- Space mining focuses on extracting valuable resources such as water, platinum, and essential structural materials from asteroids, the moon, and beyond. This industry is vital for space infrastructure, exploration, and tackling Earth's resource challenges
- The market thrives as earth-based mining limitations become evident, attracting private investments and government support for space resource extraction. ISRU adoption and autonomous mining advancements drive industry expansion and sustainability
- North America dominated the space mining market with a revenue share of over 80.5% in 2024, driven by significant investments from NASA, private companies such as SpaceX, and favorable regulatory policies
- Asia-Pacific is expected to be the fastest growing region in the space mining market during the forecast period fueled by increasing space exploration programs in China, Japan, and India, along with cost reductions in space launches
- Type C segment dominated the market in 2024 with the largest revenue of 75.5% due to increasing investment due to its abundant volatile compounds like water, ammonia, and other carbon-based materials
Frequently Asked Questions
The market is segmented based on Segmentation, By 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) – Industry Trends and Forecast to 2032
.
The Global Space Mining Market size was valued at USD 1.99 USD Billion in 2024.
The Global Space Mining Market is projected to grow at a CAGR of 20.48% during the forecast period of 2025 to 2032.
The major players operating in the market include Asteroid Mining Corporation Limited , Bradford Space , iSpace , Kleos Space , Planetary Resources , Moon Express , Boeing. , ISRO , Airbus S.A.S. , Trans Astronautica Corporation. , NASA , OffWorld. , Virgin Galactic , Shackleton Energy Company , SpaceFab.USInc. , Northrop Grumman Corporation. , Deep Space Industries , Shackleton Energy Company , SPACE EXPLORATION TECHNOLOGIES CORP. , Japan Aerospace Exploration Agency .
The market report covers data from the North America.
