U.S. Space Tourism Market Size & Outlook, 2023-2030
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U.S. space tourism market highlights
- The U.S. space tourism market generated a revenue of USD 286.9 million in 2023 and is expected to reach USD 3,402.2 million by 2030.
- The U.S. market is expected to grow at a CAGR of 42.4% 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 286.9 million |
| Market revenue in 2030 | USD 3,402.2 million |
| Growth rate | 42.4% (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, U.S. accounted for 32.3% 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 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.
Continuous advances in technology are playing a significant role in driving the growth of space tourism. Private companies such as SpaceX, Blue Origin, and Virgin Galactic have made remarkable strides in developing reusable rockets and spacecraft. T
hese advancements have lowered the cost of space travel and improved the safety and reliability of space vehicles. The ability to reuse rockets and spacecraft reduces the overall expenses involved in launching missions, making it more economically viable for private companies to enter the space tourism market.
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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.S. 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 50.78% in 2023.
Horizon Databook has segmented the U.S. space tourism market based on orbital, sub-orbital covering the revenue growth of each sub-segment from 2017 to 2030.
Continuous advances in technology are playing a significant role in driving the growth of space tourism. Private companies such as SpaceX, Blue Origin, and Virgin Galactic have made remarkable strides in developing reusable rockets and spacecraft. T
hese advancements have lowered the cost of space travel and improved the safety and reliability of space vehicles. The ability to reuse rockets and spacecraft reduces the overall expenses involved in launching missions, making it more economically viable for private companies to enter the space tourism market.
- U.S. Space Tourism Market Type Outlook (Revenue, USD Million , 2017-2030)
- Orbital
- Sub-orbital
- Others
- U.S. 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.S. Space Tourism Market Outlook, including forecasts for subscribers. This country databook contains high-level insights into U.S. Space Tourism Market Outlook from 2017 to 2030, including revenue numbers, major trends, and company profiles.
U.S. Space Tourism Market, 2017-2030 (US$M)
U.S. space tourism market statistics, by type, 2017-2030 (US$M)
