Space Tourism market size was 550 million US$ and it is expected to reach 1580 million US$ with a CAGR of 16.3% by 2025 - Valuates Reports

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 2018, the global Space Tourism market size was 550 million US$ and it is expected to reach 1580 million US$ by the end of 2025, with a CAGR of 16.3% during 2019-2025.

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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.

One of the latest trends that will gain traction in the space tourism market in the coming years is the decrease in the cost of space tourism. The cost of getting into space will decline rapidly if the next generation of space planes can reach the orbit. This will considerably reduce the cost of launching satellites or space exploration missions, making it an economically feasible option for a larger customer segment. Additionally, the reduced cost can also enable vendors to launch multiple nanosatellites in the solar system.

The study objectives of this report are:

To analyze global Space Tourism status, future forecast, growth opportunity, key market and key players.
To present the Space Tourism development in United States, Europe and China.
To strategically profile the key players and comprehensively analyze their development plan and strategies.
To define, describe and forecast the market by product type, market and key regions.

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The key players covered in this study

Space Adventures
EADS Astrium
Virgin Galactic
Armadillo Aerospace
Excalibur Almaz
Space Island Group
SpaceX
Boeing
Zero 2 Infinity

Market segment by Type, the product can be split into

Suborbital
Orbital

Market segment by Application, split into

Civilians
The Rich

Market segment by Regions/Countries, this report covers

United States
Europe
China
Japan
Southeast Asia
India
Central & South America

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