$2.8 Bn Space Mining Market by Phase, Type of Asteroid, Application, Asteroid Distance, Commodity Resources, and Geography - Global Forecast to 2025
DUBLIN, Oct. 24, 2018 /PRNewswire/ --
The "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 has been added to ResearchAndMarkets.com's offering.
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 space mining 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.
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.
Key Topics Covered:
1 Introduction
2 Research Methodology
3 Executive Summary
4 Premium Insights
4.1 Space Mining Market, 2018-2025
4.2 Space Mining Market, By Type of Asteroid
4.3 Space Mining Market for Spacecraft Design Phase, By Component
4.4 Space Mining Market: Geographic Snapshot for 2025
5 Market Overview
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
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
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
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
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
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
11.1 Introduction
11.2 Earth
11.3 Space
12 Geographic Analysis of Space Mining Market
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
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
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)
For more information about this report visit https://www.researchandmarkets.com/research/nng6j6/2_8_bn_space?w=5
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