Space Mining Market to Reach USD 7.41 Billion by 2032, Says Stratview Research

The Space Mining Market, which focuses on extracting water, metals, and other valuable materials from celestial bodies such as asteroids and the Moon for use in space missions and future space infrastructure, is projected to reach USD 7.41 billion by 2032, expanding at a CAGR of 17.6% during the forecast period from 2025 to 2032. This growth is being propelled chiefly by advancements in space technology and robotics, reducing barriers to resource extraction in space, thereby enabling missions that can support long-duration space exploration and potential commercial utilization of off-Earth resources.

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Market Statistics

• Market size (2024): USD 2.02 billion
• Forecast value (2032): USD 7.41 billion
• CAGR (2025-2032): 17.6%
• Forecast period: 2025-2032
• Base year: 2024
• Total number of segments: 3
• Tables & figures: 100+
• Country-Level Market Assessment: 20

Market Segmentation

Global Space Mining Market, by Asteroid Type
• C-Type
• S-Type
• M-Type

Global Space Mining Market, by Phase Type
• Launch
• Operation
• Spacecraft Design

Global Space Mining Market, by Region
• North America (Country Analysis: The USA, Canada, and Mexico)
• Europe (Country Analysis: Germany, France, Italy, The UK, and Rest of Europe)
• Asia-Pacific (Country Analysis: Japan, China, India, and Rest of Asia-Pacific)
• Rest of the World (Country Analysis: Brazil, Saudi Arabia, and Others)

Segment Analysis

Within the asteroid type segmentation, the C-Type segment is anticipated to experience the most robust growth due to the carbonaceous asteroids' rich volatile composition such as water and carbon-based molecules, which are essential for sustainable space missions and in-space resource utilization; companies focusing on resource extraction from these asteroids are likely to secure strategic positions as the industry evolves.

For the phase type segmentation, the Spacecraft Design segment is expected to hold the highest CAGR during the forecast period as advances in lightweight materials, propulsion, navigation, and autonomous systems increase mission success rates, prompting space and technology firms to invest in design capabilities that can operate effectively in harsh extraterrestrial environments.

Regional Insights

North America is expected to be both the dominant and fastest-growing region for the space mining market due to substantial investments in space technology and infrastructure, coupled with active participation from government agencies and private aerospace firms that are advancing robotics and resource extraction platforms, making the region a focal point for commercialization strategies in space resource markets.

Market Drivers

• Cutting-edge advancements in space technology, robotics, and autonomous systems expanding viable extraction missions.
• Increasing demand for rare earth elements, metals, and water for space exploration and future off-Earth manufacturing.
• Rising private sector funding and strategic partnerships driving space resource extraction programs.
• Need for in-space resource utilization to support long-duration missions and reduce dependence on Earth-based supply chains.
• Technological integration of advanced propulsion and guidance systems reducing mission risk.

Competitive Landscape

Top Companies in the Market
• Asteroid Mining Corporation
• Deep Space Resources
• European Space Agency
• iSpace
• Moon Express
• Offworld
• Planetary Resources
• Spacefab US
• Transastra

FAQs

1.What will be the size of the global space mining market by 2032?
The global space mining market is expected to reach USD 7.41 billion by 2032 with a CAGR of 17.6% from 2025 to 2032.

2.Which asteroid type segment is forecast to grow the fastest in the space mining market?
The C-Type asteroid segment is anticipated to experience higher growth due to its resource-rich composition that supports future space missions and in-space resource needs.

3.What phase type segment is expected to see significant investment through 2032?
The Spacecraft Design segment is expected to hold the highest CAGR as investments in advanced design technologies improve mission capabilities.

4.Why does North America dominate the space mining market?
North America's dominance is due to substantial investments in technological infrastructure, aerospace R&D, and active public-private participation in space exploration.

5.Who are some key players in the space mining market?
Key players include Asteroid Mining Corporation, Deep Space Resources, European Space Agency, iSpace, Moon Express, and others advancing technologies and extraction initiatives.

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This release was published on openPR.