Asteroid Mining Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis

Coverage: Asteroid Mining Market covers analysis By Phase (Spacecraft Design, Launch, Operation); Asteroid Type (Type C, Type S, Others); Extraction Technology (Shaft Mining, Magnetic Rakes, Surface Mining, Mond Process, Others) , and Geography (North America, Europe, Asia Pacific, and South and Central America)

  • Report Code : TIPRE00022347
  • Category : Aerospace and Defense
  • Status : Upcoming
  • No. of Pages : 150
Buy Now

MARKET OVERVIEW



The extraction of raw materials from asteroids and other minor planets, including near-earth ones, is referred to as asteroids mining. Minerals can be extracted from an asteroid or a spent comet and used in space for construction or returned to Earth. Gold, iridium, silver, osmium, palladium, platinum, nickel, and aluminum are examples of these resources or raw materials. With the rise in the world's population, there is an increase in demand for the planet's limited resources. As a result, many governments and private companies have turned their attention to outer space in search of different resources, fueling the global asteroid mining industry.

MARKET SCOPE



The "Global Asteroid Mining Market Analysis to 2031" is a specialized and in-depth study of the aerospace and defense industry with a special focus on the global market trend analysis. The report aims to provide an overview of the asteroid mining market with detailed market segmentation by phase, asteroid type, extraction technology, and geography. The report provides key statistics on the market status of the leading asteroid mining market players and offers key trends and opportunities in the market.

MARKET SEGMENTATION



  •   On the basis of phase, the market is segmented as spacecraft design, launch, operation.
  •   Based on asteroid type, the market is segmented into Type C, Type S, others.
  •   Based on extraction technology, the market is segmented into shaft mining, magnetic rakes, surface mining, mond process, others.

MARKET DYNAMICS


Drivers:



  •   Ongoing and upcoming space mining missions, growing private stakeholder investments in space mining companies
  •   Adoption of 3D printing technology in asteroid mining
  •   Increase in the number of government initiatives to draught regulations for asteroid mining
  •   Introduction of the In-Situ Resource Utilization (ISRU) practice in space exploration

Restraints:



  •   The high cost of mining techniques and legislation governing proprietary rights serve as a significant impediment to the growth of the asteroid mining industry

REGIONAL FRAMEWORK



The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), MEA, and SAM. The asteroid mining market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 17 countries globally along with the current trend and opportunities prevailing in the region.

The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the marketduring the forecast period i.e., drivers, restraints, opportunities, and future trends. The report also provides exhaustive Porter's Five Forces analysis, highlighting the factors affecting the asteroid mining market in these regions

IMPACT OF COVID-19 on Asteroid Mining MARKET



The outbreak of the COVID-19 has severely impacted the space industry. The economic crisis caused due to COVID-19 pandemic and population containment might have reorganized the regional outlook, however, it affected space industry in a same way as all other industries. The postponement of launch schedules, halt in many satellite production lines and pause of private financing have jumbled the opportunities for emerging operators. Temporary closure of activities has also impacted space activities and had caused decline in the investment for exploring new areas in space. This factor has also create an adverse impact on asteroid mining acitivites.

MARKET PLAYERS



The report covers key developments in the asteroid mining market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the marketwere acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from asteroid mining market are anticipated to lucrative growth opportunities in the future with the rising demand for asteroid mining in the global market.

The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the asteroid mining market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.

  •   Asteroid Mining Corporation Limited
  •   Bradford
  •   iSpace, Inc
  •   Kleos Space
  •   Moon Express
  •   ConsenSys
  •   Spacefab.US
  •   Sierra Nevada Corporation
  •   Offworld
  •   Virgin Galactic
The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.

Asteroid Mining Report Scope

Report Attribute Details
Market size in 2023 US$ XX Million
Market Size by 2031 US$ XX Million
Global CAGR (2023 - 2031) XX%
Historical Data 2021-2022
Forecast period 2024-2031
Segments Covered By Phase
  • Spacecraft Design
  • Launch
  • Operation
By Asteroid Type
  • Type C
  • Type S
By Extraction Technology
  • Shaft Mining
  • Magnetic Rakes
  • Surface Mining
  • Mond Process
Regions and Countries Covered North America
  • US
  • Canada
  • Mexico
Europe
  • UK
  • Germany
  • France
  • Russia
  • Italy
  • Rest of Europe
Asia-Pacific
  • China
  • India
  • Japan
  • Australia
  • Rest of Asia-Pacific
South and Central America
  • Brazil
  • Argentina
  • Rest of South and Central America
Middle East and Africa
  • South Africa
  • Saudi Arabia
  • UAE
  • Rest of Middle East and Africa
Market leaders and key company profiles
  • Asteroid Mining Corporation Limited
  • Bradford
  • iSpace, Inc
  • Kleos Space
  • Moon Express
  • ConsenSys
  • Spacefab.US
  • Sierra Nevada Corporation
  • Offworld
    • Historical Analysis (2 Years), Base Year, Forecast (7 Years) with CAGR
    • PEST and SWOT Analysis
    • Market Size Value / Volume - Global, Regional, Country
    • Industry and Competitive Landscape
    • Excel Dataset
    Report Coverage

    Report Coverage

    Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends

    Segment Covered

    Segment Covered

    This text is related
    to segments covered.

    Regional Scope

    Regional Scope

    North America, Europe, Asia Pacific, Middle East & Africa, South & Central America

    Country Scope

    Country Scope

    This text is related
    to country scope.

    Trends and growth analysis reports related to Aerospace and Defense : READ MORE..   

    The List of Companies

    1. Asteroid Mining Corporation Limited
    2. Bradford
    3. iSpace, Inc
    4. Kleos Space
    5. Moon Express
    6. ConsenSys
    7. Spacefab.US
    8. Sierra Nevada Corporation
    9. Offworld
    10. Virgin Galactic

    Buy Now