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Space Tourism Market Share

Report ID: GMI10007
Published Date: Jun 2024
Report Format: PDF

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Space Tourism Market Share

SpaceX and Blue Origin Enterprises, L.P. hold a significant market share of over 40% in the anti-submarine warfare systems market. SpaceX dominates the space tourism industry with its Crew Dragon spacecraft, capable of carrying private astronauts to destinations such as the International Space Station (ISS) and beyond. The company's successful launches for NASA's Commercial Crew Program, along with private missions such as Inspiration4, position SpaceX as a leader in providing reliable and accessible space tourism experiences, setting a high standard for competitors.

In the space tourism market, Blue Origin offers New Shepard suborbital spacecraft, specializing in high-altitude journeys for travelers seeking weightlessness and stunning Earth vistas. Despite competition from SpaceX and Virgin Galactic, Blue Origin's commitment to safety, affordability & inclusivity establishes it as a formidable player in suborbital space tourism, attracting thrill-seekers and space enthusiasts alike.

Space Tourism Market Companies

Major players operating in the space tourism industry are:

Airbus
Axiom Space, Inc.
Blue Origin Enterprises, L.P.
Rocket Lab USA, Inc.
Space Adventures, Inc.
SpaceX
The Boeing Company
Virgin Galactic Holdings, Inc.
Zero 2 Infinity
Zero Gravity Corporation

Authors: Preeti Wadhwani, Aishvarya Ambekar

Frequently Asked Questions (FAQ) :

The market size of space tourism reached USD 827.2 million in 2023 and will witness 36.5% CAGR between 2024 and 2032, propelled by supportive government policies and international collaborations.

The commercial segment achieved 70% of the market share in 2023, due to significant investments from private companies.

North America market captured 39% revenue share in 2023, owing to the region's advanced aerospace infrastructure and strong presence of leading space companies.

Some of the leading industry players include Airbus, Axiom Space, Inc., Blue Origin Enterprises, L.P., Rocket Lab USA, Inc., Space Adventures, Inc., SpaceX, The Boeing Company, Virgin Galactic Holdings, Inc., Zero 2 Infinity, and Zero Gravity Corporation, among others.