Asteroid Mining Market Forecast to 2028 - COVID-19 Impact and Global Analysis

Summary:

The Asteroid Mining Industry report provides a basic overview of the market including definitions, classifications, applications and industry chain structure. The Asteroid Mining Market analysis is provided for the international market including development history, competitive landscape analysis, and major regions' development status.

Description:

The extraction of raw materials from asteroids and other minor planets, including near-earth ones, is referred to as asteroids mining. Minerals can be extracted from an asteroid or a spent comet and used in space for construction or returned to Earth. Gold, iridium, silver, osmium, palladium, platinum, nickel, and aluminum are examples of these resources or raw materials. With the rise in the world's population, there is an increase in demand for the planet's limited resources. As a result, many governments and private companies have turned their attention to outer space in search of different resources, fueling the global asteroid mining industry.

MARKET DYNAMICS

The asteroid mining market is expected to grow due to ongoing and upcoming space mining missions, growing private stakeholder investments in space mining companies, and the adoption of 3D printing technology in asteroid mining. Furthermore, the industry is expected to benefit from factors such as an increase in the number of government initiatives to draught regulations for asteroid mining and the introduction of the In-Situ Resource Utilization (ISRU) practice in space exploration. However, the high cost of mining techniques and legislation governing proprietary rights serve as a significant impediment to the growth of the asteroid mining industry. Furthermore, the market's growth is hampered by numerous risks associated with asteroids mining.

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MARKET SCOPE

The "Global Asteroid Mining Market Analysis to 2028" is a specialized and in-depth study of the asteroid mining market with a special focus on the global market trend analysis. The report aims to provide an overview of asteroid mining market with detailed market segmentation by phase, asteroid type and extraction technology. The global asteroid mining market expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading asteroid mining market player and offers key trends and opportunities in the asteroid mining market.

MARKET SEGMENTATION

The global asteroid mining market is segmented on the basis of phase, asteroid type and extraction technology. On the basis of phase the market is segmented as, spacecraft design, launch and operation. On the basis of asteroid type the market is segmented as, Type C, type S, type M and others. Further, based on extraction technology the market is segmented as, shaft mining, magnetic rakes, heating, surface mining, mond process, others.

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The report also includes the profiles of key asteroid mining market companies along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, components and services offered, financial information of last 3 years, key development in past five years.

Asteroid Mining Corporation Limited
Bradford
iSpace, Inc
Kleos Space
Moon Express
Planetary Resources
US
Sierra Nevada Corporation
Offworld
Virgin Galactic

The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.

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