Latest COVID19/CORONA Virus Impact on Global Asteroid Mining Market 2020 Analysis with Market Positioning of Key Vendors: Deep Space Industries, Moon Express, Planetary Resources, Ispace

Asteroid Mining is known as the exploration of raw materials from asteroids and other minor planets that also includes near-earth objects. These activities have been backbone of human civilization in the development of technology. Mining activities have been carried out since the Bronze Age to meet the requirements of human civilization.

Increase in development of science and technology is key driving factor which is expected to boost the global asteroid mining market growth. Furthermore, increase in government investments and funding as well as ambitions by the government authorities will significantly influence the global asteroid mining market growth over the forecast period. Also, current and growing forthcoming space missions are expected to propel the asteroid mining market growth during this forecast timeline. Moreover, increase in adoption of in-situ resource utilization practice in exploration will fuel the market growth. Over the past few years, the human population has increased from 1.5 billion to more than 7 billion, propelling an ever-increasing demand for resources. Continuous technological advancements coupled with innovations are expected to support the global asteroid mining market.

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High initial costs associated with Asteroid mining and prospecting missions is the market restraint which is expected to hamper the global asteroid mining market growth. Also, asteroid mining activities creating huge environmental risks which affects space and earth which is expected to limit the market growth over the forecast period.

Market Segmentation

Global Asteroid Mining Market is segmented into phase such as Spacecraft Design, Launch, and Operation, by asteroid type such as Type C, Type S, Type M, and Others. Further, market is segmented into application such as Construction, Resource Harvesting, 3D Printing, and Others.

Also, Global Asteroid Mining Market is segmented into five regions such as North America, Latin America, Europe, Asia Pacific, and Middle East & Africa.

Market Key Players

Various key players are listed in this report such as Deep Space Industries, Moon Express, Planetary Resources, Ispace, Asteroid Mining Corporation, Shackleton Energy Company, Kleos Space, Transastra, Offworld, and Spacefab.Us

Market Taxonomy

By Phase

• Spacecraft Design
• Launch
• Operation

By Asteroid Type

• Type C
• Type S
• Type M
• Others

By Application

• Construction
• Resource Harvesting
• 3D Printing
• Others

By Region

• North America
• Latin America
• Europe
• Asia Pacific
• Middle East & Africa

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Vishal Thakur
Research Support Specialist
QualiKet Research
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QualiKet Research is a leading Market Research and Competitive Intelligence partner helping leaders across the world to develop robust strategy and stay ahead for evolution by providing actionable insights about ever changing market scenario, competition and customers. QualiKet Research is dedicated to enhancing the ability of faster decision making by providing timely and scalable intelligence. We use different intelligence tools to come up with evidence that showcases the threats and opportunities which helps our clients outperform their competition.

This release was published on openPR.