A market for in-space manufacturing and assembly (ISMA) and on-orbit services (OOS) is currently shaping which could reach several billions of dollars, with valuations ranging from US$ 3 billion (SpaceTec Partners, NSR 2019) to US$ 6.2 billion (NSR, 2020).
NSR’s newly released Space Tourism & Travel Markets, 3rd Edition (STT3) report sees more than 57,500 passengers heading to space through the decade, generating $20.3 Billion cumulative revenues. As the most stable and lucrative segment through 2031, Orbital Travel is set to capture 66% of total revenue opportunity. Orbital Travel has strong government support with initiatives such.
NSR’s newly released Space Tourism & Travel Markets, 3rd Edition (STT3) report sees over 57,500 passengers heading to ‘space’ through the decade, generating $20.3 Billion cumulative revenues. NSR’s STT3 finds the rapid growth seen in the Space Tourism & Travel Markets driven by a growing commercial passenger interest, along with government funding and demand. As the most stable and lucrative.
Growing Commercial Passenger Interest, Along with Government Funding and Demand, Drive Space Tourism & Travel Market Revenues Cambridge, MA- January 14th, 2022- NSR’s newly released Space Tourism & Travel Markets, 3rd Edition (STT3) report sees over 57,500 passengers heading to “space” through the decade, generating $20.3 Billion cumulative revenues. NSR’s STT3 finds the rapid growth.
“Security is a prime component for both ground segment and satellites at the moment,” pointing to the satellites in development that are leveraging quantum computing to protect communications networks. “In the current state of the market, players are aiming to prove technology via the traditional means of building an ecosystem with key players and user.