Space Tourism Market And Is Projected To Reach USD 1,956.48 Million By 2028 | Space Adventures, EADS Astrium

Market Overview:
Space Tourism Market is valued at USD 821.39 Million in 2021 and is projected to reach USD 1,956.48 Million by 2028, growing at a CAGR of 13.2% over the forecast period 2022- 2028.

Space Tourism refers to the activity of travelling into space for recreational purposes, it is a type of tourism for space exploration, personal spaceflight, or commercial human spaceflight, where it covers spaceflights that are sub-orbital, orbital, and even beyond Earth orbit. Presently, the approach to space tourism and the development of vehicles to access space are based on extensions of current technologies, spacecraft & rocket vehicle and rocket plane development. Such developments are majorly focused on space travel and the development of safer ways to lift and land humans into Earth orbit and travel into space.

However, space tourism is extremely expensive and for now the market is a very small segment of consumers that are able and willing to purchase a space experience. But the concept of space tourism is gaining popularity by being one of the most exciting and emerging areas of the wider tourism industry with companies like Virgin Galactic, SpaceX and Boeing already taking development steps by outlining plans to deliver various forms of commercial spaceflight in the upcoming period.

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Market Dynamics:
Driver:
Growing inclination of travelers towards space travel supported by rising interest of High Net Worth of Income (HNWI) individuals towards such type of tourism is majorly driving the market demand. Moreover, continuously advancing research and development activities by government and private research organizations are some of the other factors fueling the growth of the market.

Opportunities:
Growing Number of companies and agencies planning and developing spaceflights are expected to boost the overall market share of Space Tourism by helping with increased accessibility to more people in next few years. Further, latest developments from these companies and government initiatives to build indigenous capabilities will also help in promoting end-to-end space activities.

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Market Segmentation
By Type
• Suborbital
• Orbital

By Product
• Altitude Jet Fighter Flights
• Aircraft Replacement Flights
• Atmospheric Zero-Gravity Flights

By Service Providers
• Government
• Commercial
• Others

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The North American region, especially the United States, dominates the space tourism market. The space tourism industry began in the United States, and most of the industry's leading operators are based there. The emergence of the highest number of billionaires and a high average disposable income are two main factors driving the growth of the space tourism market in the United States. The majority of industry participants, including Virgin Galactic, SpaceX, and Blue Origin are based in the United States.

By Region
• North America (U.S., Canada, Mexico)
• Europe (Germany, U.K., France, Italy, Russia, Spain, Rest of Europe)
• Asia-Pacific (China, India, Japan, Singapore, Australia, New Zealand, Rest of APAC)
• Middle East & Africa (Turkey, Saudi Arabia, Iran, UAE, Africa, Rest of MEA)
• South America (Brazil, Argentina, Rest of SA)

Players Covered in Space Tourism Market are:
• Space Adventures
• EADS Astrium
• Virgin Galactic
• Armadillo Aerospace
• Excalibur Almaz
• Space Island Group
• SpaceX
• Boeing
• Zero 2 Infinity and other major players.

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Table Of Content
Chapter 1: Introduction
 1.1 Research Objectives
 1.2 Research Methodology
 1.3 Research Process
 1.4 Scope and Coverage
  1.4.1 Market Definition
  1.4.2 Key Questions Answered
 1.5 Market Segmentation

Chapter 2:Executive Summary

Chapter 3:Growth Opportunities By Segment
 3.1 By Type
 3.2 By Product
 3.3 By Service Providers

Chapter 4: Market Landscape
 4.1 Porter's Five Forces Analysis
  4.1.1 Bargaining Power of Supplier
  4.1.2 Threat of New Entrants
  4.1.3 Threat of Substitutes
  4.1.4 Competitive Rivalry
  4.1.5 Bargaining Power Among Buyers
 4.2 Industry Value Chain Analysis
 4.3 Market Dynamics
  4.3.1 Drivers
  4.3.2 Restraints
  4.3.3 Opportunities
  4.5.4 Challenges
 4.4 Pestle Analysis
 4.5 Technological Roadmap
 4.6 Regulatory Landscape
 4.7 SWOT Analysis
 4.8 Price Trend Analysis
 4.9 Patent Analysis
 4.10 Analysis of the Impact of Covid-19
  4.10.1 Impact on the Overall Market
  4.10.2 Impact on the Supply Chain
  4.10.3 Impact on the Key Manufacturers
  4.10.4 Impact on the Pricing

Chapter 5: Space Tourism Market by Type
 5.1 Space Tourism Market Overview Snapshot and Growth Engine
 5.2 Space Tourism Market Overview
 5.3 Suborbital
  5.3.1 Introduction and Market Overview
  5.3.2 Historic and Forecasted Market Size (2016-2028F)
  5.3.3 Key Market Trends, Growth Factors and Opportunities
  5.3.4 Suborbital: Grographic Segmentation
 5.4 Orbital
  5.4.1 Introduction and Market Overview
  5.4.2 Historic and Forecasted Market Size (2016-2028F)
  5.4.3 Key Market Trends, Growth Factors and Opportunities
  5.4.4 Orbital: Grographic Segmentation

Chapter 6: Space Tourism Market by Product
 6.1 Space Tourism Market Overview Snapshot and Growth Engine
 6.2 Space Tourism Market Overview
 6.3 Altitude Jet Fighter Flights
  6.3.1 Introduction and Market Overview
  6.3.2 Historic and Forecasted Market Size (2016-2028F)
  6.3.3 Key Market Trends, Growth Factors and Opportunities
  6.3.4 Altitude Jet Fighter Flights: Grographic Segmentation
 6.4 Aircraft Replacement Flights
  6.4.1 Introduction and Market Overview
  6.4.2 Historic and Forecasted Market Size (2016-2028F)
  6.4.3 Key Market Trends, Growth Factors and Opportunities
  6.4.4 Aircraft Replacement Flights: Grographic Segmentation
 6.5 Atmospheric Zero-Gravity Flights
  6.5.1 Introduction and Market Overview
  6.5.2 Historic and Forecasted Market Size (2016-2028F)
  6.5.3 Key Market Trends, Growth Factors and Opportunities
  6.5.4 Atmospheric Zero-Gravity Flights: Grographic Segmentation
Chapter 7: Space Tourism Market by Service Providers
Continued…..

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