North America Space Tourism Market Size & Outlook
North America space tourism market, 2017-2030 (US$M)
Related Markets
North America space tourism market highlights
- The North America space tourism market generated a revenue of USD 345.3 million in 2023.
- The market is expected to grow at a CAGR of 42.6% 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, Canada is expected to register the highest CAGR from 2024 to 2030.
North America data book summary
| Market revenue in 2023 | USD 345.3 million |
| Market revenue in 2030 | USD 4,146.3 million |
| Growth rate | 42.6% (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, North America region accounted for 38.9% 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 |
|---|
North 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 50.1% in 2023. Horizon Databook has segmented the North America space tourism market based on orbital, sub-orbital covering the revenue growth of each sub-segment from 2017 to 2030.
Several region-specific factors influence the growth of the space tourism market in North America. Firstly, prominent entrepreneurial space companies within the region, such as SpaceX, Blue Origin, and Virgin Galactic, have been instrumental in driving the market's growth. These companies are at the forefront of technological advancements in reusable rockets, spacecraft, and launch systems.
By focusing on developing cost-effective and efficient space travel solutions, they are making space tourism more accessible and affordable for a broader customer base. The supportive regulatory environment in North America has also played a significant role in fostering the growth of the space tourism market.
Regulatory bodies such as the Federal Aviation Administration (FAA) in the U.S. have implemented guidelines and regulations specific to commercial space activities. These regulations ensure safety and operational standards, providing a framework for space tourism companies to operate within.
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Target buyers of North 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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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 North America space tourism market , including forecasts for subscribers. This continent databook contains high-level insights into North America space tourism market from 2017 to 2030, including revenue numbers, major trends, and company profiles.
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North America space tourism market size, by country, 2017-2030 (US$M)
North America Space Tourism Market Outlook Share, 2023 & 2030 (US$M)
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