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Spacesuit Market report categorizes global market on the basis of product, design, and application - Global Industry Insights, Trends, Outlook, and Opportunity Analysis, 2018–2025
Spacesuit Market -Global Industry Insights, Analysis, 2018–2025
Utilization of distinct advanced materials in the designing and development for next
generation suits, such as urethane-coated nylon, Dacron, Neoprene, aluminized Mylar,
Gortex, Kevlar and Nomex, to enable living in space have gained significant traction as the
key industry trends. These materials enhance the strength, reduce overall weights, and enable
the required sustenance of pressure and air. Moreover, participants are increasingly focusing
on development of more innovative materials to differentiate their portfolio from the
competitors and provide tailored solutions with enhanced safety and versatility for the end
users.
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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.
EVA segment dominated the global industry share in 2016, owing to its necessary
applications in the space
These dominated the industry share by value primarily owing to the significant usage of these
suits for the examination and research operations. Moreover, these form necessary inclusions
in the space missions owing to probability of damage owing to orbiting space debris. Owing
to these requirements, EVA segment application is anticipated to continue its dominance over
the forecast period.
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.
Industry is largely characterized by the fragmented industry share owing to number of players
sharing the industry share. According to our analysis, the intensive competition is expected to
be largely characterized by the substantial development of new materials, low overall
weights, and high reliability of the suits. Advent of commercial space companies further
alleviate the competition and will drive the innovation in shortening the design cycles,
computer simulations, 3D printing, and product durability. 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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Author
apeksha motghare
apeksha motghare509   documents Email
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