Global Space Mining Market 2022 Research Report initially provides a basic overview of the industry that covers definition, applications and manufacturing technology, post which the report explores into the international players in the market.
Global Space Mining Market was valued at US$ 11.53 Bn. in 2021. Global Space Mining Market size is expected to grow at a CAGR of 13% through the forecast period.
Space Mining Market Overview:
The extraction of raw materials from asteroids and small planets is known as space mining. The primary goal of space mining is to meet mineral requirements. Platinum, gold, silver, nickel, and aluminum are just a few of the materials available. Ice water can be collected and utilized as a rocket propellant on C-type asteroids. The growing number of C-type asteroids space mining missions and signs of water and metal in space are fuelling the space mining business. The space mining business is being driven by increased private stakeholder investments in space mining enterprises. A growing number of government activities to design legislation for asteroid mining and multiple space mining missions are boosting the sector.
The purpose of this study is to provide a thorough overview of the Space Mining market by component, application, industry, and geography. The article goes into great detail about the primary factors influencing the Space Mining market's growth. The report also includes a comprehensive examination of the market's value chain.
Market Scope:
Secondary research is used to assess and predict the Space Mining industry, and it begins with sources that gather revenue data from major suppliers. When assessing market segmentation, vendor offerings are also considered. Using the bottom-up approach, the entire size of the Space Mining market was calculated using the income of major enterprises.
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Segmentation:
Around 75% of all known asteroids are C-type (carbonaceous) asteroids, making them the most common. They are volatile-rich, have a very low albedo, and contain a significant amount of carbon in addition to rocks and minerals. They have a 1.7 g/cm3 density. They are most prevalent in the edge of the asteroid belt, 3.5 astronomical units (AU) from the Sun, where 80% of asteroids are C-type, compared to just 40% of asteroids at a distance of 2 AU. Except for D-types and those that lie mostly at the asteroid belt's extreme outer boundary, C-type asteroid types are significantly darker (and hence less detectable) than most other asteroid types, so the proportion of C-types may be larger.
Key Players:
We investigated the Space Mining Market from every angle, including both primary and secondary research methods. This improved our grasp of current market dynamics such as supply-demand imbalances, pricing trends, product preferences, consumer behaviours, and so on. Following that, the data is collated and evaluated using a variety of market estimation and data validation approaches. In addition, we have an in-house data forecasting engine that predicts market growth until 2027.
The major players covered in the Space Mining market report are
• ASTEROID MINING CORPORATION LIMITED
• BRADFORD
• SPACE
• KLEOS SPACE S.A.
• MOON EXPRESS
• PLANETARY RESOURCES
• SPACEFAB.US
• SIERRA NEVADA CORPORATION
• OFFWORLD
• VIRGIN GALACTIC
• Boeing. (US)
• ISRO (India)
• Shackleton Energy Company (US)
• Northrop Grumman Corporation. (US)
• Airbus S.A.S. (Netherlands)
• Trans Astronautica Corporation. (US)
• NASA (US)
Regional Analysis:
Market share information for North America, Europe, Asia-Pacific, the Middle East, Africa, and South America are available separately. Maximize analysts assess competitive strengths and conduct competitive analysis on each rival separately.
COVID-19 Impact Analysis on Space Mining Market:
Aerospace and defence, agriculture, automobiles, retail and e-commerce, energy and power, healthcare, packaging, mining, electronics, banking, financial services, and insurance are among the industries affected by the COVID-19 epidemic. COVID-19 has had an impact on the Space Mining market as a whole, as well as the growth rate in 2019-2020 as COVID-19's impact spreads. Our most recent research, perspectives, and management knowledge are critical to the enterprises and associations in the Space Mining sector, which is pushing through the COVID-19 emergency to deal with the danger of digitization employment in order to provide trustworthy facts and experiences to CEOs.
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Key Questions Answered in the Space Mining Market Report are:
- Which segment captured the most market share in the Space Mining market?
- What was the Space Mining market's competitive environment in 2021?
- What are the primary elements driving the Space Mining market's growth?
- In 2021, which region had the most proportion of the Space Mining market?
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