The space tourism market will witness a negative impact during the forecast period, owing to the widespread growth of the COVID-19 pandemic. As per Technavio’s pandemic-focused market research, market growth is likely to increase in 2021 as compared to 2020
With the continuing spread of the novel coronavirus pandemic, organizations across the globe are gradually flattening their recessionary curve by leveraging technology. Many businesses will go through response, recovery, and renewal phases. Building business resilience and enabling agility will aid organizations to move forward in their journey out of the COVID-19 crisis towards the Next Normal.
This post-pandemic business planning research will aid clients to:
- Adjust their strategic planning to move ahead once business stability kicks in.
- Build Resilience by making effective resource and investment choices for individual business units, products, and service lines.
- Conceptualize scenario-based planning to mitigate future crisis situations.
Key Considerations for Market Forecast:
- Impact of lockdowns, supply chain disruptions, demand destruction, and change in customer behavior
- Optimistic, probable, and pessimistic scenarios for all markets as the impact of pandemic unfolds
- Pre- as well as post-COVID-19 market estimates
- Quarterly impact analysis and updates on market estimates
Related Report on Consumer Discretionary Include:
Global Helicopter Tourism Market – Global helicopter tourism market is segmented by type (general helicopter tourism and customized helicopter tourism) and geography (North America, Europe, APAC, MEA, and South America).
Global Adventure Tourism Market – Global adventure tourism market is segmented by type (domestic adventure tourism and international adventure tourism), contribution by GDP (indirect contribution, direct contribution, and induced contribution), geography (Europe, APAC, North America, South America, and MEA), and category (thrill tourism, eco-tourism, accessible tourism, and ethno-tourism).
Major Three Space Tourism Market Participants:
The company offers a wide range of space portfolio services such as earth observation, telecom satellites, human spaceflight, launchers, space exploration, space equipment, and others.
Bigelow Aerospace LLC
The company offers space habitat module, the B330 which is a next-generation inflatable space habitat.
Blue Origin Enterprises LP
The company offers spacecraft for space tourism under the name, New Shepard.
If you purchase a report that is updated in the next 60 days, we will send you the new edition and data extract FREE! Sample report for a detailed market share analysis of market participants during COVID-19 lockdown
Space Tourism Market 2021-2025: Segmentation
Space tourism market is segmented as below:
- Suborbital Tourism
- Orbital Tourism
- Early Adopters
- Early Majority
- North America
The space tourism market is driven by the increased spending on travel and tourism. In addition, increasing investments in space tourism are expected to trigger the space tourism market toward witnessing a CAGR of almost 14% during the forecast period.
Get more insights into the global trends impacting the future of the space tourism market
- Vendors covered
- Vendor classification
- Market positioning of vendors
- Competitive scenario
Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
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