Global Space Travel or Tourism Market Size Study, by Destination, by Duration, by End-Users (Billionaires & Ultra-High-Net-Worth Individuals, Adventure Seekers & Science Enthusiasts), by Gender and Regional Forecasts 2022-2032

Description

Global Space Travel or Tourism Market was valued at USD 892.67 Million in 2023 and exhibiting a CAGR of 44.31% during the forecast period 2024-2032. Space travel or tourism refers to recreational, leisure, or business travel beyond Earth's atmosphere. This burgeoning segment of the space industry enables civilians to experience spaceflight, including suborbital and lunar spaceflights, where they can witness microgravity, view Earth from afar, and explore the vastness beyond our planet's atmosphere. Furthermore, companies such as Blue Origin, SpaceX, and Virgin Galactic are pivotal in this sector, offering civilians opportunities to experience space. Moreover, the decreasing cost of space travel, coupled with significant initiatives by governmental bodies like ISRO, is expected to bolster market growth significantly during the forecast period.

The market for space tourism is rapidly expanding due to increasing interest and technological advancements. Market players such as Blue Origin, SpaceX, and Virgin Galactic offer suborbital flights, fueling market growth. Moreover, regulatory hurdles and safety concerns persist. Rising affluence and burgeoning interest in lunar exploration further drive market expansion, with innovative experiences such as space walks and space hotels on the horizon. Industry collaborations are accelerating innovation, and advancements in space observation technology are contributing to this growth. Sustainable practices and international cooperation are key to ensuring long-term market viability, despite challenges in emerging economies.

The key region in the Global Space Travel or Tourism Market includes North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. In 2023, North American region is anticipated to dominate the space travel or tourism market driven by substantial investments in R&D and a rising number of companies. The presence of NASA and private aerospace companies such as SpaceX, Blue Origin, and Virgin Galactic contribute significantly to market growth. Furthermore, the Asia-Pacific region is expected to exhibit the highest CAGR during the forecast period 2024-2032 driven by the rapidly advancing space technology, with increasing investments in sustainable energy and significant government support.

Major market players included in this report are:

Space Adventure Limited
Blue Origin
SpaceX
Axiom Space, Inc.
Virgin Galactic
SpaceVIP
Boeing
Zero 2 Infinity S.L
Rocket Lab USA Inc.
Skyroot Aerospace Pvt. Ltd.

The detailed segments and sub-segment of the market are explained below:

By Destination:

Orbital Spaceflight
Sub-orbital Spaceflight
Lunar Spaceflight

By Duration:

Up to 8 Days
More than 8 Days

By End-Users:

Billionaires & Ultra-High-Net-Worth Individuals (UHNWI)
Adventure Seekers & Science Enthusiasts

By Gender:

Men
Women

By Region:

North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Rest of Latin America
Middle East & Africa
Saudi Arabia
South Africa
RoMEA

Years considered for the study are as follows:

Historical year - 2022
Base year - 2023
Forecast period - 2024 to 2032

Key Takeaways:

Market Estimates & Forecast for 10 years from 2022 to 2032.
Annualized revenues and regional level analysis for each market segment.
Detailed analysis of geographical landscape with Country level analysis of major regions.
Competitive landscape with information on major players in the market.
Analysis of key business strategies and recommendations on future market approach.
Analysis of competitive structure of the market.
Demand side and supply side analysis of the market.

Chapter 1. Global Space Travel or Tourism Market Executive Summary

1.1. Global Space Travel or Tourism Market Size & Forecast (2022- 2032)
1.2. Regional Summary
1.3. Segmental Summary
- 1.3.1. By Destination
- 1.3.2. By Duration
- 1.3.3. By End-Users
- 1.3.4. By Gender
1.4. Key Trends
1.5. Recession Impact
1.6. Analyst Recommendation & Conclusion

Chapter 2. Global Space Travel or Tourism Market Definition and Research Assumptions

2.1. Research Objective
2.2. Market Definition
2.3. Research Assumptions
- 2.3.1. Inclusion & Exclusion
- 2.3.2. Limitations
- 2.3.3. Supply Side Analysis
  - 2.3.3.1. Availability
  - 2.3.3.2. Infrastructure
  - 2.3.3.3. Regulatory Environment
  - 2.3.3.4. Market Competition
  - 2.3.3.5. Economic Viability (Consumer's Perspective)
- 2.3.4. Demand Side Analysis
  - 2.3.4.1. Regulatory frameworks
  - 2.3.4.2. Technological Advancements
  - 2.3.4.3. Environmental Considerations
  - 2.3.4.4. Consumer Awareness & Acceptance
2.4. Estimation Methodology
2.5. Years Considered for the Study
2.6. Currency Conversion Rates

Chapter 3. Global Space Travel or Tourism Market Dynamics

3.1. Market Drivers
- 3.1.1. Growing Interest in Space Exploration
- 3.1.2. Advancements in Space Technology
- 3.1.3. Decreasing Cost of Space Travel
3.2. Market Challenges
- 3.2.1. Regulatory and Safety Concerns
- 3.2.2. High Costs Associated with Space Travel
3.3. Market Opportunities
- 3.3.1. Technological Innovations
- 3.3.2. Emerging Markets
- 3.3.3. Strategic Collaborations

Chapter 4. Global Space Travel or Tourism Market Industry Analysis

4.1. Porter's 5 Force Model
- 4.1.1. Bargaining Power of Suppliers
- 4.1.2. Bargaining Power of Buyers
- 4.1.3. Threat of New Entrants
- 4.1.4. Threat of Substitutes
- 4.1.5. Competitive Rivalry
- 4.1.6. Futuristic Approach to Porter's 5 Force Model
- 4.1.7. Porter's 5 Force Impact Analysis
4.2. PESTEL Analysis
- 4.2.1. Political
- 4.2.2. Economical
- 4.2.3. Social
- 4.2.4. Technological
- 4.2.5. Environmental
- 4.2.6. Legal
4.3. Top investment opportunity
4.4. Top winning strategies
4.5. Disruptive Trends
4.6. Industry Expert Perspective
4.7. Analyst Recommendation & Conclusion

Chapter 5. Global Space Travel or Tourism Market Size & Forecasts by Destination 2022-2032

5.1. Segment Dashboard
5.2. Global Space Travel or Tourism Market: Destination Revenue Trend Analysis, 2022 & 2032 (USD Million)
- 5.2.1. Orbital Spaceflight
- 5.2.2. Sub-orbital Spaceflight
- 5.2.3. Lunar Spaceflight

Chapter 6. Global Space Travel or Tourism Market Size & Forecasts by Duration 2022-2032

6.1. Segment Dashboard
6.2. Global Space Travel or Tourism Market: Duration Revenue Trend Analysis, 2022 & 2032 (USD Million)
- 6.2.1. Up to 8 Days
- 6.2.2. More than 8 Days

Chapter 7. Global Space Travel or Tourism Market Size & Forecasts by End-Users 2022-2032

7.1. Segment Dashboard
7.2. Global Space Travel or Tourism Market: End-Users Revenue Trend Analysis, 2022 & 2032 (USD Million)
- 7.2.1. Billionaires & Ultra-High-Net-Worth Individuals (UHNWI)
- 7.2.2. Adventure Seekers & Science Enthusiasts

Chapter 8. Global Space Travel or Tourism Market Size & Forecasts by Gender 2022-2032

8.1. Segment Dashboard
8.2. Global Space Travel or Tourism Market: Gender Revenue Trend Analysis, 2022 & 2032 (USD Million)
- 8.2.1. Men
- 8.2.2. Women

Chapter 9. Global Space Travel or Tourism Market Size & Forecasts by Region 2022-2032

9.1. North America Space Travel or Tourism Market
- 9.1.1. U.S. Space Travel or Tourism Market
  - 9.1.1.1. Destination breakdown size & forecasts, 2022-2032
  - 9.1.1.2. Duration breakdown size & forecasts, 2022-2032
  - 9.1.1.3. End-Users breakdown size & forecasts, 2022-2032
  - 9.1.1.4. Gender breakdown size & forecasts, 2022-2032
- 9.1.2. Canada Space Travel or Tourism Market
9.2. Europe Space Travel or Tourism Market
- 9.2.1. UK Space Travel or Tourism Market
- 9.2.2. Germany Space Travel or Tourism Market
- 9.2.3. France Space Travel or Tourism Market
- 9.2.4. Spain Space Travel or Tourism Market
- 9.2.5. Italy Space Travel or Tourism Market
- 9.2.6. Rest of Europe Space Travel or Tourism Market
9.3. Asia-Pacific Space Travel or Tourism Market
- 9.3.1. China Space Travel or Tourism Market
- 9.3.2. India Space Travel or Tourism Market
- 9.3.3. Japan Space Travel or Tourism Market
- 9.3.4. Australia Space Travel or Tourism Market
- 9.3.5. South Korea Space Travel or Tourism Market
- 9.3.6. Rest of Asia Pacific Space Travel or Tourism Market
9.4. Latin America Space Travel or Tourism Market
- 9.4.1. Brazil Space Travel or Tourism Market
- 9.4.2. Mexico Space Travel or Tourism Market
- 9.4.3. Rest of Latin America Space Travel or Tourism Market
9.5. Middle East & Africa Space Travel or Tourism Market
- 9.5.1. Saudi Arabia Space Travel or Tourism Market
- 9.5.2. South Africa Space Travel or Tourism Market
- 9.5.3. Rest of Middle East & Africa Space Travel or Tourism Market

Chapter 10. Competitive Intelligence

10.1. Key Company SWOT Analysis
10.2. Top Market Strategies
10.3. Company Profiles
- 10.3.1. Axiom Space, Inc.
  - 10.3.3.1. Key Information
  - 10.3.3.2. Overview
  - 10.3.3.3. Financial (Subject to Data Availability)
  - 10.3.3.4. Product Summary
  - 10.3.3.5. Market Strategies
- 10.3.2. Virgin Galactic
- 10.3.3. SpaceVIP
- 10.3.4. Boeing
- 10.3.5. Zero 2 Infinity S.L
- 10.3.6. Rocket Lab USA Inc.
- 10.3.7. Skyroot Aerospace Pvt. Ltd.
- 10.3.8. Space Adventure Limited
- 10.3.9. Blue Origin
- 10.3.10. SpaceX

Chapter 11. Research Process

11.1. Research Process
- 11.1.1. Data Mining
- 11.1.2. Analysis
- 11.1.3. Market Estimation
- 11.1.4. Validation
- 11.1.5. Publishing
11.2. Research Attributes