Many asteroids are rich in minerals such as silver, gold, platinum, nickel, aluminum, iron and cobalt. The extraction of these minerals from an asteroid is called asteroid mining. The global asteroid mining market is estimated to grow with a CAGR of xx% in terms of revenue. The market is anticipated to grow to $xx million by 2027. The base year considered for the study is 2018 and the estimated period is between 2019 and 2027. One of the driving factors for the market is the increasing investment. Many companies and industries are investing in this technology to be benefited in the later stages. The project timeline for an asteroid mining mission is at least ten years, but its investment is being made right now.
Many asteroids are rich in minerals such as silver, gold, platinum, nickel, aluminum, iron and cobalt. The extraction of these minerals from an asteroid is called asteroid mining. The global asteroid mining market is estimated to grow with a CAGR of xx% in terms of revenue. The market is anticipated to grow to $xx million by 2027. The base year considered for the study is 2018 and the estimated period is between 2019 and 2027.
One of the driving factors for the market is the increasing investment. Many companies and industries are investing in this technology to be benefited in the later stages. The project timeline for an asteroid mining mission is at least ten years, but its investment is being made right now. Even the governments are showing interest in funding the space exploration & extraction projects, for which they are building infrastructure, developing R&D facilities and making rules & regulations, among others
Operation is the third stage of the process of asteroid mining. In the operation step, resource harvesting from the asteroids and other minor planets is finished. Companies are trying to discover several methods to get this phase correct. This market is expected to show a promising trend for the operation phase.
High costs and risks involved are the major constraints for the market. Extracting resources from an asteroid is costly as well as risky. There are costs involved in manufacturing rockets, hiring experts & consultants and procuring the materials & machinery required for making the rockets. Moreover, the risks involved are high, as all the investments go waste if the rocket is destroyed during the launching phase.
The report on the global asteroid mining market includes segmentation based on phase type, asteroid type, application and region.
Market by Phase Type
- Spacecraft Design
- Launch
- Operation
Market by Asteroid Type
- Type C
- Type S
- Type M
- Others
Market by Application
- Construction
- Resource Harvesting
- 3D Printing
- Others
Geographically, the global asteroid mining market has been segmented on the basis of four major regions, which include:
- North America: United States, Canada & Mexico
- Europe: Russia, United Kingdom, Germany, Luxembourg & Rest of Europe
- Asia-Pacific: China, India, Japan, Australia, South Korea & Rest of Asia-Pacific
- Rest of World: Latin America, Middle East & Africa
One of the regions covered in the report is Europe. The asteroid mining market in Europe is primarily driven by the increasing utilization of space applications, such as monitoring, field mapping and soil sampling. With the presence of the Joint Research Center (JRC) of the European Commission, the asteroid mining market in Europe is expected to offer lucrative growth opportunities in the near future.
The major market players in the global asteroid mining market include:
- Deep Space Industries
- Planetary Resources
- Moon Express
- iSpace
- Asteroid Mining Corporation
- Others
Company profiles cover the analysis of important market players. These companies are using organic & inorganic strategies for growth. For instance, in January 2019, Bradford acquired Deep Space Industries (DSI), an asteroid mining company. In July 2018, Asteroid Mining Corporation manufactured Asteroid Prospecting Satellite One. In October 2018, iSpace entered into a partnership with Draper for lunar landing guidance, navigation and control (GNC), a critical technology for mission success.
- RESEARCH SCOPE
- STUDY GOALS
- SCOPE OF THE MARKET STUDY
- WHO WILL FIND THIS REPORT USEFUL?
- STUDY AND FORECASTING YEARS
- RESEARCH METHODOLOGY
- SOURCES OF DATA
- SECONDARY DATA
- PRIMARY DATA
- TOP-DOWN APPROACH
- BOTTOM-UP APPROACH
- DATA TRIANGULATION
- SOURCES OF DATA
- EXECUTIVE SUMMARY
- MARKET SUMMARY
- KEY FINDINGS
- MARKET DYNAMICS
- MARKET DEFINITION
- MARKET DRIVERS
- MARKET RESTRAINTS
- MARKET OPPORTUNITIES
- MARKET CHALLENGES
- MARKET BY PHASE TYPE
- SPACECRAFT DESIGN
- LAUNCH
- OPERATION
- MARKET BY ASTEROID TYPE
- TYPE C
- TYPE S
- TYPE M
- OTHERS
- MARKET BY APPLICATION
- CONSTRUCTION
- RESOURCE HARVESTING
- 3D PRINTING
- OTHERS
- KEY ANALYTICS
- PORTER’S FIVE FORCES MODEL
- THREAT OF NEW ENTRANTS
- THREAT OF SUBSTITUTE
- BARGAINING POWER OF SUPPLIERS
- BARGAINING POWER OF BUYERS
- THREAT OF COMPETITIVE RIVALRY
- OPPORTUNITY MATRIX
- VENDOR LANDSCAPE
- PORTER’S FIVE FORCES MODEL
- GEOGRAPHICAL ANALYSIS
- NORTH AMERICA
- UNITED STATES
- CANADA
- MEXICO
- EUROPE
- RUSSIA
- UNITED KINGDOM
- GERMANY
- LUXEMBOURG
- REST OF EUROPE
- ASIA-PACIFIC
- CHINA
- JAPAN
- AUSTRALIA
- REST OF ASIA-PACIFIC
- REST OF WORLD
- LATIN AMERICA
- MIDDLE EAST & AFRICA
- NORTH AMERICA
- COMPANY PROFILES
- ASTEROID MINING CORPORATION LIMITED
- BRADFORD
- CHINA NATIONAL SPACE ADMINISTRATION
- DEEP SPACE INDUSTRIES (DSI)
- ESA
- ISPACE
- KLEOS SPACE S.A.
- MOON EXPRESS
- NASA
- OFFWORLD
- PLANETARY RESOURCES
- RUSSIAN FEDERAL SPACE AGENCY (ROSCOSMOS)
- SIERRA NEVADA CORPORATION
- SPACE INDUSTRIES
- VIRGIN GALACTIC
TABLE LIST
TABLE 1: GLOBAL ASTEROID MINING MARKET, BY GEOGRAPHY, 2019-2027 (IN $ MILLION)
TABLE 2: GLOBAL ASTEROID MINING MARKET, BY PHASE TYPE, 2019-2027 (IN $ MILLION)
TABLE 3: GLOBAL SPACECRAFT DESIGN MARKET, BY REGION, 2019-2027 (IN $ MILLION)
TABLE 4: GLOBAL LAUNCH MARKET, BY REGION, 2019-2027 (IN $ MILLION)
TABLE 5: GLOBAL OPERATION MARKET, BY REGION, 2019-2027 (IN $ MILLION)
TABLE 6: GLOBAL ASTEROID MINING MARKET, BY ASTEROID TYPE, 2019-2027 (IN $ MILLION)
TABLE 7: GLOBAL TYPE C MARKET, BY REGION, 2019-2027 (IN $ MILLION)
TABLE 8: GLOBAL TYPE S MARKET, BY REGION, 2019-2027 (IN $ MILLION)
TABLE 9: GLOBAL TYPE M MARKET, BY REGION, 2019-2027 (IN $ MILLION)
TABLE 10: GLOBAL OTHERS MARKET, BY REGION, 2019-2027 (IN $ MILLION)
TABLE 11: GLOBAL ASTEROID MINING MARKET, BY APPLICATION, 2019-2027 (IN $ MILLION)
TABLE 12: GLOBAL CONSTRUCTION MARKET, BY REGION, 2019-2027 (IN $ MILLION)
TABLE 13: GLOBAL RESOURCE HARVESTING MARKET, BY REGION, 2019-2027 (IN $ MILLION)
TABLE 14: GLOBAL 3D PRINTING MARKET, BY REGION, 2019-2027 (IN $ MILLION)
TABLE 15: GLOBAL OTHERS MARKET, BY REGION, 2019-2027 (IN $ MILLION)
TABLE 16: OPPORTUNITY MATRIX
TABLE 17: VENDOR LANDSCAPE
TABLE 18: GLOBAL ASTEROID MINING MARKET, BY GEOGRAPHY, 2019-2027 (IN $ MILLION)
TABLE 19: NORTH AMERICA ASTEROID MINING MARKET, BY COUNTRY, 2019-2027 (IN $ MILLION)
TABLE 20: EUROPE ASTEROID MINING MARKET, BY COUNTRY, 2019-2027 (IN $ MILLION)
TABLE 21: ASIA-PACIFIC ASTEROID MINING MARKET, BY COUNTRY, 2019-2027 (IN $ MILLION)
TABLE 22: REST OF WORLD ASTEROID MINING MARKET, BY REGION, 2019-2027 (IN $ MILLION)
FIGURES LIST
FIGURE 1: GLOBAL ASTEROID MINING MARKET, BY PHASE TYPE, 2018 & 2027 (IN %)
FIGURE 2: GLOBAL ASTEROID MINING MARKET, BY SPACECRAFT DESIGN, 2019-2027 (IN $ MILLION)
FIGURE 3: GLOBAL ASTEROID MINING MARKET, BY LAUNCH, 2019-2027 (IN $ MILLION)
FIGURE 4: GLOBAL ASTEROID MINING MARKET, BY OPERATION, 2019-2027 (IN $ MILLION)
FIGURE 5: GLOBAL ASTEROID MINING MARKET, BY TYPE C, 2019-2027 (IN $ MILLION)
FIGURE 6: GLOBAL ASTEROID MINING MARKET, BY TYPE S, 2019-2027 (IN $ MILLION)
FIGURE 7: GLOBAL ASTEROID MINING MARKET, BY TYPE M, 2019-2027 (IN $ MILLION)
FIGURE 8: GLOBAL ASTEROID MINING MARKET, BY OTHERS, 2019-2027 (IN $ MILLION)
FIGURE 9: GLOBAL ASTEROID MINING MARKET, BY CONSTRUCTION, 2019-2027 (IN $ MILLION)
FIGURE 10: GLOBAL ASTEROID MINING MARKET, BY RESOURCE HARVESTING, 2019-2027 (IN $ MILLION)
FIGURE 11: GLOBAL ASTEROID MINING MARKET, BY 3D PRINTING, 2019-2027 (IN $ MILLION)
FIGURE 12: GLOBAL ASTEROID MINING MARKET, BY OTHERS, 2019-2027 (IN $ MILLION)
FIGURE 13: PORTER’S FIVE FORCES ANALYSIS
FIGURE 14: GLOBAL ASTEROID MINING MARKET, REGIONAL OUTLOOK, 2018 & 2027 (IN %)
FIGURE 15: UNITED STATES ASTEROID MINING MARKET, 2019-2027 (IN $ MILLION)
FIGURE 16: CANADA ASTEROID MINING MARKET, 2019-2027 (IN $ MILLION)
FIGURE 17: MEXICO ASTEROID MINING MARKET, 2019-2027 (IN $ MILLION)
FIGURE 18: RUSSIA ASTEROID MINING MARKET, 2019-2027 (IN $ MILLION)
FIGURE 19: UNITED KINGDOM ASTEROID MINING MARKET, 2019-2027 (IN $ MILLION)
FIGURE 20: GERMANY ASTEROID MINING MARKET, 2019-2027 (IN $ MILLION)
FIGURE 21: LUXEMBOURG ASTEROID MINING MARKET, 2019-2027 (IN $ MILLION)
FIGURE 22: REST OF EUROPE ASTEROID MINING MARKET, 2019-2027 (IN $ MILLION)
FIGURE 23: CHINA ASTEROID MINING MARKET, 2019-2027 (IN $ MILLION)
FIGURE 24: JAPAN ASTEROID MINING MARKET, 2019-2027 (IN $ MILLION)
FIGURE 25: AUSTRALIA ASTEROID MINING MARKET, 2019-2027 (IN $ MILLION)
FIGURE 26: REST OF ASIA-PACIFIC ASTEROID MINING MARKET, 2019-2027 (IN $ MILLION)
FIGURE 27: LATIN AMERICA ASTEROID MINING MARKET, 2019-2027 (IN $ MILLION)
FIGURE 28: MIDDLE EAST & AFRICA ASTEROID MINING MARKET, 2019-2027 (IN $ MILLION)
- MARKET BY PHASE TYPE
- SPACECRAFT DESIGN
- LAUNCH
- OPERATION
- MARKET BY ASTEROID TYPE
- TYPE C
- TYPE S
- TYPE M
- OTHERS
- MARKET BY APPLICATION
- CONSTRUCTION
- RESOURCE HARVESTING
- 3D PRINTING
- OTHERS
- GEOGRAPHICAL ANALYSIS
- NORTH AMERICA
- UNITED STATES
- CANADA
- MEXICO
- EUROPE
- RUSSIA
- UNITED KINGDOM
- GERMANY
- LUXEMBOURG
- REST OF EUROPE
- ASIA-PACIFIC
- CHINA
- JAPAN
- AUSTRALIA
- REST OF ASIA-PACIFIC
- REST OF WORLD
- LATIN AMERICA
- MIDDLE EAST & AFRICA
- NORTH AMERICA
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