PUBLISHER: Polaris Market Research | PRODUCT CODE: 1449264
PUBLISHER: Polaris Market Research | PRODUCT CODE: 1449264
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
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
- 4.2.1. Drivers and Opportunities
- 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
List of Tables
- Table 1 Global Space Tourism Market, by End-User, 2019-2032 (USD Million)
- Table 2 Global Space Tourism Market, by Type, 2019-2032 (USD Million)
- Table 3 Space Tourism Market Assessment, By Geography, 2019-2032 (USD Million)
- Table 4 North America: Space Tourism Market, by End-User, 2019-2032 (USD Million)
- Table 5 North America: Space Tourism Market, by Type, 2019-2032 (USD Million)
- Table 6 U.S.: Space Tourism Market, by End-User, 2019-2032 (USD Million)
- Table 7 U.S.: Space Tourism Market, by Type, 2019-2032 (USD Million)
- Table 8 Canada: Space Tourism Market, by End-User, 2019-2032 (USD Million)
- Table 9 Canada: Space Tourism Market, by Type, 2019-2032 (USD Million)
- Table 10 Europe: Space Tourism Market, by End-User, 2019-2032 (USD Million)
- Table 11 Europe: Space Tourism Market, by Type, 2019-2032 (USD Million)
- Table 12 UK: Space Tourism Market, by End-User, 2019-2032 (USD Million)
- Table 13 UK: Space Tourism Market, by Type, 2019-2032 (USD Million)
- Table 14 France: Space Tourism Market, by End-User, 2019-2032 (USD Million)
- Table 15 France: Space Tourism Market, by Type, 2019-2032 (USD Million)
- Table 16 Germany: Space Tourism Market, by End-User, 2019-2032 (USD Million)
- Table 17 Germany: Space Tourism Market, by Type, 2019-2032 (USD Million)
- Table 18 Italy: Space Tourism Market, by End-User, 2019-2032 (USD Million)
- Table 19 Italy: Space Tourism Market, by Type, 2019-2032 (USD Million)
- Table 20 Spain: Space Tourism Market, by End-User, 2019-2032 (USD Million)
- Table 21 Spain: Space Tourism Market, by Type, 2019-2032 (USD Million)
- Table 22 Netherlands: Space Tourism Market, by End-User, 2019-2032 (USD Million)
- Table 23 Netherlands: Space Tourism Market, by Type, 2019-2032 (USD Million)
- Table 24 Russia: Space Tourism Market, by End-User, 2019-2032 (USD Million)
- Table 25 Russia: Space Tourism Market, by Type, 2019-2032 (USD Million)
- Table 26 Asia Pacific: Space Tourism Market, by End-User, 2019-2032 (USD Million)
- Table 27 Asia Pacific: Space Tourism Market, by Type, 2019-2032 (USD Million)
- Table 28 China: Space Tourism Market, by End-User, 2019-2032 (USD Million)
- Table 29 China: Space Tourism Market, by Type, 2019-2032 (USD Million)
- Table 30 India: Space Tourism Market, by End-User, 2019-2032 (USD Million)
- Table 31 India: Space Tourism Market, by Type, 2019-2032 (USD Million)
- Table 32 Malaysia: Space Tourism Market, by End-User, 2019-2032 (USD Million)
- Table 33 Malaysia: Space Tourism Market, by Type, 2019-2032 (USD Million)
- Table 34 Japan: Space Tourism Market, by End-User, 2019-2032 (USD Million)
- Table 35 Japan: Space Tourism Market, by Type, 2019-2032 (USD Million)
- Table 36 Indonesia: Space Tourism Market, by End-User, 2019-2032 (USD Million)
- Table 37 Indonesia: Space Tourism Market, by Type, 2019-2032 (USD Million)
- Table 38 South Korea: Space Tourism Market, by End-User, 2019-2032 (USD Million)
- Table 39 South Korea: Space Tourism Market, by Type, 2019-2032 (USD Million)
- Table 40 Middle East & Africa: Space Tourism Market, by End-User, 2019-2032 (USD Million)
- Table 41 Middle East & Africa: Space Tourism Market, by Type, 2019-2032 (USD Million)
- Table 42 Saudi Arabia: Space Tourism Market, by End-User, 2019-2032 (USD Million)
- Table 43 Saudi Arabia: Space Tourism Market, by Type, 2019-2032 (USD Million)
- Table 44 UAE: Space Tourism Market, by End-User, 2019-2032 (USD Million)
- Table 45 UAE: Space Tourism Market, by Type, 2019-2032 (USD Million)
- Table 46 Israel: Space Tourism Market, by End-User, 2019-2032 (USD Million)
- Table 47 Israel: Space Tourism Market, by Type, 2019-2032 (USD Million)
- Table 48 South Africa: Space Tourism Market, by End-User, 2019-2032 (USD Million)
- Table 49 South Africa: Space Tourism Market, by Type, 2019-2032 (USD Million)
- Table 50 Latin America: Space Tourism Market, by End-User, 2019-2032 (USD Million)
- Table 51 Latin America: Space Tourism Market, by Type, 2019-2032 (USD Million)
- Table 52 Mexico: Space Tourism Market, by End-User, 2019-2032 (USD Million)
- Table 53 Mexico: Space Tourism Market, by Type, 2019-2032 (USD Million)
- Table 54 Brazil: Space Tourism Market, by End-User, 2019-2032 (USD Million)
- Table 55 Brazil: Space Tourism Market, by Type, 2019-2032 (USD Million)
- Table 56 Argentina: Space Tourism Market, by End-User, 2019-2032 (USD Million)
- Table 57 Argentina: Space Tourism Market, by Type, 2019-2032 (USD Million)
List of Figures
- Figure 1 Global Space Tourism Market, 2019-2032 (USD Million)
- Figure 2 Integrated Ecosystem
- Figure 3 Research Methodology: Top-Down & Bottom-Up Approach
- Figure 4 Market by Geography
- Figure 5 Porter's Five Forces
- Figure 6 Market by End-User
- Figure 7 Global Space Tourism Market, by End-User, 2022 & 2032 (USD Million)
- Figure 8 Market by Type
- Figure 9 Global Space Tourism Market, by Type, 2022 & 2032 (USD Million)
- Figure 10 Space Tourism Market Assessment, By Geography, 2019-2032 (USD Million)
- Figure 11 Strategic Analysis - Space Tourism Market
