Dublin, Feb. 10, 2022 (GLOBE NEWSWIRE) -- The "Global Space Mining Market (2021-2026) by Phase, Asteroid, Application, and Geography, Competitive Analysis and the Impact of Covid-19 with Ansoff Analysis" report has been added to ResearchAndMarkets.com's offering.
The Global Space Mining Market is estimated to be USD 1.32 Bn in 2021 and is expected to reach USD 3.74 Bn by 2026, growing at a CAGR of 23.19 %
Market Dynamics
The process of extracting resources and minerals from asteroids and near-Earth objects is known as space mining. The goal of space mining is similar to that of earth mining, which is the exploitation and extraction of valuable commodities and minerals. Minerals can be extracted from an asteroid or spent comet and utilized in space for building or return to Earth. Gold, iridium, silver, osmium, palladium, platinum, nickel, and aluminum are examples of these resources or raw materials.
The factors projected to fuel the growth of the asteroid mining market include ongoing and upcoming space mining missions, increased private stakeholder investments in space mining firms, and the adoption of 3D printing technology in asteroid mining. Furthermore, several dangers related to asteroids mining impede market expansion. Moreover, factors such as an increase in government attempts to develop rules for asteroid mining and the adoption of In-Situ Resource Utilization (ISRU) practices in space research are projected to provide profitable prospects for the industry. Furthermore, increased collaborations, mergers, and partnerships amongst significant players in the global space mining and space technology market are likely to open up new growth prospects in the future years.
However, the high cost of mining and Technical challenges hamper the market's growth.
The Global Space Mining Market is segmented based on Phase, Asteroid, Application, and Geography.
Company Profiles
Some of the companies covered in this report are Asteroid Mining Corporation, Bradford Space, ispace, Japan Aerospace Exploration Agency, Moon Express, Offworld, Roscosmos State Corporation, etc.
Competitive Quadrant
The report includes a Competitive Quadrant, a proprietary tool to analyze and evaluate the position of companies based on their Industry Position score and Market Performance score. The tool uses various factors for categorizing the players into four categories. Some of these factors considered for analysis are financial performance over the last 3 years, growth strategies, innovation score, new product launches, investments, growth in market share, etc.
Why buy this report?
- The report offers a comprehensive evaluation of the Global Space Mining Market. The report includes in-depth qualitative analysis, verifiable data from authentic sources, and projections about market size. The projections are calculated using proven research methodologies.
- The report has been compiled through extensive primary and secondary research. The primary research is done through interviews, surveys, and observation of renowned personnel in the industry.
- The report includes an in-depth market analysis using Porter's 5 forces model and the Ansoff Matrix. In addition, the impact of Covid-19 on the market is also featured in the report.
- The report also includes the regulatory scenario in the industry, which will help you make a well-informed decision. The report discusses major regulatory bodies and major rules and regulations imposed on this sector across various geographies.
- The report also contains the competitive analysis using Positioning Quadrants, the analyst's Proprietary competitive positioning tool.
Key Topics Covered:
1 Report Description
2 Research Methodology
3 Executive Summary
4 Market Influencers
4.1 Drivers
4.1.1 Current and Future Space Mining Missions
4.1.2 Increasing R&D Investment
4.2 Restraints
4.2.1 High Costs Associated with Space Mining
4.2.2 Technical Challenges
4.3 Opportunities
4.3.1 Government Initiatives Resulting in the Rise of the Start-Ups.
4.3.2 Advancement in Space Technology
4.4 Challenges
4.4.1 Significant Environmental Risks Associated with Landing a Spacecraft on an Asteroid
5 Market Analysis
5.1 Regulatory Scenario
5.2 Porter's Five Forces Analysis
5.3 Impact of COVID-19
5.4 Ansoff Matrix Analysis
6 Global Space Mining Market, By Phase Type
6.1 Introduction
6.2 Spacecraft Design
6.3 Launch
6.4 Operation
7 Global Space Mining Market, By Asteroid Type
7.1 Introduction
7.2 Type C
7.3 Type S
7.4 Type M
7.5 Others
8 Global Space Mining Market, By Application
8.1 Introduction
8.2 Construction
8.3 Resource Harvesting
8.4 3D Printing
8.5 Others
9 Global Space Mining Market, By Geography
10 Competitive Landscape
10.1 Competitive Quadrant
10.2 Market Share Analysis
10.3 Strategic Initiatives
10.3.1 M&A and Investments
10.3.2 Partnerships and Collaborations
10.3.3 Product Developments and Improvements
11 Company Profiles
11.1 Asteroid Mining
11.2 Boeing Defense, Space & Security
11.3 Bradford Space
11.4 China National Space Administration
11.5 European Space Agency
11.6 Indian Space Research Organisation
11.7 Ispace
11.8 Japan Aerospace Exploration Agency
11.9 Kleos Space Inc
11.10 Moon Express
11.11 NASA
11.12 Northrop Grumman Corporation
11.13 Offworld
11.14 Planetary Resources
11.15 Roscosmos State Corporation
11.16 Shackleton Energy
11.17 Sierra Nevada
11.18 SpaceFab
11.19 SpaceX
11.20 TransAstra
11.21 Virgin Galactic
12 Appendix
For more information about this report visit https://www.researchandmarkets.com/r/pxnwrq
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