Growth of Space Tourism Market is Estimated to Grow Incredible CAGR till 2022 | Worldwide leading Players - Bigelow Aerospace, SpaceX, Virgin Galactic, XCOR, Armadillo Aerospace, Boeing, EADS Astrium
Global Space Tourism Market Overview:
According to Market Analyst, Global Space Tourism Market is projected to grow at a healthy growth rate from 2018 to 2022.
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Space Tourism market size to maintain the average annual growth rate of 26.7% from 89 million $ in 2014 to 181 million $ in 2017, Market analysts believe that in the next few years, Space Tourism market size will be further expanded, we expect that by 2022, The market size of the Space Tourism will reach 390 million $.
Space tourism is likely to be an emerging trend owing to the increased expenditure on travel and tourism globally. 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. 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. Increase in the number of next-generation engineers, Decrease in the cost of space tourism, Possibility of hypersonic travel are some Key factor for Growth of the Market.
Based on type, the space tourism market is Segmented into orbital and suborbital. Suborbital segment held the dominant market share in 2016 and is expected to have a growing market share over the forecast period. Passengers can experience weightlessness, acceleration of rocket launch, and the view of Earth over space from suborbital tours.
Regionally, North America is likely to gain traction in the space tourism market owing to the development of human spaceflight programs in the U.S. Presence of numerous global vendors is one of the crucial factors driving the space tourism market in this region. Asia-Pacific is a potential market for space tourism owing to the rise in disposable income in this region.
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The Market is segmented and projected on the basis of major key player’s:
1 Bigelow Aerospace
3 Virgin Galactic
4 XCOR Aerospace
5 Armadillo Aerospace
7 EADS Astrium
8 Excalibur Almaz
9 Space Adventures
10 Space Island Group
The Market is segmented and projected on the basis of major Region Segmentation
1 North America Country (United States, Canada)
2 South America
3 Asia Country (China, Japan, India, Korea)
4 Europe Country (Germany, UK, France, Italy)
5 Other Country (Middle East, Africa, GCC)
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Key Questions Answered in this Report:
1 What will the market size be in 2022?
2 What is driving this market??
3 What are the challenges to market growth?
4 Who are the key players in Space Tourism Market?
5 What are the market opportunities and threats faced by the key players?
TABLE OF CONTENTS
1 Space Tourism Definition
2 Global Space Tourism Market Major Player Share and Market Overview
3 Major Player Space Tourism Business Introduction
4 Global Space Tourism Market Segmentation (Region Level)
5 Global Space Tourism Market Segmentation (Type Level)
6 Global Space Tourism Market Segmentation (Industry Level)
7 Space Tourism Market Forecast 2018-2022
8 Space Tourism Segmentation Type
9 Space Tourism Segmentation Industry
10 Space Tourism Cost Analysis
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