Global Space Tourism Market Overview
According to SPER Market Research, the Global Space Tourism Market is estimated to reach USD 20.7 billion by 2032 with a CAGR of 40.45%.
Space tourism is the act of travelling into space for recreational or leisure purposes rather than scientific research or other professional reasons. It entails paying a fee to travel to space, either by orbiting the Earth, visiting the International Space Station (ISS), or travelling to the Moon or beyond. Space tourism is an emerging industry that several private companies are pursuing with the goal of eventually making it accessible to a wider range of people.
The space tourism industry is expected to grow as a result of the proliferation of technological developments; on-going changes in technology are increasing demand for the space tourism market on a worldwide scale. Also, the construction of better rockets and spacecraft is advancing at a rapid rate thanks to technological developments in the field of space travel. This allows space visitors to visit space and have the experience they expect. The development of the space tourism business is projected to be fuelled by the fact that major growing economies throughout the world are investigating space projects.
In addition, the growing popularity of space travel is a key factor in the market's growth. As the practise gains more acceptances in worldwide markets, the market for space tourism is anticipated to expand more quickly than anticipated during the course of the projected decade. Also, it is predicted that rising competition in the space tourism industry would result in lower costs. Also, it is projected that the cost of accessing space will drop significantly once the orbit is achieved by the next-generation space planes. The cost of launching satellites is therefore likely to decrease dramatically, which will reduce the entire cost of space exploration operations. Those elements are fuelling the expansion of the space tourism industry.
Impact of COVID-19 on the Global Space Tourism Market
The COVID-19 outbreak has resulted in regional lockdowns, border restrictions, and the breakdown of transportation networks. The economic uncertainty caused by the COVID-19 outbreak is much greater than that caused by previous outbreaks such as SARS, avian flu, swine flu, bird flu, and Ebola, owing to the increasing number of infected people and uncertainty about when the crisis will end.
The space tourism market had a difficult time expanding as a result of setbacks in the travel and tourism sector. As a result of this effect, long-haul flights may momentarily cease while space missions may lengthen. There are now more options for supersonic and hypersonic flights because to the rise of business jet travel and in-flight networking. Comparing long-haul flights to other media, the firms were able to see the potential for time savings.
Scope of the Report:
| Report Metric | Details |
| Market size available for years | 2019-2032 |
| Base year considered | 2021 |
| Forecast period | 2022-2032 |
| Segments covered | By Tourism Type, By Tour Type, By End User, By Suppliers
|
| Regions covered | Asia-Pacific, Europe, Middle East and Africa, North America, Latin America
|
| Companies Covered | Airbus Group SE, Axiom Space, Blue Origin, Bigelow Aerospace, Excalibur Almaz, Limited, Orion Span, Space Adventures, SpaceX, The Boeing Company, Virgin Galactic, World View Enterprise, Zero2Infinity, ZERO-G
|
Target Audience:
- Space Centres
- Space Tools Manufactures
- Space Tourism Firms
- Technology Consultants
- Other
Global Sports Tourism Market Segmentation:
1. By Tourism Type:
- Orbital
- Suborbital
- Stratospheric
- Other
2. By Tour Type:
- Individual
- Professional
- Group
- Other
3. By End User:
- Government
- Commercial
- Other
4. By Suppliers:
- Direct Suppliers
- Indirect Suppliers
5. By Region:
- Asia-Pacific
- Europe
- Middle East & Africa
- North America
- Latin America
Key Topics Covered in the Report
- Size of Global Space Tourism Market (FY’2019-FY’2032)
- Overview of Global Space Tourism Market
- Segmentation of Global Space Tourism Market By Tourism Type (Orbital, Suborbital, Stratospheric, Other)
- Segmentation of Global Space Tourism Market By Tour Type (Individual, Professional, Group, Other)
- Segmentation of Global Space Tourism Market By End User (Government, Commercial, Other)
- Segmentation of Global Space Tourism Market By Suppliers Direct Suppliers (Airlines, Government Bodies) Indirect Suppliers (Aggregators, Corporate Buyers, Online Travel Agency, Travel Management Companies)
- Statistical Snap of Global Plastic Processing Machinery Market
- Growth Analysis of Global Space Tourism Market
- Problems and Challenges in Global Space Tourism Market
- Competitive Landscape in the Global Space Tourism Market
- Impact of COVID-19 and Demonetization on Global Space Tourism Market
- Details on Recent Investment in Global Space Tourism Market
- Competitive Analysis of Global Space Tourism Market
- Major Players in the Global Space Tourism Market
- SWOT Analysis of Global Space Tourism Market
- Global Space Tourism Market Future Outlook and Projections (FY’2019-FY’2032)
- Recommendations from Analyst
1. Introduction
1.1. Scope of the report
1.2. Market segment analysis
2. Research Methodology
2.1 Research data source
2.1.1 Secondary data
2.1.2 Primary data
2.1.3 SPER’s internal database
2.1.4 Premium insight from KOL’s
2.2 Market size estimation
2.2.1 Top-down and Bottom-up approach
2.3 Data triangulation
3. Executive Summary
4. Market Dynamics
4.1. Driver, Restraint, Opportunity and Challenges analysis
4.1.1 Drivers
4.1.2 Restraints
4.1.3 Opportunities
4.1.4 Challenges
4.2. COVID-19 Impacts of the Global Space Tourism Market
5. Market variables and outlook
5.1. SWOT analysis
5.1.1 Strengths
5.1.2 Weaknesses
5.1.3 Opportunities
5.1.4 Threats
5.2. PESTEL analysis
5.2.1 Political landscape
5.2.2 Economic landscape
5.2.3 Social landscape
5.2.4 Technological landscape
5.2.5 Environmental landscape
5.2.6 Legal landscape
5.3. PORTER’S five forces analysis
5.3.1 Bargaining power of suppliers
5.3.2 Bargaining power of Buyers
5.3.3 Threat of Substitute
5.3.4 Threat of new entrant
5.3.5 Competitive rivalry
5.4. Heat map analysis
6. Competitive Landscape
6.1 Global Space Tourism Market Manufacturing Base Distribution, Sales Area, Product Type
6.2 Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in Global Space Tourism Market
7. Global Space Tourism Market, By Tourism Type, 2019-2032 (USD Million)
7.1 Orbital
7.2 Suborbital
7.3 Stratospheric
7.4 Other
8. Global Space Tourism Market, By Tour Type, 2019-2032 (USD Million)
8.1 Individual
8.2 Professional
8.3 Group
8.4 Other
9. Global Space Tourism Market, By End User, 2019-2032 (USD Million)
9.1 Government
9.2 Commercial
9.3 Other
10. Global Space Tourism Market, By Suppliers, 2019-2032 (USD Million)
10.1 Direct Suppliers
10.1.1 Airlines
10.1.2 Government Bodies
10.2 Indirect Suppliers
10.2.1 Aggregators
10.2.2 Corporate Buyers
10.2.3 Online Travel Agency
10.2.4 Travel Management Companies
11. Global Space Tourism Market, By Region, 2019-2032 (USD Million)
11.1 Global Space Tourism Market Size and Market Share by Region (2019-2025)
11.2 Global Space Tourism Market Size and Market Share by Region (2026-2032)
11.3 Asia-Pacific
11.3.1 Australia
11.3.2 China
11.3.3 India
11.3.4 Japan
11.3.5 South Korea
11.3.6 Rest of Asia-Pacific
11.4 Europe
11.4.1 France
11.4.2 Germany
11.4.3 Italy
11.4.4 Spain
11.4.5 United Kingdom
11.4.6 Rest of Europe
11.5 Middle East and Africa
11.5.1 Kingdom of Saudi Arabia
11.5.2 United Arab Emirates
11.5.3 Rest of Middle East & Africa
11.6 North America
11.6.1 Canada
11.6.2 Mexico
11.6.3 United States
11.7 Latin America
11.7.1 Argentina
11.7.2 Brazil
11.7.3 Rest of Latin America
12.Company Profiles
12.1 Airbus Group SE
12.1.1 Company details
12.1.2 Financial outlook
12.1.3 Product summary
12.1.4 Recent developments
12.2 Axiom Space
12.2.1 Company details
12.2.2 Financial outlook
12.2.3 Product summary
12.2.4 Recent developments
12.3 Blue Origin
12.3.1 Company details
12.3.2 Financial outlook
12.3.3 Product summary
12.3.4 Recent developments
12.4 Bigelow Aerospace
12.4.1 Company details
12.4.2 Financial outlook
12.4.3 Product summary
12.4.4 Recent developments
12.5 Excalibur Almaz, Limited
12.5.1 Company details
12.5.2 Financial outlook
12.5.3 Product summary
12.5.4 Recent developments
12.6 Orion Span
12.6.1 Company details
12.6.2 Financial outlook
12.6.3 Product summary
12.6.4 Recent developments
12.7 Space Adventures
12.7.1 Company details
12.7.2 Financial outlook
12.7.3 Product summary
12.7.4 Recent developments
12.8 Space X
12.8.1 Company details
12.8.2 Financial outlook
12.8.3 Product summary
12.8.4 Recent developments
12.9 The Boeing Company
12.9.1 Company details
12.9.2 Financial outlook
12.9.3 Product summary
12.9.4 Recent developments
12.10 World View Enterprise
12.10.1 Company details
12.10.2 Financial outlook
12.10.3 Product summary
12.10.4 Recent developments
12.11 Zero2Infinity
12.11.1 Company details
12.11.2 Financial outlook
12.11.3 Product summary
12.11.4 Recent developments
12.12 ZERO-G
12.12.1 Company details
12.12.2 Financial outlook
12.12.3 Product summary
12.12.4 Recent developments
13. List of Abbreviations
14.Reference Links
15.Conclusion
16.Research Scope
SPER Market Research’s methodology uses great emphasis on primary research to ensure that the market intelligence insights are up to date, reliable and accurate. Primary interviews are done with players involved in each phase of a supply chain to analyze the market forecasting. The secondary research method is used to help you fully understand how the future markets and the spending patterns look likes.
The report is based on in-depth qualitative and quantitative analysis of the Product Market. The quantitative analysis involves the application of various projection and sampling techniques. The qualitative analysis involves primary interviews, surveys, and vendor briefings. The data gathered as a result of these processes are validated through experts opinion. Our research methodology entails an ideal mixture of primary and secondary initiatives.
