Global Asteroid Mining Market

Asteroid Mining is known as the exploration of raw materials from asteroids and other minor planets that also includes near-earth objects. These activities have been backbone of human civilization in the development of technology. Mining activities have been carried out since the Bronze Age to meet the requirements of human civilization.

The global asteroid mining market was valued at $712.0 million in 2017 and is projected to reach $3,868.9 million by 2025, growing at a CAGR of 24.4% from 2018 to 2025

Market Drivers

Increase in development of science and technology is key driving factor which is expected to boost the global asteroid mining market growth. Furthermore, increase in government investments and funding as well as ambitions by the government authorities will significantly influence the global asteroid mining market growth over the forecast period. Also, current and growing forthcoming space missions are expected to propel the asteroid mining market growth during this forecast timeline. Moreover, increase in adoption of in-situ resource utilization practice in exploration will fuel the market growth. Over the past few years, the human population has increased from 1.5 billion to more than 7 billion, propelling an ever-increasing demand for resources. Continuous technological advancements coupled with innovations are expected to support the global asteroid mining market.

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Market Restraints

High initial costs associated with Asteroid mining and prospecting missions is the market restraint which is expected to hamper the global asteroid mining market growth. Also, asteroid mining activities creating huge environmental risks which affects space and earth which is expected to limit the market growth over the forecast period. 

Market Segmentation

Global Asteroid Mining Market is segmented into phase such as Spacecraft Design, Launch, and Operation, by asteroid type such as Type C, Type S, Type M, and Others. Further, market is segmented into application such as Construction, Resource Harvesting, 3D Printing, and Others.

Also, Global Asteroid Mining Market is segmented into five regions such as North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. 

Market Key Players

Various key players are listed in this report such as Deep Space Industries, Moon Express, Planetary Resources, Ispace, Asteroid Mining Corporation, Shackleton Energy Company,  Kleos Space, Transastra, Offworld, and Spacefab.Us

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Market Taxonomy

By Phase Spacecraft Design Launch Operation   By Asteroid Type Type C Type S Type M Others

By Application Construction Resource Harvesting 3D Printing Others

By Region

• North America
• Latin America
• Europe Asia
• Pacific Middle
• East & Africa

 Key Questions Addressed by the Report What are the Key

• Opportunities in Global Asteroid Mining Market?
• What will be the growth rate from 2019 to 2030?
• Which segment/region will have highest growth?
• What are the factors that will impact/drive the Market?
• \What is the competitive Landscape in the Industry?
• What is the role of key players in the value chain?
• What are the strategies adopted by key players?

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