Space Mining Market

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.

Space Mining Market contains market size and forecasts of Space Mining in Global, including the following market information:

Global Space Mining Market Size 2023-2028, ($ millions)

The global Space Mining market is projected to reach US$ 21.4% million by 2028.

We surveyed the Space Mining companies, and industry experts on this industry, involving the revenue, demand, product type, recent developments and plans, industry trends, drivers, challenges, obstacles, and potential risks.

Total Market by Segment:

Global Space Mining Market, by Type, 2023-2028 ($ millions)

Global Space Mining Market Segment Percentages, by Type

C-Type Carbonaceous Asteroids

S-Type Silicaceous Asteroids

M-Type Metallic Asteroids

Global Space Mining Market, by Application, 2023-2028 ($ millions)

Global Space Mining Market Segment Percentages, by Application

Fuel

Construction

3D Printer

Global Space Mining Market, By Region and Country, 2023-2028 ($ Millions)

Global Space Mining Market Segment Percentages, By Region and Country

United States

Europe

Asia

China

Rest of World

Competitor Analysis

The report also provides analysis of leading market participants including:

Further, the report presents profiles of competitors in the market, key players include:

ConsenSys (Planetary Resources)

Bradford Space (Deep Space Industries)

Moon Express

Ispace

Asteroid Mining Corporation

Trans Astronautica Corporation

OffWorld

SpaceFab