Space Tourism Market Growth, Share, Size, Scope, Challenges and Future Competition Till 2032

Global Space Tourism Market Size-By Tourism Type, By Tour Type, By End User, By Suppliers - Regional Outlook, Competitive Strategies and Segment Forecast to 2032

Global Space Tourism Market Size-By Tourism Type, By Tour Type, By End User, By Suppliers - Regional Outlook, Competitive Strategies and Segment Forecast to 2032

Published: Mar 2023 Report ID: TRAT2301 Pages: 1 - 244 Formats*:     
Category : Travel & Tourism
Global Space Tourism Market Overview

According to SPER Market Research, the Global Space Tourism Market is estimated to reach USD 20.7 billion by 2032 with a CAGR of 40.45%. 

Space tourism is the act of travelling into space for recreational or leisure purposes rather than scientific research or other professional reasons. It entails paying a fee to travel to space, either by orbiting the Earth, visiting the International Space Station (ISS), or travelling to the Moon or beyond. Space tourism is an emerging industry that several private companies are pursuing with the goal of eventually making it accessible to a wider range of people.

The space tourism industry is expected to grow as a result of the proliferation of technological developments; on-going changes in technology are increasing demand for the space tourism market on a worldwide scale. Also, the construction of better rockets and spacecraft is advancing at a rapid rate thanks to technological developments in the field of space travel. This allows space visitors to visit space and have the experience they expect. The development of the space tourism business is projected to be fuelled by the fact that major growing economies throughout the world are investigating space projects. 

In addition, the growing popularity of space travel is a key factor in the market's growth. As the practise gains more acceptances in worldwide markets, the market for space tourism is anticipated to expand more quickly than anticipated during the course of the projected decade. Also, it is predicted that rising competition in the space tourism industry would result in lower costs. Also, it is projected that the cost of accessing space will drop significantly once the orbit is achieved by the next-generation space planes. The cost of launching satellites is therefore likely to decrease dramatically, which will reduce the entire cost of space exploration operations. Those elements are fuelling the expansion of the space tourism industry.
Space Tourism Market
Impact of COVID-19 on the Global Space Tourism Market  
The COVID-19 outbreak has resulted in regional lockdowns, border restrictions, and the breakdown of transportation networks. The economic uncertainty caused by the COVID-19 outbreak is much greater than that caused by previous outbreaks such as SARS, avian flu, swine flu, bird flu, and Ebola, owing to the increasing number of infected people and uncertainty about when the crisis will end. 

The space tourism market had a difficult time expanding as a result of setbacks in the travel and tourism sector. As a result of this effect, long-haul flights may momentarily cease while space missions may lengthen. There are now more options for supersonic and hypersonic flights because to the rise of business jet travel and in-flight networking. Comparing long-haul flights to other media, the firms were able to see the potential for time savings.

Space Tourism Market


Scope of the Report:
 Report Metric Details
 Market size available for years 2019-2032
 Base year considered 2021
 Forecast period 2022-2032
 Segments coveredBy Tourism Type, By Tour Type, By End User, By Suppliers
 Regions coveredAsia-Pacific, Europe, Middle East and Africa, North America, Latin America
 Companies CoveredAirbus Group SE, Axiom Space, Blue Origin, Bigelow Aerospace, Excalibur Almaz, Limited, Orion Span, Space Adventures, SpaceX, The Boeing Company, Virgin Galactic, World View Enterprise, Zero2Infinity, ZERO-G 
Target Audience:
  • Space Centres 
  • Space Tools Manufactures
  • Space Tourism Firms
  • Technology Consultants
  • Other
Global Sports Tourism Market Segmentation:
1. By Tourism Type:
  • Orbital
  • Suborbital
  • Stratospheric
  • Other
2. By Tour Type:
  • Individual 
  • Professional 
  • Group 
  • Other
3. By End User:
  • Government
  • Commercial
  • Other
4. By Suppliers:
  • Direct Suppliers
  • Indirect Suppliers
5. By Region:
  • Asia-Pacific
  • Europe
  • Middle East & Africa
  • North America
  • Latin America
Key Topics Covered in the Report
  • Size of Global Space Tourism Market (FY’2019-FY’2032)
  • Overview of Global Space Tourism Market 
  • Segmentation of Global Space Tourism Market By Tourism Type (Orbital, Suborbital, Stratospheric, Other)
  • Segmentation of Global Space Tourism Market By Tour Type (Individual, Professional, Group, Other)
  • Segmentation of Global Space Tourism Market By End User (Government, Commercial, Other)
  • Segmentation of Global Space Tourism Market By Suppliers Direct Suppliers (Airlines, Government Bodies) Indirect Suppliers (Aggregators, Corporate Buyers, Online Travel Agency, Travel Management Companies)
  • Statistical Snap of Global Plastic Processing Machinery Market
  • Growth Analysis of Global Space Tourism Market 
  • Problems and Challenges in Global Space Tourism Market 
  • Competitive Landscape in the Global Space Tourism Market 
  • Impact of COVID-19 and Demonetization on Global Space Tourism Market 
  • Details on Recent Investment in Global Space Tourism Market 
  • Competitive Analysis of Global Space Tourism Market 
  • Major Players in the Global Space Tourism Market 
  • SWOT Analysis of Global Space Tourism Market 
  • Global Space Tourism Market Future Outlook and Projections (FY’2019-FY’2032)
  • Recommendations from Analyst
1. Introduction
1.1. Scope of the report
1.2. Market segment analysis

2. Research Methodology
2.1 Research data source
2.1.1 Secondary data
2.1.2 Primary data
2.1.3 SPER’s internal database
2.1.4 Premium insight from KOL’s
2.2 Market size estimation
2.2.1 Top-down and Bottom-up approach
2.3 Data triangulation

3. Executive Summary

4. Market Dynamics
4.1. Driver, Restraint, Opportunity and Challenges analysis
4.1.1 Drivers
4.1.2 Restraints
4.1.3 Opportunities
4.1.4 Challenges 
4.2. COVID-19 Impacts of the Global Space Tourism Market

5. Market variables and outlook
5.1. SWOT analysis 
5.1.1 Strengths 
5.1.2 Weaknesses 
5.1.3 Opportunities
5.1.4 Threats
5.2. PESTEL analysis 
5.2.1 Political landscape
5.2.2 Economic landscape
5.2.3 Social landscape 
5.2.4 Technological landscape 
5.2.5 Environmental landscape 
5.2.6 Legal landscape 
5.3. PORTER’S five forces analysis 
5.3.1 Bargaining power of suppliers 
5.3.2 Bargaining power of Buyers 
5.3.3 Threat of Substitute 
5.3.4 Threat of new entrant 
5.3.5 Competitive rivalry
5.4. Heat map analysis

6. Competitive Landscape 
6.1 Global Space Tourism Market Manufacturing Base Distribution, Sales Area, Product Type 
6.2 Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in Global Space Tourism Market

7. Global Space Tourism Market, By Tourism Type, 2019-2032 (USD Million)
7.1 Orbital
7.2 Suborbital
7.3 Stratospheric
7.4 Other

8. Global Space Tourism Market, By Tour Type, 2019-2032 (USD Million)
8.1 Individual 
8.2 Professional 
8.3 Group 
8.4 Other

9. Global Space Tourism Market, By End User, 2019-2032 (USD Million)
9.1 Government
9.2 Commercial
9.3 Other

10. Global Space Tourism Market, By Suppliers, 2019-2032 (USD Million)
10.1 Direct Suppliers
10.1.1 Airlines
10.1.2 Government Bodies
10.2 Indirect Suppliers
10.2.1 Aggregators
10.2.2 Corporate Buyers
10.2.3 Online Travel Agency 
10.2.4 Travel Management Companies 

11. Global Space Tourism Market, By Region, 2019-2032 (USD Million)
11.1 Global Space Tourism Market Size and Market Share by Region (2019-2025) 
11.2 Global Space Tourism Market Size and Market Share by Region (2026-2032)
11.3 Asia-Pacific 
11.3.1 Australia
11.3.2 China
11.3.3 India
11.3.4 Japan
11.3.5 South Korea
11.3.6 Rest of Asia-Pacific
11.4 Europe
11.4.1 France
11.4.2 Germany
11.4.3 Italy
11.4.4 Spain
11.4.5 United Kingdom
11.4.6 Rest of Europe
11.5 Middle East and Africa
11.5.1 Kingdom of Saudi Arabia 
11.5.2 United Arab Emirates
11.5.3 Rest of Middle East & Africa
11.6 North America
11.6.1 Canada
11.6.2 Mexico
11.6.3 United States
11.7 Latin America
11.7.1 Argentina
11.7.2 Brazil
11.7.3 Rest of Latin America

12.Company Profiles
12.1 Airbus Group SE
12.1.1 Company details 
12.1.2 Financial outlook
12.1.3 Product summary 
12.1.4 Recent developments
12.2 Axiom Space
12.2.1 Company details 
12.2.2 Financial outlook
12.2.3 Product summary 
12.2.4 Recent developments
12.3 Blue Origin
12.3.1 Company details 
12.3.2 Financial outlook
12.3.3 Product summary 
12.3.4 Recent developments
12.4 Bigelow Aerospace 
12.4.1 Company details 
12.4.2 Financial outlook
12.4.3 Product summary 
12.4.4 Recent developments
12.5 Excalibur Almaz, Limited 
12.5.1 Company details 
12.5.2 Financial outlook
12.5.3 Product summary 
12.5.4 Recent developments
12.6 Orion Span
12.6.1 Company details 
12.6.2 Financial outlook
12.6.3 Product summary 
12.6.4 Recent developments
12.7 Space Adventures
12.7.1 Company details 
12.7.2 Financial outlook
12.7.3 Product summary 
12.7.4 Recent developments
12.8 Space X
12.8.1 Company details 
12.8.2 Financial outlook
12.8.3 Product summary 
12.8.4 Recent developments
12.9 The Boeing Company
12.9.1 Company details 
12.9.2 Financial outlook
12.9.3 Product summary 
12.9.4 Recent developments
12.10 World View Enterprise 
12.10.1 Company details
12.10.2 Financial outlook
12.10.3 Product summary
12.10.4 Recent developments
12.11 Zero2Infinity
12.11.1 Company details 
12.11.2 Financial outlook
12.11.3 Product summary 
12.11.4 Recent developments
12.12 ZERO-G
12.12.1 Company details 
12.12.2 Financial outlook
12.12.3 Product summary 
12.12.4 Recent developments

13. List of Abbreviations

14.Reference Links

15.Conclusion

16.Research Scope

SPER Market Research’s methodology uses great emphasis on primary research to ensure that the market intelligence insights are up to date, reliable and accurate. Primary interviews are done with players involved in each phase of a supply chain to analyze the market forecasting. The secondary research method is used to help you fully understand how the future markets and the spending patterns look likes.

The report is based on in-depth qualitative and quantitative analysis of the Product Market. The quantitative analysis involves the application of various projection and sampling techniques. The qualitative analysis involves primary interviews, surveys, and vendor briefings.  The data gathered as a result of these processes are validated through experts opinion. Our research methodology entails an ideal mixture of primary and secondary initiatives.

SPER-Methodology-1

SPER-Methodology-2

SPER-Methodology-3


Frequently Asked Questions About This Report
Space Tourism Market is projected to reach USD 20.7 billion by 2032, growing at a CAGR of 40.45% during the forecast period.
Space Tourism Market grew in market size from 2021. The Market is expected to reach USD 20.7 billion by 2032, at a CAGR of 40.45% during the forecast period.
Space Tourism Market CAGR of 40.45% during the forecast period.
You can get the sample pages by clicking the link -Click Here
Space Tourism Market size is USD 20.7 billion from 2022 to 2032.
Space Tourism Market Segment is Covered By Tourism Type, By Tour Type, By End User, By Suppliers
The North America region is anticipated to have the highest market share in Space Tourism Market.
The key players in the market include Companies Covered Airbus Group SE, Axiom Space, Blue Origin, Bigelow Aerospace, Excalibur Almaz, Limited, Orion Span, Space Adventures, SpaceX, The Boeing Company, Virgin Galactic, World View Enterprise, Zero2Infinity, ZERO-G
The space tourism industry is expected to grow as a result of the proliferation of technological developments; on-going changes in technology are increasing demand for the space tourism market on a worldwide scale.
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