Space Mining Market Report offers in-depth assessments, emerging and niche segments, industry analysts, and Information with Forecast to 2026 | ConsenSys, Bradford Space, Moon Express, Ispace

The Space Mining Market report offers perceptive information regarding drivers, restraints, opportunities, and trends of the Space Mining Market. With the use of historic data from (period), the Space Mining Market report offers Y-o-Y growth and CAGR until 2026. The insightful data offered in the report makes it an invaluable resource for industry executives, marketing, sales and product managers, consultants, analysts, and stakeholders that are in search of major industry information in ready-to-access documents with clearly presented tables and graphs.

The various contributors involved in the value chain of the product include manufacturers, suppliers, distributors, intermediaries, and customers.

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Short Description of Space Mining Market

In space, there is a lot of potential for mining resources. Asteroid mining, for example, is a hypothetical method for extracting materials from the asteroid belt. This could include near-Earth objects like asteroids. It may also include asteroids that are far away from Earth. However, before we even begin to imagine the possibilities of mining asteroid material, we must first understand what space mining is. What is space mining?

Mining in space requires a tremendous amount of infrastructure, but the rewards are huge. We would harvest metals, ice, hydrogen, and helium-3 from asteroids. But before we can mine asteroids, we must first develop the infrastructure that will enable us to do this. And this is just the beginning. Fortunately, there is much more potential for mining in space than you might think.

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Competitive Landscape:

ConsenSys (Planetary Resources)
Bradford Space (Deep Space Industries)
Moon Express
Ispace
Asteroid Mining Corporation
Trans Astronautica Corporation
OffWorld
SpaceFab
Ispace
Asteroid Mining Corporation

Market Dynamics

Increasing funding in space mining is expected to propel the growth of the global space mining market over the forecast period. For instance, in November 2021, Inversion, the U.S.-based space startup, raised US$ 10 million in seed funding to develop a re-entry capsule to bring cargo from space back to Earth. The capsule could be used to return materials from the moon or asteroids if companies start mining space resources.

Moreover, the launch of space mining test spacecraft is also expected to aid in the growth of the global space mining market. For instance, in April 2021, The China Aerospace Science and Technology Corp. launched a small space mining test spacecraft and eight other commercial satellites into orbit on a Long March 6 rocket.

The Asia Pacific is witnessing the implementation of new laws related to space mining. For instance, in June 2021, Japan’s parliament approved legislation that allows companies to extract and utilize space resources. The bill grants Japanese companies permission to prospect for, extract and use various space resources.

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By product type, the market is primarily segmented into

C-Type Carbonaceous Asteroids
S-Type Silicaceous Asteroids
M-Type Metallic Asteroids

By the End-user Applications, the market is primarily segmented into

Fuel
Construction
3D Printer

On the basis of region, the market is divided into:

North America (U.S. and Canada)
Latin America (Brazil, Mexico, Argentina, Columbia, and Rest of Latin America)
Europe (Germany, the U.K., France, Russia, Italy, and Rest of Europe)
Asia Pacific (China, Japan, South Korea, India, Southeast Asia, and Rest of Asia Pacific)
Middle East (Saudi Arabia, UAE, Egypt, and Rest of Middle East)
Africa (North Africa, Central Africa, and South Africa)

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Key Takeaways

Increasing funding in space mining is expected to propel the growth of the global space mining market over the forecast period. For instance, in October 2021, NASA partnered with the Australian Space Agency for cooperation on a future robotic lander mission where Australia will provide a small rover as part of a test of resource utilization technologies. The Australian government had earlier announced US$ 110 million for mining and robotic operations, for lunar exploration.

Major players operating in the global space mining market include ConsenSys (Planetary Resources), Bradford Space (Deep Space Industries), Moon Express, Ispace, Asteroid Mining Corporation, Trans Astronautica Corporation, OffWorld, SpaceFab, and Asteroid Mining Corporation

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