Suborbital Reusable Vehicles: A 10-Year Forecast Of Market Demand Released | Aero-News Network
Aero-News Network
RSS icon RSS feed
podcast icon MP3 podcast
Subscribe Aero-News e-mail Newsletter Subscribe

Airborne Unlimited -- Recent Daily Episodes

Episode Date

Monday

Tuesday

Wednesday

Thursday

Friday

Airborne On ANN

Airborne 04.13.15

Airborne 04.14.15

Airborne 04.15.15

Airborne 04.16.15

Airborne 04.17.15

Airborne Hi-Def On YouTube

Airborne 04.13.15

Airborne 04.14.15

Airborne 04.15.15

Airborne 04.16.15

Airborne 04.17.15

Thu, Aug 02, 2012

Suborbital Reusable Vehicles: A 10-Year Forecast Of Market Demand Released

Space Florida And The FAA See 'Great Promise' In The Sunshine State

Space Florida – the State of Florida’s spaceport authority and aerospace economic development agency – and the FAA's Office of Commercial Space (FAA-AST) – partnered in November 2011 to commission a study prepared by The Tauri Group, on the forecast 10-year demand for suborbital reusable vehicles. The research and analysis-focused process is considered a conservative first analysis of the suborbital flight segments for personal spaceflight and science missions. The analysis included interviewing 120 potential users and providers; polling 60 researchers; and assessing budgets, market studies, and other data. A structured survey of more than 200 ultra-high net-worth individuals was also conducted. The results of that study are being made available to the public today via the Space Florida and FAA websites.

“Suborbital Reusable Vehicles: A 10-Year Forecast of Market Demand” defined some of the more likely market segments with the most potential for utilization of the suborbital launch capabilities including commercial human spaceflight, basic and applied research, satellite deployment, education, aerospace technology test and demonstration and media/advertising.

The study limited the target demographic to focus primarily on ultra-high net worth individuals, which ensured a conservative approach to the forecast. The results, which also identified ways the government and commercial sector could impact the industry, revealed that the suborbital market could be worth up to $1.6 Billion over the next 10 years.

“This study reveals great promise for the suborbital spaceflight industry,” noted Space Florida President and CEO Frank DiBello (pictured, below) . “Florida has made significant investments to jumpstart growth in suborbital spaceflight through direct investments in suborbital companies, spaceport infrastructure, purchase of launch services, and developing the market through a flight incentive program.”

Facilities that are prepped for launch in Florida include Cecil Field Spaceport, Launch Complex and Kennedy Space Center’s Shuttle Landing Facility.

FMI: www.spaceflorida.gov


Advertisement

More News

Garmin Enhances New And Existing G500 And G600 Glass Flight Display Systems

ADS-B Display Capability, Faster & Modernized Mapping Now Included Garmin has rolled out enhanced capability and an expanded feature set for the G500/G600 glass flight display >[...]

Airborne 04.17.15: DC Gyroplane Fallout, ICAS Airshow Update, Message To Space

Also: Blue Origin, Flying Cucumber?, BBJ Combi, NetJets Partners w/Ohio State, ExIm Helo Deal, Long-Range Navy UAS Obviously, the stunt pulled by Douglas Hughes of Ruskin, Florida >[...]

Airborne 04.16.15: Record-Setting AEA15, 9000 RVs!!!, ULA's 'Vulcan'

Also: DJI Phantom 3, API Update, Skyhawks In China, Air Methods Fined, Naming Pluto Features, Era Group Sale The 58th annual Aviation Electronics Association International Conventi>[...]

Airborne 04.17.15: DC Gyroplane Fallout, ICAS Airshow Update, Message To Space

Also: Blue Origin, Flying Cucumber?, BBJ Combi, NetJets Partners w/Ohio State, ExIm Helo Deal, Long-Range Navy UAS Obviously, the stunt pulled by Douglas Hughes of Ruskin, Florida >[...]

ANN's Daily Aero-Linx (04.18.15)

Seaplane Pilots Association The public section of the website for the Seaplane Pilots Association makes available hundreds of articles and discussions about seaplane Training, Advo>[...]

blog comments powered by Disqus



Advertisement

Advertisement

Podcasts

Advertisement

© 2007 - 2015 Web Development & Design by Pauli Systems, LC