Global Asteroid Mining Market Size, Trends, and Growth Opportunity, By Phase (Spacecraft Design, Launch, Operation), Asteroid Type (Type C, Type S, Type M, Others), Application (Construction, Resource Harvesting, 3D Printing, Others) By Region and forecast till 2027.
Global Asteroid Mining Market
Global Asteroid Mining Market was valued at USD 1.34 billion in 2021 and is slated to reach USD 4.75 billion by 2027 at a CAGR of 21.70% from 2022-2027.
Metals like aluminium, manganese, iron, silver, gold, rhodium, nickel, and cobalt are among the raw materials that are extracted from small asteroids and planets in space through the process of asteroid mining. It benefits the environment because minerals mined in space are used as building materials or rocket propellants. It is mostly done on asteroids to reduce the cost of transporting minerals into Earth's orbit. Furthermore, it enables large-scale platinum and water exploration for use in the growing economy.
Market Drivers
Asteroid mining demand is being positively influenced by the growing use of In-Situ Resource Utilization (ISRU) practise in space exploration, which facilitates the storage, collection, processing, and use of resources discovered on asteroids. During the forecast period, this practise is anticipated to drive the market growth rate for asteroid mining. Whether carrying a crew or not, the spacecraft is a vehicle made for space travel. These spacecraft serve a variety of functions, including navigation, communication, observation, and transportation. This design is important in asteroid mining missions. As a result, major corporations are investing in spacecraft design for advancement and asteroid mining missions, which are expected to drive the growth rate.
Market Restraints
The high costs associated with prospecting missions and asteroid mining are expected to stymie the growth of the asteroid mining market. Furthermore, issues with space mining activities and landing a spacecraft on asteroids are causing environmental issues that affect both the earth and space, which are expected to impede the growth of the asteroid mining market during the forecast period of 2022-2027.
Impact of COVID-19
COVID-19 is a global public health emergency that has affected almost every industry, and the long-term effects are expected to have an impact on the growth of various end-use industries during the forecast period. This ongoing research expands the research framework to include underlying COVID-19 issues and potential next steps. An extensive analysis of the effects of COVID-19 and the variant outbreaks that followed it on vendor uptake, demand, supply, price, and other factors is provided in the report's dedicated section, along with suggestions for long-term results. Insights, analysis, projections, and analysis are provided in the updated study regarding COVID-19's effect on the US asteroid mining market.
Recent Developments
Origin Space, a seed-stage Chinese private company developing and researching technology to enable space resource utilization, will launch in 2021. Using a spacecraft named NEO-1, this company successfully launched the first robot dedicated to mining space resources.
Airbus Ventures announced the investment in space Inc. in 2021, expanding the company's portfolio in space technologies. This was completed as part of the lunar exploration company's Series C expansion.
Market Segmentation
Global Asteroid Mining Market is segmented By Phase, Asteroid Type, and Application. By Phases such as Space-craft Design, Launch, and Operation. By Asteroid types such as Type C, Type S, Type M, and Others. By Applications such as Construction, Resource Harvesting, 3D Printing, and Others.
Regional Analysis
Global Asteroid Mining Market is segmented into five regions Americas, Europe, Asia-Pacific, and the Middle East & Africa. North America dominates the asteroid mining market in terms of revenue growth, owing to the expansion of the domestic commercial space mining industry, as well as the region's increasing adoption of novel and advanced technologies. Due to an increase in mining missions and space exploration by NASA in this region, Asia-Pacific is expected to be the fastest developing region during the forecast period of 2022-2027.
Key Players
This report includes a list of numerous Key Players, namely Asteroid Mining Corporation Limited (U.K.), Bradford Space (U.S.), iSpace (Japan), Kleos Space (Luxembourg), Boeing. (U.S.), ISRO (India), Shackleton Energy Company (U.S.), Northrop Grumman Corporation. (U.S.), Airbus S.A.S. (Netherlands), Trans Astronautica Corporation. (U.S.).
Market Taxonomy  
By Phase
• Space-Craft Design
• Launch
• Operation
By Asteroid Type
• Type C
• Type S
• Type M
• Others
By Application
• Construction
• Resource Harvesting
• 3D Printing
• Others
By Region
• North America Latin America
• Europe
• Asia Pacific
• Middle East & Africa.

Global Asteroid Mining Market 
1 Introduction 
1.1 Objective of the Study
1.2 Market definition
1.3 Market Scope
2 Research Methodology
2.1 Data Mining
2.2 Validation
2.3 Primary Interviews
2.4 List of Data Sources
3 Executive Summary
4 Global Asteroid Mining Market Outlook
4.1 Overview
4.2 Market Dynamics
4.2.1 Drivers
4.2.2 Restraints
4.2.3 Opportunities
4.2.4 Cumulative Impact due to recent Energy Crisis
4.2.5 Cumulative Impact due to nearing Economic Downturn
4.2.6 Post Covid-19 World Supply and Demand Conditions
4.2.7 Cumulative Impact of Russia-Ukraine Conflict
4.3 Porters Five Force Model
4.4 Value Chain Analysis
5 Global Asteroid Mining Market, By Phase
5.1 Y-o-Y Growth Comparison, By Phase
5.2 Global Asteroid Mining Market Share Analysis, By Phase
5.3 Global Asteroid Mining Market Size and Forecast, By Phase
5.3.1 Space-Craft Design
5.3.2 Launch
5.3.3 Operation
6 Global Asteroid Mining Market, By Asteroid Type
6.1 Y-o-Y Growth Comparison, By Asteroid Type 
6.2 Global Asteroid Mining Market Share Analysis, By Asteroid Type 
6.3 Global Asteroid Mining Market Size and Forecast, By Asteroid Type 
6.3.1 Type C
6.3.2 Type S
6.3.3 Type M
6.3.4 Others
7 Global Asteroid Mining Market, By Application
7.1 Y-o-Y Growth Comparison, By Application
7.2 Global Asteroid Mining Market Share Analysis, By Application
7.3 Global Asteroid Mining Market Size and Forecast, By Application
7.3.1 Construction
7.3.2 Resource Harvesting
7.3.3 3D Printing
7.3.4 Others
8 Global Asteroid Mining Market, By Region
8.1 Global Asteroid Mining Market Share Analysis, By Region
8.2 Global Asteroid Mining Market Share Analysis, By Region
8.3 Global Asteroid Mining Market Size and Forecast, By Region
9 North America Asteroid Mining Market Analysis and Forecast (2022-2027)
9.1 Introduction
9.2 North America Asteroid Mining Market Share Analysis, By Phase
9.3 North America Asteroid Mining Market Size and Forecast, By Application
9.4 North America Asteroid Mining Market Size and Forecast, By Asteroid Type
9.5 North America Asteroid Mining Market Size and Forecast, By Country
9.5.1 U.S.
9.5.2 Canada
9.5.3 Mexico
10EuropeAsteroid Mining Market Analysis and Forecast (2022-2027)
10.1 Introduction
10.2 Europe Asteroid Mining Market Share Analysis, By Phase
10.3 Europe Asteroid Mining Market Size and Forecast, By Application
10.4 Europe Asteroid Mining Market Size and Forecast, By Asteroid Type
10.5 Europe Asteroid Mining Market Size and Forecast, By Country
10.5.1 Germany
10.5.2 France
10.5.3 UK
10.5.4. Rest of Europe
11Asia Pacific Asteroid Mining Market Analysis and Forecast (2022-2027)
11.1 Introduction
11.2 Asia Pacific Asteroid Mining Market Share Analysis, By Phase
11.3 Asia Pacific Asteroid Mining Market Size and Forecast, By Application
11.4 Asia Pacific Asteroid Mining Market Size and Forecast, By Asteroid Type
11.5 Asia Pacific Asteroid Mining Market Size and Forecast, By Country
11.5.1 China 
11.5.2 Japan
11.5.3 India
11.5.4. Rest of Asia Pacific
12Latin America Asteroid Mining Market Analysis and Forecast (2022-2027)
12.1 Introduction
12.2 Latin America Asteroid Mining Market Share Analysis, By Phase
12.3 Latin America Asteroid Mining Market Size and Forecast, By Application
12.4 Latin America Asteroid Mining Market Size and Forecast, By Asteroid Type
12.5 Latin America Asteroid Mining Market Size and Forecast, Country
12.5.1. Brazil
12.5.2.Rest of Latin America
13Middle East Asteroid Mining Market Analysis and Forecast (2022-2027)
13.1 Introduction
13.2 Middle East Asteroid Mining Market Share Analysis, By Phase
13.3 Middle East Asteroid Mining Market Size and Forecast, By Application
13.4 Middle East Asteroid Mining Market Size and Forecast, By Asteroid Type 
13.5 Middle East Asteroid Mining Market Size and Forecast, By Country
13.5.1. Saudi Arabia
13.5.2. UAE
13.5.3. Egypt
13.5.4. Kuwait
13.5.5. South Africa
14Competitive Analysis
14.1 Competition Dashboard
14.2 Market share Analysis of Top Vendors
14.3 Key Development Strategies
15Company Profiles
15.1 Asteroid Mining Corporation Limited (U.K.)
15.1.1 Overview
15.1.2 Products
15.1.3 Key Financials
15.1.4 Business Segment & Geographic Overview
15.1.5 Key Market Developments
15.1.6 Key Strategies
15.2. Bradford Space (U.S.)
15.2.1 Overview
15.2.2 Products
15.2.3 Key Financials
15.2.4 Business Segment & Geographic Overview
15.2.5 Key Market Developments
12.2.6 Key Strategies
15.3. iSpace (Japan)
15.3.1 Overview
15.3.2 Products
15.3.3 Key Financials
15.3.4 Business Segment & Geographic Overview
15.3.5 Key Market Developments
15.3.6 Key Strategies
15.4 Kleos Space (Luxembourg)
15.4.1 Overview
15.4.2 Products
15.4.3 Key Financials
15.4.4 Business Segment & Geographic Overview
15.4.5 Key Market Developments
15.4.6 Key Strategies
15.5 Boeing. (U.S.)
15.5.1 Overview
15.5.2 Products
15.5.3 Key Financials
15.5.4 Business Segment & Geographic Overview
15.5.5 Key Market Developments
15.5.6 Key Strategies
15.6 ISRO (India)
15.6.1 Overview
15.6.2 Products
15.6.3 Key Financials
15.6.4 Business Segment & Geographic Overview
15.6.5 Key Market Developments
15.6.6 Key Strategies
15.7 Shackleton Energy Company (U.S.)
15.7.1 Overview
15.7.2 Products
15.7.3 Key Financials
15.7.4 Business Segment & Geographic Overview
15.7.5 Key Market Developments
15.7.6 Key Strategies 
15.8 Northrop Grumman Corporation. (U.S.)
15.8.1 Overview
15.8.2 Products
15.8.3 Key Financials
15.8.4 Business Segment & Geographic Overview
15.8.5 Key Market Developments
15.8.6 Key Strategies
15.9 Airbus S.A.S. (Netherlands)
15.9.1 Overview
15.9.2 Products
15.9.3 Key Financials
15.9.4 Business Segment & Geographic Overview
15.9.5 Key Market Developments
15.9.6 Key Strategies
15.10 Trans Astronautica Corporation. (U.S.)
15.10.1 Overview
15.10.2 Products
15.10.3 Key Financials
15.10.4 Business Segment & Geographic Overview
15.10.5 Key Market Developments
15.10.6 Key Strategies