Market Challenges And Opportunities

Difficulty in surviving in space owing to substantially different conditions is the primary growth driver of the 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.