Space suits are worn by astronauts in outer space for keeping themselves alive in space. They are also worn by the crew members inside a spacecraft, as a safety mechanism in case of loss of cabin pressure. The global astronaut space suit market is significantly consolidated with the presence of a limited number of vendors and buyers, where National Aeronautics and Space Administration (NASA) is the major end user. Therefore, the established vendors restrict new players from venturing into the niche market.
Increased Space Investment in North America
The United States is estimated to be the key market for North America as well as globally. Increase in number of satellite launches and launch vehicles is one of the major factor boosting the astronaut space suit market. Increased spending on space exploration programs is another major factor boosting the market in North American region. Companies are entering the market with ease and offer diverse on-demand services. Thus, the possibilities for new applications and products and services are widening further. For instance, currently, many private players are providing internet-based space exploration to the general public. Diminishing manufacturing and launching cost of satellites have resulted in a rise in upcoming launches, worldwide, by both, military, as well as, private conglomerates for earth observation, surveillance, and communication applications. Moreover, in recent years, the funding to support private spaceflight has increased from a larger pool of sources compared to relatively limited sources in 1990s. Some investors see the traditional spaceflight industry as ripe for disruption, with a 100-fold improvement, since 1980. In 2015 alone, venture capital firms invested USD 1.8 billion in private spaceflight companies, more than they had invested in the previous 15 years. As of October 2015, the largest and most active investors in space were Lux Capital, Bessemer Venture Partners, Khosla, Founders Fund, RRE Ventures and Draper Fisher Jurvetson. These factors are driving the astronaut space suit market.
Astronaut Space Suits Market Major Players:
Final Frontier Design, Pacific Spaceflight, UTC Aerospace Systems, Austrian Space Forum, and Boeing among others.
Astronaut Space Suits Market Recent Developments:
Feb 2018: NASA engineers are working on a new spacesuit that includes a long-term waste-disposal system
Sep 2017: SpaceX reveals new advanced spacesuit designed to provide a backup source of pressure to keep astronauts safe, while a sudden spacecraft cabin depressurization event.
Reasons to Purchase Astronaut Space Suits Market Report
Provides latest insights into the astronaut space suit market.
Gives a detailed analysis of key competitors in the astronaut space suit market
Analyzes the market scenario with the help of PorterÕs Five Forces Analysis
Forecasts the market value by assessing the impact of the market drivers and constraints
3-month analyst support, along with the market estimate sheet (in Excel)
Astronaut Space Suits Market Report Customization and Benefits
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1.1 Scope of the Study
1.2 Market Definition
1.3 Executive Summary
2. RESEARCH METHODOLOGY
2.1 Study Deliverables
2.2 Study Assumptions
2.3 Research Phases
3. MARKET INSIGHT
3.1 Current Market Scenario
3.2 Technology Trends
3.3 Industry Attractiveness - Porter's Five Forces Analysis
3.3.1 Bargaining Power of Buyers
3.3.2 Bargaining Power of Supplier
3.3.3 Threat of New Entrants
3.3.4 Threat of Substitute Products
3.3.5 Competitive Rivalry
4. MARKET DYNAMICS
5. ASTRONAUT SPACE SUITS MARKET, SEGMENTED BY GEOGRAPHY
5.1 North America Astronaut Space Suits Market (2018-2023)
5.1.1 United States Astronaut Space Suits Market (2018-2023)
5.1.2 Canada Astronaut Space Suits Market (2018-2023)
5.2 Europe Astronaut Space Suits Market (2018-2023)
5.2.1 United Kingdom Astronaut Space Suits Market (2018-2023)
5.2.2 France Astronaut Space Suits Market (2018-2023)
5.2.3 Germany Astronaut Space Suits Market (2018-2023)
5.2.4 Russia Astronaut Space Suits Market (2018-2023)
5.3 Asia Pacific Astronaut Space Suits Market (2018-2023)
5.3.1 India Astronaut Space Suits Market (2018-2023)
5.3.2 China Astronaut Space Suits Market (2018-2023)
5.3.3 Japan Astronaut Space Suits Market (2018-2023)
5.4 Rest of the World
6. COMPETITIVE LANDSCAPE
6.2 Market Share Analysis
7. COMPANY PROFILES
7.1 Final Frontier Design
7.2 Pacific Spaceflight
7.3 UTC Aerospace Systems
7.4 Austrian Space Forum
7.6 David Clark
7.7 NPP Zvezda
7.8 Oceaneering International
7.9 ILC Dover
Secondary Research Information is collected from a number of publicly available as well as paid databases. Public sources involve publications by different associations and governments, annual reports and statements of companies, white papers and research publications by recognized industry experts and renowned academia etc. Paid data sources include third party authentic industry databases.
Once data collection is done through secondary research, primary interviews are conducted with different stakeholders across the value chain like manufacturers, distributors, ingredient/input suppliers, end customers and other key opinion leaders of the industry. Primary research is used both to validate the data points obtained from secondary research and to fill in the data gaps after secondary research.
The market engineering phase involves analyzing the data collected, market breakdown and forecasting. Macroeconomic indicators and bottom-up and top-down approaches are used to arrive at a complete set of data points that give way to valuable qualitative and quantitative insights. Each data point is verified by the process of data triangulation to validate the numbers and arrive at close estimates.
The market engineered data is verified and validated by a number of experts, both in-house and external.
REPORT WRITING/ PRESENTATION
After the data is curated by the mentioned highly sophisticated process, the analysts begin to write the report. Garnering insights from data and forecasts, insights are drawn to visualize the entire ecosystem in a single report.