Space Suits Market Size, Share, Growth and Global Industry Analysis By Type & Application, Regional Insights and Forecast to 2024-2032
Growth Factors of Space Suits Market
The global space suits market size was valued at USD 123.7 million in 2021 and is projected to grow from USD 150.5 million in 2022 to USD 1576.3 million by 2030, exhibiting a CAGR of 34.13% during the forecast period of 2022-2030.
The COVID-19 pandemic had a mixed impact on the gap-fits market. While disruptions in delivery chains and behind-schedule space missions slowed production and improvement schedules, the elevated interest in space exploration at some stage in the pandemic renewed attention on improvements in area generation, including space suits, impeding the space suits market growth.
The Space Suits Market is driven by improved authorities and personal funding in area exploration, the upward thrust of commercial area tourism, and technological improvements geared toward enhancing astronaut protection and mobility.
With renewed hobby in lunar and Martian exploration, extravehicular interest (EVA) fits have become increasingly critical. These suits are being designed to offer more advantageous mobility and protection in opposition to the harsh situations of the area, along with extreme temperatures, radiation, and micro-meteoroids, expanding the space suits market share globally. As area companies and personal businesses plan ambitious missions, the demand for superior EVA fits is developing, driving innovation and development in this discipline.
Comprehensive Analysis of Space Suits Market
The Space Suits Market is segmented by type, utility, product, and weight. Hybrid suits dominate due to their versatility, while IVA suits are swiftly growing with the growth in business space flights. Given their higher cost and frequent use, EVA fits are essential for spacewalks. Refurbished fits are in demand for reusability, although new fits are also gaining attention as global space missions enlarge. Lightweight suits (up to 50 kg) are desired for intravehicular activities, even as heavier suits serve extravehicular missions requiring delivered structures for safety and capability.
The North America region led the space suits market by benefitting a size of USD 50.4 million in 2021 due to NASA’s upcoming Artemis moon assignment and space tourism ventures by non-public U.S. Companies; this market is predicted to be the second fastest developing.
The leading players in the space suits market play a crucial role in shaping its growth and establishing industry standards. Key companies such as Axiom Space (U.S.), Barber-Nichols (U.S.), Collins Aerospace (U.S.), David Clark Company (U.S.), Creare (U.S.), ILC Dover (U.S.), KBR Inc. (U.S.), Oceaneering International (U.S.), Paragon Space Development Corporation (U.S.), and Vinyl Technology Inc. (U.S.) contribute to a highly competitive landscape, fostering innovation and advancing market development. Their expertise drives advancements in space suit technology, meeting the demands of both government space programs and the growing commercial spaceflight sector.
In August 2022, Collins Aerospace opened a new facility in Houston, investing USD 30 million to enhance the improvement of an EVA area match.
Segmentation Table
ATTRIBUTE
DETAILS
Study Period
2018-2030
Base Year
2021
Estimated Year
2022
Forecast Period
2022-2030
Historical Period
2018-2020
Unit
Value (USD Million)
Segmentation
By Application, Product, Type, Weight, and Region
By Application
Intravehicular Activity
Extravehicular Activity
By Product
New Space Suits
Refurbishment
By Type
Soft Suits
Hard Suits
Hybrid Suits
Skintight Suits
By Weight
Up to 50 kg
50 to 100 kg
Above 100 kg
By Countries/Region
U.S. (By Application, By Product, By Type, and By Weight)
Russia (By Application, By Product, By Type, and By Weight)
China (By Application, By Product, By Type, and By Weight)
Europe (By Application, By Product, By Type, and By Weight)
Japan (By Application, By Product, By Type, and By Weight)
Rest of the World (By Application, By Product, By Type, and By Weight)
- Brazil
- Canada
- India
- Israel
- South Korea
- UAE
- Others
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