Global Space Tourism Market
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Space Tourism Market Size to Grow at a CAGR more than 35.26%: the industry to witness negative impact due to COVID-19 spread

Space Tourism Market By Type (Suborbital, Orbital), By Product Type (High Altitude Jet Fighter Flights, Atmospheric Zero-Gravity Flights, Aircraft Replacement Flights, Others), By End-Users (Civilians, Enterprise, Others), By Service Providers (Government, Commercial Institutions, Others) and By Geography – COVID-19 Impact Analysis, Post COVID Analysis, Opportunities, Trends and Forecast from 2021 to 2028

As per the study initiated by Evolve Business Intelligence, the global Space Tourism market size is expected to grow at a CAGR of more than 35.26% from 2021 to 2028.

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COVID-19 scenario:

  • The temporary lockdown and restriction have led to supply chain disruption, presenting import and export challenges across different sectors.
  • The companies operating in the Space Tourism market have been negatively impacted due to the COVID-19 pandemic resulted in an decrease in the growth of the market for 2020 and 2021.

The cost associated with traveling in space is considered very high and only rich people can afford to travel in space. Due to the pandemic, the cost of space trips has decreased which will bring a new group of customers who are willing to pay high premium prices for one-time space experiments are likely to enter the market. The cost of space trips is likely to remain steady over the next several years which will open tourism for a larger population and increase the number of customers.

IMP NOTE: All our reports will be updated considering the impact of the COVID-19 scenario before delivery.

The global Space Tourism market provides an in-depth analysis of key players which includes:

  • SpaceX
  • Blue Origin
  • Virgin Galactic
  • Boeing
  • Space Adventures
  • EADS Astrium
  • Armadillo Aerospace
  • Excalibur Almaz
  • Space Island Group
  • ZERO-G Infinity
Parameters Details
Market Size (2020) $Bn
CAGR (2021 to 2028) More than 35.26%
Market Segmentation Type, Product Type, End User and Service Provider
Companies profiled SpaceX, Blue Origin, Virgin Galactic, Boeing, Space Adventures, EADS Astrium, Armadillo Aerospace, Excalibur Almaz, Space Island Group, and ZERO-G Infinity
Country Covered US, Canada, Mexico, UK, Germany, France, Italy, Rest of Europe, China, India, Japan, South Korea, Rest of Asia Pacific, Middle East & Africa, and South America
Base Year 2020
Estimated Year 2021
Forecast Years 2022 to 2028

 

The global Space Tourism Market is segmented based on Type, Product Type, End User, and service provider. On the basis of type, the market is segmented as Suborbital, Orbital. Based on the product type, the market is segmented as High Altitude Jet Fighter Flights, Atmospheric Zero-Gravity Flights, Aircraft Replacement Flights, Others. based on the end user, the market is analyzed across the Civilians, Enterprise, Others. And based on the service provider, the market is analyzed across the Government, Commercial Institutions, Others

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Key Region/ Countries Covered

  • North America (US, Canada, Mexico)
  • Europe (Germany, U.K., France, Italy, Russia, Rest of Europe)
  • Asia-Pacific (China, India, Japan, South Korea, Rest of Asia Pacific)
  • Rest of the World (the Middle East & Africa and South America)

Key Questioned Answered Through The Report:

  • The Impact of COVID-19 on the global market
  • What are the potential opportunities for new entrants in the global market
  • What is the market Size and Forecast from 2020 to 2028?
  • Key Players associated with the global Space Tourism Market
  • Value Chain Analysis of Global Space Tourism Market
  • What is the CAGR of the global Space Tourism Market from 2021 to 2028
  • Major Growth Factor, Challenges, Trends, and Opportunities in the global market
  • Key outcomes of SWOT Analysis

About EvolveBI
Evolve Business Intelligence is market research, business intelligence, and advisory firm providing innovative solutions to challenging pain points of a business. Our market research reports include data useful to micro, small, medium, and large-scale enterprises. We provide solutions ranging from mere data collection to business advisory.

Evolve Business Intelligence is built on account of technology advancement providing highly accurate data through our in-house AI-modelled data analysis and forecast tool – EvolveBI. This tool tracks real-time data including, quarter performance, annual performance, and recent developments from fortune’s global 2000 companies.

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