Parabolic Flight Tourism Global Market Report 2024

Description

“Parabolic Flight Tourism Global Market Report 2024 ” from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.

This report focuses on parabolic flight tourism market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.

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Where is the largest and fastest growing market for parabolic flight tourism? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? “The parabolic flight tourism market global report ” from The Business Research Company answers all these questions and many more.

The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.

Scope

Markets Covered:

1) By Type: Suborbital Parabolic Flight; Orbital Parabolic Flight
2) By Application: Scientific Research And Exploration; Leisure; Other Applications
3) By End-Use: Government; Commercial
Companies Mentioned: Zero Gravity Corporation; Novespace; MiGFlug GmbH; Beings Systems; Space Adventures
Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA; Canada; Italy; Spain
Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Time series: Five years historic and ten years forecast.
Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita,
Data segmentations: country and regional historic and forecast data, market share of competitors, market segments.
Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
Delivery format: PDF, Word and Excel Data Dashboard.

Executive Summary

Parabolic flight tourism involves traveling on flights that can simulate microgravity, providing a valuable opportunity for short scientific and technological experiments under lower gravity conditions. These flights play a crucial role in validating space equipment and training astronauts before spaceflight, offering a unique way to assess microgravity with humans beyond the extensive training and flights to the International Space Station.

The primary types of parabolic flight tourism include suborbital parabolic flights and orbital parabolic flights. Suborbital parabolic flights involve a trajectory that does not require the aircraft to maintain a specific velocity to orbit a planet. These flights find applications in scientific research, exploration, leisure, and various end-use industries, including government and commercial sectors.

The parabolic flight tourism market research report is one of a series of new reports from The Business Research Company that provides parabolic flight tourism optical components market statistics, including parabolic flight tourism optical components industry global market size, regional shares, competitors with a parabolic flight tourism optical components market share, detailed parabolic flight tourism optical components market segments, market trends and opportunities, and any further data you may need to thrive in the parabolic flight tourism optical components industry. This parabolic flight tourism optical components market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The parabolic flight tourism market size has grown exponentially in recent years. It will grow from $25.34 billion in 2023 to $34.21 billion in 2024 at a compound annual growth rate (CAGR) of 35.0%. The growth observed in the historical period can be attributed to factors such as research and development, the expansion of the aerospace industry, early adopter enthusiasm, increasing demand from tourists for novel experiences, and a rise in disposable income.

The parabolic flight tourism market size is expected to see exponential growth in the next few years. It will grow to $117.83 billion in 2028 at a compound annual growth rate (CAGR) of 36.2%. The anticipated growth in the forecast period can be attributed to the expansion of the commercial space industry, evolving regulations, increasing space exploration ambitions, sustainability initiatives, and market competition and diversification. Major trends expected in the forecast period encompass diverse consumer demographics, customized experiences, a focus on environmental sustainability, unique destination packages, and a growing emphasis on medical and wellness-focused offerings.

The parabolic flight tourism market is set to experience growth, driven by the increasing popularity of space-related tourism activities. Space-related tourism encompasses various experiences, from traveling to space as a tourist to witnessing rocket launches and engaging in space-centric destinations. Parabolic flights emerge as a safe and cost-effective medium for space tourism, allowing people to experience the thrill of space exploration and facilitating scientific investigations. The growing interest in space-related tourism activities is reflected in the Space Foundation's data, revealing a 6.4% increase in earnings in the commercial sector of the space industry, surpassing $224 billion in sales of goods and services.

The parabolic flight tourism market is further propelled by the rise in adventure tourism, appealing to individuals seeking unique and exhilarating experiences. Adventure tourism, with its focus on personal growth, adrenaline rushes, and connection with nature, aligns seamlessly with the offerings of parabolic flight tourism. The Adventure Travel Trade Association's data from 2022 indicates a significant increase in trip participation, with an average of 52% full compared to 36% in 2020.

Technological advancements emerge as a prominent trend in the parabolic flight tourism market, with major companies striving to develop innovative solutions. Zero-G, a leading American weightless flight operator, exemplifies this trend by announcing plans to introduce in-flight studio recording for musicians, requiring alterations to enhance sound and heat protection.

Strategic partnerships play a vital role in driving revenues in the parabolic flight tourism market, with major companies collaborating to leverage each other's strengths. In May 2023, Novespace, a US-based company specializing in parabolic flights for space agencies and scientific research, joined forces with Airbus Group SE, a Netherlands-based aircraft company. The partnership focuses on developing technologies and strategies for space tourism, including parabolic flights, catering to both space tourists and scientific research programs.

In September 2022, 0-G Launch, a US-based provider of microgravity parabolic flights, partnered with SpaceLand Africa Ltd. This collaboration aims to launch high-quality zero-gravity parabolic flights from Switzerland, Italy, and Mauritius, serving STEM user groups and tourists on their respective continents. SpaceLand Africa Ltd, based in Mauritius, is a governmental agency focused on weightless research and development.

Major companies operating in the parabolic flight tourism market report are Zero Gravity Corporation, Novespace, MiGFlug GmbH, Beings Systems, Space Adventures, Airbus Group SE, Vegitel, ASTRAX, XCOR Aerospace, Virgin Galactic, Spaceflight. Inc., SpaceX, Blue Origin, Orion Span, Bigelow Aerospace, World View Enterprises, Space Perspective, Elysium Space, Space Island Group, SpaceVision, Zero 2 Infinity, Rocketplane Global, Armadillo Aerospace, Masten Space Systems, UP Aerospace, Interorbital Systems, Spaceport America, Agile Space Industries, Axiom Space, Waypoint 2 Space .

North America was the largest region in the parabolic flight tourism market in 2023. The regions covered in the parabolic flight tourism market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

The countries covered in the parabolic flight tourism market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The parabolic flight tourism market includes revenues earned by entities by providing services such as reproducing gravity-free conditions and performing short-duration scientific and technological experiments. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

Product Code: r11217

1. Executive Summary

2. Parabolic Flight Tourism Market Characteristics

3. Parabolic Flight Tourism Market Trends And Strategies

4. Parabolic Flight Tourism Market - Macro Economic Scenario

4.1. Impact Of High Inflation On the Market
4.2. Ukraine-Russia War Impact On the Market
4.3. COVID-19 Impact On the Market

5. Global Parabolic Flight Tourism Market Size and Growth

5.1. Global Parabolic Flight Tourism Market Drivers and Restraints
- 5.1.1. Drivers Of The Market
- 5.1.2. Restraints Of The Market
5.2. Global Parabolic Flight Tourism Historic Market Size and Growth, 2018 - 2023, Value ($ Billion)
5.3. Global Parabolic Flight Tourism Forecast Market Size and Growth, 2023 - 2028, 2033F, Value ($ Billion)

6. Parabolic Flight Tourism Market Segmentation

6.1. Global Parabolic Flight Tourism Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Suborbital Parabolic Flight
Orbital Parabolic Flight
6.2. Global Parabolic Flight Tourism Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Scientific Research And Exploration
Leisure
Other Applications
6.3. Global Parabolic Flight Tourism Market, Segmentation By End-Use, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Government
Commercial

7. Parabolic Flight Tourism Market Regional And Country Analysis

7.1. Global Parabolic Flight Tourism Market, Split By Region, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
7.2. Global Parabolic Flight Tourism Market, Split By Country, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

8. Asia-Pacific Parabolic Flight Tourism Market

8.1. Asia-Pacific Parabolic Flight Tourism Market Overview
Region Information, Impact Of COVID-19, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies
8.2. Asia-Pacific Parabolic Flight Tourism Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
8.3. Asia-Pacific Parabolic Flight Tourism Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
8.4. Asia-Pacific Parabolic Flight Tourism Market, Segmentation By End-Use, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

9. China Parabolic Flight Tourism Market

9.1. China Parabolic Flight Tourism Market Overview
9.2. China Parabolic Flight Tourism Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion
9.3. China Parabolic Flight Tourism Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion
9.4. China Parabolic Flight Tourism Market, Segmentation By End-Use, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion

10. India Parabolic Flight Tourism Market

10.1. India Parabolic Flight Tourism Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
10.2. India Parabolic Flight Tourism Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
10.3. India Parabolic Flight Tourism Market, Segmentation By End-Use, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

11. Japan Parabolic Flight Tourism Market

11.1. Japan Parabolic Flight Tourism Market Overview
11.2. Japan Parabolic Flight Tourism Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
11.3. Japan Parabolic Flight Tourism Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
11.4. Japan Parabolic Flight Tourism Market, Segmentation By End-Use, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

12. Australia Parabolic Flight Tourism Market

12.1. Australia Parabolic Flight Tourism Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
12.2. Australia Parabolic Flight Tourism Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
12.3. Australia Parabolic Flight Tourism Market, Segmentation By End-Use, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

13. Indonesia Parabolic Flight Tourism Market

13.1. Indonesia Parabolic Flight Tourism Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
13.2. Indonesia Parabolic Flight Tourism Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
13.3. Indonesia Parabolic Flight Tourism Market, Segmentation By End-Use, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

14. South Korea Parabolic Flight Tourism Market

14.1. South Korea Parabolic Flight Tourism Market Overview
14.2. South Korea Parabolic Flight Tourism Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
14.3. South Korea Parabolic Flight Tourism Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
14.4. South Korea Parabolic Flight Tourism Market, Segmentation By End-Use, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

15. Western Europe Parabolic Flight Tourism Market

15.1. Western Europe Parabolic Flight Tourism Market Overview
15.2. Western Europe Parabolic Flight Tourism Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
15.3. Western Europe Parabolic Flight Tourism Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
15.4. Western Europe Parabolic Flight Tourism Market, Segmentation By End-Use, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

16. UK Parabolic Flight Tourism Market

16.1. UK Parabolic Flight Tourism Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
16.2. UK Parabolic Flight Tourism Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
16.3. UK Parabolic Flight Tourism Market, Segmentation By End-Use, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

17. Germany Parabolic Flight Tourism Market

17.1. Germany Parabolic Flight Tourism Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
17.2. Germany Parabolic Flight Tourism Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
17.3. Germany Parabolic Flight Tourism Market, Segmentation By End-Use, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

18. France Parabolic Flight Tourism Market

18.1. France Parabolic Flight Tourism Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
18.2. France Parabolic Flight Tourism Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
18.3. France Parabolic Flight Tourism Market, Segmentation By End-Use, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

19. Italy Parabolic Flight Tourism Market

19.1. Italy Parabolic Flight Tourism Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
19.2. Italy Parabolic Flight Tourism Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
19.3. Italy Parabolic Flight Tourism Market, Segmentation By End-Use, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

20. Spain Parabolic Flight Tourism Market

20.1. Spain Parabolic Flight Tourism Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
20.2. Spain Parabolic Flight Tourism Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
20.3. Spain Parabolic Flight Tourism Market, Segmentation By End-Use, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

21. Eastern Europe Parabolic Flight Tourism Market

21.1. Eastern Europe Parabolic Flight Tourism Market Overview
21.2. Eastern Europe Parabolic Flight Tourism Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
21.3. Eastern Europe Parabolic Flight Tourism Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
21.4. Eastern Europe Parabolic Flight Tourism Market, Segmentation By End-Use, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

22. Russia Parabolic Flight Tourism Market

22.1. Russia Parabolic Flight Tourism Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
22.2. Russia Parabolic Flight Tourism Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
22.3. Russia Parabolic Flight Tourism Market, Segmentation By End-Use, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

23. North America Parabolic Flight Tourism Market

23.1. North America Parabolic Flight Tourism Market Overview
23.2. North America Parabolic Flight Tourism Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
23.3. North America Parabolic Flight Tourism Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
23.4. North America Parabolic Flight Tourism Market, Segmentation By End-Use, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

24. USA Parabolic Flight Tourism Market

24.1. USA Parabolic Flight Tourism Market Overview
24.2. USA Parabolic Flight Tourism Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
24.3. USA Parabolic Flight Tourism Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
24.4. USA Parabolic Flight Tourism Market, Segmentation By End-Use, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

25. Canada Parabolic Flight Tourism Market

25.1. Canada Parabolic Flight Tourism Market Overview
25.2. Canada Parabolic Flight Tourism Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
25.3. Canada Parabolic Flight Tourism Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
25.4. Canada Parabolic Flight Tourism Market, Segmentation By End-Use, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

26. South America Parabolic Flight Tourism Market

26.1. South America Parabolic Flight Tourism Market Overview
26.2. South America Parabolic Flight Tourism Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
26.3. South America Parabolic Flight Tourism Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
26.4. South America Parabolic Flight Tourism Market, Segmentation By End-Use, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

27. Brazil Parabolic Flight Tourism Market

27.1. Brazil Parabolic Flight Tourism Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
27.2. Brazil Parabolic Flight Tourism Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
27.3. Brazil Parabolic Flight Tourism Market, Segmentation By End-Use, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

28. Middle East Parabolic Flight Tourism Market

28.1. Middle East Parabolic Flight Tourism Market Overview
28.2. Middle East Parabolic Flight Tourism Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
28.3. Middle East Parabolic Flight Tourism Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
28.4. Middle East Parabolic Flight Tourism Market, Segmentation By End-Use, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

29. Africa Parabolic Flight Tourism Market

29.1. Africa Parabolic Flight Tourism Market Overview
29.2. Africa Parabolic Flight Tourism Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
29.3. Africa Parabolic Flight Tourism Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
29.4. Africa Parabolic Flight Tourism Market, Segmentation By End-Use, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

30. Parabolic Flight Tourism Market Competitive Landscape And Company Profiles

30.1. Parabolic Flight Tourism Market Competitive Landscape
30.2. Parabolic Flight Tourism Market Company Profiles
- 30.2.1. Zero Gravity Corporation
  - 30.2.1.1. Overview
  - 30.2.1.2. Products and Services
  - 30.2.1.3. Strategy
  - 30.2.1.4. Financial Performance
- 30.2.2. Novespace
  - 30.2.2.1. Overview
  - 30.2.2.2. Products and Services
  - 30.2.2.3. Strategy
  - 30.2.2.4. Financial Performance
- 30.2.3. MiGFlug GmbH
  - 30.2.3.1. Overview
  - 30.2.3.2. Products and Services
  - 30.2.3.3. Strategy
  - 30.2.3.4. Financial Performance
- 30.2.4. Beings Systems
  - 30.2.4.1. Overview
  - 30.2.4.2. Products and Services
  - 30.2.4.3. Strategy
  - 30.2.4.4. Financial Performance
- 30.2.5. Space Adventures
  - 30.2.5.1. Overview
  - 30.2.5.2. Products and Services
  - 30.2.5.3. Strategy
  - 30.2.5.4. Financial Performance

31. Global Parabolic Flight Tourism Market Competitive Benchmarking

32. Global Parabolic Flight Tourism Market Competitive Dashboard

33. Key Mergers And Acquisitions In The Parabolic Flight Tourism Market

34. Parabolic Flight Tourism Market Future Outlook and Potential Analysis

34.1 Parabolic Flight Tourism Market In 2028 - Countries Offering Most New Opportunities
34.2 Parabolic Flight Tourism Market In 2028 - Segments Offering Most New Opportunities
34.3 Parabolic Flight Tourism Market In 2028 - Growth Strategies
- 34.3.1 Market Trend Based Strategies
- 34.3.2 Competitor Strategies

35. Appendix

35.1. Abbreviations
35.2. Currencies
35.3. Historic And Forecast Inflation Rates
35.4. Research Inquiries
35.5. The Business Research Company
35.6. Copyright And Disclaimer