Spaceplane Market Scope
Ordinary planes are designed to maneuver in air, which is specifically why traditional planes cannot operate in space as due to lack of air. In current era and fast pace innovation new category of planes, spaceplanes are introduced and functional to operate in space. A spaceplane is an aircraft that can fly and glide like a plane in the atmosphere but still manoeuvring like a spacecraft in space. Spaceplanes must incorporate characteristics of both aviation and spacecraft to do this. Advances of spaceplane technology, such as the reusable spaceplane concept, have emerged. The design specifications for these new model planes called for a large vehicle size and weight, resulting in a high construction cost and unreasonable technological risk. However, with countries heavily investing in research and development due to growing applicability across industries along with multiple other factors is responsible for growth in spaceplane market globally.
The Spaceplane market study is segmented by Type (Flyby spacecraft, Orbiter spacecraft, Atmospheric spacecraft, Lander spacecraft, Penetrator spacecraft, Rover spacecraft and Others), by Application (Defense and Intelligence, Telecommunication, Space Exploration, Scientific Research and Others) and major geographies with country level break-up.
The global market is highly competitive and consists of a limited number of providers who compete with each other. The intense competition, changing consumer spending patterns, demographic trends, and frequent changes in consumer preferences pose significant opportunities for market growth. Research Analyst at AMA estimates that United States Manufacturers will contribute to the maximum growth of Global Spaceplane market throughout the predicted period.
National Aeronautics and Space Administration (United States), Boeing Company (United States), Airbus SE (Netherlands), Lockheed Martin Corporation (United States), Space Exploration Technologies Corp. (United States), Sierra Nevada Corporation (United States), Virgin Galactic (United States), ThinKom Solutions, Inc. (United States), Hiber BV (Netherlands) and Capella Space (United States) are some of the key players that are part of study coverage. Additionally, the Manufacturers which are also part of the research are Bellatrix Aerospace (India), Telesat (Canada), ST Engineering (Singapore), Astra (United States) and Dawn Aerospace B.V. (New Zealand).
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a
preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from total available market.
Segmentation Overview
AMA Research has segmented the market of Global Spaceplane market by Type, Application and Region.
On the basis of geography, the market of Spaceplane has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
On 13th March, 2021 - Virgin Galactic Launched Its New Suborbital Spaceplane “Spaceship III”, This New Spaceplane Includes Advance Technology with A Similar Design to Its Spaceshiptwo Vehicle, VSS Unity. and On 19th August, 2020 - Dawn Aerospace Introduced Latest Suborbital Spaceplane, “Mk-II Aurora”. Mk-II Aurora Is the Newest in A Series of Research Vehicles That Will One Day Launch Satellites into Orbit and Be Capable of Flying Over 100 Km Altitude, The Space-Boundary, Before Landing.
Market Trend
- Emergence of Advance Technologies such as the Reusable Spaceplane
Market Drivers
- Growing Demand for Unmanned Spacecrafts
- Increasing Space Research and Development
Opportunities
- Low Penetration in West Asian Regions
Restraints
- Risk of Malfunctions
- High Maintenance and Launch Costs
Challenges
- Lack of Skilled Professionals
Key Target Audience
Spaceplane Manufactures, New Entrants and Investors, Venture Capitalists, Government Bodies, Corporate Entities, Government and Private Research Organizations and Others