospace companies are increasingly focusing on manufacturing these vehicle types, boosting their market growth.

Global Sub-Orbital Transportation and Space Tourism Market - Regional Insights

Geographically, the global sub-orbital transportation and space tourism market is segmented into North America, Europe, Asia-Pacific, Latin America, Middle-East & Africa. Among these regions, North America dominates the market because of the high concentration of aerospace companies like Blue Origin, SpaceX, Space Adventures, Virgin Galactic, etc. The companies invest heavily in the development of advanced technologies in space transportation and tourism. Furthermore, this region often undergoes space flight tests and demonstrations, which significantly fuels the growth of the sub-orbital transportation and space tourism market.

Regional Insights

Source: BlueWeave Consulting

Global Sub-Orbital Transportation and Space Tourism Market: Competitive Landscape

The leading players in the global sub-orbital transportation and space tourism market are Blue Origin, Zero 2 Infinity S.L, Equatorial Space Systems Pte Ltd., Exos Aerospace Systems & Technologies, inc., Zero Gravity Corporation, Near Space Corp., World View Enterprises, Orbspace, Virgin Galactic, PD AeroSpace, Ltd., UP Aerospace Inc., Raven Aerostar, Space Perspective, SpaceX, Swedish Space Corporation, and other prominent players.

The market is highly concentrated and dominated by few global giants. To stay competitive in this intense market, these companies invest millions in developing cutting-edge technology.

Recent Developments

  • In August 2021, Chinese firm Space Transportation announced to have raised more than USD 46.3 million for its hypersonic space plane plans in a new fundraising round. The funding will be used to develop commercial suborbital and hypersonic vehicles.
  • In August 2021, Virgin Orbit confirmed plans to become a public company by merging with a special purpose acquisition company (SPAC). The combined company is valued at $3.2 billion, and Virgin Orbit will receive $483 million in cash at close, including a $100 million PIPE.

 

Scope of the Report

Attributes

Details

Years Considered

Historical data – 2017-2020

Base Year – 2020

Forecast – 2021 – 2027

Facts Covered

Revenue in USD Million

Market Coverage

U.S, Canada, Germany, UK, France, Italy, Spain, Brazil, Mexico, Japan, South Korea, China, India, UAE, South Africa, Saudi Arabia

Product Service/Segmentation

By System, By Flight Vehicle Type, By Application, By End User, By Region

Key Players

Blue Origin, Zero 2 Infinity S.L, Equatorial Space Systems Pte Ltd., Exos Aerospace Systems & Technologies, inc., Zero Gravity Corporation, Near Space Corp., World View Enterprises, Orbspace, Virgin Galactic, PD AeroSpace, Ltd., UP Aerospace Inc., Raven Aerostar, Space Perspective, SpaceX, Swedish Space Corporation, and other prominent players.

 

By System

  • Sub-orbital Reusable Vehicles
  • High-altitude Balloon

By Flight Vehicle Type

  • Sub-Orbital Reusable Vehicles
  • High-Altitude Balloons
  • Parabolic Aircraft

By Application

  • Cargo Delivery
  • Earth Observation/Remote Sensing
  • Space Tourism
  • Satellite Deployment
  • Others

By End-User

  • Commercial
  • Military
  • Government

By Region

  • North America
  • Europe
  • Asia-Pacific
  • Latin America
  • Middle East & Africa
  1. Research Framework
    1. Research Objective
    2. Product Overview
    3. Key Market Segments
  2. Research Methodology
    1. Qualitative Research
    2. Methodology
    3. Regional Split of Primary & Secondary Research
    4. Secondary Research
    5. Primary Research
      1. Breakdown of Primary Research Respondents, By Region
      2. Breakdown of Primary Research Respondents, By Industry Participants
    6. Market Size Estimation
    7. Assumptions for the Study
    8. Market Breakdown & Data Triangulation
  3. Executive Summary
  4. Industry Insight and Growth Strategy
    1. Value Chain Analysis
    2. DROC Analysis
      1. Market Drivers
        1. Growing Emphasis Towards Development in Space Tourism
        2. Development and Launches in Spaceships and Spacecrafts
      2. Market Restraints
        1. High Cost of Sub-Orbital Transportation and Space Tourism
      3. Market Challenges
        1. Potential Negative Influence on the Earth’s Atmosphere
      4. Market Opportunity
        1. Expanding Development in Sub-Orbital Reusable Vehicles
        2. Growing Satellite Deployment Application
    3. Recent Developments
    4. Porter’s Five Forces Analysis
      1. Bargaining Power of Buyers
      2. Bargaining Power of Suppliers
      3. Intensity of Rivalry
      4. Threat of New Entrants
      5. Threat of Substitutes
  5. Global Sub-Orbital Transportation and Space Tourism Market Overview
    1. Market Size & Forecast by Value, 2017-2027
    2. Market Size and Forecast, By Segment
      1. By System
        1. Sub-orbital Reusable Vehicles
        2. High-altitude Balloon
      2. By Flight Vehicle Type
        1. Sub-Orbital Reusable Vehicles
        2. High-Altitude Balloons
        3. Parabolic Aircraft
      3. By Application
        1. Cargo Delivery
        2. Earth Observation/Remote Sensing
        3. Space Tourism
        4. Satellite Deployment
        5. Others
      4. By End User
        1. Commercial
        2. Military
        3. Government
      5. By Region
        1. North America
        2. Europe
        3. Asia-Pacific
        4. Latin America
        5. Middle East & Africa
  6. North America Sub-Orbital Transportation and Space Tourism Market Overview
    1. Market Size and Forecast
      1. By Value (USD Million), 2020-2027
    2. Market Share and Forecast
      1. By System
      2. By Flight Vehicle Type
      3. By Application
      4. By End User
      5. By Country
        1. U.S.
        2. Canada
  7. Europe Sub-Orbital Transportation and Space Tourism Market Overview
    1. Market Size and Forecast
      1. By Value (USD Million), 2020-2027
    2. Market Share and Forecast
      1. By System
      2. By Flight Vehicle Type
      3. By Application
      4. By End User
      5. By Country
        1. Germany
        2. U.K.
        3. Russia
        4. France
        5. Italy
        6. Spain
        7. Rest of Europe
  8. APAC Sub-Orbital Transportation and Space Tourism Market Overview
    1. Market Size and Forecast
      1. By Value (USD Million), 2020-2027
    2. Market Share and Forecast
      1. By System
      2. By Flight Vehicle Type
      3. By Application
      4. By End User
      5. By Country
        1. China
        2. India
        3. Japan
        4. South Korea
        5. Rest of APAC
  9. LATAM Sub-Orbital Transportation and Space Tourism Market Overview
    1. Market Size and Forecast
      1. By Value (USD Million), 2020-2027
    2. Market Share and Forecast
      1. By System
      2. By Flight Vehicle Type
      3. By Application
      4. By End User
      5. By Country
        1. Mexico
        2. Brazil
        3. Rest of LATAM
  10. MEA Sub-Orbital Transportation and Space Tourism Market Overview
    1. Market Size and Forecast
      1. By Value (USD Million), 2020-2027
    2. Market Share and Forecast
    3. By System
    4. By Flight Vehicle Type
    5. By Application
    6. By End User
    7. By Country
      1. Saudi Arabia
      2. UAE
      3. South Africa
      4. Rest of MEA
  11. Competitive Landscape
    1. List of Key Players and Their Offerings
    2. Market Share Analysis (2020)
    3. Competitive Benchmarking By Operating Parameters
  12. Impact of COVID-19 on Global Sub-Orbital Transportation and Space Tourism Market
  13. Company Profiles (Company Overview, Financial Matrix, Key Product landscape, Key Personnel, Key Competitors, Contact Address, and Strategic Outlook) *
    1. Blue Origin
    2. Zero 2 Infinity S.L
    3. Equatorial Space Systems Pte Ltd.
    4. Exos Aerospace Systems & Technologies, inc.
    5. Zero Gravity Corporation
    6. Near Space Corp.
    7. World View Enterprises
    8. Orbspace
    9. Virgin Galactic
    10. PD AeroSpace, LTD
    11. UP Aerospace Inc.
    12. Raven Aerostar
    13. Space Perspective
    14. SpaceX
    15. Swedish Space Corporation
    16. Other Prominent Players
  14. Key Strategic Recommendations

 

List of Figures

 

 

Figure 1: Global Sub-Orbital Transportation and Space Tourism Market Segmentation

 

Figure 2: Global Sub-Orbital Transportation and Space Tourism Market Value Chain Analysis,

 

Figure 3: Company Market Share Analysis, 2020

 

Figure 4: Global Sub-Orbital Transportation and Space Tourism Market Size, By Value (USD Million), 2017-2027

 

Figure 5: Global Sub-Orbital Transportation and Space Tourism Market Share (%), By System, By Value, 2017-2027

 

Figure 6: Global Sub-Orbital Transportation and Space Tourism Market Share (%), By Flight Vehicle Type, By Value, 2017-2027

 

Figure 7: Global Sub-Orbital Transportation and Space Tourism Market Share (%), By Application, By Value, 2017-2027

 

Figure 8: Global Sub-Orbital Transportation and Space Tourism Market Share (%), By End User, By Value, 2017-2027

 

Figure 9: Global Sub-Orbital Transportation and Space Tourism Market Share (%), By Region, By Value, 2017-2027

 

Figure 10: North America Sub-Orbital Transportation and Space Tourism Market Size, By Value (USD Million), 2017-2027

 

Figure 11: North America Sub-Orbital Transportation and Space Tourism Market Share (%), By System, By Value, 2017-2027

 

Figure 12: North America Sub-Orbital Transportation and Space Tourism Market Share (%), By Flight Vehicle Type, By Value, 2017-2027

 

Figure 13: North America Sub-Orbital Transportation and Space Tourism Market Share (%), By Application, By Value, 2017-2027

 

Figure 14: North America Sub-Orbital Transportation and Space Tourism Market Share (%), By End User, By Value, 2017-2027

 

Figure 15: North America Sub-Orbital Transportation and Space Tourism Market Share (%), By Country, By Value, 2017-2027

 

Figure 16: Europe Sub-Orbital Transportation and Space Tourism Market Size, By Value (USD Million), 2017-2027

 

Figure 17: Europe Sub-Orbital Transportation and Space Tourism Market Share (%), By System, By Value, 2017-2027

 

Figure 18: Europe Sub-Orbital Transportation and Space Tourism Market Share (%), By Flight Vehicle Type, By Value, 2017-2027

 

Figure 19: Europe Sub-Orbital Transportation and Space Tourism Market Share (%), By Application, By Value, 2017-2027

 

Figure 20: Europe Sub-Orbital Transportation and Space Tourism Market Share (%), by End User, By Value, 2017-2027

 

Figure 21: Europe Sub-Orbital Transportation and Space Tourism Market Share (%), By Country, By Value, 2017-2027

 

Figure 22: Asia-Pacific Sub-Orbital Transportation and Space Tourism Market Size, By Value (USD Million), 2017-2027

 

Figure 23: Asia-Pacific Sub-Orbital Transportation and Space Tourism Market Share (%), By System, By Value, 2017-2027

 

Figure 24: Asia-Pacific Sub-Orbital Transportation and Space Tourism Market Share (%), By Flight Vehicle Type, By Value, 2017-2027

 

Figure 25: Asia-Pacific Sub-Orbital Transportation and Space Tourism Market Share (%), By Application, By Value, 2017-2027

 

Figure 26: Asia-Pacific Sub-Orbital Transportation and Space Tourism Market Share (%), By End User, By Value, 2017-2027

 

Figure 27: Asia-Pacific Sub-Orbital Transportation and Space Tourism Market Share (%), By Country, By Value, 2017-2027

 

Figure 28: Latin America Sub-Orbital Transportation and Space Tourism Market Size, By Value (USD Million), 2017-2027

 

Figure 29: Latin America Sub-Orbital Transportation and Space Tourism Market Share (%), By System, By Value, 2017-2027

 

Figure 30: Latin America Sub-Orbital Transportation and Space Tourism Market Share (%), By Flight Vehicle Type, By Value, 2017-2027

 

Figure 31: Latin America Sub-Orbital Transportation and Space Tourism Market Share (%), By Application, By Value, 2017-2027

 

Figure 32: Latin America Sub-Orbital Transportation and Space Tourism Market Share (%), By End User, By Value, 2017-2027

 

Figure 33: Latin America Sub-Orbital Transportation and Space Tourism Market Share (%), By Country, By Value, 2017-2027

 

Figure 34: Middle East & Africa Sub-Orbital Transportation and Space Tourism Market Size, By Value (USD Million), 2017-2027

 

Figure 35: Middle East & Africa Sub-Orbital Transportation and Space Tourism Market Share (%), By System, By Value, 2017-2027

 

Figure 36: Middle East & Africa Sub-Orbital Transportation and Space Tourism Market Share (%), By Flight Vehicle Type, By Value, 2017-2027

 

Figure 37: Middle East & Africa Sub-Orbital Transportation and Space Tourism Market Share (%), By Application, By Value, 2017-2027

 

Figure 38: Middle East & Africa Sub-Orbital Transportation and Space Tourism Market Share (%), By End User, By Value, 2017-2027

 

Figure 39: Middle East & Africa Sub-Orbital Transportation and Space Tourism Market Share (%), By Region, By Value, 2017-2027

 

 

 

List of Tables

 

 

Table 1: Global Sub-Orbital Transportation and Space Tourism Market Size, By System, By Value, 2017-2027

 

Table 2: Global Sub-Orbital Transportation and Space Tourism Market Size, By Flight Vehicle Type, By Value (USD Million), 2017-2027

 

Table 3: Global Sub-Orbital Transportation and Space Tourism Market Size, By Application, By Value (USD Million), 2017-2027

 

Table 4: Global Sub-Orbital Transportation and Space Tourism Market Size, By End User, By Value (USD Million), 2017-2027

 

Table 5: Global Sub-Orbital Transportation and Space Tourism Market Size, By Region, By Value (USD Million), 2017-2027

 

Table 6: North America Sub-Orbital Transportation and Space Tourism Market Size, By System, By Value (USD Million), 2017-2027

 

Table 7: North America Sub-Orbital Transportation and Space Tourism Market Size, By Flight Vehicle Type, By Value (USD Million), 2017-2027

 

Table 8: North America Sub-Orbital Transportation and Space Tourism Market Size, By Application, By Value (USD Million), 2017-2027

 

Table 9: North America Sub-Orbital Transportation and Space Tourism Market Size, By End User, By Value (USD Million), 2017-2027,

 

Table 10: Europe Sub-Orbital Transportation and Space Tourism Market Size, By System, By Value (USD Million), 2017-2027

 

Table 11: Europe Sub-Orbital Transportation and Space Tourism Market Size, By Flight Vehicle Type, By Value (USD Million), 2017-2027

 

Table 12: Europe Sub-Orbital Transportation and Space Tourism Market Size, By Application, By Value (USD Million), 2017-2027

 

Table 13: Europe Sub-Orbital Transportation and Space Tourism Market Size, By End User, By Value (USD Million), 2017-2027

 

Table 14: the Asia-Pacific Sub-Orbital Transportation and Space Tourism Market Size, By System, By Value (USD Million), 2017-2027

 

Table 15: the Asia-Pacific Sub-Orbital Transportation and Space Tourism Market Size, By Flight Vehicle Type, By Value (USD Million), 2017-2027

 

Table 16: the Asia-Pacific Sub-Orbital Transportation and Space Tourism Market Size, By Application, By Value (USD Million), 2017-2027

 

Table 17: the Asia-Pacific Sub-Orbital Transportation and Space Tourism Market Size, By End User, By Value (USD Million), 2017-2027

 

Table 18: Latin America Sub-Orbital Transportation and Space Tourism Market Size, By System, By Value (USD Million), 2017-2027

 

Table 19: Latin America Sub-Orbital Transportation and Space Tourism Market Size, By Flight Vehicle Type, By Value (USD Million), 2017-2027

 

Table 20: Latin America Sub-Orbital Transportation and Space Tourism Market Size, By Application, By Value (USD Million), 2017-2027

 

Table 21: Latin America Sub-Orbital Transportation and Space Tourism Market Size, By End User, By Value (USD Million), 2017-2027

 

Table 22: The Middle-East & Africa Sub-Orbital Transportation and Space Tourism Market Size, By System, By Value (USD Million), 2017-2027

 

Table 23: The Middle-East & Africa Sub-Orbital Transportation and Space Tourism Market Size, By Flight Vehicle Type, By Value (USD Million), 2017-2027

 

Table 24: The Middle-East & Africa Sub-Orbital Transportation and Space Tourism Market Size, By Application, By Value (USD Million), 2017-2027

 

Table 25: The Middle-East & Africa Sub-Orbital Transportation and Space Tourism Market Size, By End User, By Value (USD Million), 2017-2027

 

 

Table 19: Blue Origin Financial Analysis

Table 20: Blue Origin Business Overview

Table 21: Zero 2 Infinity S.L Financial Analysis

Table 22: Zero 2 Infinity S.L Business Overview

Table 23: Equatorial Space Systems Pte Ltd. Corporation Financial Analysis

Table 24: Equatorial Space Systems Pte Ltd. Corporation Business Overview

Table 25: Exos Aerospace Systems & Technologies, inc. Financial Analysis

Table 26: Exos Aerospace Systems & Technologies, inc. Business Overview

Table 27: Zero Gravity Corporation Financial Analysis

Table 28: Zero Gravity Corporation Business Overview

Table 29: Near Space Corp. Financial Analysis

Table 30: Near Space Corp. Business Overview

Table 31: World View Enterprises  Financial Analysis

Table 32: World View Enterprises  Business Overview

Table 33: Orbspace Financial Analysis

Table 34: Orbspace Business Overview

Table 35: Virgin Galactic Financial Analysis

Table 36: Virgin Galactic Business Overview

Table 37: PD AeroSpace, LTD Financial Analysis

Table 38: PD AeroSpace, LTD Business Overview

Table 39: Raven Aerostar Financial Analysis

Table 40: Raven Aerostar Financial Analysis

Table 41: Space Perspective Financial Analysis

Table 42: Space Perspective Financial Analysis

Table 43: UP Aerospace Inc. Financial Analysis

Table 44: UP Aerospace Inc. Financial Analysis

Table 45: SpaceX Financial Analysis

Table 46: SpaceX Financial Analysis

Table 47: Swedish Space Corporation Financial Analysis

Table 48: Swedish Space Corporation Financial Analysis

Market Segmentation

By System

  • Sub-orbital Reusable Vehicles
  • High-altitude Balloon

By Flight Vehicle Type

  • Sub-Orbital Reusable Vehicles
  • High-Altitude Balloons
  • Parabolic Aircraft

By Application

  • Cargo Delivery
  • Earth Observation/Remote Sensing
  • Space Tourism
  • Satellite Deployment
  • Others

By End-User

  • Commercial
  • Military
  • Government

By Region

  • North America
  • Europe
  • Asia-Pacific
  • Latin America
  • Middle East & Africa
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Frequently Asked Questions (FAQs):

Ans: The global sub-orbital transportation and space tourism market reached USD 429.1 million in 2020.
Ans: The major factors driving the growth of the global sub-orbital transportation and space tourism market are; growing emphasis towards development in space tourism and development and launches in spaceships and spacecrafts.
Ans: The key players in the global sub-orbital transportation and space tourism market are: Blue Origin, Zero 2 Infinity S.L, Equatorial Space Systems Pte Ltd., Exos Aerospace Systems & Technologies, inc., Zero Gravity Corporation, Near Space Corp., World View Enterprises, Orbspace, Virgin Galactic, PD AeroSpace, LTD, UP Aerospace Inc., Raven Aerostar, Space Perspective, SpaceX, Swedish Space Corporation, and other prominent players.
Ans: The government segment accounted for the largest share in the global sub-orbital transportation and space tourism market.
Ans: North America holds the largest share in the global sub-orbital transportation and space tourism market.