India Space Tourism Market Size & Outlook, 2023-2030
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India space tourism market highlights
- The India space tourism market generated a revenue of USD 11.2 million in 2023 and is expected to reach USD 137.3 million by 2030.
- The India market is expected to grow at a CAGR of 43.1% from 2024 to 2030.
- In terms of segment, orbital was the largest revenue generating type in 2023.
- Sub-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 11.2 million |
| Market revenue in 2030 | USD 137.3 million |
| Growth rate | 43.1% (CAGR from 2023 to 2030) |
| Largest segment | Orbital |
| Fastest growing segment | Sub-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, India accounted for 1.3% 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 Asia Pacific, China space tourism market is projected to lead the regional market in terms of revenue in 2030.
- Japan is the fastest growing regional market in Asia Pacific and is projected to reach USD 826.5 million by 2030.
The growth of the space tourism market in India is influenced by several factors specific to the country. Firstly, the Indian Space Research Organisation (ISRO) plays a significant role in driving the space industry and has actively developed space technologies and capabilities.
ISRO's successful missions, such as the Chandrayaan and Mangalyaan missions to the Moon and Mars, respectively, have garnered global recognition and demonstrated India's capabilities in space exploration.
The Indian government has recognized the potential of the space tourism sector and has taken steps to support its growth. Policies and regulations have been implemented to encourage private sector participation and investments in space tourism ventures.
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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 |
India 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.
Orbital was the largest segment with a revenue share of 51.79% in 2023.
Horizon Databook has segmented the India space tourism market based on orbital, sub-orbital covering the revenue growth of each sub-segment from 2017 to 2030.
The growth of the space tourism market in India is influenced by several factors specific to the country. Firstly, the Indian Space Research Organisation (ISRO) plays a significant role in driving the space industry and has actively developed space technologies and capabilities.
ISRO's successful missions, such as the Chandrayaan and Mangalyaan missions to the Moon and Mars, respectively, have garnered global recognition and demonstrated India's capabilities in space exploration.
The Indian government has recognized the potential of the space tourism sector and has taken steps to support its growth. Policies and regulations have been implemented to encourage private sector participation and investments in space tourism ventures.
- India Space Tourism Market Type Outlook (Revenue, USD Million , 2017-2030)
- Orbital
- Sub-orbital
- Others
- India 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 India Space Tourism Market Outlook, including forecasts for subscribers. This country databook contains high-level insights into India Space Tourism Market Outlook from 2017 to 2030, including revenue numbers, major trends, and company profiles.
India Space Tourism Market, 2017-2030 (US$M)
India space tourism market statistics, by type, 2017-2030 (US$M)
