Space Mining Market Size & Share Analysis - Growth Trends & Forecasts (2025 - 2038)

The Space Mining Market Report is Segmented by Application (Extraterrestrial Commodity, Construction, Human Life Sustainability, Fuel Mining, and 3D Printing), Resources (Liquids, Rare Earth Metals, Structural Elements), and Geography (North America, Europe, Asia-Pacific, and the Rest of the World). The Report Offers Market Size and Forecast for all the Above Segments in Value (USD).

Space Mining Market Size & Share Analysis - Growth Trends & Forecasts (2025 - 2038)

Space Mining Market Size

Space Mining Market Summary
Study Period 2023 - 2038
Market Size (2025) USD 2.37 Billion
Market Size (2038) USD 23.08 Billion
CAGR (2025 - 2038) 19.13 %
Fastest Growing Market Asia-Pacific
Largest Market Europe
Market Concentration Low

Major Players

Space Mining Market Major Players

*Disclaimer: Major Players sorted in no particular order

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Space Mining Market Analysis

The Space Mining Market size is estimated at USD 2.37 billion in 2025, and is expected to reach USD 23.08 billion by 2038, at a CAGR of 19.13% during the forecast period (2025-2038).

The primary driver for the space mining market is the potential abundance of valuable resources in space, such as rare metals and minerals, which can be used to sustain human activities in space and support industries on Earth. These resources can also fuel future space exploration and space colonization efforts.

The US, Luxembourg, and the UAE are racing to develop space mining laws, hoping to attract investment with business-friendly legal frameworks. While China reportedly views space resource development as a national priority as part of a strategy to challenge the US economic and security importance in space, Russia, Japan, India, and the European Space Agency harbor space-mining ambitions of their own.

The development of a global framework, the growing enthusiasm from the private sector, the advent of a feasible space mining technology, and the reduction in project costs are expected to radically boost the space mining efforts, which would require mass production of landers and rovers to survey a mining site before setting up a mining rig on any celestial body.

On the other hand, the high costs associated with the space mining programs and the technical and technological challenges in space mining may restrict prospective investors, thereby affecting the growth of the space mining market.

Key companies are developing technologies to extract valuable resources from asteroids, the moon, or other celestial bodies. Players are investing in building infrastructure in space, such as space stations, refueling depots, and facilities to support mining operations and facilitate sustainable human presence in space. There's an opportunity for players to innovate and develop advanced mining technologies for the unique conditions of space, such as low gravity, vacuum, and extreme temperatures.

Space Mining Industry Overview

Moon Express, Off-World, Inc., Trans Astronautica Corporation, Asteroid Mining Corporation, and iSpace, Inc. are some of the prominent players continuing their research in the market. The market is in its nascent stage, with most of the progress expected to come in the next decade. Strategic acquisitions and partnerships may help the players to enhance their technological capabilities. For instance, In October 2021, Airbus Ventures announced that the company expanded its portfolio in space technologies with an investment in Space Inc. as part of an extension of the lunar exploration company's Series C investment round.

Also, several companies are testing their prototypes for future space mining. In April 2021, TransAstra announced that it received two contracts from the NASA Small Business Innovation Research (SBIR) program for Radiant Gas Dynamic (RGD) Ice Mining and Sun FlowerSolar Power Tower operations at the Lunar base of operations. Similarly, In August 2021, NASA announced that it had given a 10-cent check to space startup Lunar Outpost in the first-ever payment to a company to mine the Moon. The check, which was just 10 cents, or 10% of Lunar Outpost's USD 1 bid, will go toward the company's efforts to collect lunar dust for the agency. Such developments are expected to bolster the market prospects during the forecast period.

Space Mining Market Leaders

  1. Moon Express

  2. Trans Astronautica Corporation

  3. Off-World, Inc.

  4. Asteroid Mining Corporation

  5. iSpace, Inc.

  6. *Disclaimer: Major Players sorted in no particular order
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Space Mining Market News

April 2023: TransAstra won a USD 0.85 million Phase 2 business innovation research contract from NASA to manufacture a bag to capture orbital debris. As per the phase 2 small research contract, TransAstra will build an inflatable capture bag to capture orbital debris and demonstrate to NASA how the bag, which is fitted with inflatable struts to open and close, would envelop a noncooperative object in space. In 2021, TransAstra built a small capture bag with NASA Innovative Advanced Concepts funding. The new phase 2 contract was awarded to support early-stage technology with potential commercial space applications.

March 2023: OffWorld expanded its business of space mining into Luxembourg. OffWorld aims to reinvent space mining by developing a new generation of AI-powered robots to withstand extreme conditions. The new OffWorld Luxembourg branch will likely conduct research into lunar regolith processing and the design and development of its AI-powered robotic workforce.

Space Mining Market Report - Table of Contents

1. INTRODUCTION

  • 1.1 Study Assumptions
  • 1.2 Scope of the Study

2. RESEARCH METHODOLOGY

3. EXECUTIVE SUMMARY

4. MARKET DYNAMICS

  • 4.1 Market Overview
  • 4.2 Market Drivers
  • 4.3 Market Restraints
  • 4.4 Porter's Five Forces Analysis
    • 4.4.1 Bargaining Power of Suppliers
    • 4.4.2 Bargaining Power of Buyers/Consumers
    • 4.4.3 Threat of New Entrants
    • 4.4.4 Threat of Substitute Products
    • 4.4.5 Intensity of Competitive Rivalry

5. MARKET SEGMENTATION

  • 5.1 Application
    • 5.1.1 Extraterrestrial Commodity
    • 5.1.2 Construction
    • 5.1.3 Human Life Sustainability
    • 5.1.4 Fuel Mining
    • 5.1.5 3D Printing
  • 5.2 Resources
    • 5.2.1 Liquids
    • 5.2.2 Rare Earth Metals
    • 5.2.3 Structural Elements
  • 5.3 Geography
    • 5.3.1 North America
    • 5.3.1.1 United States
    • 5.3.1.2 Canada
    • 5.3.2 Europe
    • 5.3.2.1 United Kingdom
    • 5.3.2.2 Italy
    • 5.3.2.3 Germany
    • 5.3.2.4 Russia
    • 5.3.2.5 Rest of Europe
    • 5.3.3 Asia-Pacific
    • 5.3.3.1 China
    • 5.3.3.2 India
    • 5.3.3.3 Japan
    • 5.3.3.4 South Korea
    • 5.3.3.5 Rest of Asia-Pacific
    • 5.3.4 Rest of World
    • 5.3.4.1 Israel
    • 5.3.4.2 Brazil
    • 5.3.4.3 United Arab Emirates
    • 5.3.5

6. COMPETITIVE LANDSCAPE

  • 6.1 Company Profiles
    • 6.1.1 Moon Express
    • 6.1.2 iSpace, Inc.
    • 6.1.3 Asteroid Mining Corporation
    • 6.1.4 Off-World Inc.
    • 6.1.5 Trans Astronautica Corporation
    • 6.1.6 Karman+
    • 6.1.7 ASTROBOTIC TECHNOLOGY, INC.
    • 6.1.8 Momentus Space
    • 6.1.9 RHEA Group
    • 6.1.10 AstroForge
    • 6.1.11 Helios Project Ltd.
    • 6.1.12 Origin Space
  • *List Not Exhaustive

7. MARKET OPPORTUNITIES AND FUTURE TRENDS

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Space Mining Industry Segmentation

Space mining is the exploitation of materials from the moon, other planets in the solar system, their satellites' asteroids, and near-Earth objects. The market demand has been estimated based on firm investments and revenues.

The surveillance radar market is segmented by geography. The report covers the market sizes and forecasts for the Space mining market in major countries across different regions. 

For each segment, the market size is provided in terms of value (USD).

Application Extraterrestrial Commodity
Construction
Human Life Sustainability
Fuel Mining
3D Printing
Resources Liquids
Rare Earth Metals
Structural Elements
Geography North America United States
Canada
Europe United Kingdom
Italy
Germany
Russia
Rest of Europe
Asia-Pacific China
India
Japan
South Korea
Rest of Asia-Pacific
Rest of World Israel
Brazil
United Arab Emirates
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Space Mining Market Research FAQs

How big is the Space Mining Market?

The Space Mining Market size is expected to reach USD 2.37 billion in 2025 and grow at a CAGR of 19.13% to reach USD 23.08 billion by 2038.

What is the current Space Mining Market size?

In 2025, the Space Mining Market size is expected to reach USD 2.37 billion.

Who are the key players in Space Mining Market?

Moon Express, Trans Astronautica Corporation, Off-World, Inc., Asteroid Mining Corporation and iSpace, Inc. are the major companies operating in the Space Mining Market.

Which is the fastest growing region in Space Mining Market?

Asia-Pacific is estimated to grow at the highest CAGR over the forecast period (2025-2038).

Which region has the biggest share in Space Mining Market?

In 2025, the Europe accounts for the largest market share in Space Mining Market.

What years does this Space Mining Market cover, and what was the market size in 2024?

In 2024, the Space Mining Market size was estimated at USD 1.92 billion. The report covers the Space Mining Market historical market size for years: 2023 and 2024. The report also forecasts the Space Mining Market size for years: 2025, 2026, 2027, 2028, 2029, 2030, 2031, 2032, 2033, 2034, 2035, 2036, 2037 and 2038.

Space Mining Industry Report

The Space Mining Market Report provides an in-depth industry analysis, offering valuable industry information and insights into the market outlook and industry outlook. The report covers various applications such as extraterrestrial commodity, construction, human life sustainability, fuel mining, and 3D printing. It also delves into the resources segment, including liquids, rare earth metals, and structural elements. The geographical analysis spans North America, Europe, Asia-Pacific, and the rest of the world.

Industry reports indicate that the market size and market value are expected to grow, with detailed market segmentation providing a clearer picture of market trends. The market research highlights key market leaders and their roles in the industry growth. The report example, available as a report PDF, includes market data and market review, offering a comprehensive industry overview.

Market predictions and market forecast suggest a positive market growth rate, driven by various factors outlined in the industry research. The industry statistics and industry sales data support these findings, emphasizing the market's potential. The industry trends and market outlook are further explored, providing a detailed market analysis and industry overview.

Research companies have contributed to this market report, ensuring accurate and up-to-date industry information. The market report also includes a market forecast and market segmentation, offering a detailed market review and industry size estimation. This report serves as a valuable resource for understanding the market dynamics and future market trends.