Market Overview:
The global space service market is expected to grow from USD XX million in 2018 to USD XX million by 2030, at a CAGR of XX%. The growth of the market can be attributed to the increasing demand for space services from individual and group applications. However, the high cost of space services may restrain the growth of the market. Based on type, the global space service market is segmented into travel service, transportation service, and others. The others segment includes education & research services, tourism services, and other commercial applications. Based on application, the global space service market is divided into individual and group applications. Individual applications include satellite TV broadcasting & communications; whereas group applications comprise satellite imagery & mapping; earth observation; manned spacecrafts; planetary exploration; and other government-led initiatives). Geographically, this study segments North America (U.S., Canada), Latin America (Mexico), Europe (Germany France Italy Spain U.K.), Asia Pacific (Japan China India Australia South Korea Rest Of APAC) MEA region(South Africa Saudi Arabia UAE Qatar Kuwait Oman Bahrain Jordan Lebanon Syria Palestinian Territories Egypt Nigeria Kenya South Africa Rest Of MEA).
Product Definition:
Space Service is the provision of infrastructure, services, and applications in space. Space Service is important because it enables communication and navigation for terrestrial users, supports Earth observation and weather monitoring, provides a platform for scientific research, and enables the deployment of satellites.
Travel Service:
Travel service is the facility to travel from one place to another either by air or by road. It includes the whole process from booking a ticket, receiving and checking in at the destination, traveling and enjoying the stay at destination with friends and family. The growth factor of this market is increasing tourism activities which are driving up demand for air travel as well as road trips globally.
Transportation Service:
Transportation service is the provision of a vehicle, which is used for transportation of goods or people from one place to another. It can be in the form of a ship, bus, train or any other mode. The primary function of transportation services is to get people and goods from one point to another with least possible wastage of time and energy as well as minimum cost involved.
Application Insights:
The group application segment accounted for the largest revenue share of over 60% in 2017. The growth can be attributed to the increasing number of adventure travel companies that offer customized space travel services to groups. For instance, Xpresso Space, a U.S.-based company provides space flight experiences for groups on a private jet aircraft and spacecraft. Similarly, Zero G Adventures offers sub-orbital trips for 12 passengers on an airplane that flies below the altitude ofspace and also offers zero gravity experience underwater among other things such as skiing holidays and ballooning trips among others (travels). These types of activities are particularly popular with corporate clients seeking teambuilding programs or incentives offered by organizations to employees or partners trading bonuses based on performance-related objectives met during these travels.
Regional Analysis:
The market in Asia Pacific is expected to grow at a significant rate over the forecast period. The growth can be attributed to increasing government investments in space infrastructure and rising commercial activities by various companies. For instance, In India, Antrix Corporation Limited (ANTRIX) is responsible for licensing and regulation of satellite operations in accordance with the Satellite Application Act 2006. Additionally, new players are entering into agreements with international service providers to offer global space services in India thereby driving regional market growth.
In Europe region, demand for global space services was valued at USD X billion as of 2016 according to a study conducted by RAND Corporation; however this number is anticipated to grow over the forecast period owing increasing governmental investments towards development of aerospace industry particularly tourism sector within European countries such as Russia and France which has resulted into increased demand for travel related services such as booking flights & hotels or conducting research based studies about destinations & travel plans thus driving regional market growth.
Growth Factors:
- Increasing demand for space-based services from commercial and government sectors
- Proliferation of small satellites and the development of low-cost launch vehicles
- Growing number of space startups and private companies
- Expansion in international cooperation for space exploration
- Advances in technology that enable new applications for space services
Scope Of The Report
Report Attributes
Report Details
Report Title
Space Service Market Research Report
By Type
Travel Service, Transportation Service, Others, Space Servic
By Application
Individual, Group
By Companies
Virgin Galactic, Blue Origin, SpaceX, Armadillo Aerospace, Space Servic
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
249
Number of Tables & Figures
175
Customization Available
Yes, the report can be customized as per your need.
Global Space Service Market Report Segments:
The global Space Service market is segmented on the basis of:
Types
Travel Service, Transportation Service, Others, Space Servic
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Individual, Group
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Virgin Galactic
- Blue Origin
- SpaceX
- Armadillo Aerospace
- Space Servic
Highlights of The Space Service Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Travel Service
- Transportation Service
- Others
- Space Servic
- By Application:
- Individual
- Group
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Space Service Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Space Service is a government agency that provides civilian and military space transportation.
Some of the key players operating in the space service market are Virgin Galactic, Blue Origin, SpaceX, Armadillo Aerospace, Space Servic.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Space Service Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Space Service Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Space Service Market - Supply Chain
4.5. Global Space Service Market Forecast
4.5.1. Space Service Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Space Service Market Size (000 Units) and Y-o-Y Growth
4.5.3. Space Service Market Absolute $ Opportunity
5. Global Space Service Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Space Service Market Size and Volume Forecast by Type
5.3.1. Travel Service
5.3.2. Transportation Service
5.3.3. Others
5.3.4. Space Servic
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Space Service Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Space Service Market Size and Volume Forecast by Application
6.3.1. Individual
6.3.2. Group
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Space Service Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Space Service Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Space Service Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Space Service Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Space Service Demand Share Forecast, 2019-2026
9. North America Space Service Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Space Service Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Space Service Market Size and Volume Forecast by Application
9.4.1. Individual
9.4.2. Group
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Space Service Market Size and Volume Forecast by Type
9.7.1. Travel Service
9.7.2. Transportation Service
9.7.3. Others
9.7.4. Space Servic
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Space Service Demand Share Forecast, 2019-2026
10. Latin America Space Service Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Space Service Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Space Service Market Size and Volume Forecast by Application
10.4.1. Individual
10.4.2. Group
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Space Service Market Size and Volume Forecast by Type
10.7.1. Travel Service
10.7.2. Transportation Service
10.7.3. Others
10.7.4. Space Servic
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Space Service Demand Share Forecast, 2019-2026
11. Europe Space Service Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Space Service Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Space Service Market Size and Volume Forecast by Application
11.4.1. Individual
11.4.2. Group
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Space Service Market Size and Volume Forecast by Type
11.7.1. Travel Service
11.7.2. Transportation Service
11.7.3. Others
11.7.4. Space Servic
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth otential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Space Service Demand Share, 2019-2026
12. Asia Pacific Space Service Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Space Service Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Space Service Market Size and Volume Forecast by Application
12.4.1. Individual
12.4.2. Group
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Space Service Market Size and Volume Forecast by Type
12.7.1. Travel Service
12.7.2. Transportation Service
12.7.3. Others
12.7.4. Space Servic
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Space Service Demand Share, 2019-2026
13. Middle East & Africa Space Service Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Space Service Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Space Service Market Size and Volume Forecast by Application
13.4.1. Individual
13.4.2. Group
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Space Service Market Size and Volume Forecast by Type
13.7.1. Travel Service
13.7.2. Transportation Service
13.7.3. Others
13.7.4. Space Servic
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Space Service Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Space Service Market: Market Share Analysis
14.2. Space Service Distributors and Customers
14.3. Space Service Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Virgin Galactic
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Blue Origin
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. SpaceX
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Armadillo Aerospace
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Space Servic
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. COMPANY6
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. COMPANY7
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. COMPANY8
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. COMPANY9
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. COMPANY 10
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. COMPANY 11
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. COMPANY 12
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
