China Space Tourism Market Size & Outlook, 2023-2030
China space tourism market, 2017-2030 (US$M)
Related Markets
China space tourism market highlights
- The China space tourism market generated a revenue of USD 114.8 million in 2023 and is expected to reach USD 1,331.3 million by 2030.
- The China market is expected to grow at a CAGR of 41.9% 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 2023 | USD 114.8 million |
| Market revenue in 2030 | USD 1,331.3 million |
| Growth rate | 41.9% (CAGR from 2023 to 2030) |
| Largest segment | Sub-orbital |
| Fastest growing segment | Orbital |
| Historical data | 2017 - 2022 |
| Base year | 2023 |
| Forecast period | 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, China accounted for 12.9% 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 Asia Pacific, China space tourism market is projected to lead the regional market in terms of revenue in 2030.
- Japan is the fastest growing regional market in Asia Pacific and is projected to reach USD 826.5 million by 2030.
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Space Tourism Market Scope
Space Tourism Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
China 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 45.73% in 2023. Horizon Databook has segmented the China space tourism market based on orbital, sub-orbital covering the revenue growth of each sub-segment from 2017 to 2030.
A combination of factors unique to the country drives the growth of the space tourism market in China. Firstly, the Chinese government has shown strong support and initiatives toward developing the space industry, including space tourism.
The government has implemented policies, funding programs, and infrastructure projects to foster the sector's growth. This support provides a favorable environment for companies operating in the space tourism market, encouraging investment, research, and development.
Reasons to subscribe to China space tourism market databook:
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Strategic advantage: By staying updated with the latest market intelligence, companies can stay ahead of competitors, anticipate industry shifts, and capitalize on emerging opportunities.
Target buyers of China 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 country-level data and insights on the China space tourism market , including forecasts for subscribers. This country databook contains high-level insights into China space tourism market from 2017 to 2030, including revenue numbers, major trends, and company profiles.
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China space tourism market size, by type, 2017-2030 (US$M)
China Space Tourism Market Outlook Share, 2023 & 2030 (US$M)
Related regional statistics
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