This report focuses on the global Space Tourism status, future forecast, growth opportunity, key market and key players. The study objectives are to present the Space Tourism development in United States, Europe and China.
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 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.
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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.
In 2017, the global Space Tourism market size was 490 million US$ and it is expected to reach 1640 million US$ by the end of 2025, with a CAGR of 16.3% during 2018-2025.
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The key players covered in this study
- Space Adventures
- EADS Astrium
- Virgin Galactic
- Armadillo Aerospace
- Excalibur Almaz
- Space Island Group
- Zero 2 Infinity
Market segment by Type, the product can be split into
Market segment by Application, split into
- The Rich
Market segment by Regions/Countries, this report covers
- United States
- Southeast Asia
- Central & South America