Japan Space Tourism Market Size & Outlook, 2023-2030
Japan space tourism market, 2017-2030 (US$M)
Related Markets
Japan space tourism market highlights
- The Japan space tourism market generated a revenue of USD 64.2 million in 2023 and is expected to reach USD 826.5 million by 2030.
- The Japan market is expected to grow at a CAGR of 44% 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 64.2 million |
| Market revenue in 2030 | USD 826.5 million |
| Growth rate | 44% (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, Japan accounted for 7.2% 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 |
|---|
Japan 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 45.95% in 2023. Horizon Databook has segmented the Japan space tourism market based on orbital, sub-orbital covering the revenue growth of each sub-segment from 2017 to 2030.
The growth of the space tourism market in Japan is influenced by various factors. JAXA plays a crucial role in driving the growth of the space tourism market. JAXA has been actively engaged in space research, satellite launches, and international collaborations.
The agency's achievements and capabilities in space exploration have garnered global recognition, creating a solid foundation for the development of space tourism in Japan. Private companies in Japan have also emerged as key players in the space tourism market.
One notable example is the partnership between SpaceX and Japanese billionaire Yusaku Maezawa for a lunar tourism mission. This collaboration has brought significant attention to space tourism in Japan and has sparked interest among potential tourists.
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Target buyers of Japan 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 Japan space tourism market , including forecasts for subscribers. This country databook contains high-level insights into Japan space tourism market from 2017 to 2030, including revenue numbers, major trends, and company profiles.
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Japan space tourism market size, by type, 2017-2030 (US$M)
Japan Space Tourism Market Outlook Share, 2023 & 2030 (US$M)
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