About Space Habitat
Rising New Startups Involved in the Development of Technologies for Space Activities will help to boost the global Space Habitat market in the forecasted period. A space habitat is a space station intended as a permanent settlement rather than as a simple waystation or other specialized facilities. It is a more advanced form of living quarters than a space or habitation. Additionally, it provides a safe place for the astronauts in space, with integrated life support systems, radiation protection, fire safety, and systems to manage food, clothing, and tools. North America is fostering the global space habitat market growth.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
Global Space Habitat is a fragmented market due to the presence of various players. The players are focusing on investing more in Launching Products. These will enhance their market presence. The companies are also planning strategic activities like partnerships, mergers, and acquisitions which will help them to sustain in the market and maintain their competitive edge. Analyst at AMA Research estimates that United States Manufacturers will contribute the maximum growth to Global Space Habitat market throughout the forecasted period. Established and emerging Manufacturers should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Bigelow Aerospace (United States), Boeing (United States), Lockheed Martin (United States), Nanoracks (United States), Orbital ATK (United States), Sierra Nevada Corporation (United States), Thales Alenia Space (France), ILC Dover (United States), Northrop Grumman (United States) and Blue Origin (United States) are some of the key players that are part of study coverage. Additionally, the Manufacturers which are also part of the research coverage are SpaceX (United States).
Segmentation Overview
AMA Research has segmented the market of Global Space Habitat market by , Application (Military and Civil) and Region.
On the basis of geography, the market of Space Habitat has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Features, the sub-segment i.e. Integrated Life Support Systems will boost the Space Habitat market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Module, the sub-segment i.e. Inflatable Habitats will boost the Space Habitat market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Channels, the sub-segment i.e. Direct Sales will boost the Space Habitat market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Increased Development of Launching Pads
Market Growth Drivers:
Rising New Startups Involved in the Development of Technologies for Space Activities
Challenges:
Regulatory Guidelines on the Key Players
Restraints:
Concerns Related to the Insufficient Infrastructure and Integrated Technology for Space Colonization
Opportunities:
Growing Research and Development Activities in the Commercialization of Space Development Technologies
Market Leaders and their expansionary development strategies
On 21sr December 2020, Lockheed Martin acquired Aerojet Rocketdyne for USD 4.4 billion. The acquisition will aim to continue interest in the areas of hypersonic weapons and space are two major technology development priorities for the Defense Department and two areas of increased investment. The acquisition will add some expertise to Lockheed in the area of propulsion.
Key Target Audience
Space Habitat Regulatory Bodies, Potential Investors, New Entrants, Research and Development Institutes and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.