Global Space Mining Market 2024 by Company, Regions, Type and Application, Forecast to 2030

Global Space Mining Market 2024 by Company, Regions, Type and Application, Forecast to 2030

Space mining, or asteroid mining, refers to the mining of asteroids and other minor planets for their valuable raw materials.

There are millions of asteroids in the solar system – remnants of bodies colliding in space. Most of the asteroids are distributed between the orbits of Mars and Jupiter —the main asteroid belt— but not all of them. According to Advantage Environment, approximately 13,000 asteroids are categorized as near-Earth objects, well within reasonable reach, and at least 900 more are discovered every year.

Asteroid mining is a concept that involves the extraction of useful materials from asteroids and near-earth objects, which are useful for propulsion, construction, life support, agriculture, metallurgy, and precious and strategic metals. Volatiles such as hydrogen and methane could be used to produce rocket fuel for transporting spacecraft between the Earth and near-earth objects. Rare-earth metals, such as thulium, scandium, and holmium could be used to manufacture materials as well as solar panels which could be used to power habitats in space. These solar-powered cells could also be used to provide electricity for its inhabitants with satellites specifically designed for this purpose. Iron, nickel and cobalt would serve as fundamental raw materials for building space factories. Precious metals such as platinum, platinum-group metals (PGMs), and gold are also useful. A handful of companies, emerging and existing, will require materials with a high level of purity in large quantities, all of which are readily available in asteroids. There are conjectures that the asteroid mining industry is a whooping trillion-dollar industry.

The market value of asteroid mining refers to the development of technologies and spacecraft design, for example, that will ultimately enable space missions for the purpose of gathering raw materials.

According to our (Global Info Research) latest study, the global Space Mining market size was valued at US$ 2373 million in 2023 and is forecast to a readjusted size of USD 9344 million by 2030 with a CAGR of 21.9% during review period.

In terms of region, the largest segment of Global Space Mining Market would be North America, with a market share of over 53% in 2019. Following North America, Europe accounted for nearly 31% of global market.

For applications of Global Space Mining Market, Fuel is the largest segment with a market share of nearly 60% in 2019. Construction and 3D Printer accounted for about 22% and 14% of global market, respectively.

This report is a detailed and comprehensive analysis for global Space Mining market. Both quantitative and qualitative analyses are presented by company, by region & country, by Type and by Application. As the market is constantly changing, this report explores the competition, supply and demand trends, as well as key factors that contribute to its changing demands across many markets. Company profiles and product examples of selected competitors, along with market share estimates of some of the selected leaders for the year 2024, are provided.

Key Features:

Global Space Mining market size and forecasts, in consumption value ($ Million), 2019-2030

Global Space Mining market size and forecasts by region and country, in consumption value ($ Million), 2019-2030

Global Space Mining market size and forecasts, by Type and by Application, in consumption value ($ Million), 2019-2030

Global Space Mining market shares of main players, in revenue ($ Million), 2019-2024

The Primary Objectives in This Report Are:

To determine the size of the total market opportunity of global and key countries

To assess the growth potential for Space Mining

To forecast future growth in each product and end-use market

To assess competitive factors affecting the marketplace

This report profiles key players in the global Space Mining market based on the following parameters - company overview, revenue, gross margin, product portfolio, geographical presence, and key developments. Key companies covered as a part of this study include ConsenSys (Planetary Resources), Bradford Space (Deep Space Industries), Moon Express, Ispace, Asteroid Mining Corporation, Trans Astronautica Corporation, OffWorld, SpaceFab, etc.

This report also provides key insights about market drivers, restraints, opportunities, new product launches or approvals.

Market segmentation

Space Mining market is split by Type and by Application. For the period 2019-2030, the growth among segments provides accurate calculations and forecasts for Consumption Value by Type and by Application. This analysis can help you expand your business by targeting qualified niche markets.

Market segmentation

Space Mining market is split by Type and by Application. For the period 2018-2029, the growth among segments provides accurate calculations and forecasts for Consumption Value by Type and by Application. This analysis can help you expand your business by targeting qualified niche markets.

Market segment by Type
C-Type Carbonaceous Asteroids
S-Type Silicaceous Asteroids
M-Type Metallic Asteroids

Market segment by Application
Fuel
Construction
3D Printer

Market segment by players, this report covers
ConsenSys (Planetary Resources)
Bradford Space (Deep Space Industries)
Moon Express
Ispace
Asteroid Mining Corporation
Trans Astronautica Corporation
OffWorld
SpaceFab

Market segment by regions, regional analysis covers

North America (United States, Canada and Mexico)

Europe (Germany, France, UK, Russia, Italy and Rest of Europe)

Asia-Pacific (China, Japan, South Korea, India, Southeast Asia and Rest of Asia-Pacific)

South America (Brazil, Rest of South America)

Middle East & Africa (Turkey, Saudi Arabia, UAE, Rest of Middle East & Africa)

The content of the study subjects, includes a total of 13 chapters:

Chapter 1, to describe Space Mining product scope, market overview, market estimation caveats and base year.

Chapter 2, to profile the top players of Space Mining, with revenue, gross margin, and global market share of Space Mining from 2019 to 2024.

Chapter 3, the Space Mining competitive situation, revenue, and global market share of top players are analyzed emphatically by landscape contrast.

Chapter 4 and 5, to segment the market size by Type and by Application, with consumption value and growth rate by Type, by Application, from 2019 to 2030.

Chapter 6, 7, 8, 9, and 10, to break the market size data at the country level, with revenue and market share for key countries in the world, from 2019 to 2024.and Space Mining market forecast, by regions, by Type and by Application, with consumption value, from 2024 to 2030.

Chapter 11, market dynamics, drivers, restraints, trends, Porters Five Forces analysis.

Chapter 12, the key raw materials and key suppliers, and industry chain of Space Mining.

Chapter 13, to describe Space Mining research findings and conclusion.