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.
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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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.
Spacesuit Market Taxonomy
On the basis of product, the global spacesuit market is classified into:
Low Pressure Spacesuit
On the basis of designs, the global spacesuit market is classified into:
On the basis of application, the global spacesuit market is classified into:
Extravehicular activity (EVA)
Intravehicular activity (IVA)
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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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