Space Tourism Market By Type, Size, Share, Trends, Major Key Players Forecast

 Global space tourism market is expected to grow at a steady rate in the forecast period. High-end investments made by the leading authorities and market players for the technological advancements and innovations in the field of space technology is the driving factor for the growth of the space tourism market. The rise in disposable income and the increasing expenditure capacity of the consumers is enabling them to visit the space for enthralling experience and satisfy the curiosity of the minds. The space tourism market is still at a nascent stage and is now only available for people with high incomes. Scientists and the market players are continuously trying to find the other habitat and are constantly making efforts to make the affordable and easier process of space travel. The increase in the efforts to enable space transportation achievable for people with different walks in their life is expected to fuel the space tourism market growth. The rise in the number of start-ups in the space tourism industry is expected to expand the reach and create lucrative opportunities for the global tourism market growth. Supportive government policies and schemes and allocation of the funds for the research and development activities are expected to accelerate the space tourism market growth 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.


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Years considered for this report:

Historical Years: 2016-2019

Base Year: 2020

Estimated Year: 2021

Forecast Period: 2022–2026

Objective of the Study:

  • To analyze the historical growth of the market size of global space tourism market from 2016 to 2019.
  • To estimate and forecast the market size of global space tourism market from 2020 to 2026 and growth rate until 2026.
  • 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.

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:

  • 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.

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:

  • Global Space Tourism Market, By Type:
    • Suborbital
    • Orbital
  • Global Space Tourism Market, By Product Type:
    • High Altitude Jet Fighter Flights
    • Atmospheric Zero-Gravity Flights
    • Aircraft Replacement Flights
    • Others
  • Global Space Tourism Market, By Destination:
    • Mars
    • Earth Orbit
    • Venus
    • Moon
    • Ceres
    • Others
  • Global Space Tourism Market, By Customer:
    • Civilians
    • Enterprise
    • Others
  • Global Space Tourism Market, By Service Provider:
    • Government
    • Commercial Institutions
    • Others
  • Global Space Tourism Market, By Region:
    • North America
      • United States
      • Canada
      • Mexico
    • Asia-Pacific
      • China
      • India
      • Japan
      • South Korea
      • Australia
    • Europe
      • Germany
      • United Kingdom
      • France
      • Italy
      • Spain
    • South America
    • Brazil
    • Argentina
    • Colombia
    • Middle East & Africa
      • Saudi Arabia
      • South Africa
      • UAE

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in global space tourism market.

About TechSci Research

TechSci Research is a leading global market research firm publishing premium market research reports. Serving 700 global clients with more than 600 premium market research studies, TechSci Research is serving clients across 11 different industrial verticals. TechSci Research specializes in research-based consulting assignments in high growth and emerging markets, leading technologies and niche applications. Our workforce of more than 100 fulltime Analysts and Consultants employing innovative research solutions and tracking global and country specific high growth markets helps TechSci clients to lead rather than follow market trends.

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