Latin America Space Tourism Market Size & Outlook
Latin America space tourism market, 2017-2030 (US$M)
Related Markets
Latin America space tourism market highlights
- The Latin America space tourism market generated a revenue of USD 56.5 million in 2023.
- The market is expected to grow at a CAGR of 39.5% from 2024 to 2030.
- In terms of segment, sub-orbital was the largest revenue generating type in 2023.
- Sub-orbital is the most lucrative type segment registering the fastest growth during the forecast period.
- Country-wise, Brazil is expected to register the highest CAGR from 2024 to 2030.
Latin America data book summary
| Market revenue in 2023 | USD 56.5 million |
| Market revenue in 2030 | USD 581.9 million |
| Growth rate | 39.5% (CAGR from 2023 to 2030) |
| Largest segment | Sub-orbital |
| Fastest growing segment | Sub-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, Latin America region accounted for 6.4% 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 |
|---|
Latin America 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 53.63% in 2023. Horizon Databook has segmented the Latin America 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 South America is an emerging trend that presents promising opportunities for the region. While the space tourism industry in South America is still in its early stages, several factors contribute to its growth potential. Firstly, there is a rising interest in and demand for space exploration and travel among individuals in South America.
As space tourism becomes more accessible and affordable, the demand for unique space experiences is expected to increase. This growing interest is driven by a sense of adventure, curiosity, and a desire to be part of groundbreaking advancements in space technology.
They are implementing policies and regulations to facilitate the development of space tourism infrastructure, attract investments, and promote collaboration with international partners. This government support creates a conducive environment for space tourism companies to establish operations and expand their regional offerings.
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Target buyers of Latin America 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 Latin America space tourism market , including forecasts for subscribers. This continent databook contains high-level insights into Latin America space tourism market from 2017 to 2030, including revenue numbers, major trends, and company profiles.
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Latin America space tourism market size, by country, 2017-2030 (US$M)
Latin America Space Tourism Market Outlook Share, 2023 & 2030 (US$M)
Related regional statistics
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