NEW YORK, Dec. 2, 2021 /PRNewswire/ -- The spacesuit market
potential will grow by USD 78.39 million from 2020 to
2025, as per the latest market analysis report by Technavio. The
report also predicts the market growth momentum to decelerate at a
CAGR of 6.40% during the forthcoming years. The
spacesuit market report covers insights on major trends, key growth
drivers, and challenges impacting the overall growth of the
market.
For more insights on CAGR or YOY
Growth, Read FREE Sample Report!
Market Driver Analysis
The spacesuit market report identifies the preference for
advanced materials as one of the major factors driving the growth
of the market. Manufacturers are using distinct types of advanced
materials in the design and development of next-generation
spacesuits, due to the complexity of surviving in
space. In addition, the implementation of 3D printing
technologies and priority for establishing enhanced connectivity
systems are other crucial factors anticipated to influence the
market growth positively during the forecast period.
Market Challenge Analysis
The spacesuit market is segmented by type (EVA suits and
IVA suits) and geography (North
America, Europe, APAC, MEA,
and South America). Extravehicular
activity (EVA) suits are worn by astronauts for activities outside
the external environment of the spacecraft, where the astronauts
are required to come out of the spacecraft. The growth
in the global spacesuit market is driven by the sales of EVA suits,
and the sales will continue to dominate the global market
throughout the forecast period. In terms of geography, North America will generate the highest
spacesuit market demand owing to the increased space-based programs
in the US, Canada, and
Mexico. NASA has been developing advanced spacesuits for
future human-crewed space missions by collaborating with private
companies like Boeing and ILC Dover to develop Tron spacesuits to
enhance the deep space exploration capabilities of astronauts.
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Market Scope Analysis
The spacesuit market covers the following areas:
Spacesuit Market Sizing
Spacesuit Market Forecast
Spacesuit Market Analysis
Companies Mentioned
- David Clark Co. Inc.
- Final Frontier Design
- ILC Dover LP
- NPP Zvezda
- Oceaneering International Inc.
- PACIFIC SPACEFLIGHT
- Raytheon Technologies Corp.
- Space Exploration Technologies Corp.
- Sure Safety (India) Ltd.
- The Boeing Co.
Related Reports:
Space Habitat Market by Technology and Geography - Forecast
and Analysis 2020-2024
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Spacesuit Market
Scope
|
Report
Coverage
|
Details
|
Page
number
|
120
|
Base year
|
2020
|
Forecast
period
|
2021-2025
|
Growth momentum &
CAGR
|
Decelerate at a CAGR
of 6.40%
|
Market growth
2021-2025
|
USD 78.39
million
|
Market
structure
|
Fragmented
|
YoY growth
(%)
|
8.97
|
Regional
analysis
|
North America,
Europe, APAC, MEA, and South America
|
Performing market
contribution
|
North America at
52%
|
Key consumer
countries
|
US, UK, France,
China, and Japan
|
Competitive
landscape
|
Leading companies,
competitive strategies, consumer engagement scope
|
Companies
profiled
|
David Clark Co. Inc.,
Final Frontier Design, ILC Dover LP, NPP Zvezda, Oceaneering
International Inc., PACIFIC SPACEFLIGHT, Raytheon Technologies
Corp., Space Exploration Technologies Corp., Sure Safety (India)
Ltd., and The Boeing Co.
|
Market
Dynamics
|
Parent market
analysis, Market growth inducers and obstacles, Fast-growing and
slow-growing segment analysis, COVID-19 impact and future consumer
dynamics, market condition analysis for the forecast
period
|
Customization
purview
|
If our report has not
included the data that you are looking for, you can reach out to
our analysts and get segments customized.
|
Key Topics Covered:
- Executive Summary
- Market Landscape
- Market Sizing
- Five Forces Analysis
- Market Segmentation by Type
- Customer landscape
- Geographic Landscape
- Vendor Landscape
- Vendor Analysis
- Appendix
About Us
Technavio is a leading global technology research and advisory
company. Their research and analysis focuses on emerging market
trends and provides actionable insights to help businesses identify
market opportunities and develop effective strategies to optimize
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relies on Technavio's comprehensive coverage, extensive research,
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existing and potential markets and assess their competitive
positions within changing market scenarios.
Contact
Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/
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SOURCE Technavio