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Asteroid Mining Market Expected to Reach $3,868.9 Million, Brief Analysis on Top Key players Asteroid mining Company, Bradford, iSpace, Kleos Space S.A, Planetary Resources, SpaceFab.US, Sierra Nevada Corporation, Offworld, and Virgin Galactic

03-29-2019 07:07 AM CET | IT, New Media & Software

Press release from: Allied Market Research

Asteroid Mining Market

Asteroid Mining Market

Allied Market Research published a report, titled, 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 Forecast, 2017 - 2025. 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.

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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.

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 key market players analyzed in the report include Asteroid Mining Company, Bradford, iSpace, Kleos Space S.A., Planetary Resources, SpaceFab.US, Sierra Nevada Corporation, Offworld, and Virgin Galactic.

LIST OF FIGURES

FIGURE 01. KEY MARKET SEGMENTS
FIGURE 02. EXECUTIVE SUMMARY
FIGURE 03. EXECUTIVE SUMMARY
FIGURE 04. TOP IMPACTING FACTORS
FIGURE 05. TOP INVESTMENT POCKETS
FIGURE 06. TOP WINNING STRATEGIES, BY YEAR, 20162019*
FIGURE 07. TOP WINNING STRATEGIES, BY YEAR, 20162019*
FIGURE 08. TOP WINNING STRATEGIES, BY COMPANY, 20162019*
FIGURE 09. MODERATE-TO-HIGH BARGAINING POWER OF SUPPLIERS
FIGURE 10. MODERATE-TO-HIGH THREAT OF NEW ENTRANTS
FIGURE 11. MODERATE THREAT OF SUBSTITUTES
FIGURE 12. HIGH-TO-MODERATE INTENSITY OF RIVALRY
FIGURE 13. HIGH-TO-MODERATE BARGAINING POWER OF BUYERS
FIGURE 14. MARKET SHARE ANALYSIS (2017)
FIGURE 15. GLOBAL ASTEROID MINING MARKET SHARE, BY PHASE TYPE, 20172025 (%)
FIGURE 16. COMPARATIVE SHARE ANALYSIS OF ASTEROID MINING MARKET FOR SPACE-CRAFT DESIGN, BY COUNTRY, 2017 & 2025 (%)
FIGURE 17. COMPARATIVE SHARE ANALYSIS OF ASTEROID MINING MARKET FOR LAUNCH, BY COUNTRY, 2017 & 2025 (%)
FIGURE 18. COMPARATIVE SHARE ANALYSIS OF ASTEROID MINING MARKET FOR OPERATION, BY COUNTRY, 2017 & 2025 (%)
FIGURE 19. GLOBAL ASTEROID MINING MARKET SHARE, BY ASTEROID TYPE, 20172025 (%)
FIGURE 20. COMPARATIVE SHARE ANALYSIS OF ASTEROID MINING MARKET FOR TYPE C, BY COUNTRY, 2017 & 2025 (%)
FIGURE 21. COMPARATIVE SHARE ANALYSIS OF ASTEROID MINING MARKET FOR TYPE S, BY COUNTRY, 2017 & 2025 (%)
FIGURE 22. COMPARATIVE SHARE ANALYSIS OF ASTEROID MINING MARKET FOR TYPE M, BY COUNTRY, 2017 & 2025 (%)
FIGURE 23. COMPARATIVE SHARE ANALYSIS OF ASTEROID MINING MARKET FOR OTHERS, BY COUNTRY, 2017 & 2025 (%)
FIGURE 24. GLOBAL ASTEROID MINING MARKET SHARE, BY APPLICATION, 20172025 (%)
FIGURE 25. COMPARATIVE SHARE ANALYSIS OF ASTEROID MINING MARKET FOR CONSTRUCTION, BY COUNTRY, 2017 & 2025 (%)
FIGURE 26. COMPARATIVE SHARE ANALYSIS OF ASTEROID MINING MARKET FOR RESOURCE HARVESTING, BY COUNTRY, 2017 & 2025 (%)
FIGURE 27. COMPARATIVE SHARE ANALYSIS OF ASTEROID MINING MARKET FOR 3D PRINTING, BY COUNTRY, 2017 & 2025 (%)
FIGURE 28. COMPARATIVE SHARE ANALYSIS OF ASTEROID MINING MARKET FOR OTHERS, BY COUNTRY, 2017 & 2025 (%)
FIGURE 29. ASTEROID MINING MARKET, BY REGION, 2017-2025 (%)
FIGURE 30. COMPARATIVE SHARE ANALYSIS OF ASIA PACIFIC ASTROID MINING MARKET, BY COUNTRY, 20172025 (%)
FIGURE 31. U. S. ASTEROID MINING MARKET, 20172025 ($MILLION)
FIGURE 32. CANADA ASTEROID MINING MARKET, 20172025 ($MILLION)
FIGURE 33. MEXICO ASTEROID MINING MARKET, 20172025 ($MILLION)
FIGURE 34. COMPARATIVE SHARE ANALYSIS OF EUROPE ASTROID MINING MARKET, BY COUNTRY, 20172025 (%)
FIGURE 35. U.K. ASTEROID MINING MARKET, 20172025 ($MILLION)
FIGURE 36. GERMANY ASTEROID MINING MARKET, 20172025 ($MILLION)
FIGURE 37. RUSSIA ASTEROID MINING MARKET, 20172025 ($MILLION)
FIGURE 38. LUXEMBOURG ASTEROID MINING MARKET, 20172025 ($MILLION)
FIGURE 39. REST OF EUROPE ASTEROID MINING MARKET, 20172025 ($MILLION)
FIGURE 40. COMPARATIVE SHARE ANALYSIS OF CHINA ASTROID MINING MARKET, BY COUNTRY, 20172025 (%)
FIGURE 41. CHINA ASTEROID MINING MARKET, 20172025 ($MILLION)
FIGURE 42. JAPAN ASTEROID MINING MARKET, 20172025 ($MILLION)
FIGURE 43. AUSTRALIA ASTEROID MINING MARKET, 20172025 ($MILLION)
FIGURE 44. REST OF ASIA-PACIFIC ASTEROID MINING MARKET, 20172025 ($MILLION)
FIGURE 45. COMPARATIVE SHARE ANALYSIS OF LAMEA ASTROID MINING MARKET, BY COUNTRY, 20172025 (%)
FIGURE 46. LATIN AMERICA ASTEROID MINING MARKET, 20172025 ($MILLION)
FIGURE 47. MIDDLE EAST ASTEROID MINING MARKET, 20172025 ($MILLION)
FIGURE 48. AFRICA ASTEROID MINING MARKET, 20172025 ($MILLION)

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About Us

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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