Space Mining Market
Space Mining Market Forecasts to 2030 - Global Analysis By Resource Type (Metals, Water, Helium-3, Rare Earth Elements (REEs) and Other Resource Types), Mission Type, Mining Location, Technology, Application, End User and By Geography
According to Stratistics MRC, the Global Space Mining Market is accounted for $1.9 billion in 2024 and is expected to reach $5.7 billion by 2030 growing at a CAGR of 20.1% during the forecast period. Space mining is the extraction of valuable resources, such as metals, minerals, and water, from asteroids, moons, and other celestial bodies. The primary goal is to gather rare materials like platinum, gold, and rare earth elements that are scarce on Earth. Space mining holds the potential to support future space exploration by providing essential resources for building spacecraft, sustaining life, and fueling space missions.
According to a 2024 European Space Agency (ESA) assessment, only around 30% of the technologies required for space mining are currently at a Technology Readiness Level (TRL) of 6 or higher, the minimum for space applications.
Market Dynamics:
Driver:
Growing potential for high-value resources
The market is poised for significant growth as technological advancements and increased investment fuel the extraction of high-value resources like precious metals, water, and rare minerals from asteroids and other celestial bodies. This emerging industry promises to revolutionize resource sourcing, potentially alleviating supply constraints on Earth. As space exploration expands, the demand for these resources, essential for both space missions and terrestrial industries, is expected to surge, creating immense economic potential.
Restraint:
Lack of a clear market for space-mined materials
The lack of a clear market for space-mined materials poses a significant challenge for the market. Without established demand or pricing mechanisms for resources like rare metals, companies face uncertainty and financial risks. This hampers investment, delays technological advancements, and reduces the incentive for exploration. Furthermore, the absence of market clarity can lead to inefficient production and commercialization, stalling the sector's growth and potential benefits for global industries.
Opportunity:
Space tourism and commercialization of space
Space tourism and the commercialization of space are driving the growth of the market. As private companies venture into space tourism, the demand for resources such as rare metals and minerals increases, sparking interest in asteroid mining. This emerging market presents opportunities for resource extraction beyond Earth, potentially reshaping industries by providing new supplies of precious materials for technology, manufacturing, and infrastructure, while also expanding commercial space exploration.
Threat:
Risk of space debris
The risk of space debris poses a significant threat to the market. As mining operations increase, so does the potential for generating more debris, which can collide with satellites and spacecraft, causing damage and disrupting operations. This increases costs for insurance, safety measures, and the development of debris removal technologies. The accumulation of space junk could also limit access to mining sites, hindering industry growth and sustainability.
Covid-19 Impact:
The COVID-19 pandemic had a significant impact on the market, causing delays in research, development, and launches due to workforce disruptions and supply chain challenges. Funding for space exploration projects also slowed as investors focused on more immediate concerns. Furthermore, the global economic downturn reduced government and private sector budgets for space ventures. These setbacks delayed the progress of space mining technologies and commercial ventures, slowing the industry's growth.
The asteroids segment is expected to be the largest during the forecast period
The asteroids segment is expected to account for the largest market share during the projection period as they are rich in valuable resources such as rare metals, water, and other minerals. These celestial bodies offer significant potential for resource extraction, which could supply materials for use on Earth and in space-based industries. Mining asteroids could reduce reliance on terrestrial resources and support long-term space exploration, but technological and financial challenges remain in developing efficient and cost-effective mining operations.
The telecommunications segment is expected to have the highest CAGR during the forecast period
The telecommunications segment is expected to have the highest CAGR during the extrapolated period. Advanced communication systems ensure seamless connectivity between mining spacecraft, Earth-based control centers, and other space assets. This technology is vital for managing the complexities of asteroid mining, optimizing resource extraction, and ensuring safety and efficiency, while also supporting the broader infrastructure needed for space exploration and commercialization.
Region with largest share:
North America region is projected to account for the largest market share during the forecast period driven by significant investments from both government agencies and private companies. The region is a leader in developing space mining technologies, focusing on asteroid exploration and resource extraction. The regions robust aerospace industry, advanced research infrastructure, and regulatory frameworks provide a strong foundation for the commercialization and expansion of space mining ventures.
Region with highest CAGR:
Asia Pacific is expected to register the highest growth rate over the forecast period. The development of autonomous mining technologies, space robotics, propulsion systems, and efficient methods for resource extraction from celestial bodies will be a key driver. Moroever, space mining could offer vast economic opportunities. Valuable materials such as platinum, gold, rare earth elements, and water (for fuel and life support) are in abundance in space, particularly in asteroids.
Key players in the market
Some of the key players in Space Mining market include Planetary Resources, Deep Space Industries (DSI), Blue Origin, SpaceX, Astrobotic Technology, Moon Express, Sierra Nevada Corporation, TransAstra Corporation, Lunar Outpost, Maxar Technologies, AstroScale, Relativity Space, Interstellar Technologies, NASA (National Aeronautics and Space Administration) and Bluebird International.
Key Developments:
In December 2024, Crayola, Space4All, Blue Origin's nonprofit Club for the Future and Kennedy Space Center Visitor Complex revealed a new collaboration to honor exceptional educators, increase awareness about the importance of creativity and innovation in space, and inspire students to pursue a future in space-related careers..
In August 2024, NASA and BP signed a Space Act Agreement to test new technologies on the moon and advance energy production. The new agreement will see BP collaborate with Nasa “on a variety of technologies, such as digital models and simulations that allow engineers and scientists to visualise equipment in remote locations more than 7,000 feet (2,133.6m) underwater or millions of miles away on another planet,” according to BP.
Resource Types Covered:
• Metals
• Water
• Helium-3
• Rare Earth Elements (REEs)
• Other Resource Types
Mission Types Covered:
• Government Missions
• Private Sector Missions
• Collaborative Missions
Mining Locations Covered:
• Asteroids
• Moon
• Mars
• Comets
Technologies Covered:
• Robotics & Automation
• 3D Printing
• Space Drones
• Mining Equipment
Applications Covered:
• Resource Harvesting
• 3D Printing
• Spacecraft Construction
• Medical Devices
• Renewable Energy
• Other Applications
End Users Covered:
• Telecommunications
• Transportation
• Healthcare
• Aerospace & Defense
• Manufacturing
• Other End Users
Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2022, 2023, 2024, 2026, and 2030
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
Table of Contents
1 Executive Summary
2 Preface
2.1 Abstract
2.2 Stake Holders
2.3 Research Scope
2.4 Research Methodology
2.4.1 Data Mining
2.4.2 Data Analysis
2.4.3 Data Validation
2.4.4 Research Approach
2.5 Research Sources
2.5.1 Primary Research Sources
2.5.2 Secondary Research Sources
2.5.3 Assumptions
3 Market Trend Analysis
3.1 Introduction
3.2 Drivers
3.3 Restraints
3.4 Opportunities
3.5 Threats
3.6 Technology Analysis
3.7 Application Analysis
3.8 End User Analysis
3.9 Emerging Markets
3.10 Impact of Covid-19
4 Porters Five Force Analysis
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry
5 Global Space Mining Market, By Resource Type
5.1 Introduction
5.2 Metals
5.3 Water
5.4 Helium-3
5.5 Rare Earth Elements (REEs)
5.6 Other Resource Types
6 Global Space Mining Market, By Mission Type
6.1 Introduction
6.2 Government Missions
6.3 Private Sector Missions
6.4 Collaborative Missions
7 Global Space Mining Market, By Mining Location
7.1 Introduction
7.2 Asteroids
7.3 Moon
7.4 Mars
7.5 Comets
8 Global Space Mining Market, By Technology
8.1 Introduction
8.2 Robotics & Automation
8.3 3D Printing
8.4 Space Drones
8.5 Mining Equipment
9 Global Space Mining Market, By Application
9.1 Introduction
9.2 Resource Harvesting
9.3 3D Printing
9.4 Spacecraft Construction
9.5 Medical Devices
9.6 Renewable Energy
9.7 Other Applications
10 Global Space Mining Market, By End User
10.1 Introduction
10.2 Telecommunications
10.3 Transportation
10.4 Healthcare
10.5 Aerospace & Defense
10.6 Manufacturing
10.7 Other End Users
11 Global Space Mining Market, By Geography
11.1 Introduction
11.2 North America
11.2.1 US
11.2.2 Canada
11.2.3 Mexico
11.3 Europe
11.3.1 Germany
11.3.2 UK
11.3.3 Italy
11.3.4 France
11.3.5 Spain
11.3.6 Rest of Europe
11.4 Asia Pacific
11.4.1 Japan
11.4.2 China
11.4.3 India
11.4.4 Australia
11.4.5 New Zealand
11.4.6 South Korea
11.4.7 Rest of Asia Pacific
11.5 South America
11.5.1 Argentina
11.5.2 Brazil
11.5.3 Chile
11.5.4 Rest of South America
11.6 Middle East & Africa
11.6.1 Saudi Arabia
11.6.2 UAE
11.6.3 Qatar
11.6.4 South Africa
11.6.5 Rest of Middle East & Africa
12 Key Developments
12.1 Agreements, Partnerships, Collaborations and Joint Ventures
12.2 Acquisitions & Mergers
12.3 New Product Launch
12.4 Expansions
12.5 Other Key Strategies
13 Company Profiling
13.1 Planetary Resources
13.2 Deep Space Industries (DSI)
13.3 Blue Origin
13.4 SpaceX
13.5 Astrobotic Technology
13.6 Moon Express
13.7 Sierra Nevada Corporation
13.8 TransAstra Corporation
13.9 Lunar Outpost
13.10 Maxar Technologies
13.11 AstroScale
13.12 Relativity Space
13.13 Interstellar Technologies
13.14 NASA (National Aeronautics and Space Administration)
13.15 Bluebird International
List of Tables
1 Global Space Mining Market Outlook, By Region (2022-2030) ($MN)
2 Global Space Mining Market Outlook, By Resource Type (2022-2030) ($MN)
3 Global Space Mining Market Outlook, By Metals (2022-2030) ($MN)
4 Global Space Mining Market Outlook, By Water (2022-2030) ($MN)
5 Global Space Mining Market Outlook, By Helium-3 (2022-2030) ($MN)
6 Global Space Mining Market Outlook, By Rare Earth Elements (REEs) (2022-2030) ($MN)
7 Global Space Mining Market Outlook, By Other Resource Types (2022-2030) ($MN)
8 Global Space Mining Market Outlook, By Mission Type (2022-2030) ($MN)
9 Global Space Mining Market Outlook, By Government Missions (2022-2030) ($MN)
10 Global Space Mining Market Outlook, By Private Sector Missions (2022-2030) ($MN)
11 Global Space Mining Market Outlook, By Collaborative Missions (2022-2030) ($MN)
12 Global Space Mining Market Outlook, By Mining Location (2022-2030) ($MN)
13 Global Space Mining Market Outlook, By Asteroids (2022-2030) ($MN)
14 Global Space Mining Market Outlook, By Moon (2022-2030) ($MN)
15 Global Space Mining Market Outlook, By Mars (2022-2030) ($MN)
16 Global Space Mining Market Outlook, By Comets (2022-2030) ($MN)
17 Global Space Mining Market Outlook, By Technology (2022-2030) ($MN)
18 Global Space Mining Market Outlook, By Robotics & Automation (2022-2030) ($MN)
19 Global Space Mining Market Outlook, By 3D Printing (2022-2030) ($MN)
20 Global Space Mining Market Outlook, By Space Drones (2022-2030) ($MN)
21 Global Space Mining Market Outlook, By Mining Equipment (2022-2030) ($MN)
22 Global Space Mining Market Outlook, By Application (2022-2030) ($MN)
23 Global Space Mining Market Outlook, By Resource Harvesting (2022-2030) ($MN)
24 Global Space Mining Market Outlook, By 3D Printing (2022-2030) ($MN)
25 Global Space Mining Market Outlook, By Spacecraft Construction (2022-2030) ($MN)
26 Global Space Mining Market Outlook, By Medical Devices (2022-2030) ($MN)
27 Global Space Mining Market Outlook, By Renewable Energy (2022-2030) ($MN)
28 Global Space Mining Market Outlook, By Other Applications (2022-2030) ($MN)
29 Global Space Mining Market Outlook, By End User (2022-2030) ($MN)
30 Global Space Mining Market Outlook, By Telecommunications (2022-2030) ($MN)
31 Global Space Mining Market Outlook, By Transportation (2022-2030) ($MN)
32 Global Space Mining Market Outlook, By Healthcare (2022-2030) ($MN)
33 Global Space Mining Market Outlook, By Aerospace & Defense (2022-2030) ($MN)
34 Global Space Mining Market Outlook, By Manufacturing (2022-2030) ($MN)
35 Global Space Mining Market Outlook, By Other End Users (2022-2030) ($MN)
Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.
List of Figures
RESEARCH METHODOLOGY
We at ‘Stratistics’ opt for an extensive research approach which involves data mining, data validation, and data analysis. The various research sources include in-house repository, secondary research, competitor’s sources, social media research, client internal data, and primary research.
Our team of analysts prefers the most reliable and authenticated data sources in order to perform the comprehensive literature search. With access to most of the authenticated data bases our team highly considers the best mix of information through various sources to obtain extensive and accurate analysis.
Each report takes an average time of a month and a team of 4 industry analysts. The time may vary depending on the scope and data availability of the desired market report. The various parameters used in the market assessment are standardized in order to enhance the data accuracy.
Data Mining
The data is collected from several authenticated, reliable, paid and unpaid sources and is filtered depending on the scope & objective of the research. Our reports repository acts as an added advantage in this procedure. Data gathering from the raw material suppliers, distributors and the manufacturers is performed on a regular basis, this helps in the comprehensive understanding of the products value chain. Apart from the above mentioned sources the data is also collected from the industry consultants to ensure the objective of the study is in the right direction.
Market trends such as technological advancements, regulatory affairs, market dynamics (Drivers, Restraints, Opportunities and Challenges) are obtained from scientific journals, market related national & international associations and organizations.
Data Analysis
From the data that is collected depending on the scope & objective of the research the data is subjected for the analysis. The critical steps that we follow for the data analysis include:
- Product Lifecycle Analysis
- Competitor analysis
- Risk analysis
- Porters Analysis
- PESTEL Analysis
- SWOT Analysis
The data engineering is performed by the core industry experts considering both the Marketing Mix Modeling and the Demand Forecasting. The marketing mix modeling makes use of multiple-regression techniques to predict the optimal mix of marketing variables. Regression factor is based on a number of variables and how they relate to an outcome such as sales or profits.
Data Validation
The data validation is performed by the exhaustive primary research from the expert interviews. This includes telephonic interviews, focus groups, face to face interviews, and questionnaires to validate our research from all aspects. The industry experts we approach come from the leading firms, involved in the supply chain ranging from the suppliers, distributors to the manufacturers and consumers so as to ensure an unbiased analysis.
We are in touch with more than 15,000 industry experts with the right mix of consultants, CEO's, presidents, vice presidents, managers, experts from both supply side and demand side, executives and so on.
The data validation involves the primary research from the industry experts belonging to:
- Leading Companies
- Suppliers & Distributors
- Manufacturers
- Consumers
- Industry/Strategic Consultants
Apart from the data validation the primary research also helps in performing the fill gap research, i.e. providing solutions for the unmet needs of the research which helps in enhancing the reports quality.
For more details about research methodology, kindly write to us at info@strategymrc.com
Frequently Asked Questions
In case of any queries regarding this report, you can contact the customer service by filing the “Inquiry Before Buy” form available on the right hand side. You may also contact us through email: info@strategymrc.com or phone: +1-301-202-5929
Yes, the samples are available for all the published reports. You can request them by filling the “Request Sample” option available in this page.
Yes, you can request a sample with your specific requirements. All the customized samples will be provided as per the requirement with the real data masked.
All our reports are available in Digital PDF format. In case if you require them in any other formats, such as PPT, Excel etc you can submit a request through “Inquiry Before Buy” form available on the right hand side. You may also contact us through email: info@strategymrc.com or phone: +1-301-202-5929
We offer a free 15% customization with every purchase. This requirement can be fulfilled for both pre and post sale. You may send your customization requirements through email at info@strategymrc.com or call us on +1-301-202-5929.
We have 3 different licensing options available in electronic format.
- Single User Licence: Allows one person, typically the buyer, to have access to the ordered product. The ordered product cannot be distributed to anyone else.
- 2-5 User Licence: Allows the ordered product to be shared among a maximum of 5 people within your organisation.
- Corporate License: Allows the product to be shared among all employees of your organisation regardless of their geographical location.
All our reports are typically be emailed to you as an attachment.
To order any available report you need to register on our website. The payment can be made either through CCAvenue or PayPal payments gateways which accept all international cards.
We extend our support to 6 months post sale. A post sale customization is also provided to cover your unmet needs in the report.
Request Customization
We provide a free 15% customization on every purchase. This requirement can be fulfilled for both pre and post sale. You may send your customization requirements through email at info@strategymrc.com or call us on +1-301-202-5929.
Note: This customization is absolutely free until it falls under the 15% bracket. If your requirement exceeds this a feasibility check will be performed. Post that, a quote will be provided along with the timelines.
WHY CHOOSE US ?
Assured Quality
Best in class reports with high standard of research integrity
24X7 Research Support
Continuous support to ensure the best customer experience.
Free Customization
Adding more values to your product of interest.
Safe & Secure Access
Providing a secured environment for all online transactions.
Trusted by 600+ Brands
Serving the most reputed brands across the world.
