Oct 24, 2018   SOURCE: BusinessWire

Space Mining Market by Phase (Spacecraft Design, Launch, and Operation), Type of Asteroid (C-Type, M-Type, S-Type), Application (Construction, Fuel, and Others), Asteroid Distance, Commodity Resources - ResearchAndMarkets.com

The "Space Mining Market by Phase (Spacecraft Design, Launch, and Operation), Type of Asteroid (C-Type, M-Type, S-Type), Application (Construction, Fuel, and Others), Asteroid Distance, Commodity Resources, and Geography - Global Forecast to 2025" report has been added to ResearchAndMarkets.com's offering.

The space mining market is expected to grow from USD 0.65 billion in 2018 to USD 2.84 billion by 2023, at a CAGR of 23.6%.

Ongoing and impending space mining missions, increasing investments of private stakeholders in space mining companies, and rising number of government initiatives to frame regulations with respect to asteroid mining drive the space mining market growth. However, the high costs associated with asteroid mining may hinder the growth of the space mining market.

The space mining market for the spacecraft design phase is expected to grow at the highest CAGR during the forecast period. A spacecraft is a vehicle machine designed to fly in outer space. It used for various purposes, such as communications, earth observation, meteorology, navigation, space colonization, planetary exploration, and transportation of humans and cargo.

Type M asteroids expected to grow at the highest CAGR in the space mining market during the forecast period

Type M asteroids are metallic asteroids and are made of rare metals, such as the platinum group metals (PGM). These asteroids dwell in the middle region of the main belt in between S-type and C-type asteroids and have albedos varying from 0.10 to 0.18. These asteroids account for nearly 8% of the known asteroids. Examples of M-type asteroids include 16 Psyche, 21 Lutetia, 22 Kalliope, and 55 Pandora, among others. Type M asteroid would grow at the highest CAGR during the forecast period.

Europe to grow at the highest CAGR in the space mining market during the forecast period

One of the pioneers in space agencies is the European Space Agency (ESA). ESA's mission is to shape the development of Europe's space capability and ensure that investments in space continue to deliver benefits to citizens across the world. Luxembourg is the first European country to have a legal framework for the extraction of space-based resources. Luxembourg, under the SpaceResources.lu initiative, provides legal, regulatory, and business environment, enabling private investors and companies to explore and use space resources.

Key Topics Covered:

1 Introduction

2 Research Methodology

3 Executive Summary

4 Premium Insights

5 Market Overview

6 Space Mining Market, By Phase

7 Space Mining Market, By Type of Asteroid

8 Different Types of Commodity Resources Available in Space

9 Categorization of Asteroids Based on Their Distance From Earth

10 Applications of Space Mining

11 Space and On-Earth Utilization of Space-Mined Materials

12 Geographic Analysis of Space Mining Market

13 Competitive Landscape

14 Company Profiles

  • Asteroid Mining Corporation
  • China National Space Administration
  • Deep Space Industries (DSI)
  • ESA
  • Ispace
  • Jaxa
  • Kleos Space
  • Moon Express
  • NASA
  • Offworld
  • Planetary Resources
  • Russian Federal Space Agency (Roscosmos)
  • Shackleton Energy Company (SEC)
  • Space Agencies/Other Key Players
  • SpacefabUs
  • Transastra

For more information about this report visit https://www.researchandmarkets.com/research/z4sdj9/space_mining?w=4