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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
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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:
Construction
Resource Harvesting
3D Printing
Others
Breakup by Region:
North America
United States
Canada
Asia-Pacific
China
Japan
India
South Korea
Australia
Indonesia
Others
Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Others
Latin America
Brazil
Mexico
Others
Middle East and Africa
Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players being Asteroid Mining Corporation Limited, Moon Express Inc., OffWorld, Shackleton Energy Company, SpaceFab.US Inc. and Trans Astronautica Corporation.
Key Questions Answered in This Report
- 1. How big is the global asteroid mining market?
- 2. What is the expected growth rate of the global asteroid mining market during 2024-2032?
- 3. What are the key factors driving the global asteroid mining market?
- 4. What has been the impact of COVID-19 on the global asteroid mining market?
- 5. What is the breakup of the global asteroid mining market based on the asteroid type?
- 6. What is the breakup of the global asteroid mining market based on the phase?
- 7. What are the key regions in the global asteroid mining market?
- 8. Who are the key players/companies in the global asteroid mining market?
Product Code: SR112024A6167
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
- 2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
- 4.1 Overview
- 4.2 Key Industry Trends
5 Global Asteroid Mining Market
- 5.1 Market Overview
- 5.2 Market Performance
- 5.3 Impact of COVID-19
- 5.4 Market Forecast
6 Market Breakup by Asteroid Type
- 6.1 Type C
- 6.1.1 Market Trends
- 6.1.2 Market Forecast
- 6.2 Type S
- 6.2.1 Market Trends
- 6.2.2 Market Forecast
- 6.3 Type M
- 6.3.1 Market Trends
- 6.3.2 Market Forecast
- 6.4 Others
- 6.4.1 Market Trends
- 6.4.2 Market Forecast
7 Market Breakup by Phase
- 7.1 Spacecraft Design
- 7.1.1 Market Trends
- 7.1.2 Market Forecast
- 7.2 Launch
- 7.2.1 Market Trends
- 7.2.2 Market Forecast
- 7.3 Operation
- 7.3.1 Market Trends
- 7.3.2 Market Forecast
8 Market Breakup by Application
- 8.1 Construction
- 8.1.1 Market Trends
- 8.1.2 Market Forecast
- 8.2 Resource Harvesting
- 8.2.1 Market Trends
- 8.2.2 Market Forecast
- 8.3 3D Printing
- 8.3.1 Market Trends
- 8.3.2 Market Forecast
- 8.4 Others
- 8.4.1 Market Trends
- 8.4.2 Market Forecast
9 Market Breakup by Region
- 9.1 North America
- 9.1.1 United States
- 9.1.1.1 Market Trends
- 9.1.1.2 Market Forecast
- 9.1.2 Canada
- 9.1.2.1 Market Trends
- 9.1.2.2 Market Forecast
- 9.1.1 United States
- 9.2 Asia-Pacific
- 9.2.1 China
- 9.2.1.1 Market Trends
- 9.2.1.2 Market Forecast
- 9.2.2 Japan
- 9.2.2.1 Market Trends
- 9.2.2.2 Market Forecast
- 9.2.3 India
- 9.2.3.1 Market Trends
- 9.2.3.2 Market Forecast
- 9.2.4 South Korea
- 9.2.4.1 Market Trends
- 9.2.4.2 Market Forecast
- 9.2.5 Australia
- 9.2.5.1 Market Trends
- 9.2.5.2 Market Forecast
- 9.2.6 Indonesia
- 9.2.6.1 Market Trends
- 9.2.6.2 Market Forecast
- 9.2.7 Others
- 9.2.7.1 Market Trends
- 9.2.7.2 Market Forecast
- 9.2.1 China
- 9.3 Europe
- 9.3.1 Germany
- 9.3.1.1 Market Trends
- 9.3.1.2 Market Forecast
- 9.3.2 France
- 9.3.2.1 Market Trends
- 9.3.2.2 Market Forecast
- 9.3.3 United Kingdom
- 9.3.3.1 Market Trends
- 9.3.3.2 Market Forecast
- 9.3.4 Italy
- 9.3.4.1 Market Trends
- 9.3.4.2 Market Forecast
- 9.3.5 Spain
- 9.3.5.1 Market Trends
- 9.3.5.2 Market Forecast
- 9.3.6 Russia
- 9.3.6.1 Market Trends
- 9.3.6.2 Market Forecast
- 9.3.7 Others
- 9.3.7.1 Market Trends
- 9.3.7.2 Market Forecast
- 9.3.1 Germany
- 9.4 Latin America
- 9.4.1 Brazil
- 9.4.1.1 Market Trends
- 9.4.1.2 Market Forecast
- 9.4.2 Mexico
- 9.4.2.1 Market Trends
- 9.4.2.2 Market Forecast
- 9.4.3 Others
- 9.4.3.1 Market Trends
- 9.4.3.2 Market Forecast
- 9.4.1 Brazil
- 9.5 Middle East and Africa
- 9.5.1 Market Trends
- 9.5.2 Market Breakup by Country
- 9.5.3 Market Forecast
10 SWOT Analysis
- 10.1 Overview
- 10.2 Strengths
- 10.3 Weaknesses
- 10.4 Opportunities
- 10.5 Threats
11 Value Chain Analysis
12 Porters Five Forces Analysis
- 12.1 Overview
- 12.2 Bargaining Power of Buyers
- 12.3 Bargaining Power of Suppliers
- 12.4 Degree of Competition
- 12.5 Threat of New Entrants
- 12.6 Threat of Substitutes
13 Price Analysis
14 Competitive Landscape
- 14.1 Market Structure
- 14.2 Key Players
- 14.3 Profiles of Key Players
- 14.3.1 Asteroid Mining Corporation Limited
- 14.3.1.1 Company Overview
- 14.3.1.2 Product Portfolio
- 14.3.2 Moon Express Inc.
- 14.3.2.1 Company Overview
- 14.3.2.2 Product Portfolio
- 14.3.3 OffWorld
- 14.3.3.1 Company Overview
- 14.3.3.2 Product Portfolio
- 14.3.4 Shackleton Energy Company
- 14.3.4.1 Company Overview
- 14.3.4.2 Product Portfolio
- 14.3.5 SpaceFab.US Inc.
- 14.3.5.1 Company Overview
- 14.3.5.2 Product Portfolio
- 14.3.6 Trans Astronautica Corporation
- 14.3.6.1 Company Overview
- 14.3.6.2 Product Portfolio
- 14.3.1 Asteroid Mining Corporation Limited
Product Code: SR112024A6167
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$), 2018 & 2023
- Figure 13: Global: Asteroid Mining (Type M) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 14: Global: Asteroid Mining (Other Asteroid Types) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 15: Global: Asteroid Mining (Other Asteroid Types) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 16: Global: Asteroid Mining (Spacecraft Design) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 17: Global: Asteroid Mining (Spacecraft Design) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 18: Global: Asteroid Mining (Launch) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 19: Global: Asteroid Mining (Launch) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 20: Global: Asteroid Mining (Operation) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 21: Global: Asteroid Mining (Operation) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 22: Global: Asteroid Mining (Construction) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 23: Global: Asteroid Mining (Construction) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 24: Global: Asteroid Mining (Resource Harvesting) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 25: Global: Asteroid Mining (Resource Harvesting) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 26: Global: Asteroid Mining (3D Printing) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 27: Global: Asteroid Mining (3D Printing) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 28: Global: Asteroid Mining (Other Applications) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 29: Global: Asteroid Mining (Other Applications) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 30: North America: Asteroid Mining Market: Sales Value (in Million US$), 2018 & 2023
- Figure 31: North America: Asteroid Mining Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 32: United States: Asteroid Mining Market: Sales Value (in Million US$), 2018 & 2023
- Figure 33: United States: Asteroid Mining Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 34: Canada: Asteroid Mining Market: Sales Value (in Million US$), 2018 & 2023
- Figure 35: Canada: Asteroid Mining Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 36: Asia-Pacific: Asteroid Mining Market: Sales Value (in Million US$), 2018 & 2023
- Figure 37: Asia-Pacific: Asteroid Mining Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 38: China: Asteroid Mining Market: Sales Value (in Million US$), 2018 & 2023
- Figure 39: China: Asteroid Mining Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 40: Japan: Asteroid Mining Market: Sales Value (in Million US$), 2018 & 2023
- Figure 41: Japan: Asteroid Mining Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 42: India: Asteroid Mining Market: Sales Value (in Million US$), 2018 & 2023
- Figure 43: India: Asteroid Mining Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 44: South Korea: Asteroid Mining Market: Sales Value (in Million US$), 2018 & 2023
- Figure 45: South Korea: Asteroid Mining Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 46: Australia: Asteroid Mining Market: Sales Value (in Million US$), 2018 & 2023
- Figure 47: Australia: Asteroid Mining Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 48: Indonesia: Asteroid Mining Market: Sales Value (in Million US$), 2018 & 2023
- Figure 49: Indonesia: Asteroid Mining Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 50: Others: Asteroid Mining Market: Sales Value (in Million US$), 2018 & 2023
- Figure 51: Others: Asteroid Mining Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 52: Europe: Asteroid Mining Market: Sales Value (in Million US$), 2018 & 2023
- Figure 53: Europe: Asteroid Mining Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 54: Germany: Asteroid Mining Market: Sales Value (in Million US$), 2018 & 2023
- Figure 55: Germany: Asteroid Mining Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 56: France: Asteroid Mining Market: Sales Value (in Million US$), 2018 & 2023
- Figure 57: France: Asteroid Mining Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 58: United Kingdom: Asteroid Mining Market: Sales Value (in Million US$), 2018 & 2023
- Figure 59: United Kingdom: Asteroid Mining Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 60: Italy: Asteroid Mining Market: Sales Value (in Million US$), 2018 & 2023
- Figure 61: Italy: Asteroid Mining Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 62: Spain: Asteroid Mining Market: Sales Value (in Million US$), 2018 & 2023
- Figure 63: Spain: Asteroid Mining Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 64: Russia: Asteroid Mining Market: Sales Value (in Million US$), 2018 & 2023
- Figure 65: Russia: Asteroid Mining Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 66: Others: Asteroid Mining Market: Sales Value (in Million US$), 2018 & 2023
- Figure 67: Others: Asteroid Mining Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 68: Latin America: Asteroid Mining Market: Sales Value (in Million US$), 2018 & 2023
- Figure 69: Latin America: Asteroid Mining Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 70: Brazil: Asteroid Mining Market: Sales Value (in Million US$), 2018 & 2023
- Figure 71: Brazil: Asteroid Mining Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 72: Mexico: Asteroid Mining Market: Sales Value (in Million US$), 2018 & 2023
- Figure 73: Mexico: Asteroid Mining Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 74: Others: Asteroid Mining Market: Sales Value (in Million US$), 2018 & 2023
- Figure 75: Others: Asteroid Mining Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 76: Middle East and Africa: Asteroid Mining Market: Sales Value (in Million US$), 2018 & 2023
- Figure 77: Middle East and Africa: Asteroid Mining Market: Breakup by Country (in %), 2023
- Figure 78: Middle East and Africa: Asteroid Mining Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 79: Global: Asteroid Mining Industry: SWOT Analysis
- Figure 80: Global: Asteroid Mining Industry: Value Chain Analysis
- Figure 81: Global: Asteroid Mining Industry: Porter's Five Forces Analysis
List of Tables
- Table 1: Global: Asteroid Mining Market: Key Industry Highlights, 2023 and 2032
- Table 2: Global: Asteroid Mining Market Forecast: Breakup by Asteroid Type (in Million US$), 2024-2032
- Table 3: Global: Asteroid Mining Market Forecast: Breakup by Phase (in Million US$), 2024-2032
- Table 4: Global: Asteroid Mining Market Forecast: Breakup by Application (in Million US$), 2024-2032
- Table 5: Global: Asteroid Mining Market Forecast: Breakup by Region (in Million US$), 2024-2032
- Table 6: Global: Asteroid Mining Market: Competitive Structure
- Table 7: Global: Asteroid Mining Market: Key Players
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