Mining activities have become a significant part of science and human civilization development. These activities have been performed since civilization started to fulfill humans' requirements. Space mining activities are increasing due to rapid scientific and technological development. The space mining sector has a lot of potential in the coming years. Thus scientist thinks that space mining is very viable. Therefore, government space agencies and several private companies are evolving plans to recover natural resources from space.
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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 2031.
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The Global Space Mining Market size was valued at USD 1.65 USD Billion in 2023.
The Global Space Mining Market is projected to grow at a CAGR of 20.48% during the forecast period of 2024 to 2031.
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.US , Northrop Grumman Corporation , Deep Space Industries , SPACE EXPLORATION TECHNOLOGIES CORP. , Japan Aerospace Exploration Agency ,.
The market report covers data from the 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, Rest of Middle East and Africa (M.E.A.) as a part of Middle East and Africa (M.E.A.), Brazil, Argentina and Rest of South America as part of South America.
