Space Suits Market
Space Suits Market Forecasts to 2028 - Global Analysis By Type (Hard Suits, Soft Suits, Hybrid Suits and Skintight Suits), Product (New Space Suits and Refurbishment), Application (Extravehicular Activity and Intravehicular Activity), Weight, End User and By Geography
|
Years Covered |
2020-2028 |
|
Estimated Year Value (2022) |
US $168.3 MN |
|
Projected Year Value (2028) |
US $1,071.6 MN |
|
CAGR (2022 - 2028) |
36.13% |
|
Regions Covered |
North America, Europe, Asia Pacific, South America, and Middle East & Africa |
|
Countries Covered |
US, Canada, Mexico, Germany, UK, Italy, France, Spain, Japan, China, India, Australia, New Zealand, South Korea, Rest of Asia Pacific, South America, Argentina, Brazil, Chile, Middle East & Africa, Saudi Arabia, UAE, Qatar, and South Africa |
|
Largest Market |
North America |
|
Highest Growing Market |
Europe |
According to Stratistics MRC, the Global Space Suits Market is accounted for $168.3 million in 2022 and is expected to reach $1,071.6 million by 2028 growing at a CAGR of 36.13% during the forecast period. A spacesuit is a sophisticated system of clothes, apparatus, and environmental controls keep astronauts alive and comfortable in the hostile environment of space. It safeguards astronauts from the perils of space travel. Astronauts benefit much from spacesuits. Astronauts are shielded from intense heat and cold by their suits. Additionally, it shields astronauts from space dust injuries. Even the visor in the suit has a special gold coating to shield the astronaut's eyes from direct sunlight.
Market Dynamics:
Driver:
Increasing demand for commercial crewed spaceflight
Commercial space exploration by private parties has increased as a result of recent changes in space regulations and technology development. This includes commercial space flights as well as other ambitious space missions like the creation of commercial space stations. Government-owned space agencies like NASA, ESA, along with ISRO have provided financial and technological support to the private space industry in order for it to create dependable space technology for commercial uses thus propelling the growth of the market.
Restraint:
The process of creating novel spacesuit materials and designs are time consuming
Spacesuit development and production are complex processes that take a lot of time to complete. It can take time to develop new materials, methods, and designs. To ensure functionality and safety, spacesuits must be built with extreme care and complexity. Additionally, there is a low demand for spacesuits because the space travel sector and government space programmes are the main drivers of this need.
Opportunity:
Increased importance of developing better connectivity systems
The necessity of creating better networking systems has been seen to significantly increase the market CAGR for space suits. Enhancing communication and digital synthesis between Earth, astronauts, and space is a top aim for space organisations. In order to guarantee uninterrupted data transmission between senders and receivers or vice versa, connectivity technologies had to be enhanced. Improving spacesuit communication is a primary priority for commercial operators that want to acquire a competitive edge to attract customers in the cutthroat market. Wi-Fi and the fast GPS allow astronauts to access information about the spacecraft and their current location thereby enhancing the market growth.
Threat:
Higher maintenance costs
Numerous astronauts use the suits on numerous space missions they are produced in conventional sizes. A space suit is sent for refurbishing after a certain number of uses. There are different sorts of maintenance for the suits, including planned maintenance, proactive maintenance, and condition-based maintenance. Due to the expense of moving the suits from space to earth, the overall cost of upkeep for EVA suits rises noticeably the growth of the space suit market may therefore be hampered by increasing maintenance expenses.
Covid-19 Impact
The COVID-19 pandemic's onset had a major effect on the space economy and its related industry. The overall space budget for forecast period has decreased, as reported by space agencies around the world. Many space-related projects were postponed as a result of global COVID-19-related constraints put in place by nations, in addition to the reduction in the budget for space exploration. In March 2020, NASA experienced a delay of at least three months in the xEVA space suit project as a result of the shutdown of many facilities. Global space agencies and suit OEMs have started collaborating in order to reduce the operational and developmental effects of COVID-19.
The hybrid suits segment is expected to be the largest during the forecast period
The hybrid suits segment is estimated to have a lucrative growth, due to the benefits of both soft and hard garments are offered by a hybrid suit, which is adaptable. Since space suits are lightweight, more flexible, and come in bespoke sizes, recent advancements in digital threat technologies have also encouraged their adoption. Moreover, the concept behind the suggested hybrid and intelligent spacesuit is to improve dexterity and motion while integrating sensors to interact with soundings and detect damage. The suggested hybrid technology will improve dexterity and comfort by incorporating full-body softrobotic parts into the gas-pressurized spacesuit which enhances the growth of the market
The refurbishment segment is expected to have the highest CAGR during the forecast period
The refurbishment segment is anticipated to witness the fastest CAGR growth during the forecast period; due to the two main drivers of the expansion of the refurbished segment is the increase in demand for human space missions from both established and emerging nations, as well as for commercial space flights. The greater cost of new space suits, the possibility to reuse old suits, and the availability of services are the segment's key growth factors.
Region with highest share:
North America is projected to hold the highest market share during the forecast period owing to the region rise in spacesuit development as a result of the U.S. government's increased funding for space research. The rise of the market in the region is anticipated to be fuelled by elements including technical improvements, national security issues, and the requirement to support space exploration and commercial space operations. Private space firms in the area are funding space exploration and the construction of space stations. Such advancements make it possible to create spacesuits for space expedition operations, which is further projected to speed up market growth over the course of the forecast period.
Region with highest CAGR:
Europe is projected to have the highest CAGR over the forecast period, owing to space exploration activities as well as the creation of new technologies for human spaceflight initiatives including low-Earth orbit commercial cargo missions (LEO) and commercial crew vehicles (CCVs). Additionally, the presence of substantial businesses engaged in supplying NASA with spacesuits would promote regional development.
Key players in the market
Some of the key players profiled in the Space Suits Market include Axiom Space , Paragon Space Development Corporation, KBR Inc., Creare, David Clark Company, Barber-Nichols, Vinyl Technology Inc, Aerospace, ILC Dover, Oceaneering International, Raytheon Technologies Corporation, Sure Safety, Pacific Spacefligh, Spacex, Boeing and Collins Aerospace
Key Developments:
In March 2023, KBR Acquires Acetica? a Carbon Utilization Technology, This technology will enable the back-integration of CO2 from carbon capture to produce high value chemicals such as Vinyl Acetate Monomer (VAM)
In Jan 2023, NASA, Space Station Partners Approve Ax-2, Axiom Space Private Mission Crew, A SpaceX Falcon 9 rocket will launch the Ax-2 crew aboard a SpaceX Dragon spacecraft to the International Space Station
In Jan 2022, Paragon Space Development Corporation Agrees to Acquire Final Frontier Design, FFD currently has several NASA contracts for spacesuit components and has a Space Act Agreement with NASA for its IVA suit.
Types Covered:
• Hard Suits
• Soft Suits
• Hybrid Suits
• Skintight Suits
Products Covered:
• New Space Suits
• Refurbishment
Applications Covered:
• Extravehicular Activity
• Intravehicular Activity
Weights Covered:
• Up to 50 kg
• 50 to 100 kg
• Above 100 kg
End Users Covered:
• Up to 50 kg
• Spaceflight mission
• Training
Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2020, 2021, 2022, 2025, and 2028
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
Table of Contents
1 Executive Summary
2 Preface
2.1 Abstract
2.2 Stake Holders
2.3 Research Scope
2.4 Research Methodology
2.4.1 Data Mining
2.4.2 Data Analysis
2.4.3 Data Validation
2.4.4 Research Approach
2.5 Research Sources
2.5.1 Primary Research Sources
2.5.2 Secondary Research Sources
2.5.3 Assumptions
3 Market Trend Analysis
3.1 Introduction
3.2 Drivers
3.3 Restraints
3.4 Opportunities
3.5 Threats
3.6 Product Analysis
3.7 Application Analysis
3.8 End User Analysis
3.9 Emerging Markets
3.10 Impact of Covid-19
4 Porters Five Force Analysis
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry
5 Global Space Suits Market, By Type
5.1 Introduction
5.2 Hard Suits
5.3 Soft Suits
5.4 Hybrid Suits
5.5 Skintight Suits
6 Global Space Suits Market, By Product
6.1 Introduction
6.2 New Space Suits
6.3 Refurbishment
7 Global Space Suits Market, By Application
7.1 Introduction
7.2 Extravehicular Activity
7.3 Intravehicular Activity
8 Global Space Suits Market, By Weight
8.1 Introduction
8.2 Up to 50 kg
8.3 50 to 100 kg
8.4 Above 100 kg
9 Global Space Suits Market, By End User
9.1 Introduction
9.2 Spaceflight mission
9.3 Training
10 Global Space Suits Market, By Geography
10.1 Introduction
10.2 North America
10.2.1 US
10.2.2 Canada
10.2.3 Mexico
10.3 Europe
10.3.1 Germany
10.3.2 UK
10.3.3 Italy
10.3.4 France
10.3.5 Spain
10.3.6 Rest of Europe
10.4 Asia Pacific
10.4.1 Japan
10.4.2 China
10.4.3 India
10.4.4 Australia
10.4.5 New Zealand
10.4.6 South Korea
10.4.7 Rest of Asia Pacific
10.5 South America
10.5.1 Argentina
10.5.2 Brazil
10.5.3 Chile
10.5.4 Rest of South America
10.6 Middle East & Africa
10.6.1 Saudi Arabia
10.6.2 UAE
10.6.3 Qatar
10.6.4 South Africa
10.6.5 Rest of Middle East & Africa
11 Key Developments
11.1 Agreements, Partnerships, Collaborations and Joint Ventures
11.2 Acquisitions & Mergers
11.3 New Product Launch
11.4 Expansions
11.5 Other Key Strategies
12 Company Profiling
12.1 Axiom Space
12.2 Paragon Space Development Corporation
12.3 KBR Inc.
12.4 Creare
12.5 David Clark Company
12.6 Barber-Nichols
12.7 Vinyl Technology Inc.
12.8 Aerospace
12.9 ILC Dover
12.10 Oceaneering International
12.11 Raytheon Technologies Corporation
12.12 Sure Safety
12.13 Pacific Spacefligh
12.14 Spacex
12.15 Boeing
12.16 Collins Aerospace
List of Tables
1 Global Space Suits Market Outlook, By Region (2020-2028) ($MN)
2 Global Space Suits Market Outlook, By Type (2020-2028) ($MN)
3 Global Space Suits Market Outlook, By Hard Suits (2020-2028) ($MN)
4 Global Space Suits Market Outlook, By Soft Suits (2020-2028) ($MN)
5 Global Space Suits Market Outlook, By Hybrid Suits (2020-2028) ($MN)
6 Global Space Suits Market Outlook, By Skintight Suits (2020-2028) ($MN)
7 Global Space Suits Market Outlook, By Product (2020-2028) ($MN)
8 Global Space Suits Market Outlook, By New Space Suits (2020-2028) ($MN)
9 Global Space Suits Market Outlook, By Refurbishment (2020-2028) ($MN)
10 Global Space Suits Market Outlook, By Application (2020-2028) ($MN)
11 Global Space Suits Market Outlook, By Extravehicular Activity (2020-2028) ($MN)
12 Global Space Suits Market Outlook, By Intravehicular Activity (2020-2028) ($MN)
13 Global Space Suits Market Outlook, By Weight (2020-2028) ($MN)
14 Global Space Suits Market Outlook, By Up to 50 kg (2020-2028) ($MN)
15 Global Space Suits Market Outlook, By 50 to 100 kg (2020-2028) ($MN)
16 Global Space Suits Market Outlook, By Above 100 kg (2020-2028) ($MN)
17 Global Space Suits Market Outlook, By End User (2020-2028) ($MN)
18 Global Space Suits Market Outlook, By Spaceflight mission (2020-2028) ($MN)
19 Global Space Suits Market Outlook, By Training (2020-2028) ($MN)
20 North America Space Suits Market Outlook, By Country (2020-2028) ($MN)
21 North America Space Suits Market Outlook, By Type (2020-2028) ($MN)
22 North America Space Suits Market Outlook, By Hard Suits (2020-2028) ($MN)
23 North America Space Suits Market Outlook, By Soft Suits (2020-2028) ($MN)
24 North America Space Suits Market Outlook, By Hybrid Suits (2020-2028) ($MN)
25 North America Space Suits Market Outlook, By Skintight Suits (2020-2028) ($MN)
26 North America Space Suits Market Outlook, By Product (2020-2028) ($MN)
27 North America Space Suits Market Outlook, By New Space Suits (2020-2028) ($MN)
28 North America Space Suits Market Outlook, By Refurbishment (2020-2028) ($MN)
29 North America Space Suits Market Outlook, By Application (2020-2028) ($MN)
30 North America Space Suits Market Outlook, By Extravehicular Activity (2020-2028) ($MN)
31 North America Space Suits Market Outlook, By Intravehicular Activity (2020-2028) ($MN)
32 North America Space Suits Market Outlook, By Weight (2020-2028) ($MN)
33 North America Space Suits Market Outlook, By Up to 50 kg (2020-2028) ($MN)
34 North America Space Suits Market Outlook, By 50 to 100 kg (2020-2028) ($MN)
35 North America Space Suits Market Outlook, By Above 100 kg (2020-2028) ($MN)
36 North America Space Suits Market Outlook, By End User (2020-2028) ($MN)
37 North America Space Suits Market Outlook, By Spaceflight mission (2020-2028) ($MN)
38 North America Space Suits Market Outlook, By Training (2020-2028) ($MN)
39 Europe Space Suits Market Outlook, By Country (2020-2028) ($MN)
40 Europe Space Suits Market Outlook, By Type (2020-2028) ($MN)
41 Europe Space Suits Market Outlook, By Hard Suits (2020-2028) ($MN)
42 Europe Space Suits Market Outlook, By Soft Suits (2020-2028) ($MN)
43 Europe Space Suits Market Outlook, By Hybrid Suits (2020-2028) ($MN)
44 Europe Space Suits Market Outlook, By Skintight Suits (2020-2028) ($MN)
45 Europe Space Suits Market Outlook, By Product (2020-2028) ($MN)
46 Europe Space Suits Market Outlook, By New Space Suits (2020-2028) ($MN)
47 Europe Space Suits Market Outlook, By Refurbishment (2020-2028) ($MN)
48 Europe Space Suits Market Outlook, By Application (2020-2028) ($MN)
49 Europe Space Suits Market Outlook, By Extravehicular Activity (2020-2028) ($MN)
50 Europe Space Suits Market Outlook, By Intravehicular Activity (2020-2028) ($MN)
51 Europe Space Suits Market Outlook, By Weight (2020-2028) ($MN)
52 Europe Space Suits Market Outlook, By Up to 50 kg (2020-2028) ($MN)
53 Europe Space Suits Market Outlook, By 50 to 100 kg (2020-2028) ($MN)
54 Europe Space Suits Market Outlook, By Above 100 kg (2020-2028) ($MN)
55 Europe Space Suits Market Outlook, By End User (2020-2028) ($MN)
56 Europe Space Suits Market Outlook, By Spaceflight mission (2020-2028) ($MN)
57 Europe Space Suits Market Outlook, By Training (2020-2028) ($MN)
58 Asia Pacific Space Suits Market Outlook, By Country (2020-2028) ($MN)
59 Asia Pacific Space Suits Market Outlook, By Type (2020-2028) ($MN)
60 Asia Pacific Space Suits Market Outlook, By Hard Suits (2020-2028) ($MN)
61 Asia Pacific Space Suits Market Outlook, By Soft Suits (2020-2028) ($MN)
62 Asia Pacific Space Suits Market Outlook, By Hybrid Suits (2020-2028) ($MN)
63 Asia Pacific Space Suits Market Outlook, By Skintight Suits (2020-2028) ($MN)
64 Asia Pacific Space Suits Market Outlook, By Product (2020-2028) ($MN)
65 Asia Pacific Space Suits Market Outlook, By New Space Suits (2020-2028) ($MN)
66 Asia Pacific Space Suits Market Outlook, By Refurbishment (2020-2028) ($MN)
67 Asia Pacific Space Suits Market Outlook, By Application (2020-2028) ($MN)
68 Asia Pacific Space Suits Market Outlook, By Extravehicular Activity (2020-2028) ($MN)
69 Asia Pacific Space Suits Market Outlook, By Intravehicular Activity (2020-2028) ($MN)
70 Asia Pacific Space Suits Market Outlook, By Weight (2020-2028) ($MN)
71 Asia Pacific Space Suits Market Outlook, By Up to 50 kg (2020-2028) ($MN)
72 Asia Pacific Space Suits Market Outlook, By 50 to 100 kg (2020-2028) ($MN)
73 Asia Pacific Space Suits Market Outlook, By Above 100 kg (2020-2028) ($MN)
74 Asia Pacific Space Suits Market Outlook, By End User (2020-2028) ($MN)
75 Asia Pacific Space Suits Market Outlook, By Spaceflight mission (2020-2028) ($MN)
76 Asia Pacific Space Suits Market Outlook, By Training (2020-2028) ($MN)
77 South America Space Suits Market Outlook, By Country (2020-2028) ($MN)
78 South America Space Suits Market Outlook, By Type (2020-2028) ($MN)
79 South America Space Suits Market Outlook, By Hard Suits (2020-2028) ($MN)
80 South America Space Suits Market Outlook, By Soft Suits (2020-2028) ($MN)
81 South America Space Suits Market Outlook, By Hybrid Suits (2020-2028) ($MN)
82 South America Space Suits Market Outlook, By Skintight Suits (2020-2028) ($MN)
83 South America Space Suits Market Outlook, By Product (2020-2028) ($MN)
84 South America Space Suits Market Outlook, By New Space Suits (2020-2028) ($MN)
85 South America Space Suits Market Outlook, By Refurbishment (2020-2028) ($MN)
86 South America Space Suits Market Outlook, By Application (2020-2028) ($MN)
87 South America Space Suits Market Outlook, By Extravehicular Activity (2020-2028) ($MN)
88 South America Space Suits Market Outlook, By Intravehicular Activity (2020-2028) ($MN)
89 South America Space Suits Market Outlook, By Weight (2020-2028) ($MN)
90 South America Space Suits Market Outlook, By Up to 50 kg (2020-2028) ($MN)
91 South America Space Suits Market Outlook, By 50 to 100 kg (2020-2028) ($MN)
92 South America Space Suits Market Outlook, By Above 100 kg (2020-2028) ($MN)
93 South America Space Suits Market Outlook, By End User (2020-2028) ($MN)
94 South America Space Suits Market Outlook, By Spaceflight mission (2020-2028) ($MN)
95 South America Space Suits Market Outlook, By Training (2020-2028) ($MN)
96 Middle East & Africa Space Suits Market Outlook, By Country (2020-2028) ($MN)
97 Middle East & Africa Space Suits Market Outlook, By Type (2020-2028) ($MN)
98 Middle East & Africa Space Suits Market Outlook, By Hard Suits (2020-2028) ($MN)
99 Middle East & Africa Space Suits Market Outlook, By Soft Suits (2020-2028) ($MN)
100 Middle East & Africa Space Suits Market Outlook, By Hybrid Suits (2020-2028) ($MN)
101 Middle East & Africa Space Suits Market Outlook, By Skintight Suits (2020-2028) ($MN)
102 Middle East & Africa Space Suits Market Outlook, By Product (2020-2028) ($MN)
103 Middle East & Africa Space Suits Market Outlook, By New Space Suits (2020-2028) ($MN)
104 Middle East & Africa Space Suits Market Outlook, By Refurbishment (2020-2028) ($MN)
105 Middle East & Africa Space Suits Market Outlook, By Application (2020-2028) ($MN)
106 Middle East & Africa Space Suits Market Outlook, By Extravehicular Activity (2020-2028) ($MN)
107 Middle East & Africa Space Suits Market Outlook, By Intravehicular Activity (2020-2028) ($MN)
108 Middle East & Africa Space Suits Market Outlook, By Weight (2020-2028) ($MN)
109 Middle East & Africa Space Suits Market Outlook, By Up to 50 kg (2020-2028) ($MN)
110 Middle East & Africa Space Suits Market Outlook, By 50 to 100 kg (2020-2028) ($MN)
111 Middle East & Africa Space Suits Market Outlook, By Above 100 kg (2020-2028) ($MN)
112 Middle East & Africa Space Suits Market Outlook, By End User (2020-2028) ($MN)
113 Middle East & Africa Space Suits Market Outlook, By Spaceflight mission (2020-2028) ($MN)
114 Middle East & Africa Space Suits Market Outlook, By Training (2020-2028) ($MN)
List of Figures
RESEARCH METHODOLOGY
We at ‘Stratistics’ opt for an extensive research approach which involves data mining, data validation, and data analysis. The various research sources include in-house repository, secondary research, competitor’s sources, social media research, client internal data, and primary research.
Our team of analysts prefers the most reliable and authenticated data sources in order to perform the comprehensive literature search. With access to most of the authenticated data bases our team highly considers the best mix of information through various sources to obtain extensive and accurate analysis.
Each report takes an average time of a month and a team of 4 industry analysts. The time may vary depending on the scope and data availability of the desired market report. The various parameters used in the market assessment are standardized in order to enhance the data accuracy.
Data Mining
The data is collected from several authenticated, reliable, paid and unpaid sources and is filtered depending on the scope & objective of the research. Our reports repository acts as an added advantage in this procedure. Data gathering from the raw material suppliers, distributors and the manufacturers is performed on a regular basis, this helps in the comprehensive understanding of the products value chain. Apart from the above mentioned sources the data is also collected from the industry consultants to ensure the objective of the study is in the right direction.
Market trends such as technological advancements, regulatory affairs, market dynamics (Drivers, Restraints, Opportunities and Challenges) are obtained from scientific journals, market related national & international associations and organizations.
Data Analysis
From the data that is collected depending on the scope & objective of the research the data is subjected for the analysis. The critical steps that we follow for the data analysis include:
- Product Lifecycle Analysis
- Competitor analysis
- Risk analysis
- Porters Analysis
- PESTEL Analysis
- SWOT Analysis
The data engineering is performed by the core industry experts considering both the Marketing Mix Modeling and the Demand Forecasting. The marketing mix modeling makes use of multiple-regression techniques to predict the optimal mix of marketing variables. Regression factor is based on a number of variables and how they relate to an outcome such as sales or profits.
Data Validation
The data validation is performed by the exhaustive primary research from the expert interviews. This includes telephonic interviews, focus groups, face to face interviews, and questionnaires to validate our research from all aspects. The industry experts we approach come from the leading firms, involved in the supply chain ranging from the suppliers, distributors to the manufacturers and consumers so as to ensure an unbiased analysis.
We are in touch with more than 15,000 industry experts with the right mix of consultants, CEO's, presidents, vice presidents, managers, experts from both supply side and demand side, executives and so on.
The data validation involves the primary research from the industry experts belonging to:
- Leading Companies
- Suppliers & Distributors
- Manufacturers
- Consumers
- Industry/Strategic Consultants
Apart from the data validation the primary research also helps in performing the fill gap research, i.e. providing solutions for the unmet needs of the research which helps in enhancing the reports quality.
For more details about research methodology, kindly write to us at info@strategymrc.com
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