Space Mining Market 2020 Business Scenario – Bradford, Planetary Resources,Inc., Moon Express, ispace, and Asteroid Mining Corporation Limited

The space mining market is projected to register a CAGR of more than 20% during the forecast period, 2020 - 2038.

The Space Mining Market report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.

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The report presents the market competitive landscape and a corresponding detailed analysis of the major vendor/key players in the market. Top Companies in the Global Space Mining Market: Bradford, Planetary Resources,Inc., Moon Express, ispace, and Asteroid Mining Corporation Limited

Key Market Trends:

Government Initiatives to Help the Growth of the Market

Government initiatives are currently helping the growth of the market. The Commercial Space Launch Competitiveness Act, enacted by the United States in 2015, had encouraged private companies to undertake mining work beyond Earth. Additionally, the Luxembourg space mining law, which is passed as part of the SpaceResources initiative in 2017, aims to relax restrictions on private companies mining operations beyond Earth. Such initiatives have been the key driving factors for the market. After the Luxembourg initiative, more global powers were involved in Luxembourg’s space mining framework. In March 2019, Luxembourg held talks with Russia over a new treaty for the space mining. Thus, the space mining industry is expected to attract more enthusiastic countries in the future, due to the government initiatives.

North America is Expected to Hold the Largest Market Share in the Forecast Period

North America is expected to be the dominant market for space mining in the years to come. Currently, the United States is investing huge amounts in the space mining industry. NASA's OSIRIS-REx traveled to a near-Earth asteroid called Bennu and may bring a small sample back to Earth for study. The mission was launched in September 2016. After traveling through space for more than 2 years, NASA's OSIRIS-REx spacecraft arrived in December 2018 at its destination, asteroid Bennu. As planned, the spacecraft is expected to return a sample to Earth in 2023. Additionally, in October 2018, Deltion Innovations, a Canadian company focused on developing mining technologies and robotics for the resource sector, and announced its partnership with Moon Express, the first American private space exploration firm to have been granted government permission to travel beyond Earth's orbit. The companies may work together for collecting, processing, storing, and using materials found in celestial bodies. Such developments are expected to drive the growth of the market in the region during the forecast period.

Competitive Landscape

Bradford, Planetary Resources,Inc., Moon Express, ispace, and Asteroid Mining Corporation Limited are some of the prominent players continuing their research in the market. The market is in its nascent stage, with most of the progress expected to come in the next decade. Strategic acquisitions and partnerships may help the players to enhance their technological capabilities. In October 2018, Planetary Resources,Inc., a pioneer in the asteroid mining industry, was acquired by ConsenSys, a Brooklyn-based blockchain company. Moreover, in January 2019, Bradford, a US-owned space systems manufacturer with locations in the Netherlands and Sweden, announced that it has acquired Deep Space Industries Inc. Such acquisitions are expected to further consolidate the market.

Space Mining Market research report delivers a close watch on leading competitors with strategic analysis, micro and macro market trend and scenarios, pricing analysis and a holistic overview of the market situations in the forecast period. It is a professional and a detailed report focusing on primary and secondary drivers, market share, leading segments and geographical analysis. Further, key players, major collaborations, merger and acquisitions along with trending innovation and business policies are reviewed in the report. The report contains basic, secondary and advanced information pertaining to the Market global status and trend, market size, share, growth, trends analysis, segment and forecasts from 2020–2025.

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Table of Content

1 Market Overview
1.1 Market Segment Overview
1.1.1 Product Definition
1.1.2 Market by Type
1.1.3 Market by Application
1.2 Global Market Size

2 Global Market by Company
2.1 Global Sales by Company
2.2 Global Price by Company

3 Global Market by Type
3.1 Global Sales by Type
3.2 Global Price by Type

4 Global Market by Application
4.1 Global Sales by Application
4.2 Global Price by Application

5 Global Trade
5.1 Export
5.2 Import

6 Key Manufacturers
6.1 Company Information
6.2 Product Specifications
6.3 Business Data (Capacity, Sales Revenue, Volume, Price, Cost and Margin)

And Other…

Finally, all aspects of the Global Market are quantitatively as well qualitatively assessed to study the Global as well as regional market comparatively. This market study presents critical information and factual data about the market providing an overall statistical study of this market on the basis of market drivers, limitations and its future prospects. The report supplies the international economic competition with the assistance of Porter’s Five Forces Analysis and SWOT Analysis.

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Note: All the reports that we list have been tracking the impact of COVID-19. Both upstream and downstream of the entire supply chain have been accounted for while doing this. Also, where possible, we will provide an additional COVID-19 update supplement/report to the report in Q3, please check for with the sales team.

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