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(IT-NEWSWIRE.COM, April 12, 2018 ) 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.
Publisher's analysts forecast the global space habitat market to grow at a CAGR of 13.83% during the period 2017-2021.
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Reusable launch vehicles are systems which launch the space vehicles out of the atmosphere and can be reused for succeeding launches. These systems can save costs, time, resources, and effort needed to build a new launch system. Moreover, the reusable launch vehicles systems are widely used for supplying resources for the ISS (International space station). Advantages such as avoiding the testability factor in the case of reusable launches, decrease in error rate of the rocket, and the higher possibility of a successful rocket launch in a reused rocket compared to a new built rocket increases the demand for reusable launch vehicles.
Key vendors - Bigelow Aerospace - Boeing - Lockheed Martin - NanoRacks - Orbital ATK - SNC
Other prominent vendors - MAXAM - Armadillo Aerospace - SpaceX
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Market driver - Adoption of reusable launch vehicles
Market challenge - Insufficient infrastructure and integrated technology for space colonization
Market trend - Provision to recycle resources in space
Fundamentals of Table of Content:
PART 01: Executive summary PART 02: Scope of the report PART 03: Market research methodology PART 04: Introduction PART 05: Global construction market PART 06: Market drivers PART 07: Market trends PART 08: Global AEC market PART 09: Market segmentation by product PART 10: Geographical segmentation PART 11: Market challenges PART 12: Impact of drivers and challenges PART 13: Five forces model PART 14: Key vendor analysis PART 15: Key vendor profiles
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