Space Tourism Market is valued at USD 821.39 Million in 2021 and is projected to reach USD 1,956.48 Million by 2028, growing at a CAGR of 13.2% over the forecast period 2022- 2028.
Space tourism is a space journey for recreation, business, or leisure purpose. Only orbital space tourism has been supported by the Russian Space Agency to date, while Blue Origin and Virgin Galactic are working on developing sub-orbital space tourism vehicles. In addition, SpaceX revealed in 2017 that in 2018, they intend to launch two space tourists on a lunar free return trajectory aboard their Dragon V2 spacecraft, which will be launched by the Falcon Heavy rocket.
The key market players for the global Space Tourism Market are listed below:
Space Adventures, EADS Astrium, Virgin Galactic, Armadillo Aerospace, Excalibur Almaz,Space Island Group,SpaceX,Boeing,Zero 2 Infinity
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The latest research on the Space Tourism market provides a comprehensive overview of the market for the years 2022 to 2030. It gives a comprehensive picture of the global Space Tourism industry, considering all significant industry trends, market dynamics, competitive landscape, and market analysis tools such as Porter's five forces analysis, Industry Value chain analysis, and PESTEL analysis of the Space Tourism market. Moreover, the report includes significant chapters such as Patent Analysis, Regulatory Framework, Technology Roadmap, BCG Matrix, Heat Map Analysis, Price Trend Analysis, and Investment Analysis which help to understand the market direction and movement in the current and upcoming years. The report is designed to help readers find information and make decisions that will help them grow their businesses. The study is written with a specific goal in mind: to give business insights and consultancy to help customers make smart business decisions and achieve long-term success in their particular market areas.
Segmentation of Space Tourism market:
The analysis also divides the Space Tourism Market on the Service Providers:
Altitude Jet FIghter Flights, Aircraft Replacement Flights, Atmospheric Zero-Gravity Flights
The analysis also divides the Space Tourism Market on the Product:
Altitude Jet FIghter Flights,Aircraft Replacement Flights,Atmospheric Zero-Gravity Flights
The analysis also divides the Space Tourism Market on the Type:
Suborbital,Orbital
Market Segment by Regions and Countries Level Analysis:
§ North America (U.S., Canada, Mexico)
§ Eastern Europe (Bulgaria, The Czech Republic, Hungary, Poland, Romania, Rest of Eastern Europe)
§ Western Europe (Germany, U.K., France, Netherlands, Italy, Russia, Spain, Rest of Western Europe)
§ Asia-Pacific (China, India, Japan, South Korea, Malaysia, Thailand, Vietnam, The Philippines, Australia, New Zealand, Rest of APAC)
§ Middle East & Africa (Turkey, Saudi Arabia, Bahrain, Kuwait, Qatar, UAE, Israel, South Africa)
§ South America (Brazil, Argentina, Rest of SA)
The Analysts have distributed the Space Tourism Market across different geographies such as North America, Latin America, Asia Pacific, Africa and India for detailed market study. The financial aspects of the business are also carefully studied, referring to several attributes such as price, profit margin and sales by region for the forecast period 2022-2030.
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Currently, a number of commercial suborbital spacecraft with a variety of capabilities are being developed. The Suborbital Applications Research Group (SARG) was established by the Commercial Spaceflight Federation to raise awareness of the research and education potential of the suborbital reusable launch vehicles in growth. In addition, the National Aerospace Training and Research Center (NASTAR) and the Southwest Research Institute (SwRI) collaborated to develop a suborbital space scientist training course in advance of human-assisted studies on commercial suborbital vehicles. These policies would almost certainly have a positive influence on the global space tourism market.
Reasons to Buy this Space Tourism Market Report:
The study consists of analytical details of the worldwide Space Tourism market with current trends and future estimates parenthetically the upcoming investment pocket.
Global Space Tourism market potential is set by understanding profitableness trends so as to achieve a stronger coverage within the market.
This report on the Space Tourism market provides info on key impact factors, limitations, and opportunities beside careful impact analysis.
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