As per this study the Global Space Mining Market was valued USD XX MN (by revenue) in 2021 and is anticipated to reach USD XX MN by 2027 with a CAGR of XX%.
Space mining refers to the exploitation of raw materials from asteroids and various other minor planets of the solar system. The raw materials include natural resources and precious metals such as gold, silver, and platinum group metals among others. It’s an exciting business developed by many companies for more than one reason like research and future scope.
The 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. On the flip side, high costs associated with asteroid mining and prospecting missions may limit 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. Additionally, these tools also provide a detailed analysis of each application/product segment in the global market of space mining.
The broad space mining market has been sub-grouped into process, phase and type of asteroid. The report studies these subsets with respect to the geographical segmentation. The strategists can gain a detailed insight and devise appropriate strategies to target specific market. This detail will lead to a focused approach leading to identification of better opportunities.
- Optical Mining
By Type Of Asteroid
- Spacecraft Design
Furthermore, the report comprises of the geographical segmentation which mainly focuses on current and forecast demand for space mining in North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The report further focuses on demand for individual application segments in all the regions.
Global Space Mining Market Share by Region (Representative Graph)
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.
A combination of primary and secondary research has been used to determine the market estimates and forecasts. Sources used for secondary research include (but not limited to) Paid Data Sources, Company Websites, Technical Journals, Annual Reports, SEC Filings and various other industry publications. Specific details on methodology used for this report can be provided on demand.