Global Space Tourism Market – Industry Trends, Opportunities and Forecasts to 2023
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.
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.
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.
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This report presents a comprehensive overview, market shares and growth opportunities of Space Tourism market by product type, application, key companies and key regions.
To calculate the market size, LP Information considers value generated from the sales of the following segments:
Segmentation by product type:
Suborbital
Orbital
Segmentation by application:
Civilians
The Rich
We can also provide the customized separate regional or country-level reports, for the following regions:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Spain
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
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
SpaceX
Boeing
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.
Research objectives
To study and analyze the global Space Tourism market size by key regions/countries, product type and application, history data from 2013 to 2017, and forecast to 2023.
To understand the structure of Space Tourism market by identifying its various subsegments.
Focuses on the key global Space Tourism players, to define, describe and analyze the value, market share, market competition landscape, SWOT analysis and development plans in next few years.
To analyze the Space Tourism with respect to individual growth trends, future prospects, and their contribution to the total market.
To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).
To project the size of Space Tourism submarkets, with respect to key regions (along with their respective key countries).
To analyze competitive developments such as expansions, agreements, new product launches and acquisitions in the market.
To strategically profile the key players and comprehensively analyze their growth strategies.
Table of Contents
2018-2023 Global Space Tourism Market Report (Status and Outlook)
1 Scope of the Report
1.1 Market Introduction
1.2 Research Objectives
1.3 Years Considered
1.4 Market Research Methodology
1.5 Economic Indicators
1.6 Currency Considered
2 Executive Summary
2.1 World Market Overview
2.1.1 Global Space Tourism Market Size 2013-2023
2.1.2 Space Tourism Market Size CAGR by Region
2.2 Space Tourism Segment by Type
2.2.1 Suborbital
2.2.2 Orbital
2.3 Space Tourism Market Size by Type
2.3.1 Global Space Tourism Market Size Market Share by Type (2013-2018)
2.3.2 Global Space Tourism Market Size Growth Rate by Type (2013-2018)
2.4 Space Tourism Segment by Application
2.4.1 Civilians
2.4.2 The Rich
2.5 Space Tourism Market Size by Application
2.5.1 Global Space Tourism Market Size Market Share by Application (2013-2018)
2.5.2 Global Space Tourism Market Size Growth Rate by Application (2013-2018)
3 Global Space Tourism by Players
3.1 Global Space Tourism Market Size Market Share by Players
3.1.1 Global Space Tourism Market Size by Players (2016-2018)
3.1.2 Global Space Tourism Market Size Market Share by Players (2016-2018)
3.2 Global Space Tourism Key Players Head office and Products Offered
3.3 Market Concentration Rate Analysis
3.3.1 Competition Landscape Analysis
3.3.2 Concentration Ratio (CR3, CR5 and CR10) (2016-2018)
3.4 New Products and Potential Entrants
3.5 Mergers & Acquisitions, Expansion
4 Space Tourism by Regions
4.1 Space Tourism Market Size by Regions
4.2 Americas Space Tourism Market Size Growth
4.3 APAC Space Tourism Market Size Growth
4.4 Europe Space Tourism Market Size Growth
4.5 Middle East & Africa Space Tourism Market Size Growth
5 Americas
5.1 Americas Space Tourism Market Size by Countries
5.2 Americas Space Tourism Market Size by Type
5.3 Americas Space Tourism Market Size by Application
5.4 United States
5.5 Canada
5.6 Mexico
5.7 Key Economic Indicators of Few Americas Countries
6 APAC
6.1 APAC Space Tourism Market Size by Countries
6.2 APAC Space Tourism Market Size by Type
6.3 APAC Space Tourism Market Size by Application
6.4 China
6.5 Japan
6.6 Korea
6.7 Southeast Asia
6.8 India
6.9 Australia
6.10 Key Economic Indicators of Few APAC Countries
7 Europe
7.1 Europe Space Tourism by Countries
7.2 Europe Space Tourism Market Size by Type
7.3 Europe Space Tourism Market Size by Application
7.4 Germany
7.5 France
7.6 UK
7.7 Italy
7.8 Russia
7.9 Spain
7.10 Key Economic Indicators of Few Europe Countries
……Continued
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Posted by
Vivian Dsena
on Wednesday August 08 2018, 3:30 AM EST.
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