24 March 2021
Visiongain has published a new report on Space Mining Market Report to 2031: Forecasts by Phase (Spacecraft Design, Launch, and Operation), Type of Asteroid (Type C, Type S, and Type M), By Application (Extraterrestrial Commodity, Construction, Human Life Sustainability, Fuel, and 3d Printing). PLUS, Profiles of Leading Space Mining Companies and Regional and Leading National Market Analysis. PLUS COVID-19 Recovery Scenarios
Global Space Mining market was valued at US$ xx billion in xx and is projected to reach at a market value of US$ xx billion by 2031
COVID-19 Impact on Space Mining Market
The COVID-19 pandemic has impacted lives of people all around the globe. It has proved quite detrimental for business across the globe and no industry and remained untouched by its impacts. This pandemic has caused a serious disruption in the supply chain and has resulted in a huge supply-demand gap in the market for space mining worldwide
Ongoing and Impending Space Mining Missions
The space mining market stood at 712 million U.S. dollars in 2017 and is expected to account to around 3.87 billion U.S. dollars in 2025 (according to Statista). The market value of space mining drives the development of innovative technologies and spaceship designs, which are anticipated to boost the space missions for the purpose of mining of raw materials in the future.
Increasing Investments and Government Initiatives to Frame Regulations with Respect to Asteroid Mining
Important factors, for instance, the rise in number of government steps in framing the regulations regarding mining of asteroids and implementation of In-Situ Resource Utilization (ISRU) practices in space exploration developments are anticipated to provide lucrative opportunities for the market over the forecast period.
Government Initiatives Resulting in Growing Number of Start-Ups
Increasing government initiatives to boost the space mining industry, for instance, the Luxembourg space mining law and the Commercial Space Launch Competitiveness Act, which were approved in line with the Space Resources initiatives are expected to be one of the main driving factors for the market growth during the forecast period.
The market is in its early stages, with most of the progress expected to come only in the next decades. Some of the companies profiled in the report include Deep Space Industries (DSI), Planetary Resources, Moon Express, Ispace, Asteroid Mining Corporation, Shackleton Energy Company (SEC), Kleos Space, Transastra, Offworld, and Spacefab.Us.
• In October 2018, Planetary Resources,Inc., a pioneer in the asteroid mining industry, was acquired by ConsenSys, a Brooklyn-based blockchain company
• In January 2019, Deep Space Industries was acquired by Bradford Space
Notes for Editors
If you are interested in a more detailed overview of this report, please send an e-mail to firstname.lastname@example.org or call her on +44 (0) 20 7549 9987.
Visiongain is one of the fastest-growing and most innovative independent media companies in Europe. Based in London, UK, Visiongain produces a host of business-to-business reports focusing on the automotive, aviation, chemicals, cyber, defence, energy, food & drink, materials, packaging, pharmaceutical and utilities sectors.
Visiongain publishes reports produced by analysts who are qualified experts in their field. Visiongain has firmly established itself as the first port of call for the business professional who needs independent, high-quality, original material to rely and depend on.
The penetration of lightweight composites in the development of advanced engine technology requiring high thermal stability fueled the growth of high temperature matrix systems.
19 July 2021
The adoption of new standards can have a significant impact on the insulation industry, as observed in Russia and Mexico in the near future—quantifying this impact, however, is difficult and extremely speculative.
14 July 2021
Increased demand for valves from healthcare & pharmaceuticals industries and growing investment in research & development are some of the major factors driving the market growth.
06 May 2021
Increasing demand from aerospace segment is one of the major reasons behind this market growth. The cost of carbon fibres is directly proportional to the cost of precursor raw materials from which they are obtained.