Global Spacesuit Market Growth, Share, Size, Trends and Forecast (2024 - 2030)

By Application;

Intravehicular Activity and Extravehicular Activity.

By Product;

New Space Suits and Refurbishment.

By Type;

Soft Suits, Hard Suits, Hybrid Suits, and Skintight Suits.

By Weight;

Up to 50 kg, 50 to 100 kg, and Above 100 kg.

By Geography;

North America, Europe, Asia Pacific, Middle East and Africa and Latin America - Report Timeline (2020 - 2030).
Report ID: Rn599281366 Published Date: March, 2024 Updated Date: April, 2024

Introduction

Global Spacesuit Market (USD Million), 2020 - 2030

In the year 2023, the Global Spacesuit Market was valued at USD 576.57 million. The size of this market is expected to increase to USD 2,153.66 million by the year 2030, while growing at a Compounded Annual Growth Rate (CAGR) of 20.7%.

Space suits play a crucial role in ensuring the safety and functionality of astronauts during space missions, whether traveling in space or performing extravehicular activities (EVAs) outside the spacecraft. Categorized into two main types based on their application, Intravehicular Activity (IVA) suits and Extravehicular Activity (EVA) suits, these specialized garments provide astronauts with the necessary life support systems, mobility, and protection required for different tasks and environments. IVA suits are worn inside the spacecraft under pressurized conditions, allowing astronauts to operate comfortably within the controlled environment of the vehicle. On the other hand, EVA suits are specifically designed for use during activities conducted outside the spacecraft, providing astronauts with the necessary protection against the vacuum of space, extreme temperatures, and other hazards encountered during spacewalks or maintenance tasks.

The global COVID-19 pandemic has had a profound impact on various industries, including the space suits market, leading to lower-than-anticipated demand across all regions compared to pre-pandemic levels. The pandemic-induced disruptions, such as travel restrictions, supply chain disruptions, and economic uncertainties, have affected space exploration activities and mission timelines, resulting in reduced demand for space suits during the period. As a result, the global market for space suits experienced a decline of 21.57% in 2020 compared to the previous year, reflecting the challenges faced by the industry amid the ongoing pandemic.

Despite the challenges posed by the COVID-19 pandemic, the demand for space suits is expected to rebound as space exploration activities resume and new missions are planned. With the gradual recovery of the global economy and continued investments in space exploration by governments and private entities, the market for space suits is poised to recover and witness growth in the coming years. As space agencies and companies continue to pursue ambitious goals in space exploration, the need for reliable, innovative, and technologically advanced space suits remains essential to ensure the safety and success of astronauts during their missions beyond Earth's atmosphere.

  1. Introduction
    1. Research Objectives and Assumptions
    2. Research Methodology
    3. Abbreviations
  2. Market Definition & Study Scope
  3. Executive Summary
    1. Market Snapshot, By Application
    2. Market Snapshot, By Product
    3. Market Snapshot, By Type
    4. Market Snapshot, By Weight
    5. Market Snapshot, By Region
  4. Global Spacesuit Market Dynamics
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. Increased Awareness of Space Hazards
        2. Growing Commercial Space Sector
        3. Increasing Demand for Crewed Commercial Spaceflight
        4. Rise in Investments in Crewed Space Missions
      2. Restraints
        1. Technical Challenges and Complexity
        2. Regulatory and Safety Standards
        3. Dependence on Space Exploration Activities
        4. Higher Maintenance Costs of Space Suit
      3. Opportunities
        1. The Integration of New-generation Communication Protocol
        2. Growth in Space Tourism
        3. Rise in Construction of Space Stations
        4. Advancements in Space Technology
    2. PEST Analysis
      1. Political Analysis
      2. Economic Analysis
      3. Social Analysis
      4. Technological Analysis
    3. Porter's Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of Substitutes
      4. Threat of New Entrants
      5. Competitive Rivalry
  5. Market Segmentation
    1. Global Spacesuit Market, By Application, 2020 - 2030 (USD Million)
      1. Intravehicular Activity (IVA)
      2. Extravehicular Activity (EVA)
    2. Global Spacesuit Market, By Product, 2020 - 2030 (USD Million)
      1. New Space Suits
      2. Refurbishment
    3. Global Spacesuit Market, By Type, 2020 - 2030 (USD Million)
      1. Soft Suits
      2. Hard Suits
      3. Hybrid Suits
      4. Skintight Suits
    4. Global Spacesuit Market, By Weight, 2020 - 2030 (USD Million)
      1. Up to 50 kg
      2. 50 to 100 kg
      3. Above 100 kg
    5. Global Spacesuit Market, By Geography, 2020 - 2030 (USD Million)
      1. North America
        1. United States
        2. Canada
      2. Europe
        1. Germany
        2. United Kingdom
        3. France
        4. Italy
        5. Spain
        6. Nordic
        7. Benelux
        8. Rest of Europe
      3. Asia Pacific
        1. Japan
        2. China
        3. India
        4. Australia & New Zealand
        5. South Korea
        6. ASEAN (Association of South East Asian Countries)
        7. Rest of Asia Pacific
      4. Middle East & Africa
        1. GCC
        2. Israel
        3. South Africa
        4. Rest of Middle East & Africa
      5. Latin America
        1. Brazil
        2. Mexico
        3. Argentina
        4. Rest of Latin America
  6. Competitive Landscape
    1. Company Profiles
      1. Austrian Space Forum
      2. David Clark Company
      3. Final Frontier Design
      4. Garrett AiResearch
      5. NPP Zvezda
      6. Oceaneering International
      7. Space Exploration Technologies Corp
      8. Sure Safety India Ltd
  7. Analyst Views
  8. Future Outlook of the Market

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