Spacesuit Market – Competitive Landscaping Mapping The Key Common Trends 2018-2026 By Key Players Boeing, ILC Dover, David Clark, Oceaneering International, NPP Zvezda, Final Frontier Design, Pacific Spaceflight, Austrian Space Forum

Spacesuit market primarily caters to the limited list of space agencies such as Russian Space Agency (ROSCOSMOS) and National Aeronautics and Space Administration (NASA) that utilize these products for the astronaut survival in the outer space. These also find significant application for the crew members inside the spacecraft to ensure safety mechanism in the event of loss of the cabin pressure. According to Coherent Market Insights, the business can be largely characterized low volume and high margin industry.

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Spacesuit market are poised for renaissance owing to increasing interests of private sector roles in the space industry

Commercial space travel concept is among the key trend that is expected to transform the industry landscape over the next decade. For instance, In May 2014, U.S. space travel agency has partnered with a Japanese advertisement agency for endorsing its future spaceflight missions. Commercial space travel offering companies will make efforts to distinguish themselves by offering their products based on better capabilities, aesthetics, and comfort. These factors will drive the demands for commercial grade suits and fuel the spacesuit market growth over the forecast period.

Global Spacesuit Market: Regional Insights

U.S. is expected to continue to dominate the global industry share owing to significant advancement and large number of space related operations taking place in the country. Other countries that include Russia, China, Japan, and India are expected to highly contribute to the global demands over the next few years. High involvement of countries in various space programs such as the launch of satellites and the availability of potential opportunities to provide low-cost space missions, will propel the growth of the spacesuit market.

Global Spacesuit Market: Competitive Background

Chief industry participants in the industry include Boeing, ILC Dover, David Clark, Oceaneering International, NPP Zvezda, Final Frontier Design, Pacific Spaceflight, Austrian Space Forum (OeWF), and UTC Aerospace Systems.

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Spacesuit Market Taxonomy

On the basis of designs:

- Soft suits
- Hard-shell suits
- Hybrid suits
- Skintight suits

On the basis of application:

- Extravehicular activity (EVA)
- Intravehicular activity (IVA)

On basis of region

- North America
- Europe
- Asia Pacific
- Latin America
- Middle East
- Africa

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This release was published on openPR.