Space tourism is space travel for recreational, leisure or business purposes. To date only orbital space tourism has taken place provided by the Russian Space Agency, although work continues developing sub-orbital space tourism vehicles by Blue Origin and Virgin Galactic. In addition, SpaceX announced in 2017 that they are planning on sending two space tourists on a lunar free return trajectory in 2018 aboard their Dragon V2 spacecraft launched by the Falcon Heavy rocket.

Market Analysis and Insights: Global Space Tourism Market

Due to the COVID-19 pandemic, the global Space Tourism market size is estimated to be worth US$ 1029.7 million in 2022 and is forecast to a readjusted size of US$ 2998.6 million by 2029 with a CAGR of 16.3% during the forecast period 2023-2029. Fully considering the economic change by this health crisis, Below $1 m per Seat accounting for % of the Space Tourism global market in 2022, is projected to value US$ million by 2029, growing at a revised % CAGR from 2023 to 2029. While Stratospheric segment is altered to an % CAGR throughout this forecast period.

Major Space tourism companies include Space Adventures, Boeing, Blue Origin, Virgin Galactic and SpaceX, with the top three accounting for about 50% of the total market.

North America is the leading market with a market share of more than 40%, followed by Asia Pacific with about 30%.

Global Space Tourism Scope and Market Size

The global Space Tourism market is segmented by company, region (country), by Price and by Application. Players, stakeholders, and other participants in the global Space Tourism market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on sales, revenue and forecast by region (country), by Price and by Application for the period 2018-2029.

Segment by Price

Below $1 m per Seat

Above $1 m per Seat


Segment by Application


Stratospheric

Suborbital

Orbital

Others

By Region

United States

Europe

China

Japan

Southeast Asia

India

Other Regions


By Company


Blue Origin

SpaceX

Virgin Galactic

Boeing

Space Adventures

Axiom Space, Inc.

Space Perspective

Bigelow Aerospace

World View