“The US government modernized US commercial space legislation with the passage of the Spurring Private Aerospace Competitiveness and Entrepreneurship (SPACE) Act of 2015 (also called as Commercial Space Launch Competitiveness Act) in November 2015.“ This law clearly allows US citizens to involve in the commercial survey and exploitation of space resources, including water and minerals. Research activities based on space mining are mainly reinforced by NASA. NASA has announced many programs for numerous mining asteroid missions, which can collect the data from an asteroid and usage it for further mining method.

According to the report, High Adoption of 3D Printing Technology is one of the primary growth factors for the market. Ongoing and Impending Space Mining Missions is also expected to contribute significantly to the Asteroid Mining market. Overall, Construction applications of Asteroid Mining, and the growing awareness of them, is what makes this segment of the industry important to its overall growth. The Phase, such as Spacecraft Design, is boosting the Asteroid Mining market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.The Asteroid Type, such as Type C, is boosting the Asteroid Mining market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.

New technologies and major shifts in the industry will be game-changing factors that all players have to react now in order to maintain strong positions in the future. As many industry experts agree that significant changes are ahead. AMA’s Analyst on the Global Asteroid Mining market identified that the demand is rising in many different parts of the world as "Huge Adoption of In-Situ Resource Utilization (ISRU) Practice in Space Exploration". Furthermore, some recent industry insights like "In August 2022, two space technology companies, Helios and Eta Space, have joined forces to solve the oxygen problem in space. If humanity is to have a sustainable existence beyond Earth, reusable methane-fueled rocket systems will need liquid oxygen at a 1:4 ratio, so the only cost-effective solution to refueling in orbit is to generate and store oxygen on the moon. . from Mars." which is constantly making the industry very dynamic.

The report provides an in-depth analysis and forecast about the industry covering the following key features:
o Industry outlook including current and future market trends, drivers, restraints, and emerging technologies
o Analyses the Global Asteroid Mining market according to Type, Application, and regions
o Analyzes the top 10 players in terms of market reach, business strategy, and business focus
o Provides stakeholders’ insights and key drivers & trends of the market

**The market is valued based on weighted average selling price (WASP) and includes any applicable taxes on manufacturers. All currency conversions used in the creation of this report have been calculated using constant annual average 2022 currency rates.

Market Size Estimation
In market engineering method, both top-down and bottom-up approaches have been used, along with various data triangulation process, to predict and validate the market size of the Asteroid Mining market and other related sub-markets covered in the study.

o Key & emerging players in the market have been observed through secondary research.
o The industry’s supply chain and overall market size, in terms of value, have been derived through primary and secondary research processes.
o All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources.

Data Triangulation
The overall Asteroid Mining market size is calculated using market estimation process, the Asteroid Mining market was further split into various segments and sub-segments. To complete the overall market engineering and arriving at the exact statistics for all segments and sub-segments, the market breakdown and data triangulation procedures have been utilized, wherever applicable. The data have been triangulated by studying various influencing factors and trends identified from both demand and supply sides of various applications involved in the study. Along with this, the Global Asteroid Mining market size has been validated using both top-down and bottom-up approaches.