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Space Tourism Market - 2017:Overview, Opportunities, In-Depth Analysis and Forecasts

01-25-2018 10:31 AM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Transparency Market Research

/ PR Agency: Transparency Market Research
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.

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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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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.

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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.

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Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.

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