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Space Tourism Market will take-off in 2018 As the race between spaceflight companies Virgin Galactic and SpaceX heats up

04-18-2018 03:18 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Future Genic Reports

Space Tourism Market will take-off in 2018 As the race between

Market Highlights
Space tourism is space travel for recreational, leisure or business purposes. To date only orbital space tourism has taken place provided by the Russian Space Agency, although work continues developing sub-orbital space tourism vehicles by Blue Origin and Virgin Galactic. In addition, SpaceX announced in 2017 that they are planning on sending two space tourists on a lunar free return trajectory in 2018 aboard their Dragon V2 spacecraft launched by the Falcon Heavy rocket.

Space tourism is defined as space travel for leisure, recreation, and business purposes. Space tourism is likely to be an emerging trend owing to the increased expenditure on travel and tourism globally. Adventure tourism involves a higher degree of risk and it is high in demand for the enthusiasts towards space tourism. Reduction in the cost of expenditure of space tourism is likely to gain traction for the space tourism market over the forecast period. Space tourism is an emerging concept wherein an optimal spaceflight is developed that will facilitate passengers to travel to outer space, Mars and the Moon.

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Key Benefits
Increasing number of passengers signing up for space tourism coupled with the increasing investment from passengers is expected to propel the demand for space tourism in the coming years. Factors such as extent of journey, level of safety, and condition of aircraft, is expected to impact the growth of the space tourism market. Higher degree of risk associated with space tourism is likely to restrain the expansion of the space tourism market during the forecast period. Although space tourism involves a great deal of expenditure, there has been an increased interest among enthusiasts toward space tourism. The prospect and scope of space tourism is likely to drive the growth of next generation engineers. Prospect of hypersonic travel is likely to fuel the demand for space tourism over the forecast period. The reduced cost of infrastructure to launch nano-satellites in the solar system is likely to create more market opportunities for the space tourism market over the forecast period. Research and development to develop orbital space tourism is likely to fuel the growth of the space tourism market over the forecast period.

Top Industry Players:
This report studies the global Space Tourism market, analyzes and researches the Space Tourism development status and forecast in United States, EU, Japan, China, India and Southeast Asia. This report focuses on the top players in global market, like: Space Adventures, EADS Astrium, Virgin Galactic, Armadillo Aerospace, Excalibur Almaz, Space Island Group, SpaceX, Boeing, Zero 2 Infinity.

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Market Segment

Market Segment by Regions, regional analysis covers
• North America (United States, Canada and Mexico)
• Europe (Germany, France, UK, Russia and Italy)
• Asia-Pacific (China, Japan, Korea, India and Southeast Asia)
• South America (Brazil, Argentina, Colombia)
• Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)

Market Segment by Type, covers

• Suborbital
• Orbital
Market Segment by Applications, can be divided into

• Civilians
• The Rich

Browse Report @ https://www.futuregenicreports.com/Reports/Space-Tourism-Market

About Future Genic Reports

Future Generic Reports is a market research and consulting organization, offering premium collection of market research reports, custom research and consulting services to corporations, no-profit organizations and government institutions across the globe.

The wide range of information is presented by a team of well-trained researchers of specific sectors through exhaustive research. We deliver premier market research services that cover all industry verticals, including chemicals and material, automotive, healthcare, electronics & semiconductor, food and beverage, pharmaceuticals and technology and media.

We believe in building an eternal bond with our clients through offering them inclusive research study meeting their specific requirements. Our services are tailored specifically to our clients by proposing them the potential outcome, based on our in-depth analysis and insights for exploring the growth strategies through providing the best possible decision for quality production.

Contact us:

Future Generic Reports
244 , Madison Avenue
New York City, NY - 10016
United States
Toll Free +1- 844-445-2861
Email: sales@futuregenicreports.com

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