Canada Space Tourism Market Size & Outlook, 2023-2030
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Canada space tourism market highlights
- The Canada space tourism market generated a revenue of USD 58.4 million in 2023 and is expected to reach USD 744.0 million by 2030.
- The Canada market is expected to grow at a CAGR of 43.9% from 2024 to 2030.
- In terms of segment, sub-orbital was the largest revenue generating type in 2023.
- Orbital is the most lucrative type segment registering the fastest growth during the forecast period.
Space tourism market data book summary
| Market revenue in 2023 | USD 58.4 million |
| Market revenue in 2030 | USD 744.0 million |
| Growth rate | 43.9% (CAGR from 2023 to 2030) |
| Largest segment | Sub-orbital |
| Fastest growing segment | Orbital |
| Historical data | 2017 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Orbital, Sub-orbital |
| Key market players worldwide | Virgin Galactic Holdings Inc Shs A, Airbus SE, Boeing Co, Rocket Lab USA Inc, Blue Origin, SpaceX, Zero Gravity Solutions Inc, Axiom Space, Space Adventures, Zero 2 Infinity |
Other key industry trends
- In terms of revenue, Canada accounted for 6.6% of the global space tourism market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In North America, U.S. space tourism market is projected to lead the regional market in terms of revenue in 2030.
- Canada is the fastest growing regional market in North America and is projected to reach USD 744.0 million by 2030.
Several factors are contributing to the growth of the space tourism market In Canada. Firstly, the country's emerging space industry is gaining momentum. Through the Canadian Space Agency (CSA), the Canadian government has been actively supporting space-related research and development projects.
This commitment fosters collaboration with international partners and drives investments in space exploration and technology within Canada. As the space industry expands, it sets the stage for potential growth in space tourism.
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Publish Date: Jul 05, 2024
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Space Tourism Market Scope
Space Tourism Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Airbus SE | View profile | 150,093 | P.O. Box 32008, Leiden, ZH, Netherlands, 2303 DA | www.airbus.com |
| Virgin Galactic Holdings Inc Shs A | View profile | 805 | 1700 Flight Way, Tustin, CA, United States, 92782 | www.virgingalactic.com |
| Rocket Lab USA Inc | View profile | 1,650 | 3881 McGowen Street, Long Beach, CA, United States, 90808 | www.rocketlabusa.com |
| Boeing Co | View profile | 171,000 | 929 Long Bridge Drive, Arlington, VA, United States, 22202 | www.boeing.com |
| SpaceX | View profile | 1001-5000 | Hawthorne, California, United States, North America | www.spacex.com |
| Blue Origin | View profile | 10001+ | Kent, Washington, United States, North America | www.blueorigin.com |
| Zero Gravity Solutions Inc | View profile | 17 | 190 North West Spanish River Boulevard, Boca Raton, FL, United States, 33431 | www.zerogsi.com |
| Axiom Space | View profile | 501-1000 | Houston, Texas, United States, North America | www.axiomspace.com |
| Space Adventures | View profile | 11-50 | Vienna, Virginia, United States, North America | spaceadventures.com/ |
| Zero 2 Infinity | View profile | 11-50 | Barbará, Catalonia, Spain, Europe | www.zero2infinity.space |
Canada Space Tourism Market Outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to Space Tourism Market Outlook will help companies and investors design strategic landscapes.
Sub-Orbital was the largest segment with a revenue share of 46.75% in 2023.
Horizon Databook has segmented the Canada space tourism market based on orbital, sub-orbital covering the revenue growth of each sub-segment from 2017 to 2030.
Several factors are contributing to the growth of the space tourism market In Canada. Firstly, the country's emerging space industry is gaining momentum. Through the Canadian Space Agency (CSA), the Canadian government has been actively supporting space-related research and development projects.
This commitment fosters collaboration with international partners and drives investments in space exploration and technology within Canada. As the space industry expands, it sets the stage for potential growth in space tourism.
- Canada Space Tourism Market Type Outlook (Revenue, USD Million , 2017-2030)
- Orbital
- Sub-orbital
- Others
- Canada Space Tourism Market End Use Outlook (Revenue, USD Million , 2017-2030)
- Government
- Commercial
- Others
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Horizon Databook provides a detailed overview of country-level data and insights on the Canada Space Tourism Market Outlook, including forecasts for subscribers. This country databook contains high-level insights into Canada Space Tourism Market Outlook from 2017 to 2030, including revenue numbers, major trends, and company profiles.
Canada Space Tourism Market, 2017-2030 (US$M)
Canada space tourism market statistics, by type, 2017-2030 (US$M)
