Space tourism is a space journey for recreation, business, or leisure purpose. Only orbital space tourism has been supported by the Russian Space Agency to date, while Blue Origin and Virgin Galactic are working on developing sub-orbital space tourism vehicles. In addition, SpaceX revealed in 2017 that in 2018, they intend to launch two space tourists on a lunar free return trajectory aboard their Dragon V2 spacecraft, which will be launched by the Falcon Heavy rocket. Currently, a number of commercial suborbital spacecraft with a variety of capabilities are being developed. Space tourism Suborbital Applications Research Group (SARG) was established by the Commercial Spaceflight Federation to raise awareness of the research and education potential of the suborbital reusable launch vehicles in growth.
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The global Space Tourism Market report provides comprehensive market information, including classifications, definitions, and market analysis. This also helps with the awareness of various item specifics, the manufacturing cycle, the supply chain, and the cost structure. Along these lines, the understanding of the project's structural squares and key drivers of development is enhanced. To estimate the market size, boundaries such as import and fare, rules in various nations, inflation, legal and political variables, financial elements, and other minor aspects inside organizations have been broken down.
Leading Key Players Covered Space Tourism Market: -
Space Adventures, EADS Astrium, Virgin Galactic, Armadillo Aerospace, Excalibur Almaz, Space Island Group, SpaceX, Boeing, Zero 2 Infinity and other major players.
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Geographically, North American Market Is Anticipated For Highest Revenue
The North American region, especially the United States, dominates the space tourism market. The space tourism industry began in the United States, and most of the industry's leading operators are based there. The emergence of the highest number of billionaires and a high average disposable income are two main factors driving the growth of the space tourism market in the United States.
Segmentation of Space Tourism Market: -
By Type
- Suborbital
- Orbital
By Product
- Altitude Jet Fighter Flights
- Aircraft Replacement Flights
- Atmospheric Zero-Gravity Flights
By Service Providers
- Government
- Commercial
- Others
By Region
- North America (US, Canada, Mexico)
- Eastern Europe (Bulgaria, The Czech Republic, Hungary, Poland, Romania, Rest of Eastern Europe)
- Western Europe (Germany, UK, France, Netherlands, Italy, Russia, Spain, Rest of Western Europe)
- Asia Pacific (China, India, Japan, South Korea, Malaysia, Thailand, Vietnam, The Philippines, Australia, New Zealand, Rest of APAC)
- Middle East & Africa (Turkey, Bahrain, Kuwait, Saudi Arabia, Qatar, UAE, Israel, South Africa)
- South America (Brazil, Argentina, Rest of SA)
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