Press release
Space Mining Market to reach USD 30.65 Bn by 2029, emerging at a CAGR of 13 percent and forecast 2023-2029
Space Mining Market
Space mining, the extraction of raw materials from asteroids and small planets, is the focus of this report. The primary aim of space mining is to meet the demand for valuable minerals such as platinum, gold, silver, nickel, and aluminum, as well as the collection of ice water for use as rocket propellant on C-type asteroids. The report delves into various aspects of the space mining industry, including market dynamics, drivers, restraints, and regional insights.
The market size for the year 2022 is based on real numbers and data from key players across the globe, with a consideration of the trends from the past five years. The impact of the exceptional year 2020, marked by the COVID-19 pandemic and lockdowns, has been analyzed by region.
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Space Mining Market Dynamics:
The space mining market is driven by current and prospective mining missions, increased private stakeholder investments in space mining enterprises, and government activities and regulations supporting the sector. The government's promotion of asteroid and planetary mining, along with the abundance of metals and water in space, is positively influencing market growth.
Challenges facing the space mining industry include technological limitations, high costs, and potential environmental and space-related risks. The return on investment in space mining is expected to take time, limiting market growth.
Space Mining Market Regional Insights:
Asia Pacific is expected to witness significant growth at a CAGR of 4.27%, with China and Japan making substantial investments in research and development for future space mining missions. Meanwhile, North America, particularly the United States, leads the space mining market due to the presence of numerous private enterprises.
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Space Mining Market Segmentation:
by Product
Type C
Type S
Type M
Others
by Type
Construction
Resource Harvesting
3D Printing
Others
by Application
Space Craft Design
Launch
Operation
Space Mining Market Key Players:
1. ASTEROID MINING CORPORATION LIMITED
2. BRADFORD
3. SPACE
4. KLEOS SPACE S.A.
5. MOON EXPRESS
6. PLANETARY RESOURCES
7. SPACEFAB.US
8. SIERRA NEVADA CORPORATION
9. OFFWORLD
10. VIRGIN GALACTIC
11. Boeing. (US)
12. ISRO (India)
13. Shackleton Energy Company (US)
14. Northrop Grumman Corporation. (US)
15. Airbus S.A.S. (Netherlands)
16. Trans Astronautica Corporation. (US)
17. NASA (US) XX
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Table of content for the Space Mining Market includes:
1. Global Space Mining Market: Research Methodology
2. Global Space Mining Market: Executive Summary
• Market Overview and Definitions
• Introduction to the Global Market
• Summary
• Key Findings
• Recommendations for Investors
• Recommendations for Market Leaders
• Recommendations for New Market Entry
3.Global Space Mining Market: Competitive Analysis
• MMR Competition Matrix
• Market Structure by region
• Competitive Benchmarking of Key Players
• Consolidation in the Market
• M&A by region
• Key Developments by Companies
• Market Drivers
• Market Restraints
• Market Opportunities
• Market Challenges
• Market Dynamics
• PORTERS Five Forces Analysis
• PESTLE
• Regulatory Landscape by region
• North America
• Europe
• Asia Pacific
• Middle East and Africa
• South America
• COVID-19 Impact
4 . Company Profile: Key players
• Company Overview
• Financial Overview
• Global Presence
• Capacity Portfolio
• Business Strategy
• Recent Developments
Key Offerings:
• Past Market Size and Competitive Landscape (2022 to 2029)
• Past Pricing and price curve by region (2022 to 2029)
• Market Size, Share, Size and Forecast by different segment | 2022-2029
• Market Dynamics - Growth Drivers, Restraints, Opportunities, and Key Trends by region
• Market Segmentation - A detailed analysis by growth and trend
• Competitive Landscape - Profiles of selected key players by region from a strategic perspective
• Competitive landscape - Market Leaders, Market Followers, Regional player
• Competitive benchmarking of key players by region
• PESTLE Analysis
• PORTER's analysis
• Value chain and supply chain analysis
• Legal Aspects of business by region
• Lucrative business opportunities with SWOT analysis
• Recommendations
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