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The spacesuit market is estimated to grow at a CAGR of 8.28% between 2022 and 2027. The size of the market is forecast to increase by USD 183.94 million. The growth of the market depends on several factors, including the implementation of 3D printing technologies, preference for advanced materials, and priority for establishing enhanced connectivity systems.
This report extensively covers market segmentation by product (hybrid suits, hard-shell suits, and soft-shell suits), type (EVA suits and IVA suits), and geography (North America, Europe, APAC, Middle East and Africa, and South America). It also includes an in-depth analysis of drivers, trends, and challenges. Furthermore, the report consists of historic market data from 2017 to 2021.
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Technavio categorizes the global spacesuit market as a part of the global aerospace and defense market within the global capital goods market. The global aerospace and defense market covers products and companies engaged in the production of aerial platforms used under commercial and general aviation; defense platforms used under naval, land, and air domains, arms and ammunition; defense electronics, defense logistics equipment; and space platforms, equipment, and launch vehicles. Our research report has extensively covered external factors influencing the parent market growth during the forecast period.
The priority for establishing enhanced connectivity systems is notably driving the market growth, although factors such as limited consumers may impede the market growth. Our researchers analyzed the data with 2022 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.
Key Spacesuit Market Driver
The priority for establishing enhanced connectivity systems is notably driving the astronaut space suit market growth. Space agencies prioritize the augmentation of digital and connectivity synthesis between the Earth, astronauts, and space, which, in turn, has necessitated the enhancement of hardware that facilitates connectivity to ensure uninterrupted transmission of information between the senders and receivers or vice versa. The enhancement of spacesuit connectivity has become a significant priority for commercial operators who pursue a competitive advantage to attract customers in the limited marketplace. The high-speed global positioning system (GPS) and Wi-Fi can transmit the spacecraft and location-related data to the astronauts. They can impart instructions to the support teams on the Earth or spacecraft using augmented reality technology.
Astronauts conventionally wear communication carrier assembly (CCA), also called Snoopy cap, which comprises earphones and microphones under the head assembly of spacesuits. Using CCA, astronauts communicate with the rest of the crew and can hear cautions and warnings. NASA has been engaging in multiple projects focused on developing next-generation communication support systems. The integration of new-generation communication protocol is also anticipated to create opportunities for spacesuit designers, especially in developing next-generation CCA that are lightweight and technologically advanced. Therefore, such changes are likely to drive the demand for spacesuits during the forecast period.
Significant Spacesuit Market Trend
Investments in the development of wearable tech glasses are emerging trends in the market. There has been a growing preference for incorporating smart technology or augmented reality solutions in many aerospace and defense applications. Space agencies have prioritized development efforts concerning the technologies mentioned above. For instance, in 2015, NASA teamed up with a US-based technology provider, Osterhout Design Group, for the design and development of smart glasses for astronauts, which are used for terrestrial and space-based activities. Osterhout Design Group has already developed and tested wearable virtual reality glasses for commercial and defense aircraft pilots.
The effective deployment of such technologies is anticipated to generate a significant competitive advantage for future space tourism stakeholders. The deployment of such HUDs will allow the wearer to access flight data and information, specifically as per their (customer) area of interest. This could be a desirable product for customers of futuristic space tourism services. Therefore, the market for spacesuits is anticipated to be driven by rising investments in the creation of wearable technology glasses during the forecast period.
Major Spacesuit Market Challenge
The limited consumers are a major challenge impeding market growth. The market dynamics of the global market are highly consolidated with limited customers such as ROSCOSMOS and NASA. As the market has very few customers, the dominance of customers is very high, resulting in a challenge for vendors, especially in terms of diversifying their customer base with diverse product segments. Owing to the limited number of customers, the demand for spacesuits in any individual year is not very significant, limiting the unit production rate and resulting in a low rate of return.
Furthermore, since the aerospace industry has stringent regulatory norms, it becomes challenging for private entities to enter the industry as space missions are largely carried out by state-owned space agencies that could otherwise become the potential customers of spacesuits. Therefore, vendors offering spacesuits are not anticipated to achieve economies of scale, which in turn, will hinder the astronaut space suit market growth during the forecast period.
Key Spacesuit Market Customer Landscape
The report includes the adoption lifecycle of the market, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies.
Global Spacesuit Market Customer Landscape
Vendors are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.
Axiom Space Inc. - The company operates under one segment. The company under this segment operates missions to the International Space Station for customers, including space agencies and individuals. The key offerings of the company include exploration extravehicular activity service spacesuits.
The report also includes detailed analyses of the competitive landscape of the market and information about 10 market vendors, including:
Qualitative and quantitative analysis of vendors has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize vendors as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize vendors as dominant, leading, strong, tentative, and weak.
The market share growth by the hybrid suits segment will be significant during the forecast period. Hybrid suits combine hard- and soft-shell elements to gain the advantages of both. Many of the contemporary EVA suit designs take a hybrid approach. For instance, the NASA EMU EVA suit on the ISS has a lower torso, arms, and legs that are soft-shelled to improve maneuverability.
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The hybrid suits segment was valued at USD 133.74 million in 2017 and continued to grow until 2021. The suggested hybrid and intelligent spacesuits are built on the principles of improving dexterity and motion, reparability, and sensor integration to communicate with the environment and identify spacesuit degradation. The proposed hybrid technology will enhance dexterity, comfort, and a sense of normalcy to enable scientific and exploration operations on planetary missions like those envisaged on Mars's surface by integrating full-body soft-robotic components into the gas-pressurized spacesuit. Such elements are predicted to increase demand for hybrid spacesuits, which in turn, will boost the market growth during the forecast period.
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North America is estimated to contribute 54% to the growth of the global market during the forecast period. Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.
North America generates the highest demand for satellite services globally, with the US, Canada, and Mexico being the region's major markets for space-based programs. These countries have advanced infrastructures and are involved in various space programs. Along with private entities, NASA is developing new human-crewed spacecraft and reusable satellite launch vehicles that will be able to transport astronauts and private citizens to space on successive occasions. Such emerging developments will nurture the regional market during the forecast period while channelizing substantial investments both for the development and procurement of new-generation spacesuits.
NASA has been developing advanced spacesuits for future human-crewed space missions by collaborating with private companies like Boeing and ILC Dover. NASA and ILC Dover are engaged in the development of Tron spacesuits (Z-2), which will enhance the deep space exploration capabilities of astronauts by incorporating advanced technologies like water evaporation systems and regenerable carbon dioxide removal systems. Such spacesuits ensure more efficiency for the crew, especially in terms of the breathing process and temperature regulation. Unlike the conventional spacesuits (separate pants and torso section), these new-generation spacesuits will be single-piece ones and can be worn by the astronauts from the rear hatch entry. Therefore, developments like these will also drive regional market growth during the forecast period.
The COVID-19 pandemic in 2020 had an adverse impact on the regional market. However, the regional spacesuit supply chain activities resumed by the end of 2020. The aerospace and defense industry was contacted for new spacesuits in August 2021 by NASA Johnson Space Center. Elon Musk proposed SpaceX assistance in August 2021 to assist NASA in producing its next-generation spacesuits, which will cost more than USD 1 billion. As a result, the demand for spacesuits in the regional market will increase during the forecast period. Hence, it is anticipated that the regional will expand during the forecast period.
The report forecasts market growth by revenue at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2017 to 2027.
Spacesuit Market Scope |
|
Report Coverage |
Details |
Page number |
157 |
Base year |
2022 |
Historic period |
2017-2021 |
Forecast period |
2023-2027 |
Growth momentum & CAGR |
Accelerate at a CAGR of 8.28% |
Market growth 2023-2027 |
USD 183.94 million |
Market structure |
Fragmented |
YoY growth 2022-2023(%) |
7.56 |
Regional analysis |
North America, Europe, APAC, Middle East and Africa, and South America |
Performing market contribution |
North America at 54% |
Key countries |
US, Canada, China, Russia, and UK |
Competitive landscape |
Leading Vendors, Market Positioning of Vendors, Competitive Strategies, and Industry Risks |
Key companies profiled |
Axiom Space Inc., David Clark Co., Global Effects Inc., ILC Dover LP, Oceaneering International Inc., Osterreichisches Weltraum Forum, PACIFIC SPACEFLIGHT, Raytheon Technologies Corp., Rostec, 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 recovery analysis and future consumer dynamics, and 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. |
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