Global Space Travel/Tourism is predicted to reach USD 15.5 Billion by 2032 at a CAGR of 40.80% during the forecast period

Market Research Future (MRFR) has published a cooked research report on the “Global Space Travel/Tourism Market” that contains information from 2018 to 2032. The Space Travel/Tourism market is estimated to register a CAGR of 40.8% during the forecast period of 2023 to 2032.

MRFR recognizes the following companies as the key players in the global space travel/tourism market— Blue Origin, Virgin Galactic, Space X, Airbus Group SE, Boeing, ZERO-G, Airbus Group SE, Axiom Space, Bigelow Aerospace, Orion Span, Space Adventures, Space Perspective, World View Enterprises, Zero2Infinity

Market Highlights

The global space travel/tourism market is accounted to register a CAGR of 40.8% during the forecast period and is estimated to reach USD 2421.54 billion by 2032.

The worldwide area journey and tourism marketplace is experiencing dynamic shifts driven by using a confluence of technological improvements, extended non-public sector participation, and growing public hobby. With organizations like SpaceX, Blue Origin, and Virgin Galactic making great strides in commercial spaceflight, the market has witnessed a surge in accessibility, supplying suborbital and orbital experiences to private individuals. Technological innovations, particularly in reusable rocket generation, have diminished launch costs, fostering a competitive landscape. The growing hobby in area tourism is fueled by means of substantial media insurance of excessive-profile missions and the involvement of distinguished entrepreneurs, adding a detail of movie star attraction.

Segment Analysis

The global space travel/tourism market has been segmented based on direct supplier, indirect supplier, age, tourism type, demographics, nationality, booking channel, and tour type

On the basis of direct supplier, the market is segmented into airlines, hotel companies, train, tour operators, and government bodies. The tour operators segment dominated the market, accounting for double growth of market. Tour operators excel in curating and offering comprehensive space travel packages that encompass various elements of the journey, from pre-flight training to the actual spaceflight experience and post-flight activities.

Based on Indirect Supplier, the global space travel/tourism market has been segmented into OTA (Online Travel Agency), Traditional Travel Agencies, TMCs (Travel Management Companies), Corporate Buyers, and Aggregators. The traditional travel agencies category generated the most income. The demand for space tourism necessitates the construction of spaceports, launch facilities, and related infrastructure. This leads to significant investments and economic activity in the regions where these facilities are located.

Based on age, the global space travel/tourism market has been segmented into Under 15, 16 to 25, 26 to 35, 36 to 45, 46 to 55, Over 55. The 36 to 45 are dominating segment the revenue generated from the sale of tickets and registration fees through online platforms. Space tourism hubs become new economic centers, attracting tourism-related businesses, hotels, restaurants, and other services.

Based on tourism type, the global space travel/tourism market has been segmented into Stratospheric, Suborbital, Orbital, and Others. The segment of Suborbital are the dominated segment and the growing popularity of social media, People in the 18-50 Tourism Type tend to have higher disposable incomes than people in other Tourism Types.

Based on demographics, the global space travel/tourism market has been segmented into male, female, and kids. The male segment dominated the market, accounting for double growth of market. Increased investment in space tourism stimulates research and development, leading to breakthroughs in various scientific and engineering fields.

Based on nationality, the global space travel/tourism market has been segmented into Domestic, and International. The international segment dominated the market, accounting for double growth of market. The growth of the space industry encourages interest in science, technology, engineering, and mathematics (STEM) fields. Educational programs and initiatives related to space travel can help cultivate a skilled workforce for the future, driving innovation in multiple sectors.

Based on booking channel, the global space travel/tourism market has been segmented into Offline Booking, and Online Booking. The online booking segment dominated the market, accounting for double growth of market. The increased accessibility to space opens up opportunities for satellite deployment, leading to advancements in telecommunications, Earth observation, and navigation services.

Based on tour type, the global space travel/tourism market has been segmented into Individual Travel, Professional Groups, and Group Travels. The professional groups segment dominated the market, accounting for largest growth of market. Professional groups typically include organizations, research institutions, or companies that arrange space travel experiences for their employees, researchers, or stakeholders.

Browse In-depth Details [Table of Content, List of Figures, List of Tables] of Space Travel/Tourism Market

Regional Analysis

The global space travel/tourism market, based on region, has been divided into the North America, Europe, Asia-Pacific, and Rest of the World. North America consists of US and Canada. The Europe space travel/tourism market comprises of Germany, France, the UK, Italy, Spain, and the rest of Europe. The space travel/tourism market in Asia-Pacific has been segmented into China, India, Japan, Australia, South Korea, and the rest of Asia-Pacific. The Rest of the World space travel/tourism market comprises of Middle East, Africa, and Latin America.

The largest market share for space travel/tourism was maintained by the North American regional sector. North America stands as a stronghold in the international space tour and tourism marketplace, led with the aid of key players like SpaceX, Blue Origin, and Virgin Galactic. The area has witnessed a surge in non-public investments and government support for space exploration, contributing to the improvement of cutting-edge technologies and infrastructure. With the US at the forefront, North America has grow to be a hub for space tourism activities, presenting suborbital and orbital reports. Regulatory frameworks have evolved to deal with the growing enterprise, fostering a competitive landscape.

Moreover, the Europe market has been persistently growing over the forecast period. Europe has emerged as a sizeable participant inside the international area journey and tourism market, leveraging the information of agencies inclusive of the European Space Agency (ESA) and private corporations. The place has seen the upward push of space tourism initiatives, with nations like the United Kingdom and Germany actively participating in the development of business spaceflight. European agencies are exploring possibilities in each suborbital and orbital area tourism, contributing to the diversification of the market.

Additionally, the Asia Pacific region is experiencing a developing interest in space journey and tourism, driven by using improvements in area technology and increasing investment inside the zone. Countries like China and India have made big strides in space exploration, with plans for industrial spaceflight initiatives at the horizon. The presence of rising space players, combined with a large and tech-savvy population, presents opportunities for the expansion of the space tourism marketplace inside the vicinity. Government initiatives, which include China's bold area packages and India's developing space industry, contribute to the general improvement of area tourism.

Furthermore, countries in the Middle East, inclusive of the United Arab Emirates, are investing in space tourism initiatives, aiming to diversify their economies.Nations in Latin America and Africa are exploring possibilities in the area. The emergence of a worldwide space tourism marketplace opens up opportunities for collaboration and competition from numerous areas, creating a more inclusive and huge industry. The regulatory landscape and infrastructure improvement in the rest of the arena are important elements influencing the trajectory of space tour and tourism beyond the historically dominant regions.

Key Findings of the Study

• The global Space Travel/Tourism market is expected to reach USD 15.4 billion by 2032, at a CAGR of 40.8% during the forecast period.


• Asia Pacific region is experiencing a developing interest in space journey and tourism, driven by using improvements in area technology and increasing investment inside the zone


• The professional groups segment dominated the market, accounting for largest growth of market.


• Blue Origin, Virgin Galactic, Space X, Airbus Group SE, Boeing, ZERO-G, Airbus Group SE, Axiom Space, Bigelow Aerospace, Orion Span, Space Adventures, Space Perspective, World View Enterprises, Zero2Infinity