Report Consultant has recently added a new report to their database, which is titled as “Importance of Space Tourism Market with Top Leading Vendors (, XCOR Aerospace, Virgin Galactic, SpaceX), Type (Suborbital, Orbital), key Strategy, opportunity, Application and Forecast period 2025, forecast period 2025”.
Space tourism is space travel for recreational, leisure or business purposes. There are several different types of space tourism, including orbital, suborbital and lunar space tourism. To date, orbital space tourism has been performed only by the Russian Space Agency.
About Space Tourism Market, for years, space tourism was an option only for the richest of the population ever since Dennis Tito went on a commercial orbital space tour in 2001. Since then, nine more people have taken up 10 such tours, spending a minimum of $20 million on each trip. These people have been categorized under the first generation of space tourists.
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Market research analysts at Technavio predict that the global space tourism market will grow steadily at a CAGR of over 14% by 2025
The leading vendors in the market are – Bigelow Aerospace, SpaceX, Virgin Galactic, XCOR Aerospace
The other prominent vendors in the market include Armadillo Aerospace, Boeing, EADS Astrium, Excalibur Almaz, Space Adventures, Space Island Group, and Zero2infinity.
Segmentation by type and analysis of the space tourism market :-
Suborbital – During 2016, the suborbital segment accounted for the major shares of this global market. Passengers can experience the acceleration of rocket launch, weightlessness, and the sight of the Earth from space through suborbital tours.
Orbital – The market will continue to grow in this segment since suborbital tours pose as a cost-effective solution than orbital tours.
Geographical segmentation and analysis of the space tourism market :-
This market study estimates that in terms of geographic regions, the Americas will be the major revenue contributor to the space tourism market by 2025. The US is the only country in the Americas that has a human spaceflight program. Factors such as the highest average disposable income of the population in this country and the presence of the highest number of billionaires, will fuel the markets growth in the Americas.
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Key questions answered in the Space Tourism Market report include :-
- What will the market size and the growth rate be in 2021?
- What are the key factors driving the market?
- What are the key market trends impacting the growth of the global market?
- What are the challenges to market growth?
- Who are the key vendors in the market?
- What are the market opportunities and threats faced by the vendors in the market?
- Trending factors influencing the market shares of the Americas, APAC, and EMEA.
- What are the key outcomes of the five forces analysis of the global space tourism market?
Report Consultant also offers customization on reports based on specific client requirement.
The analysis also includes the examination of the data collected through a variety of primary and secondary research. The statistical data has been a source of a reasonable comprehension of the state of drivers, threats, major opportunities, and the prime standards, rules, plans, and strategies affecting the market.
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Table of content in the Global Space Tourism Market report as follows:
Chapter 1: Executive summary
Chapter 2: Scope of the Report
Chapter 3: Research Methodology
Chapter 4: Introduction
Chapter 5: Market Landscape
Chapter 6: Market Segmentation by type
Chapter 7: Space Tourism Market Segmentation by technology adopters
Chapter 8: Geographical Segmentation
Chapter 9: Key leading Countries
Chapter 10 Decision Framework
Chapter 11: Drivers and Challenges
Chapter 12: Market Trends
Chapter 13: Space Tourism Market Vendors Landscape
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