Sub-Orbital Space Tourism is Expected to Gain More Traction in the Upcoming Years

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.

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The global sub-orbital 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.

Sub-orbital reusable vehicles (SRVs) have been gaining attention for their benefits and establishing a new spaceflight industry. Comparatively, SRVs would be less expensive to develop and operate than orbital RLVs. A number of SRVs have the capability to carry humans, with current designs for one to six passengers, in addition to one or two crew members in some cases. The sub-orbital reusable vehicles segment is expected to lead the market during the forecast period from 2021 to 2031. One of the factors contributing to this growth is the growing number of emerging companies involved in developing such reusable vehicles that will carry out sub-orbital space tourism.

In the past, before the emergence of private space companies, the space industry was dominated by national space agencies across the globe. Currently, with the advent of new space players, the dynamics in the space industry have transformed. Moreover, it is observed that space agencies and private space companies are working with each other to further their objectives with respect to the space industry. The advantages of space systems for mobile satellite communications, broadcasting, high-speed data transfer, and commercial navigation are being recognized today by commercial businesses. Furthermore, there are numerous potential opportunities offered by emerging space activities such as in-space manufacturing, asteroid mining, and space-based solar power. These space activities are gathering significant interest from the private sector.

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Space transportation includes sub-orbital flights or transportation, orbital transportation, and beyond orbital transportation, which includes planetary missions. Currently, commercial space transportation includes launch services and cargo delivery to the International Space Station (ISS). Additionally, two companies, namely Blue Origin and Virgin Galactic, have announced their ticket prices for commercial space transportation services. These commercial space transportation services include one to the Moon and one to higher orbits from the International Space Station (ISS) or launch vehicle. Apart from this, commercial rides will be available for adventure travelers and astronauts on suborbital flights and to the ISS. According to NASA's Integrated Landing System Broad Agency Announcement (BAA), transportation from Gateway to the Moon will be a commercial service by 2024.

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