
Mining Automation Market Size, Share, and Analysis, By Solution (Equipment Automation, Software Automation, Communication System, and Others), By Application (Metal Mining, Mineral Mining, and Others), By Workflow (Mine Development, Mining Process, Mine M
Description
Mining Automation Market Size, Share, and Analysis, By Solution (Equipment Automation, Software Automation, Communication System, and Others), By Application (Metal Mining, Mineral Mining, and Others), By Workflow (Mine Development, Mining Process, Mine Maintenance, and Others), and By Region (North America, Europe, Asia-Pacific, And Rest of the World) And Regional Forecast 2023-2032
PRODUCT OVERVIEW
Mining Automation Market is anticipated to grow at a CAGR of 6.8% in the forecast period (2023-2032), with the market size valued at USD 4.06 billion in 2022 and projected to reach USD 7.8 billion by 2032.
Mining automation refers to use of advanced technologies to automate various aspects of mining operations. It enhances the safety, efficiency, and productivity by using autonomous vehicles and evaluating real-time data to simplify business operations. Mining automation reduces human exposure to hazardous conditions and minimizes the risk of accidents and injuries. It improves resource extraction by using modern sensors and AI algorithms which makes the process economical and beneficial for the environment. Additionally, mining automation enables continuous monitoring and remote management of operations to ensure an efficient workflow. This represents a significant breakthrough in the mining industry in terms of safety, revenue, and sustainability.
MARKET HIGHLIGHTS
Mining Automation Market is expected to reach USD 7.8 billion, growing at a CAGR of 6.8% during the forecast period owing to the growing emphasis on operational efficiency and cost-effectiveness across mining industry. Mining automation is transforming the mining sector by integrating modern technologies and several organizations are utilizing these technologies to boost their safety and efficacy. These developments aim to enhance extraction methods, automate mining procedures, and reduce human risk in hazardous environments. The automation promotes sustainable mining practices and plays a critical role in transforming the global mining industry toward increased efficiency and profitability. The global mining automation market will continue to expand as companies acknowledge its benefits and potential.
Mining Automation Market Segments:
- By Solution
- Equipment Automation
- Software Automation
- Communication System
- Others
- By Application
- Metal Mining
- Mineral Mining
- Others
- By Workflow
- Mine Development
- Mining Process
- Mine Maintenance
- Others
Growth Drivers
Increasing Demand for Operational Efficiency Will Fuel Market Expansion
Safety Enhancements in Mining Industry Will Offer Growth Prospects
Restraint
Initial Capital Expenditure and Operational Changes Could Limit Market Expansion
Key Players
- Caterpillar Inc.
- Komatsu Ltd.
- Sandvik AB
- Hitachi Construction Machinery Co., Ltd.
- ABB Ltd
- Hexagon AB
- Epiroc AB
- Trimble Inc.
- Rockwell Automation, Inc.
- Siemens AG
- Volvo Group
- Schneider Electric SE
- Freeport-McMoRan Inc.
- Rio Tinto Group
- BHP Group Limited
- Other Prominent Players (Company Overview, Business Strategy, Key Product Offerings, Financial Performance, Key Performance Indicators, Risk Analysis, Recent Development, Regional Presence, SWOT Analysis)
- North America Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAG.R – United States and Canada
- Latin America Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – Mexico, Argentina, Brazil and Rest of Latin America
- Europe Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – United Kingdom, France, Germany, Italy, Spain, Belgium, Hungary, Luxembourg, Netherlands, Poland, NORDIC, Russia, Turkey and Rest of Europe
- Asia Pacific Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – India, China, South Korea, Japan, Malaysia, Indonesia, New Zealand, Australia and Rest of APAC
- Middle East and Africa Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – North Africa, Israel, GCC, South Africa and Rest of MENA
- Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors
- Provision of market value (USD Billion) data for each segment and sub-segment
- Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market
- Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region
- Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled
- Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players
- The current as well as the future market outlook of the industry with respect to recent developments which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions
- Includes in-depth analysis of the market of various perspectives through Porter’s five forces analysis
- Provides insight into the market through Value Chain
- Market dynamics scenario, along with growth opportunities of the market in the years to come
- 3-month post-sales analyst support.
Table of Contents
483 Pages
- 1. Executive Summary
- 1.1. Regional Market Share
- 1.2. Business Trends
- 1.3. Mining Automation Market: COVID-19. Outbreak
- 1.4. Regional Trends
- 1.5. Segmentation Snapshot
- 2. Research Methodology
- 2.1. Research Objective
- 2.2. Research Approach
- 2.3. Data Sourcing and Methodology
- 2.4. Primary Research
- 2.5. Secondary Research
- 2.5.1. Paid Sources
- 2.5.2. Public Sources
- 2.6. Market Size Estimation and Data Triangulation
- 3. Market Characteristics
- 3.1. Market Definition
- 3.2. Mining Automation Market: COVID-19. Impact
- 3.3. Key Segmentations
- 3.4. Key Developments
- 3.5. Allied Industry Data
- 4. Mining Automation Market – Industry Insights
- 4.1. Industry Segmentation
- 4.2. COVID-19. overview on world economy
- 4.3. Industry ecosystem Channel analysis
- 4.4. Innovation & Sustainability
- 5. Macroeconomic Indicators
- 6. Recent Developments
- 7. Market Dynamics
- 7.1. Introduction
- 7.2. Growth Drivers
- 7.3. Market Opportunities
- 7.4. Market Restraints
- 7.5. Market Trends
- 8. Risk Analysis
- 9. Market Analysis
- 9.1. Porters Five Forces
- 9.2. PEST Analysis
- 9.2.1. Political
- 9.2.2. Economic
- 9.2.3. Social
- 9.2.4. Technological
- 10. Mining Automation Market
- 10.1. Overview
- 10.2. Historical Analysis (2019-2021)
- 10.2.1. Market Size, Y-o-Y Growth (%) and Market Forecast
- 11. Mining Automation Market Size & Forecast 202. A-203. F
- 11.1. Overview
- 11.2. Key Findings
- 11.3. Market Segmentation
- 11.3.1. By Solution
- 11.3.1.1. Equipment Automation
- 11.3.1.1.1. By Value (USD Million) 2022-203. F
- 11.3.1.1.2. Market Share (%) 2022-203. F
- 11.3.1.1.3. Y-o-Y Growth (%) 2022-203. F
- 11.3.1.2. Software Automation
- 11.3.1.2.1. By Value (USD Million) 2022-203. F
- 11.3.1.2.2. Market Share (%) 2022-203. F
- 11.3.1.2.3. Y-o-Y Growth (%) 2022-203. F
- 11.3.1.3. Communication System
- 11.3.1.3.1. By Value (USD Million) 2022-203. F
- 11.3.1.3.2. Market Share (%) 2022-203. F
- 11.3.1.3.3. Y-o-Y Growth (%) 2022-203. F
- 11.3.1.4. Others
- 11.3.1.4.1. By Value (USD Million) 2022-203. F
- 11.3.1.4.2. Market Share (%) 2022-203. F
- 11.3.1.4.3. Y-o-Y Growth (%) 2022-203. F
- 11.3.2. By Application
- 11.3.2.1. Metal Mining
- 11.3.2.1.1. By Value (USD Million) 2022-203. F
- 11.3.2.1.2. Market Share (%) 2022-203. F
- 11.3.2.1.3. Y-o-Y Growth (%) 2022-203. F
- 11.3.2.2. Mineral Mining
- 11.3.2.2.1. By Value (USD Million) 2022-203. F
- 11.3.2.2.2. Market Share (%) 2022-203. F
- 11.3.2.2.3. Y-o-Y Growth (%) 2022-203. F
- 11.3.2.3. Others
- 11.3.2.3.1. By Value (USD Million) 2022-203. F
- 11.3.2.3.2. Market Share (%) 2022-203. F
- 11.3.2.3.3. Y-o-Y Growth (%) 2022-203. F
- 11.3.3. By Workflow
- 11.3.3.1. Mine Development
- 11.3.3.1.1. By Value (USD Million) 2022-203. F
- 11.3.3.1.2. Market Share (%) 2022-203. F
- 11.3.3.1.3. Y-o-Y Growth (%) 2022-203. F
- 11.3.3.2. Mining Process
- 11.3.3.2.1. By Value (USD Million) 2022-203. F
- 11.3.3.2.2. Market Share (%) 2022-203. F
- 11.3.3.2.3. Y-o-Y Growth (%) 2022-203. F
- 11.3.3.3. Mine Maintenance
- 11.3.3.3.1. By Value (USD Million) 2022-203. F
- 11.3.3.3.2. Market Share (%) 2022-203. F
- 11.3.3.3.3. Y-o-Y Growth (%) 2022-203. F
- 11.3.3.4. Others
- 11.3.3.4.1. By Value (USD Million) 2022-203. F
- 11.3.3.4.2. Market Share (%) 2022-203. F
- 11.3.3.4.3. Y-o-Y Growth (%) 2022-203. F
- 12. North America Mining Automation Market Size & Forecast 202. A-203. F
- 12.1. Overview
- 12.2. Key Findings
- 12.3. Market Segmentation
- 12.3.1. By Solution
- 12.3.2. By Application
- 12.3.3. By Workflow
- 12.4. Country
- 12.4.1. United States
- 12.4.2. Canada
- 13. Europe Mining Automation Market Size & Forecast 202. A-203. F
- 13.1. Overview
- 13.2. Key Findings
- 13.3. Market Segmentation
- 13.3.1. By Solution
- 13.3.2. By Application
- 13.3.3. By Workflow
- 13.4. Country
- 13.4.1. Germany
- 13.4.2. United Kingdom
- 13.4.3. France
- 13.4.4. Italy
- 13.4.5. Spain
- 13.4.6. Russia
- 13.4.7. Rest of Europe (BENELUX, NORDIC, Hungary, Turkey & Poland)
- 14. Asia-Pacific Mining Automation Market Size & Forecast 202. A-203. F
- 14.1. Overview
- 14.2. Key Findings
- 14.3. Market Segmentation
- 14.3.1. By Solution
- 14.3.2. By Application
- 14.3.3. By Workflow
- 14.4. Country
- 14.4.1. India
- 14.4.2. China
- 14.4.3. South Korea
- 14.4.4. Japan
- 14.4.5. Rest of APAC
- 15. Middle East and Africa Mining Automation Market Size & Forecast 202. A-203. F
- 15.1. Overview
- 15.2. Key Findings
- 15.3. Market Segmentation
- 15.3.1. By Solution
- 15.3.2. By Application
- 15.3.3. By Workflow
- 15.4. Country
- 15.4.1. Israel
- 15.4.2. GCC
- 15.4.3. North Africa
- 15.4.4. South Africa
- 15.4.5. Rest of Middle East and Africa
- 16. Latin America Mining Automation Market Size & Forecast 202. A-203. F
- 16.1. Overview
- 16.2. Key Findings
- 16.3. Market Segmentation
- 16.3.1. By Solution
- 16.3.2. By Application
- 16.3.3. By Workflow
- 16.4. Country
- 16.4.1. Mexico
- 16.4.2. Brazil
- 16.4.3. Rest of Latin America
- 17. Competitive Landscape
- 17.1. Company market share, 2021
- 17.2. Key player overview
- 17.3. Key stakeholders
- 18. Company Profiles
- 18.1. Caterpillar Inc.
- 18.1.1. Company Overview
- 18.1.2. Financial Overview
- 18.1.3. Key Product; Analysis
- 18.1.4. Company Assessment
- 18.1.4.1. Product Portfolio
- 18.1.4.2. Key Clients
- 18.1.4.3. Market Share
- 18.1.4.4. Recent News & Development (Last 3. Yrs.)
- 18.1.4.5. Executive Team
- 18.2. Komatsu Ltd.
- 18.3. Sandvik AB
- 18.4. Hitachi Construction Machinery Co., Ltd.
- 18.5. ABB Ltd
- 18.6. Hexagon AB
- 18.7. Epiroc AB
- 18.8. Trimble Inc.
- 18.9. Rockwell Automation, Inc.
- 18.10. Siemens AG
- 18.11. Volvo Group
- 18.12. Schneider Electric SE
- 18.13. Freeport-McMoRan Inc.
- 18.14. Rio Tinto Group
- 18.15. BHP Group Limited
- 18.16. Other Prominent Players
- 19. Appendix
- 20. Consultant Recommendation
Pricing
Currency Rates
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