Global Asteroid Mining Market 2024-2028

Global Asteroid Mining Market 2024-2028

Global Asteroid Mining Market 2024-2028

The asteroid mining market is forecasted to grow by USD 1262.9 mn during 2023-2028, accelerating at a CAGR of 16.6% during the forecast period. The report on the asteroid mining market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.

The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by increase in space missions, innovative raw materials, and increasing investments of private stakeholders in space mining.

Technavio's asteroid mining market is segmented as below:

• By Event Type
• Spacecraft design
• Launch
• Operation
• By Geographical Landscape
• North America
• APAC
• Europe
• Middle East and Africa
• South America

This study identifies the rise in number of government regulations as one of the prime reasons driving the asteroid mining market growth during the next few years. Also, rise in applications of 3D printing in asteroid mining and adoption of in-situ resource utilization (ISRU) practice in space exploration will lead to sizable demand in the market.

The report on the asteroid mining market covers the following areas:

• Asteroid mining market sizing
• Asteroid mining market forecast
• Asteroid mining market industry analysis

The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading asteroid mining market vendors that include Asteroid Mining Corp. Ltd., Kleos Space S.A, OffWorld Inc., Shackleton Energy Co., SpaceFab.US, The Boeing Co., and Trans Astronautica Corp.. Also, the asteroid mining market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.

The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.