Space Tourism Market Size, Share, Growth, and Industry Analysis By Type (Suborbital, Orbital and Near Space Tourism), By Application (Commercial and Government), By Sales Channel (Direct and Distribution Channel), Regional Insights and Forecast From 2025 To 2033

• 

  Request a Free sample to learn more about this report

SPACE TOURISM MARKET OVERVIEW

The global space tourism market was valued at USD 0.93 billion in 2024 and is expected to grow to USD 1.11 billion in 2025, reaching USD 4.42 billion by 2033, with a projected CAGR of 18.9% from 2025 to 2033.

Space tourism is human space tourism for leisure purposes. There are numerous diverse kinds of space tourism, comprising suborbital, lunar space tourism, and orbital. Orbital space tourism has been occupied by the Russian Space Agency, though work continues to increase sub-orbital space tourism automobile by Blue Origin and Virgin Galactic. Moreover, SpaceX announced in 2017 that they are scheduling on directing two space travelers on a lunar free arrival trajectory in 2018 on board their Dragon V2 spacecraft launched by the Falcon Heavy rocket.

SPACE TOURISM MARKET KEY FINDINGS

• Market Size and Growth: The U.S. has conducted 670 FAA licensed launches and 43 licensed reentries as of August 2023.

• Key Market Driver: 24 active FAA launch licenses for human space flight (suborbital & orbital) were in force as of August 31, 2023.

• Major Market Restraint: Only 43 licensed reentries versus 670 launches reveal a significant constraint in vehicle reuse and recovery operations.

• Emerging Trends: FY 2024 saw 148 licensed commercial space operations in the U.S., a 30 % increase over FY 2023.

• Regional Leadership: The United States leads with 670 licensed launches, leveraging 14 spaceport operator licenses across multiple states.

• Competitive Landscape: Regulatory diversity is underscored by 24 active launch licenses and 46 permitted experimental launches, reflecting a balance of mature and emerging operators.

• Market Segmentation: Permitted experimental launches (46) versus fully licensed launches (670) indicate segmentation between test/demo flights and commercial service missions.

• Recent Development: In December 2024, the FAA streamlined key flight safety analyses requirements for launch and reentry licensing—reducing applicant paperwork and expediting technical reviews.

COVID-19 IMPACT

Halt on Production and Supply Chain Disruption to Impede Sales

The occurrence of the COVID-19 pandemic has significantly hindered the operations of almost all businesses, including the sub-orbital transport and space tourism market. R&D activities were stopped during the lockdown, which in turn, adversely affected development in the sub-orbital transportation and space tourism sector. Space launch actions and analysis were also halted to detain the spread of infections and to safeguard the health of laborers. 

LATEST TRENDS

Private Companies to Seek Opportunities to Bolster Market Progress

Private firms lead space exploration projects when the human spaceflight era began 60 years ago in April 1961. But such corporations have now established the security and presentation of their structures for a full range of processes. Strategies to bid on private flights are a suitable reality. These current projects have engendered enthusiasm and made captions, motivating even more ventures into private space corporations. For instance, many special-purpose acquisition companies (SPACs) are directing space companies for procurement, established on their predictable future profits, permitting them to go public. There are three recent uncrewed operations to Mars, comprising the landing of NASA’s Perseverance rover, which are also building a sense that we’re in a new stage of investigation and prospect.

• According to the Federal Aviation Administration, the U.S. concluded FY 2024 with 148 licensed commercial space operations—a 30 % year on year increase—marking unprecedented activity in suborbital and orbital flights.

• According to FAA “Commercial Space By the Numbers,” there are 670 FAA licensed launches and 43 licensed reentries to date, alongside 14 spaceport operator licenses and 8 active safety approvals.

Request a Free sample to learn more about this report

SPACE TOURISM MARKET SEGMENTATION

By Type

According to type; the market is divided into Suborbital Space Tourism, Orbital Space Tourism, Near Space Tourism 

By Application

Based on the application; the market is divided into Commercial, Government

By Sales Channel

Based on the application sales channel; the market is dividec into Direct Channel, Distribution Channel 

DRIVING FACTORS

R&D Activities to Foster Market Growth

Multiple commercial suborbital spacecraft with a series of abilities are presently under progress. The National Aerospace Training and Research Center (NASTAR), working with the Southwest Research Institute (SwRI), implemented a suborbital space expert preparation course in expectation of human-tended trials on commercial suborbital vehicles. The Commercial Spaceflight Federation established the Suborbital Applications Research Group (SARG) to educate for the research and education possible of the suborbital reusable launch automobile under progress. These initiatives are probable to completely influence the global space tourism market.

Increasing Investments to Boost Market Growth

The growing expenditure on travel and tourism is anticipated to improve the global demand for the space tourism market over the forecast period. The increasing funds in space tourism are estimated to enhance the space tourism market. Moreover, the people with an interest in space investigation and advanced occasions in space exploration are projected to advance produce new occasions for the space tourism market during the forecast period. The investment associations for a more available, less costly reach into outer space might be substantial, with probable prospects in grounds such as satellite broadband, high-speed product delivery and maybe even human space travel.

• According to FAA data, 24 active launch licenses for human space flight were in place as of August 31, 2023, ensuring a pipeline of crewed mission approvals.

• According to FAA records, 46 permitted experimental launches—many involving new vehicles or flight profiles—demonstrate the sector’s technical innovation and regulatory agility.

RESTRAINING FACTORS

High Cost to Impede Market Progress

The space nomads are expected to get exposed to damaging emissions from the sun and the high prices for space tourism are expected to act as a restraint towards the growth of the market whereas the dangers such as lack of proper guidelines and insufficient safety rules are likely to be challenging for the growth of the market.

• According to FAA “Commercial Space By the Numbers,” only 43 licensed reentries have occurred versus 670 launches, highlighting a bottleneck in recovery and turnaround capacity.

• According to the U.S. Code (51 USC § 401.5), amendments expanding “human space flight” definitions to include all “human beings” and government astronauts increased insurance and safety case requirements, raising entry barriers for operators.

• Request a Free sample to learn more about this report

•  

SPACE TOURISM MARKET REGIONAL INSIGHTS

North America to Dominate the Market Due to Growing Infrastructural Developments

North America has the largest part of the global space tourism market share. The US is one of the main market places for space tourism in the region due to the maximum number of commercial tourists and space stations in the US will simplify the space tourism market growth. The number of growing effective demos and test flights approved by key companies in this market has produced a prospect for new entrants in the global market. These successful demonstrations have verified the practicability of these organizations and may drive these companies to commercialize their product offerings.

Europe is expected to have a sizable market share. This is owing to growing government initiatives for space surveys in urbanized countries. Moreover, the increasing requirement for satellite disposition, remote detecting, and earth remark in countries such as Russia, is anticipated to drive market growth.  

KEY INDUSTRY PLAYERS

Key Players to Boost Demand Leading to Market Growth

The leading players in the global space tourism market who have a significant impact on market profitability are assessed based on their product and service revenue, sales, business plans, innovations, and growth rate.

• Space Adventures (U.S.): According to NASA, eight private individuals have traveled to the International Space Station via Space Adventures’ orbital tourism program since 2001.

• Near Space Corporation (U.S.): According to NASA’s Columbia Scientific Balloon Facility, over 1 700 high altitude research balloons have been launched in 35 years—demonstrating the maturity of near space flight infrastructure that underpins commercial balloon based experiences.

Market events or market happenings, new product launches, mergers and acquisitions, benchmarking, regional expansions, and technical advancements all influence a company's final place in the market.

List of Top Space Tourism Companies

• Space Adventures (U.S.)
• Near Space Corporation
• Blue Origin
• Space Exploration Technologies (SpaceX)
• Space Perspective
• World View Enterprises
• HALO Space
• Zephalto
• Zero 2 Infinity
• PD AeroSpace
• Virgin Galactic  

INDUSTRY DEVELOPMENT

• March 2022: NASA declared that its first crewed landing stage of the Artemis package was postponed to 2026 owing to the time desired to improve and test the human landing method and NASA's next-generation spacesuits.