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Space Tourism Market - Global Size & Upcoming Industry Trends

Global Space Tourism Market by Service Type ( Suborbital, Orbital ), Providers, Product, and Region - Global Forecast to 2026

  • Report ID : IMR-14547 |
  • Category : Service Industry  |
  • Published Date : January 2021 |
  • Format :   IMR Report Formats   IMR Report Formats   IMR Report Formats

Global Space Tourism Market Overview

The global space tourism market is valued at USD 641 Million and is projected to reach USD1.5 Billion by 2026, growing at a CAGR of 13.2% over the period.

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. The 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.

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

By Type, Space Tourism has been segmented into:

  • Suborbital
  • Orbital

By Product, Space Tourism has been segmented into:

  • Altitude Jet FIghter Flights
  • Aircraft Replacement Flights
  • Atmospheric Zero-Gravity Flights

By Service Providers, Space Tourism has been segmented into:

  • Government
  • Commercial
  • Others

Regions and Countries Level Analysis:

  • North America (U.S., Canada, Mexico)
  • Europe (Germany, U.K., France, Italy, Russia, Spain etc.)
  • Asia-Pacific (China, India, Japan, Southeast Asia etc.)
  • South America (Brazil, Argentina etc.)
  • Middle East & Africa (Saudi Arabia, South Africa etc.)

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 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

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 market.


Frequently Asked Questions :

  • Space tourism is a space journey for recreation, business, or leisure purpose.

  • Some of the leading players operating in the market are Blue Origin, Virgin Galactic, EADS Astrium, Armadillo Aerospace, Boeing, Zero 2 Infinity Excalibur Almaz, SpaceX, Space Adventures, Space Island Group, and others.

  • The North American region, especially the United States, dominates the market. The space tourism industry began in the United States, and most of the industry's leading operators are based there.

  • 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.

  • The global space tourism market is valued at USD 641 Million and is projected to reach USD1.5 Billion by 2026, growing at a CAGR of 13.2% over the period.

Table of Content

1. Market Overview of Space Tourism
	1.1 Space Tourism Market Overview
		1.1.1 Space Tourism Product Scope
		1.1.2 Market Status and Outlook
	1.2 Space Tourism Market Size by Regions: 2015 VS 2021 VS 2026
	1.3 Space Tourism Historic Market Size by Regions (2015-2020)
	1.4 Space Tourism Forecasted Market Size by Regions (2021-2026)
	1.5 Covid-19 Impact on Key Regions, Keyword Market Size YoY Growth (2015-2026)
		1.5.1 North America
		1.5.2 East Asia
		1.5.3 Europe
		1.5.4 South Asia
		1.5.5 Southeast Asia
		1.5.6 Middle East
		1.5.7 Africa
		1.5.8 Oceania
		1.5.9 South America
		1.5.10 Rest of the World
	1.6 Coronavirus Disease 2019 (Covid-19) Impact Will Have a Severe Impact on Global Growth
		1.6.1 Covid-19 Impact: Global GDP Growth, 2019, 2020 and 2021 Projections
		1.6.2 Covid-19 Impact: Commodity Prices Indices
		1.6.3 Covid-19 Impact: Global Major Government Policy
2. Covid-19 Impact Space Tourism Sales Market by Type (2015-2026)
	2.1 Global Space Tourism Historic Market Size by Type (2015-2020)
	2.2 Global Space Tourism Forecasted Market Size by Type (2021-2026)
	2.3 Suborbital
	2.4 Orbital
3. Covid-19 Impact Space Tourism Sales Market by Application (2015-2026)
	3.1 Global Space Tourism Historic Market Size by Application (2015-2020)
	3.2 Global Space Tourism Forecasted Market Size by Application (2021-2026)
	3.3 Civilians
	3.4 The Rich
4. Covid-19 Impact Market Competition by Manufacturers
	4.1 Global Space Tourism Production Capacity Market Share by Manufacturers (2015-2020)
	4.2 Global Space Tourism Revenue Market Share by Manufacturers (2015-2020)
	4.3 Global Space Tourism Average Price by Manufacturers (2015-2020)
5. Company Profiles and Key Figures in Space Tourism Business
	5.1 Space Adventures
		5.1.1 Space Adventures Company Profile
		5.1.2 Space Adventures Space Tourism Product Specification
		5.1.3 Space Adventures Space Tourism Production Capacity, Revenue, Price and Gross Margin (2015-2020)
	5.2 EADS Astrium
		5.2.1 EADS Astrium Company Profile
		5.2.2 EADS Astrium Space Tourism Product Specification
		5.2.3 EADS Astrium Space Tourism Production Capacity, Revenue, Price and Gross Margin (2015-2020)
	5.3 Virgin Galactic
		5.3.1 Virgin Galactic Company Profile
		5.3.2 Virgin Galactic Space Tourism Product Specification
		5.3.3 Virgin Galactic Space Tourism Production Capacity, Revenue, Price and Gross Margin (2015-2020)
	5.4 Armadillo Aerospace
		5.4.1 Armadillo Aerospace Company Profile
		5.4.2 Armadillo Aerospace Space Tourism Product Specification
		5.4.3 Armadillo Aerospace Space Tourism Production Capacity, Revenue, Price and Gross Margin (2015-2020)
	5.5 Excalibur Almaz
		5.5.1 Excalibur Almaz Company Profile
		5.5.2 Excalibur Almaz Space Tourism Product Specification
		5.5.3 Excalibur Almaz Space Tourism Production Capacity, Revenue, Price and Gross Margin (2015-2020)
	5.6 Space Island Group
		5.6.1 Space Island Group Company Profile
		5.6.2 Space Island Group Space Tourism Product Specification
		5.6.3 Space Island Group Space Tourism Production Capacity, Revenue, Price and Gross Margin (2015-2020)
	5.7 SpaceX
		5.7.1 SpaceX Company Profile
		5.7.2 SpaceX Space Tourism Product Specification
		5.7.3 SpaceX Space Tourism Production Capacity, Revenue, Price and Gross Margin (2015-2020)
	5.8 Boeing
		5.8.1 Boeing Company Profile
		5.8.2 Boeing Space Tourism Product Specification
		5.8.3 Boeing Space Tourism Production Capacity, Revenue, Price and Gross Margin (2015-2020)
	5.9 Zero 2 Infinity
		5.9.1 Zero 2 Infinity Company Profile
		5.9.2 Zero 2 Infinity Space Tourism Product Specification
		5.9.3 Zero 2 Infinity Space Tourism Production Capacity, Revenue, Price and Gross Margin (2015-2020)
6. North America
	6.1 North America Space Tourism Market Size (2015-2026)
	6.2 North America Space Tourism Key Players in North America (2015-2020)
	6.3 North America Space Tourism Market Size by Type (2015-2020)
	6.4 North America Space Tourism Market Size by Application (2015-2020)
7. East Asia
	7.1 East Asia Space Tourism Market Size (2015-2026)
	7.2 East Asia Space Tourism Key Players in North America (2015-2020)
	7.3 East Asia Space Tourism Market Size by Type (2015-2020)
	7.4 East Asia Space Tourism Market Size by Application (2015-2020)
8. Europe
	8.1 Europe Space Tourism Market Size (2015-2026)
	8.2 Europe Space Tourism Key Players in North America (2015-2020)
	8.3 Europe Space Tourism Market Size by Type (2015-2020)
	8.4 Europe Space Tourism Market Size by Application (2015-2020)
9. South Asia
	9.1 South Asia Space Tourism Market Size (2015-2026)
	9.2 South Asia Space Tourism Key Players in North America (2015-2020)
	9.3 South Asia Space Tourism Market Size by Type (2015-2020)
	9.4 South Asia Space Tourism Market Size by Application (2015-2020)
10. Southeast Asia
	10.1 Southeast Asia Space Tourism Market Size (2015-2026)
	10.2 Southeast Asia Space Tourism Key Players in North America (2015-2020)
	10.3 Southeast Asia Space Tourism Market Size by Type (2015-2020)
	10.4 Southeast Asia Space Tourism Market Size by Application (2015-2020)
11. Middle East
	11.1 Middle East Space Tourism Market Size (2015-2026)
	11.2 Middle East Space Tourism Key Players in North America (2015-2020)
	11.3 Middle East Space Tourism Market Size by Type (2015-2020)
	11.4 Middle East Space Tourism Market Size by Application (2015-2020)
12. Africa
	12.1 Africa Space Tourism Market Size (2015-2026)
	12.2 Africa Space Tourism Key Players in North America (2015-2020)
	12.3 Africa Space Tourism Market Size by Type (2015-2020)
	12.4 Africa Space Tourism Market Size by Application (2015-2020)
13. Oceania
	13.1 Oceania Space Tourism Market Size (2015-2026)
	13.2 Oceania Space Tourism Key Players in North America (2015-2020)
	13.3 Oceania Space Tourism Market Size by Type (2015-2020)
	13.4 Oceania Space Tourism Market Size by Application (2015-2020)
14. South America
	14.1 South America Space Tourism Market Size (2015-2026)
	14.2 South America Space Tourism Key Players in North America (2015-2020)
	14.3 South America Space Tourism Market Size by Type (2015-2020)
	14.4 South America Space Tourism Market Size by Application (2015-2020)
15. Rest of the World
	15.1 Rest of the World Space Tourism Market Size (2015-2026)
	15.2 Rest of the World Space Tourism Key Players in North America (2015-2020)
	15.3 Rest of the World Space Tourism Market Size by Type (2015-2020)
	15.4 Rest of the World Space Tourism Market Size by Application (2015-2020)
16 Space Tourism Market Dynamics
	16.1 Covid-19 Impact Market Top Trends
	16.2 Covid-19 Impact Market Drivers
	16.3 Covid-19 Impact Market Challenges
	16.4 Porter’s Five Forces Analysis
18 Regulatory Information
17 Analyst's Viewpoints/Conclusions
18 Appendix
	18.1 Research Methodology
		18.1.1 Methodology/Research Approach
		18.1.2 Data Source
	18.2 Disclaimer
List of Table

                Table Global Market Size and Forecast by Geography with Growth Rate, 2016-2026
                Table Global Market Size and Forecast by Type with Growth Rate, 2016-2026
                Table Global Market Size and Forecast by End-Use with Growth Rate, 2016-2026
                Table Global Production Amount Status and Growth Rate by Geography, 2016-2020, in Million USD
                Table Global Market Amount and Growth Rate by Geography, 2016-2020, in Million USD
                Table Asia-Pacific Production Amount Status and Growth Rate by Region, 2016-2020, in Million USD
                Table North America Production Amount Status and Growth Rate by Region, 2016-2020, in Million USD
                Table South America Production Amount Status and Growth Rate by Region, 2016-2020, in Million USD
                Table Europe Production Amount Status and Growth Rate by Region, 2016-2020, in Million USD
                Table Middle East & Africa Production Amount Status and Growth Rate by Region, 2016-2020, in Million USD
                Table Asia-Pacific Market Amount and Growth Rate by Region, 2016-2020, in Million USD
                Table North America Market Amount and Growth Rate by Region, 2016-2020, in Million USD
                Table South America Market Amount and Growth Rate by Region, 2016-2020, in Million USD
                Table Europe Market Amount and Growth Rate by Region, 2016-2020, in Million USD
                Table Middle East & Africa Market Amount and Growth Rate by Region, 2016-2020, in Million USD
                Table Major Manufacturers Headquarters and Contact Information
                Table Major Manufacturers Production Amount List in 2018
                Table Space Adventures Overview List
                Table Space Tourism Business Operation of Space Adventures (Production Amount (Million USD), Cost, Gross Margin)
                Table EADS Astrium Overview List
                Table Space Tourism Business Operation of EADS Astrium (Production Amount (Million USD), Cost, Gross Margin)
                Table Virgin Galactic Overview List
                Table Space Tourism Business Operation of Virgin Galactic (Production Amount (Million USD), Cost, Gross Margin)
                Table Armadillo Aerospace Overview List
                Table Space Tourism Business Operation of Armadillo Aerospace (Production Amount (Million USD), Cost, Gross Margin)
                Table Excalibur Almaz Overview List
                Table Space Tourism Business Operation of Excalibur Almaz (Production Amount (Million USD), Cost, Gross Margin)
                Table Space Island Group Overview List
                Table Space Tourism Business Operation of Space Island Group (Production Amount (Million USD), Cost, Gross Margin)
                Table SpaceX Overview List
                Table Space Tourism Business Operation of SpaceX (Production Amount (Million USD), Cost, Gross Margin)
                Table Boeing Overview List
                Table Space Tourism Business Operation of Boeing (Production Amount (Million USD), Cost, Gross Margin)
                Table Zero 2 Infinity Overview List
                Table Space Tourism Business Operation of Zero 2 Infinity (Production Amount (Million USD), Cost, Gross Margin)
                Table Global Production Amount List by Manufacturers, 2016-2020, in Million USD
                Table Global Production Amount Share List by Manufacturers, 2016-2020, in Million USD
                Table Global Market Status and Growth Rate by Product Type Segment, 2016-2020, in Million USD
                Table Global Market Status and Growth Rate by End-Use Segment, 2016-2020, in Million USD
                Table Global Market Forecast by Region Segment 2021-2026, in Million USD
                Table Global Market Amount by Product Type Segment 2021-2026, in Million USD
                Table Global Market Amount by End-Use Segment 2021-2026, in Million USD


List of Figure

                Figure Space Tourism Picture List
                Figure Global Market Size and Forecast with Growth Rate, 2016-2026
                Figure Global Production Amount Status and Growth Rate, 2016-2020, in Million USD
                Figure Global Market Amount and Growth Rate, 2016-2020, in Million USD
                Figure Asia-Pacific Production Amount Status and Growth Rate, 2016-2020, in Million USD
                Figure North America Production Amount Status and Growth Rate, 2016-2020, in Million USD
                Figure South America Production Amount Status and Growth Rate, 2016-2020, in Million USD
                Figure Europe Production Amount Status and Growth Rate, 2016-2020, in Million USD
                Figure Middle East & Africa Production Amount Status and Growth Rate, 2016-2020, in Million USD
                Figure Asia-Pacific Market Amount and Growth Rate, 2016-2020, in Million USD
                Figure North America Market Amount and Growth Rate, 2016-2020, in Million USD
                Figure South America Market Amount and Growth Rate, 2016-2020, in Million USD
                Figure Europe Market Amount and Growth Rate, 2016-2020, in Million USD
                Figure Middle East & Africa Market Amount and Growth Rate, 2016-2020, in Million USD
                Figure Global Market Size and Growth Rate, 2016-2020, in Million USD
                Figure Global Competition Sketch Overview
                Figure Global Production Amount Share by Manufacturers in 2020, in Million USD
                Figure Global Market Amount and Growth Rate in Suborbital, 2016-2020, in USD Million
                Figure Global Market Amount and Growth Rate in Orbital, 2016-2020, in USD Million
                Figure Global Market Amount and Growth Rate in Civilians, 2016-2020, in USD Million
                Figure Global Market Amount and Growth Rate in The Rich, 2016-2020, in USD Million
                Figure Cost Component Ratio
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