Press release
Global S-Type Silicaceous Asteroids Mining Market to Reach $1.08 Billion by 2031, Growing at 20.2% CAGR, Led by ConsenSys and Moon Express
According to the recent report by QYResearch, in 2025, the S-Type Silicaceous Asteroids Mining market continues to accelerate, driven by breakthrough missions, growing capital investment, and the increasing viability of in-space manufacturing and fuel generation. Following a strong market value of USD 302 million in 2024, industry analysts project the sector will reach USD 1075 million by 2031, with a CAGR of 20.2% between 2025 and 2031. This surge is fueled by demand for magnesium silicates, iron, and platinum-group metals sourced from S-Type asteroids, which are now targeted for both raw material extraction and strategic space infrastructure development.Get Full PDF Sample Copy of Report: (Including Full TOC, List of Tables & Figures, Chart) https://www.qyresearch.com/sample/4891397
Company List
• ConsenSys
• Bradford Space
• Moon Express
• Ispace
• Asteroid Mining Corporation
• Trans Astronautica Corporation
• OffWorld
• SpaceFab
• Boeing
• Northrop Grumman Corporation
Product profiles for five leading companies:
1. Moon Express - MX 9 Frontier Class Explorer
• Product: MX 9 spacecraft in the "MX lander family"
• Configuration: 9 engine platform, custom designed for sample return missions
• Payload capacity: Approximately 500 kg to lunar surface from geosynchronous transfer orbit (GTO)
• Key features: Modular design enabling use as orbiter, lander, deep space probe, or sample return vehicle; eco friendly PECO propulsion using RP 1 and hydrogen peroxide.
________________________________________
2. Asteroid Mining Corporation - SCAR E Hexapedal Robot
• Product: SCAR E ("Space Capable Asteroid Robotic-Explorer")
• Type: Hexapod climbing robot for exploration applications
• Capabilities: Designed to traverse extreme, cratered terrain on asteroids or the Moon; supports autonomous mineral mapping and sample acquisition
• Terrestrial relevance: Also applicable to hazardous environments like offshore energy, mining tunnels, and deep-sea robotics
• Status: Built for deployment in near-term lunar demo missions, with asteroid application roadmap by 2026.
________________________________________
3. AstroForge - Brokkr 1 CubeSat Extractor
• Product: Brokkr 1, a 6U CubeSat spacecraft
• Primary purpose: Demonstrate extraction of metals from asteroid like material; vaporizes sample and separates metal content in microgravity
• Mission notes: Launched in 2023; achieved partial success in validating core technologies like thermal separation, although some spacecraft systems encountered early challenges.
________________________________________
4. ispace - Resilience Lander + Tenacious Micro Rover
• Product & Mission components: Resilience lander and Tenacious rover (Mission 2)
• Objective: Demonstrate regolith sampling, terrain navigation, and in-situ resource collection (ISRU) for future lunar and asteroid missions
• Key metric: Micro-rover configured to operate under low-gravity and dust-heavy conditions with enhanced traction and low-power operation
• Timeline: Launch planned for 2025 with extended asteroid mission development roadmap to 2027.
________________________________________
5. OffWorld - AI Powered Swarm Mining Robots
• Product concept: Modular, autonomous robotic mining "swarms" for planetary surfaces and asteroid belts
• Performance capacity: Scalable architecture capable of processing between hundreds of tons to over one million tons of ore per year
• Features: AI-coordinated operations, terrain adaptability, modular toolsets for excavation, sorting, and refinement in situ; powered via solar-electric hybrid systems
• Strategic goal: Enable zero-emission, high-volume mining operations for future off-Earth resource industrialization.
Application Categories
• Fuel
• Construction
• 3D Printer
• Others
Product Classification
• Magnesium Silicate
• Iron
• Others
2025 Industry Trends and Key Developments
ConsenSys, a front-runner in the 2024 market, is expected to extend its lead with an anticipated follow-up to its in-orbit survey program initiated last year. The company has been working to refine autonomous resource mapping software tailored for iron- and silicate-rich asteroids. Meanwhile, Asteroid Mining Corporation and OffWorld are collaborating on a joint venture involving multi-arm robotic platforms designed for precise excavation on low-gravity asteroid surfaces-a concept successfully demonstrated in February 2025 via a low-Earth orbit prototype test.
AstroForge (not listed in the report but cited in recent public news) made headlines in early 2025 with its ambitious "Odin" mission, launched aboard a SpaceX Falcon 9 rocket. Although communication issues were reported with the Odin spacecraft after it departed Earth orbit toward asteroid 2022 OB5, the mission confirmed successful deployment of its payload and initial data relays, reaffirming industry confidence in near-Earth asteroid targeting for precious metals.
Another major player, Karman+, secured $20 million in new venture capital funding in February 2025 to develop autonomous spacecraft aimed at mining volatile elements like hydrogen and methane from silicaceous asteroids. These volatiles will be essential in producing on-site propellants for future orbital refueling stations-a concept expected to reshape satellite and cargo logistics in deep space.
In terms of geographic expansion, China and Germany are the top contenders in the Asia-Pacific and European regions, respectively. China's national space program is increasingly collaborating with private ventures like Ispace and SpaceFab, and both are participating in asteroid reconnaissance satellite programs as of Q2 2025. Germany, on the other hand, is positioning itself as a manufacturing base for asteroid-bound robotic hardware, particularly focusing on 3D-printing applications in orbital construction using raw silicate and metal powders refined from mined materials.
The construction and 3D printer segments are expected to be major end-use markets by 2031. Companies like Trans Astronautica Corporation and Moon Express are investing in large-scale modular habitats and off-Earth manufacturing labs that rely on asteroid-sourced iron and magnesium silicate. These materials are ideal for radiation shielding and in-situ printing of structural supports, further reducing Earth-based payload dependency.
Technological innovation also defines the sector's momentum. Miniaturized spectrometers, AI-driven mineral classifiers, and autonomous navigation systems are being integrated across next-gen asteroid probes. Bradford Space recently revealed its 2025 roadmap for propulsion systems specifically optimized for deep-space maneuverability in missions involving dense silicaceous targets.
Simultaneously, Northrop Grumman and Boeing are strengthening their long-term presence through partnerships with startup players and space agencies to build the infrastructure necessary for commercial asteroid mining. These include docking systems, orbital processing units, and long-duration autonomous mining platforms. Their contributions are seen as essential to scaling operations from sample retrieval to continuous resource extraction.
From a market segmentation view, the Fuel application category leads in 2024 and is projected to grow rapidly. With the increasing emphasis on long-duration space missions and on-site refueling capabilities, hydrogen and methane derived from volatiles in S-Type asteroids will form the backbone of sustainable interplanetary transport by the early 2030s.
In regional terms, North America maintains dominance, buoyed by deep-pocketed investors and advanced launch infrastructure. However, Asia-Pacific shows the fastest CAGR, particularly with China's government-private partnerships and Japan's role in autonomous system development. Southeast Asia and India are emerging as component suppliers, especially in software and sensor technology.
Request for Pre-Order Enquiry On This Report https://www.qyresearch.com/customize/4891397
Verified downstream customers:
• NASA
• Tohoku University Space Robotics Laboratory
• E2IN2 S.A.
• ispace
• International Lunar Observatory Association
• INFN National Laboratories of Frascati
• University of Maryland
• Celestis
• Japanese Space Agency
• Luxembourg Space Agency
• Rocket Lab
In summary, 2025 marks a turning point in the commercialization of S-Type asteroid mining. While technical challenges remain-such as surface anchoring and resource sorting-the combined effect of public-private innovation, targeted funding, and rising demand for rare materials across defense, energy, and aerospace sectors ensures sustained momentum. As market leaders leverage AI, autonomous robotics, and orbital logistics, the next frontier in off-world resource development is already unfolding.
Contact Details
Tel: +1 626 2952 442 ; +41 765899438(Tel & Whatsapp); +86-1082945717
Email: john@qyresearch.com; global@qyresearch.com
Website: www.qyresearch.com
About us:
QY Research has established close partnerships with over 71,000 global leading players. With more than 20,000 industry experts worldwide, we maintain a strong global network to efficiently gather insights and raw data.
Our 36-step verification system ensures the reliability and quality of our data. With over 2 million reports, we have become the world's largest market report vendor. Our global database spans more than 2,000 sources and covers data from most countries, including import and export details.
We have partners in over 160 countries, providing comprehensive coverage of both sales and research networks. A 90% client return rate and long-term cooperation with key partners demonstrate the high level of service and quality QY Research delivers.
More than 30 IPOs and over 5,000 global media outlets and major corporations have used our data, solidifying QY Research as a global leader in data supply. We are committed to delivering services that exceed both client and societal expectations.
Chapter Outline:
Chapter 1: Introduces the report scope of the report, executive summary of different market segments (by region, product type, application, etc), including the market size of each market segment, future development potential, and so on. It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.
Chapter 2: key insights, key emerging trends, etc.
Chapter 3: Manufacturers competitive analysis, detailed analysis of the product manufacturers competitive landscape, price, sales and revenue market share, latest development plan, merger, and acquisition information, etc.
Chapter 4: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter 5 & 6: Sales, revenue of the product in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space, and market size of each country in the world.
Chapter 7: Provides the analysis of various market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 8: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 9: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 10: The main points and conclusions of the report.
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