Global Northern Lights Tourism Market Share, Forecasts to 2033

0
Global Northern Lights Tourism Market Share, Forecasts to 2033

Global Northern Lights Tourism Market Insights Forecasts to 2033

  • The Global Northern Lights Tourism Market Size was Valued at USD 844.5 Million in 2023
  • The Market Size is Growing at a CAGR of 9.53% from 2023 to 2033
  • The Worldwide Northern Lights Tourism Market Size is Expected to Reach USD 2099 Million by 2033
  • Europe is Expected to Grow the fastest during the forecast period.

 

Global Northern Lights Tourism Market

Get more details on this report –

Request Free Sample PDF

The Global Northern Lights Tourism Market Size is Anticipated to Exceed USD 2099 Million by 2033, Growing at a CAGR of 9.53% from 2023 to 2033.

 

Market Overview

The Aurora Borealis, often known as the Northern Lights, has long mesmerized and charmed people all over the world. Beautiful light displays dance across the night sky as a result of charged solar particles striking the Earth’s atmosphere. This phenomenon occurs naturally. Known as the “Capital of the Northern Lights,” Tromsø has emerged as a top spot for those seeking auroras. The ethereal beauty and unique experience that Northern Lights tourism offers have led to an increasing interest in it, making it a top holiday destination for many. The burgeoning demand for winter tourism in Northern Norway, especially in Tromsø, where tourist numbers have dramatically surged recently, is indicative of the trend.

 

According to the National Centers for Environmental Information (NCEI), Though they might be seen in both the Northern and Southern Hemispheres, travelers are more likely to visit the northern equivalent in order to witness the spectacle. The sun’s activity, which modifies space conditions, is what gives rise to the Northern Lights. An aurora may result from space weather, which is influenced by geoeffective solar activity like solar flares and coronal mass ejections and affects the region between Earth and the sun. The Space Weather Prediction Center (SWPC) of NOAA scientists keeps an eye on these space weather-related events and has created tools to forecast the possibility of large auroras.

 

Report Coverage

This research report categorizes the market for Northern Lights tourism based on various segments and regions forecasts revenue growth and analyzes trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the Northern Lights tourism market. Recent market developments and competitive strategies such as expansion, product launch, and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key market players and analyses their core competencies in each sub-segment of the Northern Lights tourism market.

 

Report Coverage Details
Base Year: 2023
Market Size in 2023: USD 844.5 Million
Forecast Period: 2023-2033
Forecast Period CAGR 2023-2033 : 9.53%
2033 Value Projection: USD 2099 Million
Historical Data for: 2019-2022
No. of Pages: 189
Tables, Charts & Figures: 110
Segments covered: By Traveler Type, By Age Group, By Region
Companies covered:: Lindblad Expeditions, Abercrombie & Kent, Quark Expeditions, Scott Dunn, Intrepid Travels, Hurtigruten Expeditions, Butterfield & Robinson Inc., Travel Edge, The Aurora Zone, Exodus Travels, and Others.
Pitfalls & Challenges: Covid-19 Empact, Challenges, Growth, Analysis.

Get more details on this report –

Request Free Sample PDF

 

Driving Factors

In recent years, a number of reasons have contributed to the expansion of Northern Lights tourism. Many prospective tourists have become interested in traveling as a result of the increased visibility and understanding of the northern lights in popular and social media. Furthermore, it is now easier for tourists to see the northern lights because of the development of tourism infrastructure in the north, including guided tours and special viewing huts. The viewing season and geographic area where the northern lights can be seen have increased due to warmer temperatures and less sea ice as a result of climate change, creating new tourist destinations. Ultimately, the desire for rare natural occurrences like the aurora borealis has increased due to the general surge in adventure and experiencing travel, making it a top tourist destination for many.Top of FormBottom of Form

 

Restraining Factors

Even though northern lights tourism is becoming more and more popular, a number of factors are limiting the market’s total growth and accessibility. Travelers face considerable logistical obstacles due to the northern regions’ remoteness and frequently harsh environments, which are home to the aurora borealis. Many potential visitors may be discouraged by the extreme cold, unpredictability of the weather, and scarcity of transportation and lodging choices in these places. Tourists may not be able to guarantee sightings throughout their visits because of the seasonal and unpredictable nature of the northern lights themselves.

 

Market Segmentation

The Northern Lights tourism market share is classified intotype and application.

  • The friend segment is estimated to hold the highest market revenue share through the projected period.

Based on the traveler type, the Northern Lights tourism market is classified into couples, friends, family, and solo. Among these, the friends segment is estimated to hold the highest market revenue share through the projected period. This is mostly because seeing the breathtaking aurora borealis with a group of close friends or peers has a significant social appeal and group dynamic. Traveling with friends makes seeing the northern lights more accessible and economical because you can split travel and lodging expenses, enjoy shared experiences, and take advantage of photo possibilities. Friends also tend to be more flexible with their schedules and travel arrangements than family groups, which makes it easier for them to plan vacations around the best times to see the northern lights. Strong demand for Northern Lights tourist packages and excursions is also driven by the friend segment’s desire to forge special shared experiences with close companions. Throughout the anticipated period, the friend sector is anticipated to continue to be a major driver of market revenue because of the growing attractiveness of the northern lights.

 

  • The 18-34 years segment is anticipated to hold the largest market share through the forecast period.

Based on the age group, the Northern Lights tourism market is divided into 18-34 Years, 35-49 Years, 50-64 Years, and 65+ Years. Among these, the 18-34 years segment is anticipated to hold the largest market share through the forecast period. This group of travelers often referred to as millennials and younger Gen Z has emerged as a key factor in the expansion of this niche travel industry. This age group of younger tourists is known for being more experience-seeking, adventurous, and social media savvy qualities that go hand in hand with the allure of seeing the northern lights. Compared to elder travelers, they frequently have more flexibility in their schedules and budgets, which makes it easier for them to organize journeys to far-flung northern locations. Furthermore, younger customers exhibit a stronger “bucket list” mentality and a great desire to document “Instagram-worthy” aurora borealis encounters. The 18–34 year old age group is predicted to maintain its dominant position in the northern lights tourist business over the next several years, as it continues to drive trends in adventure and experiential travel.

 

Regional Segment Analysis of the Northern Lights Tourism Market

  • North America (U.S., Canada, Mexico) 
  • Europe (Germany, France, U.K., Italy, Spain, Rest of Europe)
  • Asia-Pacific (China, Japan, India, Rest of APAC)
  • South America (Brazil and the Rest of South America) 
  • The Middle East and Africa (UAE, South Africa, Rest of MEA)

 

North America is anticipated to hold the largest share of the Northern Lights tourism market over the predicted timeframe.

 

North America

Get more details on this report –

Request Free Sample PDF

North America is anticipated to hold the largest share of the Northern Lights tourism market over the predicted timeframe. This is mostly due to the existence of excellent places to see the northern lights on the continent of North America, including Alaska, northern Canada, and some northern U.S. states. The well-developed tourism infrastructure in conjunction with the relative proximity and accessibility of these places for travelers from North America makes Northern Lights experiences more affordable for this particular market. Additionally, there is a huge demand for Northern Lights tourism packages and activities due to the big population base, high disposable incomes, and great tendency for adventure travel among North American customers. The region’s leading position in the global market forecast is further supported by increased marketing and promotion of northern lights viewing possibilities in North America, which has further increased awareness and interest in these natural occurrences.

 

Europe is expected to grow at the fastest CAGR growth of the northern lights tourism market during the forecast period. There are a few important reasons behind this. First off, European tourists will find many of the best places to see the northern lights including Norway, Finland, Iceland, and Sweden to be more accessible and practical from a logistical standpoint than from other continents. In addition, Europe’s well-established transportation and tourism infrastructure in these northern locations meet the growing demand for experiences with the northern lights. Increased domestic and intra-European travel for the purpose of seeing the northern lights is made possible by the close proximity and shared cultural heritage of European nations. Furthermore, there is a large base of demand for these kinds of specialized tourist offers due to European consumers’ generally higher disposable incomes and propensity for travel. Over the anticipated timeframe, Europe’s established position and tourist ecosystem are predicted to consolidate its leadership role in the northern lights tourism sector, as knowledge and interest in the phenomenon continue to rise globally.

 

Competitive Analysis:

The report offers the appropriate analysis of the key organizations/companies involved within the Northern Lights tourism market along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.

 

List of Key Companies

  • Lindblad Expeditions
  • Abercrombie & Kent
  • Quark Expeditions
  • Scott Dunn
  • Intrepid Travels
  • Hurtigruten Expeditions
  • Butterfield & Robinson Inc.
  • Travel Edge
  • The Aurora Zone
  • Exodus Travels
  • Others

 

Key Target Audience

  • Market Players
  • Investors
  • End-users
  • Government Authorities 
  • Consulting And Research Firm
  • Venture capitalists
  • Value-Added Resellers (VARs)

 

Recent Developments

  • In June 2024, Abercrombie & Kent introduced 22 new global expeditions and over 65 existing itineraries covering six continents. A package for a trip to Finland and Sweden is also included in the itinerary. Highlights include sled dog safaris, snowmobiling, and experiencing the Sami culture. Unique lodging options include glass-domed Aurora Cabins in 2025.

 

  • In June 2024, Jet2.com and Jet2CityBreaks have launched their largest-ever Iceland schedule, with flights from all 12 UK airport bases for winter 2025-26.

 

Market Segment

This study forecasts revenue at global, regional, and country levels from 2023 to 2033. Spherical Insights has segmented the northern lights tourism market based on the below-mentioned segments: 

 

Global Northern Lights Tourism Market, By Traveler Type

  • Couple
  • Friends
  • Family
  • Solo

 

Global Northern Lights Tourism Market, By Age Group

  • 18-34 Years
  • 35-49 Years
  • 50-64 Years
  • 65+ Years

 

Global Northern Lights Tourism Market, By Regional Analysis

  • North America

  • Europe

    • Germany
    • UK
    • France
    • Italy
    • Spain
    • Russia
    • Rest of Europe

  • Asia Pacific

    • China
    • Japan
    • India
    • South Korea
    • Australia
    • Rest of Asia Pacific

  • South America

    • Brazil
    • Argentina
    • Rest of South America

  • Middle East & Africa

    • UAE
    • Saudi Arabia
    • Qatar
    • South Africa
    • Rest of the Middle East & Africa

link

Leave a Reply

Your email address will not be published. Required fields are marked *