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/
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Company Name: Mordor Intelligence Private Limited
Contact Person: Jignesh Thakkar
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