
Space Tourism Market Share, Size, Trends, Industry Analysis Report, By Type(Sub-Orbital, Orbital, Others); By End-User; By Region; Segment Forecast, 2024 - 2032
Description
Space Tourism Market Share, Size, Trends, Industry Analysis Report, By Type(Sub-Orbital, Orbital, Others); By End-User; By Region; Segment Forecast, 2024 - 2032
The space tourism market size is expected to reach USD 27,861.99 million by 2032, according to a new study by Polaris Market Research. The report “Space Tourism Market Share, Size, Trends, Industry Analysis Report, By Type (Sub-Orbital, Orbital, Others); By End-User; By Region; Segment Forecast, 2024 - 2032” gives a detailed insight into current market dynamics and provides analysis on future market growth.
Space exploration is becoming more feasible, and there is a surge of R&D initiatives aimed at improving the safety, efficiency, and accessibility of space travel. Advanced technologies, such as reusable rocket systems and spacecraft designs, are continuously evolving through intensive research, making space tourism more cost-effective and sustainable. Innovations in propulsion systems, life support technologies, and materials science are contributing to the development of more robust and reliable spacecraft. Research and development efforts are currently focused on addressing the challenges associated with extended space journeys. Safety and health concerns for space tourists are being considered.
The collaboration between private space companies and government space agencies fosters joint research initiatives in the realm of space tourism. As a result of these R&D endeavors, the space tourism market is poised for growth, offering new and exciting opportunities for both the aerospace industry and aspiring space travelers. Space tourism involves commercial activities related to the cosmos, such as space travel, rocket launches, stargazing, and visiting space-oriented destinations.
The space tourism industry is rapidly growing due to strategic partnerships between space tourism companies and technology providers. This collaboration has become essential for the accelerated growth of the space tourism market. Space tourism companies that aim to make space travel accessible to civilians lack the extensive technological infrastructure required for such ambitious endeavors. By partnering with established technology providers, these companies can leverage cutting-edge advancements in spacecraft design, propulsion systems, and safety protocols.
Government support is a crucial driver for the space tourism market growth. Through investment initiatives and regulatory frameworks, governments are creating a favorable environment for private businesses to flourish and innovate. Research grants, financial incentives, and collaborations with government space agencies are providing important resources to both new and established players in the space tourism industry. These partnerships not only enhance the industry's credibility but also promote the development of cutting-edge technologies and infrastructure essential for the continued progress and sustainability of space tourism.
Space Tourism Market Report Highlights
The sub-orbital segment held the largest market share in 2023, owing to the simplicity of the operations and less intricate tourism in space science.
The government segment is witnessed for the fastest growth in 2023, due to the rising awareness of the space programs and the several initiatives with the governments.
North America dominated the space tourism market, owing to the huge investment by the key players, service providers, and growing advancements in space science.
The key market players include Airbus, Axiom Space, Blue Origin, Boeing, Rocket Lab USA, Space Adventures, SpaceX, Space Perspective, Virgin Galactic, World View Enterprises, Inc., Zero 2 Infinity, and Zero Gravity Corporation.
Polaris Market Research has segmented the space tourism market report based on type, end-user, and region:
Space Tourism, Type Outlook (Revenue - USD Million, 2019 - 2032)
Sub-Orbital
Orbital
Others
Space Tourism, End-User Outlook (Revenue - USD Million, 2019 - 2032)
Commercial
Government
Others
Space Tourism, Regional Outlook (Revenue - USD Million, 2019 - 2032)
North America
U.S.
Canada
Europe
Germany
UK
France
Italy
Spain
Russia
Netherlands
Rest of Europe
Asia Pacific
China
India
Japan
South Korea
Indonesia
Australia
Malaysia
Rest of Asia Pacific
Latin America
Argentina
Brazil
Mexico
Rest of Latin America
Middle East & Africa
UAE
Saudi Arabia
Israel
South Africa
Rest of Middle East & Africa
Table of Contents
116 Pages
- 1. Introduction
- 1.1. Report Description
- 1.1.1. Objectives of the Study
- 1.1.2. Market Scope
- 1.1.3. Assumptions
- 1.2. Stakeholders
- 2. Executive Summary
- 2.1. Market Highlights
- 3. Research Methodology
- 3.1. Overview
- 3.1.1. Data Mining
- 3.2. Data Sources
- 3.2.1. Primary Sources
- 3.2.2. Secondary Sources
- 4. Global Space Tourism Market Insights
- 4.1. Space Tourism Market – Industry Snapshot
- 4.2. Space Tourism Market Dynamics
- 4.2.1. Drivers and Opportunities
- 4.2.1.1. Technological advancements in space tourism drive the growth of the market
- 4.2.1.2. Rising interest beyond the different types of space tourism is facilitating the growth of the market
- 4.2.2. Restraints and Challenges
- 4.2.2.1. Environmental concerns associated
- 4.3. Porter’s Five Forces Analysis
- 4.3.1. Bargaining Power of Suppliers (Moderate)
- 4.3.2. Threats of New Entrants: (Low)
- 4.3.3. Bargaining Power of Buyers (Moderate)
- 4.3.4. Threat of Substitute (Moderate)
- 4.3.5. Rivalry among existing firms (High)
- 4.4. PESTLE Analysis
- 4.5. Space Tourism Industry trends
- 4.6. Value Chain Analysis
- 4.7. COVID-19 Impact Analysis
- 5. Global Space Tourism Market, by Type
- 5.1. Key Findings
- 5.2. Introduction
- 5.2.1. Global Space Tourism, by Type, 2019-2032 (USD Million)
- 5.3. Sub-Orbital
- 5.3.1. Global Space Tourism Market, by Sub-Orbital, by Region, 2019-2032 (USD Million)
- 5.4. Orbital
- 5.4.1. Global Space Tourism Market, by Orbital, by Region, 2019-2032 (USD Million)
- 5.5. Others
- 5.5.1. Global Space Tourism Market, by Others, by Region, 2019-2032 (USD Million)
- 6. Global Space Tourism Market, by End-User
- 6.1. Key Findings
- 6.2. Introduction
- 6.2.1. Global Space Tourism Market, by End-User, 2019-2032 (USD Million)
- 6.3. Commercial
- 6.3.1. Global Space Tourism Market, by Commercial, by Region, 2019-2032 (USD Million)
- 6.4. Government
- 6.4.1. Global Space Tourism Market, by Government, by Region, 2019-2032 (USD Million)
- 6.5. Others
- 6.5.1. Global Space Tourism Market, by Others, by Region, 2019-2032 (USD Million)
- 7. Global Space Tourism Market, by Geography
- 7.1. Key findings
- 7.2. Introduction
- 7.2.1. Space Tourism Market Assessment, By Geography, 2019-2032 (USD Million)
- 7.3. Space Tourism Market – North America
- 7.3.1. North America: Space Tourism Market, by End-User, 2019-2032 (USD Million)
- 7.3.2. North America: Space Tourism Market, by Type, 2019-2032 (USD Million)
- 7.3.3. Space Tourism Market – U.S.
- 7.3.3.1. U.S.: Space Tourism Market, by End-User, 2019-2032 (USD Million)
- 7.3.3.2. U.S.: Space Tourism Market, by Type, 2019-2032 (USD Million)
- 7.3.4. Space Tourism Market – Canada
- 7.3.4.1. Canada: Space Tourism Market, by End-User, 2019-2032 (USD Million)
- 7.3.4.2. Canada: Space Tourism Market, by Type, 2019-2032 (USD Million)
- 7.4. Space Tourism Market – Europe
- 7.4.1. Europe: Space Tourism Market, by End-User, 2019-2032 (USD Million)
- 7.4.2. Europe: Space Tourism Market, by Type, 2019-2032 (USD Million)
- 7.4.3. Space Tourism Market – UK
- 7.4.3.1. UK: Space Tourism Market, by End-User, 2019-2032 (USD Million)
- 7.4.3.2. UK: Space Tourism Market, by Type, 2019-2032 (USD Million)
- 7.4.4. Space Tourism Market – France
- 7.4.4.1. France: Space Tourism Market, by End-User, 2019-2032 (USD Million)
- 7.4.4.2. France: Space Tourism Market, by Type, 2019-2032 (USD Million)
- 7.4.5. Space Tourism Market – Germany
- 7.4.5.1. Germany: Space Tourism Market, by End-User, 2019-2032 (USD Million)
- 7.4.5.2. Germany: Space Tourism Market, by Type, 2019-2032 (USD Million)
- 7.4.6. Space Tourism Market – Italy
- 7.4.6.1. Italy: Space Tourism Market, by End-User, 2019-2032 (USD Million)
- 7.4.6.2. Italy: Space Tourism Market, by Type, 2019-2032 (USD Million)
- 7.4.7. Space Tourism Market – Spain
- 7.4.7.1. Spain: Space Tourism Market, by End-User, 2019-2032 (USD Million)
- 7.4.7.2. Spain: Space Tourism Market, by Type, 2019-2032 (USD Million)
- 7.4.8. Space Tourism Market – Netherlands
- 7.4.8.1. Netherlands: Space Tourism Market, by End-User, 2019-2032 (USD Million)
- 7.4.8.2. Netherlands: Space Tourism Market, by Type, 2019-2032 (USD Million)
- 7.4.9. Space Tourism Market – Russia
- 7.4.9.1. Russia: Space Tourism Market, by End-User, 2019-2032 (USD Million)
- 7.4.9.2. Russia: Space Tourism Market, by Type, 2019-2032 (USD Million)
- 7.5. Space Tourism Market – Asia Pacific
- 7.5.1. Asia Pacific: Space Tourism Market, by End-User, 2019-2032 (USD Million)
- 7.5.2. Asia Pacific: Space Tourism Market, by Type, 2019-2032 (USD Million)
- 7.5.3. Space Tourism Market – China
- 7.5.3.1. China: Space Tourism Market, by End-User, 2019-2032 (USD Million)
- 7.5.3.2. China: Space Tourism Market, by Type, 2019-2032 (USD Million)
- 7.5.4. Space Tourism Market – India
- 7.5.4.1. India: Space Tourism Market, by End-User, 2019-2032 (USD Million)
- 7.5.4.2. India: Space Tourism Market, by Type, 2019-2032 (USD Million)
- 7.5.5. Space Tourism Market – Malaysia
- 7.5.5.1. Malaysia: Space Tourism Market, by End-User, 2019-2032 (USD Million)
- 7.5.5.2. Malaysia: Space Tourism Market, by Type, 2019-2032 (USD Million)
- 7.5.6. Space Tourism Market – Japan
- 7.5.6.1. Japan: Space Tourism Market, by End-User, 2019-2032 (USD Million)
- 7.5.6.2. Japan: Space Tourism Market, by Type, 2019-2032 (USD Million)
- 7.5.7. Space Tourism Market – Indonesia
- 7.5.7.1. Indonesia: Space Tourism Market, by End-User, 2019-2032 (USD Million)
- 7.5.7.2. Indonesia: Space Tourism Market, by Type, 2019-2032 (USD Million)
- 7.5.8. Space Tourism Market – South Korea
- 7.5.8.1. South Korea: Space Tourism Market, by End-User, 2019-2032 (USD Million)
- 7.5.8.2. South Korea: Space Tourism Market, by Type, 2019-2032 (USD Million)
- 7.6. Space Tourism Market – Middle East & Africa
- 7.6.1. Middle East & Africa: Space Tourism Market, by End-User, 2019-2032 (USD Million)
- 7.6.2. Middle East & Africa: Space Tourism Market, by Type, 2019-2032 (USD Million)
- 7.6.3. Space Tourism Market – Saudi Arabia
- 7.6.3.1. Saudi Arabia: Space Tourism Market, by End-User, 2019-2032 (USD Million)
- 7.6.3.2. Saudi Arabia: Space Tourism Market, by Type, 2019-2032 (USD Million)
- 7.6.4. Space Tourism Market – UAE
- 7.6.4.1. UAE: Space Tourism Market, by End-User, 2019-2032 (USD Million)
- 7.6.4.2. UAE: Space Tourism Market, by Type, 2019-2032 (USD Million)
- 7.6.5. Space Tourism Market – Israel
- 7.6.5.1. Israel: Space Tourism Market, by End-User, 2019-2032 (USD Million)
- 7.6.5.2. Israel: Space Tourism Market, by Type, 2019-2032 (USD Million)
- 7.6.6. Space Tourism Market – South Africa
- 7.6.6.1. South Africa: Space Tourism Market, by End-User, 2019-2032 (USD Million)
- 7.6.6.2. South Africa: Space Tourism Market, by Type, 2019-2032 (USD Million)
- 7.7. Space Tourism Market – Latin America
- 7.7.1. Latin America: Space Tourism Market, by End-User, 2019-2032 (USD Million)
- 7.7.2. Latin America: Space Tourism Market, by Type, 2019-2032 (USD Million)
- 7.7.3. Space Tourism Market – Mexico
- 7.7.3.1. Mexico: Space Tourism Market, by End-User, 2019-2032 (USD Million)
- 7.7.3.2. Mexico: Space Tourism Market, by Type, 2019-2032 (USD Million)
- 7.7.4. Space Tourism Market – Brazil
- 7.7.4.1. Brazil: Space Tourism Market, by End-User, 2019-2032 (USD Million)
- 7.7.4.2. Brazil: Space Tourism Market, by Type, 2019-2032 (USD Million)
- 7.7.5. Space Tourism Market – Argentina
- 7.7.5.1. Argentina: Space Tourism Market, by End-User, 2019-2032 (USD Million)
- 7.7.5.2. Argentina: Space Tourism Market, by Type, 2019-2032 (USD Million)
- 8. Competitive Landscape
- 8.1. Expansion and Acquisition Analysis
- 8.1.1. Expansion
- 8.1.2. Acquisitions
- 8.2. Partnerships/Collaborations/Agreements/Exhibitions
- 9. Company Profiles
- 9.1. Airbus
- 9.1.1. Company Overview
- 9.1.2. Financial Performance
- 9.1.3. Product Benchmarking
- 9.1.4. Recent Development
- 9.2. Axiom Space
- 9.2.1. Company Overview
- 9.2.2. Financial Performance
- 9.2.3. Product Benchmarking
- 9.2.4. Recent Development
- 9.3. Blue Origin
- 9.3.1. Company Overview
- 9.3.2. Financial Performance
- 9.3.3. Product Benchmarking
- 9.3.4. Recent Development
- 9.4. Boeing
- 9.4.1. Company Overview
- 9.4.2. Financial Performance
- 9.4.3. Product Benchmarking
- 9.4.4. Recent Development
- 9.5. Rocket Lab USA
- 9.5.1. Company Overview
- 9.5.2. Financial Performance
- 9.5.3. Product Benchmarking
- 9.5.4. Recent Development
- 9.6. Space Adventures
- 9.6.1. Company Overview
- 9.6.2. Financial Performance
- 9.6.3. Product Benchmarking
- 9.6.4. Recent Development
- 9.7. SpaceX
- 9.7.1. Company Overview
- 9.7.2. Financial Performance
- 9.7.3. Product Benchmarking
- 9.7.4. Recent Development
- 9.8. Space Perspective
- 9.8.1. Company Overview
- 9.8.2. Financial Performance
- 9.8.3. Product Benchmarking
- 9.8.4. Recent Development
- 9.9. Virgin Galactic
- 9.9.1. Company Overview
- 9.9.2. Financial Performance
- 9.9.3. Product Benchmarking
- 9.9.4. Recent Development
- 9.10. World View Enterprises, Inc.
- 9.10.1. Company Overview
- 9.10.2. Financial Performance
- 9.10.3. Product Benchmarking
- 9.10.4. Recent Development
- 9.11. Zero 2 Infinity
- 9.11.1. Company Overview
- 9.11.2. Financial Performance
- 9.11.3. Product Benchmarking
- 9.11.4. Recent Development
- 9.12. Zero Gravity Corporation
- 9.12.1. Company Overview
- 9.12.2. Financial Performance
- 9.12.3. Product Benchmarking
- 9.12.4. Recent Development
Pricing
Currency Rates
Questions or Comments?
Our team has the ability to search within reports to verify it suits your needs. We can also help maximize your budget by finding sections of reports you can purchase.