The major driving factor for the market’s robustness will be focused efforts to enable space transportation, emerging start-ups in sub-orbital transportation, and increasing developments in low-cost launching sites.
New York, Oct. 07, 2021 (GLOBE NEWSWIRE) -- Reportlinker.com announces the release of the report "Sub-Orbital Reusable Vehicle (SRV) Market: Focus on Application, System, and Country - Analysis and Forecast, 2021-2031" - https://www.reportlinker.com/p06169594/?utm_source=GNW
Sub-Orbital Reusable Vehicle (SRV) Market by Application
Microgravity research, demonstrations, testing, and experiments application segment is expected to dominate the global sub-orbital reusable vehicle (SRV) market, on account of major focus on carrying out scientific research, payload testing, and experiments, among others, using sub-orbital flight vehicles.
Sub-Orbital Reusable Vehicle (SRV) Market by System
The propulsion 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 transportation.
Sub-Orbital Reusable Vehicle (SRV) Market by Region
North America is expected to dominate the global sub-orbital reusable vehicle (SRV) market during the forecast period.The number of growing successful demonstrations and test flights carried out by key players in this market has created an opportunity not only for them but also for other players who want to enter the market.
Apart from this, these successful demonstrations have proven the viability of these systems and may push these companies to commercialize their product offerings.
Key Market Players and Competition Synopsis
Blue Origin, Equatorial Space Systems Pte Ltd., exos Aerospace Systems & Technologies, inc., Orbspace, PD AeroSpace, LTD, SpaceX, UP Aerospace Inc., Virgin Galactic
The companies that are profiled in the report have been selected post undergoing in-depth interviews with experts and understanding details around companies such as product portfolio, annual revenues, market penetration, research and development initiatives, and domestic and international presence in the space industry.
• North America
• Latin America
• Middle East and Africa (MEA)
Read the full report: https://www.reportlinker.com/p06169594/?utm_source=GNW
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