Report Code: A10719 | Pages: NA | Mar 2023 | 3002 Views | ||
Author(s) : NA | Tables: NA | Charts: NA |
|
Pandemic disrupted the entire world and affected many industries.
Get detailed COVID-19 impact analysis on the Space Transportation Market
Request Now !The space transportation market, also known as the space shuttle system, is the partially reusable rocket-launched vehicle, which is intended to go into the orbit and around the Earth. The space transportation market comprises transportation of people and cargo. The space transportation system comprises transportation to and from orbiting spacecraft and return to Earth’s surface. These are also widely used in space research missions in the field of materials science, Earth science, and others. In addition, the proliferating research & development activities fuels the growth prospects for the global space transportation market.Â
COVID-19 Scenario Analysis:Â
The global market for space transportation is driven by rise in space exploration missions and an upsurge in space budgets of developed nations. The growing competition among the nations is urging the major participants to rapidly foster space missions, which in turn creates a significant demand for the global space transportation market. In addition, rise in government spending is expected to bolster the space missions, substantially driving the demand for spacecraft for space transportation. Moreover, the proliferation of technology is boosting the application of advanced spacecraft in space transportation, while reducing the need for astronauts. This is anticipated to dominate the global market, owing to similar space exploration missions over some period. Â
The global space transportation market trends are as follows:
The space exploration programs have gained rapid consideration over the past few decades, where major nations dominate the global market by justifying their space capabilities. In addition, growing space R&D programs has proliferated the growth of the global space transportation market. Moreover, rapid collaborations among international space institutions for the integration of technologies and investment is bolstering the global market for space missions, which in turn is fueling the demand for the space transportation market. The rise in space exploration missions could also be attributed to the increment in space budget and government spending. Furthermore, miniaturization of the components of spacecraft for space transportation is likely to push the application and demand for the global space transportation market.Â
The global space transportation market has been broadly driven by technologies used in spacecraft and space transportation. Here technology is anticipated to take a lead during the forecasted period, owing to the rising frequency of innovations in space missions planned onto Mars and Moon. In addition, the space programs that have not been successful in reaching the Mars are also creating a significant demand as the entry of satellites into orbits need to be monitored for further communication via space transportation. Further, the incorporation of technological advancements such as oxygen-air-breathing propulsion systems in the space exploration missions are boosting the growth of the global space transportation market.Â
Key Benefits of the Report:
Questions Answered in the Space transportation Market Research Report:
Space Transportation Market Report Highlights
Aspects | Details |
---|---|
By Type |
|
By Orbit range |
|
By Application |
|
By Region |
|
Key Market Players | SpaceX, Northrop Grumman Innovation Systems, Orbital, Sierra Nevada Corporation, Boeing, Blue Origin, The Spaceship Company, PD Aerospace, Scaled Composites, Copenhagen Suborbitals |
Loading Table Of Content...
Start reading.
This Report and over 19,667+ more Reports, Available with Avenue Library. T&C*.
Enterprise
License/PDF
Library
Membership
*Taxes/Fees, if applicable will be added during checkout. All prices in USD
To ensure high-level data integrity, accurate analysis, and impeccable forecasts
For complete satisfaction
On-demand customization of scope of the report to exactly meet your needs
Targeted market view to provide pertinent information and save time of readers
Get insights on topics that are crucial for your business. Stay abreast of your interest areas.
Get Industry Data AlertsTo ensure high-level data integrity, accurate analysis, and impeccable forecasts
For complete satisfaction
On-demand customization of scope of the report to exactly meet your needs
Targeted market view to provide pertinent information and save time of readers