Europe Space Tourism Market Size & Outlook, 2023-2030
Europe space tourism market, 2017-2030 (US$M)
Related Markets
Europe space tourism market highlights
- The Europe space tourism market generated a revenue of USD 172.1 million in 2023.
- The market is expected to grow at a CAGR of 40.2% 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, Germany is expected to register the highest CAGR from 2024 to 2030.
Europe data book summary
| Market revenue in 2023 | USD 172.1 million |
| Market revenue in 2030 | USD 1,834.9 million |
| Growth rate | 40.2% (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, Europe region accounted for 19.4% 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 |
|---|
Europe 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 46.08% in 2023. Horizon Databook has segmented the Europe space tourism market based on orbital, sub-orbital covering the revenue growth of each sub-segment from 2017 to 2030.
Several factors drive the growth of the space tourism market in Europe. Europe has a strong presence in the space industry due to established entities such as the European Space Agency (ESA) and various national space agencies. The region has significantly advanced satellite technology, launch capabilities, and scientific research.
These advancements not only position Europe in a good position in space exploration but also create a solid foundation for developing space tourism infrastructure and services. The expertise and continuous advances in technology within the European space industry contribute to the growth potential of the space tourism market in Europe.
Collaborations and partnerships play a crucial role in the growth of the space tourism market in Europe. European space agencies and companies actively collaborate with international partners, fostering innovation and knowledge exchange. For instance, the ESA collaborates with NASA and other space agencies on various missions, including crewed space exploration.
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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 Europe space tourism market , including forecasts for subscribers. This continent databook contains high-level insights into Europe space tourism market from 2017 to 2030, including revenue numbers, major trends, and company profiles.
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Europe space tourism market size, by country, 2017-2030 (US$M)
Europe Space Tourism Market Outlook Share, 2023 & 2030 (US$M)
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