U.K. Space Tourism Market Size & Outlook, 2023-2030
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UK space tourism market highlights
- The UK space tourism market generated a revenue of USD 12.1 million in 2023 and is expected to reach USD 131.0 million by 2030.
- The UK market is expected to grow at a CAGR of 40.6% 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 12.1 million |
| Market revenue in 2030 | USD 131.0 million |
| Growth rate | 40.6% (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, UK accounted for 1.4% 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 Europe, Russia space tourism market is projected to lead the regional market in terms of revenue in 2030.
- Germany is the fastest growing regional market in Europe and is projected to reach USD 379.2 million by 2030.
The growth of the space tourism market in the U.K. is driven by several factors specific to the region. One significant factor is the emergence of spaceport infrastructure. The U.K. government has recognized the importance of spaceports in its space strategy and is actively developing multiple spaceports across the country.
These spaceports, such as the Spaceport Cornwall and the Sutherland Spaceport in Scotland, would provide the necessary launch infrastructure for space tourism activities. The U.K. can attract space tourism companies and position itself as a leading destination for commercial space travel experiences as it has dedicated facilities for 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 |
U.K. 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 51.24% in 2023.
Horizon Databook has segmented the U.K. 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 the U.K. is driven by several factors specific to the region. One significant factor is the emergence of spaceport infrastructure. The U.K. government has recognized the importance of spaceports in its space strategy and is actively developing multiple spaceports across the country.
These spaceports, such as the Spaceport Cornwall and the Sutherland Spaceport in Scotland, would provide the necessary launch infrastructure for space tourism activities. The U.K. can attract space tourism companies and position itself as a leading destination for commercial space travel experiences as it has dedicated facilities for space tourism.
- U.K. Space Tourism Market Type Outlook (Revenue, USD Million , 2017-2030)
- Orbital
- Sub-orbital
- Others
- U.K. 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 U.K. Space Tourism Market Outlook, including forecasts for subscribers. This country databook contains high-level insights into U.K. Space Tourism Market Outlook from 2017 to 2030, including revenue numbers, major trends, and company profiles.
U.K. Space Tourism Market, 2017-2030 (US$M)
UK space tourism market statistics, by type, 2017-2030 (US$M)
