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Global Space Tourism Market 2017-2021

Global Space Tourism Market 2017-2021

About Space Tourism

For years, space tourism was an option only for the richest of the population ever since Dennis Tito went on a commercial orbital space tour in 2001. Since then, nine more people have taken up 10 such tours, spending a minimum of $20 million on each trip. These people have been categorized under the first generation of space tourists.

Technavio’s analysts forecast the global space tourism market to grow at a CAGR of 14.34% during the period 2017-2021.

Covered in this report

The report covers the present scenario and the growth prospects of the global space tourism market for 2017-2021. To calculate the market size, the report considers the investment made in commercial space tourism services.

The market is divided into the following segments based on geography:

  • Americas
  • APAC
  • EMEA
Technavio's report, Global Space Tourism Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
  • Bigelow Aerospace
  • SpaceX
  • Virgin Galactic
  • XCOR Aerospace
Other prominent vendors
  • Armadillo Aerospace
  • Boeing
  • EADS Astrium
  • Excalibur Almaz
  • Space Adventures
  • Space Island Group
  • Zero2infinity
Market driver
  • The prospect of pioneering the activity
  • For a full, detailed list, view our report
Market challenge
  • High risk involved
  • For a full, detailed list, view our report
Market trend
  • Increase in the number of next-generation engineers
  • For a full, detailed list, view our report
Key questions answered in this report
  • What will the market size be in 2021 and what will the growth rate be?
  • What are the key market trends?
  • What is driving this market?
  • What are the challenges to market growth?
  • Who are the key vendors in this market space?
  • What are the market opportunities and threats faced by the key vendors?
  • What are the strengths and weaknesses of the key vendors?


Press Release

Technavio Announces the Publication of its Research Report – Global Space Tourism Market 2017-2021

Technavio recognizes the following companies as the key players in the global space tourism market: Bigelow Aerospace, SpaceX, Virgin Galactic, and XCOR Aerospace.

Other Prominent Vendors in the market are: Armadillo Aerospace, Boeing, EADS Astrium, Excalibur Almaz, Space Adventures, Space Island Group, and Zero2infinity.

Commenting on the report, an analyst from Technavio’s team said: “One trend in the market is increase in the number of next-generation engineers. The space tourism market is expected to inspire a new generation of engineers. Unlike IT engineers, who spend most of the time in front of a computer, space engineers get to work on space engines.”

According to the report, one driver in the market is the prospect of pioneering the activity. Space tourism is an expensive leisure activity, which can only be affordable by the affluent population. The addressable market for space tourism is the population, whose net worth is more than $5 million. Over 99% of space tourists have a net worth over $5 million. Considering the wealth at their disposal, these people are motivated to try out activities that have not been experienced by the common man.

Further, the report states that one challenge in the market is high risk involved. One of the major factors that will hinder the growth of space tourism is the high risk associated with the tour. The addressable market has enough income to experience tours such as mountain climbing or skydiving. However, the preference for an adventure also depends on the availability of the activity, physical fitness, and risks associated with it, apart from affordability, which is not an issue among the addressable market.



Companies Mentioned

Bigelow Aerospace, SpaceX, Virgin Galactic, XCOR Aerospace, Armadillo Aerospace, Boeing, EADS Astrium, Excalibur Almaz, Space Adventures, Space Island Group, and Zero2infinity.

  • EXECUTIVE SUMMARY
  • SCOPE OF THE REPORT
  • RESEARCH METHODOLOGY
  • INTRODUCTION
    • MARKET OUTLINE
  • MARKET LANDSCAPE
    • MARKET OVERVIEW
      • Table OVERVIEW OF GLOBAL SPACE TOURISM MARKET
    • GLOBAL SPACE TOURISM MARKET
      • Table GLOBAL SPACE TOURISM MARKET 2016-2021 ($ BILLIONS)
    • FIVE FORCES ANALYSIS
      • Table FIVE FORCES ANALYSIS
  • MARKET SEGMENTATION BY TYPE
    • GLOBAL SPACE TOURISM MARKET BY TYPE
      • Table GLOBAL SPACE TOURISM MARKET BY TYPE 2016 AND 2021 (% SHARE)
    • GLOBAL SPACE TOURISM MARKET BY SUBORBITAL TOURISM
      • Table GLOBAL SPACE TOURISM MARKET BY SUBORBITAL TOURISM 2016-2021 ($ BILLIONS)
    • GLOBAL SPACE TOURISM MARKET BY ORBITAL TOURISM
      • Table GLOBAL SPACE TOURISM MARKET BY ORBITAL TOURISM 2016-2021 ($ BILLIONS)
    • MARKET SEGMENT COMPARISON
      • Table GLOBAL SPACE TOURISM MARKET COMPARISON BY TYPE 2016-2021 ($ BILLIONS)
  • MARKET SEGMENTATION BY TECHNOLOGY ADOPTERS
    • GLOBAL SPACE TOURISM MARKET BY TECHNOLOGY ADOPTERS
      • Table GLOBAL SPACE TOURISM MARKET BY TECHNOLOGY ADOPTERS 2016 AND 2021 (% SHARE)
    • GLOBAL SPACE TOURISM MARKET BY INNOVATORS
      • Table GLOBAL SPACE TOURISM MARKET BY INNOVATORS 2016-2021 ($ BILLIONS)
    • GLOBAL SPACE TOURISM MARKET BY EARLY ADOPTERS
      • Table GLOBAL SPACE TOURISM MARKET BY EARLY ADOPTERS 2016-2021 ($ BILLIONS)
    • GLOBAL SPACE TOURISM MARKET BY EARLY MAJORITY
      • Table GLOBAL SPACE TOURISM MARKET BY EARLY MAJORITY2016-2021 ($ BILLIONS)
    • MARKET SEGMENT COMPARISON
      • Table GLOBAL SPACE TOURISM MARKET COMPARISON BY TECHNOLOGY ADOPTERS 2016-2021 ($ BILLIONS)
  • GEOGRAPHICAL SEGMENTATION
    • GLOBAL SPACE TOURISM MARKET BY GEOGRAPHY
      • Table GLOBAL SPACE TOURISM MARKET BY GEOGRAPHY 2016 AND 2021 (% SHARE)
    • SPACE TOURISM MARKET IN AMERICAS
      • Table SPACE TOURISM MARKET IN AMERICAS 2016-2021 ($ BILLIONS)
    • SPACE TOURISM MARKET IN EMEA
      • Table SPACE TOURISM MARKET IN EMEA 2016-2021 ($ BILLIONS)
    • SPACE TOURISM MARKET IN APAC
      • Table SPACE TOURISM MARKET IN APAC 2016-2021 ($ BILLIONS)
    • MARKET SEGMENT COMPARISON
      • Table GLOBAL SPACE TOURISM MARKET COMPARISON BY GEOGRAPHY ($ BILLIONS)
  • KEY LEADING COUNTRIES
    • KEY LEADING COUNTRIES IN GLOBAL SPACE TOURISM MARKET
      • Table GLOBAL SPACE TOURISM MARKET BY TOP 10 COUNTRIES 2016 (% SHARE)
      • Table GLOBAL SPACE TOURISM MARKET BY TOP 10 COUNTRIES 2016 ($ BILLIONS)
    • SPACE TOURISM MARKET IN THE US
      • Table SPACE TOURISM MARKET IN THE US 2016-2021 ($ BILLIONS)
    • SPACE TOURISM MARKET IN RUSSIA
      • Table SPACE TOURISM MARKET IN RUSSIA 2016-2021 ($ BILLIONS)
  • DECISION FRAMEWORK
  • DRIVERS AND CHALLENGES
    • MARKET DRIVERS
    • MARKET CHALLENGES
      • Table GLOBAL SPACE TOURISM BY NET SPENDS ON TOURS BASED ON NET WORTH AND SPENDING PREFERENCE 2016 $ MILLIONS)
      • Table RISK ASSOCIATED WITH DIFFERENT ADVENTURE EXPERIENCES 2016
  • MARKET TRENDS
  • VENDOR LANDSCAPE
    • COMPETITIVE SCENARIO
    • OTHER PROMINENT VENDORS
      • Table GLOBAL SPACE TOURISM MARKET: OTHER PROMINENT VENDORS
  • APPENDIX
    • LIST OF ABBREVIATIONS
  • EXPLORE TECHNAVIO

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