This Space Mining Market report has been prepared by considering several fragments of the present and upcoming market scenario. The market insights gained through this market research analysis report facilitates more clear understanding of the market landscape, issues that may interrupt in the future, and ways to position definite brand excellently. It consists of most-detailed market segmentation, thorough analysis of major market players, trends in consumer and supply chain dynamics, and insights about new geographical markets. The market insights covered in Magnet report simplifies managing marketing of goods and services effectively.
Data Bridge Market Research analyses that the space mining market was valued at USD 1,141.62 million in 2021 and is expected to reach the value of USD 5,068.06 million by 2029, at a CAGR of 20.48% during the forecast period.
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Market Overview:
Space mining is the procedure of excavating minerals and materials from near-earth and asteroid objects. The purpose of space mining is similar to exploitation, earth mining, and excavation of precious minerals and materials. The major difference for both is the cost involved which is very costly for space mining, but owing to the rapid drop in resources becoming progressively scarce on Earth. Space mining could be the only feasible option for excavating materials and minerals.
Some of the major players operating in the Space Mining Market are
- Asteroid Mining Corporation Limited (U.K.)
- Bradford Space (U.S.)
- iSpace (Japan)
- Kleos Space (Luxembourg)
- Planetary Resources (U.S.)
- Moon Express (U.S.)
- Boeing. (U.S.)
- ISRO (India)
- Airbus S.A.S. (Netherlands)
- Trans Astronautica Corporation. (U.S.)
- NASA (U.S.)
- OffWorld. (U.S.)
- Virgin Galactic (U.S.)
- Shackleton Energy Company (U.S.)
- SpaceFab.US, Inc. (U.S.)
- Northrop Grumman Corporation. (U.S.)
- Deep Space Industries (U.S.)
- Shackleton Energy Company (U.S.)
- SPACE EXPLORATION TECHNOLOGIES CORP. (U.S.)
- Japan Aerospace Exploration Agency (Japan)
among others.
Global Space Mining Market Scope
The space mining market is segmented based on the type of asteroid, phase, type of commodity resource, distance from Earth, application, and utilization. The growth amongst these segments will help you analyse meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Type of Asteroid
- Type C
- Type S
- Type M
Phase
- Spacecraft Design
- Launch
- Operation
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
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Table of Content:
Part 01: Executive Summary
Part 02: Scope of the Report
Part 03: Global Space Mining Market Landscape
Part 04: Global Space Mining Market Sizing
Part 05: Global Space Mining Market Segmentation By Product
Part 06: Five Forces Analysis
Part 07: Customer Landscape
Part 08: Geographic Landscape
Part 09: Decision Framework
Part 10: Drivers and Challenges
Part 11: Market Trends
Part 12: Vendor Landscape
Part 13: Vendor Analysis
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