Global Sub-Orbital Testing Services Market to Reach $178.1 Million by 2032

1 month ago IT News Online

Global Sub-Orbital Testing Services Market to Reach $178.1 Million by 2032 - Exclusive DeepTech M-A-P™ Analysis by BIS Research


Copyright 2022 PR Newswire. All Rights Reserved2023-02-16

FREMONT, Calif., Feb. 16, 2023 /PRNewswire/ -- As more service providers are entering the market with cost-effective services, the cost of the sub-orbital missions is expected to decrease in the forecast period. BIS_Research_Logo

BIS Research, the global leader in providing market intelligence on deep technologies, has released its latest study titled Sub-Orbital Testing Services Market – A Global and Regional Analysis. 

According to this study, the global sub-orbital testing services market was valued at $122.4 million in 2022 and is projected to reach $178.1 million by 2032.

The following factors are responsible for the increase in demand for sub-orbital testing services:

Need for microgravity testing servicesLimitations of terrestrial testing service capabilities

The detailed study is a compilation of 93 market data tables and 20 figures spread through 146 pages.

Check out the detailed table of content here    

Analyst's Take on the Market Projection

According to Arunkumar Sampathkumar, Principal Analyst, BIS Research, "Multiple small-satellite operators are entering the space markets, and many of them are utilizing commercial-off-the-shelf components which are not necessarily built for space applications. This imposes a relatively higher risk of system failure on those missions. While microgravity testing can help them evaluate their systems before launch, the prohibitive cost of suborbital flights has kept them away from this market. However, multiple launch service providers are developing new platforms to provide affordable microgravity test opportunities to the space market participants. With the launch costs coming down, this market is expected to grow over the long term." Request a FREE sample of this report here       

Payload Capacity Segment of 501 Kg and Above to Witness Fastest Growth

The market of sub-orbital testing services has witnessed many successful sub-orbital launches carrying a payload to be tested in high-quality microgravity conditions. The companies offering sub-orbital testing services focus on high mission frequency and low costs. There are companies that are developing reusable sub-orbital platforms such as sub-orbital reusable launch vehicles and fixed-winged parabolic platforms for operating multiple times.

As per the study conducted by BIS Research, due to the more payload capacity offered by the companies in developing larger sub-orbital launch platforms, the higher segment of 501 kg and above payload capacity is expected to witness a gradual growth during the forecast period of 2022-2032. 

Major Existing Industry Leaders in the Sub-Orbital Testing Services Market

The companies that are profiled have been selected based on input gathered from primary experts and analyzing company coverage, product portfolio, and market penetration. Some of the established names in the market are Aerostar, Blue Origin, bluShift Aerospace, Inc., Dawn Aerospace, Equatorial Space Inc., Exos Aerospace Systems & Technologies, Inc., Interstellar Technologies Inc., Near Space Corporation, PD AeroSpace, ltd., PLD Space, Skyrora Limited, SpinLaunch, UP Aerospace, Virgin Galactic, and World View Enterprises, Inc.

Recent Developments in the Global Sub-Orbital Testing Services Market In

November 2022

, Virgin Galactic signed an agreement with Axiom Space, a commercial space company, to provide microgravity research and training. The company would provide Axiom's astronauts a trip to the sub-orbit region to train them for future long-duration space missions.In

July 2022

, Virgin Galactic signed a contract with Boeing Subsidiary Aurora Flight Sciences to partner in developing the company's new motherships. The Aurora Flight services would build the two motherships capable of conducting 200 launches a year, carrying Virgin's Spaceship to an altitude of 50,000 and releasing it.

Additionally, World View Enterprises, Inc, under collaboration with the National Aeronautics and Space Administration (NASA), will provide high-altitude balloon services to the winner of NASA's TechRise Student Challenge. The company will carry students' scientific/technology experiments to the edge of space on its stratospheric balloon platform.

Want to learn more about the latest trends in spacetech? Speak to our analysts

Exclusive DeepTech MAP™ Analysis for Aersospace by BIS Research:

Sub-Orbital Space Tourism Market

Global Space Propulsion System Market

About BIS Research: 

BIS Research is a global B2B market intelligence and advisory firm focusing on deep technology and related emerging trends which can disrupt the market dynamics in the near future. We publish more than 200 market intelligence studies annually that focus on several deep technology verticals. 

Our strategic market analysis emphasizes on market estimations, technology analysis, emerging high-growth applications, deeply segmented granular country-level market data, and other important market parameters useful in the strategic decision-making for senior management. 

BIS Research offers syndicate as well as custom studies and expert consultations to firms, providing them with specific and actionable insights on novel technology markets, business models, and competitive landscapes. 

Contact:Head of Marketing
Email: [email protected]
BIS Research Inc.
FREMONT, CA 94538-1686
Visit our Blog @ 
Get Expert Insights @ https://community.insightmonk.comConnect with us on LinkedIn @ with us on [email protected]


Cision View original content:
Continue reading...

Read On "IT News Online"
More News On "IT News Online"
25 days ago - Alameda County landlords owed thousands in rent, call for an end to eviction moratorium 25 days ago - Monday Feb. 27 COVID-19 update: 4 deaths in Douglas County 25 days ago - State basketball preview: 6A, 5A tournaments return to Weber State’s Dee Events Center this week 25 days ago - One Wealth Advisors LLC invests in Enovix Co. (NASDAQ:ENVX) 26 days ago - Uncommon length makes Pleasant Valley’s 2-3 a no-scoring zone 26 days ago - Study: Back-to-back hurricanes likely to come more often 26 days ago - What’s Happening Vegas? – March 2023 26 days ago - Osceola County community events calendar for 03/01/2023 26 days ago - North Adams, East Clinton, Unioto still alive 26 days ago - North Korea holds rare meeting on farming amid food shortage 26 days ago - 'Dilbert,' Scott Adams lose distributor over racist remarks 26 days ago - Soap or phone call? Colo. lawmakers want to make prison phone calls free 26 days ago - EXPLAINER: Windstorm was likely a derecho. What is that? 26 days ago - What's Happening in Las Vegas for this Year's March Madness 26 days ago - Outsmarting humans just one step for AI video game players 26 days ago - 'Cocaine Bear' gets high with $23.1M, 'Ant-Man' sinks fast 26 days ago - 'Everything Everywhere All at Once' dominates at SAG Awards 26 days ago - Digital Transformation: The Revolutionary Impact of Technology in Africa 26 days ago - ShotSpotter (NASDAQ:SSTI) Price Target Increased to $44.00 by Analysts at Lake Street Capital 26 days ago - Season 3 of Outer Banks disappoints critics; watch only if you were a die-hard fan of earlier seasons, they suggest 26 days ago - Board Game and Card Game Market Size in 2023 with [ STATISTICS FIGURES] Future Development Status and Forecast up to 2029 26 days ago - Tabletop Gaming Market Size in 2023 NEW TECHNOLOGICAL DEVELOPMENT and Latest Innovation in Analytics Sector till 2029 26 days ago - Celona Offers Most Comprehensive Private 5G Solutions for U.S. and Foreign Markets 26 days ago - ShotSpotter, Inc. (NASDAQ:SSTI) to Post Q1 2023 Earnings of ($0.03) Per Share, Northland Capmk Forecasts 26 days ago - Asian shares track Wall Street decline on hot economic data 27 days ago - Final Nebraska high school swimming and diving season leaders 27 days ago - Girls BB: Saluting Section Champions 27 days ago - Tens of thousands protest Mexico electoral reforms 27 days ago - Third finals appearance the charm for Hortonville's Skebba; Stoffel makes history for Appleton North 27 days ago - Medical Blades Market Business Opportunities, Top Players and Forecast 2030 27 days ago - Central College Dutch Sports Update – 2/26/2023 27 days ago - Buhro takes individual crown as Oak Harbor earns sectional championship 27 days ago - Nebraska conservatives set sights on education takeover – Associated Press 27 days ago - Back-to-back: Minico successfully defends 4A state wrestling championship 27 days ago - Here are Saturday's high school sports results 28 days ago - Farewell, Fontana: NASCAR's last weekend at a racing gem 28 days ago - Kansas Democrats pick Repass as their new chair despite campaign baggage 28 days ago - Tesla’s Global Engineering HQ in Palo Alto — Opening Party Highlights (Pics, Videos, Quotes) 28 days ago - San Ann'as Pizza and Mexican celebrating 45th anniversary 28 days ago - L.A. on the Record: The Senate takes one more look at Garcetti 28 days ago - Dodge County real estate transfers 28 days ago - How UNL instructors are tackling the emergence of ChatGPT and other AI in higher education 28 days ago - Some Democratic-led states seek to bolster voter protections 28 days ago - Casey Vaughan: Only rain should go down a storm drain 28 days ago - Nebraska conservatives set sights on education takeover 28 days ago - West Michigan Conference basketball: Girls and boys roundup from Feb. 24, 2023 – CatchMark Sports 28 days ago - Jeff Yost: Look Upstream 28 days ago - Brokers Set Expectations for ShotSpotter, Inc.'s Q4 2023 Earnings (NASDAQ:SSTI) 28 days ago - Building affordable homes in Fremont 28 days ago - Local chef to open farm-to-table eatery in Fremont 28 days ago - Jeanna Wilcoxen Murder: Where Is Jeremiah Connelly Now? 28 days ago - More than 70 soldiers killed in Burkina Faso, extremists say 28 days ago - Clyde Council to consider citizens raising chickens in town 28 days ago - Wilhelm: More on Jacksons, Willow Hill and efforts to share insight into African American history 28 days ago - STATE HIGH SCHOOL WRESTLING TOURNAMENTS: Crowded at the top ... Trojans third, but well within striking distance in 5A tournament 28 days ago - Bulldog wrestlers have solid day at state 28 days ago - High school boys basketball: 6A/5A second round recap 28 days ago - Head-To-Head Analysis: Amprius Technologies (NYSE:AMPX) & Novanta (NASDAQ:NOVT) 28 days ago - Here are Friday's high school sports results 28 days ago - It’s Official: California Will Be Tesla’s Engineering & AI Headquarters
free geoip