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Space Tourism Trends and Forecast
The future of the global space tourism market looks promising with opportunities in the civilian and enterprise markets. The global space tourism market is expected to reach an estimated $7.9 billion by 2030 with a CAGR of 41.2% from 2024 to 2030. The major drivers for this market are increasing inclination towards adventure travelers, growing trend of space tourism, and rising focus on research and development activities by private research organizations and Government.
A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below.
Space Tourism by Segment
The study includes a forecast for the global space tourism by destination, service providers, type, end use industry, and region
Space Tourism Market by Destination [Shipment Analysis by Value from 2018 to 2030]:
• Mars
• Other Earth Destinations
• Earth Orbit
• Venus
• The Moon
• Ceres
• Others
Space Tourism Market by Service Providers [Shipment Analysis by Value from 2018 to 2030]:
• Government
• Commercial Institutions
• Others
Space Tourism Market by Type [Shipment Analysis by Value from 2018 to 2030]:
• Suborbital
• Orbital
Space Tourism Market by End Use Industry [Shipment Analysis by Value from 2018 to 2030]:
• Civilians
• Enterprise
• Other
Space Tourism Market by Region [Shipment Analysis by Value from 2018 to 2030]:
• North America
• Europe
• Asia Pacific
• The Rest of the World
List of Space Tourism Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies space tourism companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the space tourism companies profiled in this report include-
• Blue Origin
• Virgin Galactic
• Spacex
• Space Adventures
• EADS Astrium
• Armadillo Aerospace
• Excalibur Almaz
• Space Island Group
• Boeing
• Zero 2 Infinity
Space Tourism Market Insights
Lucintel forecast that moon is expected to witness highest growth over the forecast period.
Within this market, civilians will remain the largest segment.
North America will remain tha largest region over the forecast period.
Features of the Global Space Tourism Market
Market Size Estimates: Space tourism market size estimation in terms of value ($B).
Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
Segmentation Analysis: Space tourism market by various segments, such as by destination, service providers, type, end use industry and region in terms of($B).
Regional Analysis: Space tourism market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
Growth Opportunities: Analysis of growth opportunities in different destinations, service providers, types, end use industries, and regions for the space tourism market.
Strategic Analysis: This includes M&A, new product development, and competitive landscape of the space tourism market.
Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
FAQ
Q.1 What is the space tourism market size?
Answer: The global space tourism market is expected to reach an estimated $7.9 billion by 2030.
Q.2 What is the growth forecast for space tourism market?
Answer: The global space tourism market is expected to grow with a CAGR of 41.2% from 2024 to 2030.
Q.3 What are the major drivers influencing the growth of the space tourism market?
Answer: The major drivers for this market are increasing inclination towards adventure travelers, growing trend of space tourism, and rising focus on research and development activities by private research organizations and Government.
Q4. What are the major segments for space tourism market?
Answer: The future of the space tourism market looks promising with opportunities in the civilian and enterprise markets.
Q5. Who are the key space tourism market companies?
Answer: Some of the key space tourism companies are as follows:
• Blue Origin
• Virgin Galactic
• SpaceX
• Space Adventures
• EADS Astrium
• Armadillo Aerospace
• Excalibur Almaz
• Space Island Group
• Boeing
• Zero 2 Infinity
Q6. Which space tourism market segment will be the largest in future?
Answer: Lucintel forecast that moon is expected to witness highest growth over the forecast period.
Q7. In space tourism market, which region is expected to be the largest in next 5 years?
Answer: North America will remain tha largest region over the forecast period.
Q.8 Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% customization without any additional cost.
This report answers following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the space tourism market by destination (mars, other earth destinations, earth orbit, venus, the moon, ceres, and others), service providers (government, commercial institutions, and others), type (suborbital and orbital), end use industry (civilians, enterprise, and other), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?
For any questions related to Space Tourism Market, Space Tourism Market Size, Space Tourism Market Growth, Space Tourism Market Analysis, Space Tourism Market Report, Space Tourism Market Share, Space Tourism Market Trends, Space Tourism Market Forecast, Space Tourism Companies, write Lucintel analyst at email: helpdesk@lucintel.com. We will be glad to get back to you soon.
Table of Contents
1. Executive Summary
2. Global Space Tourism Market : Market Dynamics
2.1: Introduction, Background, and Classifications
2.2: Supply Chain
2.3: Industry Drivers and Challenges
3. Market Trends and Forecast Analysis from 2018 to 2030
3.1. Macroeconomic Trends (2018-2023) and Forecast (2024-2030)
3.2. Global Space Tourism Market Trends (2018-2023) and Forecast (2024-2030)
3.3: Global Space Tourism Market by Destination
3.3.1: Mars
3.3.2: Other Earth Destinations
3.3.3: Earth Orbit
3.3.4: Venus
3.3.5: The Moon
3.3.6: Ceres
3.3.7: Others
3.4: Global Space Tourism Market by Service Providers
3.4.1: Government
3.4.2: Commercial Institutions
3.4.3: Others
3.5: Global Space Tourism Market by Type
3.5.1: Suborbital
3.5.2: Orbital
3.6: Global Space Tourism Market by End Use Industry
3.6.1: Civilians
3.6.2: Enterprise
3.6.3: Other
4. Market Trends and Forecast Analysis by Region from 2018 to 2030
4.1: Global Space Tourism Market by Region
4.2: North American Space Tourism Market
4.2.2: North American Space Tourism Market by End Use Industry: Civilians, Enterprise, and Others
4.3: European Space Tourism Market
4.3.1: European Space Tourism Market by Destination: Mars, Other Earth Destinations, Earth Orbit, Venus, The Moon, Ceres, and Others
4.3.2: European Space Tourism Market by End Use Industry: Civilians, Enterprise, and Others
4.4: APAC Space Tourism Market
4.4.1: APAC Space Tourism Market by Destination: Mars, Other Earth Destinations, Earth Orbit, Venus, The Moon, Ceres, and Others
4.4.2: APAC Space Tourism Market by End Use Industry: Civilians, Enterprise, and Others
4.5: ROW Space Tourism Market
4.5.1: ROW Space Tourism Market by Destination: Mars, Other Earth Destinations, Earth Orbit, Venus, The Moon, Ceres, and Others
4.5.4: ROW Space Tourism Market by End Use Industry: Civilians, Enterprise, and Others
5. Competitor Analysis
5.1: Product Portfolio Analysis
5.2: Operational Integration
5.3: Porter’s Five Forces Analysis
6. Growth Opportunities and Strategic Analysis
6.1: Growth Opportunity Analysis
6.1.1: Growth Opportunities for the Global Space Tourism Market by Destination
6.1.2: Growth Opportunities for the Global Space Tourism Market by Service Providers
6.1.3: Growth Opportunities for the Global Space Tourism Market by Type
6.1.4: Growth Opportunities for the Global Space Tourism Market by End Use Industry
6.1.5: Growth Opportunities for the Global Space Tourism Market by Region
6.2: Emerging Trends in the Global Space Tourism Market
6.3: Strategic Analysis
6.3.1: New Product Development
6.3.2: Capacity Expansion of the Global Space Tourism Market
6.3.3: Mergers, Acquisitions, and Joint Ventures in the Global Space Tourism Market
6.3.4: Certification and Licensing
7. Company Profiles of Leading Players
7.1: Blue Origin
7.2: Virgin Galactic
7.3: SpaceX
7.4: Space Adventures
7.5: EADS Astrium
7.6: Armadillo Aerospace
7.7: Excalibur Almaz
7.8: Space Island Group
7.9: Boeing
7.10: Zero 2 Infinity
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Lucintel has been in the business of market research and management consulting since 2000 and has published over 1000 market intelligence reports in various markets / applications and served over 1,000 clients worldwide. This study is a culmination of four months of full-time effort performed by Lucintel's analyst team. The analysts used the following sources for the creation and completion of this valuable report:
In-depth interviews of the major players in this market
Detailed secondary research from competitors’ financial statements and published data
Extensive searches of published works, market, and database information pertaining to industry news, company press releases, and customer intentions
A compilation of the experiences, judgments, and insights of Lucintel’s professionals, who have analyzed and tracked this market over the years.
Extensive research and interviews are conducted across the supply chain of this market to estimate market share, market size, trends, drivers, challenges, and forecasts. Below is a brief summary of the primary interviews that were conducted by job function for this report.
Thus, Lucintel compiles vast amounts of data from numerous sources, validates the integrity of that data, and performs a comprehensive analysis. Lucintel then organizes the data, its findings, and insights into a concise report designed to support the strategic decision-making process. The figure below is a graphical representation of Lucintel’s research process.
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