Global Space Mining Market– Industry Trends and Forecast to 2026

  • Semiconductors and Electronics
  • Upcoming Report
  • Dec 2018
  • Global
  • 350 Pages
  • No of Tables: 60
  • No of Figures: 220

Global Space Mining Market, By Phase (Spacecraft Design, Launch, Operation), Type of Asteroid (Type C, Type S, Type M), Type of Commodity Resource (Water, Platinum Group Materials, Structural Elements), Distance from Earth (Near-Earth Asteroids, Asteroid Belt Distance Ranges from Earth), Application (Extra-terrestrial Commodity, Construction, Human Life Sustainability, Fuel, 3D Printing), Utilization (Earth, Space), Geography (North America, South America, Europe, Asia-Pacific, Middle East and Africa)– Industry Trends and Forecast to 2026

Market Analysis: Global Space Mining Market

The Global Space Mining Market is expected to rise from its initial estimated value of USD 0.56 billion in 2018 to an estimated value of USD 3.28 billion by 2026, registering a CAGR of 24.7% in the forecast period of 2019-2026. This growth can be attributed to the high number of space missions currently taking place and the upcoming space missions too.

Market Definition: Global Space Mining Market

Space mining is the process of excavation of materials and minerals from asteroids and near-earth objects. The purpose of space mining is similar to that of earth mining, exploitation and excavation of precious materials and minerals. The major difference is the cost involved for both which is extremely costly for space mining, but due to the rapid decline in resources and these resources becoming increasingly scarce on earth, space mining could be the only viable option for the excavation of minerals and materials.

Market Drivers:

  • Current and growing forthcoming space missions are expected to drive the market growth
  • Increased investments and ambitions by the government authorities is expected to drive the market growth

Market Restraints:

  • High costs associated with operation and initialization is expected to restrain the market growth
  • Risks associated with space mining like; adverse environmental effects and docking of crafts in space

Segmentation: Global Space Mining Market

  • By Phase

    • Spacecraft Design
    • Launch
    • Operation

  • By Type of Asteroid

    • Type C
    • Type S
    • Type M

  • By Type of Commodity Resource

    • Water
    • Platinum Group Materials
    • Structural Elements

  • By Distance from Earth

    • Near-Earth Asteroids
    • Asteroid Belt Distance Ranges from Earth

  • By Application

    • Extra-terrestrial Commodity
    • Construction
    • Human Life Sustainability
    • Fuel
    • 3D Printing

  • By Utilization

    • Earth
    • Space

  • By Geography

    • North America

      • US
      • Canada
      • Mexico

    • South America

      • Brazil
      • Argentina
      • Rest of South America

    • Europe

      • Germany
      • France
      • United Kingdom
      • Italy
      • Spain
      • Russia
      • Turkey
      • Belgium
      • Netherlands
      • Switzerland
      • Rest of Europe

    • Asia-Pacific

      • Japan
      • China
      • South Korea
      • India
      • Australia
      • Singapore
      • Malaysia
      • Indonesia
      • Thailand
      • Philippines
      • Rest of Asia-Pacific

    • Middle East and Africa

      • South Africa
      • Egypt
      • Saudi Arabia
      • United Arab Emirates
      • Israel
      • Rest of Middle East and Africa

Competitive Analysis: Global Space Mining Market

The global space mining market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of Space Mining Market for global, Europe, North America, Asia Pacific and South America.

Major Market Competitors/Players: Global Space Mining Market

Few of the major players competing in the space mining market are Deep Space Industries Inc., Planetary Resources, Moon Express, ispace, Asteroid Mining Corporation Limited, Shackleton Energy Company, KLEOS SPACE S.A.., ISRO, Boeing, SPACE EXPLORATION TECHNOLOGIES CORP., Northrop Grumman Corporation, Sierra Nevada Corporation, Virgin Galactic, Made In Space Inc., Ad Astra Rocket Company, Airbus S.A.S., TransAstra Corporation, OffWorld, SpaceFab.US Inc., NASA, European Space Agency, Japan Aerospace Exploration Agency, China National Space Administration, and Roscosmos.

Research Methodology: Global Space Mining Market

Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analysed and forecasted using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please Request an Analyst Call or can drop down your inquiry.

The key research methodology used by DBMR Research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, other data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Top to Bottom Analysis and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.

Key Insights in the report:

  • Complete and distinct analysis of the market drivers and restraints
  • Key Market players involved in this industry
  • Detailed analysis of the Market Segmentation
  • Competitive analysis of the key players involved

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