Space Mining Market - Industry Insights, Drivers, Top Trends, Global Analysis And Forecast to 2028

Space Mining Market - Industry Insights, Drivers, Top Trends, Global Analysis And Forecast to 2028

Space Mining Market, By 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), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2028

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Report Description Space mining market will grow at a CAGR of 24.65% in the forecast period of 2021 to 2028. Continuous ongoing and impending space mining missions is an essential factor driving the space mining market.

Space mining is the type of process of excavation of materials and minerals from asteroids and near-earth objects. The purpose of space mining is similar to that of earth mining, exploitation and excavation of precious materials and minerals. The major difference is the cost involved for both which is extremely costly for space mining, but due to the rapid decline in resources and these resources becoming increasingly scarce on earth, space mining could be the only viable option for the excavation of minerals and materials.

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Major Key Players Some of the major players operating in this market are : • • • • • • • • •

Deep Space Industries Inc Planetary Resources Moon Express Ispace Asteroid Mining Corporation Limited Shackleton Energy Company KLEOS SPACE S.A.., ISRO Boeing SPACE EXPLORATION TECHNOLOGIES CORP

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Market Segmentation • By Phase (Spacecraft Design, Launch, Operation) • By Type of Commodity Resource (Water, Platinum Group Materials, Structural Elements) • By Application (Extra-Terrestrial Commodity, Construction, Human Life Sustainability, Fuel, 3D Printing)

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Regional Analysis Based on geography, the market is segmented into five geographical regions 

North America

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Europe

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Asia-Pacific

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South America

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Middle East

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Africa

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