The new report titled ‘Global Space Mining Market,’ published by Emergen Research, is a vivid presentation of the global Space Mining market, with utmost focus on the forecast market size, share, value, and volume over the projected timeline. The report throws light on the current economic landscape of this business vertical and evaluates the top market trends. It has been compiled through significant primary research, including surveys, interviews, and expert analysts’ observations. The global space mining market size is expected to reach USD 8.19 Billion in 2030 and register a steady revenue CAGR of 23.5% over the forecast period. Space mining market revenue growth is expected to be driven by continuous investment in space exploration and mining, launch of planned space missions, and increasing support by governments worldwide. Government initiatives to frame regulations with regards to space mining is expected to support revenue growth of the market going ahead.
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Key insights presented in the report:
- On 1 January 2019, Deep Space Industries (DSI) was bought by Bradford Space, which is a space technology business. DSI was renamed Bradford Space Inc., and it is still working on the Xplorer satellite bus, which is designed for missions beyond Earth's orbit. DSI provides cost-effective and creative space exploration solutions.
- Revenue from the Type C segment is expected to increase steadily throughout the forecast period. Mining efforts are expected to be initially directed at this type of asteroid owing to availability of water, which can be used to produce rocket fuel, and be supplied to enterprises conducting space missions. Organic and metal materials are also available from Type C, and can be used for spacecraft construction in space.
- Asteroids are expected to be mined for platinum since a single asteroid can contain between USD 25 and 50 billion in platinum. This also includes additional metals like as cobalt, iron, gold, nickel, and manganese, which might help to alleviate Earth's metal scarcity. NASA is currently conducting a mission to collect samples from near-Earth asteroids (NEA).
- Recent mergers, acquisitions, product launches, recent investments, and joint ventures
- Regional analysis to provide insight into recent trends and opportunities
The report provides comprehensive details about the market with respect to overall revenue, sales and consumption, pricing trends, gross margins, growth rate, and market size. Additionally, the report also covers details of the company, such as sales and distribution area, product portfolios, specifications, and others.
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The report also discusses key players involved in the market, such as Moon Express, Kleos Space S.A., Bradford Space Inc., Ispace, Planetary Resources, NASA, China National Space Administration, Trans Astronautica Corporation, Shackleton Energy Company (SEC), and Asteroid Mining Corporation Ltd. as well as new entrants in the market. The competitive analysis also includes regional analysis of major geographical regions. The report covers regions such as North America, Europe, Asia Pacific, Latin America, and Middle East Africa.
Key Questions Answered in the Report:
- What will be the estimated growth rate of the Space Mining market by 2027?
- Who are the prominent distributors, vendors, and manufacturers of the market?
- What are the driving and restraining factors of the growth of the Space Mining market throughout the forecast period?
- What are the current and future market trends of the Space Mining market?
- What are the sales and price analysis of the product by types, applications, and regions?
- What are the expected opportunities for the companies and new entrants in the coming years?
The report demonstrates the progress and advancement achieved by the global Space Mining market, including the historical analysis and progress through forecast years. The report provides valuable insights to stakeholders, investors, product managers, marketing executives, and other industry professionals. The report provides an accurate estimation by applying SWOT analysis and Porter's Five Forces analysis. The report focuses on current and future market growth, technological advancements, volume, raw materials, and profiles of the key companies involved in the market.
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Thank you for reading our report. Please get in touch with us if you have any queries regarding the report or its customization. Our team will ensure the report is best suited to your needs.
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