- Space mining focuses on extracting valuable resources such as water, platinum, and essential structural materials from asteroids, the moon, and beyond. This industry is vital for space infrastructure, exploration, and tackling Earth's resource challenges
- The market thrives as earth-based mining limitations become evident, attracting private investments and government support for space resource extraction. ISRU adoption and autonomous mining advancements drive industry expansion and sustainability
- North America dominated the space mining market with a revenue share of over 80.5% in 2024, driven by significant investments from NASA, private companies such as SpaceX, and favorable regulatory policies
- Asia-Pacific is expected to be the fastest growing region in the space mining market during the forecast period fueled by increasing space exploration programs in China, Japan, and India, along with cost reductions in space launches
- Type C segment dominated the market in 2024 with the largest revenue of 75.5% due to increasing investment due to its abundant volatile compounds like water, ammonia, and other carbon-based materials
