Global Space Mining Market To Power Vigorously And Reach USD 3.2 Billion By 2025

05-Oct-2020 | Zion Market Research

As per Zion Market Research, the global market for space mining is predicted to reach USD 3.2 billion by 2025 from USD 0.54 billion in 2019, with a CAGR of almost 25%. The development of the global market can be credited to the impending and ongoing space mining missions, rising spending by private stakeholders in asteroid mining firms, and increasing initiatives by government to frame laws regarding asteroid mining.

Major space agencies and firms in the space mining market comprise China National Space Administration; Deep Space Industries; Moon Express; Planetary Resources; Asteroid Mining Corporation; ispace; Kleos Space; Shackleton Energy Company; OffWorld; TransAstra; National Aeronautics and Space Administration; SpaceFab.US; Japan Aerospace Exploration Agency; European Space Agency; and Russian Federal Space Agency.

Global Space Mining Market

C-Type Asteroids Predicted To Have The Biggest Share Of The Global Market For Space Mining In The Years To Come

C-type asteroids are predicted to have the biggest share of the global market for space mining in the years to come. Many missions have been aimed toward these kinds of asteroids; this is majorly due to the fact that these asteroids have ice water, which can be used and mined for rocket propellant. Transporting water to space from Earth elevates the general weight of the spacecraft, which eventually elevates the entire launching price. Asteroid having water can be identified with different techs, and this water can be transferred into liquid oxygen and liquid hydrogen; in this kind, it is the most influential chemical rocket fuel.

The US Predicted To Develop At The Max CAGR In The Market For Space Mining In The Near Future

The US is predicted to develop at the max CAGR in the market for space mining in the near future. This is majorly owing to the upcoming mining and space exploration missions by private players and NASA in this nation, rising spending by private companies in asteroid mining firms, and increasing number of initiatives by government to power space exploration missions. The US government follows space activities in a number of regions. The US government upgraded US commercial space rules with the passage of the 2015 Commercial Space Launch Competitiveness Act (also known as SPACE [Spurring Private Aerospace Competitiveness and Entrepreneurship] Act) in November 2015. This law openly lets citizens of US to engage in commercial exploitation and exploration of space resources, such as minerals and water. The SPACE law was based on the presented Asteroids Act in 2014, which stresses on the space resources’ commercialization.

Browse the full “Space Mining Market Crop Phase (Spacecraft Design, Launch, And Operation), Type of Asteroid (Type C, Type S, and Type M), and Type of Commodity Resource (Water, Platinum Group Material and Structural Elements): Global Industry Perspective, Comprehensive Analysis and Forecast, 2020 – 2026.” Report at

The global space mining market is segmented as follows:

By Phase

  • Spacecraft Design
  • Launch
  • Operation

By Type of Asteroid

  • Type C
  • Type S
  • Type M

By Applications

  • Extraterrestrial Commodity
  • Construction
  • Human Life Sustainability
  • Fuel
  • 3D Printing

By Region

  • North America
    • The U.S.
    • Canada
  • Europe
    • France
    • The UK
    • Spain
    • Germany
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Southeast Asia
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC
    • South Africa
    • Rest of Middle East & Africa

About Us:

Zion Market Research is an obligated company. We create futuristic, cutting-edge, informative reports ranging from industry reports, the company reports to country reports. We provide our clients not only with market statistics unveiled by avowed private publishers and public organizations but also with vogue and newest industry reports along with pre-eminent and niche company profiles. Our database of market research reports comprises a wide variety of reports from cardinal industries. Our database is been updated constantly in order to fulfill our clients with prompt and direct online access to our database. Keeping in mind the client’s needs, we have included expert insights on global industries, products, and market trends in this database. Last but not the least, we make it our duty to ensure the success of clients connected to us—after all—if you do well, a little of the light shines on us.

Contact Us:

Zion Market Research
244 Fifth Avenue, Suite N202
New York, 10001, United States
Tel: +49-322 210 92714
USA/Canada Toll-Free No.1-855-465-4651

Office Address

Contact Us

Zion Market Research
Tel: +1 (302) 444-0166
USA/Canada Toll Free No.+1 (855) 465-4651

Asia Pacific Office

3rd Floor, Mrunal Paradise, Opp Maharaja Hotel, Pimple Gurav, Pune 411061, Maharashtra, India
Phone No +91 7768 006 007, +91 7768 006 008

Contact #

US OFFICE NO +1 (302) 444-0166
US/CAN TOLL FREE +1 (855) 465-4651

We Are On Social

Industry Press Release

We Accept

We have secured system to process your transaction.

  • payment methods

Business Hours

Our support available to help you 24 hours a day, five days a week.

Monday - Friday: 9AM - 6PM

Saturday - Sunday: Closed