The Space Mining Market is projected to grow at a significant CAGR during the forecast period. The global Space Mining Market is linked with the activities carried out by space launch service providers. It includes ordering, conversions, assembly, construction and stacking, integration of payload, and launch. The rising number of private players has resulted in the reduction of the launch cost and new private firms which are focusing more on new technologies have marked a new phase in the market. The growing number of satellite and testing prone launches is propelling the Space Mining Market growth. Moreover, efforts to further reduce the launching cost and increased government investment acts as a driver for the growth of the space launch services market.
A full report of Space Mining Market available at: https://www.orionmarketreports.com/space-mining-market/35532/
Some of the prominent players in the market include Mitsubishi Heavy Industries, Space Exploration Technologies Corp. (SpaceX), AIRBUS S.A.S, Safran, and The Boeing Company. Other companies in the value chain of the market include Astrobotic, Swedish Space Corporation, and Virgin Galactic. The contracts, joint ventures, and partnerships are increasing all across the globe. For instance, SpaceX has signed a deal to launch two satellites of Kazakhstan through Falcon 9 launch as a ridesharing partner. The new joint venture of The Boeing Company and Lockheed Martin Corp to form United Launch Services is propelling to increase in space projects. Hence, the demand for space launching services is increasing which is driving the growth of the space launch services market.
Space Mining Market- Segmentation
By Phase
• Spacecraft Design
• Launch
• Operation
By Type of Asteroid
• Type C
• Type S
• Type M
By Application
• Construction
• Fuel
• Others
Segment by Region
• North America
• US
• Canada
• Mexico
Europe
• Germany
• France
• Italy
• Spain
• UK
• Rest of Europe
Asia-Pacific
• Japan
• China
• India
• Australia and New Zealand
• Rest of Asia-Pacific
Rest of the World
• South America
• Middle East
• Africa
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(This release has been published on OMR Industry Journal. OMR Industry Journal is not responsible for any content included in this release.)
