Space Mining Market Revenue to reach USD 5,068.06 million

Data Bridge Market Research analyses that the space mining market was valued at USD 1,141.62 million in 2021 and is expected to reach the value of USD 5,068.06 million by 2029, at a CAGR of 20.48% during the forecast period. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.

Global Space Mining Marketing report helps to understand valuable trends, an insight into consumer behavior, and visualizations that will empower to conduct effective competitor analysis. With such market report, businesses can be made more intelligent and more efficient that ultimately meet the needs of target audience. This, in turn, will accelerate the commercial success significantly. This full market research report brings the results of market-driven research to life, giving users a data analysis tool to create actionable strategies from a range of consumer-driven insights. To get a holistic view of the market, a large scale Space Mining Market research report works the best.

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WHAT IS SPACE MINING MARKET?

Excavating minerals and stuff from asteroid and close-to-Earth objects is known as space mining. Exploitation, mining on Earth, and the excavation of rare minerals and resources are similar goals of space mining. The cost, which is exceedingly expensive for space mining but more expensive on Earth due to the rapid decline in resource availability, is the main distinction between the two. The only practical option for mining resources and minerals may be from space.

COVID-19 Impact on Space Mining Market

The outbreak of COVID-19 has slightly affected the space mining market. Despite minor setbacks in the manufacturing industry, most space mining-related programs are on track because the market is gradually progressing toward commercializing space mining activities. Space mining demand was hampered due to economic instability, poor consumer confidence, and a partial corporate shutdown. As a result of this pandemic, logistics activities were delayed, and the supply chain was hindered. However, due to the uplifting of regulations, the space mining sector is expected to pick up its speed in the post-pandemic scenario.

Expected Impact of Economic Slowdown on the Pricing and Availability of Products

When economic activity slows, industries begin to suffer. The forecasted effects of the economic downturn on the pricing and accessibility of the products are taken into account in the market insight reports and intelligence services provided by DBMR. With this, our clients can typically keep one step ahead of their competitors, project their sales and revenue, and estimate their profit and loss expenditures.

Recent Developments

In October 2021, Airbus Ventures announced that the company extended its portfolio with an investment in space Inc. This is also a part of an extension of the lunar exploration company's Series C investment round.
In August 2021, NASA announced that it had given a 10-cent check to mine the moon to space startup Lunar Outpost in the first-ever payment to a company. This check, which was just 10% of Lunar Outpost's USD 1 bid, will go to the company's efforts to collect regolith or lunar dust for the agency.
In April 2021, TransAstra declared that it received two contracts for Sun FlowerSolar Power Tower operations and Radiant Gas Dynamic (R.G.D.) Ice Mining from the NASA Small Business Innovation Research (SBIR) program at the Lunar base of operations.

SPACE MINING MARKET SEGMENTATION

Type of Asteroid

Type C
Type S
Type M

Phase

Spacecraft Design
Launch
Operation

Type of Commodity Resource

Water
Platinum Group Materials
Structural Elements

Distance from Earth

Near-Earth Asteroids
Asteroid Belt Distance Ranges from Earth

Application

Extra-Terrestrial Commodity
Construction
Human Life Sustainability
Fuel,
3D Printing

Utilization

Earth
Space

BASIC QUESTIONS ASKED

What are the main elements influencing the dynamics of the market?
What market factors and obstacles are present for Space Mining Market?
What are the commercial risks and dangers facing the market for Space Mining Market?
What recent developments have there been in the market for Space Mining Market?
Which businesses are driving these innovations?
Which companies dominate the market for Space Mining Market?
What tactical plans are the major players doing to expand the business?

SPACE MINING MARKET COUNTRY LEVEL ANALYSIS

The countries covered in the Space Mining Market report are-

U.S.
Canada and Mexico in North America
Germany
France
U.K.
Netherlands
Switzerland
Belgium
Russia
Italy
Spain
Turkey
Rest of Europe in Europe
China
Japan
India
South Korea
Singapore
Malaysia
Australia
Thailand
Indonesia
Philippines
Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC)
Saudi Arabia
U.A.E
South Africa
Egypt
Israel

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KEY MARKET COMPETITORS COVERED IN THE REPORT

Asteroid Mining Corporation Limited (U.K.)
Bradford Space (U.S.)
iSpace (Japan)
Kleos Space (Luxembourg)
Planetary Resources (U.S.)
Moon Express (U.S.)
Boeing. (U.S.)
ISRO (India)
Airbus S.A.S. (Netherlands)
Trans Astronautica Corporation. (U.S.)
NASA (U.S.)
OffWorld. (U.S.)
Virgin Galactic (U.S.)
Shackleton Energy Company (U.S.)
SpaceFab.US, Inc. (U.S.)
Northrop Grumman Corporation. (U.S.)
Deep Space Industries (U.S.)
Shackleton Energy Company (U.S.)
SPACE EXPLORATION TECHNOLOGIES CORP. (U.S.)
Japan Aerospace Exploration Agency (Japan)

MAJOR TOC OF THE REPORT

Introduction
Industry Overview
Space Mining Market Analysis
Environment Analysis of Space Mining Market
Analysis of Revenue by Classifications
Analysis of Revenue by Regions and Applications
Analysis of Space Mining Market Status 2022-2030
Sales Price and Gross Margin Analysis
Marketing Trader or Distributor Analysis of Space Mining Market
Development Trend of Space Mining Market Industry 2016-2021
Industry Chain Suppliers of Space Mining Market with Contact Information
New Project Investment Feasibility Analysis of Space Mining Market
Conclusion of the Global Space Mining Market Industry 2015 Market Research Report

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Space Mining Market Revenue to reach USD 5,068.06 million

COVID-19 Impact on Space Mining Market

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