Spacesuit Market Analysis

Global Spacesuit Market Overview

Spacesuit Market Size was valued at USD 0.15 billion in 2022. The spacesuit market industry is projected to grow from USD 0.2 Billion in 2023 to USD 1.2 billion by 2030, exhibiting a compound annual growth rate (CAGR) of 35.20% during the forecast period (2023 - 2030). Growing interest in commercial crewed spaceflight and growing investments in crewed space missions are the key market drivers enhancing the market growth.Source: Secondary Research, Primary Research, MRFR Database and Analyst Review

Spacesuit Market Trends

• Priority of building improved connectivity systems is significantly driving market growth

The importance of developing improved connectivity systems is noticeably boosting the market CAGR for space suits. Space agencies place a high priority on improving connection and digital synthesis between Earth, astronauts, and space. As a result, technology that supports connectivity has needed to be improved in order to assure continuous information transmission between senders and receivers or vice versa. Commercial operators who seek to gain a competitive edge to draw clients in the competitive market have made improving spacesuit connectivity a top aim.

Astronauts can get information about the spaceship and their current location via Wi-Fi and the high-speed GPS. They can use augmented reality technology to communicate instructions to the support crews on the Earth or in space.

Under the head assembly of their spacesuits, astronauts typically don the communication carrier assembly (CCA), sometimes known as the Snoopy cap and consisting of headphones and microphones. Astronauts are able to hear and communicate with the rest of the crew using CCA. NASA has been working on numerous initiatives aimed at creating advanced communication support systems. Opportunities for spacesuit designers are also projected to arise from the incorporation of next-generation communication protocols, particularly in the development of lightweight, cutting-edge CCA. Thus, during the projection period, such changes are anticipated to fuel the need for spacesuits.

For instance, in 2015, NASA collaborated with the US-based Osterhout Design Group, a technology company, on the design and development of smart glasses for astronauts. These glasses are utilized for both space-based and terrestrial operations. For pilots of both commercial and military aircraft, Osterhout Design Group has already created and tested a pair of wearable virtual reality glasses. Driving the spacesuit market's revenue growth.

Spacesuit Market Segment Insights

Spacesuit Application Insights

The Spacesuit Market segmentation, based on application includes intravehicular activity and extravehicular activity. In the anticipated time frame, the intravehicular activity segment is anticipated to grow the fastest. The growth of intravehicular activity (IVA) suits during the forecast period will be driven by the increase in commercial space flights offered by private companies like Space, Blue Origin, Boeing, Virgin Galactic, and many others. Because astronauts are performing more spacewalks, it is anticipated that the extravehicular activity (EVA) segment will expand more quickly. Due to its high costs and frequent use, the EVA segment commands the majority of the market.

Figure1: Spacesuit Market, by application, 2022 & 2030 (USD billion)

Source: Secondary Research, Primary Research, MRFR Database and Analyst Review

Spacesuit Design Insights

The Spacesuit Market segmentation, based on design, includes, soft suits, hard-shell suits, hybrid suits and skin-tight suits. Hybrid suits commanded the largest market share in 2021, dominating the industry. Having the benefits of both soft and hard suits, a hybrid suit is adaptable. It is predicted that the market's fastest-growing segment will be hybrid suits. Due to their advantages, such as their light weight, increased flexibility, and ability to be made to fit a specific person, skintight suits have recently become more popular in the world of digital threats.

Spacesuit Regional Insights

By Region, the study provides the market insights into North America, Europe, Asia-Pacific and Rest of the World. In terms of revenue share, North America dominated the worldwide spacesuit market in 2020. For the predicted period, the region is expected to maintain its dominance. This is due to increased space exploration operations and the development of new technology for human spaceflight projects, such as commercial crew vehicles (CCVs) and low-Earth orbit commercial cargo missions (LEO). Furthermore, the existence of significant enterprises involved in providing NASA with spacesuits would stimulate regional growth.

Further, the major countries studied in the market report are The U.S., Canada, German, France, the UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil.

Figure2: SPACESUIT MARKET SHARE BY REGION 2022 (%)

Source: Secondary Research, Primary Research, MRFR Database and Analyst Review

Europe’s spacesuit market accounts for the second-largest market share due to increases in funding for space exploration and the creation of new technology for human spaceflight programs like CCVs and LEO commercial cargo launches. Further, the German spacesuit market held the largest market share, and the UK spacesuit market was the fastest-growing market in the European region

The Asia-Pacific Spacesuit Market is expected to grow at the fastest CAGR from 2023 to 2030. This is due to growing investments made in this region by several nations in fields like manned flights and satellite launches. Due to increased investment by several nations in this region in fields like manned missions and satellite launches, the Middle East and Africa are predicted to experience significant growth. Moreover, China’s spacesuit market held the largest market share, and the Indian spacesuit market was the fastest-growing market in the Asia-Pacific region.

For instance, in September 2020, India teamed with Russia to produce manned space suits for the country's Gaganyaan moon mission. Also, live testing of the suits was observed in order to better design the outfits.

Spacesuit Key Market Players & Competitive Insights

Leading market players are extensively spending in research and development in order to extend their product lines, which will help the spacesuit market grow even more. Market participants are also engaging in a number of strategic initiatives to grow their worldwide presence, with significant market developments including new product launches, contractual agreements, mergers and acquisitions, increased investments, and collaboration with other organizations. To expand and thrive in a more competitive and rising market climate, the spacesuit industry must provide cost-effective products.

Producing locally to reduce operational costs is a fundamental business strategy utilized by manufacturers in the worldwide spacesuit industry to benefit clients and expand the market sector. The spacesuit industry has provided some of the most significant benefits to medicine in recent years. UTC Aerospace Systems, Boeing, David Clark, ILC Dover, NPP Zvezda, Pacific Spaceflight, Austrian Space Forum (OeWF), Oceaneering International, Final Frontier Design, and other major players in the spacesuit market, as well as space organizations and manufacturing companies, are developing new spacesuits for astronauts with advanced materials, better communications systems, and enhanced mobility.

The National Aeronautics and Space Administration is an autonomous governmental organization in the United States that is in charge of the civil space program, aeronautics research, and space research. NASA, which succeeded the National Advisory Committee for Aeronautics (NACA), was created in 1958 to give the United States' space exploration endeavor a distinctly civilian focus, stressing peaceful uses in space science. [5][6][7] Since then, NASA has led the majority of US space exploration, including Project Mercury, Project Gemini, the Apollo Moon landing missions from 1968 to 1972, the Skylab space station, and the Space Shuttle. In June 2022,NASA announced a new commercial cooperation for future spacewalking and moonwalking services. NASA has chosen Axiom Space and Collins Aerospace to deliver next-generation spacesuit and spacewalk gear for humans working outside the International Space Station, exploring the lunar surface on Artemis missions, and preparing for human flights to Mars.

North Dakota is a state in the United States' Upper Midwest named after the Dakota Sioux. North Dakota is bounded on the north by the Canadian provinces of Saskatchewan and Manitoba, and on the east by Minnesota, on the south by South Dakota, and on the west by Montana. Rugby is thought to be the geographic center of North America, and the KVLY-TV mast is the tallest man-made structure in the Western Hemisphere. North Dakota is the 19th largest state, but with a population of less than 780,000 people as of 2020, it is the fourth least populous and the fourth most sparsely populated. In October 2022, University of North Dakota scientists said they would be collaborating with NASA and the European Space Agency to create a space suit for astronauts who have physical limitations. To create a unique space suit, researchers intend to use 3D printing and body scanning.

Key Companies in the spacesuit market include

• Axiom Space (U.S.)


• Barber-Nichols (U.S.)


• Aerospace (U.S.)


• David Clark Company (U.S.)


• Creare (J.S.)


• ILC Dover (U.S.)


• KBR Inc (U.S.)


• Oceaneering International (U.S.)


• Paragon Space Development Corporation (U.S.)


• Vinyl Technology Inc. (U.S.)

Spacesuit Industry Developments

For instance,In  June 2022 The new Starliner suit, which is anticipated to be utilized for space missions including EVA applications onboard the programs for future space exploration, was introduced by the Boeing Company.

For instance,In June 2022 For the National Aeronautics and Space Administration, Oceaneering International and Collins Aerospace have cooperated to create next-generation extravehicular spacesuits (NASA). The upcoming spacesuits are anticipated to enable humans to do tasks outside the International Space Station, participate in Artemis missions that investigate the lunar surface, and get ready for manned flights to Mars.

For instance,In March 2022 ESA astronaut had to end the spacewalk because of a malfunctioning EVA suit, raising questions about its safety.

Spacesuit Market Segmentation

Spacesuit Application Outlook

• Intravehicular Activity


• Extravehicular Activity

Spacesuit Design Outlook

• Soft suits


• Hard-shell suits


• Hybrid suits


• Skin-tight  suits

Spacesuit Regional Outlook

• 
  North America
  
  
  
  • US
  
  
  • Canada
  
  
  
  


• 
  Europe
  
  
  
  • Germany
  
  
  • France
  
  
  • UK
  
  
  • Italy
  
  
  • Spain
  
  
  • Rest of Europe
  
  
  
  


• 
  Asia-Pacific
  
  
  
  • China
  
  
  • Japan
  
  
  • India
  
  
  • Australia
  
  
  • South Korea
  
  
  • Australia
  
  
  • Rest of Asia-Pacific
  
  
  
  


• 
  Rest of the World
  
  
  
  • Middle East
  
  
  • Africa
  
  
  
  


• Latin America