PUBLISHER: Grand View Research | PRODUCT CODE: 1147609
PUBLISHER: Grand View Research | PRODUCT CODE: 1147609
Parabolic Flight Tourism Market Size, Share & Trends Analysis Report By Application (Scientific Research & Exploration, Leisure), By End User (Government, Commercial), By Region, And Segment Forecasts, 2022 - 2030
Parabolic Flight Tourism Market Growth & Trends:
The global parabolic flight tourism market size is expected to reach USD 249.4 million by 2030, according to a new report by Grand View Research, Inc. The market is anticipated to expand at a CAGR of 35.5% from 2022 to 2030. To simulate gravity-free conditions in an airplane, parabolic flights alternate downward and upward arcs with periods of level flight. They provide a microgravity environment for researchers to work in without having to travel to space. Short-term technological and scientific research in lower gravity benefits from the use of parabolic flights. Instead of lengthy astronaut training and trips to the International Space Station, these flights offer the ideal approach for people to experiment in microgravity. Parabolic flights are frequently used to train astronauts and validate space instruments before spaceflight. A standard parabolic flight campaign delivers thirty periods of weightlessness per flight, with three flights operated weekly.
The industry has significantly evolved across Europe, the U.S., and Asia Pacific owing to the accessibility of commercial space launches, launch facilities, technological breakthroughs, and parabolic flight tourism. The parabolic flight tourism market is consolidated, with a few players capturing and dominating a significant share of the overall market. Companies are experimenting with parabolic flights by retrofitting aircraft. The European Space Agency is one such organization that is into retrofitting airplanes for conducting parabolic flights. As the market is anticipated to grow at an exponential rate in the coming years, the companies have invested an enormous sum of the amount.
The Space Exploration Initiative has grown to more than fifty faculties, staff, and graduate students and accords an annual ZERO-G parabolic flight for up to fifteen projects and twenty-five researchers. Initially scheduled for May 2020, this flight was delayed due to the COVID-19 pandemic, and eventually able to fly on May 20, 2021, just a few days before the regularly scheduled 2021 flight. The projects were tested over multiple microgravity parabolas (which include two lunar parabolas and two Martian). This task included participation from various departments at MIT and external collaborators from across the world in the mission to democratize admission to space; this mission is a core milestone in the plan of iterative microgravity testing (ISS launches, suborbital launches, parabolic flights) that the Space Exploration Initiative embarks throughout the year. The Initiative unites scientists, engineers, designers, and artists to prototype the space future.
In April 2022, AstroAccess, an organization encouraging disability inclusion in space exploration, announced they would be flying the 2nd cohort of Disabled Ambassadors on a flight of Zero Gravity Corporation to investigate microgravity accessibility solutions and experience weightlessness. AstroAccess Flight 2 will take place on November 19, 2022, in Fort Lauderdale, Florida. In September 2022, SpaceLand, one of the non-governmental weightless research and development agencies focused on space-related training and educational programs, partnered with 0-G Launch, a contributor of high-precision microgravity assistance aircraft and creative Space Jet horizontal rocket air-launch, to commence zero-gravity parabolic flights from Italy, Switzerland, and Mauritius helping STEM (Science, Technology, Engineering, and Mathematics) user tourists and communities in respective continents, at distinctive quality against cost ratios.
Parabolic Flight Tourism Market Report Highlights:
- Parabolic flight tourism is like any other type of expensive tourism. Wealthy families, affluent individuals, and anyone with enough money who wants a different experience are eager to pay for parabolic flight tourism on the condition that it is safe
- In October 2021, ZERO-G (Zero Gravity Corporation) was awarded a contract by NASA to be their first FAA-approved and commercially operated parabolic flight, provider
- The contract is an IDIQ (Indefinite Delivery, Indefinite Quantity) for up to USD 7.5 million over five years. The award is significant because it enables the corporation to sell ZERO-G research flights directly to all NASA Centers and other governmental organizations around the nation
- The scientific research and exploration segment is expected to hold the largest market share and expand at a CAGR of 35.0% from 2022 to 2030
- The commercial segment is projected to grow at the highest CAGR over the forecast period
- The U.S., France, and Japan are the main source markets for parabolic flight tourism
- Key market players include Zero Gravity Corporation, Novespace, and MiGFlug GmbH
Table of Contents
Chapter 1. Methodology and Scope
- 1.1. Research Methodology
- 1.2. Research Scope and Assumptions
- 1.3. List of Data Sources
- 1.4. List of Abbreviations
Chapter 2. Executive Summary
- 2.1. Market Insights
- 2.2. Market Snapshot
- 2.3. Segmental Insights
- 2.4. Parabolic Flight Tourism Market Revenue Estimates, 2020 - 2030
Chapter 3. Market Variables, Trends, & Scope Outlook
- 3.1. Market Segmentation
- 3.2. Parabolic Flight Tourism Market Size & Growth Prospects
- 3.3. Parabolic Flight Tourism Market - Value Chain Analysis
- 3.4. Parabolic Flight Tourism Market Dynamics
- 3.4.1. Market Driver Analysis
- 3.4.2. Market Restraint Analysis
- 3.4.3. Market Opportunity Analysis
- 3.5. Parabolic Flight Tourism Penetration & Growth Prospects Mapping
- 3.6. Parabolic Flight Tourism Market - Porter's Five Forces Analysis
- 3.6.1. Supplier power
- 3.6.2. Buyer power
- 3.6.3. Substitution threat
- 3.6.4. Threat from new entrant
- 3.6.5. Competitive rivalry
- 3.7. Parabolic Flight Tourism Market - PEST Analysis
- 3.7.1. Political landscape
- 3.7.2. Economic landscape
- 3.7.3. Social landscape
- 3.7.4. Technology landscape
- 3.8. COVID-19 Impact Analysis
Chapter 4. Parabolic Flight Tourism Market Application Outlook
- 4.1. Parabolic Flight Tourism Market, By Application Analysis & Market Share, 2021 & 2030
- 4.2. Scientific Research and Exploration
- 4.2.1. Market estimates and forecasts, 2020 - 2030 (USD Million)
- 4.2.2. Market estimates and forecasts, By Region, 2020 - 2030 (USD Million)
- 4.3. Leisure
- 4.3.1. Market estimates and forecasts, 2020 - 2030 (USD Million)
- 4.3.2. Market estimates and forecasts, By Region, 2020 - 2030 (USD Million)
- 4.4. Others
- 4.4.1. Market estimates and forecasts, 2020 - 2030 (USD Million)
- 4.4.2. Market estimates and forecasts, By Region, 2020 - 2030 (USD Million)
Chapter 5. Parabolic Flight Tourism Market End-user Outlook
- 5.1. Parabolic Flight Tourism Market, By End-user Analysis & Market Share, 2021 & 2030
- 5.2. Government
- 5.2.1. Market estimates and forecasts, 2020 - 2030 (USD Million)
- 5.2.2. Market estimates and forecasts, By Region, 2020 - 2030 (USD Million)
- 5.3. Commercial
- 5.3.1. Market estimates and forecasts, 2020 - 2030 (USD Million)
- 5.3.2. Market estimates and forecasts, By Region, 2020 - 2030 (USD Million)
Chapter 6. Parabolic Flight Tourism Market: Regional Estimates & Trend Analysis
- 6.1. Parabolic Flight Tourism Market Share by Region, 2021 & 2030
- 6.2. North America
- 6.2.1. Market estimates and forecasts, 2020 - 2030
- 6.2.2. Market estimates and forecasts, By Application, 2020 - 2030 (USD Million)
- 6.2.3. Market estimates and forecasts, By End-user, 2020 - 2030 (USD Million)
- 6.2.4. U.S.
- 6.2.4.1. Market estimates and forecasts, By Application, 2020 - 2030 (USD Million)
- 6.2.4.2. Market estimates and forecasts, By End-user, 2020 - 2030 (USD Million)
- 6.2.5. Canada
- 6.2.5.1. Market estimates and forecasts, By Application, 2020 - 2030 (USD Million)
- 6.2.5.2. Market estimates and forecasts, By End-user, 2020 - 2030 (USD Million)
- 6.3. Europe
- 6.3.1. Market estimates and forecasts, 2020 - 2030
- 6.3.2. Market estimates and forecasts, By Application, 2020 - 2030 (USD Million)
- 6.3.3. Market estimates and forecasts, By End-user, 2020 - 2030 (USD Million)
- 6.3.4. France
- 6.3.4.1. Market estimates and forecasts, By Application, 2020 - 2030 (USD Million)
- 6.3.4.2. Market estimates and forecasts, By End-user, 2020 - 2030 (USD Million)
- 6.3.5. Germany
- 6.3.5.1. Market estimates and forecasts, By Application, 2020 - 2030 (USD Million)
- 6.3.5.2. Market estimates and forecasts, By End-user, 2020 - 2030 (USD Million)
- 6.3.6. U.K.
- 6.3.6.1. Market estimates and forecasts, By Application, 2020 - 2030 (USD Million)
- 6.3.6.2. Market estimates and forecasts, By End-user, 2020 - 2030 (USD Million)
- 6.4. Asia Pacific
- 6.4.1. Market estimates and forecasts, 2020 - 2030
- 6.4.2. Market estimates and forecasts, By Application, 2020 - 2030 (USD Million)
- 6.4.3. Market estimates and forecasts, By End-user, 2020 - 2030 (USD Million)
- 6.4.4. China
- 6.4.4.1. Market estimates and forecasts, By Application, 2020 - 2030 (USD Million)
- 6.4.4.2. Market estimates and forecasts, By End-user, 2020 - 2030 (USD Million)
- 6.4.5. Japan
- 6.4.5.1. Market estimates and forecasts, By Application, 2020 - 2030 (USD Million)
- 6.4.5.2. Market estimates and forecasts, By End-user, 2020 - 2030 (USD Million)
- 6.4.6. India
- 6.4.6.1. Market estimates and forecasts, By Application, 2020 - 2030 (USD Million)
- 6.4.6.2. Market estimates and forecasts, By End-user, 2020 - 2030 (USD Million)
- 6.5. Latin America
- 6.5.1. Market estimates and forecasts, 2020 - 2030
- 6.5.2. Market estimates and forecasts, By Application, 2020 - 2030 (USD Million)
- 6.5.3. Market estimates and forecasts, By End-user, 2020 - 2030 (USD Million)
- 6.5.4. Brazil
- 6.5.4.1. Market estimates and forecasts, By Application, 2020 - 2030 (USD Million)
- 6.5.4.2. Market estimates and forecasts, By End-user, 2020 - 2030 (USD Million)
- 6.6. Middle East & Africa
- 6.6.1. Market estimates and forecasts, 2020 - 2030
- 6.6.2. Market estimates and forecasts, By Application, 2020 - 2030 (USD Million)
- 6.6.3. Market estimates and forecasts, By End-user, 2020 - 2030 (USD Million)
Chapter 7. Competitive Analysis
- 7.1. Recent Developments and Impact Analysis, by Key Market Participants
- 7.2. Company/Competition Categorization (Key Innovators, Market Leaders, Emerging, Niche Players)
- 7.3. Vendor Landscape
- 7.3.1. Key company market share analysis, 2021
- 7.4. Company Analysis Tools
- 7.4.1. Market Position Analysis
- 7.4.2. Competitive Dashboard Analysis
Chapter 8. Competitive Landscape
- 8.1. Company Profiles
- 8.2. Zero Gravity Corporation
- 8.2.1. Company overview
- 8.2.2. Financial performance
- 8.2.3. Type benchmarking
- 8.2.4. Strategic initiatives
- 8.3. Novespace
- 8.3.1. Company overview
- 8.3.2. Type benchmarking
- 8.3.3. Strategic initiatives
- 8.4. MiGFlug GmbH
- 8.4.1. Company overview
- 8.4.2. Type benchmarking
- 8.4.3. Strategic initiatives
- 8.5. Beings Systems
- 8.5.1. Company overview
- 8.5.2. Type benchmarking
- 8.5.3. Strategic initiatives
- 8.6. Space Adventures
- 8.6.1. Company overview
- 8.6.2. Type benchmarking
- 8.6.3. Strategic initiatives
- 8.7. Airbus
- 8.7.1. Company overview
- 8.7.2. Financial performance
- 8.7.3. Type benchmarking
- 8.7.4. Strategic initiatives
- 8.8. Vegitel
- 8.8.1. Company overview
- 8.8.2. Financial performance
- 8.8.3. Type benchmarking
- 8.8.4. Strategic initiatives
- 8.9. ASTRAX IMAGINE, Inc.
- 8.9.1. Company overview
- 8.9.2. Type benchmarking
- 8.9.3. Strategic initiatives
List of Tables
- Table 1 Global parabolic flight tourism market, 2020 - 2030 (USD Million)
- Table 2 Global market estimates and forecasts by region, 2020 - 2030 (USD Million)
- Table 3 Global market estimates and forecasts by application, 2020 - 2030 (USD Million)
- Table 4 Global market estimates and forecasts by end-user, 2020 - 2030 (USD Million)
- Table 5 Global scientific research and exploration Parabolic Flight Tourism market by region, 2020 - 2030 (USD Million)
- Table 6 Global leisure parabolic flight tourism market by region, 2020 - 2030 (USD Million)
- Table 7 Global government parabolic flight tourism market by region, 2020 - 2030 (USD Million)
- Table 8 Global commercial parabolic flight tourism market by region, 2020 - 2030 (USD Million)
- Table 9 North America parabolic flight tourism market by application, 2020 - 2030 (USD Million)
- Table 10 North America parabolic flight tourism market by end-user, 2020 - 2030 (USD Million)
- Table 11 U.S. parabolic flight tourism market by application, 2020 - 2030 (USD Million)
- Table 12 U.S. parabolic flight tourism market by end-user, 2020 - 2030 (USD Million)
- Table 13 Canada parabolic flight tourism market by application, 2020 - 2030 (USD Million)
- Table 14 Canada parabolic flight tourism market by end-user, 2020 - 2030 (USD Million)
- Table 15 Europe parabolic flight tourism market by application, 2020 - 2030 (USD Million)
- Table 16 Europe parabolic flight tourism market by end-user, 2020 - 2030 (USD Million)
- Table 17 France parabolic flight tourism market by application, 2020 - 2030 (USD Million)
- Table 18 France parabolic flight tourism market by end-user, 2020 - 2030 (USD Million)
- Table 19 Germany parabolic flight tourism market by application, 2020 - 2030 (USD Million)
- Table 20 Germany parabolic flight tourism market by end-user, 2020 - 2030 (USD Million)
- Table 21 U.K. parabolic flight tourism market by application, 2020 - 2030 (USD Million)
- Table 22 U.K. parabolic flight tourism market by end-user, 2020 - 2030 (USD Million)
- Table 23 Asia Pacific parabolic flight tourism market by application, 2020 - 2030 (USD Million)
- Table 24 Asia Pacific parabolic flight tourism market by end-user, 2020 - 2030 (USD Million)
- Table 25 China parabolic flight tourism market by application, 2020 - 2030 (USD Million)
- Table 26 China parabolic flight tourism market by end-user, 2020 - 2030 (USD Million)
- Table 27 India parabolic flight tourism market by application, 2020 - 2030 (USD Million)
- Table 28 India parabolic flight tourism market by end-user, 2020 - 2030 (USD Million)
- Table 29 Japan parabolic flight tourism market by application, 2020 - 2030 (USD Million)
- Table 30 Japan parabolic flight tourism market by end-user, 2020 - 2030 (USD Million)
- Table 31 Latin America parabolic flight tourism market by application, 2020 - 2030 (USD Million)
- Table 32 Latin America parabolic flight tourism market by end-user, 2020 - 2030 (USD Million)
- Table 33 Brazil parabolic flight tourism market by application, 2020 - 2030 (USD Million)
- Table 34 Brazil parabolic flight tourism market by end-user, 2020 - 2030 (USD Million)
- Table 35 Middle East and Africa parabolic flight tourism market by application, 2020 - 2030 (USD Million)
- Table 36 Middle East and Africa parabolic flight tourism market by end-user, 2020 - 2030 (USD Million)
List of Figures
- Fig. 1 Parabolic Flight Tourism market segmentation and scope
- Fig. 2 Parabolic Flight Tourism market, 2020 - 2030 (USD Million)
- Fig. 3 Application segmental Insights
- Fig. 4 End-user segmental Insights
- Fig. 5 Value chain analysis
- Fig. 6 Parabolic Flight Tourism market driver impact
- Fig. 7 Parabolic Flight Tourism market restraint impact
- Fig. 8 Parabolic Flight Tourism market opportunity impact
- Fig. 9 Parabolic Flight Tourism penetration and growth prospects mapping
- Fig. 10 Parabolic Flight Tourism market - Porter's five forces analysis
- Fig. 11 Parabolic Flight Tourism market - PEST analysis
- Fig. 12 Parabolic Flight Tourism market, By Application, 2021 & 2030 (USD Million)
- Fig. 13 Parabolic Flight Tourism market, By End-user, 2021 & 2030 (USD Million)
- Fig. 14 North America Parabolic Flight Tourism market - Key takeaways
- Fig. 15 Europe Parabolic Flight Tourism market - Key takeaways
- Fig. 16 Asia Pacific Parabolic Flight Tourism market - Key takeaways
- Fig. 17 Latin America Parabolic Flight Tourism market - Key takeaways
- Fig. 18 MEA Parabolic Flight Tourism market - Key takeaways
