Global Astronaut Space Suits Market - Segmented by Geography (North America, South America, Europe, APAC, MEA, Africa) - Growth, Trends, and Forecast (2022 - 2030)

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 Porter’s 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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