Global Asteroid Mining Market

Asteroid Mining Market Size, Share, Growth Analysis, By Phase (Space-Craft Design, Launch), By Type (Type C, Type M), By Application (Construction, Resource Harvesting), By Region - Industry Forecast 2024-2031


Report ID: SQMIG15J2064 | Region: Global | Published Date: February, 2024
Pages: 157 | Tables: 63 | Figures: 64

Asteroid Mining Market Competitive Landscape

The competitive landscape of the asteroid mining market is characterized by a mix of established aerospace and technology companies, as well as innovative startups aiming to capture a significant share in this emerging industry. Prominent players in the market, such as Planetary Resources and Deep Space Industries, are actively engaged in pioneering advanced technologies and strategies for successful asteroid mining missions. These companies often focus on developing robust spacecraft designs, efficient resource extraction methods, and navigation systems tailored for asteroid mining operations. Collaborations with governmental space agencies and private industry partnerships further enhance their market positions.

In addition to these key players, traditional aerospace giants like Boeing and Lockheed Martin are also showing interest in asteroid mining, leveraging their experience in space exploration and advanced engineering. This dynamic landscape is encouraging healthy competition, spurring innovation, and driving advancements in spacecraft design, resource extraction techniques, and overall mission capabilities..

Asteroid Mining Market Top Player’s Company Profile

  • Asteroid Mining Corporation Limited 
  • Bradford Space 
  • iSpace 
  • Kleos Space 
  • Moon Express 
  • Planetary Resources 
  • SpaceFab.US, Inc. 
  • OffWorld. 
  • Virgin Galactic 
  • Boeing. 
  • ISRO 
  • Shackleton Energy Company 
  • Trans Astronautica Corporation 
  • NASA 
  • Sierra Nevada Corporation 

Asteroid Mining Market

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Global Asteroid Mining Market size was valued at USD 2.1 billion in 2022 and is poised to grow from USD 2.5 billion in 2023 to USD 13.9 billion by 2031, growing at a CAGR of 23.6% during the forecast period (2024-2031). 

The competitive landscape of the asteroid mining market is characterized by a mix of established aerospace and technology companies, as well as innovative startups aiming to capture a significant share in this emerging industry. Prominent players in the market, such as Planetary Resources and Deep Space Industries, are actively engaged in pioneering advanced technologies and strategies for successful asteroid mining missions. These companies often focus on developing robust spacecraft designs, efficient resource extraction methods, and navigation systems tailored for asteroid mining operations. Collaborations with governmental space agencies and private industry partnerships further enhance their market positions. 'Asteroid Mining Corporation Limited ', 'Bradford Space ', 'iSpace ', 'Kleos Space ', 'Moon Express ', 'Planetary Resources ', 'SpaceFab.US, Inc. ', 'OffWorld. ', 'Virgin Galactic ', 'Boeing. ', 'ISRO ', 'Shackleton Energy Company ', 'Trans Astronautica Corporation ', 'NASA ', 'Sierra Nevada Corporation '

The rising uptake of In-Situ Resource Utilization (ISRU) techniques in space exploration, enabling the storage, collection, processing, and utilization of resources discovered on asteroids, is a significant catalyst for the increasing demand in the asteroid mining sector. This trend is anticipated to propel the growth trajectory of the asteroid mining market during the forecast period.

Increasing Focus on In-Situ Resource Utilization (ISRU): As the feasibility of ISRU grows, asteroid mining missions are leveraging this concept to extract, process, and utilize resources directly from asteroids. The ability to sustain future space exploration and provide resources for deep space missions drives interest in this trend.

North America holds a dominant position in the asteroid mining market, primarily driven by the robust growth of the domestic commercial space mining industry and the widespread adoption of innovative and advanced technologies within the region.

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Global Asteroid Mining Market

Report ID: SQMIG15J2064

$5,300
BUY NOW GET FREE SAMPLE