UK Space Tourism Market Size & Outlook, 2023-2030
UK space tourism market, 2017-2030 (US$M)
Related Markets
UK space tourism market highlights
- The UK space tourism market generated a revenue of USD 12.1 million in 2023 and is expected to reach USD 131.0 million by 2030.
- The UK market is expected to grow at a CAGR of 40.6% from 2024 to 2030.
- In terms of segment, 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.
Space tourism market data book summary
| Market revenue in 2023 | USD 12.1 million |
| Market revenue in 2030 | USD 131.0 million |
| Growth rate | 40.6% (CAGR from 2023 to 2030) |
| Largest segment | Orbital |
| Fastest growing segment | Sub-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, UK accounted for 1.4% 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 Europe, Russia space tourism market is projected to lead the regional market in terms of revenue in 2030.
- Germany is the fastest growing regional market in Europe and is projected to reach USD 379.2 million by 2030.
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Space Tourism Market Scope
Space Tourism Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
UK 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.
Orbital was the largest segment with a revenue share of 51.24% in 2023. Horizon Databook has segmented the UK 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 the U.K. is driven by several factors specific to the region. One significant factor is the emergence of spaceport infrastructure. The U.K. government has recognized the importance of spaceports in its space strategy and is actively developing multiple spaceports across the country.
These spaceports, such as the Spaceport Cornwall and the Sutherland Spaceport in Scotland, would provide the necessary launch infrastructure for space tourism activities. The U.K. can attract space tourism companies and position itself as a leading destination for commercial space travel experiences as it has dedicated facilities for space tourism.
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Target buyers of UK 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 UK space tourism market , including forecasts for subscribers. This country databook contains high-level insights into UK space tourism market from 2017 to 2030, including revenue numbers, major trends, and company profiles.
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UK space tourism market size, by type, 2017-2030 (US$M)
UK Space Tourism Market Outlook Share, 2023 & 2030 (US$M)
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