Growing Influences in Space Tourism Market with Top Key Players
One of the latest trends that will gain traction in the market in the imminent years is the decrease in the cost of space tourism. The cost of getting into space will decline quickly if the next generation of space planes can reach the orbit. This will significantly reduce the cost of launching satellites or space examination missions, making it an economically feasible option for a larger customer segment. Furthermore, the reduced cost can also enable vendors to launch multiple nano-satellites in the solar system. Space Tourism Market is rising at a CAGR of +17% between 2019 and 2025. Top Companies (Space Tourism Market): SpaceX, XCOR Aerospace, Bigelow Aerospace, Virgin Galactic, Boeing, Armadillo Aerospace, Excalibur Almaz, Space Island Group, Zero2Infinity, Space Adventures, and Astrium, among others. Space tourism is space travel for entertaining, leisure or business purposes. To date only orbital space tourism has taken place providing by the Russian Space Agency, al