The future of the space mining market looks promising with opportunities in the extraterrestrial commodity, construction, human life sustainability, fuel, and 3D printing industries. The global space mining market is expected to grow with a CAGR of 23% to 25% from 2021 to 2026. The major drivers for this market are rising investments by private stakeholders in asteroid mining companies and increasing government initiatives to frame regulations with respect to asteroid mining.
A more than 150 page report is developed to help in your business decisions. Sample figures with some insights are shown below. To learn the scope of, benefits, companies researched and other details of space mining market report download the report brochure.
The study includes trends and forecasts for the global space mining market by phase, type of asteroid, types of commodity resources, application, and region as follows:
By Phase [$M shipment analysis for 2015 – 2026]:
- Spacecraft Design
- Launch
- Operation
By Type of Asteroid [$M shipment analysis for 2015 – 2026]:
- Type C
- Type S
- Type M
By Type of Commodity Resource [$M shipment analysis for 2015 – 2026]:
- Water
- Platinum Group Materials
- Structural Elements
By Application [$M shipment analysis for 2015 – 2026]:
- Extraterrestrial Commodity
- Construction
- Human Life Sustainability
- Fuel
- 3D Printing
By Region [$M shipment analysis for 2015 – 2026]:
- North America
- United States
- Canada
- Mexico
- Europe
- Germany
- United Kingdom
- France
- Italy
- Asia Pacific
- China
- Japan
- India
- South Korea
- The Rest of the World
Type C will remain the largest segment as these asteroids contain ice water, which can be mined and used as a rocket propellant.
North America will remain the largest region the forecast period due to imminent space exploration and mining missions by NASA and private players.
Some of the space mining companies profiled in this report include Deep Space, Planetary Resources, Moon Express, ispace, Asteroid Mining, Shackleton Energy, Kleos Space, TransAstra, OffWorld, SpaceFab.US, National Aeronautics and Space Administration, European Space Agency, Japan Aerospace Exploration Agency, China National Space Administration, and Russian Federal Space Agency.
The global Space Mining Market research report, published by Value Market Research, is designed to offer various market framework such as market size, portion, trends, growth path, value and factors that impact the current market dynamics over the forecast period 2021-2027.
Most importantly, this report also provides the latest significant strategies adopted by major players along with their market share.The report also covers detailed competitive landscape including company profiles of key players operating in the global market.
The key players in the space mining market include China National Space Administration, European Space Agency, Japan Aerospace Exploration Agency, Kleos Space, National Aeronautics and Space Administration, Off World, Russian Federal Space Agency, SpaceFab.US and TransAstra.
An in-depth view of the competitive outlook includes future capacities, key mergers & acquisitions, financial overview, partnerships, collaborations, new product launches, new product developments and other developments with information in terms of H.Q.Get more information on "Global Space Mining Market Research Report" by requesting FREE Sample Copy athttps://www.valuemarketresearch.com/contact/space-mining-market/download-sampleMarket DynamicsThe ongoing space mining missions along with the increasing investments and government initiatives to frame regulations with respect to asteroid mining are driving the market growth.
Whereas, easy accessibility to NEAs (Near Earth Asteroids) and adoption of in-situ resource utilization (ISRU) practice in space exploration are likely to offer an opportunity over the forecast period.This detailed market study is centered on the data obtained from multiple sources and is analyzed using numerous tools including porter’s five forces analysis, market attractiveness analysis and value chain analysis.
These tools are employed to gain insights of the potential value of the market facilitating the business strategists with the latest growth opportunities.
Global Space Mining Market is anticipated to cross USD 4.21 Billion by 2027, registering a CAGR of 21% from 2021 to 2027.The method of collecting materials and minerals from asteroids and near-Earth objects is called space mining.
Space mining is similar to earth mining in that it involves the extraction and exploitation of valuable resources and minerals.
Space mining refers to the extraction of useful and valuable raw materials from asteroids or asteroids.
Gold, iridium, silver, palladium, osmium, platinum, rhodium, rhenium, ruthenium, tungsten, as well as iron, manganese and cobalt.
These insights help the small company decision makers make informed decisions and to formulate better business plans.
Through extensive regional analysis of the market, the research analyst attempts to reveal hidden growth prospects that can be used by players in different regions of the world.The Segmentation Part of the Space Mining ReportMost Important Types Space Mining Products Covered In This Report Are:Type C, Type S, Type MMost Important Types Space Mining Applications Covered In This Report Are:Extraterrestrial Commodity, Construction, Human Life Sustainability, Fuel, 3D PrintingSpace Mining Market – Geographical SegmentNorth America (U.S., Canada, Mexico)Europe (Germany, U.K., France, Italy, Russia, Spain etc.
