Space Tourism Market By Type (Orbital and Suborbital) - Global Industry Analysis & Forecast to 2025

Industry Outlook and Trend Analysis

The Space Tourism Market has encountered significant development over the recent years and is anticipated to grow tremendously over the forecast period. Space tourism is characterized as space travel for recreation, leisure, and business purposes. Space tourism is probably going to be a rising trend attributable to the expanded use on movement and tourism universally. Adventure tourism includes a higher level of risk and it is demanded majorly for the lovers towards space tourism. Decrease in the expense of space tourism is probably going to pick up footing for the space tourism market over the gauge time frame. Space tourism is a rising idea wherein an ideal spaceflight is created that will encourage travelers to make a trip to space, the Moon and Mars. Expanding number of travelers agreeing to accept space tourism combined with the expanding speculation from travelers is anticipated to push the interest for space tourism in the coming years.

Drivers and Restraints

Factors, for example, level of safety, extent of journey, and position of aircraft, is required to affect the development of the space tourism market. Higher level of hazard related with space tourism is probably going to control the development of the space tourism market amid the estimate time frame. Despite the fact that space tourism includes a lot of expense, there has been an expanded enthusiasm among tourists toward space tourism. The prospect and extent of room tourism is probably going to drive the development of cutting edge engineers.

Regional Insights

North America is foreseen to grow significantly in the space tourism market due to the growth of human spaceflight programs in the U.S. Existence of several global vendors is one of the major factors boosting the space tourism market in this region.

By Region


North America


U.S.
Canada
Mexico


Europe

Germany
UK
France
Russia
Italy
Rest of Europe


Asia-Pacific

China
Japan
South Korea
India
Southeast Asia
Rest of Asia-Pacific


South America

Brazil
Argentina
Columbia
Rest of South America


Middle East and Africa

Saudi Arabia
UAE
Egypt
Nigeria
South Africa
Rest of MEA




Competitive Analysis

The major players in the market are profiled in detail in view of qualities, for example, company portfolio, business strategies, financial overview, recent developments, and share of the overall industry.


XCOR Aerospace
Virgin Galactic
Armadillo Aerospace
Space Island Group
Space Adventures
Astrium
SpaceX
Bigelow Aerospace
Boeing
Excalibur Almaz
Zero2Infinity


Some of the key questions answered by the report are:


What was the market size in 2014 and forecast from 2015 to 2025?
What will be the industry market growth from 2015 to 2025?
What are the major drivers, restraints, opportunities, challenges, and industry trends and their impact on the market forecast?
What are the major segments leading the market growth and why?
Which are the leading players in the market and what are the major strategies adopted by them to sustain the market competition?