Space Tourism Market is estimated to be US$ 2301.41 million by 2030 with a CAGR of 11.5% during the forecast period prophecymarketinsights.com

Space tourism refers to travel into space for recreational and leisure purposes other than scientific research. Orbital, suborbital, and lunar space tourism are the three types of space tourism. Several businesses are developing and testing spaceships with the goal of transporting passengers to space on a regular basis. Over the forecast period, rising travel and tourist expenditure is expected to boost global demand for space tourism. The market for space travel is expected to grow as investments in space tourism increase. Currently, a number of commercial suborbital spacecraft with a variety of capabilities are being developed. The Suborbital Applications Research Group (SARG) was formed by the Commercial Spaceflight Federation to increase awareness of the research and education possibilities of the suborbital reusable launch vehicles in development. In addition, the National Aerospace Training and Research Center (NASTAR) and the Southwest Research Institute (SwRI) collaborated to develop a suborbital space scientist training course in advance of human-assisted research on commercial suborbital spacecraft. These measures will almost certainly have a favorable effect on the worldwide space tourism business.