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Sub-Orbital Reusable Vehicle (SRV) Market

Focus on Application, System, and Country - Analysis and Forecast, 2021-2031

 
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The global sub-orbital reusable vehicle (SRV) market is estimated to reach $1.86 billion in 2031, at a compound annual growth rate (CAGR) of 16.89% during the forecast period 2021-2031

The top market players are Blue Origin, Equatorial Space Systems Pte Ltd., exos Aerospace Systems & Technologies, inc., Orbspace, PD AeroSpace, LTD, SpaceX, UP Aerospace Inc., Virgin Galactic.

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. 

The industry is focusing on developing technologies, platforms as well as spaceports that will enable space transportation. One of the major technologies that the industry is focusing is the reusability of space systems such as suborbital or orbital reusable vehicles.

The market segmentation in terms of application in the global sub-orbital reusable vehicle (SRV) market: Cargo Delivery, Earth Observation/Remote Sensing, Space Tourism, Satellite Deployment, and Others.

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