Space Habitat Market by Technology and Geography - Forecast and Analysis 2021-2025

  • Published: Nov 2021
  • Pages: 120
  • SKU: IRTNTR44808
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The space habitat market share is expected to increase by USD 94.92 million from 2020 to 2025, and the market’s growth momentum will accelerate at a CAGR of 8.41%.

This space habitat market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers space habitat market segmentation by technology (inflatable and non-inflatable) and geography (North America, Europe, APAC, and ROW). The space habitat market report also offers information on several market vendors, including AI SpaceFactory, Bigelow Aerospace LLC, Foster + Partners Group Ltd., Instarz LLC, Lockheed Martin Corp., Maxar Technologies Inc., NANORACKS, Northrop Grumman Corp., Sierra Nevada Corp., and The Boeing Co. among others.

What will the Space Habitat Market Size be During the Forecast Period?

Download the Free Report Sample to Unlock the Space Habitat Market Size for the Forecast Period and Other Important Statistics

 

Space Habitat Market: Key Drivers and Trends

The adoption of reusable launch vehicles is notably driving the space habitat market growth, although factors such as insufficient infrastructure and integrated technology for space colonization may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the space habitat industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key Space Habitat Market Driver

One of the key factors driving growth in the space habitat market is the adoption of reusable launch vehicles. Reusable launch vehicles are systems that launch the space vehicle out of the atmosphere and can be reused for subsequent launches. This saves significant cost, time, resources, and effort as a new launch system does not need to be designed and built for subsequent launches. The systems are used for resupplying resources for the ISS. As the rockets are already tested for functionality and design, no catastrophic failures occur with respect to the prototype. The prototype decreases the error rate of the rocket, and the probability of a successful launch is higher in a reused rocket compared to an expendable rocket. Reusable launch vehicles are undergoing extensive technological advances as they are considered affordable and viable technology.

Key Space Habitat Market Challenge

The insufficient infrastructure and integrated technology for space colonization will be a major challenge for the space habitat market during the forecast period. The atmosphere, pressure, climatic conditions, gravitational pull, and food production are some of the factors that must be considered for building the right infrastructure that ensures the sustainment of human settlement. Resources such as water, food, oxygen, etc., must be resupplied on a timely basis from Earth to sustain human settlements. However, the efforts, costs, and time involved in resupplying the required resources are high and not feasible. A delay in resupplying the required material will pose significant risks for human survival. The lack of appropriate infrastructure to accommodate human settlement will hinder the progress of space colonization.

This space habitat market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2021-2025.

Who are the Major Space Habitat Market Vendors?

The report analyzes the market’s competitive landscape and offers information on several market vendors, including:

 

  • AI SpaceFactory
  • Bigelow Aerospace LLC
  • Foster + Partners Group Ltd.
  • Instarz LLC
  • Lockheed Martin Corp.
  • Maxar Technologies Inc.
  • NANORACKS
  • Northrop Grumman Corp.
  • Sierra Nevada Corp.
  • The Boeing Co.

 

This statistical study of the space habitat market encompasses successful business strategies deployed by the key vendors. The space habitat market is concentrated and the vendors are deploying various organic and inorganic growth strategies to compete in the market.

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The space habitat market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies. 

Which are the Key Regions for Space Habitat Market?

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60% of the market’s growth will originate from North America during the forecast period. The US is the key market for space habitat in North America. However, the market growth rate in this region will be slower than the growth of the market in the European and APAC regions.

The evolution of space tourism concepts will facilitate the space habitat market growth in North America over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

What are the Revenue-generating Technology Segments in the Space Habitat Market?

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The space habitat market share growth by the inflatable segment will be significant during the forecast period. Inflatable space habitat is a conventional technology that poses lower risks in terms of its (space habitat) design and has a higher probability of success. Even though the rigid structure of the spacecraft makes it heavier, the structural design of the space habitat is more reliable, making it a preferred option for space organizations.

This report provides an accurate prediction of the contribution of all the segments to the growth of the space habitat market size and actionable market insights on post COVID-19 impact on each segment.

 

Space Habitat Market Scope

Report Coverage

Details

Page number

120

Base year

2020

Forecast period

2021-2025

Growth momentum & CAGR

Accelerate at a CAGR of 8.41%

Market growth 2021-2025

$ 94.92 million

Market structure

Concentrated

YoY growth (%)

6.97

Regional analysis

North America, Europe, APAC, and ROW

Performing market contribution

North America at 60%

Key consumer countries

US, Russian Federation, China, UK, and Japan

Competitive landscape

Leading companies, Competitive strategies, Consumer engagement scope

Key companies profiled

AI SpaceFactory, Bigelow Aerospace LLC, Foster + Partners Group Ltd., Instarz LLC, Lockheed Martin Corp., Maxar Technologies Inc., NANORACKS, Northrop Grumman Corp., Sierra Nevada Corp., 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 recovery analysis and future consumer dynamics, Market condition analysis for the forecast period

Customization purview

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What are the Key Data Covered in this Space Habitat Market Report?

  • CAGR of the market during the forecast period 2021-2025
  • Detailed information on factors that will drive space habitat market growth during the next five years
  • Precise estimation of the space habitat market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the space habitat industry across North America, Europe, APAC, and ROW
  • A thorough analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of space habitat market vendors

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Executive Summary

  • Market Overview
  • Overview

Market Landscape

  • Market ecosystem
  • Value chain analysis

Market Sizing

  • Market definition
  • Market segment analysis
  • Market size 2020
  • Market outlook: Forecast for 2020 - 2025

Five Forces Analysis

  • Bargaining power of buyers
  • Bargaining power of suppliers
  • Threat of new entrants
  • Threat of substitutes
  • Threat of rivalry
  • Market condition

Market Segmentation by Technology

  • Market segments
  • Comparison by Technology
  • Inflatable - Market size and forecast 2020-2025
  • Non-inflatable - Market size and forecast 2020-2025
  • Market opportunity by Technology

Customer landscape

  • Overview

Geographic Landscape

  • Geographic segmentation
  • Geographic comparison
  • North America - Market size and forecast 2020-2025
  • Europe - Market size and forecast 2020-2025
  • APAC - Market size and forecast 2020-2025
  • ROW - Market size and forecast 2020-2025
  • Key leading countries
  • Market opportunity by geography
  • Market drivers
  • Market challenges
  • Market trends

Vendor Landscape

  • Overview
  • Landscape disruption

Vendor Analysis

  • Vendors covered
  • Market positioning of vendors
  • AI SpaceFactory
  • Bigelow Aerospace LLC
  • Foster + Partners Group Ltd.
  • Instarz LLC
  • Lockheed Martin Corp.
  • Maxar Technologies Inc.
  • NANORACKS
  • Northrop Grumman Corp.
  • Sierra Nevada Corp.
  • The Boeing Co.

Appendix

  • Scope of the report
  • Currency conversion rates for US$
  • Research methodology
  • List of abbreviations

Research Framework

Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

TechnavioINFORMATION SOURCES

Primary sources

  • Manufacturers and suppliers
  • Channel partners
  • Industry experts
  • Strategic decision makers

Secondary sources

  • Industry journals and periodicals
  • Government data
  • Financial reports of key industry players
  • Historical data
  • Press releases
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TechnavioDATA ANALYSIS

Data Synthesis

  • Collation of data
  • Estimation of key figures
  • Analysis of derived insights

Data Validation

  • Triangulation with data models
  • Reference against proprietary databases
  • Corroboration with industry experts
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TechnavioREPORT WRITING

Qualitative

  • Market drivers
  • Market challenges
  • Market trends
  • Five forces analysis

Quantitative

  • Market size and forecast
  • Market segmentation
  • Geographical insights
  • Competitive landscape
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The space habitat market growth will increase by $94.92 million during 2020-2025.
The space habitat market is expected to grow at a CAGR of 8.41% during 2020-2025.
Technavio has segmented the space habitat market by technology (Inflatable and Non-inflatable) and geographic (North America, Europe, APAC, and ROW).
AI SpaceFactory, Bigelow Aerospace LLC, Foster + Partners Group Ltd., Instarz LLC, Lockheed Martin Corp., Maxar Technologies Inc., NANORACKS, Northrop Grumman Corp., Sierra Nevada Corp., The Boeing Co. are a few of the key vendors in the space habitat market.
North America will register the highest growth rate of 59.78% among the other regions. Therefore, the space habitat market in North America is expected to garner significant business opportunities for the vendors during the forecast period.
  • US
  • Russian Federation
  • China
  • UK
  • Japan
The key factors driving the space habitat market growth are:
  • Adoption of reusable launch vehicles
The space habitat market vendors should focus on grabbing business opportunities from the inflatable segment as it accounted for the largest market share in the base year.
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