The space habitat market is expected to grow by USD 149.55 million, progressing at a CAGR of almost 14% during the forecast period.
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Technavio has announced its latest market research report titled Global Space Habitat Market 2020-2024 (Graphic: Business Wire).
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The adoption of reusable launch vehicles is one of the major factors propelling market growth. However, factors such as insufficient infrastructure and integrated technology for space colonization will hamper the market growth.
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Space Habitat Market: Technology Landscape
This inflatable technology poses lower risks in terms of the space habitat's design and has a higher probability of success. Even though the rigid structure of the spacecraft makes it heavier, the structural design of the space habitat is more reliable, making it a preferred option for space organizations. The technology, which is fabricated using soft, expandable material, is similar to a synthetic fiber called Vectran, which helps in accommodating it within the rocket fairing and enabling it to deliver a higher level of sustainability.
Space Habitat Market: Geographic Landscape
North America was the largest space habitat market in 2019, and the region will offer several growth opportunities to market vendors during the forecast period. The evolution of space tourism concepts will significantly drive space habitat market growth in this region over the forecast period. 60% of the market's growth will originate from North America during the forecast period. The US is a key market for space habitat in North America. However, market growth in this region will be slower than the growth of the market in APAC and Europe.
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Companies Covered:
- AI SpaceFactory
- Bigelow Aerospace LLC
- Foster Partners Group Ltd.
- Instarz LLC
- Lockheed Martin Corp.
- Maxar Technologies Inc.
- NANORACKS
- Northrop Grumman Corp.
- Sierra Nevada Corp.
- The Boeing Co.
What our reports offer:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers market data for 2019, 2020, until 2024
- Market trends (drivers, opportunities, threats, challenges, investment opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Technavio's in-depth research has direct and indirect COVID-19 impacted market research reports.
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Key Topics Covered:
Executive Summary
Market Landscape
- Market ecosystem
- Market characteristics
- Value chain analysis
Market Sizing
- Market definition
- Market segment analysis
- Market size 2019
- Market outlook: Forecast for 2019 2024
Five Forces Analysis
- Five forces summary
- Bargaining power of buyers
- Bargaining power of suppliers
- Threat of new entrants
- Threat of substitutes
- Threat of rivalry
- Market condition
Market Segmentation by Technology
- Market segments
- Comparison by Technology
- Inflatable Market size and forecast 2019-2024
- Non-inflatable Market size and forecast 2019-2024
- Market opportunity by Technology
Customer landscape
Geographic Landscape
- Geographic segmentation
- Geographic comparison
- North America Market size and forecast 2019-2024
- Europe Market size and forecast 2019-2024
- APAC Market size and forecast 2019-2024
- ROW Market size and forecast 2019-2024
- Key leading countries
- Market opportunity by geography
- Market drivers
- Market challenges
- Market trends
Vendor Landscape
- Competitive scenario
- Vendor landscape
- Landscape disruption
- Industry risks
Vendor Analysis
- Vendors covered
- Market positioning of vendors
- AI SpaceFactory
- Bigelow Aerospace LLC
- Foster Partners Group Ltd.
- Instarz LLC
- Lockheed Martin Corp.
- Maxar Technologies Inc.
- NANORACKS
- Northrop Grumman Corp.
- Sierra Nevada Corp.
- The Boeing Co.
Appendix
- Scope of the report
- Currency conversion rates for US$
- Research methodology
- List of abbreviations
About Us
Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
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