Global Space Tourism Market is expected to witness steady growth in the forecast period. Space tourism is human space travel that tends to provide tourists with the ability to become astronauts and experience space travel for recreational or business purposes. There are several kinds of space tourism including orbital tourism, suborbital tourism, and lunar tourism. Space tourism is considered expensive so now only the people with high expenditure capacity can afford it. Commercial space tourism operators are offering sub-orbital tourism to tourists as a means of delivering the experience of weightlessness to tourists who are willing to pay the premium fees. The ability to see the earth from outer space and to satisfy the curiosity of the consumer is influencing the demand for the space tourism market. The experience of traveling at high speed and having unusual experience is the driving factor for the growth of the space tourism market in the next five years.
The global space tourism market is segmented into type, product type, destination, customer, service provider, regional distribution, and company. Based on the type, the market can be bifurcated into suborbital and orbital. Sun-orbital spaceflight is a kind of spaceflight that does not complete one complete revolution or reach escape velocity. The spacecraft in sub0orbital tourism reaches outer space, but its trajectory intersects with the surface of the gravitating body from where it is launched. In orbital tourism, spaceflight circles the earth in a stable way.
The major players operating in the global space tourism market are Blue Origin, Virgin Galactic, SpaceX, Space Adventures Inc., EADS Astrium, Armadillo Aerospace, Excalibur Almaz, Space Island Group, Boeing, Zero 2 Infinity, Starchaser Industries, among others. Major companies are developing advanced technologies and launching new services to stay competitive in the market. Other competitive strategies include mergers & acquisitions and new service developments.
Years considered for this report
Historical Years2018-2021
Base Year2022
Estimated Year2023
Forecast Period2024–2028
Objective of the Study
- To analyze the historical growth of the market size of
global space tourism market from 2018 to 2021.
- To estimate and forecast the market size of global space tourism
market from 2022 to 2028 and growth rate until 2028.
- To classify and forecast global space tourism market based on type,
product type, destination, customer, service provider, regional
distribution, and company.
- To identify dominant region or segment in the global space tourism
market.
- To identify drivers and challenges for global space tourism market.
- To examine competitive developments such as expansions, new product
launches, mergers & acquisitions, etc., in global space tourism market.
- To identify and analyze the profile of leading players operating in
global space tourism market.
- To identify key sustainable strategies adopted by market players in
global space tourism market.
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MIR performed both primary as well as exhaustive secondary research for this study. Initially, MIR sourced a list of service providers across the globe. Subsequently, MIR conducted primary research surveys with the identified companies. While interviewing, the respondents were also enquired about their competitors. Through this technique, MIR could include the service providers who could not be identified due to the limitations of secondary research. MIR analyzed the service providers, distribution channels and presence of all major players across the globe.
MIR calculated the market size of
Key Target Audience
- Space Tourism service provider companies
- Market research and consulting firms
- Government bodies such as regulating
authorities and policy makers
- Organizations, forums, and alliances related
to space tourism market
The study is useful in providing answers to several critical questions that are important for the industry stakeholders such as service providers, suppliers and partners, end users, etc., besides allowing them in strategizing investments and capitalizing on market opportunities.
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Attribute
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Details
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Base
Year
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2022
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Historical
Years
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2018 –
2021
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Estimated
Year
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2022
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Forecast
Period
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2023 – 2028
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Quantitative
Units
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Revenue in
USD Million and CAGR for 2018-2022 and 2023-2028
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Report
Coverage
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Revenue
forecast, company share, competitive landscape, growth factors, and trends
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Segments
Covered
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·
Type
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Product
Type
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Destination
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Customer
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Service
Provider
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Regional
Scope
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North
America; Asia Pacific; Europe & CIS; South America; Middle East &
Africa
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Country
Scope
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United States; Canada; Mexico; China; India; Japan; Australia;
South Korea; Germany; France; United Kingdom; Italy; Spain; Brazil;
Argentina; Colombia; Saudi Arabia; UAE; South Africa;
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Key
Companies Profiled
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Blue Origin, Virgin Galactic, SpaceX, Space Adventures Inc.,
EADS Astrium, Armadillo Aerospace, Excalibur Almaz, Space Island Group,
Boeing, Zero 2 Infinity, Starchaser Industries.
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Customization
Scope
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10% free
report customization with purchase. Addition or alteration to country,
regional & segment scope.
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Pricing
and Purchase Options
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Avail
customized purchase options to meet your exact research needs. Explore purchase
options
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Delivery
Format
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PDF and Excel through Email (We can also
provide the editable version of the report in PPT/Word format on special
request)
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