In June 2020, the Indian Government made a historic move by setting up IN-SPACe, an organisation aimed at increasing the participation of private players in the Indian space industry.

According to the report, Increasing role of Private sector in Space Exploration is one of the primary growth factors for the market. Increasing Number of Satellite Constellations for Applications is also expected to contribute significantly to the Private Space market. Overall, Business Use applications of Private Space, and the growing awareness of them, is what makes this segment of the industry important to its overall growth.

New technologies and major shifts in the industry will be game-changing factors that all players have to react now in order to maintain strong positions in the future. As many industry experts agree that significant changes are ahead. AMA’s Analyst on the Global Private Space market identified that the demand is rising in many different parts of the world as "Increased Privatization of Space activities has brought about a new Generation of Space Companies". Furthermore, some recent industry insights like "In 2022, Virgin Galactic announced that ticket sales will open to the general public starting on February 16, providing the opportunity to purchase one of the initial spaceflight reservations and secure membership in the unique community of Future Astronauts." which is constantly making the industry very dynamic.

The report provides an in-depth analysis and forecast about the industry covering the following key features:
o Industry outlook including current and future market trends, drivers, restraints, and emerging technologies
o Analyses the Global Private Space market according to Type, Application, and regions
o Analyzes the top 10 players in terms of market reach, business strategy, and business focus
o Provides stakeholders’ insights and key drivers & trends of the market

**The market is valued based on weighted average selling price (WASP) and includes any applicable taxes on manufacturers. All currency conversions used in the creation of this report have been calculated using constant annual average 2022 currency rates.

Market Size Estimation
In market engineering method, both top-down and bottom-up approaches have been used, along with various data triangulation process, to predict and validate the market size of the Private Space market and other related sub-markets covered in the study.

o Key & emerging players in the market have been observed through secondary research.
o The industry’s supply chain and overall market size, in terms of value, have been derived through primary and secondary research processes.
o All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources.

Data Triangulation
The overall Private Space market size is calculated using market estimation process, the Private Space market was further split into various segments and sub-segments. To complete the overall market engineering and arriving at the exact statistics for all segments and sub-segments, the market breakdown and data triangulation procedures have been utilized, wherever applicable. The data have been triangulated by studying various influencing factors and trends identified from both demand and supply sides of various applications involved in the study. Along with this, the Global Private Space market size has been validated using both top-down and bottom-up approaches.