The Parabolic Flight Tourism Global Market Report 2023, provides comprehensive information on the parabolic flight tourism market across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten year historic period – 2010-2021, and a ten year forecast period – 2023-2032.
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The global parabolic flight tourism market size is expected to grow from $18.83 billion in 2022 to $25.42 billion in 2023 at a compound annual growth rate (CAGR) of 34.94%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global parabolic flight tourism market size is expected to reach $86.70 billion in 2027 at a CAGR of 35.90%.
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Technological advancements are a key trend gaining popularity in the parabolic flight tourism market going forward. Major companies operating in the parabolic flight tourism market are focused on developing new technological solutions to strengthen their position. For instance, in June 2022, Zero-G, an American company which operates weightless flights, announced plans to introduce a new business line involving offering in-flight studio recording for musicians. For this, Zero-G need to alter the flight suitably, company plans to cover the plane in a new material that stimulates a superior sound and heat protection.
The parabolic flight tourism market is segmented:
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
North America was the largest region in the parabolic flight tourism market in 2022.
The table of contents in TBRC’s parabolic flight tourism market report includes:
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