Global Astronaut Spacesuit Market Overview:
A spacesuit is used to protect humans alive and well in the harsh environment of space. Spacesuits are either worn inside the spaceship as a safety precaution in case of loss of pressure in the cabin and spacesuits are worn outside of the spaceship. A fully equipped spacesuit used during spacewalks is actually a miniature spaceship shaped like a human body that protects astronauts from the hazards of being outside of a rocket either in orbit or on the Moon. Astronauts on spacewalks are exposed to radiation, smoke, debris, and high temperatures. Temperatures on spacewalks could range from minus 250 degrees Fahrenheit to 250 degrees Fahrenheit in direct sunlight. The suits maintain body pressure to provide astronauts with water to drink and oxygen to breathe. The pressure garment and the life support system are the two primary components of a spacewalk spacesuit. The pressure garment is the part of the spacesuit that covers the body while still allowing movement. The cooling garment, upper torso, lower torso, and helmet are the main components of the pressure garment. With the rise in space missions; the demand for astronaut spacesuits is set to increase.
- Need of Protection for Human Body in Outer Space
- Increasing Research of Outer Space
- Growing Consumption of IEVA Spacesuits Due to The Flexibility It Offers
- Increasing Investment in The Development of Astronaut Spacesuits
- High Cost Associated with Development of Spacesuit
- Growing Partnerships Among Nations for Space Research
- Entry of Private Players in Space Exploration Will Boost the Demand
- Each Space Mission Has Different Requirement for Spacesuits
- High R&D Required for Development of a Spacesuit
With the increasing investment in space exploration and research; the demand for astronauts suit is set to rise. The market is dominated by market leaders. As there are not many buyers; the demand is not constant but is dependant on the space missions by either national space agencies or private players. A high amount of R&D expenses is to be expected in this market to operate and also high expertise is required. As private players are on the rise in space exploration; the demand for astronaut spacesuits is set to increase in the long term.
Some of the key players profiled in the report are Austrian Space Forum (Austria), NPP Zvezda (Russia), Garrett AiResearch (United States), Oceaneering International (United States), David Clark Company (United States), SpaceX (United States), Final Frontier Design (United States), Sure Safety India Ltd (India), The Boeing Company (United States) and Collins Aerospace (United States). Considering Market by Production Process, the sub-segment i.e. Design Integration will boost the Astronaut Spacesuit market. Considering Market by Sales Channel, the sub-segment i.e. Direct will boost the Astronaut Spacesuit market. Considering Market by Features, the sub-segment i.e. Cooling Garment will boost the Astronaut Spacesuit market.
In Oct 2020, NASA announced that they are testing a new spacesuit for the moon landing. The new spacesuit is called Exploration Extravehicular Mobility Unit (xEMU). This spacesuit is aimed at protecting astronauts from harsh lunar environments. According to NASA; the xEMU represents the new spacesuit that NASA has developed in more than 40 years. The development of the suit is on schedule according to NASA.
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The top-down and bottom-up approaches are used to estimate and validate the size of the Global Astronaut Spacesuit market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Astronaut Spacesuit market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Venture Capitalists and Private Equity Firms, New Entrants/Investors, Analysts and Strategic Business Planners, Astronaut Spacesuit Manufacturers, Suppliers, and Distributors, Raw Material Suppliers, Government Regulatory and Research Organizations, End-Use Industries and Others.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.