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Report
Asteroid Mining Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028
Market Report I 2023-10-15 I 140 Pages I IMARC Group
Market Overview:
The global asteroid mining market size reached US$ 1.6 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 4.9 Billion by 2028, exhibiting a growth rate (CAGR) of 19.4% during 2023-2028.
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 2023-2028. 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 2023-2028?
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?
1 Preface
2 Scope and Methodology
2.1Objectives of the Study
2.2Stakeholders
2.3Data Sources
2.3.1Primary Sources
2.3.2Secondary Sources
2.4Market Estimation
2.4.1Bottom-Up Approach
2.4.2Top-Down Approach
2.5Forecasting Methodology
3 Executive Summary
4 Introduction
4.1Overview
4.2Key Industry Trends
5 Global Asteroid Mining Market
5.1Market Overview
5.2Market Performance
5.3Impact of COVID-19
5.4Market Forecast
6 Market Breakup by Asteroid Type
6.1Type C
6.1.1 Market Trends
6.1.2 Market Forecast
6.2Type S
6.2.1 Market Trends
6.2.2 Market Forecast
6.3Type M
6.3.1 Market Trends
6.3.2 Market Forecast
6.4Others
6.4.1 Market Trends
6.4.2 Market Forecast
7 Market Breakup by Phase
7.1Spacecraft Design
7.1.1 Market Trends
7.1.2 Market Forecast
7.2Launch
7.2.1 Market Trends
7.2.2 Market Forecast
7.3Operation
7.3.1 Market Trends
7.3.2 Market Forecast
8 Market Breakup by Application
8.1Construction
8.1.1 Market Trends
8.1.2 Market Forecast
8.2Resource Harvesting
8.2.1 Market Trends
8.2.2 Market Forecast
8.33D Printing
8.3.1 Market Trends
8.3.2 Market Forecast
8.4Others
8.4.1 Market Trends
8.4.2 Market Forecast
9 Market Breakup by Region
9.1North 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
9.2Asia-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
9.3Europe
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
9.4Latin 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
9.5Middle East and Africa
9.5.1 Market Trends
9.5.2 Market Breakup by Country
9.5.3 Market Forecast
10 SWOT Analysis
10.1Overview
10.2Strengths
10.3Weaknesses
10.4Opportunities
10.5Threats
11 Value Chain Analysis
12 Porters Five Forces Analysis
12.1Overview
12.2Bargaining Power of Buyers
12.3Bargaining Power of Suppliers
12.4Degree of Competition
12.5Threat of New Entrants
12.6Threat of Substitutes
13 Price Analysis
14 Competitive Landscape
14.1Market Structure
14.2Key Players
14.3Profiles of Key Players
14.3.1Asteroid Mining Corporation Limited
14.3.1.1 Company Overview
14.3.1.2 Product Portfolio
14.3.2Moon Express Inc.
14.3.2.1 Company Overview
14.3.2.2 Product Portfolio
14.3.3OffWorld
14.3.3.1 Company Overview
14.3.3.2 Product Portfolio
14.3.4Shackleton Energy Company
14.3.4.1 Company Overview
14.3.4.2 Product Portfolio
14.3.5SpaceFab.US Inc.
14.3.5.1 Company Overview
14.3.5.2 Product Portfolio
14.3.6Trans Astronautica Corporation
14.3.6.1 Company Overview
14.3.6.2 Product Portfolio
Figure 1: Global: Asteroid Mining Market: Major Drivers and Challenges
Figure 2: Global: Asteroid Mining Market: Sales Value (in Billion US$), 2017-2022
Figure 3: Global: Asteroid Mining Market Forecast: Sales Value (in Billion US$), 2023-2028
Figure 4: Global: Asteroid Mining Market: Breakup by Asteroid Type (in %), 2022
Figure 5: Global: Asteroid Mining Market: Breakup by Phase (in %), 2022
Figure 6: Global: Asteroid Mining Market: Breakup by Application (in %), 2022
Figure 7: Global: Asteroid Mining Market: Breakup by Region (in %), 2022
Figure 8: Global: Asteroid Mining (Type C) Market: Sales Value (in Million US$), 2017 & 2022
Figure 9: Global: Asteroid Mining (Type C) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 10: Global: Asteroid Mining (Type S) Market: Sales Value (in Million US$), 2017 & 2022
Figure 11: Global: Asteroid Mining (Type S) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 12: Global: Asteroid Mining (Type M) Market: Sales Value (in Million US$), 2017 & 2022
Figure 13: Global: Asteroid Mining (Type M) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 14: Global: Asteroid Mining (Other Asteroid Types) Market: Sales Value (in Million US$), 2017 & 2022
Figure 15: Global: Asteroid Mining (Other Asteroid Types) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 16: Global: Asteroid Mining (Spacecraft Design) Market: Sales Value (in Million US$), 2017 & 2022
Figure 17: Global: Asteroid Mining (Spacecraft Design) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 18: Global: Asteroid Mining (Launch) Market: Sales Value (in Million US$), 2017 & 2022
Figure 19: Global: Asteroid Mining (Launch) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 20: Global: Asteroid Mining (Operation) Market: Sales Value (in Million US$), 2017 & 2022
Figure 21: Global: Asteroid Mining (Operation) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 22: Global: Asteroid Mining (Construction) Market: Sales Value (in Million US$), 2017 & 2022
Figure 23: Global: Asteroid Mining (Construction) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 24: Global: Asteroid Mining (Resource Harvesting) Market: Sales Value (in Million US$), 2017 & 2022
Figure 25: Global: Asteroid Mining (Resource Harvesting) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 26: Global: Asteroid Mining (3D Printing) Market: Sales Value (in Million US$), 2017 & 2022
Figure 27: Global: Asteroid Mining (3D Printing) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 28: Global: Asteroid Mining (Other Applications) Market: Sales Value (in Million US$), 2017 & 2022
Figure 29: Global: Asteroid Mining (Other Applications) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 30: North America: Asteroid Mining Market: Sales Value (in Million US$), 2017 & 2022
Figure 31: North America: Asteroid Mining Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 32: United States: Asteroid Mining Market: Sales Value (in Million US$), 2017 & 2022
Figure 33: United States: Asteroid Mining Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 34: Canada: Asteroid Mining Market: Sales Value (in Million US$), 2017 & 2022
Figure 35: Canada: Asteroid Mining Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 36: Asia-Pacific: Asteroid Mining Market: Sales Value (in Million US$), 2017 & 2022
Figure 37: Asia-Pacific: Asteroid Mining Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 38: China: Asteroid Mining Market: Sales Value (in Million US$), 2017 & 2022
Figure 39: China: Asteroid Mining Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 40: Japan: Asteroid Mining Market: Sales Value (in Million US$), 2017 & 2022
Figure 41: Japan: Asteroid Mining Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 42: India: Asteroid Mining Market: Sales Value (in Million US$), 2017 & 2022
Figure 43: India: Asteroid Mining Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 44: South Korea: Asteroid Mining Market: Sales Value (in Million US$), 2017 & 2022
Figure 45: South Korea: Asteroid Mining Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 46: Australia: Asteroid Mining Market: Sales Value (in Million US$), 2017 & 2022
Figure 47: Australia: Asteroid Mining Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 48: Indonesia: Asteroid Mining Market: Sales Value (in Million US$), 2017 & 2022
Figure 49: Indonesia: Asteroid Mining Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 50: Others: Asteroid Mining Market: Sales Value (in Million US$), 2017 & 2022
Figure 51: Others: Asteroid Mining Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 52: Europe: Asteroid Mining Market: Sales Value (in Million US$), 2017 & 2022
Figure 53: Europe: Asteroid Mining Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 54: Germany: Asteroid Mining Market: Sales Value (in Million US$), 2017 & 2022
Figure 55: Germany: Asteroid Mining Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 56: France: Asteroid Mining Market: Sales Value (in Million US$), 2017 & 2022
Figure 57: France: Asteroid Mining Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 58: United Kingdom: Asteroid Mining Market: Sales Value (in Million US$), 2017 & 2022
Figure 59: United Kingdom: Asteroid Mining Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 60: Italy: Asteroid Mining Market: Sales Value (in Million US$), 2017 & 2022
Figure 61: Italy: Asteroid Mining Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 62: Spain: Asteroid Mining Market: Sales Value (in Million US$), 2017 & 2022
Figure 63: Spain: Asteroid Mining Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 64: Russia: Asteroid Mining Market: Sales Value (in Million US$), 2017 & 2022
Figure 65: Russia: Asteroid Mining Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 66: Others: Asteroid Mining Market: Sales Value (in Million US$), 2017 & 2022
Figure 67: Others: Asteroid Mining Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 68: Latin America: Asteroid Mining Market: Sales Value (in Million US$), 2017 & 2022
Figure 69: Latin America: Asteroid Mining Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 70: Brazil: Asteroid Mining Market: Sales Value (in Million US$), 2017 & 2022
Figure 71: Brazil: Asteroid Mining Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 72: Mexico: Asteroid Mining Market: Sales Value (in Million US$), 2017 & 2022
Figure 73: Mexico: Asteroid Mining Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 74: Others: Asteroid Mining Market: Sales Value (in Million US$), 2017 & 2022
Figure 75: Others: Asteroid Mining Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 76: Middle East and Africa: Asteroid Mining Market: Sales Value (in Million US$), 2017 & 2022
Figure 77: Middle East and Africa: Asteroid Mining Market: Breakup by Country (in %), 2022
Figure 78: Middle East and Africa: Asteroid Mining Market Forecast: Sales Value (in Million US$), 2023-2028
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
Table 1: Global: Asteroid Mining Market: Key Industry Highlights, 2022 and 2028
Table 2: Global: Asteroid Mining Market Forecast: Breakup by Asteroid Type (in Million US$), 2023-2028
Table 3: Global: Asteroid Mining Market Forecast: Breakup by Phase (in Million US$), 2023-2028
Table 4: Global: Asteroid Mining Market Forecast: Breakup by Application (in Million US$), 2023-2028
Table 5: Global: Asteroid Mining Market Forecast: Breakup by Region (in Million US$), 2023-2028
Table 6: Global: Asteroid Mining Market: Competitive Structure
Table 7: Global: Asteroid Mining Market: Key Players
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