Category: Space Mining Forecasts
Market forecasts for all aspects of space mining ventures
Space Mining Industry Gains Traction, Economists Weigh Future Impact on Economy
As space agencies intensify their focus on asteroids, the space mining industry is also on the rise, garnering attention from economists. A study by Ian Lange from the Colorado School of Mines suggests that within 30 to 40 years, the production of some metals from space could [more…]
Earth and Space Mining Sensors Market Expected to Reach $1.81 Billion by 2027
The Business Research Company’s “Earth and Space Mining Sensors Global Market Report 2023” predicts the market will grow to $1.81 billion by 2027, with a CAGR of 7.8%. The report attributes this growth to rising demand for metals and minerals and forecasts North America to hold the [more…]
Comprehensive Analysis Analyzes the Future of Space Mining Industry
A new white paper offers valuable insights into the burgeoning industry of space mining. The research covers key topics, including the unique challenges and safety considerations of extracting resources like water ice, precious metals, and rare earth elements in space. Additionally, the paper explores the legal landscape [more…]
Unlocking Space Mining’s Sustainable Growth Potential
A recent paper outlines key areas for future research to better understand the implications and potential of space mining for sustainable growth on Earth. These areas include the development of more comprehensive growth models, understanding the optimal sequence of mining and processing in space versus Earth, and [more…]
North America Leads in Space Mining Market; Type C Asteroids and Platinum Group Materials Dominate Targets
In 2020, North America held the largest share of the global space mining market, accounting for around 51.11% due to increased government and private sector investment. Type C (Chondrite) asteroids were the most targeted, comprising about 56.51% of the market share. These asteroids make up over 75% [more…]
Harvesting Gold from Asteroid Psyche Could Be Economic Boon, Not a Bust
Contrary to popular belief, harvesting gold from the asteroid Psyche wouldn’t lead to an economic collapse. Psyche contains about $10,000 quadrillion worth of gold, which could make gold nearly worthless if brought to Earth. However, this article argues that cheap resources, similar to how aluminum became an [more…]