Global Asteroid Mining Market Growth, Share, Size, Trends and Forecast (2025 - 2031)

By Phase Type;

Spacecraft Design, Launch, and Operation.

By Asteroid Type;

Type C, Type S, Type M, and Others.

By Application;

Construction, Resource Harvesting, 3D Printing, and Others.

By Geography;

North America, Europe, Asia Pacific, Middle East and Africa, and Latin America - Report Timeline (2021 - 2031).
Report ID: Rn123907968 Published Date: January, 2025 Updated Date: February, 2025

Introduction

Global Asteroid Mining Market (USD Million), 2021 - 2031

In the year 2024, the Global Asteroid Mining Market was valued at USD 1,617.20 million. The size of this market is expected to increase to USD 7,540.34 million by the year 2031, while growing at a Compounded Annual Growth Rate (CAGR) of 24.6%.

Asteroids mining is referred to as the exploitation of raw materials from asteroids and other minor planets, which also includes near-earth objects. Minerals can be mined from an asteroid or spent comet and then used in space for construction material or can be taken back to earth. These resources or raw materials include gold, iridium, silver, osmium, palladium, platinum, nickel, and aluminum. According to NASA, the minerals that lie in the belt of asteroids between Mars and Jupiter hold wealth equivalent to a staggering US $100 million for every person on earth. There is an increase in demand for planets limited resources with growth in the worlds population. This has led to several governments and private enterprises to set their sights in outer space for various resources which is expected to drive the global asteroid mining market.

Ongoing and impending space mining missions, increasing investments of private stakeholders in space mining companies, and adopting 3D printing technology in asteroid mining are the factors expected to drive the growth of the asteroid mining market. However, the high cost associated with the mining techniques and regulations regarding proprietary rights act as a major barrier and hampers the asteroid mining market growth. In addition, various risks associated with asteroids mining also hamper the market growth. Furthermore, factors such as rise in number of government initiatives to frame regulations with respect to asteroid mining and adoption of In-Situ Resource Utilization (ISRU) practice in space exploration are expected to offer lucrative opportunities for the market.

The global asteroid mining market is analyzed by phase, asteroid type, application, and region. Based on phase, the market is divided into spacecraft design, launch, and operation. By asteroid type, the market is classified into Type C, Type S, Type M, and others. Based on application, the market is categorized into construction, resource harvesting, 3D printing, and others. Based on region, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

  1. Introduction
    1. Research Objectives and Assumptions
    2. Research Methodology
    3. Abbreviations
  2. Market Definition & Study Scope
  3. Executive Summary
    1. Market Snapshot, By Phase Type
    2. Market Snapshot, By Asteroid Type
    3. Market Snapshot, By Application
    4. Market Snapshot, By Region
  4. Global Asteroid Mining Market Dynamics
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. Technological Advancements in Space Exploration

        2. Scarcity of Terrestrial Resources

        3. Economic Viability and High Return on Investment

      2. Restraints
        1. Legal and Regulatory Issues

        2. Market Demand and Viability

        3. Technological Challenges

      3. Opportunities
        1. Job Creation and Economic Growth

        2. In-Situ Resource Utilization (ISRU)

        3. Market Expansion for Space Services

    2. PEST Analysis
      1. Political Analysis
      2. Economic Analysis
      3. Social Analysis
      4. Technological Analysis
    3. Porter's Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of Substitutes
      4. Threat of New Entrants
      5. Competitive Rivalry
  5. Market Segmentation
    1. Global Asteroid Mining Market, By Phase Type, 2021 - 2031 (USD Million)
      1. Spacecraft Design
      2. Launch
      3. Operation
    2. Global Asteroid Mining Market, By Asteroid Type, 2021 - 2031 (USD Million)
      1. Type C
      2. Type S
      3. Type M
      4. Others
    3. Global Asteroid Mining Market, By Application, 2021 - 2031 (USD Million)
      1. Construction
      2. Resource Harvesting
      3. 3D Printing
      4. Others
    4. Global Asteroid Mining Market, By Geography, 2021 - 2031 (USD Million)
      1. North America
        1. United States
        2. Canada
      2. Europe
        1. Germany
        2. United Kingdom
        3. France
        4. Italy
        5. Spain
        6. Nordic
        7. Benelux
        8. Rest of Europe
      3. Asia Pacific
        1. Japan
        2. China
        3. India
        4. Australia & New Zealand
        5. South Korea
        6. ASEAN (Association of South East Asian Countries)
        7. Rest of Asia Pacific
      4. Middle East & Africa
        1. GCC
        2. Israel
        3. South Africa
        4. Rest of Middle East & Africa
      5. Latin America
        1. Brazil
        2. Mexico
        3. Argentina
        4. Rest of Latin America
  6. Competitive Landscape
    1. Company Profiles
      1. Asteroid Mining Corporation Limited

      2. Bradford Space Inc.

      3. iSpace Inc.

      4. Kleos Space SA

      5. Moon Express Inc.

      6. Planetary Resources Inc.

      7. SpaceFab US Inc.

      8. OffWorld Inc.

      9. Virgin Galactic Holdings Inc.

      10. Sierra Nevada Corporation

      11. Trans Astronautica Corporation

      12. Deltion Innovations Ltd.

      13. The Boeing Company

      14. The Indian Space Research Organisation

      15. Northrop Grumman Corporation

  7. Analyst Views
  8. Future Outlook of the Market