PUBLISHER: Stratistics Market Research Consulting | PRODUCT CODE: 1273264
PUBLISHER: Stratistics Market Research Consulting | PRODUCT CODE: 1273264
Space Suits Market Forecasts to 2028 - Global Analysis By Type, Product, Application, Weight, End User and By Geography
According to Stratistics MRC, the Global Space Suits Market is accounted for $168.3 million in 2022 and is expected to reach $1071.6 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
- US
- Canada
- Mexico
- Europe
- Germany
- UK
- Italy
- France
- Spain
- Rest of Europe
- Asia Pacific
- Japan
- China
- India
- Australia
- New Zealand
- South Korea
- Rest of Asia Pacific
- South America
- Argentina
- Brazil
- Chile
- Rest of South America
- Middle East & Africa
- Saudi Arabia
- UAE
- Qatar
- South Africa
- 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
- Comprehensive profiling of additional market players (up to 3)
- SWOT Analysis of key players (up to 3)
- Regional Segmentation
- Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
- Competitive Benchmarking
- 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
- Table 1 Global Space Suits Market Outlook, By Region (2020-2028) ($MN)
- Table 2 Global Space Suits Market Outlook, By Type (2020-2028) ($MN)
- Table 3 Global Space Suits Market Outlook, By Hard Suits (2020-2028) ($MN)
- Table 4 Global Space Suits Market Outlook, By Soft Suits (2020-2028) ($MN)
- Table 5 Global Space Suits Market Outlook, By Hybrid Suits (2020-2028) ($MN)
- Table 6 Global Space Suits Market Outlook, By Skintight Suits (2020-2028) ($MN)
- Table 7 Global Space Suits Market Outlook, By Product (2020-2028) ($MN)
- Table 8 Global Space Suits Market Outlook, By New Space Suits (2020-2028) ($MN)
- Table 9 Global Space Suits Market Outlook, By Refurbishment (2020-2028) ($MN)
- Table 10 Global Space Suits Market Outlook, By Application (2020-2028) ($MN)
- Table 11 Global Space Suits Market Outlook, By Extravehicular Activity (2020-2028) ($MN)
- Table 12 Global Space Suits Market Outlook, By Intravehicular Activity (2020-2028) ($MN)
- Table 13 Global Space Suits Market Outlook, By Weight (2020-2028) ($MN)
- Table 14 Global Space Suits Market Outlook, By Up to 50 kg (2020-2028) ($MN)
- Table 15 Global Space Suits Market Outlook, By 50 to 100 kg (2020-2028) ($MN)
- Table 16 Global Space Suits Market Outlook, By Above 100 kg (2020-2028) ($MN)
- Table 17 Global Space Suits Market Outlook, By End User (2020-2028) ($MN)
- Table 18 Global Space Suits Market Outlook, By Spaceflight mission (2020-2028) ($MN)
- Table 19 Global Space Suits Market Outlook, By Training (2020-2028) ($MN)
- Table 20 North America Space Suits Market Outlook, By Country (2020-2028) ($MN)
- Table 21 North America Space Suits Market Outlook, By Type (2020-2028) ($MN)
- Table 22 North America Space Suits Market Outlook, By Hard Suits (2020-2028) ($MN)
- Table 23 North America Space Suits Market Outlook, By Soft Suits (2020-2028) ($MN)
- Table 24 North America Space Suits Market Outlook, By Hybrid Suits (2020-2028) ($MN)
- Table 25 North America Space Suits Market Outlook, By Skintight Suits (2020-2028) ($MN)
- Table 26 North America Space Suits Market Outlook, By Product (2020-2028) ($MN)
- Table 27 North America Space Suits Market Outlook, By New Space Suits (2020-2028) ($MN)
- Table 28 North America Space Suits Market Outlook, By Refurbishment (2020-2028) ($MN)
- Table 29 North America Space Suits Market Outlook, By Application (2020-2028) ($MN)
- Table 30 North America Space Suits Market Outlook, By Extravehicular Activity (2020-2028) ($MN)
- Table 31 North America Space Suits Market Outlook, By Intravehicular Activity (2020-2028) ($MN)
- Table 32 North America Space Suits Market Outlook, By Weight (2020-2028) ($MN)
- Table 33 North America Space Suits Market Outlook, By Up to 50 kg (2020-2028) ($MN)
- Table 34 North America Space Suits Market Outlook, By 50 to 100 kg (2020-2028) ($MN)
- Table 35 North America Space Suits Market Outlook, By Above 100 kg (2020-2028) ($MN)
- Table 36 North America Space Suits Market Outlook, By End User (2020-2028) ($MN)
- Table 37 North America Space Suits Market Outlook, By Spaceflight mission (2020-2028) ($MN)
- Table 38 North America Space Suits Market Outlook, By Training (2020-2028) ($MN)
- Table 39 Europe Space Suits Market Outlook, By Country (2020-2028) ($MN)
- Table 40 Europe Space Suits Market Outlook, By Type (2020-2028) ($MN)
- Table 41 Europe Space Suits Market Outlook, By Hard Suits (2020-2028) ($MN)
- Table 42 Europe Space Suits Market Outlook, By Soft Suits (2020-2028) ($MN)
- Table 43 Europe Space Suits Market Outlook, By Hybrid Suits (2020-2028) ($MN)
- Table 44 Europe Space Suits Market Outlook, By Skintight Suits (2020-2028) ($MN)
- Table 45 Europe Space Suits Market Outlook, By Product (2020-2028) ($MN)
- Table 46 Europe Space Suits Market Outlook, By New Space Suits (2020-2028) ($MN)
- Table 47 Europe Space Suits Market Outlook, By Refurbishment (2020-2028) ($MN)
- Table 48 Europe Space Suits Market Outlook, By Application (2020-2028) ($MN)
- Table 49 Europe Space Suits Market Outlook, By Extravehicular Activity (2020-2028) ($MN)
- Table 50 Europe Space Suits Market Outlook, By Intravehicular Activity (2020-2028) ($MN)
- Table 51 Europe Space Suits Market Outlook, By Weight (2020-2028) ($MN)
- Table 52 Europe Space Suits Market Outlook, By Up to 50 kg (2020-2028) ($MN)
- Table 53 Europe Space Suits Market Outlook, By 50 to 100 kg (2020-2028) ($MN)
- Table 54 Europe Space Suits Market Outlook, By Above 100 kg (2020-2028) ($MN)
- Table 55 Europe Space Suits Market Outlook, By End User (2020-2028) ($MN)
- Table 56 Europe Space Suits Market Outlook, By Spaceflight mission (2020-2028) ($MN)
- Table 57 Europe Space Suits Market Outlook, By Training (2020-2028) ($MN)
- Table 58 Asia Pacific Space Suits Market Outlook, By Country (2020-2028) ($MN)
- Table 59 Asia Pacific Space Suits Market Outlook, By Type (2020-2028) ($MN)
- Table 60 Asia Pacific Space Suits Market Outlook, By Hard Suits (2020-2028) ($MN)
- Table 61 Asia Pacific Space Suits Market Outlook, By Soft Suits (2020-2028) ($MN)
- Table 62 Asia Pacific Space Suits Market Outlook, By Hybrid Suits (2020-2028) ($MN)
- Table 63 Asia Pacific Space Suits Market Outlook, By Skintight Suits (2020-2028) ($MN)
- Table 64 Asia Pacific Space Suits Market Outlook, By Product (2020-2028) ($MN)
- Table 65 Asia Pacific Space Suits Market Outlook, By New Space Suits (2020-2028) ($MN)
- Table 66 Asia Pacific Space Suits Market Outlook, By Refurbishment (2020-2028) ($MN)
- Table 67 Asia Pacific Space Suits Market Outlook, By Application (2020-2028) ($MN)
- Table 68 Asia Pacific Space Suits Market Outlook, By Extravehicular Activity (2020-2028) ($MN)
- Table 69 Asia Pacific Space Suits Market Outlook, By Intravehicular Activity (2020-2028) ($MN)
- Table 70 Asia Pacific Space Suits Market Outlook, By Weight (2020-2028) ($MN)
- Table 71 Asia Pacific Space Suits Market Outlook, By Up to 50 kg (2020-2028) ($MN)
- Table 72 Asia Pacific Space Suits Market Outlook, By 50 to 100 kg (2020-2028) ($MN)
- Table 73 Asia Pacific Space Suits Market Outlook, By Above 100 kg (2020-2028) ($MN)
- Table 74 Asia Pacific Space Suits Market Outlook, By End User (2020-2028) ($MN)
- Table 75 Asia Pacific Space Suits Market Outlook, By Spaceflight mission (2020-2028) ($MN)
- Table 76 Asia Pacific Space Suits Market Outlook, By Training (2020-2028) ($MN)
- Table 77 South America Space Suits Market Outlook, By Country (2020-2028) ($MN)
- Table 78 South America Space Suits Market Outlook, By Type (2020-2028) ($MN)
- Table 79 South America Space Suits Market Outlook, By Hard Suits (2020-2028) ($MN)
- Table 80 South America Space Suits Market Outlook, By Soft Suits (2020-2028) ($MN)
- Table 81 South America Space Suits Market Outlook, By Hybrid Suits (2020-2028) ($MN)
- Table 82 South America Space Suits Market Outlook, By Skintight Suits (2020-2028) ($MN)
- Table 83 South America Space Suits Market Outlook, By Product (2020-2028) ($MN)
- Table 84 South America Space Suits Market Outlook, By New Space Suits (2020-2028) ($MN)
- Table 85 South America Space Suits Market Outlook, By Refurbishment (2020-2028) ($MN)
- Table 86 South America Space Suits Market Outlook, By Application (2020-2028) ($MN)
- Table 87 South America Space Suits Market Outlook, By Extravehicular Activity (2020-2028) ($MN)
- Table 88 South America Space Suits Market Outlook, By Intravehicular Activity (2020-2028) ($MN)
- Table 89 South America Space Suits Market Outlook, By Weight (2020-2028) ($MN)
- Table 90 South America Space Suits Market Outlook, By Up to 50 kg (2020-2028) ($MN)
- Table 91 South America Space Suits Market Outlook, By 50 to 100 kg (2020-2028) ($MN)
- Table 92 South America Space Suits Market Outlook, By Above 100 kg (2020-2028) ($MN)
- Table 93 South America Space Suits Market Outlook, By End User (2020-2028) ($MN)
- Table 94 South America Space Suits Market Outlook, By Spaceflight mission (2020-2028) ($MN)
- Table 95 South America Space Suits Market Outlook, By Training (2020-2028) ($MN)
- Table 96 Middle East & Africa Space Suits Market Outlook, By Country (2020-2028) ($MN)
- Table 97 Middle East & Africa Space Suits Market Outlook, By Type (2020-2028) ($MN)
- Table 98 Middle East & Africa Space Suits Market Outlook, By Hard Suits (2020-2028) ($MN)
- Table 99 Middle East & Africa Space Suits Market Outlook, By Soft Suits (2020-2028) ($MN)
- Table 100 Middle East & Africa Space Suits Market Outlook, By Hybrid Suits (2020-2028) ($MN)
- Table 101 Middle East & Africa Space Suits Market Outlook, By Skintight Suits (2020-2028) ($MN)
- Table 102 Middle East & Africa Space Suits Market Outlook, By Product (2020-2028) ($MN)
- Table 103 Middle East & Africa Space Suits Market Outlook, By New Space Suits (2020-2028) ($MN)
- Table 104 Middle East & Africa Space Suits Market Outlook, By Refurbishment (2020-2028) ($MN)
- Table 105 Middle East & Africa Space Suits Market Outlook, By Application (2020-2028) ($MN)
- Table 106 Middle East & Africa Space Suits Market Outlook, By Extravehicular Activity (2020-2028) ($MN)
- Table 107 Middle East & Africa Space Suits Market Outlook, By Intravehicular Activity (2020-2028) ($MN)
- Table 108 Middle East & Africa Space Suits Market Outlook, By Weight (2020-2028) ($MN)
- Table 109 Middle East & Africa Space Suits Market Outlook, By Up to 50 kg (2020-2028) ($MN)
- Table 110 Middle East & Africa Space Suits Market Outlook, By 50 to 100 kg (2020-2028) ($MN)
- Table 111 Middle East & Africa Space Suits Market Outlook, By Above 100 kg (2020-2028) ($MN)
- Table 112 Middle East & Africa Space Suits Market Outlook, By End User (2020-2028) ($MN)
- Table 113 Middle East & Africa Space Suits Market Outlook, By Spaceflight mission (2020-2028) ($MN)
- Table 114 Middle East & Africa Space Suits Market Outlook, By Training (2020-2028) ($MN)
