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Jan 2, 2023 · PH 2022 tourism revenues hit P209-B. The country’s 2022 tourism industry generated P208.96 billion ($3.68 billion) in revenues, a whopping 2,465 percent increase from 2021, with 2.65 million international visitor arrivals as of end this year and setting the stage for a more vibrant 2023, the Department of Tourism reported.
- Space Tourism Market Size & Trends
- Market Concentration & Characteristics
- Type Insights
- End-User Insights
- Regional Insights
- Key Space Tourism Company Insights
- Recent Developments
- Global Space Tourism Market Report Segmentation
The global space tourism market size was valued at USD 851.4 million in 2023. It is expected to grow at a compound annual growth rate (CAGR) of 44.8% from 2024 to 2030. Rising advancements in technology, growing inclination of adventure travelers, High Net Worth of Income (HNWI) individuals toward spaceflight, and increased focus on research and de...
The space tourism industry has a very high level of innovation since businesses are always trying to come up with new ideas and cutting-edge technologies to improve the entire space travel experience. This innovation includes improvements in propulsion systems, safety procedures, and consumer engagement tactics in addition to spaceship architecture...
In terms of type, the market is classified into orbital, suborbital, and others. The sub-orbital segment dominated the overall market, gaining a market share of 49.1% in 2023 and witnessing a CAGR of over 44.3% during 2024 to 2030. Suborbital tourism allows individuals to experience weightlessness and observe space without actually exiting the Eart...
In terms of end-user, the market is classified into government, commercial, and others. Among these, the commercial space tourism market is expected to dominate in 2023, gaining a market share of 57.0%. It is expected to grow at the fastest CAGR of 45.2% during the forecast period 2024 to 2030. In 2021, there were thirteen commercial spaceflight mi...
North America led the overall market in 2023, with a market share of 38.9%. The region is equipped with a highly developed infrastructure and owns an extensive research and development base, allowing the region to be the top revenue contributor in the worldwide market during the projected period. A well-established infrastructure has allowed the sp...
Some of the key companies operating in the space tourism market include Virgin Galactic and SpaceX among others. 1. Virgin Galactic is a pioneering spaceflight company that aims to make commercial space travel a reality. Operating as a part of the broader Virgin Group, the company is looking forward to opening space travel to everyone. The company'...
In June 2023, Virgin Galactic announced the commencement of the company’s commercial space line operations. The inaugural commercial spaceflight, 'Galactic 01', was scheduled between June 27, 2023,...In May 2023, Blue Origin announced a Sustaining Lunar Development contract under NextSTEP-2 Appendix P from NASA. As part of the contract, Blue Origin would be responsible for developing and flying...In April 2023, Axiom Space introduced the Axiom Space Access Program, an initiative that allows countries to realize the long-term economic and scientific value microgravity can potentially offer....In November 2022, World View Enterprises, Inc. and Sierra Nevada Corporation (SNC) entered into a strategic agreement to establish and operate uncrewed platforms for Intelligence, Surveillance, and...This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2017 to 2030. For this study, Grand View Research has segmented the global space tourism market report based on type, end-user, and region: To learn more about this report, request a fr...
Jul 8, 2024 · Tourism industry growth rate Philippines 2018/19-2022/23, by sector Annual growth rate of the gross value added generated from the tourism industry (GVATI) in the Philippines from 2018/19 to 2022/ ...
Aug 31, 2023 · The estimated revenue of the orbital space tourism and travel market, focusing on developing a form of tourism around the Earth's orbit, amounted to roughly 385 million U.S. dollars in 2021. This ...
Aug 30, 2022 · The global space tourism market size is expected to reach USD 8.67 billion by 2030. It is anticipated to expand at a CAGR of 37.1% from 2022 to 2030. Space tourism is defined as human space travel ...
Jul 16, 2021 · SpaceX currently has two space tourism missions in 2022 planned with two separate companies: Axiom Space and Space Adventures. The Space Adventures Crew Dragon mission is scheduled for early 2022 and will last three to four days aboard the SpaceX Crew Dragon. The four lucky tourists will not visit the International Space Station.
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Global Space Tourism Market is accounted for $726.4 billion in 2022 and is expected to reach $1742 billion by 2028 growing at a CAGR of 15.7% during the forecast period 2022-2028
