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Space Mining Market Share

Report ID: GMI12821
Published Date: Dec 2024
Report Format: PDF

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Space Mining Market Share

The space mining industry is seeing rising competition as companies pursue asteroid resource opportunities. Key players include Bradford Space, Planetary Resources (ConsenSys), and Moon Express. Each company has distinct focus areas - Bradford Space in deep space systems, Planetary Resources in asteroid mining technology, and Moon Express in lunar resource extraction. Companies compete through innovations in spacecraft design and mining methods while focusing on reducing costs. The high capital requirements have led to increased partnerships and mergers as companies work to maintain market positions and develop new revenue streams.

Space Mining Market Companies

Major players operating in the space mining industry are:

Asteroid Mining Corporation
Astroforge
Astrobotic
Bradford Space
Ispace
Karman+
Moon Express
Offworld
Origin Space
Planetary Resources (ConsenSys)
Shackleton Energy
Spacefab
Transastra

Authors: Suraj Gujar , Deeksha Vishwakarma

Frequently Asked Questions (FAQ) :

The global market size for space mining was valued at USD 2 billion in 2024 and is projected to reach USD 17.9 billion by 2034, driven by a CAGR of 24.9% during the forecast period, supported by advancements in space exploration technologies and increasing private sector investments.

The spacecraft design segment accounted for over 45.5% of the market share in 2024 and is expected to grow significantly, driven by the adoption of smaller, cost-effective spacecraft and advancements in autonomous technologies.

The North America market is expected to surpass USD 14 billion by 2034, driven by strong government support, private sector participation, and favorable regulatory frameworks like the U.S. Commercial Space Launch Competitiveness Act of 2015.

Key players in the space mining industry include Asteroid Mining Corporation, AstroForge, Astrobotic, Bradford Space, Ispace, Karman+, Moon Express, Offworld, Origin Space, Planetary Resources (ConsenSys), Shackleton Energy, Spacefab, and Transastra.