Space Tourism Market Analysis: Global Industry Will Reach US$ 1270 Million at a CAGR 17.3% by Forecast 2023

Analytical Research Cognizance has announced the addition of the “2018-2023 Global Space Tourism Market” by company, by country, and by application/type for the competitive landscape analysis.

2018-2023 Global Space Tourism Market:

Report studies the present scenario (with the base year being 2017) and the growth prospects of global Space Tourism market for 2018-2023.

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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.

The industry is expected to remain innovation-led, with frequent acquisitions and strategic alliances adopted as the key strategies by the players to increase their industry presence. Market stays in mature period with a clear concentration. Meanwhile, optimize product mix and further develop value-added capabilities to maximize margins. Manufacturers can take advantage of this situation by reinforcing their production units and supply-chains to avoid any delay in production turn-around-times (TAT) and supply-lead-times.

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.

Over the next five years, LPI(LP Information) projects that Space Tourism will register a 17.3% CAGR in terms of revenue, reach US$ 1270 million by 2023, from US$ 490 million in 2017.

This report presents a comprehensive overview, market shares and growth opportunities of Space Tourism market by product type, application, key companies and key regions.

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To calculate the market size, LP Information considers value generated from the sales of the following segments:

Segmentation by Product Type:

Segmentation by Application:
The Rich

The report also presents the market competition landscape and a corresponding detailed analysis of the major players in the market. The key players covered in this report:
Space Adventures
EADS Astrium
Virgin Galactic
Armadillo Aerospace
Excalibur Almaz
Space Island Group
Zero 2 Infinity

In addition, this report discusses the key drivers influencing market growth, opportunities, the challenges and the risks faced by key players and the market as a whole. It also analyzes key emerging trends and their impact on present and future development.

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Table of Content:

Chapter One: Scope of the Report:
Market Introduction
Research Objectives
Market Research Methodology

Chapter Two: Executive Summary:
Market Overview
Space Tourism Segment by Application

Chapter Three: Global Space Tourism by Players:
Space Tourism Sales Market Share by Players 2016-2018
Space Tourism Sale Price by Players
Competition Landscape Analysis

Chapter Four: Space Tourism by Regions:
Space Tourism by Regions
Global Space Tourism Value by Regions

Chapter Five: Americas:
Americas Space Tourism Consumption by Countries, Consumption by Type & Application
Key Economic Indicators of Few Americas Countries

Chapter Six: APAC:
APAC Space Tourism Consumption by Countries, Consumption by Type & Application

Chapter Seven: Europe:
Space Tourism Consumption by Application, Consumption by Type
Key Economic Indicators of Few Europe Countries

Chapter Eight: Middle East & Africa:
Middle East & Africa Space Tourism by Countries by Application, Consumption by Type
Key Economic Indicators of Few Middle East & Africa Countries

Chapter Nine: Market Drivers, Challenges and Trends:
Market Drivers and Impact
Market Challenges and Impact
Market Trends

Chapter Ten: Marketing, Distributors and Customer:
Direct Marketing
Indirect Marketing
Space Tourism Distributors
Space Tourism Customer

Chapter Eleven: Global Space Tourism Market Forecast:
Space Tourism Consumption Forecast (2018-2023)
Space Tourism Value Forecast by Regions (2018-2023)
Global Space Tourism Forecast by Application

Chapter Twelve: Key Players Analysis:
Company Details
Space Tourism Sales, Revenue, Price and Gross Margin (2016-2018)
Space Tourism Product Offered

Chapter Thirteen: Research Findings and Conclusion

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Release ID: 394427