Press release
Space Mining Market to Reach USD 7.39 Billion by 2031, Driven by Rising Demand for Rare-Earth Metals and Lunar Resource Extraction Trends - Mordor Intelligence
Space Mining Market
Introduction
The space mining market size [https://www.mordorintelligence.com/industry-reports/space-mining-market-industry?utm_source=abnewswire] was valued at USD 2.58 billion in 2025 and is estimated to grow from USD 3.07 billion in 2026 to reach USD 7.39 billion by 2031, registering a CAGR of 19.18% during the forecast period (2026-2031). This expansion is supported by declining launch costs, growing demand for platinum group metals (PGMs) and rare-earth elements, and increasing government initiatives around extraterrestrial resource utilization. Early-stage extraction trials and technological advancements in in-situ resource utilization (ISRU) are encouraging commercial players to invest in off-planet mining projects. The Asia-Pacific region is expected to record the fastest growth, while Europe continues to dominate the space mining market share.
Key Market Trends
Several factors are shaping the dynamics of the space mining industry and defining current space mining market trends:
Declining Launch Costs: Reusable heavy-lift launch vehicles have significantly reduced orbital launch prices, enabling viable asteroid and lunar mining missions. Lower costs are attracting new entrants and intensifying competition across the ecosystem.
Rising Demand for Critical Metals: Fuel-cell technology, advanced batteries, and clean energy infrastructure are increasing global demand for PGMs and rare-earth metals. Terrestrial supply constraints are making space-based extraction an increasingly attractive alternative.
Government ISRU Programs and Artemis Accords: National and international frameworks are providing clarity on off-planet resource utilization and ownership while funding technology maturation, offering long-term stability for private mining initiatives.
Private Launch Service Expansion: The rapid growth of ride-share and commercial launch services is improving access to orbital platforms for smaller players, broadening participation across the commercial space mining value chain.
Microgravity Additive Manufacturing: Advances in microgravity 3D printing are enhancing in-situ construction and material utilization capabilities, supporting sustainable off-world infrastructure development.
Environmental and ESG Considerations: Emerging discussions around off-earth sustainability standards and carbon credit mechanisms are influencing investment decisions and long-term project planning.
Together, these developments reinforce positive outcomes highlighted in the broader space mining market analysis, creating both commercial and strategic opportunities for investors, governments, and space agencies.
Market Segmentation
By Application
*
Extraterrestrial Commodity
*
Construction
*
Human Life Sustainability
*
Fuel
*
Mining
*
3D Printing
By Resource Type
*
Water and Volatiles
*
Rare-Earth and Platinum Group Metals
*
Structural Elements
By Extraction Target Body
*
Near-Earth Asteroids (NEAs)
*
Main-Belt Asteroids
*
Lunar Regolith
*
Mars Moons (Phobos, Deimos)
By Mission Phase
*
Spacecraft Design and Engineering
*
Launch Services
*
Mining Operations and Logistics
By Geography
*
North America
*
South America
*
Middle East & Africa
*
Europe
*
Asia-Pacific
Key Players
*
Moon Express
*
Off-World, Inc.
*
Asteroid Mining Corporation
*
AstroForge
*
ispace, Inc.
Conclusion
The space mining industry [https://www.mordorintelligence.com/industry-reports/space-mining-market-industry?utm_source=abnewswire] is positioned for strong expansion, driven by declining launch costs, rising demand for critical minerals, and supportive regulatory frameworks. The expansion of private launch services and advancements in microgravity manufacturing are accelerating the transition from experimental missions to commercially viable operations. With Asia-Pacific emerging as the fastest-growing region and Europe maintaining leadership in overall market penetration, the space mining market forecast points to increasing capital inflows from both government and private stakeholders.
Overall, insights into the space mining market size, share, and evolving dynamics suggest a shift from theoretical exploration to actionable commercial mining initiatives. Companies across energy, aerospace, and advanced manufacturing sectors are actively evaluating off-planet opportunities to secure rare resources, strengthen technological capabilities, and diversify supply chains-positioning space mining as a critical pillar of future industrial development.
Industry Related Reports
Military Satellite Market [https://www.mordorintelligence.com/industry-reports/military-satellite-market?utm_source=abnewswire] : The Military Satellite Market report segments the industry into Satellite Mass (10-100kg, 100-500kg, 500-1000kg, Below 10 Kg, and more), Orbit Class (GEO, LEO, and more), Satellite Subsystem (Propulsion Hardware and Propellant, Satellite Bus & Subsystems, and more), Application (Communication, Earth Observation, and more), and Region (Asia-Pacific, Europe, and more).
Space Mining & Robots Market [https://www.mordorintelligence.com/industry-reports/global-space-mining-and-robots-market?utm_source=abnewswire] : The Space Mining & Robots Market is segmented by Region (Asia-Pacific, Europe, North America). Market Value in USD is presented. Key Data Points observed include spending on space programs in USD by region; and, the count of satellite launches by satellite launch mass.
GEO Satellite Market [https://www.mordorintelligence.com/industry-reports/global-geo-satellite-market?utm_source=abnewswire] : The GEO Satellite Market report segments the industry into Application (Communication, Earth Observation, Navigation, Space Observation, Others), Satellite Mass (10-100kg, 100-500kg, 500-1000kg, above 1000kg), End User (Commercial, Military & Government), Propulsion Tech (Electric, Gas based, Liquid Fuel), and Region (Asia-Pacific, Europe, North America, Rest of World).
About Mordor Intelligence
Mordor Intelligence is a trusted partner for businesses seeking comprehensive and actionable market intelligence. Our global reach, expert team, and tailored solutions empower organizations and individuals to make informed decisions, navigate complex markets, and achieve their strategic goals.
With a team of over 550 domain experts and on-ground specialists spanning 150+ countries, Mordor Intelligence possesses a unique understanding of the global business landscape. This expertise translates into comprehensive syndicated and custom research reports covering a wide spectrum of industries, including aerospace & defense, agriculture, animal nutrition and wellness, automation, automotive, chemicals & materials, consumer goods & services, electronics, energy & power, financial services, food & beverages, healthcare, hospitality & tourism, information & communications technology, investment opportunities, and logistics.
For any inquiries or to access the full report, please contact:
media@mordorintelligence.comhttps://www.mordorintelligence.com/
Media Contact
Company Name: Mordor Intelligence Private Limited
Contact Person: Jignesh Thakkar
Email:Send Email [https://www.abnewswire.com/email_contact_us.php?pr=space-mining-market-to-reach-usd-739-billion-by-2031-driven-by-rising-demand-for-rareearth-metals-and-lunar-resource-extraction-trends-mordor-intelligence]
Phone: +1 617-765-2493
Address:11th Floor, Rajapushpa Summit, Nanakramguda Rd, Financial District, Gachibowli
City: Hyderabad
State: Telangana 500008
Country: India
Website: https://www.mordorintelligence.com/
Legal Disclaimer: Information contained on this page is provided by an independent third-party content provider. ABNewswire makes no warranties or responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you are affiliated with this article or have any complaints or copyright issues related to this article and would like it to be removed, please contact retract@swscontact.com
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Space Mining Market to Reach USD 7.39 Billion by 2031, Driven by Rising Demand for Rare-Earth Metals and Lunar Resource Extraction Trends - Mordor Intelligence here
News-ID: 4345432 • Views: …
More Releases from ABNewswire
MT Dunn Plumbing Expands Emergency Services in Hillsboro & Across Portland, Oreg …
MT Dunn Plumbing LLC (CCB# 234243) expands 24/7 emergency services across Hillsboro, Beaverton, Portland & Washington County. The licensed, bonded, and insured contractor provides immediate response for burst pipes, water heater failures, sewer backups, and drain clogs. Operating from Hillsboro, owner Michael T Dunn serves residential and commercial properties region-wide. Emergency contact: 503-640-2458 or mtdunnplumbing.com.
Hillsboro, OR - MT Dunn Plumbing LLC, a licensed and established plumbing contractor serving the Portland…
Beyond the Prompt: How Mimic Motion Architecture is Redefining the 2026 Passive …
Image: https://www.abnewswire.com/upload/2026/02/ac57e1a7b6e53a95f52ea0f18fcb990c.jpg
As we move through 2026, the digital economy is no longer just about "what" you show, but "how" it moves. Static content is losing ground to kinetic, motion-driven narratives that capture attention in seconds. At the center of this shift is Loova, whose proprietary Mimic Motion architecture has become the secret engine behind some of the most successful passive income streams this year.
This report breaks down the technical logic…
The Real Cost of Convenience: A Complete Guide to Vending Machine Startup Costs
Image: https://www.abnewswire.com/upload/2026/02/32ec9ac40420df59e70c21070d981def.jpg
The dream of earning passive income often leads aspiring entrepreneurs to the world of automated retail. It is a sector defined by low labor requirements and the ability to generate revenue around the clock. However, before you can stock your first row of snacks, you must understand the financial commitment required to get your equipment on-site. Many beginners find themselves asking how much do vending machines cost [https://dfyvending.com/vending-machine-startup-costs] as…
Benji Personal Injury Surpasses 1,000 Cases Won as California Accident Victims S …
Benji Personal Injury Accident Attorneys, A.P.C. has surpassed 1,000 personal injury cases resolved across California, reflecting a growing demand for trialready legal representation. The firm's litigationfirst approach has led to multimilliondollar verdicts and settlements, helping accident victims secure significantly higher compensation through courtroomfocused preparation.
LOS ANGELES, CA - Benji Personal Injury Accident Attorneys, A.P.C. announced today that the firm has successfully resolved over 1,000 personal injury cases, marking a significant milestone…
More Releases for Mining
Gold Mining Market is Booming Worldwide | Newmont Mining, Coeur Mining, Freeport …
The " Gold Mining - Market Development Outlook " Study has been added to AMA Research repository. The study envisage detailed qualitative as well as quantitative market data insights and follows Industry benchmark classification and NAICS standards to built strong players coverage in the study. Some of the major and emerging players identified are Newmont Mining United States), Coeur Mining (United States), Freeport-McMoRan (United States), North Bloomfield Mining and Gravel…
Mining Equipment Market by Type (Mineral Processing Equipment; Surface Mining Eq …
Asia-Pacific serves as the most productive region as compared to others with diverse industry verticals significantly investing in mining equipment. Moreover, various domestic players are investing in the mining sector, which is anticipated to boost the demand for mining equipment such as crusher, trucks, loaders, diggers, and others as to complete operations with reduced labor cost and high precision of work within optimized time. Furthermore, the surface mining equipment market…
Mining Equipment Market by Type (Mineral Processing Equipment; Surface Mining Eq …
Asia-Pacific serves as the most productive region as compared to others with diverse industry verticals significantly investing in mining equipment. Moreover, various domestic players are investing in the mining sector, which is anticipated to boost the demand for mining equipment such as crusher, trucks, loaders, diggers, and others as to complete operations with reduced labor cost and high precision of work within optimized time. Furthermore, the surface mining equipment market…
Coal Mining Market by Mining Technology, Underground Mining and Application with …
Coal has been a fundamental source of energy since many years. Presently, coal is majorly used to power generation, steel production, and as a fluid fuel. China accounts for majority of the total coal production across the globe.
The report segments the coal mining market on the basis of mining technology, application, and geography. On the basis of mining technology, the market is bifurcated into surface mining and underground mining.
Surface…
Base Metals Mining Market in China to 2021| Zijin Mining Group Company, China Da …
Albany, NY, 1st November : Recent research and the current scenario as well as future market potential of "Base Metals Mining in China to 2021-Robust Consumption and Imports Expected in the Upcoming Years" globally.
Summary
GlobalDatas "Base Metals Mining in China to 2021", report covers comprehensive information on Chinas base metal (copper, nickel, zinc, and lead) mining industry, base metal (copper, nickel, zinc, and lead) reserves and grade, the historical and forecast…
Coal Mining Market by Mining Technology {Surface Mining (Strip Mining, Auger Min …
Coal has been a fundamental source of energy since many years. Presently, coal is majorly used to power generation, steel production, and as a fluid fuel. China accounts for majority of the total coal production across the globe.
Access Full Summary: https://www.alliedmarketresearch.com/coal-mining-market
The growth of the Asia-Pacific coal mining market is driven by increase in usage of coal in steel manufacturing and electricity generation. However, stringent government regulations towards environmental pollution due…
