Middle East & Africa Space Tourism Market Size & Outlook

The space tourism market in Middle East & Africa is expected to reach a projected revenue of US$ 469.0 million by 2030. A compound annual growth rate of 38.1% is expected of Middle East & Africa space tourism market from 2024 to 2030.
Revenue, 2023 (US$M)
$49.0
Forecast, 2030 (US$M)
$469.0
CAGR, 2024 - 2030
38.1%
Report Coverage
Middle East & Africa

MEA space tourism market highlights

  • The MEA space tourism market generated a revenue of USD 49.0 million in 2023.
  • The market is expected to grow at a CAGR of 38.1% 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.


MEA data book summary

Market revenue in 2023USD 49.0 million
Market revenue in 2030USD 469.0 million
Growth rate38.1% (CAGR from 2023 to 2030)
Largest segmentSub-orbital
Fastest growing segmentOrbital
Historical data covered2017 - 2022
Base year for estimation2023
Forecast period covered2024 - 2030
Quantitative unitsRevenue in USD million
Market segmentationOrbital, Sub-orbital
Key market players worldwideVirgin 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, MEA region accounted for 5.5% 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 segmentation & scope
Orbital
Sub-orbital
Others
Government
Commercial
Others

Space Tourism Market Companies

Name Profile # Employees HQ Website

Middle East & Africa 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 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.

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Target buyers of Middle East & Africa space tourism market databook

  • Our clientele includes a mix of space tourism market companies, investment firms, advisory firms & academic institutions.
  • 30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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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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Middle East & Africa space tourism market

Middle East & Africa Space Tourism Market Outlook Share, 2023 & 2030 (US$M)

Middle East & Africa space tourism market

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