#Asteroid Mining Market outlook

[datadiscoveriesdaily]

Space Mining Market Size Growth Set to Surge Significantly during 2024-2031

Overview:

The Space Mining market has emerged as a dynamic and promising sector, positioned at the intersection of space exploration and resource extraction. This futuristic endeavor involves the extraction of valuable minerals and resources from celestial bodies, such as asteroids and the Moon, opening up new frontiers for human economic activity beyond Earth. As technological advancements continue to propel space exploration, the Space Mining market is gaining traction as a viable and potentially lucrative industry.

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Drivers:

Several factors are driving the growth of the Space Mining market. Firstly, the increasing demand for rare minerals on Earth, coupled with dwindling terrestrial resources, has spurred interest in extra-terrestrial mining. The potential availability of precious metals, such as platinum and gold, in asteroids presents a compelling economic incentive. Moreover, the burgeoning space exploration industry, driven by both governmental space agencies and private enterprises, is fostering a conducive environment for the development of space mining technologies. The prospect of accessing vast quantities of resources in space without the environmental constraints associated with terrestrial mining further amplifies the appeal of space mining.

Furthermore, advancements in space technology and robotics are overcoming the challenges of operating in the harsh conditions of outer space. Automation and artificial intelligence are playing pivotal roles in developing autonomous mining systems capable of navigating and extracting resources from celestial bodies. As these technologies mature, the feasibility of space mining operations becomes increasingly realistic, propelling the market forward.

Restraints:

Despite the promising outlook, the Space Mining market faces significant challenges and restraints. One of the foremost hurdles is the high upfront investment required for space mining missions. The development of advanced spacecraft, robotic systems, and mining equipment demands substantial financial resources. This financial barrier may hinder the entry of smaller players into the market, limiting the competitive landscape and innovation.

Moreover, regulatory uncertainties and the absence of a comprehensive legal framework for space mining pose additional challenges. The international community is yet to establish clear guidelines regarding property rights and ownership of extracted resources from celestial bodies. This lack of legal clarity could impede investment and stall the progress of space mining projects. Striking a balance between encouraging private investment and ensuring responsible and sustainable practices is crucial for the long-term success of the Space Mining market.

Growth Factors:

Several factors contribute to the growth prospects of the Space Mining market. The increasing global awareness of the finite nature of Earth's resources is driving the search for alternative sources. Space mining offers a potential solution to address resource scarcity on Earth by tapping into the vast reservoirs available in space.

Additionally, collaborations between governmental space agencies and private entities are fostering innovation and accelerating the development of space mining technologies. Joint ventures and partnerships enable the sharing of expertise and resources, mitigating some of the challenges associated with the industry's infancy.

Furthermore, the successful demonstration of space mining capabilities through unmanned missions is instilling confidence in investors and stakeholders. As these missions prove the feasibility of extracting resources from space, it builds momentum for larger-scale, manned operations in the future.

In conclusion, the Space Mining market represents a paradigm shift in resource acquisition, with the potential to redefine the global economy. While challenges exist, the convergence of technological advancements, economic incentives, and a growing interest in space exploration positions space mining as a transformative industry with far-reaching implications for humanity's future beyond Earth. As the sector continues to evolve, navigating the complexities of regulation and investment will be critical in unlocking the full potential of the Space Mining market.

Market segment by players, this report covers

    ConsenSys (Planetary Resources)

    Bradford Space (Deep Space Industries)

    Moon Express

    Ispace

    Asteroid Mining Corporation

    Trans Astronautica Corporation

    OffWorld

    SpaceFab

Market segmentation

Space Mining market is split by Type and by Application. For the period 2024-2031, the growth among segments provide accurate calculations and forecasts for revenue by Type and by Application. This analysis can help you expand your business by targeting qualified niche markets.

Market segment by Type, covers

    C-Type Carbonaceous Asteroids

    S-Type Silicaceous Asteroids

    M-Type Metallic Asteroids

Market segment by Application, can be divided into

    Fuel

    Construction

    3D Printer

By Geography

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

Europe (Germany, France, Italy, Spain, U.K., Russia, and Rest of Europe)

Asia Pacific (China, India, Japan, Australia, and Rest of Asia Pacific)

South America (Brazil, Argentina, and Rest of South America)

Middle East & Africa (South Africa, UAE, and Rest of ME&A)

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[madyjose5]

global asteroid mining market garnered $712 million in 2017, and is estimated to reach $3,868.9 million by 2025, growing at a CAGR of 24.4% from 2018 to 2025.

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Global Asteroid Mining Market Size, Trends, Outlook and Forecast By 2025

KD Market Insights has published a research report about Global Asteroid Mining Market that envisions boost for this market with XX% CAGR (Compound Annual Growth Rate) for this market between 2017 and 2025. In terms of value, the market that is worth the XX million in 2017 is expected to be worth the XX million in 2025. The market research report demonstrates market dynamics which includes growth drivers, restraining factors and opportunities and trends spearheading current nature and future status of this market. In addition to this, the report includes market size, Y-O-Y growth analysis and structure of the overall industry based on a unique combination of industry research, fieldwork, market sizing analysis, and our in-house expertise. Our general approach is to target several individuals with specific questions that we believed would satisfy our research objective. Further, to speed up the data collection process, we employed an online survey, delivered via email. Also, the research team analysed the results to identify potential opportunities and risks for the market. Request for Sample @ https://www.kdmarketinsights.com/sample/3428 Segmentation: The global Asteroid Mining Market has been segmented on the basis of – By Phase - Spacecraft Design - Launch - Operation By Asteroid Type - Type C - Type S - Type M - Others By Application - Construction - Resource Harvesting - 3D Printing - Others Regional Outlook: The report analyses the market by geographies i.e. North America, Europe, Asia Pacific, Latin America & Middle East & Africa. Further, the geographies are fragmented into the country and regional groupings: - North America (U.S. & Canada) - Europe (Germany, United Kingdom, France, Italy, Spain, Russia and Rest of Europe) - Asia Pacific (China, India, Japan, South Korea, Indonesia, Taiwan, Australia, New Zealand and Rest of Asia Pacific) - Latin America (Brazil, Mexico, Argentina and Rest of Latin America) - Middle East & Africa (GCC, North Africa, South Africa and Rest of Middle East & Africa) Competitive Landscape: The competitive landscape analysis provides detailed strategic analysis of the company’s business and performance such as financial information, revenue breakup by segment and by geography, SWOT Analysis, key facts, company overview, business strategy, key product offerings, marketing and distribution strategies, new product development, recent news (acquisition, expansion, technology development, research & development and other market activities). The study also provides company’s positioning and market share in Asteroid Mining Market. The report profiles various major market players such as Asteroid mining Company, Bradford, iSpace, Kleos Space S.A, Planetary Resources, SpaceFab.US, Sierra Nevada Corporation, Offworld, and Virgin Galactic, Other Prominent Players. Browse Full Report with TOC @ https://www.kdmarketinsights.com/product/asteroid-mining-market-amr Table of Contents: CHAPTER 1: INTRODUCTION 1.1. REPORT DESCRIPTION 1.2. KEY BENEFITS FOR STAKEHOLDERS 1.3. KEY MARKET SEGMENTS 1.4. RESEARCH METHODOLOGY 1.4.1. Primary research 1.4.2. Secondary research 1.4.3. Analyst tools and models CHAPTER 2: EXECUTIVE SUMMARY 2.1. CXO PERSPECTIVE CHAPTER 3: MARKET OVERVIEW 3.1. MARKET DEFINITION AND SCOPE 3.2. KEY FINDINGS 3.2.1. Top impacting factors 3.2.2. Top investment pockets 3.2.3. Top winning strategies 3.3. PORTERS FIVE FORCES ANALYSIS 3.4. MARKET SHARE ANALYSIS (2017) 3.5. MARKET DYNAMICS 3.5.1. Drivers 3.5.1.1. Ongoing and future space missions 3.5.1.2. Rise in investments in space mining technologies 3.5.1.3. Advancements in 3D printing Application 3.5.2. Restraint 3.5.2.1. High cost associated with space mining technique 3.5.3. Opportunities 3.5.3.1. Adoption of In-Situ resource Utilization (ISRU) in space exploration 3.5.3.2. Rising number of government regulations CHAPTER 4: ASTEROID MINING MARKET, BY PHASE TYPE 4.1. OVERVIEW 4.2. SPACE-CRAFT DESIGN 4.2.1. Key market trends, growth factors and opportunities 4.2.2. Market size and forecast, by region 4.2.3. Market analysis by country 4.3. LAUNCH 4.3.1. Key market trends, growth factors, and opportunities 4.3.2. Market size and forecast, by region 4.3.3. Market analysis by country 4.4. OPERATION 4.4.1. Key market trends, growth factors, and opportunities 4.4.2. Market size and forecast, by region 4.4.3. Market analysis by country Continue… Check for Discount @ https://www.kdmarketinsights.com/discount/3428 About Us: KD Market Insights offers a comprehensive database of syndicated research studies, customized reports, and consulting services. These reports are created to help in making smart, instant and crucial decisions based on extensive and in-depth quantitative information, supported by extensive analysis and industry insights. Our dedicated in-house team ensures the reports satisfy the requirement of the client. We aim at providing value service to our clients. Our reports are backed by extensive industry coverage and is made sure to give importance to the specific needs of our clients. The main idea is to enable our clients to make an informed decision, by keeping them and ourselves up to date with the latest trends in the market. 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[dailytechnologynews]

Top Ten Predictions FOR 2050

Autonomous vehicles become widespread – this should happen well before 2050 in developed countries (perhaps by 2030). The global road toll, currently over one million deaths a year, will eventually decline by 90% or more. Car ownership will continue for rise for a time (especially in poorer countries) then eventually start to decline. More efficient, autonomous, Uber-like taxis come to dominate road systems. Owning a personal car will eventually be much more expensive (especially as human drivers become increasingly hard to insure). ‘Flying’ versions (of the sort recently trialled in places like Dubai, like small electric helicopters) slowly emerge as well, albeit reserved for the very wealthy.

Other wealthy people and car enthusiasts will continue to own (regular) cars a long way into the future (like horses today). However in many countries, humans may eventually be banned/severely restricted from driving on public roads due to safety concerns (despite how unimaginable this may seem today). In the developed world at least, one of the last holdouts will be the US, as conservative politicians trumpet the rights of law-abiding car owners.

The space program takes off, but slowly – given current plans (especially by private companies like SpaceX and Blue Origin) I would give at least 50% odds we will have a man on Mars by 2030 (only 12 years away). In just the last few years SpaceX in particular has proven the feasibility of reusable rockets. Pretty much all the requisite technologies are now here and the pace will slowly pick up as costs come down.

By 2050 several countries/major companies are likely to have space stations in Earth orbit, bases on the Moon and even Mars. Like bases in Antarctica today, these will mainly serve research and tourism purposes (plus a purely geopolitical one in staking out future territory i.e. the US and China build separate bases on the moon and then each claim a hemisphere). More probes will continue to be sent to the outer solar system. The earliest human missions to Jupiter or Saturn space may be in their early stages by 2050. Early efforts to mine the resources of the asteroid belt may be under way. Space-based solar power might have become a reality around Earth (though I suspect that, like nuclear power before it, the public will be sufficiently terrified by the thought of giant space lasers that plans will be stymied even if the experts say the safety concerns are greatly exaggerated). Space elevators remain impractical.

The world successfully finds new sources of energy and copes with climatic changes – for decades many people (some of them highly educated) have predicted that something akin to ‘peak oil’ was imminent and that shortly afterward the world might plunge into a Mad Max-style dystopia. This is unlikely. Not only have the world’s oil, coal and natural gas reserves proven to be vast enough to likely last us generations, but even if all fossil fuels vanished tomorrow, the world has enough uranium to supply our energy needs for thousands of years. CO2 levels will continue to rise and with it global temperatures will continue to tick upwards. However, the industrial capacity and ingenuity of the human race rises much faster. In 2018 your odds of dying from a natural disaster are an order of magnitude less than in 1900. This trend will continue.

The world’s urban population doubles between 2010 and 2050 (from 3.5 to 7 billion). Major coastal cities eventually construct elaborate flood levees as sea levels rise maybe two or three feet by the end of the century. Even in poorer countries, better infrastructure majorly cuts down on deaths due to disease, famine, floods, storms and other disasters (in the long run earthquakes remain the most unpredictable and thus the most dangerous). The predicted ‘climate refugees’ largely fail to eventuate, though millions are always seeking to enter the first world to find higher paying work, especially as automation ramps up and ‘cheap labour’ is no longer the powerful driver of growth it once was.

Fossil fuels remain the primary source of energy in 2050. However, solar, wind, nuclear and now fusion power plants are rapidly coming on line. By 2050 several record breaking tunnels, including from Sicily-Tunisia and Korea-Japan, have been constructed. A number of buildings over 1km tall have been built, with the highest (likely built in a prestige-hungry African country) surpassing 1.5km.

Major confrontations between the US and China over Taiwan and the South China Sea – there will almost certainly be at least one more (and possibly several) sequels to the 1st, 2nd and 3rd ‘Taiwan Strait Crises’. This could take many forms. It might start with a Chinese blockade of the island, or an attempt to seize another, more minor Taiwanese asset (Taiping Island in the Spratlys stands out for instance, or possibly Kinmen and Matsu closer to the mainland). One such scenario is depicted here

Hard to be specific but I would predict better than 50% odds you will see Chinese and US warships shooting at each other at some point. However, I also think the odds are very low it will escalate into WW3. As both sides have nuclear-tipped ICBMs and the American and Chinese homelands are sufficiently far apart battles are likely to be confined to sea, air and fairly remote islands (though space and cyberspace are also likely). Other countries like Japan and Australia could easily get involved.

Hostilities may last for years but the eventual death toll will probably be in the thousands rather than the millions. More dire scenarios see a physical Chinese land invasion of Taiwan (though it is hard to see this succeeding) or a major escalation whereby one side tries to shoot down the other’s satellites, causing a chain reaction that destroys more or less everything in LEO. This, or a China-US trade embargo (10X worse than the current ‘trade war’) plus a prolonged shutdown of seagoing trade in the S. China Sea would cause severe economic disruption. However, again, probably no nukes and no WW3. My ultimate guess is that the US Navy prevails and in 2050 Taipei is still independent of Beijing (indeed – probably openly so).

Global politics will realign as demographic change and economic growth sees the rise of certain countries – in broad strokes this is fairly obvious, but we can take a stab at a few specifics. Despite earlier fears of runaway growth the global population is expected to increase from today’s 7.5 billion to maybe 10 billion in 2050 and thereafter stabilize. Also, despite much misinformation and fear-mongering the world today is much richer and healthier today than ever before.

The existing western world will maintain its dominance for some time yet. The United States in particular is projected to have healthy population growth well into the future. The US population should be around 400 million by 2050 (albeit increasingly diverse) and still third in the world (though Nigeria might overtake them towards the end of this century).

China since 1980 is the obvious model for other poor countries (though worth noting their streak of ‘10% annual GDP growth’ burned out in 2010, they have averaged 6-7% since). India’s economy is now growing faster than China’s and its population will overtake theirs by 2025 but it is starting from a much lower base. Despite many predictions, I suspect the US will remain no.1 in GDP at least until 2030 and will still be 1st or 2nd in 2050 (with China the only real competitor).

A complete implosion of China is possible. This could be caused by an economic crisis or a failed military venture abroad which destroys the legitimacy of the communist party and sparks a revolution calling for democratic and other reforms. Perhaps in tandem with this, North Korea implodes and is reunified with South Korea (this is unlikely to occur without a major change in China first, given their status as essentially a buffer state with the US-backed south).

One possible state that stands out as a future superpower is the ‘East African Federation’, an intended evolution of the existing ‘East African Community’ that now includes Kenya, Uganda, Tanzania, Burundi, Rwanda and South Sudan. At present these states are very poor, with a combined GDP smaller than New Zealand. However, they are now growing at 6% a year. Linked by Swahili as a common lingua franca they are expected to have a population of 410 million by 2050 and 800 million by 2100 – not far behind India and China. If their political integration succeeds and their economic growth continues, the EAF could emerge as a major world power by mid-century.

Population declines and changing resource markets will cause the decline of other countries - on the flip side to the above, countries like Japan and Russia have a bleak demographic outlook. Russia in particular with anaemic economic growth and a growing Muslim minority may face substantial internal instability. The decline of oil (either due to the spread of new technologies or simply a global shortage) will also contribute. The country could even collapse entirely as depicted here

Individual European states face demographic and (relative) economic decline. However if the European Union survives as an institution (I would give better than 50% odds) its combined population of 450 million (even without the UK) and historical economic strength should help it remain a major world power well into the century. The anglosphere countries will continue to benefit from the rise of English to the global lingua franca.

In 2050 I suspect the Middle East, as in 2018 or indeed 1950, will continue to be something of a war-torn shithole. The brewing cold war between Sunni-Saudi Arabia and Shia-Iran is just beginning. Both could eventually get nukes (and then things get real interesting). The decline of oil, increasing calls for democracy/secularism/modernisation and ongoing ethnic tensions will all ensure continued chaos. An independent Kurdistan is likely to become a reality eventually. Turkey, now resurgent and by far the strongest country in the region, could take advantage of the weaknesses of the Arab states to advance south into its historical realm of influence (the entire region having been controlled by them until 1918).

On the whole Africa’s economic outlook is now improving and its demographics indicate that 40% of the world will be African by 2100. However, they still have a long way to go. Major wars, revolutions, epidemics and other disasters are likely to strike numerous times before then as they have in the previous 60 years since the withdrawal of the European colonial powers. I suspect in the next decade or two racial tensions in South Africa will also come to a head and the white minority will be forced to flee the country, i.e. Rhodesia in the 1980s.

Neural implants evolve from today’s smartphones – As we went from room-sized computers to PCs to laptops to smartphones (and maybe smartwatches and smartglasses as well) the ultimate result will be unobtrusive brain-computer interfaces that will quickly become universal (if not exactly mandatory – but trying staying employed without one). As with past computer technologies, the earliest adopters (from maybe the late 2020s) will be tech enthusiasts, time-pressed businessmen, and the young. Over another decade or so they will spread to the rest of the population in developed countries (with some inevitable holdouts, generally the elderly with little appetite to embrace more technologies and those with religious or other objections). Poorer countries (though now catching up) will be another decade or two behind. However, even in darkest Africa neural implants will probably be arriving by 2050 or so, as electricity and the internet already are today.

So what is a neural implant? Think of a smartphone but one that bypasses your ‘traditional’ senses. Rather than looking at a screen or listening via speakers, information will be beamed directly into your neocortex. Images/text/sounds and possibly other sensations will simply appear in your vision/hearing. This would apply to everything. When you walk down a shopping strip advertisements will flash up in your vision. When you want to communicate with someone, text/audio/video messages can be wordlessly exchanged via a little box popping up in the corner of your field of view. You can browse the global internet, check the weather, etc simply via thought commands. You can set a morning alarm that will wake up nobody but you! It’s at least as big a revolution in our lives as everything internet-related since 1990.

Of course, all this would come with staggering privacy concerns (i.e. the government or someone else being able to hack into your very nervous system and observe what you sense/observe – or perhaps even being able to ‘take control’ themselves depending on the nature of the implant). However, society finds ways to deal with these concerns, as we already have carrying smartphones around in our pockets. Expect to see a few neural-implant-Edward-Snowdens.

Major enhancements to the human body, either through gene therapy or surgery, start to become possible – neural implants are one thing, but just one element of our shift into what are essentially cyborgs. Artificial organs are already on the horizon. Designer babies are well on the way. Genetic doping in sports is probably already around. Genetically modified crops are already decades old.

Want to guarantee your kids will grow to be at least six foot? Have perfect vision and teeth? Such gene therapy will eventually not only be permitted, but calls will abound to make it free and universal (like education or healthcare today). On the plus side, our children and grandchildren will increasingly be free of the heavy burdens of genetic disease. On the other hand, if everyone’s kid has a perfect smile and can learn to play the violin with ease – how else does one stand out? Major social problems typical of a ‘modern’ society, such as obesity and drug abuse, will finally start to reverse after decades.

Of course, inequality will be a problem. Just as it is the world’s wealthy offspring who have access to braces or laser eye surgery today, the poor will have to do with their ‘natural’ bodies until such breakthroughs spread. A heart attack will prove fatal to an old man in Africa. In Europe it may mean the installation of a new heart and another decade of life. However, this is just the beginning.

Anti-aging efforts start to bear fruit – this one has many question marks attached, but I would expect that substantial progress will eventually be made. Global life expectancy is now 72 years, up from 67 in the year 2000 or 48 in 1950. Most of this has been as the ‘low-hanging fruit’ of vaccines, improved sanitation and nutrition and other changes have finally spread to the third world.

Modern medicine tells us the human body is an immensely complicated machine. Slicing and dicing our DNA is still proving immensely hard. Nonetheless, aging doesn’t seem to be an immutable law (like breaking the light barrier or time travel or anything). Once our understanding of the human body is sufficiently advanced, reversing every aspect of the aging process seems very possible. Maybe I’m falling into the usual trap of hoping for such developments before I get old (I will be nearing 60 in 2050) but I suspect we might finally be getting close. However, for a task of this magnitude, we might have to wait for the next step – the breakthrough to end all breakthroughs.

The singularity – this is the biggest question mark of all. While I feel the world until 2050 is relatively foreseeable (barring a nuclear war, solar flare, etc) the rise of superintelligent AIs is an event so overwhelming as to put all other predictions in doubt. Even if Moore’s law slows it is unlikely to stop, and current trends put the capabilities of silicon computers well ahead of anything our puny human brains can do by mid-century.

Suffice it to say I think the worst predictions about the singularity are unlikely to come to pass. Most apocalyptic scenarios about an AI taking over the world see a massive divide between that AI and the puny humans of 2018 (or earlier). By 2050 many humans will already be well on their way to becoming cyborgs. AIs of all shades will have been developed, doing everything from playing chess matches to playing the stock market. The gap between a ‘superintelligent’ AI and the rest of the world won’t be nearly as great, decreasing the odds that a single rogue entity will be able to hold the rest of the world hostage to its pre-programmed whims.

Nonetheless, the proliferation of superintelligence will strain every institution of our modern world. Major, apparently unassailable concepts like democracy and capitalism and the superiority of human life will come under question. Why bother with the cumbersome nature of a democratic legislature or the chaos of a free market, if a perfect AI can make better decisions? Why respect the world’s existing governments, if all their armies and weapons have suddenly been made obsolete by some godlike alliance of AIs? Why even bother with the ‘real’ world at all, if you can transfer your brain patterns to a hard drive smaller than your thumb and inhabit whatever virtual reality you please? In a world where humans as we’ve known them for the past 100,000 years have suddenly become obsolete, whatever will our silicon offspring do next?

[wenickjones]

Asteroid Mining Market 2020 Along With Covid-19 Impact Analysis, Advancement And Outlook 2025

Facto Market Insights (FMI) is one of the leading market research analyst incorporated its latest research subject title “ ASTEROID MINING MARKET – 2020 – 2025 to its diverse bouquet of market research reports. With in depth study it provides bulls eye analysis of market drivers, its challenges, opportunity trends along with various key analytical insights. In addition FMI anticipates the report on global asteroid mining market to help its patrons to understand and gaze the important aspects that are expected to intensify the growth patterns of the global market in near future. The study and research doesn’t confine itself to just the patterns but takes a leap ahead and do a complete analysis of the market size and forecast for the different segments & geographies covering the impact analysis of ongoing covid 19 pandemic.

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covering the value and supply chain analysis, year-on-year (Y-o-Y) growth and compounded annual growth rate (CAGR), in the Facto Market Insights (FMI) research report along with top macroeconomic indicators. The study is way beneficial for the investors, manufacturers, suppliers, stakeholders, and distributors, because it can help them to understand the strategies of the market and also, they can withdraw information &statistics presented in market research report.

Impact Analysis of Coronavirus Disease (COVID-19)

The research report covers the impact analysis of COVID-19 pandemic on the global asteroid mining market, covering information about each region & countries in order to identify the issues raised by the pandemic over various industries. The outbreak of coronavirus or COVID-19 (formerly 2020-nCoV) was noted in December 2019, which has been imposed as a medical emergency across the globe. More than 213 countries and territories have reported cases of coronavirus till date. On 11th March 2020, the World Health Organization (WHO) declared the COVID-19 a pandemic officially. Countries including U.S., India, Italy, Germany, Spain, France, Brazil, and such other countries have a large number of COVID-19 patients, due to which the countries went under lockdown conditions in the past. Thus, with the ongoing situation of lockdown, many industries have been adversely impacted, and it is expected that the economy of such nations are going to suffer a massive loss over the upcoming years, and also the global economy is anticipated to slip into a recession, which is considered to hamper the growth of the overall market.

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Segment Information  

The market for global asteroid mining market is segmented as Product Type, Form Type, Drug Type, End User and Region.

KEY MARKET SEGMENTS By Phase

Spacecraft Design

Launch

Operation

By Application

Construction

Resource Harvesting

3D Printing

Others

By Asteroid Type                          

Type C

Type S

Type M

Others

Regional Representation

The market for asteroid mining is segregated on the basis of regional basis into North America, Europe, Asia Pacific, Latin America and Middle East and Africa. The breakdown of the region into countries is covered in the study. The study also includes the estimations about market growth at the regional and country levels. Further, the regions are fragmented into the country and regional groupings:

- North America (U.S. & Canada)

- Europe (Germany, United Kingdom, France, Italy, Spain, Russia and Rest of Europe)

- Asia Pacific (China, India, Japan, South Korea, Indonesia, Taiwan, Australia, New Zealand and Rest of Asia Pacific)

- Latin America (Brazil, Mexico and Rest of Latin America)

- Middle East & Africa (GCC, North Africa, South Africa and Rest of Middle East & Africa)

Competitive Landscape:

The report profiles various major & prominent key market players in the global asteroid mining market including

Asteroid mining Company

Bradford

iSpace

Kleos Space S.A

Planetary Resources

SpaceFab

Sierra Nevada Corporation

Offworld

Virgin Galactic

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[capitalism-and-analytics]

Past decade, asteroid mining (or more commonly, space mining) has been a big hot topic for a lot companies and organizations; there were a few big start-ups that were solely designed around it as a way to transition heavy industry from Earth to outer space. NASA even funded asteroid-mining research and the Colorado School of Mines offered an asteroid-mining degree program for a period of time. Unfortunately or fortunately (depending on your outlook), the hype has somewhat died down because many of those start-ups failed to deliver on their promises and it’s been getting a very mixed reaction in the political realm.

As far as $10,000 quadrillion vs. $10 quintillion, my guess is that the former gets more clicks than the later because people are easier to attract with multiple zeroes, but too many may be intimidating? It’s fairly redundant though because they wouldn’t be able to mine most of the asteroid, the estimate isn’t an exact approximation, and chances are if they were able to mine even a reasonable amount of it, it would completely saturate the market to diminish it’s value on first introduction.

PS: The environmental impact is an important consideration of this endeavor, but unfortunately because no company has really developed a legitimate plan or strategy for actually pursuing this endeavor, it currently has no basis other than environmental scientists making assumptions, which may or may not prove to be true.

We’re putting cash values on asteroids now

(Also: why would you say $10,000 quadrillion. That’s $10 quintillion. Weirdo)

[priyanka16me]

Palladium Market is Expected to Expand at an Impressive Rate by 2026

Palladium Market: Overview

Palladium is a chemical element named after asteroid Pallas. It is denoted with atomic number 46 and symbol ‘Pd.’ Palladium is lustrous silvery white metal and is rarely found. It is assigned with platinum group of metals (PGMs), as they all have uniform chemical properties. The platinum group of metals consists of palladium, ruthenium, rhodium, platinum, osmium, and iridium. However, palladium is the least dense and has the lowest melting point among these. It is extremely ductile and can be easily worked. It does not lose luster when exposed to air or moisture at ordinary temperatures.

Palladium is alloyed with gold in small amounts to produce white gold. Palladium and its alloys serve as a replacement for platinum in jewelry and electrical contacts. Palladium is widely used in automobile catalytic converters. Catalytic converter is a device that converts pollutant and toxic gases from internal combustion engine to less toxic gases.

Palladium is one of the platinum metals which are found in plenty. It is present in the earth’s crust. In mining, palladium can be obtained from deposits alloyed with platinum and gold. Commercially, it is produced as a by-product in refining of nickel and copper ores. It is also found in the residue of nuclear fission or as nuclear waste. Palladium, ruthenium, and rhodium are the three lighter platinum group metals formed as products in nuclear reactors. Recycling is also one of the sources of palladium, largely from scrapped catalytic converters of automobiles.

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Palladium Market: Key Segments

The global palladium market can be segmented based on end-use and region. Based on end-use, the palladium market can be divided into chemicals, oil& gas, electronics, automotive, and others. In chemicals, palladium is used as a homogeneous catalyst for highly selective chemical transformations. Large numbers of carbon-carbon bonding reactions are carried out with the help of palladium compound catalyst. Palladium helps accelerate heterogeneous catalytic processes such as dehydrogenation, hydrogenation, and petroleum cracking in the oil & gas industry.

Electronics is anticipated to be a key end-use segment of the palladium market. Palladium is used in multilayer ceramic capacitors, which consist of palladium electrode found in laptops, computers, and mobile phones. Palladium is employed in connector and component plating in consumer electronics. It is extensively used in catalytic converters in automotive. Other end-use applications include jewelry, dentistry, and photography. Palladium is used as valued metal in jewelry as a substitute to platinum. Nowadays, palladium is used as principal metal in jewelry due to the rise in price of platinum and gold. In dentistry, palladium is employed in a few alloys of dental amalgam to increase metallic luster and decrease corrosion.

Palladium Market: Regional Outlook

In terms of region, the global palladium market can be segregated into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America is projected to lead the global palladium market during the forecast period. It is anticipated to be followed by Europe. The palladium market in Asia Pacific is estimated to expand at a rapid pace during the forecast period. Latin America and Middle East & Africa are projected to account for moderate share of the market during the forecast period.

Palladium Market: Key Players

Key players operating in the global palladium market are Norilsk Nickel, Anglo American, Implats Platinum Limited, Lonmin Plc, Sibanye-Stillwater, Vale, Aquarius Platinum, North American Palladium Ltd., Northam Platinum Limited, New Gold Inc., and Aberdeen International Inc.

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Tencent Is The First Chinese Tech Firm Valued Over $500B

Tencent has become the first ever Chinese firm to be valued over $500 billion. The shares of 19 years old company were registered in the Hong Kong Stock Exchange; it revived to stand HK $418,80 to open it a market cap of HK$3,99 trillion which now exceeds past the $500B mark. Close competitors, Alibaba takes the second position of the highest valued company, is valued at $474 billion. Entrance to the half-trillion dollar club which incorporates Facebook, Apple, Microsoft, Alphabet and the Amazon comes just one week after Tencent firm posted to have made a profit of 18B RMB (equivalent to $2.7B) on taxation of 65.2 billion RMB (that is equivalent to $ 9.8 B) for the Q3 in the year 2017.The general profits increased up to 69% which is year on year and the tax increased by 61%; credits be to the Tencent games Company. As pointed out by the south china morning post (SMCP) a total of $9000 capital in the firm in the year 2004 initial public offering would be currently be valued US$1 million. Taking a look at the previous 12 months alone, Tencent share cost has doubled, thanks are to notable earnings statements like Q3. It has been observed that Tencent market cap has increased more than triple as from March in the year 2104 where it obtained $150 billion, thus outdoing Intel.The Wall street journal wrote then that the firm is not still a member name in the United States, But it is supposed to be and this even applies to date. WeChat is a messaging application that is usually China's topmost social service, is terminating in 1 billion users of the service overall but despite they have failed to record such success overseas Tencent has therefore directed their focus on investing into worldwide positions. It is a profitable gaming investment which focuses on personal computer, mobile and it has become the heartbeat of the revenue, Having made $5 billion in the immediate quarter alone, gratitude be to the smash hits like honor of kings, 2017s topmost grossing game and the takeover of the companies which has contributed to hit games the Clash of Clans (commonly known as Supercell) and also league of legends (the riot games). Tencent focus on the investments has seemed to have gone into overdrive from the year 2016. It has made purchased stakes in the public companies such as Snap, Tesla, Indian origin unicorns Flipkart, messaging application Hike, the health portal of Prato and Uber competitor Ola.Another previous stage ventures include lunar drones, flying cars, and the asteroid mining, while the long-lasting investments such as Sogou and the China Literature have enjoyed publicity over the previous months. In case the recent Tesla and Snap dealings are things to by Tencent is more likely to allocate significant resources to develop a foundation among United States technology companies. It doesn’t only believe in learning their skills to increase it business in China, but also it has possibilities to make additional fresh outlook too, especially throughout the messaging or WeChat. Read the full article

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global asteroid mining market accrued a sum of $712 million in 2017 and is likely to reach $3,868.9 million by 2025, growing at a CAGR of 24.4% from 2018 to 2025.