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Asteroid Mining Market by Phase (Space-craft Design, Launch, and Operation), Asteroid type (Type C, Type S, Type M, and Others), and Application (Construction, Resource Harvesting, 3D Printing, and Others): Global Opportunity Analysis and Industry Forecas

02-26-2019 04:58 PM CET | IT, New Media & Software

Press release from: Allied Market Research

Asteroid Mining Market

Asteroid Mining Market

The report offers extensive analyses of the key winning strategies, industry trends, market dynamics, market size & estimations, top investment pockets, and competitive landscape. As per the report, the global asteroid mining market garnered $712 million in 2017, and is estimated to reach $3,868.9 million by 2025, growing at a CAGR of 24.4% from 2018 to 2025. Ongoing and impending space missions by government as well as private players, increasing inflow of investment in space mining technologies, and growing use of print materials obtained from asteroids in 3D printing technology are expected to propel the growth of the global asteroid mining market

The global asteroid mining market is expected to witness considerable growth due to the positive impact of government regulations related to space mining and its technologies and increase in advancements of 3D printing technology, which propels its adoption globally. The asteroid mining industry is projected to witness significant growth, especially in the emerging economies due to increase in ongoing and future space mission development and various advancements in the space economy industry.

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Innumerable space missions planned by government and private players, surge in R&D investments by market players to deploy space mining processes, and use of asteroid-derived print materials in 3D printing technology drive the growth of the global asteroid mining market. In addition, increase in space situational awareness programs launched by government organizations is expected to supplement the market growth. However, high cost associated with space mining methods is expected to hamper the market growth. Conversely, adoption of in-situ resource utilization (ISRU) in space exploration and numerous ongoing projects for exploring and colonizing Mars and moon would create new opportunities for the growth of the industry.

The space craft design segment contributed the largest share in 2017, accounting for four-fifths of the total revenue. It is expected to continue its dominance through 2025 due to increased investments and funding from governments and private companies worldwide for designing and manufacturing space crafts. However, the operation segment is projected to register the fastest CAGR of 29.1% from 2018 to 2025 due to the increasing inflow of investment by public and private stakeholders in space mining technologies for resource exploitation. Moreover, the launch segment would grow at a steady pace through 2025.

Among asteroid types, the type C segment, which are chondrite asteroids, accounted for 43.2% of the total market revenue in 2017 and would maintain its revenue lead through the study period. This is because type C asteroids are carbonaceous chondrite meteorites, which are known to contain large deposits of water and metals. However, the type M segment is projected to grow at the fastest CAGR of 29.5% during the forecast period because M Type asteroids contain highly valuable resources such as platinum, gold, silver, and others. The report also analyzes asteroid types such as type S and others.

3D printing segment captured nearly half of the total market revenue in 2017 and is projected to maintain its lead through 2025. This is on account of the advancements in 3D printing technology such as high-resolution prototypes and Zero-G technology that helps in printing objects in space. However, the construction segment would grow at the highest CAGR of 29.1% through 2025, owing to heavy inflow of investments for the development and construction of space infrastructure for space missions. The report also analyzes applications such as resource harvesting and others.

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The asteroids mining market in North America contributed nearly one-third of the global market revenue in 2017. It is projected to retain its lion's share through 2025, owing to technological advancements related to asteroid mining and high investment in space technology industry. The U.S. is expected to be an emerging player in the asteroids mining industry due to the presence of strong government agencies in the region such as NASA, Satellite Industry Association, and Commercial Spaceflight Federation, among others. However, Latin America, Middle East, and Africa (LAMEA) would register the highest CAGR of 26.4% from 2018 to 2025 due to the growing inclination toward advanced technological products, increase in investments in space technologies, and growth in R&D facilities in the region. The other regions analyzed in the report include Europe and Asia-Pacific.

The major players operating in the global asteroid mining market are Asteroid mining Company, Bradford, iSpace, Kleos Space S.A, Planetary Resources, SpaceFab.US, Sierra Nevada Corporation, Offworld, and Virgin Galactic. These key players have adopted product portfolio expansion, mergers & acquisitions, agreements, geographical expansion, and collaboration to enhance their market penetration.

LIST OF TABLES

TABLE 01. GLOBAL ASTEROID MINING MARKET, BY PHASE TYPE, 2017-2025($MILLION)
TABLE 02. ASTEROID MINING MARKET REVENUE FOR SPACE-CRAFT DESIGN, BY REGION 2017-2025 ($MILLION)
TABLE 03. ASTEROID MINING MARKET REVENUE FOR LAUNCH BY REGION 2017-2025 ($MILLION)
TABLE 04. ASTEROID MINING MARKET REVENUE FOR OPERATION, BY REGION 20172025 ($MILLION)
TABLE 05. GLOBAL ASTEROID MINING MARKET, BY ASTEROID TYPE, 2017-2025($MILLION)
TABLE 06. ASTEROID MINING MARKET REVENUE TYPE C, BY REGION 2017-2025 ($MILLION)
TABLE 07. ASTEROID MINING MARKET REVENUE FOR TYPE S, BY REGION 2017-2025 ($MILLION)
TABLE 08. ASTEROID MINING MARKET REVENUE FOR TYPE M, BY REGION 20172025 ($MILLION)
TABLE 09. ASTEROID MINING MARKET REVENUE FOR OTHERS, BY REGION 20172025 ($MILLION)
TABLE 10. GLOBAL ASTEROID MINING MARKET, BY APPLICATION, 2017-2025($MILLION)
TABLE 11. ASTEROID MINING MARKET REVENUE FOR CONSTRUCTION, BY REGION 2017-2025 ($MILLION)
TABLE 12. ASTEROID MINING MARKET REVENUE FOR RESOURCE HARVESTING, BY REGION 2017-2025 ($MILLION)
TABLE 13. ASTEROID MINING MARKET REVENUE FOR 3D PRINTING, BY REGION 20172025 ($MILLION)
TABLE 14. ASTEROID MINING MARKET REVENUE FOR OTHERS, BY REGION 20172025 ($MILLION)
TABLE 15. NORTH AMERICAN ASTEROID MINING MARKET, BY PHASE TYPE, 20172025 ($MILLION)
TABLE 16. NORTH AMERICAN ASTEROID MINING MARKET, BY ASTEROID TYPE, 20172025 ($MILLION)
TABLE 17. NORTH AMERICAN ASTEROID MINING MARKET, BY APPLICATION, 20172025 ($MILLION)
TABLE 18. U. S. ASTEROID MINING MARKET, BY PHASE TYPE, 20172025 ($MILLION)
TABLE 19. U. S. ASTEROID MINING MARKET, BY ASTEROID TYPE, 20172025 ($MILLION)
TABLE 20. U. S. ASTEROID MINING MARKET, BY APPLICATION, 20172025 ($MILLION)
TABLE 21. CANADA ASTEROID MINING MARKET, BY PHASE TYPE, 20172025 ($MILLION)
TABLE 22. CANADA ASTEROID MINING MARKET, BY ASTEROID TYPE, 20172025 ($MILLION)
TABLE 23. CANADA ASTEROID MINING MARKET, BY APPLICATION, 20172025 ($MILLION)
TABLE 24. MEXICO ASTEROID MINING MARKET, BY PHASE TYPE, 20172025 ($MILLION)
TABLE 25. MEXICO ASTEROID MINING MARKET, BY ASTEROID TYPE, 20172025 ($MILLION)
TABLE 26. MEXICO ASTEROID MINING MARKET, BY APPLICATION, 20172025 ($MILLION)
TABLE 27. EUROPEAN ASTEROID MINING MARKET, BY PHASE TYPE, 20172025 ($MILLION)
TABLE 28. EUROPEAN ASTEROID MINING MARKET, BY ASTEROID TYPE, 20172025 ($MILLION)
TABLE 29. EUROPEAN ASTEROID MINING MARKET, BY APPLICATION, 20172025 ($MILLION)
TABLE 30. U.K. ASTEROID MINING MARKET, BY PHASE TYPE, 20172025 ($MILLION)
TABLE 31. U.K. ASTEROID MINING MARKET, BY ASTEROID TYPE, 20172025 ($MILLION)
TABLE 32. U.K. ASTEROID MINING MARKET, BY APPLICATION, 20172025 ($MILLION)
TABLE 33. GERMANY ASTEROID MINING MARKET, BY PHASE TYPE, 20172025 ($MILLION)
TABLE 34. GERMANY ASTEROID MINING MARKET, BY ASTEROID TYPE, 20172025 ($MILLION)
TABLE 35. GERMANY ASTEROID MINING MARKET, BY APPLICATION, 20172025 ($MILLION)
TABLE 36. RUSSIA ASTEROID MINING MARKET, BY PHASE TYPE, 20172025 ($MILLION)
TABLE 37. RUSSIA ASTEROID MINING MARKET, BY ASTEROID TYPE, 20172025 ($MILLION)
TABLE 38. RUSSIA ASTEROID MINING MARKET, BY APPLICATION, 20172025 ($MILLION)
TABLE 39. LUXEMBOURG ASTEROID MINING MARKET, BY PHASE TYPE, 20172025 ($MILLION)
TABLE 40. LUXEMBOURG ASTEROID MINING MARKET, BY ASTEROID TYPE, 20172025 ($MILLION)

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Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

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