Space Mining Market

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 Code: SE 6689 Oct, 2018, by marketsandmarkets.com

[113 Pages Report] The space mining market was valued at USD 0.49 billion in 2017 and is expected to reach USD 2.84 billion by 2025, at a CAGR of 23.6% during the forecast period. The base year considered for the study is 2017, and the forecast period considered is from 2018 to 2025. The objective of the report is to provide a detailed analysis of the market based on phase, type of asteroid, and region. The report also includes qualitative information on different types of commodity resources available in space, categorization of asteroids based on their distance from earth, applications of space mining, and space and on-earth utilization of space-mined materials. The report forecasts the market, in terms of value, for various segments with regard to geographies, namely,  the US, Europe, and Japan. It strategically profiles the key players and comprehensively analyzes their ranking and core competencies in the market, along with detailing the competitive landscape for these market leaders.

The research methodology used to estimate and forecast the space mining market begins with capturing data of various missions to asteroids and analyzing the mission cost for various phases in which the market has been derived. Secondary sources used for this research study include government sources (such as space agency, annual presentations, investor presentations, financial statements, journals, industry news), associations (B612 foundation, JPL (NASA), asterank). After arriving at the overall market size, the total market has been split into several segments and subsegments, which have been verified through primary research by conducting extensive interviews with various experts, such as CEOs, VPs, directors, and executives. The data triangulation and market breakdown procedures have been employed to complete the overall market engineering process and arrive at the exact statistics for all segments and subsegments. The breakdown of the profiles of primary respondents has been depicted in the below figure.

Space Mining Market

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Major players and space agencies in the space mining market include Deep Space Industries (US); Planetary Resources (US); Moon Express (US); ispace (Japan); Asteroid Mining Corporation (UK); Shackleton Energy Company (SEC, US); Kleos Space (Luxembourg); TransAstra (US); OffWorld (US); SpaceFab.US (US); National Aeronautics and Space Administration (NASA, US); European Space Agency (ESA, France); Japan Aerospace Exploration Agency (JAXA, Japan); China National Space Administration (CNSA, China); and Russian Federal Space Agency (ROSCOSMOS, Russia).

Key Target Audience

  • Raw material vendors
  • Component and hardware providers
  • Original equipment manufacturers (OEMs)
  • Space mining companies
  • Space agencies
  • Technology standards organizations, forums, alliances, and associations
  • Governments, financial institutions, and investment communities
  • Research organizations
  • Analysts and strategic business planners
  • Venture capitalists, private equity firms, and startup companies
  • Distributors

“This study answers several questions for stakeholders, primarily the market segments to focus on in the next 2–5 years for prioritizing efforts and investments.”

Scope of the Report

This report categorizes the space mining market on the basis of phase, type of asteroids, and geography.

Space Mining Market, by Phase

  • Spacecraft Design
  • Launch
  • Operation

Space Mining Market, by Type of Asteroid

  • Type C
  • Type S
  • Type M

Space Mining Market, by Region

  • US
  • Europe
  • Japan

The report also provides qualitative information on:

Different Types of Commodity Resources Available in Space

  • Water
  • Platinum Group Materials
  • Structural Elements

Categorization of Asteroids Based on Their Distance from Earth

  • Near-Earth Asteroids (NEAs)
  • Asteroid Belt Distance Ranges from Earth

Applications of Space Mining

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

Space and On-Earth Utilization of Space-Mined Materials

  • Earth
  • Space

Available Customizations

With the given market data, MarketsandMarkets offers customizations according to the company’s specific needs. The following customization options are available.

Company Information

Detailed analysis and profiling of additional market players (up to 5)

The space mining market is estimated to grow from USD 0.65 billion in 2018 to USD 2.84 billion by 2025, at a CAGR of 23.6%. The growth of this market can be attributed to the ongoing and impending space mining missions, increasing investments by private stakeholders in asteroid mining companies, and rising government initiatives to frame regulations with respect to asteroid mining.

This report segments the space mining market on the basis of phase, type of asteroid, and geography. Additionally, qualitative information regarding different types of commodity resources available in space, categorization of asteroids based on their distance from earth, applications of space mining, and space and on-earth utilization of space-mined materials has been provided in this report. Based on phase, the market has been segmented into spacecraft design, launch, and operation. The spacecraft design segment is expected to hold the largest market share during the forecast period. A spacecraft is a vehicle machine designed to fly in outer space. It is used for various purposes, such as communications, earth observation, meteorology, navigation, space colonization, planetary exploration, and transportation of humans and cargo. Depending on the mission type, the overall spacecraft is designed, consisting of various devices, such as instruments (such as radiometers, spectrometers, thermal emission and reflection systems, cameras, magnetometers, and multispectral scanners), altitude control systems, and electric power systems. The design of the spacecraft has vital importance as the spacecraft has to sustain in critical or extreme conditions in space, such as microgravity.

C-type asteroids are expected to hold the largest share of the space mining market during 2018–2025. Many missions have been targeted toward C-type asteroids; this is mainly because these asteroids contain ice water, which can be mined and used as rocket propellant. Carrying water from Earth to space increases the overall weight of the spacecraft, which ultimately increases the overall launching cost. Asteroid containing water can be detected with various technologies, and this water can be converted into liquid hydrogen and liquid oxygen; in this form, it is the most powerful chemical rocket propellant.

Space Mining Market

The US is expected to grow at the highest CAGR in the space mining market during the forecast period. This is mainly due to the upcoming space exploration and mining missions by NASA and private players in this country, such as Deep Space Industries and Planetary Resources, increasing investments by private players in asteroid mining companies, and growing number of government initiatives to boost space exploration activities. The US government pursues space activities in a number of areas. The US government updated US commercial space legislation with the passage of the Spurring Private Aerospace Competitiveness and Entrepreneurship (SPACE) Act of 2015 (also known as Commercial Space Launch Competitiveness Act) in November 2015. This law explicitly allows US citizens to engage in commercial exploration and exploitation of space resources, such as water and minerals. The SPACE law was based on the proposed Asteroids Act in 2014, which emphasizes on the commercialization of space resources.

Major players and space agencies in the space mining market include Deep Space Industries (US); Planetary Resources (US); Moon Express (US); ispace (Japan); Asteroid Mining Corporation (UK); Shackleton Energy Company (SEC, US); Kleos Space (Luxembourg); TransAstra (US); OffWorld (US); SpaceFab.US (US); National Aeronautics and Space Administration (NASA, US); European Space Agency (ESA, France); Japan Aerospace Exploration Agency (JAXA, Japan); China National Space Administration (CNSA, China); Russian Federal Space Agency (ROSCOSMOS, Russia).

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Table of Contents

1 Introduction (Page No. - 13)
    1.1 Study Objectives
    1.2 Definition
    1.3 Study Scope
           1.3.1 Markets Covered
    1.4 Years Considered
    1.5 Currency
    1.6 Stakeholders

2 Research Methodology (Page No. - 16)
    2.1 Research Data
           2.1.1 Secondary Data
                    2.1.1.1 Data From Secondary Sources
           2.1.2 Primary Data
                    2.1.2.1 Breakdown of Primaries
                    2.1.2.2 Key Data From Primary Sources
                    2.1.2.3 Key Industry Insights
    2.2 Market Size Estimation
           2.2.1 Bottom-Up Approach
                    2.2.1.1 Approach for Capturing Market Size By Bottom-Up Analysis (Demand Side)
           2.2.2 Top-Down Approach
                    2.2.2.1 Approach for Capturing Market Size By Top-Down Analysis (Supply Side)
    2.3 Market Breakdown and Data Triangulation
    2.4 Research Assumptions

3 Executive Summary (Page No. - 25)

4 Premium Insights (Page No. - 28)
    4.1 Space Mining Market, 2018–2025
    4.2 Market, By Type of Asteroid
    4.3 Market for Spacecraft Design Phase, By Component
    4.4 Space Mining Market: Geographic Snapshot for 2025

5 Market Overview (Page No. - 30)
    5.1 Introduction
    5.2 Market Dynamics
           5.2.1 Drivers
                    5.2.1.1 Ongoing and Impending Space Mining Missions
                    5.2.1.2 Increasing Investments and Government Initiatives to Frame Regulations With Respect to Asteroid Mining
           5.2.2 Restraints
                    5.2.2.1 High Costs Associated With Asteroid Mining and Prospecting Missions
           5.2.3 Opportunities
                    5.2.3.1 Government Initiatives Resulting in Growing Number of Start-Ups
                    5.2.3.2 Easily Accessibility to Neas
                    5.2.3.3 Adoption of In-Situ Resource Utilization (ISRU) Practice in Space Exploration
           5.2.4 Challenges
                    5.2.4.1 Landing A Spacecraft on Asteroids Proves to Be Challenging
                    5.2.4.2 Space Mining Activities Creating Huge Environmental Risks That Affect Space and Earth

6 Space Mining Market, By Phase (Page No. - 36)
    6.1 Introduction
    6.2 Spacecraft Design
           6.2.1 Instruments
           6.2.2 Altitude Control System
           6.2.3 Electric Power System
           6.2.4 Others
    6.3 Launch
    6.4 Operation

7 Space Mining Market, By Type of Asteroid (Page No. - 46)
    7.1 Introduction
    7.2 Type C
    7.3 Type S
    7.4 Type M
    7.5 Asteroid Mining Process Flow
           7.5.1 Prospecting
           7.5.2 Techniques to Determine Characteristics of an Asteroid
                    7.5.2.1 Spectrophotometry
                    7.5.2.2 Radiometry
                    7.5.2.3 Spectro-Polarimetry
                    7.5.2.4 Hyperspectral Imaging
                    7.5.2.5 Thermal Modeling
                    7.5.2.6 Ground Tracking
           7.5.3 Mining, Extraction, and Processing
           7.5.4 Storage

8 Different Types of Commodity Resources Available in Space (Page No. - 58)
    8.1 Introduction
    8.2 Water
           8.2.1 Liquid Oxygen and Liquid Hydrogen
    8.3 Platinum Group Metals
    8.4 Structural Elements

9 Categorization of Asteroids Based on Their Distance From Earth (Page No. - 61)
    9.1 Introduction
    9.2 Near-Earth Asteroids
           9.2.1 Amor Asteroids
           9.2.2 Apollo Asteroids
           9.2.3 Aten Asteroids
    9.3 Asteroid Belt Distance Ranges From Earth
           9.3.1 0.7–0.99 Au
           9.3.2 1.0–1.99 Au
           9.3.3 2.0–2.49 Au
           9.3.4 2.50–2.99 Au
           9.3.5 Greater Than 3 Au

10 Applications of Space Mining (Page No. - 64)
     10.1 Introduction
     10.2 Extraterrestrial Commodity
     10.3 Construction
     10.4 Human Life Sustainability
     10.5 Fuel
     10.6 3d Printing

11 Space and On-Earth Utilization of Space-Mined Materials (Page No. - 66)
     11.1 Introduction
     11.2 Earth
     11.3 Space

12 Geographic Analysis of Space Mining Market (Page No. - 68)
     12.1 Introduction
     12.2 North America
             12.2.1 Us
             12.2.2 Canada
     12.3 Europe & Middle East
             12.3.1 Luxembourg
             12.3.2 Russia
             12.3.3 Germany
             12.3.4 Uk
             12.3.5 Israel
     12.4 APAC
             12.4.1 Japan
             12.4.2 China
             12.4.3 India

13 Competitive Landscape (Page No. - 76)
     13.1 Overview
     13.2 Ranking Analysis of Market Players
             13.2.1 Funding Activities
             13.2.2 Product Launches
             13.2.3 Agreements, Partnerships, and Contracts
             13.2.4 Expansions

14 Company Profiles (Page No. - 80)
(Business Overview, Product Portfolio, Objectives, Recent Developments, and MnM View)*
     14.1 Key Players
             14.1.1 Deep Space Industries (DSI)
             14.1.2 Planetary Resources
             14.1.3 Moon Express
             14.1.4 Ispace
             14.1.5 Asteroid Mining Corporation
             14.1.6 Shackleton Energy Company (SEC)
             14.1.7 Kleos Space
             14.1.8 Transastra
             14.1.9 Offworld
             14.1.10 Spacefab.Us
     14.2 Space Agencies/Other Key Players
             14.2.1 Nasa
             14.2.2 ESA
             14.2.3 Jaxa
             14.2.4 China National Space Administration
             14.2.5 Russian Federal Space Agency (Roscosmos)

*Details on Business Overview, Product Portfolio, Objectives, Recent Developments, and MnM View Might Not Be Captured in Case of Unlisted Companies.

15 Appendix (Page No. - 108)
     15.1 Discussion Guide
     15.1 Knowledge Store: Marketsandmarkets’ Subscription Portal
     15.2 Available Customizations
     15.3 Related Reports
     15.4 Author Details


List of Tables (27 Tables)

Table 1 List of Asteroid Prospecting and Sample-Return Missions
Table 2 Collaborations of Government Agencies With Private Players
Table 3 Space Mining Market, By Phase, 2016–2025 (USD Million)
Table 4 Market for Osiris-Rex Mission, By Phase, 2015–2021 (USD Million)
Table 5 Market for Lucy Mission, By Phase,2018–2024 (USD Million)
Table 6 Market for Psyche Mission, By Phase, 2019–2024 (USD Million)
Table 7 Market for Hera Mission, By Phase, 2020–2024 (USD Million)
Table 8 Market for Dart Mission, By Phase, 2017–2024 (USD Million)
Table 9 Market for Destiny+ Mission, By Phase, 2019–2024 (USD Million)
Table 10 Market for Spacecraft Design Phase, By Component, 2016–2025 (USD Million)
Table 11 Market for Spacecraft Design Phase, By Region, 2016–2025 (USD Million)
Table 12 Market for Spacecraft Design Phase, By Type of Asteroid, 2016–2025 (USD Million)
Table 13 Market for Launch Phase, By Region,2016–2025 (USD Million)
Table 14 Market for Launch Phase, By Type of Asteroid, 2016–2025 (USD Million)
Table 15 Market for Operation Phase, By Region, 2016–2025 (USD Million)
Table 16 Market for Operation Phase, By Type of Asteroid, 2016–2025 (USD Million)
Table 17 Space Mining Market, By Type of Asteroid, 2016–2025 (USD Million)
Table 18 List of Nearest Cost Effective Asteroids
Table 19 List of Valuable Asteroids
Table 20 List of Smallest Asteroid
Table 21 Different Missions to Asteroids
Table 22 Space Mining Market, By Geography, 2016–2025 (USD Million)
Table 23 Market Player Ranking, 2017
Table 24 Funding Activities, 2016–2018
Table 25 Product Launches, 2015–2018
Table 26 Agreements, Collaborations, Partnerships, and Contracts, 2015–2017
Table 27 Expansions, 2016–2017


List of Figures (45 Figures)

Figure 1 Space Mining Market Segmentation
Figure 2 Space Mining Market: Process Flow of Market Size Estimation
Figure 3 Space Mining Market: Research Design
Figure 4 Bottom-Up Approach to Arrive at Market Size
Figure 5 Top-Down Approach to Arrive at Market Size
Figure 6 Data Triangulation
Figure 7 Assumptions for Research Study
Figure 8 Spacecraft Design Phase to Account for Largest Size of market, Based on Phase, By 2025
Figure 9 C-Type Asteroids to Account for Largest Market Size By 2025
Figure 10 US to Account for Largest Share of market By 2025
Figure 11 Growth Opportunities in market From 2018 to 2025
Figure 12 C-Type Asteroids to Dominate market During Forecast Period
Figure 13 Market for Instruments Expected to Dominate market for Spacecraft Design Phase From 2018 to 2025
Figure 14 US Expected to Dominate market During Forecast Period
Figure 15 Ongoing and Impeding Space Mining Missions to Drive Space Mining Market Growth
Figure 16 Spacecraft Design Phase to Dominate Space Mining Market
Figure 17 Instruments Segment to Lead Space Mining Market for Spacecraft Design Phase During Forecast Period
Figure 18 Types of Asteroids
Figure 19 C-Type of Asteroids to Dominate market
Figure 20 C-Type Asteroids Hold Largest Share of Known Asteroids as of 2017
Figure 21 Processing of Asteroids for ISRU
Figure 22 Types of Commodity Resources for Space Mining
Figure 23 Water Extraction Process From Asteroids
Figure 24 Types of Near-Earth Asteroids
Figure 25 Asteroid Belts Lie at Distance Between 2.0 and 2.49 Au From Earth Hold Largest Share
Figure 26 Asteroid Mining Flow Diagram
Figure 27 Total Number of Near-Earth Asteroids Discovered as of 2017
Figure 28 US to Account for Largest Size of market By 2025
Figure 29 Timeline: China Space Mining
Figure 30 Organic and Inorganic Strategies Adopted By Companies Operating in market
Figure 31 DSI: Activity Timeline
Figure 32 DSI: Funding Insights
Figure 33 Planetary Resources: Activity Timeline
Figure 34 Planetary Resources: Funding Insights
Figure 35 Moon Express: Activity Timeline
Figure 36 Moon Express: Funding Insights
Figure 37 Ispace: Activity Timeline
Figure 38 Ispace: Funding Authorities
Figure 39 Asteroid Mining Corporation: Funding Insights
Figure 40 SEC: Activity Timeline
Figure 41 SEC: Funding Insights
Figure 42 Kleos Space: Activity Timeline
Figure 43 Kleos Space: Funding Insights
Figure 44 Transastra: Funding Insights
Figure 45 Offworld: Mission Timeline


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Report Code
SE 6689
Published ON
Oct, 2018
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