Europe Space Tourism Market Size & Outlook, 2023-2030
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Europe space tourism market highlights
- The Europe space tourism market generated a revenue of USD 172.1 million in 2023.
- The market is expected to grow at a CAGR of 40.2% 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.
- Country-wise, Germany is expected to register the highest CAGR from 2024 to 2030.
Europe data book summary
| Market revenue in 2023 | USD 172.1 million |
| Market revenue in 2030 | USD 1,834.9 million |
| Growth rate | 40.2% (CAGR from 2023 to 2030) |
| Largest segment | Sub-orbital |
| Fastest growing segment | Orbital |
| Historical data covered | 2017 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 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, Europe region accounted for 19.4% of the global space tourism market in 2023.
- Globally, North America is projected to lead the regional market in terms of revenue in 2030.
- North America is the fastest growing regional market and is projected to reach USD 4,146.3 million by 2030.
Several factors drive the growth of the space tourism market in Europe. Europe has a strong presence in the space industry due to established entities such as the European Space Agency (ESA) and various national space agencies. The region has significantly advanced satellite technology, launch capabilities, and scientific research.
These advancements not only position Europe in a good position in space exploration but also create a solid foundation for developing space tourism infrastructure and services. The expertise and continuous advances in technology within the European space industry contribute to the growth potential of the space tourism market in Europe.
Collaborations and partnerships play a crucial role in the growth of the space tourism market in Europe. European space agencies and companies actively collaborate with international partners, fostering innovation and knowledge exchange. For instance, the ESA collaborates with NASA and other space agencies on various missions, including crewed space exploration.
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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 |
Europe 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 46.08% in 2023.
Horizon Databook has segmented the Europe space tourism market based on orbital, sub-orbital covering the revenue growth of each sub-segment from 2017 to 2030.
Several factors drive the growth of the space tourism market in Europe. Europe has a strong presence in the space industry due to established entities such as the European Space Agency (ESA) and various national space agencies. The region has significantly advanced satellite technology, launch capabilities, and scientific research.
These advancements not only position Europe in a good position in space exploration but also create a solid foundation for developing space tourism infrastructure and services. The expertise and continuous advances in technology within the European space industry contribute to the growth potential of the space tourism market in Europe.
Collaborations and partnerships play a crucial role in the growth of the space tourism market in Europe. European space agencies and companies actively collaborate with international partners, fostering innovation and knowledge exchange. For instance, the ESA collaborates with NASA and other space agencies on various missions, including crewed space exploration.
- Europe Space Tourism Market Type Outlook (Revenue, USD Million , 2017-2030)
- Orbital
- Sub-orbital
- Others
- Europe 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 continent-level data and insights on the Europe Space Tourism Market Outlook, including forecasts for subscribers. This continent databook contains high-level insights into Europe Space Tourism Market Outlook from 2017 to 2030, including revenue numbers, major trends, and company profiles.
Europe Space Tourism Market, 2017-2030 (US$M)
Europe space tourism market statistics, by type, 2017-2030 (US$M)
