Global Space Tourism Market: Emerging Trends, Major Key Players Airbus Group SE and Boeing Company

According to the report, the global market for Space Tourism estimated at US$651 Million in the year 2020, is projected to reach a revised size of US$1.7 Billion by 2027, growing at a CAGR of 15.2% from 2021 to 2028. Space tourism will become a major sector of the tourism industry as it grows further. With its potential to generate employment and revenue, space tourism will be a major factor driving the growth of the tourism market worldwide. As of now, the opportunity to see our planet from space is limited to a few astronauts. With the new space tourism market, opportunities to see space will become more readily available to the average tourist. With a new market expanding, there will be a growing need for technological innovation in the sector. As a result, the space tourism market is expected to experience tremendous growth over the forecast period.

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The latest research report published by Evolve Business Intelligence examines the impacts of numerous market aspects on the global SPACE TOURISM industry including a look at the current market size and forecasts for key segments and regions, the driving forces behind the market, the probable effects from key trends, how all these will affect the business plan, SWOT analysis of critical sectors for each of the key competitors, customers and more! Providing valuable data about conglomerations that are most likely going to have an impact on this industry is essential to any company who plans to properly invest for next 5 years. These findings supplement our initial quantitative study in order to facilitate any new investments or planning traits against threats in existing sectors through a strategic business plan.

Impact of COVID-19

The on-going COVID-19 pandemic has had a significant impact on the industry. Several financial impacts and disruptions have been felt over a long period of time. Our research has interviewed numerous delegates from this industry, across geographical markets to collect information that is helpful for addressing potential challenges the COVID-19 pandemic may cause going forward.
In terms of COVID 19 impact, the Space Tourism market report also includes the following data points:
• Impact of COVID-19
• Government Aids and Policies for Industry Revival
• Companies Recent Developments to Tackle Negative Impact
• Opportunity Window & Post COVID Trend

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Key Players
Some of the major Space Tourism players holding highest market share include Airbus Group SE, Boeing Company, Excalibur Almaz, Limited (Isle of Man) and Space Adventures, Inc.. These players use new product development as a key strategy to gain significant market share to compete with market leaders.

The key players profiled in the report are:
• Airbus Group SE
• Boeing Company
• Excalibur Almaz, Limited (Isle of Man)
• Space Adventures, Inc.
• Space Island Group
• Spacex
• Virgin Galactic, LLC.
• Zero 2 Infinity S.L.

Segmental Analysis

Market Segment By Product Type with focus on market share, consumption trend, and growth rate of SPACE TOURISM Market:
• Suborbital
• Orbital

Market Segment By Application with focus on market share, consumption trend, and growth rate of SPACE TOURISM Market:
o Civilians
o The Rich

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Global Space Tourism Geographic Coverage:
• North America
o US
o Canada

• Europe
o UK
o Germany
o France
o Italy
o Spain
o Rest of Europe

• Asia Pacific
o China
o Japan
o India
o South Korea
o Indonesia
o Malaysia
o Rest of Asia Pacific

• Latin America
o Mexico
o Brazil
o Argentina
o Rest of Latin America

• Middle East & Africa
o Saudi Arabia
o UAE
o Egypt
o South Africa
o Rest of MEA

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