Market Size of Astronaut Space Suits Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| CAGR | > 2.00 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | North America |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Need a report that reflects how COVID-19 has impacted this market and its growth?
Astronaut Space Suits Market Analysis
The Astronaut Space Suits Market is projected to register a CAGR of more than 2% during the forecast period (2022 - 2027).
The COVID-19 pandemic had a minor impact on the space industry, and consequently, the impact on the astronaut space suits market was relatively low. Although the progress in the space exploration activities halted for a brief period in 2020, most of the activities resumed by the end of the year, and no major delays in space programs were witnessed in the year 2021.
The increasing investments in deep space human exploration programs by countries like the United States, China, India, and Russia, are anticipated to generate demand for space suits during the forecast period. Also, the development of new and advanced spacesuits with advanced materials for low weight and enhanced mobility is expected to accelerate the growth of the market in the coming years.
Astronaut Space Suits Industry Segmentation
Space suits protect the astronauts from the hostile environment of space, i.e., against radiation, temperatures, and pressures. The market study is segmented by Type into IVA Suits and EVA Suits. Intra Vehicular Activity (IVA) suits are used for applications within the pressure-moderated environment inside the spacecraft while Extra-Vehicular Activity (EVA) suits are used for applications outside of the spacecraft like external space walks and repairs outside the spacecraft. The report also offers the market sizes and forecasts for the astronaut space suits market across the major regions in the world. For each segment, the market sizes and forecasts are represented by value (USD billion).
| Type | |
| IVA Suits | |
| EVA Suits |
| Geography | |
| North America | |
| Europe | |
| Asia-Pacific | |
| Rest of the World |
Astronaut Space Suits Market Size Summary
The astronaut space suits market is poised for steady growth, driven by increasing investments in deep space human exploration programs by major countries such as the United States, China, India, and Russia. The market is characterized by the development of advanced spacesuits that incorporate new materials to enhance mobility and reduce weight. The extravehicular activity (EVA) suits segment currently leads the market, providing essential environmental protection, communication, mobility, and life support for astronauts during spacewalks. Despite minor setbacks due to incidents like faulty EVA suits, ongoing advancements and partnerships, such as NASA's collaboration with Axiom Space and Collins Aerospace, are expected to propel market growth. These developments are crucial for upcoming missions, including lunar explorations and preparations for human missions to Mars.
The Asia-Pacific region is anticipated to experience the highest growth rate in the astronaut space suits market, fueled by ambitious human space exploration plans in countries like China, Japan, and India. China's construction of a space station and plans for lunar exploration, along with India's Gaganyaan mission, are significant contributors to the demand for both IVA and EVA suits. International collaborations, such as India's partnership with Russia for the Gaganyaan mission, are expected to broaden the market's user base. The market is consolidated, with key players like Collins Aerospace, Final Frontier Design, and The Boeing Company leading the development of next-generation spacesuits. These companies are focusing on enhancing suit capabilities for specific missions, which is likely to expand their global presence in the evolving space exploration landscape.
Astronaut Space Suits Market Size - Table of Contents
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1. MARKET DYNAMICS
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1.1 Market Overview
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1.2 Market Drivers
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1.3 Market Restraints
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1.4 Porter's Five Forces Analysis
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1.4.1 Threat of New Entrants
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1.4.2 Bargaining Power of Buyers/Consumers
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1.4.3 Bargaining Power of Suppliers
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1.4.4 Threat of Substitute Products
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1.4.5 Intensity of Competitive Rivalry
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2. MARKET SEGMENTATION
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2.1 Type
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2.1.1 IVA Suits
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2.1.2 EVA Suits
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2.2 Geography
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2.2.1 North America
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2.2.2 Europe
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2.2.3 Asia-Pacific
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2.2.4 Rest of the World
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Astronaut Space Suits Market Size FAQs
What is the current Astronaut Space Suits Market size?
The Astronaut Space Suits Market is projected to register a CAGR of greater than 2% during the forecast period (2024-2029)
Who are the key players in Astronaut Space Suits Market?
Collins Aerospace, Final Frontier Design, The Boeing Company, David Clark Company and NPP Zvezda are the major companies operating in the Astronaut Space Suits Market.
