Space mining Market

Space Mining Market Size & Overview – Key Insights & Forecast

Base Year: 2023 Historical Data: 2020-22
  • Report ID: TBI-12612
  • Published Date: Oct, 2024
  • Pages: 234
  • Category: Aerospace & Defence
  • Format: PDF
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Market Introduction

Global space mining market is anticipated to reach USD 7.253.97 Million by 2033, at a CAGR of 19.98% from 2021 to 2030. The rising research and development activities in the space mining across the globe are driving the growth of the market.

Space mining refers to the process of mining asteroids and other planets for the search of commodity materials. Space mining is also known as asteroid mining. The minerals and other elements mined from these planets can be taken back to earth or can be used in space for construction materials. Asteroids are the minor rocky and metallic objects that orbit around the sun. They are located at the main asteroid belt- a region between orbits of Jupiter and Mars. They are much smaller than the planets. These asteroids' composition varies from metallic to volatile-rich bodies with a high concentration of rare metals such as silver, platinum, gold, etc. In addition to this, they also contain the most common materials, such as iron and nickel. Space mining is the proposed approach to mine these critical elements from the asteroids. Space mining is showing a promising method to mining these rear elements.

For space mining, the minors used the same techniques and technology similar to those used on the earth. Some of the methods used in space mining are tunnel into veins of specific substances and scraping desired material of the asteroid. At present, space mining is a highly complex industry, and research and development activities to successfully exploit these elements are under development.

Space mining Market Size

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1. Introduction
    1.1. Objectives of the Study
    1.2. Market Definition
    1.3. Research Scope
    1.4. Currency
    1.5. Key Target Audience

2. Research Methodology and Assumptions

3. Executive Summary

4. Premium Insights
    4.1. Porter’s Five Forces Analysis
    4.2. Value Chain Analysis
    4.3. Top Investment Pockets
          4.3.1. Market Attractiveness Analysis By Asteroid Type
          4.3.2. Market Attractiveness Analysis By Phase
          4.3.3. Market Attractiveness Analysis By Commodity Resources
          4.3.4. Market Attractiveness Analysis By Region
    4.4. Industry Trends

5. Market Dynamics
    5.1. Market Evaluation
    5.2. Drivers
          5.2.1. Growing research and development activities in the space mining
          5.2.2. Increasing investment in the space mining across the globe
    5.3. Restrains
          5.3.1. High cost associated with the space mining
    5.4. Opportunities
          5.4.1. Increasing technological advancement in the space mining projects
    5.5. Challenges
          5.5.1. Lack of legal framework

6. Global Space Mining Market Analysis and Forecast, By Asteroid Type
    6.1. Segment Overview
    6.2. Type C (Chondrite)
    6.3. Type S (Stony)
    6.4. Type M (Metallic)

7. Global Space Mining Market Analysis and Forecast, By Phase
    7.1. Segment Overview
    7.2. Spacecraft Design
    7.3. Launch
    7.4. Operation

8. Global Space Mining Market Analysis and Forecast, By Commodity Resources
    8.1. Segment Overview
    8.2. Water
    8.3. Platinum Group Materials
    8.4. Structural Elements

9. Global Space Mining Market Analysis and Forecast, By Regional Analysis
    9.1. Segment Overview
    9.2. North America
          9.2.1. U.S.
          9.2.2. Canada
          9.2.3. Mexico
    9.3. Europe
          9.3.1. Germany
          9.3.2. France
          9.3.3. U.K.
          9.3.4. Italy
          9.3.5. Spain
    9.4. Asia-Pacific
          9.4.1. Japan
          9.4.2. China
          9.4.3. India
    9.5. South America
          9.5.1. Brazil
    9.6. Middle East and Africa
          9.6.1. UAE
          9.6.2. South Africa

10. Global Space Mining Market-Competitive Landscape
    10.1. Overview
    10.2. Market Share of Key Players in the Space Mining Market
          10.2.1. Global Company Market Share
          10.2.2. North America Company Market Share
          10.2.3. Europe Company Market Share
          10.2.4. APAC Company Market Share
    10.3. Competitive Situations and Trends
          10.3.1. Product Launches and Developments
          10.3.2. Partnerships, Collaborations, and Agreements
          10.3.3. Mergers & Acquisitions
          10.3.4. Expansions

11. Company Profiles
    11.1. Ispace
          11.1.1. Business Overview
          11.1.2. Company Snapshot
          11.1.3. Company Market Share Analysis
          11.1.4. Company Product Portfolio
          11.1.5. Recent Developments
          11.1.6. SWOT Analysis
    11.2. TransAstra
          11.2.1. Business Overview
          11.2.2. Company Snapshot
          11.2.3. Company Market Share Analysis
          11.2.4. Company Product Portfolio
          11.2.5. Recent Developments
          11.2.6. SWOT Analysis
    11.3. Asteroid Mining Corporation
          11.3.1. Business Overview
          11.3.2. Company Snapshot
          11.3.3. Company Market Share Analysis
          11.3.4. Company Product Portfolio
          11.3.5. Recent Developments
          11.3.6. SWOT Analysis
    11.4. OffWorld
          11.4.1. Business Overview
          11.4.2. Company Snapshot
          11.4.3. Company Market Share Analysis
          11.4.4. Company Product Portfolio
          11.4.5. Recent Developments
          11.4.6. SWOT Analysis
    11.5. Shackleton Energy Company
          11.5.1. Business Overview
          11.5.2. Company Snapshot
          11.5.3. Company Market Share Analysis
          11.5.4. Company Product Portfolio
          11.5.5. Recent Developments
          11.5.6. SWOT Analysis
    11.6. Moon Express
          11.6.1. Business Overview
          11.6.2. Company Snapshot
          11.6.3. Company Market Share Analysis
          11.6.4. Company Product Portfolio
          11.6.5. Recent Developments
          11.6.6. SWOT Analysis
    11.7. Planetary Resources
          11.7.1. Business Overview
          11.7.2. Company Snapshot
          11.7.3. Company Market Share Analysis
          11.7.4. Company Product Portfolio
          11.7.5. Recent Developments
          11.7.6. SWOT Analysis
    11.8. Kleos Space
          11.8.1. Business Overview
          11.8.2. Company Snapshot
          11.8.3. Company Market Share Analysis
          11.8.4. Company Product Portfolio
          11.8.5. Recent Developments
          11.8.6. SWOT Analysis
    11.9. SpaceFab.US
          11.9.1. Business Overview
          11.9.2. Company Snapshot
          11.9.3. Company Market Share Analysis
          11.9.4. Company Product Portfolio
          11.9.5. Recent Developments
          11.9.6. SWOT Analysis
    11.10. Bradford Space
          11.10.1. Business Overview
          11.10.2. Company Snapshot
          11.10.3. Company Market Share Analysis
          11.10.4. Company Product Portfolio
          11.10.5. Recent Developments
          11.10.6. SWOT Analysis

List of Table

1. Global Space Mining Market, By Asteroid Type, 2020–2033(USD Million)

2. Global  Type C (Chondrite), Space Mining  Market, By Region, 2020–2033(USD Million)

3. Global Type S (Stony), Space Mining Market, By Region, 2020–2033(USD Million)

4. Global  Type M (Metallic), Space Mining  Market, By Region, 2020–2033(USD Million)

5. Global Space Mining Market, By Phase, 2020–2033(USD Million)

6. Global Spacecraft Design Market, By Region, 2020–2033(USD Million)

7. Global Launch, Space Mining Market, By Region, 2020–2033(USD Million)

8. Global Operation, Space Mining Market, By Region, 2020–2033(USD Million)

9. Global Space Mining Market, By Commodity Resources, 2020–2033(USD Million)

10. Global Water Space Mining Market, By Region, 2020–2033(USD Million)

11. Global Platinum Group Materials Space Mining Market, By Region, 2020–2033(USD Million)

12. Global Structural Elements Space Mining Market, By Region, 2020–2033(USD Million)

13. Global Space Mining Market, By Region, 2020–2033(USD Million)

14. North America Space Mining Market, By Asteroid Type, 2020–2033(USD Million)

15. North America Space Mining Market, By Phase, 2020–2033(USD Million)

16. North America Space Mining Market, By Commodity Resources, 2020–2033(USD Million)

17. U.S. Space Mining Market, By Asteroid Type, 2020–2033(USD Million)

18. U.S. Space Mining Market, By Phase, 2020–2033(USD Million)

19. U.S. Space Mining Market, By Commodity Resources, 2020–2033(USD Million)

20. Canada Space Mining Market, By Asteroid Type, 2020–2033(USD Million)

21. Canada Space Mining Market, By Phase, 2020–2033(USD Million)

22. Canada Space Mining Market, By Commodity Resources, 2020–2033(USD Million)

23. Mexico Space Mining Market, By Asteroid Type, 2020–2033(USD Million)

24. Mexico Space Mining Market, By Phase, 2020–2033(USD Million)

25. Mexico Space Mining Market, By Commodity Resources, 2020–2033(USD Million)

26. Europe Space Mining Market, By Asteroid Type, 2020–2033(USD Million)

27. Europe Space Mining Market, By Phase, 2020–2033(USD Million)

28. Europe Space Mining Market, By Commodity Resources, 2020–2033(USD Million)

29. Germany Space Mining Market, By Asteroid Type, 2020–2033(USD Million)

30. Germany Space Mining Market, By Phase, 2020–2033(USD Million)

31. Germany Space Mining Market, By Commodity Resources, 2020–2033(USD Million)

32. France Space Mining Market, By Asteroid Type, 2020–2033(USD Million)

33. France Space Mining Market, By Phase, 2020–2033(USD Million)

34. France Space Mining Market, By Commodity Resources, 2020–2033(USD Million)

35. U.K. Space Mining Market, By Asteroid Type, 2020–2033(USD Million)

36. U.K. Space Mining Market, By Phase, 2020–2033(USD Million)

37. U.K. Space Mining Market, By Commodity Resources, 2020–2033(USD Million)

38. Italy Space Mining Market, By Asteroid Type, 2020–2033(USD Million)

39. Italy Space Mining Market, By Phase, 2020–2033(USD Million)

40. Italy Space Mining Market, By Commodity Resources, 2020–2033(USD Million)

41. Spain Space Mining Market, By Asteroid Type, 2020–2033(USD Million)

42. Spain Space Mining Market, By Phase, 2020–2033(USD Million)

43. Spain Space Mining Market, By Commodity Resources, 2020–2033(USD Million)

44. Asia Pacific Space Mining Market, By Asteroid Type, 2020–2033(USD Million)

45. Asia Pacific Space Mining Market, By Phase, 2020–2033(USD Million)

46. Asia Pacific Space Mining Market, By Commodity Resources, 2020–2033(USD Million)

47. Japan Space Mining Market, By Asteroid Type, 2020–2033(USD Million)

48. Japan Space Mining Market, By Phase, 2020–2033(USD Million)

49. Japan Space Mining Market, By Commodity Resources, 2020–2033(USD Million)

50. China Space Mining Market, By Asteroid Type, 2020–2033(USD Million)

51. China Space Mining Market, By Phase, 2020–2033(USD Million)

52. China Space Mining Market, By Commodity Resources, 2020–2033(USD Million)

53. India Space Mining Market, By Asteroid Type, 2020–2033(USD Million)

54. India Space Mining Market, By Phase, 2020–2033(USD Million)

55. India Space Mining Market, By Commodity Resources, 2020–2033(USD Million)

56. South America Space Mining Market, By Asteroid Type, 2020–2033(USD Million)

57. South America Space Mining Market, By Phase, 2020–2033(USD Million)

58. South America Space Mining Market, By Commodity Resources, 2020–2033(USD Million)

59. Brazil Space Mining Market, By Asteroid Type, 2020–2033(USD Million)

60. Brazil Space Mining Market, By Phase, 2020–2033(USD Million)

61. Brazil Space Mining Market, By Commodity Resources, 2020–2033(USD Million)

62. Middle East and Africa Space Mining Market, By Asteroid Type, 2020–2033(USD Million)

63. Middle East and Africa Space Mining Market, By Phase, 2020–2033(USD Million)

64. Middle East and Africa Space Mining Market, By Commodity Resources, 2020–2033(USD Million)

65. UAE Space Mining Market, By Asteroid Type, 2020–2033(USD Million)

66. UAE Space Mining Market, By Phase, 2020–2033(USD Million)

67. UAE Space Mining Market, By Commodity Resources, 2020–2033(USD Million)

68. South Africa Space Mining Market, By Asteroid Type, 2020–2033(USD Million)

69. South Africa Space Mining Market, By Phase, 2020–2033(USD Million)

70. South Africa Space Mining Market, By Commodity Resources, 2020–2033(USD Million)

List of Figures 

1. Global Space Mining Market Segmentation

2. Space Mining Market: Research Methodology

3. Market Size Estimation Methodology: Bottom-Up Approach

4. Market Size Estimation Methodology: Top-Down Approach

5. Data Triangulation

6. Porter’s Five Forces Analysis 

7. Value Chain Analysis 

8. Global Space Mining Market Attractiveness Analysis By Asteroid Type

9. Global Space Mining Market Attractiveness Analysis By Phase

10. Global Space Mining Market Attractiveness Analysis By Commodity Resources

11. Global Space Mining Market Attractiveness Analysis By Region

12. Global Space Mining Market: Dynamics

13. Global Space Mining Market Share By Asteroid Type(2023 & 2033)

14. Global Space Mining Market Share By Phase(2023 & 2033)

15. Global Space Mining Market Share By Commodity Resources(2023 & 2033)

16. Global Space Mining Market Share by Regions (2023 & 2033)

17. Global Space Mining Market Share by Company (2023)

This study forecasts revenue and volume growth at global, regional, and country levels from 2020 to 2033. The Brainy Insights has segmented the global Space Mining market on the basis of below mentioned segments:

Global Space Mining Market by Asteroid Type:

  • Type C (Chondrite)
  • Type S (Stony)
  • Type M (Metallic)

Global Space Mining Market by Phase:

  • Spacecraft Design
  • Launch
  • Operation

Global Space Mining Market by Commodity Resources:

  • Water
  • Platinum Group Materials
  • Structural Elements

Global Space Mining Market by Region:

  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • Germany
    • France
    • U.K.
    • Italy
    • Spain
  • Asia-Pacific
    • Japan
    • China
    • India
  • South America
    • Brazil
  • Middle East and Africa  
    • UAE
    • South Africa

Methodology

Research has its special purpose to undertake marketing efficiently. In this competitive scenario, businesses need information across all industry verticals; the information about customer wants, market demand, competition, industry trends, distribution channels etc. This information needs to be updated regularly because businesses operate in a dynamic environment. Our organization, The Brainy Insights incorporates scientific and systematic research procedures in order to get proper market insights and industry analysis for overall business success. The analysis consists of studying the market from a miniscule level wherein we implement statistical tools which helps us in examining the data with accuracy and precision. 

Our research reports feature both; quantitative and qualitative aspects for any market. Qualitative information for any market research process are fundamental because they reveal the customer needs and wants, usage and consumption for any product/service related to a specific industry. This in turn aids the marketers/investors in knowing certain perceptions of the customers. Qualitative research can enlighten about the different product concepts and designs along with unique service offering that in turn, helps define marketing problems and generate opportunities. On the other hand, quantitative research engages with the data collection process through interviews, e-mail interactions, surveys and pilot studies. Quantitative aspects for the market research are useful to validate the hypotheses generated during qualitative research method, explore empirical patterns in the data with the help of statistical tools, and finally make the market estimations.

The Brainy Insights offers comprehensive research and analysis, based on a wide assortment of factual insights gained through interviews with CXOs and global experts and secondary data from reliable sources. Our analysts and industry specialist assume vital roles in building up statistical tools and analysis models, which are used to analyse the data and arrive at accurate insights with exceedingly informative research discoveries. The data provided by our organization have proven precious to a diverse range of companies, facilitating them to address issues such as determining which products/services are the most appealing, whether or not customers use the product in the manner anticipated, the purchasing intentions of the market and many others.

Our research methodology encompasses an idyllic combination of primary and secondary initiatives. Key phases involved in this process are listed below:

MARKET RESEARCH PROCESS

Data Procurement:

The phase involves the gathering and collecting of market data and its related information with the help of different sources & research procedures.

The data procurement stage involves in data gathering and collecting through various data sources.

This stage involves in extensive research. These data sources includes:

Purchased Database: Purchased databases play a crucial role in estimating the market sizes irrespective of the domain. Our purchased database includes:

  • The organizational databases such as D&B Hoovers, and Bloomberg that helps us to identify the competitive scenario of the key market players/organizations along with the financial information.
  • Industry/Market databases such as Statista, and Factiva provides market/industry insights and deduce certain formulations. 
  • We also have contractual agreements with various reputed data providers and third party vendors who provide information which are not limited to:
    • Import & Export Data
    • Business Trade Information
    • Usage rates of a particular product/service on certain demographics mainly focusing on the unmet prerequisites

Primary Research: The Brainy Insights interacts with leading companies and experts of the concerned domain to develop the analyst team’s market understanding and expertise. It improves and substantiates every single data presented in the market reports. Primary research mainly involves in telephonic interviews, E-mail interactions and face-to-face interviews with the raw material providers, manufacturers/producers, distributors, & independent consultants. The interviews that we conduct provides valuable data on market size and industry growth trends prevailing in the market. Our organization also conducts surveys with the various industry experts in order to gain overall insights of the industry/market. For instance, in healthcare industry we conduct surveys with the pharmacists, doctors, surgeons and nurses in order to gain insights and key information of a medical product/device/equipment which the customers are going to usage. Surveys are conducted in the form of questionnaire designed by our own analyst team. Surveys plays an important role in primary research because surveys helps us to identify the key target audiences of the market. Additionally, surveys helps to identify the key target audience engaged with the market. Our survey team conducts the survey by targeting the key audience, thus gaining insights from them. Based on the perspectives of the customers, this information is utilized to formulate market strategies. Moreover, market surveys helps us to understand the current competitive situation of the industry. To be precise, our survey process typically involve with the 360 analysis of the market. This analytical process begins by identifying the prospective customers for a product or service related to the market/industry to obtain data on how a product/service could fit into customers’ lives.

Secondary Research: The secondary data sources includes information published by the on-profit organizations such as World bank, WHO, company fillings, investor presentations, annual reports, national government documents, statistical databases, blogs, articles, white papers and others. From the annual report, we analyse a company’s revenue to understand the key segment and market share of that organization in a particular region. We analyse the company websites and adopt the product mapping technique which is important for deriving the segment revenue. In the product mapping method, we select and categorize the products offered by the companies catering to domain specific market, deduce the product revenue for each of the companies so as to get overall estimation of the market size. We also source data and analyses trends based on information received from supply side and demand side intermediaries in the value chain. The supply side denotes the data gathered from supplier, distributor, wholesaler and the demand side illustrates the data gathered from the end customers for respective market domain.

The supply side for a domain specific market is analysed by:

  • Estimating and projecting penetration rates through analysing product attributes, availability of internal and external substitutes, followed by pricing analysis of the product.
  • Experiential assessment of year-on-year sales of the product by conducting interviews.

The demand side for the market is estimated through:

  • Evaluating the penetration level and usage rates of the product.
  • Referring to the historical data to determine the growth rate and evaluate the industry trends

In-house Library: Apart from these third-party sources, we have our in-house library of qualitative and quantitative information. Our in-house database includes market data for various industry and domains. These data are updated on regular basis as per the changing market scenario. Our library includes, historic databases, internal audit reports and archives.

Sometimes there are instances where there is no metadata or raw data available for any domain specific market. For those cases, we use our expertise to forecast and estimate the market size in order to generate comprehensive data sets. Our analyst team adopt a robust research technique in order to produce the estimates:

  • Applying demographic along with psychographic segmentation for market evaluation
  • Determining the Micro and Macro-economic indicators for each region 
  • Examining the industry indicators prevailing in the market. 

Data Synthesis: This stage involves the analysis & mapping of all the information obtained from the previous step. It also involves in scrutinizing the data for any discrepancy observed while data gathering related to the market. The data is collected with consideration to the heterogeneity of sources. Robust scientific techniques are in place for synthesizing disparate data sets and provide the essential contextual information that can orient market strategies. The Brainy Insights has extensive experience in data synthesis where the data passes through various stages:

  • Data Screening: Data screening is the process of scrutinising data/information collected from primary research for errors and amending those collected data before data integration method. The screening involves in examining raw data, identifying errors and dealing with missing data. The purpose of the data screening is to ensure data is correctly entered or not. The Brainy Insights employs objective and systematic data screening grades involving repeated cycles of quality checks, screening and suspect analysis.
  • Data Integration: Integrating multiple data streams is necessary to produce research studies that provide in-depth picture to the clients. These data streams come from multiple research studies and our in house database. After screening of the data, our analysts conduct creative integration of data sets, optimizing connections between integrated surveys and syndicated data sources. There are mainly 2 research approaches that we follow in order to integrate our data; top down approach and bottom up approach.

Market Deduction & Formulation: The final stage comprises of assigning data points at appropriate market spaces so as to deduce feasible conclusions. Analyst perspective & subject matter expert based holistic form of market sizing coupled with industry analysis also plays a crucial role in this stage.

This stage involves in finalization of the market size and numbers that we have collected from data integration step. With data interpolation, it is made sure that there is no gap in the market data. Successful trend analysis is done by our analysts using extrapolation techniques, which provide the best possible forecasts for the market.

Data Validation & Market Feedback: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helps us finalize data-points to be used for final calculations.

The Brainy Insights interacts with leading companies and experts of the concerned domain to develop the analyst team’s market understanding and expertise. It improves and substantiates every single data presented in the market reports. The data validation interview and discussion panels are typically composed of the most experienced industry members. The participants include, however, are not limited to:

  • CXOs and VPs of leading companies’ specific to sector
  • Purchasing managers, technical personnel, end-users
  • Key opinion leaders such as investment bankers, and industry consultants

Moreover, we always validate our data and findings through primary respondents from all the major regions we are working on.

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