Space Tourism Market By Type (Suborbital and Orbital) By Product Type (High Altitude Jet Fighter Flights, Atmospheric Zero-Gravity Flights, Aircraft Replacement Flights and Others) By Destination (Mars, Earth Orbit, Venus, Moon, Ceres and Others) By Customer (Civilians, Enterprise and Others) By Service Provider (Government, Commercial Institutions and Others), By Region, Company Forecast & Opport
Published Date: January - 2025 | Publisher: MIR | No of Pages: 280 | Industry: Aerospace and Defense | Format: Report available in PDF / Excel Format
View Details Buy Now 2890 Download Sample Ask for Discount Request CustomizationThe market size of space tourism stood at $598.4 million in 2021 and is anticipated to be $12,690.6 million by 2031, recording a CAGR of 36.4% during the period of 2022-2031.
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Global Space Tourism Market during the forecast period is anticipated to record steady growth. Space tourism refers to human space travel that has a tendency to offer tourists the opportunity to become astronauts and enjoy space travel for leisure or business reasons. There are various types of space tourism such as orbital tourism, suborbital tourism, and lunar tourism. Space tourism is treated as costly hence presently only those people having high expenditure power are able to spend money on it. Commercial space tourism companies are providing sub-orbital tourism to travelers as a method for providing the feel of weightlessness to travelers willing to pay premium prices. The potential to view the earth from outer space and to fulfill the consumer's curiosity is impacting the demand for the space tourism industry. The feeling of high-speed traveling and having unique experience is the driving force behind the growth of the space tourism industry in the coming five years.
The global space tourism industry is divided into type, product type, destination, customer, service provider, regional distribution, and company. Depending on the type, the industry can be divided into suborbital and orbital. Sun-orbital spaceflight is a type of spaceflight that does not make one full revolution or achieve escape velocity. The sub0orbital tourism spacecraft goes into outer space but follows a path that crosses the gravitating body surface from which it is being propelled. In orbital tourism, spaceflight orbits around the earth in a stable manner.
Some of the key players in the global space tourism industry are Blue Origin, Virgin Galactic, SpaceX, Space Adventures Inc., EADS Astrium, Armadillo Aerospace, Excalibur Almaz, Space Island Group, Boeing, Zero 2 Infinity, Starchaser Industries, and many others. Major players are investing heavily in developing new technologies and introducing new services to compete in the market. Other competitive practices include mergers & acquisitions and new service introductions.
Years considered for this report
Historical Years2018-2021
Base Year2022
Estimated Year2023
Forecast Period2024–2028
Objective of the Study
- To analyze the historical growth of the market size of global space tourism market from 2018 to 2021.
- To estimate and forecast the market size of global space tourism market from 2022 to 2028 and growth rate until 2028.
- To classify and forecast global space tourism market based on type, product type, destination, customer, service provider, regional distribution, and company.
- To identify dominant region or segment in the global space tourism market.
- To identify drivers and challenges for global space tourism market.
- To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc., in global space tourism market.
- To identify and analyze the profile of leading players operating in global space tourism market.
- To identify key sustainable strategies adopted by market players in global space tourism market.
MIR performed both primary as well as exhaustive secondary research for this study. Initially, MIR sourced a list of service providers across the globe. Subsequently, MIR conducted primary research surveys with the identified companies. While interviewing, the respondents were also enquired about their competitors. Through this technique, MIR could include the service providers who could not be identified due to the limitations of secondary research. MIR analyzed the service providers, distribution channels and presence of all major players across the globe.
MIR calculated the market size of
Key Target Audience
- Space Tourism service provider companies
- Market research and consulting firms
- Government bodies such as regulating authorities and policy makers
- Organizations, forums, and alliances related to space tourism market
The study is useful in providing answers to several critical questions that are important for the industry stakeholders such as service providers, suppliers and partners, end users, etc., besides allowing them in strategizing investments and capitalizing on market opportunities.
|
Attribute |
Details |
|
Base Year |
2022 |
|
Historical Years |
2018 – 2021 |
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Estimated Year |
2022 |
|
Forecast Period |
2023 – 2028 |
|
Quantitative Units |
Revenue in USD Million and CAGR for 2018-2022 and 2023-2028 |
|
Report Coverage |
Revenue forecast, company share, competitive landscape, growth factors, and trends |
|
Segments Covered |
· Type · Product Type · Destination · Customer · Service Provider |
|
Regional Scope |
North America; Asia Pacific; Europe & CIS; South America; Middle East & Africa |
|
Country Scope |
United States; Canada; Mexico; China; India; Japan; Australia; South Korea; Germany; France; United Kingdom; Italy; Spain; Brazil; Argentina; Colombia; Saudi Arabia; UAE; South Africa; |
|
Key Companies Profiled |
Blue Origin, Virgin Galactic, SpaceX, Space Adventures Inc., EADS Astrium, Armadillo Aerospace, Excalibur Almaz, Space Island Group, Boeing, Zero 2 Infinity, Starchaser Industries. |
|
Customization Scope |
10% free report customization with purchase. Addition or alteration to country, regional & segment scope. |
|
Pricing and Purchase Options |
Avail customized purchase options to meet your exact research needs. Explore purchase options |
|
Delivery Format |
PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request) |
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