Space Mining Market By Phase (Spacecraft Design, Launch, Operation), By Type of Asteroid (Type C, Type S, Type M) - Global Opportunity Analysis And Industry Forecast, 2022-2026

Global Space Mining Market Overview 

The Global Space Mining Market size is estimated to reach $52.9 Million by 2026, growing at a CAGR of 10.1% over the forecast period of 2022-2026. Exploiting asteroids and other minor planets, including near-Earth objects, for raw minerals is called space mining. Minerals are extracted from an asteroid or a spent comet, used in space for construction, or returned to Earth. Different mining minerals' technology and economic viability beyond Earth are quickly approaching. In addition, the Internet of Things (IoT), electric vehicles (EVs), and utility-scale electric production and storage are all driving up demand for rare earth elements (REEs).