Space Tourism Market
Space Tourism Market Forecasts to 2030 - Global Analysis By Type (Suborbital Tourism, Orbital Tourism, Lunar Tourism, Deep Space Tourism and Other Types), Vehicle Type, Application, End User and By Geography
|
Years Covered |
2022-2030 |
|
Estimated Year Value (2024) |
US $892.52 MN |
|
Projected Year Value (2030) |
US $1516.27 MN |
|
CAGR (2024 - 2030) |
38.2% |
|
Regions Covered |
North America, Europe, Asia Pacific, South America, and Middle East & Africa |
|
Countries Covered |
US, Canada, Mexico, Germany, UK, Italy, France, Spain, Japan, China, India, Australia, New Zealand, South Korea, Rest of Asia Pacific, South America, Argentina, Brazil, Chile, Middle East & Africa, Saudi Arabia, UAE, Qatar, and South Africa |
|
Largest Market |
Asia Pacific |
|
Highest Growing Market |
North America |
According to Stratistics MRC, the Global Space Tourism Market is accounted for $892.52 million in 2024 and is expected to reach $1516.27 million by 2030 growing at a CAGR of 38.2% during the forecast period. Space tourism refers to the commercial activity of sending private individuals into space for recreational, leisure, or adventure purposes. It allows civilians, rather than professional astronauts, to experience space travel, including suborbital and orbital flights. Space tourism is an emerging sector, promising future opportunities such as lunar and Mars tourism.
According to a survey conducted by Cowen and UBS, approximately 20% of respondents polled by UBS stated they are ""likely to purchase a ticket on a spaceship within 1 year..
Market Dynamics:
Driver:
Growing interest in space exploration
Inspired by space missions, Mars exploration, and lunar projects, individuals and investors seek new spaceflight experiences. Media coverage, documentaries, and billionaire-led missions by Elon Musk, Jeff Bezos, and Richard Branson have further amplified enthusiasm. This rising fascination encourages private space companies to develop affordable and reusable spacecraft, making space travel more accessible. As space exploration advances, tourism benefits from technological innovations and expanding infrastructure, ensuring sustained growth.
Restraint:
Expensive ticket prices
Space tourism has expensive ticket prices due to high development, launch, and operational costs. Building and maintaining rockets, space capsules, and safety systems require significant investment. Limited flight frequency, specialized training, and strict regulatory requirements further drive-up costs. Additionally, insurance, fuel, and infrastructure expenses contribute to pricing. These high costs hamper market growth by restricting access to ultra-wealthy individuals, limiting mass adoption.
Opportunity:
Potential for space habitats
Concepts like space hotels, lunar bases, and orbital stations attract wealthy tourists and researchers seeking unique space experiences. Many major companies are developing commercial space stations for tourism and research. These habitats enable longer-duration trips, making space tourism more immersive and commercially viable. As technology advances and costs decline, space habitats will create new business models, increasing demand for private space travel, luxury stays, and scientific missions, further driving market expansion.
Threat:
Safety concerns
Space tourism faces major safety concerns, including rocket failures, extreme conditions, radiation exposure, and emergency preparedness. Risks of launch accidents, spacecraft malfunctions, and re-entry issues create uncertainty. The physical strain of space travel also raises health risks for passengers. These safety concerns hamper market growth by reducing consumer confidence, increasing regulatory scrutiny, and driving high insurance costs.
Covid-19 Impact:
The covid-19 pandemic temporarily slowed the space tourism market due to travel restrictions, supply chain disruptions, and economic downturns affecting investments. Companies faced delays in spacecraft development and testing, pushing back commercial launches. However, interest in space travel remained strong, with billionaires investing heavily. The pandemic highlighted the need for private space missions, boosting long-term demand. As the world recovered, space tourism rebounded.
The space capsules segment is expected to be the largest during the forecast period
The space capsules segment is expected to account for the largest market share during the forecast period. Space capsules play a crucial role in space tourism, providing a safe and comfortable environment for passengers during space travel. These capsules feature large windows, pressurized cabins, and safety systems to ensure a secure experience. Equipped with life-support systems and autonomous controls, they enable tourists to enjoy microgravity and Earth views. Reusability and advanced technology make space capsules essential for the future of commercial space tourism.
The scientific research & experiments segment is expected to have the highest CAGR during the forecast period
Over the forecast period, the scientific research & experiments segment is predicted to witness the highest growth rate. Space tourism supports scientific research and experiments by providing commercial access to microgravity environments. Researchers use spaceflights for biomedical studies, material science, and space farming experiments. This enhances innovation in pharmaceuticals, physics, and space technology. As space tourism grows, it offers new opportunities for affordable and frequent scientific experiments, accelerating advancements in various fields.
Region with largest share:
During the forecast period, the Asia Pacific region is expected to hold the largest market share fuelled by increasing government support, private investments, and technological advancements. Countries like China, Japan, and India are leading the region with active space programs and private-sector involvement. Companies such as ISRO, JAXA, and private firms like iSpace are exploring commercial spaceflight opportunities. The region is poised for significant future growth in space tourism.
Region with highest CAGR:
Over the forecast period, the North America region is anticipated to exhibit the highest CAGR, driven by strong private sector investment, government support, and technological advancements. The U.S. leads with companies like SpaceX, Blue Origin, and Virgin Galactic, offering suborbital and orbital experiences. NASA’s collaboration with private firms accelerates industry growth, while high-net-worth individuals drive demand. With increasing competition and innovation, North America remains at the forefront of the commercial space tourism industry.
Key players in the market
Some of the key players in Space Tourism market include SpaceX, Virgin Galactic, Blue Origin, Boeing Company, Zero 2 Infinity, Space Adventures, World View Enterprises, Axiom Space, Inc., Rocket Lab USA, Space Perspective, Airbus Group SE, Sierra Space, The Spaceship Company, Copenhagen Suborbitals, PD AeroSpace, AST SpaceMobile, Intuitive Machines, Redwire Corp., United Launch Alliance (ULA) and Arianespace.
Key Developments:
In August 2024, Blue Origin has launched its sixth crewed mission to space today from its West Texas facility. The mission, designated NS-26, marks the 26th overall flight of the New Shepard rocket-capsule system, a reusable suborbital spacecraft designed for commercial space tourism and scientific research. The flight carried six passengers, providing them with a brief but exhilarating journey beyond the Kármán Line, the internationally recognized boundary of space, approximately 100 kilometers (62 miles) above Earth.
In June 2024, Virgin Galactic has collaborated with Blue Origin and Space Perspective in aspiring to make the final frontier open to all who can afford it. By developing suborbital flight experiences, these companies aim to offer civilians a chance to experience weightlessness, witness breathtaking views of Earth from space, and participate in a journey once reserved for astronauts.
Types Covered:
• Suborbital Tourism
• Orbital Tourism
• Lunar Tourism
• Deep Space Tourism
• Other Types
Vehicle Types Covered:
• Rockets
• Spaceplanes
• Space Capsules
• High-Altitude Balloons
• Reusable Launch Vehicles (RLVs)
• Other Vehicle Types
Applications Covered:
• Commercial Space Travel
• Scientific Research & Experiments
• Media & Entertainment
• Space Sports & Recreation
• Other Applications
End Users Covered:
• Private Tourists
• Government & Space Agencies
• Corporations & Businesses
• Educational & Research Institutions
• Other End Users
Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2022, 2023, 2024, 2026, and 2030
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
Table of Contents
1 Executive Summary
2 Preface
2.1 Abstract
2.2 Stake Holders
2.3 Research Scope
2.4 Research Methodology
2.4.1 Data Mining
2.4.2 Data Analysis
2.4.3 Data Validation
2.4.4 Research Approach
2.5 Research Sources
2.5.1 Primary Research Sources
2.5.2 Secondary Research Sources
2.5.3 Assumptions
3 Market Trend Analysis
3.1 Introduction
3.2 Drivers
3.3 Restraints
3.4 Opportunities
3.5 Threats
3.6 Application Analysis
3.7 End User Analysis
3.8 Emerging Markets
3.9 Impact of Covid-19
4 Porters Five Force Analysis
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry
5 Global Space Tourism Market, By Type
5.1 Introduction
5.2 Suborbital Tourism
5.3 Orbital Tourism
5.4 Lunar Tourism
5.5 Deep Space Tourism
5.6 Other Types
6 Global Space Tourism Market, By Vehicle Type
6.1 Introduction
6.2 Rockets
6.3 Spaceplanes
6.4 Space Capsules
6.5 High-Altitude Balloons
6.6 Reusable Launch Vehicles (RLVs)
6.7 Other Vehicle Types
7 Global Space Tourism Market, By Application
7.1 Introduction
7.2 Commercial Space Travel
7.3 Scientific Research & Experiments
7.4 Media & Entertainment
7.5 Space Sports & Recreation
7.6 Other Applications
8 Global Space Tourism Market, By End User
8.1 Introduction
8.2 Private Tourists
8.3 Government & Space Agencies
8.4 Corporations & Businesses
8.5 Educational & Research Institutions
8.6 Other End Users
9 Global Space Tourism Market, By Geography
9.1 Introduction
9.2 North America
9.2.1 US
9.2.2 Canada
9.2.3 Mexico
9.3 Europe
9.3.1 Germany
9.3.2 UK
9.3.3 Italy
9.3.4 France
9.3.5 Spain
9.3.9 Rest of Europe
9.4 Asia Pacific
9.4.1 Japan
9.4.2 China
9.4.3 India
9.4.4 Australia
9.4.5 New Zealand
9.4.9 South Korea
9.4.7 Rest of Asia Pacific
9.5 South America
9.5.1 Argentina
9.5.2 Brazil
9.5.3 Chile
9.5.4 Rest of South America
9.9 Middle East & Africa
9.9.1 Saudi Arabia
9.9.2 UAE
9.9.3 Qatar
9.9.4 South Africa
9.9.5 Rest of Middle East & Africa
10 Key Developments
10.1 Agreements, Partnerships, Collaborations and Joint Ventures
10.2 Acquisitions & Mergers
10.3 New Product Launch
10.4 Expansions
10.5 Other Key Strategies
11 Company Profiling
11.1 SpaceX
11.2 Virgin Galactic
11.3 Blue Origin
11.4 Boeing Company
11.5 Zero 2 Infinity
11.6 Space Adventures
11.7 World View Enterprises
11.8 Axiom Space, Inc.
11.9 Rocket Lab USA
11.10 Space Perspective
11.11 Airbus Group SE
11.12 Sierra Space
11.13 The Spaceship Company
11.14 Copenhagen Suborbitals
11.15 PD AeroSpace
11.16 AST SpaceMobile
11.17 Intuitive Machines
11.18 Redwire Corp.
11.19 United Launch Alliance (ULA)
11.20 Arianespace
List of Tables
1 Global Space Tourism Market Outlook, By Region (2022-2030) ($MN)
2 Global Space Tourism Market Outlook, By Type (2022-2030) ($MN)
3 Global Space Tourism Market Outlook, By Suborbital Tourism (2022-2030) ($MN)
4 Global Space Tourism Market Outlook, By Orbital Tourism (2022-2030) ($MN)
5 Global Space Tourism Market Outlook, By Lunar Tourism (2022-2030) ($MN)
6 Global Space Tourism Market Outlook, By Deep Space Tourism (2022-2030) ($MN)
7 Global Space Tourism Market Outlook, By Other Types (2022-2030) ($MN)
8 Global Space Tourism Market Outlook, By Vehicle Type (2022-2030) ($MN)
9 Global Space Tourism Market Outlook, By Rockets (2022-2030) ($MN)
10 Global Space Tourism Market Outlook, By Spaceplanes (2022-2030) ($MN)
11 Global Space Tourism Market Outlook, By Space Capsules (2022-2030) ($MN)
12 Global Space Tourism Market Outlook, By High-Altitude Balloons (2022-2030) ($MN)
13 Global Space Tourism Market Outlook, By Reusable Launch Vehicles (RLVs) (2022-2030) ($MN)
14 Global Space Tourism Market Outlook, By Other Vehicle Types (2022-2030) ($MN)
15 Global Space Tourism Market Outlook, By Application (2022-2030) ($MN)
16 Global Space Tourism Market Outlook, By Commercial Space Travel (2022-2030) ($MN)
17 Global Space Tourism Market Outlook, By Scientific Research & Experiments (2022-2030) ($MN)
18 Global Space Tourism Market Outlook, By Media & Entertainment (2022-2030) ($MN)
19 Global Space Tourism Market Outlook, By Space Sports & Recreation (2022-2030) ($MN)
20 Global Space Tourism Market Outlook, By Other Applications (2022-2030) ($MN)
21 Global Space Tourism Market Outlook, By End User (2022-2030) ($MN)
22 Global Space Tourism Market Outlook, By Private Tourists (2022-2030) ($MN)
23 Global Space Tourism Market Outlook, By Government & Space Agencies (2022-2030) ($MN)
24 Global Space Tourism Market Outlook, By Corporations & Businesses (2022-2030) ($MN)
25 Global Space Tourism Market Outlook, By Educational & Research Institutions (2022-2030) ($MN)
26 Global Space Tourism Market Outlook, By Other End Users (2022-2030) ($MN)
Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.
List of Figures
RESEARCH METHODOLOGY
We at ‘Stratistics’ opt for an extensive research approach which involves data mining, data validation, and data analysis. The various research sources include in-house repository, secondary research, competitor’s sources, social media research, client internal data, and primary research.
Our team of analysts prefers the most reliable and authenticated data sources in order to perform the comprehensive literature search. With access to most of the authenticated data bases our team highly considers the best mix of information through various sources to obtain extensive and accurate analysis.
Each report takes an average time of a month and a team of 4 industry analysts. The time may vary depending on the scope and data availability of the desired market report. The various parameters used in the market assessment are standardized in order to enhance the data accuracy.
Data Mining
The data is collected from several authenticated, reliable, paid and unpaid sources and is filtered depending on the scope & objective of the research. Our reports repository acts as an added advantage in this procedure. Data gathering from the raw material suppliers, distributors and the manufacturers is performed on a regular basis, this helps in the comprehensive understanding of the products value chain. Apart from the above mentioned sources the data is also collected from the industry consultants to ensure the objective of the study is in the right direction.
Market trends such as technological advancements, regulatory affairs, market dynamics (Drivers, Restraints, Opportunities and Challenges) are obtained from scientific journals, market related national & international associations and organizations.
Data Analysis
From the data that is collected depending on the scope & objective of the research the data is subjected for the analysis. The critical steps that we follow for the data analysis include:
- Product Lifecycle Analysis
- Competitor analysis
- Risk analysis
- Porters Analysis
- PESTEL Analysis
- SWOT Analysis
The data engineering is performed by the core industry experts considering both the Marketing Mix Modeling and the Demand Forecasting. The marketing mix modeling makes use of multiple-regression techniques to predict the optimal mix of marketing variables. Regression factor is based on a number of variables and how they relate to an outcome such as sales or profits.
Data Validation
The data validation is performed by the exhaustive primary research from the expert interviews. This includes telephonic interviews, focus groups, face to face interviews, and questionnaires to validate our research from all aspects. The industry experts we approach come from the leading firms, involved in the supply chain ranging from the suppliers, distributors to the manufacturers and consumers so as to ensure an unbiased analysis.
We are in touch with more than 15,000 industry experts with the right mix of consultants, CEO's, presidents, vice presidents, managers, experts from both supply side and demand side, executives and so on.
The data validation involves the primary research from the industry experts belonging to:
- Leading Companies
- Suppliers & Distributors
- Manufacturers
- Consumers
- Industry/Strategic Consultants
Apart from the data validation the primary research also helps in performing the fill gap research, i.e. providing solutions for the unmet needs of the research which helps in enhancing the reports quality.
For more details about research methodology, kindly write to us at info@strategymrc.com
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