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Space Tourism Market Size, Share & Trends Analysis Report By Type (Orbital, Sub-orbital), By End Use (Government, Commercial), By Region, And Segment Forecasts, 2022 - 2030

July 2022 | 100 pages | ID: SB3CC303A343EN
Grand View Research, Inc.

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Space Tourism Market Growth & Trends

The global space tourism market size is expected to reach USD 8.67 billion by 2030, according to a new report by Grand View Research, Inc. It is anticipated to expand at a CAGR of 37.1% from 2022 to 2030. Space tourism is defined as human space travel for recreational, leisure, or business purposes. A high-net-worth individual seeking a unique experience is willing to pay for space tourism, increasing demand for space tourism.

As space technology research, development, and commercialization accelerate, space tourism is becoming a solid commercial pillar of the space industry. Only a few governments and private players have recently entered the market, with the Russian government consistently expressing interest in developing space tourism capabilities. In January 2021, Glavkosmos, Roscosmos' commercial arm, announced that it would sell four seats on the Soyuz MS spacecraft, with launches scheduled for 2022 and 2023, respectively.

Space tourism is expected to allow more space research, making space science more accessible to individuals. Since space is costly at the moment, these flights will offer a much lower cost to do some research. Space tourism will also help in making new technologies. More space science implies new inventions, and most technologies are based on the transformation that started in space. Running shoes, bulletproof vests, foam mattresses, etc., are a few of the technologies we got from a space visit to the moon.

Space tourism can be divided into suborbital and orbital tourism. Suborbital tourism allows human spaceflight to the space border without sending the vehicle into orbit. In a suborbital flight, one never makes it into orbit. A flight duration in suborbital flight ranges from 2 - 3 hours. Orbital tourism enables travelers to experience orbit. Orbital flight implies staying in orbit, i.e., continually going around the planet at a very high speed to not fall back on Earth. These trips can long for several days or weeks.

Space tourism is harmful to the environment. In general, rocket launches are detrimental to the environment. Rocket engines, burning rocket fuels, release black carbon (soot particles) and harmful gases into the upper atmosphere, resulting in ozone depletion. However, a few space companies do not use black carbon for fuel. Companies like Blue Origin’s New Shepard uses liquid hydrogen-fueled gases in rockets. Hydrogen turns into water vapor when burning and does not emit carbon.

The reason why space tourism can be harmful to the environment is its potential popularity. As rocket launches are rising, carbon footprints will also increase. The company, Virgin Galactic is planning to launch 400 flights annually. The black carbon released by 1,000 space tourism flights results in a one-degree Celsius increase in the temperature of Antarctica.

A few companies working in space tourism are SpaceX, Airbus Group SE, Blue Origin, Boeing, ZERO-G, Virgin Galactic, and Axiom Space. In March 2022, Blue Origin launched its suborbital vehicle, New Shepard, on its first flight of the year, which carried six people on a short-term trip to space and back. The launch was deferred for nearly one hour by several countdown holds, including one that continued for more than 45 minutes. Later, Blue Origin said they required the time to work out a problem with the radio system on the vehicle that networks telemetry.

Space Tourism Market Report Highlights
  • Space tourism is adopted by wealthy families, affluent individuals, or anyone with enough money who wants a different experience and is eager to pay for space tourism
  • Space tourism has increased overall space exploration activities. In November 2020, SpaceX launched non-astronauts to the International Space Station (ISS), which marked a new era of space exploration
  • The suborbital segment is expected to dominate the market and expand at a CAGR of 36.7% from 2022 to 2030
  • The commercial market for space tourism is projected to grow at the highest CAGR during the forecast period
  • The primary source markets for space tourism are the U.S., Japan, China, India, the U.K., Canada, Germany, Hong Kong, France, and Australia
  • The U.S. will be the primary source market for space tourism companies. When promoting their expeditions and hotels, all players in the space tourism sector focus on the U.S. market, as campaigns aimed at this market are likely to have the most significant impact
CHAPTER 1. METHODOLOGY AND SCOPE

1.1. Research Methodology
1.2. Research Scope and Assumptions
1.3. List of Data Sources
1.4. List of Abbreviations

CHAPTER 2. EXECUTIVE SUMMARY

2.1. Market Insights
2.2. Market Snapshot
2.3. Segmental Insights
2.4. Space Tourism Market Revenue Estimates, 2017 - 2030

CHAPTER 3. MARKET VARIABLES, TRENDS, & SCOPE OUTLOOK

3.1. Market Segmentation
3.2. Space Tourism Market Size & Growth Prospects
3.3. Space Tourism Market - Value Chain Analysis
3.4. Space Tourism Market Dynamics
  3.4.1. Market Driver Analysis
  3.4.2. Market Restraint Analysis
  3.4.3. Market Opportunity Analysis
3.5. Space Tourism Penetration & Growth Prospects Mapping
3.6. Space Tourism Market - Porter's Five Forces Analysis
  3.6.1. Supplier power
  3.6.2. Buyer power
  3.6.3. Substitution threat
  3.6.4. Threat from new entrant
  3.6.5. Competitive rivalry
3.7. Space Tourism Market - PEST Analysis
  3.7.1. Political landscape
  3.7.2. Economic landscape
  3.7.3. Social landscape
  3.7.4. Technology landscape
3.8. COVID-19 Impact Analysis

CHAPTER 4. SPACE TOURISM MARKET TYPE OUTLOOK

4.1. Space Tourism Market, By Type Analysis & Market Share, 2021 & 2030
4.2. Orbital
  4.2.1. Market estimates and forecasts, 2017 - 2030 (USD Million)
  4.2.2. Market estimates and forecasts, By Region, 2017 - 2030 (USD Million)
4.3. Sub-orbital
  4.3.1. Market estimates and forecasts, 2017 - 2030 (USD Million)
  4.3.2. Market estimates and forecasts, By Region, 2017 - 2030 (USD Million)
4.4. Others
  4.4.1. Market estimates and forecasts, 2017 - 2030 (USD Million)
  4.4.2. Market estimates and forecasts, By Region, 2017 - 2030 (USD Million)

CHAPTER 5. SPACE TOURISM MARKET END-USER OUTLOOK

5.1. Space Tourism Market, By End-user Analysis & Market Share, 2021 & 2030
5.2. Government
  5.2.1. Market estimates and forecasts, 2017 - 2030 (USD Million)
  5.2.2. Market estimates and forecasts, By Region, 2017 - 2030 (USD Million)
5.3. Commercial
  5.3.1. Market estimates and forecasts, 2017 - 2030 (USD Million)
  5.3.2. Market estimates and forecasts, By Region, 2017 - 2030 (USD Million)
5.4. Others
  5.4.1. Market estimates and forecasts, 2017 - 2030 (USD Million)
  5.4.2. Market estimates and forecasts, By Region, 2017 - 2030 (USD Million)

CHAPTER 6. SPACE TOURISM MARKET: REGIONAL ESTIMATES & TREND ANALYSIS

6.1. Space Tourism Market Share by Region, 2021 & 2030
6.2. North America
  6.2.1. Market estimates and forecasts, 2017 - 2030
  6.2.2. Market estimates and forecasts, By Type, 2017 - 2030 (USD Million)
  6.2.3. Market estimates and forecasts, By End-user, 2017 - 2030 (USD Million)
  6.2.4. U.S.
    6.2.4.1. Market estimates and forecasts, By Type, 2017 - 2030 (USD Million)
    6.2.4.2. Market estimates and forecasts, By End-user, 2017 - 2030 (USD Million)
  6.2.5. Canada
    6.2.5.1. Market estimates and forecasts, By Type, 2017 - 2030 (USD Million)
    6.2.5.2. Market estimates and forecasts, By End-user, 2017 - 2030 (USD Million)
6.3. Europe
  6.3.1. Market estimates and forecasts, 2017 - 2030
  6.3.2. Market estimates and forecasts, By Type, 2017 - 2030 (USD Million)
  6.3.3. Market estimates and forecasts, By End-user, 2017 - 2030 (USD Million)
  6.3.4. Germany
    6.3.4.1. Market estimates and forecasts, By Type, 2017 - 2030 (USD Million)
    6.3.4.2. Market estimates and forecasts, By End-user, 2017 - 2030 (USD Million)
  6.3.5. U.K.
    6.3.5.1. Market estimates and forecasts, By Type, 2017 - 2030 (USD Million)
    6.3.5.2. Market estimates and forecasts, By End-user, 2017 - 2030 (USD Million)
6.4. Asia-Pacific
  6.4.1. Market estimates and forecasts, 2017 - 2030
  6.4.2. Market estimates and forecasts, By Type, 2017 - 2030 (USD Million)
  6.4.3. Market estimates and forecasts, By End-user, 2017 - 2030 (USD Million)
  6.4.4. China
    6.4.4.1. Market estimates and forecasts, By Type, 2017 - 2030 (USD Million)
    6.4.4.2. Market estimates and forecasts, By End-user, 2017 - 2030 (USD Million)
  6.4.5. Japan
    6.4.5.1. Market estimates and forecasts, By Type, 2017 - 2030 (USD Million)
    6.4.5.2. Market estimates and forecasts, By End-user, 2017 - 2030 (USD Million)
  6.4.6. India
    6.4.6.1. Market estimates and forecasts, By Type, 2017 - 2030 (USD Million)
    6.4.6.2. Market estimates and forecasts, By End-user, 2017 - 2030 (USD Million)
6.5. Latin America
  6.5.1. Market estimates and forecasts, 2017 - 2030
  6.5.2. Market estimates and forecasts, By Type, 2017 - 2030 (USD Million)
  6.5.3. Market estimates and forecasts, By End-user, 2017 - 2030 (USD Million)
  6.5.4. Brazil
    6.5.4.1. Market estimates and forecasts, By Type, 2017 - 2030 (USD Million)
    6.5.4.2. Market estimates and forecasts, By End-user, 2017 - 2030 (USD Million)
6.6. Middle East & Africa
  6.6.1. Market estimates and forecasts, 2017 - 2030
  6.6.2. Market estimates and forecasts, By Type, 2017 - 2030 (USD Million)
  6.6.3. Market estimates and forecasts, By End-user, 2017 - 2030 (USD Million)

CHAPTER 7. COMPETITIVE ANALYSIS

7.1. Recent Developments and Impact Analysis, by Key Market Participants
7.2. Company/Competition Categorization (Key Innovators, Market Leaders, Emerging, Niche Players)
7.3. Vendor Landscape
  7.3.1. Key company market share analysis, 2021
7.4. Company Analysis Tools
  7.4.1. Market Position Analysis
  7.4.2. Competitive Dashboard Analysis

CHAPTER 8. COMPETITIVE LANDSCAPE

8.1. Company Profiles
8.2. Airbus Group SE
  8.2.1. Company overview
  8.2.2. Financial performance
  8.2.3. Type benchmarking
  8.2.4. Strategic initiatives
8.3. Axiom Space
  8.3.1. Company overview
  8.3.2. Financial performance
  8.3.3. Type benchmarking
  8.3.4. Strategic initiatives
8.4. Blue Origin
  8.4.1. Company overview
  8.4.2. Financial performance
  8.4.3. Type benchmarking
  8.4.4. Strategic initiatives
8.5. Boeing
  8.5.1. Company overview
  8.5.2. Financial performance
  8.5.3. Type benchmarking
  8.5.4. Strategic initiatives
8.6. Orion Span
  8.6.1. Company overview
  8.6.2. Financial performance
  8.6.3. Type benchmarking
  8.6.4. Strategic initiatives
8.7. Space Adventures
  8.7.1. Company overview
  8.7.2. Financial performance
  8.7.3. Type benchmarking
  8.7.4. Strategic initiatives
8.8. SpaceX
  8.8.1. Company overview
  8.8.2. Financial performance
  8.8.3. Type benchmarking
  8.8.4. Strategic initiatives
8.9. Virgin Galactic
  8.9.1. Company overview
  8.9.2. Financial performance
  8.9.3. Type benchmarking
  8.9.4. Strategic initiatives
8.10. Zero2Infinity
  8.10.1. Company overview
  8.10.2. Financial performance
  8.10.3. Type benchmarking
  8.10.4. Strategic initiatives
8.11. ZERO-G
  8.11.1. Company overview
  8.11.2. Financial performance
  8.11.3. Type benchmarking
  8.11.4. Strategic initiatives
LIST OF TABLES

Table 1 Global space tourism market, 2017 - 2030 (USD Million)
Table 2 Global market estimates and forecasts by region, 2017 - 2030 (USD Million)
Table 3 Global market estimates and forecasts by type, 2017 - 2030 (USD Million)
Table 4 Global market estimates and forecasts by end-user, 2017 - 2030 (USD Million)
Table 5 Global orbital space tourism market by region, 2017 - 2030 (USD Million)
Table 6 Global suborbital space tourism market by region, 2017 - 2030 (USD Million)
Table 7 Global government space tourism market by region, 2017 - 2030 (USD Million)
Table 8 Global commercial space tourism market by region, 2017 - 2030 (USD Million)
Table 9 North America space tourism market by type, 2017 - 2030 (USD Million)
Table 10 North America space tourism market by end-user, 2017 - 2030 (USD Million)
Table 11 U.S. space tourism market by type, 2017 - 2030 (USD Million)
Table 12 U.S. space tourism market by end-user, 2017 - 2030 (USD Million)
Table 13 Canada space tourism market by type, 2017 - 2030 (USD Million)
Table 14 Canada space tourism market by end-user, 2017 - 2030 (USD Million)
Table 15 Europe space tourism market by type, 2017 - 2030 (USD Million)
Table 16 Europe space tourism market by end-user, 2017 - 2030 (USD Million)
Table 17 Germany space tourism market by type, 2017 - 2030 (USD Million)
Table 18 Germany space tourism market by end-user, 2017 - 2030 (USD Million)
Table 19 U.K. space tourism market by type, 2017 - 2030 (USD Million)
Table 20 U.K. space tourism market by end-user, 2017 - 2030 (USD Million)
Table 21 Asia-Pacific space tourism market by type, 2017 - 2030 (USD Million)
Table 22 Asia-Pacific space tourism market by end-user, 2017 - 2030 (USD Million)
Table 23 China space tourism market by type, 2017 - 2030 (USD Million)
Table 24 China space tourism market by end-user, 2017 - 2030 (USD Million)
Table 25 India space tourism market by type, 2017 - 2030 (USD Million)
Table 26 India space tourism market by end-user, 2017 - 2030 (USD Million)
Table 27 Japan space tourism market by type, 2017 - 2030 (USD Million)
Table 28 Japan space tourism market by end-user, 2017 - 2030 (USD Million)
Table 29 Latin America space tourism market by type, 2017 - 2030 (USD Million)
Table 30 Latin America space tourism market by end-user, 2017 - 2030 (USD Million)
Table 31 Brazil space tourism market by type, 2017 - 2030 (USD Million)
Table 32 Brazil space tourism market by end-user, 2017 - 2030 (USD Million)
Table 33 Middle East and Africa space tourism market by type, 2017 - 2030 (USD Million)
Table 34 Middle East and Africa space tourism market by end-user, 2017 - 2030 (USD Million)
LIST OF FIGURES

Fig. 1 Space tourism market segmentation and scope
Fig. 2 Space tourism market, 2017 - 2030 (USD Million)
Fig. 3 Type segmental Insights
Fig. 4 End-user segmental Insights
Fig. 5 Value chain analysis
Fig. 6 Space tourism market driver impact
Fig. 7 Space tourism market restraint impact
Fig. 8 Space tourism market opportunity impact
Fig. 9 Space tourism penetration and growth prospects mapping
Fig. 10 Space tourism market - Porter’s five forces analysis
Fig. 11 Space tourism market - PEST analysis
Fig. 12 Space tourism market, By Type, 2021 & 2030 (USD Million)
Fig. 13 Space tourism market, By End-user, 2021 & 2030 (USD Million)
Fig. 14 North America space tourism market - Key takeaways
Fig. 15 Europe space tourism market - Key takeaways
Fig. 16 Asia-Pacific space tourism market - Key takeaways
Fig. 17 Latin America space tourism market - Key takeaways
Fig. 18 MEA space tourism market - Key takeaways


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