Space Tourism Market Overview

Space Tourism Market is valued at USD 821.39 Million in 2021 and is projected to reach USD 1,956.48 Million by 2028, growing at a CAGR of 13.2% over the forecast period 2022- 2028.

Space tourism is a space journey for recreation, business, or leisure purpose. Only orbital space tourism has been supported by the Russian Space Agency to date, while Blue Origin and Virgin Galactic are working on developing sub-orbital space tourism vehicles. In addition, SpaceX revealed in 2017 that in 2018, they intend to launch two space tourists on a lunar free return trajectory aboard their Dragon V2 spacecraft, which will be launched by the Falcon Heavy rocket.

Currently, a number of commercial suborbital spacecraft with a variety of capabilities are being developed. Space tourism Suborbital Applications Research Group (SARG) was established by the Commercial Spaceflight Federation to raise awareness of the research and education potential of the suborbital reusable launch vehicles in growth. In addition, the National Aerospace Training and Research Center (NASTAR) and the Southwest Research Institute (SwRI) collaborated to develop a suborbital space scientist training course in advance of human-assisted studies on commercial suborbital vehicles. These policies would almost certainly have a positive influence on the global space tourism market.

Space Tourism Market Dynamics

In recent years, it has been observed that the proportion of consumer income spent on direct travel and tourism has increased significantly. Despite the fact that adventure tourism and space tourism are both associated with a high level of risk, increased tourism spending will lead to increased interest among enthusiasts in space tourism, which will boost the market growth.

According to the travel and tourism market research study, one of the most recent space tourism developments that will gain momentum in the space tourism market in the coming years is a decline in the cost of space tourism. If the next generation of space planes can enter orbit, the cost of going into space would drop dramatically. This would significantly lower the cost of launching satellites or space exploration missions, making it a more affordable choice for a broader customer base. Additionally, because of the lower cost, vendors could be able to launch several nano-satellites into space tourism.

Even though space missions have been effective for more than half a century, commercial, high-volume space flights used for space tourism come with a slew of technological risks. The likelihood of adverse events such as launch postponement and cancellation, flight cancellation, and loss of life and/or spaceship is extremely high. Operators in the industry are expected to make substantial investments in safety and quality assurance.

Market Segmentation

The Suborbital Segment Is Accounted For Highest Share Over The Forecast Period

The commercial suborbital spaceflight services are projected to account for the majority of total revenue in the coming years. This is largely due to the lower costs of suborbital space travel relative to orbital space travel. Due to a lack of affordability, demand for orbital tourism is expected to be small. Suborbital flights, which can transport space tourists and researchers at altitudes between 50 and 68 miles, are being tested by companies including Virgin Galactic and Blue Origin.

Geographically, North American Market Is Anticipated For Highest Revenue

The North American region, especially the United States, dominates the space tourism  market. The space tourism industry began in the United States, and most of the industry's leading operators are based there. The emergence of the highest number of billionaires and a high average disposable income are two main factors driving the growth of the space tourism market in the United States. The majority of industry participants, including Virgin Galactic, SpaceX, and Blue Origin are based in the United States.

Players Covered in Space Tourism Market are:

• Space Adventures
• EADS Astrium
• Virgin Galactic
• Armadillo Aerospace
• Excalibur Almaz
• Space Island Group
• SpaceX
• Boeing
• Zero 2 Infinity and other major players.

The demand for space tourism is a niche market with a small number of vendors. The industry is still in its early stages of growth, with companies attempting to improve their spaceflight technologies. Growing rivalry, rapid technological advancements, frequent changes in government policies, public consequences, and environmental regulations are currently the most significant factors limiting the growth of players in this global space tourism market.

Chapter 1: Introduction
 1.1 Research Objectives
 1.2 Research Methodology
 1.3 Research Process
 1.4 Scope and Coverage
  1.4.1 Market Definition
  1.4.2 Key Questions Answered
 1.5 Market Segmentation

Chapter 2:Executive Summary

Chapter 3:Growth Opportunities By Segment
 3.1 By Type
 3.2 By Product
 3.3 By Service Providers

Chapter 4: Market Landscape
 4.1 Porter's Five Forces Analysis
  4.1.1 Bargaining Power of Supplier
  4.1.2 Threat of New Entrants
  4.1.3 Threat of Substitutes
  4.1.4 Competitive Rivalry
  4.1.5 Bargaining Power Among Buyers
 4.2 Industry Value Chain Analysis
 4.3 Market Dynamics
  4.3.1 Drivers
  4.3.2 Restraints
  4.3.3 Opportunities
  4.5.4 Challenges
 4.4 Pestle Analysis
 4.5 Technological Roadmap
 4.6 Regulatory Landscape
 4.7 SWOT Analysis
 4.8 Price Trend Analysis
 4.9 Patent Analysis
 4.10 Analysis of the Impact of Covid-19
  4.10.1 Impact on the Overall Market
  4.10.2 Impact on the Supply Chain
  4.10.3 Impact on the Key Manufacturers
  4.10.4 Impact on the Pricing

Chapter 5: Space Tourism Market by Type
 5.1 Space Tourism Market Overview Snapshot and Growth Engine
 5.2 Space Tourism Market Overview
 5.3 Suborbital
  5.3.1 Introduction and Market Overview
  5.3.2 Historic and Forecasted Market Size (2016-2028F)
  5.3.3 Key Market Trends, Growth Factors and Opportunities
  5.3.4 Suborbital: Grographic Segmentation
 5.4 Orbital
  5.4.1 Introduction and Market Overview
  5.4.2 Historic and Forecasted Market Size (2016-2028F)
  5.4.3 Key Market Trends, Growth Factors and Opportunities
  5.4.4 Orbital: Grographic Segmentation

Chapter 6: Space Tourism Market by Product
 6.1 Space Tourism Market Overview Snapshot and Growth Engine
 6.2 Space Tourism Market Overview
 6.3 Altitude Jet Fighter Flights
  6.3.1 Introduction and Market Overview
  6.3.2 Historic and Forecasted Market Size (2016-2028F)
  6.3.3 Key Market Trends, Growth Factors and Opportunities
  6.3.4 Altitude Jet Fighter Flights: Grographic Segmentation
 6.4 Aircraft Replacement Flights
  6.4.1 Introduction and Market Overview
  6.4.2 Historic and Forecasted Market Size (2016-2028F)
  6.4.3 Key Market Trends, Growth Factors and Opportunities
  6.4.4 Aircraft Replacement Flights: Grographic Segmentation
 6.5 Atmospheric Zero-Gravity Flights
  6.5.1 Introduction and Market Overview
  6.5.2 Historic and Forecasted Market Size (2016-2028F)
  6.5.3 Key Market Trends, Growth Factors and Opportunities
  6.5.4 Atmospheric Zero-Gravity Flights: Grographic Segmentation

Chapter 7: Space Tourism Market by Service Providers
 7.1 Space Tourism Market Overview Snapshot and Growth Engine
 7.2 Space Tourism Market Overview
 7.3 Government
  7.3.1 Introduction and Market Overview
  7.3.2 Historic and Forecasted Market Size (2016-2028F)
  7.3.3 Key Market Trends, Growth Factors and Opportunities
  7.3.4 Government: Grographic Segmentation
 7.4 Commercial
  7.4.1 Introduction and Market Overview
  7.4.2 Historic and Forecasted Market Size (2016-2028F)
  7.4.3 Key Market Trends, Growth Factors and Opportunities
  7.4.4 Commercial: Grographic Segmentation

Chapter 8: Company Profiles and Competitive Analysis
 8.1 Competitive Landscape
  8.1.1 Competitive Positioning
  8.1.2 Space Tourism Sales and Market Share By Players
  8.1.3 Industry BCG Matrix
  8.1.4 Ansoff Matrix
  8.1.5 Space Tourism Industry Concentration Ratio (CR5 and HHI)
  8.1.6 Top 5 Space Tourism Players Market Share
  8.1.7 Mergers and Acquisitions
  8.1.8 Business Strategies By Top Players
 8.2 SPACE ADVENTURES
  8.2.1 Company Overview
  8.2.2 Key Executives
  8.2.3 Company Snapshot
  8.2.4 Operating Business Segments
  8.2.5 Product Portfolio
  8.2.6 Business Performance
  8.2.7 Key Strategic Moves and Recent Developments
  8.2.8 SWOT Analysis
 8.3 EADS ASTRIUM
 8.4 VIRGIN GALACTIC
 8.5 ARMADILLO AEROSPACE
 8.6 EXCALIBUR ALMAZ
 8.7 SPACE ISLAND GROUP
 8.8 SPACEX
 8.9 BOEING
 8.10 ZERO 2 INFINITY
 8.11 OTHER MAJOR PLAYERS

Chapter 9: Global Space Tourism Market Analysis, Insights and Forecast, 2016-2028
 9.1 Market Overview
 9.2 Historic and Forecasted Market Size By Type
  9.2.1 Suborbital
  9.2.2 Orbital
 9.3 Historic and Forecasted Market Size By Product
  9.3.1 Altitude Jet Fighter Flights
  9.3.2 Aircraft Replacement Flights
  9.3.3 Atmospheric Zero-Gravity Flights
 9.4 Historic and Forecasted Market Size By Service Providers
  9.4.1 Government
  9.4.2 Commercial

Chapter 10: North America Space Tourism Market Analysis, Insights and Forecast, 2016-2028
 10.1 Key Market Trends, Growth Factors and Opportunities
 10.2 Impact of Covid-19
 10.3 Key Players
 10.4 Key Market Trends, Growth Factors and Opportunities
 10.4 Historic and Forecasted Market Size By Type
  10.4.1 Suborbital
  10.4.2 Orbital
 10.5 Historic and Forecasted Market Size By Product
  10.5.1 Altitude Jet Fighter Flights
  10.5.2 Aircraft Replacement Flights
  10.5.3 Atmospheric Zero-Gravity Flights
 10.6 Historic and Forecasted Market Size By Service Providers
  10.6.1 Government
  10.6.2 Commercial
 10.7 Historic and Forecast Market Size by Country
  10.7.1 U.S.
  10.7.2 Canada
  10.7.3 Mexico

Chapter 11: Europe Space Tourism Market Analysis, Insights and Forecast, 2016-2028
 11.1 Key Market Trends, Growth Factors and Opportunities
 11.2 Impact of Covid-19
 11.3 Key Players
 11.4 Key Market Trends, Growth Factors and Opportunities
 11.4 Historic and Forecasted Market Size By Type
  11.4.1 Suborbital
  11.4.2 Orbital
 11.5 Historic and Forecasted Market Size By Product
  11.5.1 Altitude Jet Fighter Flights
  11.5.2 Aircraft Replacement Flights
  11.5.3 Atmospheric Zero-Gravity Flights
 11.6 Historic and Forecasted Market Size By Service Providers
  11.6.1 Government
  11.6.2 Commercial
 11.7 Historic and Forecast Market Size by Country
  11.7.1 Germany
  11.7.2 U.K.
  11.7.3 France
  11.7.4 Italy
  11.7.5 Russia
  11.7.6 Spain
  11.7.7 Rest of Europe

Chapter 12: Asia-Pacific Space Tourism Market Analysis, Insights and Forecast, 2016-2028
 12.1 Key Market Trends, Growth Factors and Opportunities
 12.2 Impact of Covid-19
 12.3 Key Players
 12.4 Key Market Trends, Growth Factors and Opportunities
 12.4 Historic and Forecasted Market Size By Type
  12.4.1 Suborbital
  12.4.2 Orbital
 12.5 Historic and Forecasted Market Size By Product
  12.5.1 Altitude Jet Fighter Flights
  12.5.2 Aircraft Replacement Flights
  12.5.3 Atmospheric Zero-Gravity Flights
 12.6 Historic and Forecasted Market Size By Service Providers
  12.6.1 Government
  12.6.2 Commercial
 12.7 Historic and Forecast Market Size by Country
  12.7.1 China
  12.7.2 India
  12.7.3 Japan
  12.7.4 Singapore
  12.7.5 Australia
  12.7.6 New Zealand
  12.7.7 Rest of APAC

Chapter 13: Middle East & Africa Space Tourism Market Analysis, Insights and Forecast, 2016-2028
 13.1 Key Market Trends, Growth Factors and Opportunities
 13.2 Impact of Covid-19
 13.3 Key Players
 13.4 Key Market Trends, Growth Factors and Opportunities
 13.4 Historic and Forecasted Market Size By Type
  13.4.1 Suborbital
  13.4.2 Orbital
 13.5 Historic and Forecasted Market Size By Product
  13.5.1 Altitude Jet Fighter Flights
  13.5.2 Aircraft Replacement Flights
  13.5.3 Atmospheric Zero-Gravity Flights
 13.6 Historic and Forecasted Market Size By Service Providers
  13.6.1 Government
  13.6.2 Commercial
 13.7 Historic and Forecast Market Size by Country
  13.7.1 Turkey
  13.7.2 Saudi Arabia
  13.7.3 Iran
  13.7.4 UAE
  13.7.5 Africa
  13.7.6 Rest of MEA

Chapter 14: South America Space Tourism Market Analysis, Insights and Forecast, 2016-2028
 14.1 Key Market Trends, Growth Factors and Opportunities
 14.2 Impact of Covid-19
 14.3 Key Players
 14.4 Key Market Trends, Growth Factors and Opportunities
 14.4 Historic and Forecasted Market Size By Type
  14.4.1 Suborbital
  14.4.2 Orbital
 14.5 Historic and Forecasted Market Size By Product
  14.5.1 Altitude Jet Fighter Flights
  14.5.2 Aircraft Replacement Flights
  14.5.3 Atmospheric Zero-Gravity Flights
 14.6 Historic and Forecasted Market Size By Service Providers
  14.6.1 Government
  14.6.2 Commercial
 14.7 Historic and Forecast Market Size by Country
  14.7.1 Brazil
  14.7.2 Argentina
  14.7.3 Rest of SA

Chapter 15 Investment Analysis

Chapter 16 Analyst Viewpoint and Conclusion

LIST OF TABLES

TABLE 001. EXECUTIVE SUMMARY
TABLE 002. SPACE TOURISM MARKET BARGAINING POWER OF SUPPLIERS
TABLE 003. SPACE TOURISM MARKET BARGAINING POWER OF CUSTOMERS
TABLE 004. SPACE TOURISM MARKET COMPETITIVE RIVALRY
TABLE 005. SPACE TOURISM MARKET THREAT OF NEW ENTRANTS
TABLE 006. SPACE TOURISM MARKET THREAT OF SUBSTITUTES
TABLE 007. SPACE TOURISM MARKET BY TYPE
TABLE 008. SUBORBITAL MARKET OVERVIEW (2016-2028)
TABLE 009. ORBITAL MARKET OVERVIEW (2016-2028)
TABLE 010. SPACE TOURISM MARKET BY PRODUCT
TABLE 011. ALTITUDE JET FIGHTER FLIGHTS MARKET OVERVIEW (2016-2028)
TABLE 012. AIRCRAFT REPLACEMENT FLIGHTS MARKET OVERVIEW (2016-2028)
TABLE 013. ATMOSPHERIC ZERO-GRAVITY FLIGHTS MARKET OVERVIEW (2016-2028)
TABLE 014. SPACE TOURISM MARKET BY SERVICE PROVIDERS
TABLE 015. GOVERNMENT MARKET OVERVIEW (2016-2028)
TABLE 016. COMMERCIAL MARKET OVERVIEW (2016-2028)
TABLE 017. NORTH AMERICA SPACE TOURISM MARKET, BY TYPE (2016-2028)
TABLE 018. NORTH AMERICA SPACE TOURISM MARKET, BY PRODUCT (2016-2028)
TABLE 019. NORTH AMERICA SPACE TOURISM MARKET, BY SERVICE PROVIDERS (2016-2028)
TABLE 020. N SPACE TOURISM MARKET, BY COUNTRY (2016-2028)
TABLE 021. EUROPE SPACE TOURISM MARKET, BY TYPE (2016-2028)
TABLE 022. EUROPE SPACE TOURISM MARKET, BY PRODUCT (2016-2028)
TABLE 023. EUROPE SPACE TOURISM MARKET, BY SERVICE PROVIDERS (2016-2028)
TABLE 024. SPACE TOURISM MARKET, BY COUNTRY (2016-2028)
TABLE 025. ASIA PACIFIC SPACE TOURISM MARKET, BY TYPE (2016-2028)
TABLE 026. ASIA PACIFIC SPACE TOURISM MARKET, BY PRODUCT (2016-2028)
TABLE 027. ASIA PACIFIC SPACE TOURISM MARKET, BY SERVICE PROVIDERS (2016-2028)
TABLE 028. SPACE TOURISM MARKET, BY COUNTRY (2016-2028)
TABLE 029. MIDDLE EAST & AFRICA SPACE TOURISM MARKET, BY TYPE (2016-2028)
TABLE 030. MIDDLE EAST & AFRICA SPACE TOURISM MARKET, BY PRODUCT (2016-2028)
TABLE 031. MIDDLE EAST & AFRICA SPACE TOURISM MARKET, BY SERVICE PROVIDERS (2016-2028)
TABLE 032. SPACE TOURISM MARKET, BY COUNTRY (2016-2028)
TABLE 033. SOUTH AMERICA SPACE TOURISM MARKET, BY TYPE (2016-2028)
TABLE 034. SOUTH AMERICA SPACE TOURISM MARKET, BY PRODUCT (2016-2028)
TABLE 035. SOUTH AMERICA SPACE TOURISM MARKET, BY SERVICE PROVIDERS (2016-2028)
TABLE 036. SPACE TOURISM MARKET, BY COUNTRY (2016-2028)
TABLE 037. SPACE ADVENTURES: SNAPSHOT
TABLE 038. SPACE ADVENTURES: BUSINESS PERFORMANCE
TABLE 039. SPACE ADVENTURES: PRODUCT PORTFOLIO
TABLE 040. SPACE ADVENTURES: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 040. EADS ASTRIUM: SNAPSHOT
TABLE 041. EADS ASTRIUM: BUSINESS PERFORMANCE
TABLE 042. EADS ASTRIUM: PRODUCT PORTFOLIO
TABLE 043. EADS ASTRIUM: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 043. VIRGIN GALACTIC: SNAPSHOT
TABLE 044. VIRGIN GALACTIC: BUSINESS PERFORMANCE
TABLE 045. VIRGIN GALACTIC: PRODUCT PORTFOLIO
TABLE 046. VIRGIN GALACTIC: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 046. ARMADILLO AEROSPACE: SNAPSHOT
TABLE 047. ARMADILLO AEROSPACE: BUSINESS PERFORMANCE
TABLE 048. ARMADILLO AEROSPACE: PRODUCT PORTFOLIO
TABLE 049. ARMADILLO AEROSPACE: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 049. EXCALIBUR ALMAZ: SNAPSHOT
TABLE 050. EXCALIBUR ALMAZ: BUSINESS PERFORMANCE
TABLE 051. EXCALIBUR ALMAZ: PRODUCT PORTFOLIO
TABLE 052. EXCALIBUR ALMAZ: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 052. SPACE ISLAND GROUP: SNAPSHOT
TABLE 053. SPACE ISLAND GROUP: BUSINESS PERFORMANCE
TABLE 054. SPACE ISLAND GROUP: PRODUCT PORTFOLIO
TABLE 055. SPACE ISLAND GROUP: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 055. SPACEX: SNAPSHOT
TABLE 056. SPACEX: BUSINESS PERFORMANCE
TABLE 057. SPACEX: PRODUCT PORTFOLIO
TABLE 058. SPACEX: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 058. BOEING: SNAPSHOT
TABLE 059. BOEING: BUSINESS PERFORMANCE
TABLE 060. BOEING: PRODUCT PORTFOLIO
TABLE 061. BOEING: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 061. ZERO 2 INFINITY: SNAPSHOT
TABLE 062. ZERO 2 INFINITY: BUSINESS PERFORMANCE
TABLE 063. ZERO 2 INFINITY: PRODUCT PORTFOLIO
TABLE 064. ZERO 2 INFINITY: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 064. OTHER MAJOR PLAYERS: SNAPSHOT
TABLE 065. OTHER MAJOR PLAYERS: BUSINESS PERFORMANCE
TABLE 066. OTHER MAJOR PLAYERS: PRODUCT PORTFOLIO
TABLE 067. OTHER MAJOR PLAYERS: KEY STRATEGIC MOVES AND DEVELOPMENTS

LIST OF FIGURES

FIGURE 001. YEARS CONSIDERED FOR ANALYSIS
FIGURE 002. SCOPE OF THE STUDY
FIGURE 003. SPACE TOURISM MARKET OVERVIEW BY REGIONS
FIGURE 004. PORTER'S FIVE FORCES ANALYSIS
FIGURE 005. BARGAINING POWER OF SUPPLIERS
FIGURE 006. COMPETITIVE RIVALRYFIGURE 007. THREAT OF NEW ENTRANTS
FIGURE 008. THREAT OF SUBSTITUTES
FIGURE 009. VALUE CHAIN ANALYSIS
FIGURE 010. PESTLE ANALYSIS
FIGURE 011. SPACE TOURISM MARKET OVERVIEW BY TYPE
FIGURE 012. SUBORBITAL MARKET OVERVIEW (2016-2028)
FIGURE 013. ORBITAL MARKET OVERVIEW (2016-2028)
FIGURE 014. SPACE TOURISM MARKET OVERVIEW BY PRODUCT
FIGURE 015. ALTITUDE JET FIGHTER FLIGHTS MARKET OVERVIEW (2016-2028)
FIGURE 016. AIRCRAFT REPLACEMENT FLIGHTS MARKET OVERVIEW (2016-2028)
FIGURE 017. ATMOSPHERIC ZERO-GRAVITY FLIGHTS MARKET OVERVIEW (2016-2028)
FIGURE 018. SPACE TOURISM MARKET OVERVIEW BY SERVICE PROVIDERS
FIGURE 019. GOVERNMENT MARKET OVERVIEW (2016-2028)
FIGURE 020. COMMERCIAL MARKET OVERVIEW (2016-2028)
FIGURE 021. NORTH AMERICA SPACE TOURISM MARKET OVERVIEW BY COUNTRY (2016-2028)
FIGURE 022. EUROPE SPACE TOURISM MARKET OVERVIEW BY COUNTRY (2016-2028)
FIGURE 023. ASIA PACIFIC SPACE TOURISM MARKET OVERVIEW BY COUNTRY (2016-2028)
FIGURE 024. MIDDLE EAST & AFRICA SPACE TOURISM MARKET OVERVIEW BY COUNTRY (2016-2028)
FIGURE 025. SOUTH AMERICA SPACE TOURISM MARKET OVERVIEW BY COUNTRY (2016-2028)