Market Executive Summary

The global market for Space Mining was estimated to be worth US$ 2771 million in 2024 and is forecast to a readjusted size of US$ 11200 million by 2031 with a CAGR of 22.4% during the forecast period 2025-2031.

Space mining, or asteroid mining, refers to the mining of asteroids and other minor planets for their valuable raw materials.

There are millions of asteroids in the solar system – remnants of bodies colliding in space. Most of the asteroids are distributed between the orbits of Mars and Jupiter —the main asteroid belt— but not all of them.  According to Advantage Environment, approximately 13,000 asteroids are categorized as near-Earth objects, well within reasonable reach, and at least 900 more are discovered every year.

Asteroid mining is a concept that involves the extraction of useful materials from asteroids and near-earth objects, which are useful for propulsion, construction, life support, agriculture, metallurgy, and precious and strategic metals. Volatiles such as hydrogen and methane could be used to produce rocket fuel for transporting spacecraft between the Earth and near-earth objects. Rare-earth metals, such as thulium, scandium, and holmium could be used to manufacture materials as well as solar panels which could be used to power habitats in space. These solar-powered cells could also be used to provide electricity for its inhabitants with satellites specifically designed for this purpose. Iron, nickel and cobalt would serve as fundamental raw materials for building space factories. Precious metals such as platinum, platinum-group metals (PGMs), and gold are also useful. A handful of companies, emerging and existing, will require materials with a high level of purity in large quantities, all of which are readily available in asteroids. There are conjectures that the asteroid mining industry is a whooping trillion-dollar industry.

The market value of asteroid mining refers to the development of technologies and spacecraft design, for example, that will ultimately enable space missions for the purpose of gathering raw materials.

In terms of region, the largest segment of Global Space Mining Market would be North America, with a market share of over 53% in 2019. Following North America, Europe accounted for nearly 31% of global market.

For applications of Global Space Mining Market, Fuel is the largest segment with a market share of nearly 60% in 2019. Construction and 3D Printer accounted for about 22% and 14% of global market, respectively.

This report aims to provide a comprehensive presentation of the global market for Space Mining, focusing on the total sales revenue, key companies market share and ranking, together with an analysis of Space Mining by region & country, by Type, and by Application.

The Space Mining market size, estimations, and forecasts are provided in terms of sales revenue ($ millions), considering 2024 as the base year, with history and forecast data for the period from 2020 to 2031. With both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Space Mining.

Space Mining Market – Growth Drivers

Cosmic Growth Potential

The global Space Mining market is rocketing from $2.77 billion in 2024 to a projected $11.2 billion by 2031, expanding at a CAGR of 22.4%. Fueled by the race to harness extraterrestrial resources, this sector is redefining the future of raw material sourcing.

Asteroids: The Next Resource Frontier

With 13,000+ near-Earth asteroids within reach and 900 new ones discovered annually, space mining promises an untapped reservoir of fuel components, construction materials, and rare metals like platinum and scandium.

Sustainability and Self-Sufficiency in Space

From rocket fuel production (hydrogen, methane) to solar panel materials, asteroid mining underpins the infrastructure needed for long-term space colonization and interplanetary travel.

Global Space Mining Companies Covered

ConsenSys (Planetary Resources), Bradford Space (Deep Space Industries), Moon Express, Ispace, Asteroid Mining Corporation, Trans Astronautica Corporation, OffWorld, SpaceFab

Global Space Mining Market, by Region

North America (U.S., Canada, Mexico)

Europe (Germany, France, UK, Italy, etc.)

Asia Pacific (China, Japan, South Korea, Southeast Asia, India, etc.)

South America (Brazil, etc.)

Middle East and Africa (Turkey, GCC Countries, Africa, etc.)

Global Space Mining Market, Segment by Type

C-Type Carbonaceous Asteroids

S-Type Silicaceous Asteroids

M-Type Metallic Asteroids

Global Space Mining Market, Segment by Application

Fuel

Construction

3D Printer

Recent Developments in the Market

Pioneering Companies Enter the Arena

Innovators like ConsenSys (Planetary Resources), Moon Express, and Asteroid Mining Corporation are building technologies for resource extraction and space logistics—paving the way for commercial viability.

3D Printing & Construction in Orbit

Mining for nickel, cobalt, and iron supports in-space construction and 3D printing of space structures, reducing Earth dependency and enabling a circular economy in orbit.

Government & Private Investment Soar

NASA’s Artemis program and ESA’s lunar initiatives are stimulating private-public partnerships, while venture capital backs next-gen startups focused on autonomous robotic mining and space factories.

Key Trends Reshaping the Industry

Fuel Applications Dominate

The Fuel segment represents nearly 60% of the space mining market, crucial for powering spacecraft, satellites, and space stations without Earth-based resupply.

Rising Demand for Rare Metals & Clean Energy

Rare-earth and platinum-group metals mined from asteroids can fuel green tech innovation on Earth and power solar infrastructure in space colonies.

North America Leads, Asia-Pacific Grows

With over 53% market share, North America is the dominant force, driven by U.S. space ambitions. Europe and Asia-Pacific are rapidly accelerating through aggressive R&D and launch capabilities.

Chapter Outline

Chapter 1: Introduces the report scope of the report, global total market size. This chapter also provides the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.

Chapter 2: Detailed analysis of Space Mining company competitive landscape, revenue market share, latest development plan, merger, and acquisition information, etc.

Chapter 3: Provides the analysis of various market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.

Chapter 4: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.

Chapter 5: Revenue of Space Mining in regional level. It provides a quantitative analysis of the market size and development potential of each region and introduces the market development, future development prospects, market space, and market size of each country in the world.

Chapter 6: Revenue of Space Mining in country level. It provides sigmate data by Type, and by Application for each country/region.

Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product revenue, gross margin, product introduction, recent development, etc.

Chapter 8: Analysis of industrial chain, including the upstream and downstream of the industry.

Chapter 9: Conclusion.

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