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- In 2019, Swiss bank UBS released a report estimating space tourism could become a $3bn industry in the next 10 years. For Virgin Galactic, early buyers such as Mrs Maisonrouge helped prove the demand was there for private space travel - even with ticket prices at a quarter of a million dollars.
www.bbc.com/news/business-50929064
Feb 28, 2024 · According to research by UBS, the space tourism market is expected to reach a value of US$3bn (£2.4bn) by 2030. And it’s not surprising, given the global UHNW population in 2022 was...
Space Tourism Market Size to Reach USD 3,884.18 Mn by 2032. The global space tourism market size was estimated at USD 869.20 million in 2022 and is projected to surpass around USD 3,884.18 million by 2032, poised to grow at a registered CAGR of 16.20% from 2023 to 2032.
- 20%
- 40%
- 29%
- Revenue Share in 2022 (%)
In the next decade, the value of the space industry as a whole is expected to double, from $400bn to $800bn. According to UBS, the space tourism market alone could be worth $3bn by 2030. New horizons
- Space Tourism Market Outlook from
- Historical Performance vs. 2024 to 2034 Global Space Tourism Market Forecast
- Key Factors Expected to Boost The Space Tourism Market Size and Growth
- Key Challenge
- Country-wise Insights
- Category-Wise Insights
- Competitive Landscape
- Global Space Tourism Market Outlook by Category
The global space tourism market size reached US$ 747.1 million in 2023. Demand for space tourism recorded a y-o-y growth of 14.0% in 2023. Hence, the market valuation is expected to reach US$ 851.7 million by 2024. Over the forecast period, the global space tourism industry is predicted to exhibit a 19.8% CAGR, reaching US$ 5,191.7 million by 2034....
The market for space tourism exhibited a CAGR of 9.4% between 2019 and 2033. It attained a valuation of US$ 747.1 million at the end of 2023. Over the assessment period, the global space tourism market is set to progress at a 19.8% CAGR. The space tourism industry is still in its early stages, but it has the potential to expand into a multi-billion...
The growing popularity of space tourism globally is expected to spur growth in the space tourism market.The introduction of next-generation space technologies is predicted to boost the market.Rising government initiatives and investments to develop space tourism will create lucrative prospects for space tourism companies.Emerging trends in orbital space travel, including the development of new orbital and suborbital vehicles, will bode well for the market.Concerns about the Environmental Impact of Space Tourism Limit Market Expansion The space tourism industry has generated both excitement and trepidation due to its potential environmental impact. This is raising concerns about sustainability and long-term consequences. Suborbital and orbital flights, while offering a unique experience for a handful...
The section brings to the fore key highlights of the space tourism market across prominent countries. Out of all the countries profiled, the market in the United States is expected to witness a CAGR of 17.3%.
The below section shows the 36 to 40 segment dominating the space tourism market. It is expected to thrive at a 23.2% CAGR during the forecast period. Based on tourism type, the suborbital segment is poised to exhibit a CAGR of 25.9%. By booking channel, the online booking segment will likely progress at a CAGR of 21.1%.
The space tourism market is in the early stage of development, with key players employing multiple strategies to capture market share. The technological landscape in the space tourism market is constantly evolving, and new technologies are emerging all the time. As technology continues to advance, companies are focusing on making space tourism more...
By Direct Supplier:
1. Airlines 2. Hotel Companies 3. Train 4. Tour Operators 5. Government Bodies
By Indirect Supplier:
1. OTA (Online Travel Agency) 2. Traditional Travel Agencies 3. TMCs (Travel Management Companies) 4. Corporate Buyers 5. Aggregators By Number of Bookings:
By Age:
1. Under 15 2. 16 to 25 3. 26 to 35 4. 36 to 45 5. 46 to 55 6. Over 55
- 14.8%
- 15.5%
- Growth Rate, 2024 to 2034
- 17.3%
Jul 20, 2021 · Experts believe space tourism could blossom into a multi-billion-dollar market within the next decade. It comes as billionaire trailblazers Sir Richard Branson and Jeff Bezos pioneer...
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20 Jul 2021. Space tourism – an opportunity that continues to evolve and grow…. Space tourism remains a small subsector of the larger space economy opportunity, estimated at cUS$900bn plus by 2030. Indeed, we see it as likely accounting for c5% of this opportunity by 2030E, or worth US$4bn. Nevertheless, the $4bn opportunity is larger than ...
