Global Space Mining Market Size and Revenue Forecasts to 2030
The report on the Global Space Mining Market initially offers an in-depth overview of the Space Mining Market along with insights into the developments and advancements in the sector. The report offers a comprehensive overview of the regional and competitive landscape and provides a deeper insight into the current market scenario and future growth prospects. The research study also provides a complete analysis of the market drivers, restraints, limitations, threats, risks, and growth opportunities.
The global space mining market size is expected to reach USD 8.19 Billion in 2030 and register a steady revenue CAGR of 23.5% over the forecast period, according to latest analysis by Emergen Research. Space mining market revenue growth is expected to be driven by continuous investment in space exploration and mining, launch of planned space missions, and increasing support by governments worldwide. Government initiatives to frame regulations with regards to space mining is expected to support revenue growth of the market going ahead.
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The section on the competitive landscape offers valuable and actionable insights related to the business sphere of the Space Mining market, covering extensive profiling of the key market players. The report offers information about market share, product portfolio, pricing analysis, and strategic alliances such as mergers and acquisitions, joint ventures, collaborations, partnerships, product launches and brand promotions, among others.
The companies will use report are:
Moon Express, Kleos Space S.A., Bradford Space Inc., Ispace, Planetary Resources, NASA, China National Space Administration, Trans Astronautica Corporation, Shackleton Energy Company (SEC), Asteroid Mining Corporation Ltd.
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Some Key Highlights of the Space Mining Market
- On 1 January 2019, Deep Space Industries (DSI) was bought by Bradford Space, which is a space technology business. DSI was renamed Bradford Space Inc., and it is still working on the Xplorer satellite bus, which is designed for missions beyond Earth's orbit. DSI provides cost-effective and creative space exploration solutions.
- Revenue from the Type C segment is expected to increase steadily throughout the forecast period. Mining efforts are expected to be initially directed at this type of asteroid owing to availability of water, which can be used to produce rocket fuel, and be supplied to enterprises conducting space missions. Organic and metal materials are also available from Type C, and can be used for spacecraft construction in space.
- Asteroids are expected to be mined for platinum since a single asteroid can contain between USD 25 and 50 billion in platinum. This also includes additional metals like as cobalt, iron, gold, nickel, and manganese, which might help to alleviate Earth's metal scarcity. NASA is currently conducting a mission to collect samples from near-Earth asteroids (NEA).
- Market revenue in Asia Pacific is expected to register rapid growth over the forecast period due to increased focus on initiating mining space activity by China and Japan. China is making significant progress in space research, with the launch of its first batch of asteroid prospecting spacecraft in 2020.
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Market Overview:
The report bifurcates the Space Mining market on the basis of different product types, applications, end-user industries, and key regions of the world where the market has already established its presence. The report accurately offers insights into the supply-demand ratio and production and consumption volume of each segment.
Segments Covered in this report are:
-
Type of Asteroid Outlook (Revenue, USD Billion; 2022–2030)
- Type C
- Type S
- Type M
- Others
-
Phase Outlook (Revenue, USD Billion; 2022–2030)
- Spacecraft Design
- Instruments
- Altitude Control System
- Electric Power System
- Others
- Launch
- Operation
- Spacecraft Design
-
Type of Commodity Outlook (Revenue, USD Billion; 2022–2030)
- Water
- Structural Elements
- Platinum Group Materials
The various regions analyzed in the report include:
- North America (U.S., Canada)
- Europe (U.K., Italy, Germany, France, Rest of EU)
- Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
- Latin America (Chile, Brazil, Argentina, Rest of Latin America)
- Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
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