PUBLISHER: TechSci Research | PRODUCT CODE: 1105759
PUBLISHER: TechSci Research | PRODUCT CODE: 1105759
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Global space tourism market is expected to witness growth at a steady CAGR during the forecast period, 2023-2027. Factors such as the shift in preference of consumers to spend on once-in-a-lifetime experiences and the growing commercialization of the space tourism industry are driving the demand for the global space tourism market. The practice of taking tourists into space for leisure or professional purposes to give them the chance to experience life as an astronaut is included in space tourism services. Space tourism comes in a variety of forms, including orbital, suborbital, and lunar tourism. Since space travel is now deemed pricey, only those with considerable spending power can afford it.
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 is bifurcated into suborbital and orbital. One type of spaceflight that doesn't make one full rotation or achieve escape velocity is sun-orbital spaceflight. In suborbital tourism, the spacecraft travels to the outer solar system but on a trajectory that collides with the surface of the gravitational body from which it was launched. Space travel orbits the earth steadily in orbital tourism. Ongoing advancements in the space tourism industry and the high-end investments by public and private players to upgrade space tourism are expected to influence the market demand positively.
The major global space tourism market players are Blue Origin, Virgin Galactic, SpaceX, Space Adventures Inc., EADS Astrium, Armadillo Aerospace, Excalibur Almaz, Space Island Group, Boeing, Zero 2 Infinity, and Starchaser Industries, among others.
Years considered for this report:
Historical Years: 2017-2020
Base Year: 2021
Estimated Year: 2022
Forecast Period: 2023-2027
Objective of the Study:
TechSci Research performed both primary as well as exhaustive secondary research for this study. Initially, TechSci Research sourced a list of service providers across the globe. Subsequently, TechSci Research conducted primary research surveys with the identified companies. While interviewing, the respondents were also enquired about their competitors. Through this technique, TechSci Research could include the service providers who could not be identified due to the limitations of secondary research. TechSci Research analyzed the service providers, distribution channels and presence of all major players across the globe.
TechSci Research calculated the market size of global space tourism market using a bottom-up approach, wherein data for various end-user segments was recorded and forecast for the future years. TechSci Research sourced these values from the industry experts and company representatives and externally validated through analyzing historical data of these product types and applications for getting an appropriate, overall market size. Various secondary sources such as company websites, news articles, press releases, company annual reports, investor presentations and financial reports were also studied by TechSci Research.
Key Target Audience:
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.
Report Scope:
In this report, global space tourism market has been segmented into following categories, in addition to the industry trends which have also been detailed below:
Suborbital
Orbital
High Altitude Jet Fighter Flights
Atmospheric Zero-Gravity Flights
Aircraft Replacement Flights
Others
Mars
Earth Orbit
Venus
Moon
Ceres
Others
Civilians
Enterprise
Others
Government
Commercial Institutions
Others
North America
Asia-Pacific
Europe
South America
Middle East & Africa
Competitive Landscape
Company Profiles: Detailed analysis of the major companies present in global space tourism market.
Available Customizations:
With the given market data, TechSci Research offers customizations according to a company's specific needs. The following customization options are available for the report:
Company Information