Japan Space Tourism Market Size & Outlook, 2023-2030
The space tourism market in Japan is expected to reach a projected revenue of US$ 826.5 million by 2030. A compound annual growth rate of 44% is expected of Japan space tourism market from 2024 to 2030.
The Japan space tourism market generated a revenue of USD 64.2 million in 2023 and is expected to reach USD 826.5 million by 2030.
The Japan market is expected to grow at a CAGR of 44% 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 64.2 million
Market revenue in 2030
USD 826.5 million
Growth rate
44% (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, Japan accounted for 7.2% 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 Japan is influenced by various factors. JAXA plays a crucial role in driving the growth of the space tourism market. JAXA has been actively engaged in space research, satellite launches, and international collaborations.
The agency's achievements and capabilities in space exploration have garnered global recognition, creating a solid foundation for the development of space tourism in Japan. Private companies in Japan have also emerged as key players in the space tourism market.
One notable example is the partnership between SpaceX and Japanese billionaire Yusaku Maezawa for a lunar tourism mission. This collaboration has brought significant attention to space tourism in Japan and has sparked interest among potential tourists.
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 45.95% in 2023.
Horizon Databook has segmented the Japan 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 Japan is influenced by various factors. JAXA plays a crucial role in driving the growth of the space tourism market. JAXA has been actively engaged in space research, satellite launches, and international collaborations.
The agency's achievements and capabilities in space exploration have garnered global recognition, creating a solid foundation for the development of space tourism in Japan. Private companies in Japan have also emerged as key players in the space tourism market.
One notable example is the partnership between SpaceX and Japanese billionaire Yusaku Maezawa for a lunar tourism mission. This collaboration has brought significant attention to space tourism in Japan and has sparked interest among potential tourists.
Japan Space Tourism Market Type Outlook (Revenue, USD Million , 2017-2030)
Orbital
Sub-orbital
Others
Japan 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 Japan Space Tourism Market Outlook, including forecasts for subscribers. This country databook contains high-level insights into Japan Space Tourism Market Outlook from 2017 to 2030, including revenue numbers, major trends, and company profiles.