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Allied Market Research

Space Transportation Market by Type (Passenger Shuttles, Freight Shuttles, and Deep Space Passenger Ships), Orbit Range (LEO, GEO, and MEO), and Application (Research & Development and Leisure): Global Opportunity Analysis and Industry Forecast, 2021–2027

A10719
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Aug 2021 | 436 Views
   
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COVID-19

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Space Transportation Market Outlook – 2027

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. 

Market scope and structure analysis:

Report Metric

Details

  Market size available for years

  2020–2027

  Base year considered

  2019

  Forecast period

 2021–2027

  Forecast units

  Value (USD)

  Segments covered

  Type, Orbit Range, and Application

  Regions covered

North America (U.S., Canada, and Mexico), Europe (Germany, UK, France, Russia, and rest of Europe), Asia-Pacific (China, Japan, India, South Korea, and rest of Asia-Pacific), LAMEA (Latin America, Middle East, and Africa)

  Companies covered

SpaceX, Northrop Grumman Innovation Systems, Orbital, Sierra Nevada Corporation, Boeing, Blue Origin, The Spaceship Company, PD Aerospace, Scaled Composites, and Copenhagen Suborbitals

 

COVID-19 Scenario Analysis: 

  • The production for space transportation vehicles, also known as the spacecraft or shuttle is going to be more agile after the end of COVID-19.
  • The postponement of space missions is expected to affect the future growth of the companies.
  • The revenue is not being generated for the companies due cancellation of space exploration programs, which results in major losses across the year.
  • The space transportation companies have to strategies the market segments upon reinstatement of space research activities.
  • A huge monetary loss has been accounted for in the revenue generation of the Space transportation companies on account of production shutdown, delayed missions and hindrance in approvals of space budgets due to the prevalence of COVID-19.

Top Impacting Factors: Market Scenario Analysis, Trends, Drivers, and Impact Analysis

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.  

The global space transportation market trends are as follows:

Rise in space exploration programs

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. 

Technological advancements to foster the application

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. 

Key Segments Covered:

Segments

Sub-segments

  Type

  • Passenger shuttles
  • Freight shuttles
  • Deep space passenger ships

  Orbit range

  • LEO
  • GEO
  • MEO

  Application

  • Research & Development
  • Leisure

 

Key Benefits of the Report:

  • This study presents the analytical depiction of the global space transportation industry along with the current trends and future estimations to determine the imminent investment pockets.
  • The report presents information related to key drivers, restraints, and opportunities along with a detailed analysis of the global space transportation market share.
  • The current market is quantitatively analyzed from 2020 to 2027 to highlight the global Space transportation market growth scenario.
  • Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market. 
  • The report provides a detailed global space transportation market analysis based on competitive intensity and how the competition will take shape in the coming years. 

Questions Answered in the Space transportation Market Research Report:

  • Which are the leading market players active in the space transportation market?
  • What are the current trends that will influence the market in the next few years?
  • What are the driving factors, restraints, and opportunities in the market?
  • What future projections would help in taking further strategic steps?
 
With collective industry experience of about 200 years of its analysts and experts, Allied Market Research (AMR) encompasses most infallible research methodology for its market intelligence and industry analysis. We do not only engrave the deepest levels of markets but also sneak through its slimmest details for the purpose of our market estimates and forecasts. Our approach helps in building greater market consensus view for size, shape and industry trends within each industry segment. We carefully factor in industry trends and real developments for identifying key growth factors and future course of the market. Our research proceeds are the resultant of high quality data, expert views and analysis and high value independent opinions. Our research process is designed to deliver balanced view of the global markets and allow stakeholders to make informed decisions.

We offer our clients exhaustive research and analysis based on wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics and regional intelligence. Our in-house industry experts play instrumental role in designing analytic tools and models, tailored to the requirements of particular industry segment. These analytical tools and models sanitize the data & statistics and enhance the accuracy of our recommendations and advice. With AMR’s calibrated research process and 360` degree data-evaluation methodology, our clients are assured of receiving:

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With a strong methodology we are, therefore, confident that our research and analysis are most reliable and guarantees sound business planning.

Secondary research
We refer a broad array of industry sources for our secondary, which typically include; however, not limited to: Company SEC filings, annual reports, company websites, broker & financial reports and investor presentations for competitive scenario and shape of the industry

  • Patent and regulatory databases for understanding of technical & legal developments
  • Scientific and technical writings for product information and related preemptions
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Our primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks and face-to-face interactions. We are also in professional corporate relations with various companies that allow us greater flexibility for reaching out industry participants and commentators for interviews and discussions, fulfilling following functions:

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  • Supplies authentic information about market size, share, growth and forecasts


Our primary research interview and discussion panels are typically composed of most experienced industry members. These participants include; however, not limited to:

  • Chief executives and VPs of leading corporations specific to industry
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AMR has developed set of analyst tools and data models to supplement and expedite the analysis process. Corresponding to markets, where there is significant lack of information and estimates, AMR’s team of experts and analyst develop specific analyst tools and industry models to translate qualitative and quantitative industry indicators into exact industry estimates. These models also allow analysts to examine the prospects and opportunities prevailing in the market to accurately forecast the course of the market.
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