PUBLISHER: IMARC | PRODUCT CODE: 1541628
PUBLISHER: IMARC | PRODUCT CODE: 1541628
Asteroid Mining Market Report by Asteroid Type (Type C, Type S, Type M, and Others), Phase (Spacecraft Design, Launch, Operation), Application (Construction, Resource Harvesting, 3D Printing, and Others), and Region 2024-2032
The global asteroid mining market size reached US$ 1.9 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 8.3 Billion by 2032, exhibiting a growth rate (CAGR) of 16.9% during 2024-2032.
Asteroid mining is the extraction of minerals and other raw materials, such as silver, gold, rhodium, nickel, aluminum, manganese, iron, and cobalt, from minor planets and asteroids in the outer space. It contributes to a sustainable environment as minerals mined in space are used as rocket propellants or construction materials. It is performed in the asteroids to reduce the cost of transporting minerals into the orbit of the Earth. In addition, it enables the large-scale exploration of water and platinum for use in the expanding economy.
Asteroid Mining Market Trends:
There is currently a rise in the number of ongoing space missions for advancements in health and medicine, public safety, energy and environment, information and technology (IT), and industrial productivity. This, along with the growing application of 3D printing as it helps increase flexibility in the production flow and reduce industrial expenses, represents one of the key factors driving the market. Moreover, governments of several countries are undertaking initiatives to promote asteroid mining as the limited resources of the Earth are declining with the growing world population. This, coupled with increasing investments by private stakeholders in asteroid mining, is propelling the growth of the market. Additionally, the rising adoption of In-Situ Resource Utilization (ISRU) practice in space exploration, which helps collect, process, store, and use resources found on asteroids, is positively influencing the market. Besides this, key market players are extensively investing in research and development (R&D) activities to install enhanced space mining methods. They are also focusing on partnerships, mergers, and collaborations, which are strengthening the growth of the market. Additionally, the rising utilization of asteroid mining in construction activities, extraterrestrial commodity, fuel, and human life sustainability is projected to bolster the market growth.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global asteroid mining market report, along with forecasts at the global, regional and country level from 2024-2032. Our report has categorized the market based on asteroid type, phase and application.
Breakup by Asteroid Type:
Type C
Type S
Type M
Others
Breakup by Phase:
Spacecraft Design
Launch
Operation
Breakup by Application:
Breakup by Region:
Competitive Landscape:
Key Questions Answered in This Report
Table of Contents
1 Preface
2 Scope and Methodology
- 2.1 Objectives of the Study
- 2.2 Stakeholders
- 2.3 Data Sources
- 2.3.1 Primary Sources
- 2.3.2 Secondary Sources
- 2.4 Market Estimation
- 2.4.1 Bottom-Up Approach
- 2.4.2 Top-Down Approach
3 Executive Summary
4 Introduction
5 Global Asteroid Mining Market
6 Market Breakup by Asteroid Type
7 Market Breakup by Phase
8 Market Breakup by Application
9 Market Breakup by Region
10 SWOT Analysis
11 Value Chain Analysis
12 Porters Five Forces Analysis
13 Price Analysis
14 Competitive Landscape
List of Figures
- Figure 1: Global: Asteroid Mining Market: Major Drivers and Challenges
- Figure 2: Global: Asteroid Mining Market: Sales Value (in Billion US$), 2018-2023
- Figure 3: Global: Asteroid Mining Market Forecast: Sales Value (in Billion US$), 2024-2032
- Figure 4: Global: Asteroid Mining Market: Breakup by Asteroid Type (in %), 2023
- Figure 5: Global: Asteroid Mining Market: Breakup by Phase (in %), 2023
- Figure 6: Global: Asteroid Mining Market: Breakup by Application (in %), 2023
- Figure 7: Global: Asteroid Mining Market: Breakup by Region (in %), 2023
- Figure 8: Global: Asteroid Mining (Type C) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 9: Global: Asteroid Mining (Type C) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 10: Global: Asteroid Mining (Type S) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 11: Global: Asteroid Mining (Type S) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 12: Global: Asteroid Mining (Type M) Market: Sales Value (in Million US$), 2018 & 2023
List of Tables
