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Global Space Habitat Market 2017-2021

Global Space Habitat Market 2017-2021

About Space Habitat

Space habitat is a concept intended for long-term settlement in outer space. This includes the development of colonies on the surface of other celestial bodies. Engineers and scientists are continuously working on developing various prototype designs to replicate ideal human settlements in the form of a space habitat. Earth provides a sustainable environment to support natural habitats that help living organisms thrive. Other celestial bodies do not provide the same support system as Earth. Several concepts are being studied to make human survival possible on Mars, but there are several impediments as indicated in the following exhibit.

Technavio’s analysts forecast the global space habitat market to grow at a CAGR of 13.83% during the period 2017-2021.

Covered in this report

The report covers the present scenario and the growth prospects of the global space habitat market for 2017-2021. To calculate the market size, the report considers the matured contracts and R&D funding for space-habitat technologies.

The market is divided into the following segments based on geography:

  • Americas
  • APAC
  • EMEA
Technavio's report, Global Space Habitat Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
  • Bigelow Aerospace
  • Boeing
  • Lockheed Martin
  • NanoRacks
  • Orbital ATK
  • SNC
Other prominent vendors
  • MAXAM
  • Armadillo Aerospace
  • SpaceX
Market driver
  • Adoption of reusable launch vehicles
  • For a full, detailed list, view our report
Market challenge
  • Insufficient infrastructure and integrated technology for space colonization
  • For a full, detailed list, view our report
Market trend
  • Provision to recycle resources in space
  • For a full, detailed list, view our report
Key questions answered in this report
  • What will the market size be in 2021 and what will the growth rate be?
  • What are the key market trends?
  • What is driving this market?
  • What are the challenges to market growth?
  • Who are the key vendors in this market space?


Press Release

Technavio Announces the Publication of its Research Report – Global Space Habitat Market 2017-2021

Technavio recognizes the following companies as the key players in the global space habitat market: Bigelow Aerospace, Boeing, Lockheed Martin, NanoRacks, Orbital ATK, and SNC

Other Prominent Vendors in the market are: MAXAM, Armadillo Aerospace, and SpaceX.

Commenting on the report, an analyst from Technavio’s team said: “The latest trend gaining momentum in the market is Provision to recycle resources in space. Sustainability has reached a new level where reusability is implemented in every stage and industry. A method to convert all the material of a spacecraft (includes plastics, metal, and leftover food) to fuel can be implemented in outer space. The strategic approach for cost reduction requires the recycling or reuse of all the resources present in spacecraft. All the techniques and resources used in the spacecraft must ensure that sustainability is kept in mind.”

According to the report, one of the major drivers for this market is Adoption of reusable launch vehicles. Reusable launch vehicles are systems that launch the space vehicle out of the atmosphere and can be reused for subsequent launches. This saves significant cost, time, resources, and effort as a new launch system does not need to be designed and built for subsequent launches. The systems are used for resupplying resources for the ISS. The testability factor can be avoided in the case of reusable launches. As the rockets are already tested for functionality and design, no catastrophic failures occur with respect to the prototype. The prototype decreases the error rate of the rocket, and the probability of a successful launch is higher in a reused rocket compared to an expendable rocket.

Further, the report states that one of the major factors hindering the growth of this market is Insufficient infrastructure and integrated technology for space colonization. Creating a self-sustaining human environment is a challenge as there are fewer technologies and insufficient infrastructure that support human settlements. The atmosphere, pressure, climatic conditions, gravitational pull, and food production are some of the factors that must be considered for building the right infrastructure that ensures the sustainment of human settlement. Resources such as water, food, oxygen, etc. must be resupplied on a timely basis from Earth to sustain human settlements. However, the efforts, costs, and time involved in resupplying the required resources are high and not feasible. A delay in resupplying the required material will pose significant risks for human survival. The lack of appropriate infrastructure to accommodate human settlement will hinder the progress of space colonization.

Companies Mentioned

Bigelow Aerospace, Boeing, Lockheed Martin, NanoRacks, Orbital ATK, SNC, MAXAM, Armadillo Aerospace, and SpaceX.

  • Executive summary
  • Scope of the report
  • Research Methodology
  • Introduction
    • Market outline
      • Table Roadblocks to terraforming of Mars
      • Table Advantages of space habitat
  • Market landscape
    • Market overview
      • Table Market landscape
    • Market size and forecast
      • Table Global space habitat market 2016-2021 ($ millions)
    • Five forces analysis
      • Table Five forces analysis
  • Market segmentation by technology
    • Global space habitat market segmentation by technology
      • Table Global space habitat market segmentation by technology 2016 and 2021 (%)
      • Table Global space habitat market segmentation by technology 2016-2021 ( $ millions)
    • Global inflatable space habitat market
      • Table Global inflatable space habitat market 2016-2021 ($ millions)
    • Global non-inflatable space habitat market
      • Table Global non-inflatable space habitat market 2016-2021 ($ millions)
  • Geographical segmentation
    • Geographical segmentation of global space habitat market
      • Table Global space habitat market segmentation by geography 2016 and 2021 (%)
      • Table Global space habitat market segmentation by geography 2016-2021 ($ millions)
      • Table Space habitat market in Americas 2016-2021 ($ millions)
      • Table Space habitat market in APAC 2016-2021 ($ millions)
      • Table Space habitat market in EMEA 2016-2021 ($ millions)
  • Decision framework
  • Drivers and challenges
    • Market drivers
    • Market challenges
      • Table List of latest satellite orbital fragments
  • Market trends
    • Table Key space trends
  • Vendor landscape
    • Competitive scenario
      • Table Key vendors of global space habitat market 2016
    • Bigelow Aerospace
    • Boeing
    • Lockheed Martin
    • NanoRacks
    • Orbital ATK
    • SNC
    • Other prominent vendors
  • Appendix
    • List of abbreviations
  • Explore Technavio

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