Market revenue in 2023 | USD 49.0 million |
Market revenue in 2030 | USD 469.0 million |
Growth rate | 38.1% (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 |
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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 52.04% in 2023. Horizon Databook has segmented the Middle East & Africa space tourism market based on orbital, sub-orbital covering the revenue growth of each sub-segment from 2017 to 2030.
The Middle East and Africa region is witnessing gradual growth in the space tourism market, driven by several key factors specific to the region. In the Middle East, UAE has emerged as a significant player in the space tourism sector. The UAE's ambitious space program, highlighted by the successful Mars mission with the Hope Probe, has elevated its status in the global space industry.
This achievement has boosted the UAE's reputation as a center for technological innovation and created a foundation for future space tourism initiatives. The UAE intends to develop spaceports and attract international space tourism companies to operate within its borders, positioning itself as a potential hub for space tourism activities in the region.
Furthermore, the UAE's strong economic resources and commitment to technological advancement provide a favorable environment for the growth of space tourism. The government's investment in research and development, as well as its focus on fostering collaboration with international partners, further supports the expansion of the space tourism market in the region.
Horizon Databook provides a detailed overview of continent-level data and insights on the Middle East & Africa space tourism market , including forecasts for subscribers. This continent databook contains high-level insights into Middle East & Africa space tourism market from 2017 to 2030, including revenue numbers, major trends, and company profiles.
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