Space Tourism Market to Increase at 14.34% CAGR through 2021, Predicts Infiniti Research in Its Cutting-Edge Report Available at MarketPublishers.com
23 Jun 2017 • by Natalie Aster
LONDON – For many years, space tourism was recognised as an option only for the richest people ever since in 2001 Dennis Tito joined a commercial orbital tour. Since then, 9 more people have taken part in 10 such tours, spending approximately USD 20 million on each trip. These people are known as the first generation of space tourists.
The world’s space tourism industry is anticipated to increase at a healthy double-digit CAGR of 14.34% over 2017-2021, driven majorly by the lucrative prospect of pioneering this activity and the increasing number of next-generation engineers. The key restraint of this market growth is high risk associated with space tourism.
The most prominent vendors in the worldwide space tourism market include SpaceX, Bigelow Aerospace, XCOR Aerospace and Virgin Galactic.
Cutting-edge research study “Global Space Tourism Market 2017-2021” elaborated by Infiniti Research is an essential source of trustworthy data on the performance of space tourism market. This topical study delves into the market landscape, reviews the market development trends and dynamics, reviews the major factors shaping the market. It includes Porter’s five forces analysis, presents a detailed market segmentations analysis basing on types, technology adopters, and geography. The report identifies the leading countries in the world’s space tourism market, touches upon the major drivers and challenges, offers insights into the vendor landscape and uncovers info on the key players. Additionally, a future outlook through 2021 is available for the space tourism market in this new report.
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