WHAT IS SPACE MINING MARKET?

According to Data Bridge Market Research, the space mining market had a value of USD 1,141.62 million in 2021 and is projected to grow to USD 5,068.06 million by 2029 at a CAGR of 20.48%. The market reports created by Data Bridge Market Research include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis, and deficit analysis of supply chain and demand in addition to insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players.

Space Mining Market survey report has been formulated with the scrupulous efforts of an innovative, enthusiastic, knowledgeable and experienced team of analysts, researchers, industry experts, and forecasters. Market-related variables incorporated in this business research report such as current market trends, market division, new market section, industry anticipation, future bearings, opportunity analysis, key examination and arranging, target market, experiences and advancement in technology assist the organization to grow and expand in the current market scenario. For the clear and better understanding of facts and figures, the data is represented in the form of graphs and charts throughout Space Mining Market document.

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Market Definition

Space mining is the procedure of excavating minerals and materials from near-earth and asteroid objects. The purpose of space mining is similar to exploitation, earth mining, and excavation of precious minerals and materials. The major difference for both is the cost involved which is very costly for space mining, but owing to the rapid drop in resources becoming progressively scarce on Earth. Space mining could be the only feasible option for excavating materials and minerals.

COVID-19 Impact on Space Mining Market

The outbreak of COVID-19 has slightly affected the space mining market. Despite minor setbacks in the manufacturing industry, most space mining-related programs are on track because the market is gradually progressing toward commercializing space mining activities. Space mining demand was hampered due to economic instability, poor consumer confidence, and a partial corporate shutdown. As a result of this pandemic, logistics activities were delayed, and the supply chain was hindered. However, due to the uplifting of regulations, the space mining sector is expected to pick up its speed in the post-pandemic scenario.

Expected Impact of Economic Slowdown on the Pricing and Availability of Products

When economic activity slows, industries begin to suffer. The forecasted effects of the economic downturn on the pricing and accessibility of the products are taken into account in the market insight reports and intelligence services provided by DBMR. With this, our clients can typically keep one step ahead of their competitors, project their sales and revenue, and estimate their profit and loss expenditures.

Recent Developments

  • In October 2021, Airbus Ventures announced that the company extended its portfolio with an investment in space Inc. This is also a part of an extension of the lunar exploration company's Series C investment round.
  • In August 2021, NASA announced that it had given a 10-cent check to mine the moon to space startup Lunar Outpost in the first-ever payment to a company. This check, which was just 10% of Lunar Outpost's USD 1 bid, will go to the company's efforts to collect regolith or lunar dust for the agency.
  • In April 2021, TransAstra declared that it received two contracts for Sun FlowerSolar Power Tower operations and Radiant Gas Dynamic (R.G.D.) Ice Mining from the NASA Small Business Innovation Research (SBIR) program at the Lunar base of operations.

SPACE MINING MARKET SEGMENTATION-

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

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KEY POINTERS COVERED IN GLOBAL SPACE MINING MARKET INDUSTRY TRENDS AND FORECAST TO 2029

  • Market Size
  • Top to Bottom Market Analysis
  • Recent Developments for Market Competitors
  • Recent Market Value for Different Countries
  • Market value and over view of Surface analysis market
  • Company profiling of top eight players of Space Mining Market

KEY MARKET COMPETITORS COVERED IN THE REPORT

  • VANS Gypsum; Asteroid Mining Corporation Limited (U.K.)
  • Bradford Space (U.S.)
  • iSpace (Japan)
  • Kleos Space (Luxembourg)
  • Planetary Resources (U.S.)
  • Moon Express (U.S.)
  • Boeing. (U.S.)
  • ISRO (India)
  • Airbus S.A.S. (Netherlands)
  • Trans Astronautica Corporation. (U.S.)
  • NASA (U.S.)
  • OffWorld. (U.S.)
  • Virgin Galactic (U.S.)
  • Shackleton Energy Company (U.S.)
  • SpaceFab.US, Inc. (U.S.)
  • Northrop Grumman Corporation. (U.S.)
  • Deep Space Industries (U.S.)
  • Shackleton Energy Company (U.S.)
  • SPACE EXPLORATION TECHNOLOGIES CORP. (U.S.)
  • Japan Aerospace Exploration Agency (Japan)

BASIC QUESTIONS ASKED

  • Which companies dominate the Space Mining Market globally?
  • What factors might prevent the worldwide market from growing throughout the expected time period?
  • Which geographic market offers the most enticing growth opportunities for companies that operate in this sector?
  • Which are the factors driving the Space Mining Market during the forecast period?
  • What is the expected market value of the Space Mining Market during the forecast period?

SPACE MINING MARKET COUNTRY LEVEL ANALYSIS

  • The countries covered in the Space Mining Market report are
  • U.S.
  •  Canada
  •  and Mexico in North America
  •  Germany
  •  France
  •  U.K.
  •  Netherlands
  •  Switzerland
  •  Belgium
  •  Russia
  •  Italy
  •  Spain
  •  Turkey
  •  Rest of Europe in Europe
  •  China
  •  Japan
  •  India
  •  South Korea
  •  Singapore
  •  Malaysia
  •  Australia
  •  Thailand
  •  Indonesia
  •  Philippines
  •  Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC)
  •  Saudi Arabia
  •  U.A.E
  •  South Africa
  •  Egypt
  •  Israel

MAJOR TOC OF THE REPORT

  • Introduction
  • Market Segmentation
  • Executive Summary
  • Premium Insight
  • Market Overview
  • Covid-19 Impact on Tracheostomy Products in Healthcare Industry
  • Space Mining Market, by Product Type
  • Space Mining Market, by Modality
  • Space Mining Market, by Type
  • Space Mining Market, by Mode
  • Space Mining Market, by End User
  • Space Mining Market, by Geography
  • Space Mining Market, Company Landscape
  • Swot Analysis
  • Company Profiles
  • Related Reports

Get TOC Details- https://www.databridgemarketresearch.com/toc/?dbmr=global-space-mining-market

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