Space Tourism Market Size - By Tourism Type, By Tour Type, By End User, By Suppliers - Regional Outlook, Competitive Strategies and Segment Forecast to 2032
Global Space Tourism Market Overview
According to SPER Market Research, the Global Space Tourism Market is estimated to reach USD 20.7 billion by 2032 with a CAGR of 40.45%. Space tourism is the act of travelling into space for recreational or leisure purposes rather than scientific research or other professional reasons. It entails paying a fee to travel to space, either by orbiting the Earth, visiting the International Space Station (ISS), or travelling to the Moon or beyond. Space tourism is an emerging industry that several private companies are pursuing with the goal of eventually making it accessible to a wider range of people. Also, the construction of better rockets and spacecraft is advancing at a rapid rate thanks to technological developments in the field of space travel.
Impact of COVID-19 on the Global Space Tourism MarketThe COVID-19 outbreak has resulted in regional lockdowns, border restrictions, and the breakdown of transportation networks. The economic uncertainty caused by the COVID-19 outbreak is much greater than that caused by previous outbreaks such as SARS, avian flu, swine flu, bird flu, and Ebola, owing to the increasing number of infected people and uncertainty about when the crisis will end. The space tourism market had a difficult time expanding as a result of setbacks in the travel and tourism sector.
Scope of the Report:Report Metric Details
Market size available for years 2019-2032
Base year considered 2021
Forecast period 2022-2032
Segments covered
By Tourism Type, By Tour Type, By End User, By Suppliers
Regions covered Asia-Pacific, Europe, Middle East and Africa, North America, Latin America
Companies Covered Airbus Group SE, Axiom Space, Blue Origin, Bigelow Aerospace, Excalibur Almaz, Limited, Orion Span, Space Adventures, SpaceX, The Boeing Company, Virgin Galactic, World View Enterprise, Zero2Infinity, ZERO-G
Global Space Tourism Market Segmentation:
By Tour Type: Based on the Tour Type, Global Space Tourism Market is segmented as; Individual, Professional, Group, Other.
By End User: Based on the End User, Global Space Tourism Market is segmented as; Government, Commercial, Other.
By Region: The regions covered in the space tourism market report include the North America, Europe, Middle East and Africa (MEA), Asia-Pacific and Latin America.