Global Space Travel or Tourism Market Research Report Information By Destination, By Duration, By End-users, By End-users Gender And By Region

Description

List of Tables

Global Space Travel or Tourism Market Research Report Information By Destination (Orbital Spaceflight, Sub-orbital Spaceflight, and Lunar Spaceflight), By Duration (Up to 8 Days, and More than 8 Days), By End-users (Billionaires & Ultra-High-Net-Worth Individual (UHNWI), and Adventure Seekers & Science Enthusiast), By End-users Gender (Men, and Women) And By Region (North America, Europe, Asia-Pacific, Middle East & Africa, and South America) - Forecast Till 2032

Market Overview

In 2022, the market size for space travel or tourism was estimated to be USD 186.3 million. In 2024, the Space Travel or Tourism market industry is anticipated to experience a compound annual growth rate (CAGR) of 55.3%, with a projected increase from USD 60.9 Million in 2023 to USD 110.7 billion in 2024 and USD 3,743.4 Million by 2032.

The act of traveling beyond the Earth's atmosphere for business, leisure, or recreational purposes is referred to as space travel or tourism. This burgeoning sector of the space industry enables civilians to observe the distinctive conditions of space, such as microgravity, the Earth from afar, and the abyss beyond our planet's atmosphere, and to participate in spaceflight. The scope of space tourism encompasses lunar spaceflights and suborbital spaceflights.

The expansion of space tourism is accelerating as a result of technological advancements and an increasing interest. Suborbital flights are provided by market participants, which contributes to market expansion. Nevertheless, safety concerns and regulatory obstacles continue to exist. The market is expanding due to the increasing interest in lunar exploration and the increasing affluence of the population. Diverse experiences, such as space walks and hotels, are on the horizon. Innovation and advancements in space observation technology are expedited by industry partnerships. Despite the obstacles that emerge in emerging economies, long-term market viability is guaranteed by sustainable practices and international cooperation.

Market segment insights

The Space Travel or Tourism market is divided into Orbital Spaceflight, Sub-orbital Spaceflight, and Lunar Spaceflight, depending on the destination.

The Space Travel or Tourism market is divided into two segments based on duration: Up to 8 days and more than 8 days.

Regional Perspectives

The study offers market insights into North America, Europe, Asia-Pacific, Middle East & Africa, and South America by region. The investigation encompasses the following regions: North America, Europe, Asia-Pacific, South America, and the Middle East and Africa. The Space Travel or Tourism market is expected to be dominated by North America in 2023, while Asia Pacific is expected to have the highest CAGR during the forecast period.

In the Space Travel or Tourism market, North America currently holds the maximum market share of 59.9% among the regions. In 2023, the market was valued at USD 36.5 million and is expected to grow at a compound annual growth rate (CAGR) of 55.0% to reach USD 2,254.2 million in 2032.

Europe is experiencing an increase in the popularity of space tourism, as organizations such as Virgin Galactic and Space Adventures are pursuing this market. Virgin Galactic, for example, has formed partnerships with European spaceports to provide passengers with suborbital flights. Nevertheless, commercial spaceflight operations are impeded by regulatory challenges, including liability issues and airspace regulations.

The Middle East's contribution to global space cooperation is being spearheaded by the UAE and Israel, with the broader region also becoming more engaged. Since its inception by the Mohammed Bin Rashid Space Centre (MBRSC) and the UAE Space Agency, the UAE's space program has made phenomenal progress. The successful launch of the Hope Mars Mission last year signified the Arab world's first interplanetary mission. It is anticipated that this nation will establish a human settlement on Mars by 2117, demonstrating their dedication to the exploration of space for the foreseeable future.

Major Players

Space Adventure Limited, Blue Origin, SpaceX, Axiom Space, Inc., Virgin Galactic, SpaceVIP, Boeing, zero 2 Infinity S.L, Rocket Lab USA Inc., and Skyroot Aerospace Pvt. Ltd. are among the foremost participants in the Space Travel or Tourism Market.

Product Code: MRFR/A&D/17362-CR

1 EXECUTIVE SUMMARY

1.1 MARKET ATTRACTIVENESS ANALYSIS

2 MARKET INTRODUCTION

2.1 DEFINITION
2.2 SCOPE OF THE STUDY
2.3 RESEARCH OBJECTIVE
2.4 MARKET STRUCTURE

3 RESEARCH METHODOLOGY

4 MARKET DYNAMICS

4.1 INTRODUCTION
4.2 DRIVERS
- 4.2.1 GROWING INTEREST IN SPACE EXPLORATION
- 4.2.2 SHIFTING PERCEPTION OF SPACE TRAVEL
- 4.2.3 THE ERA OF COMMERCIALIZATION OF GLOBAL SPACE TRAVEL
- 4.2.4 COLLABORATIVE EFFORTS FOR SPACE SUSTAINABILITY
- 4.2.5 DRIVERS IMPACT ANALYSIS
4.3 RESTRAINTS
- 4.3.1 HIGH COST OF SPACE TRAVEL
- 4.3.2 SAFETY CONCERNS ASSOCIATED WITH SPACE TRAVEL
4.4 OPPORTUNITY
- 4.4.1 INCREASE IN NUMBER OF WEALTHY INDIVIDUALS
- 4.4.2 RISING INTEREST FOR LUNAR SPACEFLIGHT
- 4.4.3 REVOLUTIONIZING THE SPACE TOURISM INDUSTRY
- 4.4.4 SUSTAINABLE SPACE TOURISM'S GLOBAL
4.5 CHALLENGES
- 4.5.1 REGULATORY CHALLENGES
- 4.5.2 SPACE TRAVEL IN ITS INFANCY IN EMERGING ECONOMIES
4.6 MARKET & TECHNOLOGY TRENDS
- 4.6.1 DEVELOPMENTS AND COLLABORATIVE STRATEGIES ADOPTED BY MARKET PLAYERS TO SUPPORT INDUSTRY GROWTH
- 4.6.2 ENHANCING SPACE TOURISM THROUGH ADVANCEMENTS IN SPACE OBSERVATION TECHNOLOGY
- 4.6.3 TECHNOLOGICAL ADVACEMENTS TO SUPPORT MARKET GROWTH
4.7 COVID IMPACT
- 4.7.1 IMPACT ON SPACE INDUSTRY
- 4.7.2 IMPACT ON SPACE TRAVEL OR TOURISM INDUSTRY
- 4.7.3 IMPACT ON SPACE TOURISM COMPANIES
- 4.7.4 MARKET RECOVERY ANALYSIS
- 4.7.5 YOY GROWTH 2020-2022

5 MARKET FACTOR ANALYSIS

5.1 VALUE CHAIN ANALYSIS
- 5.1.1 SPACECRAFT MANUFACTURERS
- 5.1.2 LAUNCH SERVICE PROVIDERS
- 5.1.3 SPACE TOURISM OPERATORS
- 5.1.4 SPACE TOURISM INFRASTRUCTURE
- 5.1.5 END-USERS
5.2 PORTER'S FIVE FORCES MODEL
- 5.2.1 THREAT OF NEW ENTRANTS
- 5.2.2 BARGAINING POWER OF SUPPLIERS
- 5.2.3 THREAT OF SUBSTITUTES
- 5.2.4 BARGAINING POWER OF BUYERS
- 5.2.5 INTENSITY OF RIVALRY
5.3 REGULATORY OUTLOOK
5.4 MARKET SWOT ANALYSIS
5.5 MARKET PESTEL ANALYSIS
- 5.5.1 POLITICAL
- 5.5.2 ECONOMIC
- 5.5.3 SOCIOLOGICAL
- 5.5.4 TECHNOLOGICAL
- 5.5.5 LEGAL
- 5.5.6 ENVIRONMENTAL
5.6 CASE STUDIES
- 5.6.1 EXPLORING THE POTENTIAL OF PARABOLIC FLIGHT INDUSTRY AMIDST CHALLENGES IN SPACE TOURISM
  - 5.6.1.1 INTRODUCTION:
  - 5.6.1.2 BACKGROUND:
  - 5.6.1.3 MARKETING CASE STUDY:
  - 5.6.1.4 CONCLUSION:
- 5.6.2 ELON MUSK AND SPACEX: ENTREPRENEURIAL EMANCIPATION IN THE NEWSPACE INDUSTRY
  - 5.6.2.1 INTRODUCTION:
  - 5.6.2.2 BACKGROUND:
  - 5.6.2.3 CONCLUSION:
- 5.6.3 ITER AD ASTRA: A CASE STUDY IN SPACE SETTLEMENT
  - 5.6.3.1 INTRODUCTION:
  - 5.6.3.2 BACKGROUND:
  - 5.6.3.3 CONCLUSION:
5.7 NUMBER OF BILLIONAIRES STATISTICS

6 GLOBAL SPACE TRAVEL OR TOURISM MARKET, BY DESTINATION (USD MILLION) (2019-2032)

6.1 OVERVIEW
6.2 ORBITAL SPACEFLIGHT
6.3 SUB-ORBITAL SPACEFLIGHT
6.4 LUNAR SPACEFLIGHT

7 GLOBAL SPACE TRAVEL OR TOURISM MARKET, BY DURATION (USD MILLION) (2019-2032)

7.1 INTRODUCTION
7.2 UP TO 8 DAYS
7.3 MORE THAN 8 DAYS

8 GLOBAL SPACE TRAVEL OR TOURISM MARKET, BY END-USERS (USD MILLION) (2019-2032)

8.1 INTRODUCTION
8.2 BILLIONAIRES & ULTRA-HIGH-NET-WORTH INDIVIDUAL (UHNWI)
8.3 ADVENTURE SEEKERS & SCIENCE ENTHUSIAST

9 GLOBAL SPACE TRAVEL OR TOURISM MARKET, BY END-USERS GENDER (USD MILLION) (2019-2032)

9.1 INTRODUCTION
9.2 MEN
9.3 WOMEN

10 GLOBAL SPACE TRAVEL OR TOURISM MARKET, BY REGION (USD MILLION) (2019-2032)

10.1 OVERVIEW
10.2 NORTH AMERICA
- 10.2.1 US
- 10.2.2 CANADA
- 10.2.3 MEXICO
10.3 EUROPE
- 10.3.1 GERMANY
- 10.3.2 UK
- 10.3.3 FRANCE
- 10.3.4 ITALY
- 10.3.5 SPAIN
- 10.3.6 REST OF EUROPE
10.4 ASIA-PACIFIC
- 10.4.1 CHINA
- 10.4.2 JAPAN
- 10.4.3 INDIA
- 10.4.4 SOUTH KOREA
- 10.4.5 AUSTRALIA
- 10.4.6 REST OF ASIA-PACIFIC
10.5 MIDDLE EAST & AFRICA
10.6 SOUTH AND CENTAL AMERICA

11 COMPETITIVE LANDSCAPE

11.1 INTRODUCTION
11.2 COMPETITIVE BENCHMARKING
11.3 COMPANY MARKET SHARE ANALYSIS, 2023
11.4 KEY DEVELOPMENTS & GROWTH STRATEGIES
- 1.1.1 NEW PRODUCT DEVELOPMENT
- 1.1.2 MERGER AND ACQUISTION
- 1.1.3 CONTRACTS & AGREEMENTS
- 1.1.4 EXPANSIONS & INVESTMENTS

12 COMPANY PROFILES

12.1 SPACE ADVENTURE LIMITED
- 12.1.1 COMPANY OVERVIEW
- 12.1.2 FINANCIAL OVERVIEW
- 12.1.3 PRODUCTS OFFERED
- 12.1.4 KEY DEVELOPMENTS
- 12.1.5 SWOT ANALYSIS
- 12.1.6 KEY STRATEGIES
12.2 BLUE ORIGIN
- 12.2.1 COMPANY OVERVIEW
- 12.2.2 FINANCIAL OVERVIEW
- 12.2.3 PRODUCTS OFFERED
- 12.2.4 KEY DEVELOPMENTS
- 12.2.5 SWOT ANALYSIS
- 12.2.6 KEY STRATEGIES
12.3 SPACEX
- 12.3.1 COMPANY OVERVIEW
- 12.3.2 FINANCIAL OVERVIEW
- 12.3.3 PRODUCTS OFFERED
- 12.3.4 KEY DEVELOPMENTS
- 12.3.5 SWOT ANALYSIS
- 12.3.6 KEY STRATEGIES
12.4 AXIOM SPACE, INC.
- 12.4.1 COMPANY OVERVIEW
- 12.4.2 FINANCIAL OVERVIEW
- 12.4.3 PRODUCTS OFFERED
- 12.4.4 KEY DEVELOPMENTS
- 12.4.5 SWOT ANALYSIS
- 12.4.6 KEY STRATEGIES
12.5 VIRGIN GALACTIC
- 12.5.1 COMPANY OVERVIEW
- 12.5.2 FINANCIAL OVERVIEW
- 12.5.3 PRODUCTS OFFERED
- 12.5.4 KEY DEVELOPMENTS
- 12.5.5 SWOT ANALYSIS
- 12.5.6 KEY STRATEGIES
12.6 SPACEVIP
- 12.6.1 COMPANY OVERVIEW
- 12.6.2 FINANCIAL OVERVIEW
- 12.6.3 PRODUCTS OFFERED
- 12.6.4 KEY DEVELOPMENTS
- 12.6.5 SWOT ANALYSIS
- 12.6.6 KEY STRATEGIES
12.7 BOEING
- 12.7.1 COMPANY OVERVIEW
- 12.7.2 FINANCIAL OVERVIEW
- 12.7.3 PRODUCTS OFFERED
- 12.7.4 KEY DEVELOPMENTS
- 12.7.5 SWOT ANALYSIS
- 12.7.6 KEY STRATEGIES
12.8 ZERO 2 INFINITY S.L
- 12.8.1 COMPANY OVERVIEW
- 12.8.2 FINANCIAL OVERVIEW
- 12.8.3 PRODUCTS OFFERED
- 12.8.4 KEY DEVELOPMENTS
- 12.8.5 SWOT ANALYSIS
- 12.8.6 KEY STRATEGIES
12.9 ROCKET LAB USA INC.
- 12.9.1 COMPANY OVERVIEW
- 12.9.2 FINANCIAL OVERVIEW
- 12.9.3 PRODUCTS OFFERED
- 12.9.4 KEY DEVELOPMENTS
- 12.9.5 SWOT ANALYSIS
- 12.9.6 KEY STRATEGIES
12.10 SKYROOT AEROSPACE PVT. LTD.
- 12.10.1 COMPANY OVERVIEW
- 12.10.2 FINANCIAL OVERVIEW
- 12.10.3 PRODUCTS OFFERED
- 12.10.4 KEY DEVELOPMENTS
- 12.10.5 SWOT ANALYSIS
- 12.10.6 KEY STRATEGIES