Asia Pacific Space Tourism Market Size & Outlook
Asia Pacific space tourism market, 2017-2030 (US$M)
Related Markets
Asia Pacific space tourism market highlights
- The Asia Pacific space tourism market generated a revenue of USD 265.4 million in 2023.
- The market is expected to grow at a CAGR of 41.8% 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.
- Country-wise, Japan is expected to register the highest CAGR from 2024 to 2030.
Asia Pacific data book summary
| Market revenue in 2023 | USD 265.4 million |
| Market revenue in 2030 | USD 3,056.2 million |
| Growth rate | 41.8% (CAGR from 2023 to 2030) |
| Largest segment | Sub-orbital |
| Fastest growing segment | Orbital |
| Historical data covered | 2017 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 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, Asia Pacific region accounted for 29.9% of the global space tourism market in 2023.
- Globally, North America is projected to lead the regional market in terms of revenue in 2030.
- North America is the fastest growing regional market and is projected to reach USD 4,146.3 million by 2030.
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Space Tourism Market Scope
Space Tourism Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Asia Pacific 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 will help companies and investors design strategic landscapes.
Sub-orbital was the largest segment with a revenue share of 46.16% in 2023. Horizon Databook has segmented the Asia Pacific space tourism market based on orbital, sub-orbital covering the revenue growth of each sub-segment from 2017 to 2030.
Several factors in the region are driving the growth of the market in Asia Pacific. One key factor is the region's notable technological advancements in space exploration and satellite technology. Countries such as China, Japan, and India have made significant strides in space technology, successfully launching satellites and conducting crewed missions.
The technological expertise and capabilities developed in the region serve as a strong foundation for the growth of space tourism, including spacecraft design, launch systems, and life support systems. These advancements position Asia Pacific as a promising space tourism innovation and development hub.
Governments in the Asia Pacific have also recognized the space industry's potential economic and strategic benefits, leading to the implementation of supportive policies and initiatives. Countries such as China, Japan, and Australia have launched dedicated programs to foster the growth of the space sector, including space tourism.
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Target buyers of Asia Pacific space tourism market databook
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Our clientele includes a mix of space tourism market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of continent-level data and insights on the Asia Pacific space tourism market , including forecasts for subscribers. This continent databook contains high-level insights into Asia Pacific space tourism market from 2017 to 2030, including revenue numbers, major trends, and company profiles.
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Asia Pacific space tourism market size, by country, 2017-2030 (US$M)
Asia Pacific Space Tourism Market Outlook Share, 2023 & 2030 (US$M)
Related regional statistics
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