Global Spacesuit Market, By Type (IVA, EVA), By Application (satellites, launch vehicles, missiles, and fighter aircraft) By System (thrust vector actuation system, wide thrust vector injection system, and thrust vector thruster system) opportunities and forecast 2020-2027
Covid-19 Impact on Spacesuit Market:
As the COVID-19 pandemic continuing its effect around the world, many defense and aerospace companies are facing its impact during this time around the world. For instance, commercial aviation companies in the U.S., France, Germany, and Canada are facing disruption in the production process and reduced demand as workforces staying at home, passengers stop traveling, and delay in delivery of new aircraft. Analysts expecting a drop from 3,000 to 4,000 aircraft during the pandemic period. On the defense side, contractors operating in the sector are in a better position, hence the impact of the pandemic is likely low in the short to mid-term. However, low demand due to budget constraints affecting the production as in aircraft manufacturing.Market Overview
A spacesuit is garment worn by astronauts to defend from extreme environment in the space. It maintains exact air pressure and the atmospheric environment for the respiration and protects astronauts from sun’s UV rays. In space, damaging radiations can affect human body and can cause hypothermia and the heat strokes. Though traveling in adverse weather conditions where oxygen level is low, suits play vital role. The suit materials composed of the aluminized mylar, ortho-fabric, neoprene-coated nylon, stainless steel, urethane-coated nylon, and high-strength composite materials.
Growing need for the highly maneuverable fighter aircraft, increase in the budget allocated for the missile programs, growing in the space research programs and rising use of satellites to deliver information are some of major factor boosting market for global Space Suit market. Though, some of major factor restraining market for Space Suit are high complexity in these Suit technology among others.Segment Overview
Based on application, market is segmented into missiles, satellites, launch vehicles and the fighter aircraft. Among numerous application, in 2019, fighter aircraft is likely to dominate market for Space Suit followed by the satellites and expected to be same during forecast period of 2020 – 2026. The increase in acquisition of fight aircraft in the developing countries such as China and India among others is one of major factor increasing the demand of the fighter aircrafts segment in market.
Based on system, market is segmented into the wide thrust vector injection system, thrust vector thruster system and thrust vector actuation system. In 2019, thrust vector actuation system is likely to be the largest market followed by the wide thrust vector injection system. Growing demand for the thrust vector actuation system in the defense sector is one of major factor boosting market for the Space Suit in coming years.Regional Overview
The geographical split of market includes North America, Europe, Latin Asia-Pacific, America and Middle East & Africa. In 2019, North America is expected to be key market followed by Europe. The U.S. is projected to be key market of North America as well as internationally. Upsurge in number of the satellite launches and launch in the vehicles is one of major factor boosting market for Space Suit market. Growing spending on space investigation programs is another key factor boosting market in North America region. Europe is anticipated to follow the North America. U.K. and Germany is anticipated to be key market for Space Suit market in the Europe. Asia Pacific is anticipated to grow at high CAGR for forecast period of 2020 – 2026.
China is probable to be major market for Space Suit in Asia Pacific. Additionally, India is anticipated to grow at high CAGR in Asia Pacific region. Aspects such as upsurge in production of the missiles and development programs and augmented need for the super-maneuverable fighter aircraft amongst others are boosting the market for Space Suit in India and whole Asia Pacific. However, growing trend of recycling launch boosters and the vehicles is acting as restraining factor for Space Suit market in Asia Pacific. Middle East and Africa is estimated to grow at health rate for forecast period. UAE and Saudi Arabia is predictable to be major market for Space Suit in Middle East & Africa region.Competitor overview
The space suits market is considerably consolidated with presence of limited number of sellers and buyers, where National Aeronautics & Space Administration (NASA) is major end-user. Some of prominent players in astronaut space suit market are the Final Frontier Design, Collins Aerospace, The Boeing Company, NPP Zvezda and David Clark Company. Space organizations, as well as manufacturing companies, are emerging new spacesuits for astronauts with the advanced materials, better communications systems, and the enhanced mobility. The rising demand for the human space exploration programs is anticipated to help companies increase their global presence in coming years.Key Players
- Honeywell International, Inc.
- Moog, Inc.
- Woodward, Inc.
- Jansen Aircraft Systems Control, Inc.
- BAE Systems
- Wickman Spacecraft & Propulsion Company
- Parker Hannifin, Inc.
- Sierra Nevada Corporation
- Dynetics, Inc.
- Launch Vehicles
- Fighter Aircraft
- Wide Thrust Vector Injection System
- Thrust Vector Actuation System
- Thrust Vector Thruster System
- North America
- Rest of Europe
- South Korea
- Rest of Asia-Pacific
- Saudi Arabia
- Rest of LAMEA