The global space tourism market is expected to grow by USD 5.16 billion during 2021-2025, according to Technavio. The report offers a detailed analysis of the impact of the COVID-19 pandemic on the space tourism market in optimistic, probable, and pessimistic forecast scenarios.

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

Major Three Space Tourism Market Participants:

Airbus SE global Space Tourism
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.