Space Tourism Market Update Report 2024 | Industry Trends, Demand, Leading Companies and Segmentation till 2032

Space tourism market is anticipated to grow at an exponential CAGR of 41.6% during the forecast period (2024-2031). Significant factors contributing to the space tourism market include rising advancements in space technology, coupled with users’ inclination toward space adventures. The progress in the space tourism sector is creating numerous opportunities for companies to contribute to the development of spacecraft, infrastructure, and support services tailored to the needs of this growing industry. In September 2023, Virgin Galactic Holdings Inc. launched its third commercial flight sending another crew of paying tourists to the edge of space and back. The flight, named Galactic 03, marks the latest milestone for the venture, founded by billionaire Richard Branson, as it strives to reach a monthly cadence of launches for its commercial business.

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The global space tourism market is segmented on the type, and end-user. Based on the type, the market is sub-segmented into orbital, and sub-orbital. Further, based on the end-user, the market is sub-segmented into government, and commercial. Among the end-users, the government sub-segment is projected to hold a significant market share, owing to the increasing use of space tourism by government agencies for scientific research, experiments, and observations in microgravity or space environments.

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  • Market Coverage
  • Market number available for – 2024-2030
  • Base year- 2023
  • Forecast period- 2024-2030
  • Segment Covered- By Source, By Product Type, By Applications
  • Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill
  • , and others

Global Space Tourism Market Report Segment

By Type

  • Orbital
  • Sub-orbital

By End-User 

  • Government
  • Commercial

Global Space Tourism Market Report Segment by Region

North America

  • United States
  • Canada

Europe

  • UK
  • Germany
  • Italy
  • Spain
  • France
  • Rest of Europe

Asia-Pacific

  • China
  • India
  • Japan
  • South Korea
  • Rest of Asia-Pacific

Rest of the World

  • Latin America
  • Middle East & Africa

The Report Covers

  • Market value data analysis of 2023 and forecast to 2031.
  • Annualized market revenues ($ million) for each market segment.
  • Country-wise analysis of major geographical regions.
  • Key companies operating in the global space tourism market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
  • Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
  • Analysis of market-entry and market expansion strategies.
  • Competitive strategies by identifying ‘who-stands-where’ in the market.

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