Private Space Travel Market Report: Trends, Forecast and Competitive Analysis to 2030

Private Space Travel Trends and Forecast

The future of the global private space travel market looks promising with opportunities in the space flights and space hotel & space station markets. The global private space travel market is expected to grow with a CAGR of 21.3% from 2024 to 2030. The major drivers for this market are rising demand for space tourism and advancements in space technology in terms of reusable rockets, spacecraft, and launch systems.

A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below.

Private Space Travel by Segment

The study includes a forecast for the global private space travel by product type, application, and region.

Private Space Travel Market by Product Type [Shipment Analysis by Value from 2018 to 2030]:

• Suborbital Space Tourism
• Orbital Space Tourism
• Lunar Space Tourism

Private Space Travel Market by Application [Shipment Analysis by Value from 2018 to 2030]:

• Space Flights
• Space Hotel & Space Station

Private Space Travel Market by Region [Shipment Analysis by Value from 2018 to 2030]:

• North America
• Europe
• Asia Pacific
• The Rest of the World

List of Private Space Travel Companies

Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies private space travel companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the private space travel companies profiled in this report include-

• Blue Origin
• SpaceX
• Virgin Galactic
• Boeing
• Space Adventures
• Axiom Space
• Space Perspective

Private Space Travel Market Insights

Lucintel forecasts that suborbital space tourism is expected to witness the highest growth over the forecast period.

Within this market, space flights is expected to witness higher growth.

North America is expected to witness the highest growth over the forecast period.

Features of the Global Private Space Travel Market

Market Size Estimates: Private space travel market size estimation in terms of value ($B).

Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.

Segmentation Analysis: Private space travel market size by product type, application, and region in terms of value ($B).

Regional Analysis: Private space travel market breakdown by North America, Europe, Asia Pacific, and Rest of the World.

Growth Opportunities: Analysis of growth opportunities in different product types, applications, and regions for the private space travel market.

Strategic Analysis: This includes M&A, new product development, and competitive landscape of the private space travel market.

Analysis of competitive intensity of the industry based on Porter's Five Forces model.

FAQ

Q1. What is the growth forecast for private space travel market?

Answer: The global private space travel market is expected to grow with a CAGR of 21.3% from 2024 to 2030.

Q2. What are the major drivers influencing the growth of the private space travel market?

Answer: The major drivers for this market are rising demand for space tourism and advancements in space technology in terms of reusable rockets, spacecraft, and launch systems.

Q3. What are the major segments for private space travel market?

Answer: The future of the private space travel market looks promising with opportunities in the space flights and space hotel & space station markets.

Q4. Who are the key private space travel market companies?

Answer: Some of the key private space travel companies are as follows:

• Blue Origin
• SpaceX
• Virgin Galactic
• Boeing
• Space Adventures
• Axiom Space
• Space Perspective

Q5. Which private space travel market segment will be the largest in future?

Answer: Lucintel forecasts that suborbital space tourism is expected to witness the highest growth over the forecast period.

Q6. In private space travel market, which region is expected to be the largest in next 5 years?

Answer: North America is expected to witness the highest growth over the forecast period.

Q.7 Do we receive customization in this report?

Answer: Yes, Lucintel provides 10% customization without any additional cost.

This report answers following 11 key questions:

• Q.1. What are some of the most promising, high-growth opportunities for the private space travel market by product type (suborbital space tourism, orbital space tourism, and lunar space tourism), application (space flights and space hotel & space station), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
• Q.2. Which segments will grow at a faster pace and why?
• Q.3. Which region will grow at a faster pace and why?
• Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
• Q.5. What are the business risks and competitive threats in this market?
• Q.6. What are the emerging trends in this market and the reasons behind them?
• Q.7. What are some of the changing demands of customers in the market?
• Q.8. What are the new developments in the market? Which companies are leading these developments?
• Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
• Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
• Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?