Spacesuit Market

Spacesuit Market - Global Industry
Insights, Trends, Outlook, 2018–2026
Spacesuit market primarily caters to the limited list of space agencies such as Russian
Space Agency (ROSCOSMOS) and National Aeronautics and Space Administration
(NASA) that utilize these products for the astronaut survival in the outer space. These
also find significant application for the crew members inside the spacecraft to ensure
safety mechanism in the event of loss of the cabin pressure. According to Coherent
Market Insights, the business can be largely characterized low volume and high margin
industry.
Difficulty in surviving in space owing to substantially different conditions is the
primary growth driver of the industry
Utilization of distinct advanced materials in the designing and development for next
generation suits, such as urethane-coated nylon, Dacron, Neoprene, aluminized Mylar,
Gortex, Kevlar and Nomex, to enable living in space have gained significant traction as
the key industry trends. These materials enhance the strength, reduce overall weights,
and enable the required sustenance of pressure and air. Moreover, participants are
increasingly focusing on development of more innovative materials to differentiate their
portfolio from the competitors and provide tailored solutions with enhanced safety and
versatility for the end users.
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Spacesuit market are poised for renaissance owing to increasing interests of
private sector roles in the space industry
Commercial space travel concept is among the key trend that is expected to transform
the industry landscape over the next decade. For instance, In May 2014, U.S. space
travel agency has partnered with a Japanese advertisement agency for endorsing its
future spaceflight missions. Commercial space travel offering companies will make
efforts to distinguish themselves by offering their products based on better capabilities,
aesthetics, and comfort. These factors will drive the demands for commercial grade
suits and fuel the spacesuit market growth over the forecast period.
EVA segment dominated the global industry share in 2016, owing to its necessary
applications in the space
These dominated the industry share by value primarily owing to the significant usage of
these suits for the examination and research operations. Moreover, these form
necessary inclusions in the space missions owing to probability of damage owing to
orbiting space debris. Owing to these requirements, EVA segment application is
anticipated to continue its dominance over the forecast period.
U.S. is expected to continue to dominate the global industry share owing to significant
advancement and large number of space related operations taking place in the country.
Other countries that include Russia, China, Japan, and India are expected to highly
contribute to the global demands over the next few years. High involvement of countries
in various space programs such as the launch of satellites and the availability of
potential opportunities to provide low-cost space missions, will propel the growth of the
spacesuit market.
Industry is largely characterized by the fragmented industry share owing to number of
players sharing the industry share. According to our analysis, the intensive competition
is expected to be largely characterized by the substantial development of new materials,
low overall weights, and high reliability of the suits. Advent of commercial space
companies further alleviate the competition and will drive the innovation in shortening
the design cycles, computer simulations, 3D printing, and product durability. Chief
industry participants in the industry include Boeing, ILC Dover, David Clark,
Oceaneering International, NPP Zvezda, Final Frontier Design, Pacific Spaceflight,
Austrian Space Forum (OeWF), and UTC Aerospace Systems.
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Spacesuit Market report categorizes global market on the basis of product, design, and application - Global Industry Insights, Trends, Outlook, and Opportunity Analysis, 2017–2025

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