Space Mining Market Foreseen to Grow Exponentially by 2025 | Deep Space Industries, Planetary Resources, Moon Express, iSpace, Asteroid Mining, Shackleton Energy, Kleos Space and TransAstra

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Space mining also known as asteroid mining is a process that is involved in exploitation of raw materials from asteroids and other minor planets, as well as near-Earth objects. Minerals are extracted from a spent comet or asteroid, then taken back to Earth or utilized in space for construction materials.

The key factors propelling the growth of space mining are increasing government initiatives and investments to frame regulations for asteroid mining and impending and ongoing space mining missions. Further, government initiatives resulting in rising number of start-ups and adoption of In-Situ Resource Utilization (ISRU) practice in space exploration are anticipated to provide growth opportunities over the next few years.

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Top Leading Space Mining Market Players:

1. Deep Space Industries, Inc.
2. Planetary Resources, Inc.
3. Moon Express
4. iSpace
5. Asteroid Mining Corporation
6. Shackleton Energy Company
7. Kleos Space S.A.
8. TransAstra Corporation
9. SpaceFab.US
10. National Aeronautics and Space Administration

However, high costs allied with asteroid mining and huge environmental risks due to mining activities are some of the restraints that are hindering the market to grow.

Key Benefits-

• To provide detailed information regarding the major factors (drivers, restraints, opportunities, challenges, and trends) influencing the growth of the global Space Mining Market.
• To forecast the size of the market segments with respect to four major regional segments, namely, North America, Europe, Asia Pacific, and the Rest of the World (Latin America and the Middle East & Africa).

MARKET SEGMENTATION:-

• Space mining Market - By Phase
• Space mining Market - By Type of Asteroid
• Space mining Market - By Application
• Space mining Market - By Region

Worldwide Space Mining Market Analysis to 2025 is a specialized and in-depth study of the Space Mining Industry with a focus on the global market trend. The report aims to provide an overview of global Space Mining Market with detailed market segmentation by product/application and geography. The global Space Mining Market is expected to witness high growth during the forecast period. The report provides key statistics on the Market status of the Space Mining players and offers key trends and opportunities in the market.

The Space Mining Market report is a combination of qualitative as well as quantitative analysis which can be broken down into 40% and 60% respectively. Market estimation and forecasts are presented in the report for the overall global market from 2018 – 2025, considering 2018 as the base year and 2018 – 2025 forecast period. Global estimation is further broken down by segments and geographies such as North America, Europe, Asia-Pacific, Middle East & Africa and South America covering major 16 countries across the mentioned regions.

The qualitative contents for geographical analysis will cover market trends in each region and country which includes highlights of the key players operating in the respective region/country, PEST analysis of each region which includes political, economic, social and technological factors influencing the growth of the market.

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What our report offers:

- Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the Global Space Mining Market
- Highlights key business priorities in order to assist companies to realign their business strategies.
- The key findings and recommendations highlight crucial progressive industry trends in the Space Mining Market, thereby allowing players to develop effective long term strategies.
- Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
- Scrutinize in-depth global market trends and outlook coupled with the factors driving the market, as well as those hindering it.
- Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to products, segmentation and industry verticals.

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This release was published on openPR.