Canada Space Tourism Market Size & Outlook, 2023-2030

The space tourism market in Canada is expected to reach a projected revenue of US$ 744.0 million by 2030. A compound annual growth rate of 43.9% is expected of Canada space tourism market from 2024 to 2030.
Revenue, 2023 (US$M)
$58.4
Forecast, 2030 (US$M)
$744.0
CAGR, 2024 - 2030
43.8%
Report Coverage
Canada

Canada space tourism market highlights

  • The Canada space tourism market generated a revenue of USD 58.4 million in 2023 and is expected to reach USD 744.0 million by 2030.
  • The Canada market is expected to grow at a CAGR of 43.9% 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.


Space tourism market data book summary

Market revenue in 2023USD 58.4 million
Market revenue in 2030USD 744.0 million
Growth rate43.9% (CAGR from 2023 to 2030)
Largest segmentSub-orbital
Fastest growing segmentOrbital
Historical data2017 - 2022
Base year2023
Forecast period2024 - 2030
Quantitative unitsRevenue in USD million
Market segmentationOrbital, Sub-orbital
Key market players worldwideVirgin 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, Canada accounted for 6.6% of the global space tourism market in 2023.
  • Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
  • In North America, U.S. space tourism market is projected to lead the regional market in terms of revenue in 2030.
  • Canada is the fastest growing regional market in North America and is projected to reach USD 744.0 million by 2030.

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Space Tourism Market Scope

Space tourism market segmentation & scope
Orbital
Sub-orbital
Others
Government
Commercial
Others

Space Tourism Market Companies

Name Profile # Employees HQ Website

Canada 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 46.75% in 2023. Horizon Databook has segmented the Canada space tourism market based on orbital, sub-orbital covering the revenue growth of each sub-segment from 2017 to 2030.


Several factors are contributing to the growth of the space tourism market In Canada. Firstly, the country's emerging space industry is gaining momentum. Through the Canadian Space Agency (CSA), the Canadian government has been actively supporting space-related research and development projects. 

This commitment fosters collaboration with international partners and drives investments in space exploration and technology within Canada. As the space industry expands, it sets the stage for potential growth in space tourism. 

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Target buyers of Canada space tourism market databook

  • Our clientele includes a mix of space tourism market companies, investment firms, advisory firms & academic institutions.
  • 30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
  • 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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Horizon Databook provides a detailed overview of country-level data and insights on the Canada space tourism market , including forecasts for subscribers. This country databook contains high-level insights into Canada space tourism market from 2017 to 2030, including revenue numbers, major trends, and company profiles.

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Canada space tourism market size, by type, 2017-2030 (US$M)

Canada Space Tourism Market Outlook Share, 2023 & 2030 (US$M)

Canada space tourism market size, by type, 2017-2030 (US$M)

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