Market Research Logo

Technology Investment Priorities in Mining in North America, 2015

Technology Investment Priorities in Mining in North America, 2015

Synopsis

This report provides a detailed analysis of investment intentions in 12 areas of technology in the North American mining sector. The analysis is based upon Timetric’s survey of 101 mine managers, procurement managers and other key decision-makers, and focuses in particular on mine-management and vehicle-related technologies.Areas of analysis include:

  • Mining companies’ priorities for investments in the coming two years, across 12 mine-site technologies including collision avoidance, fatigue management, real time video training, remote control/machine automation, and fleet management to name a few, with separate analyses for mine-management technologies and vehicle-related technologies.
  • Comparisons of investment intentions across segments, including four commodity groups, mine type and company revenue (as measured by global annual revenues).
  • Comparisons highlighting differences between current and prospective investments across Canada and North America.
  • Specific insight into the potential for autonomous vehicles and expectations for investment over the next ten years.
Summary

Overall trends in the data revealed:
  • The primary technologies in which respondents plan to increase investments are vehicle-related, specifically collision avoidance, fatigue management, real-time video training, remote control/machine automation, and fleet management.
  • For each of the 12 areas, at least 55% of respondents already have these technologies in place at their sites.
  • 29% of respondents are currently using autonomous vehicles, with a further 6% planning on implementing in less than 2 years.
  • Safety is the leading driver of technology investment, followed by productivity improvements and then cost reduction.
Scope

The report is based on responses from a survey of 101 senior managers at operating mines in Canada and the US, responsible for the purchase of equipment for plant and mine operations, along with its consumables. This included four different commodity groups and a range of surface and underground mining operations. Respondents were asked to outline their current and future intentions for technology investments across 12 areas, which included mine design, mine survey equipment, scheduling and optimization, equipment health monitoring and machine automation. The report outlines the drivers for these investments and outlines safety, productivity and cost cutting needs as influential in decision-making.Reasons To Buy
  • Understand what factors most influence technology investment, and how this varies by commodity group, mine type, company size and country.
  • Target the segments with the greatest opportunity for technology products and services.
  • Segment the market according to those fully invested, those partially invested and those not considering investment in each technology.
Key Highlights
  • The primary technologies in which respondents plan to increase investments are vehicle-related software, which includes collision avoidance, fatigue management, real-time video training, remote control/machine automation, and fleet management.
  • For each of the 12 areas of technology, at least 55% of respondents already have these technologies in place at their sites.
  • Some 29% of respondents are currently using autonomous vehicles, with 6% planning on implementing the vehicles in the next two years.
  • Safety is the leading driver of technology investments, followed by productivity improvements and cost reduction.


  • EXECUTIVE SUMMARY
  • TECHNOLOGY INVESTMENT INTENTIONS IN NORTH AMERICA
    • Benchmarking Investment Intentions across 12 Technologies
  • TECHNOLOGY INVESTMENT INTENTIONS FOR MINE MANAGEMENT
    • Technology Investments in Mine Management Tools
    • Mine Management Technology Investment by Mine Type
    • Mine Management Technology Investment by Commodity
    • Mine Management Technology Investment by Company Size
    • Mine Management Technology Investment by Country
  • TECHNOLOGY INVESTMENT INTENTIONS FOR VEHICLES
    • Overview of Vehicle-Related Technologies Investments and Intentions
    • Vehicle-Related Technology Investments by Mine Type
    • Vehicle-Related Technology Investments by Company Size
    • Vehicle-Related Technology Investments by Commodity
    • Vehicle-Related Technology Investments – Remote Control and Machine Automation
    • Automation in Mining Equipment and Autonomous Vehicles
  • SAFETY IS THE KEY DRIVER OF TECHNOLOGY INVESTMENT
  • RECOMMENDATIONS
  • APPENDIX I
    • Selected Data Tables
      • Table Respondent Intentions to Invest in 12 Mine-Site Technologies (%), 2015
      • Table Top Areas for Future Technology Investments (%), 2015
      • Table Mine Management Technology Investment Intentions (%), 2015
      • Table Intended Mine Management Technology Investment by Mine Type (%), 2015
      • Table Intended Mine Management Technology Investment by Commodity (%), 2015
      • Table Intended Mine Management Technology Investment by Company Size (%), 2015
      • Table Mine Management Technology Already in Place by Country (%), 2015
      • Table Vehicle-Related Technology Investments and Intentions (%), 2015
      • Table Intended Vehicle-Related Technology Investment by Mine Type (%), 2015
      • Table Intended Vehicle-Related Technology Investment by Company Size (%), 2015
      • Table Intended Vehicle-Related Technology Investment by Commodity (%), 2015
      • Table Respondent Plans for Using Autonomous Vehicles On-Site by Mine Type (%), 2015
      • Table Respondent Plans for Using Autonomous Vehicles On-Site by Commodity (%), 2015
      • Table Ranking of Dominant Drivers of Technology (%), 2015
      • Table Ranking of Dominant Drivers of Technology by Commodity (%), 2015
      • Table Ranking of Dominant Drivers of Technology by Country (%), 2015
  • APPENDIX II
    • Survey Background
    • Analysis of the Survey Sample
  • APPENDIX III
    • What is This Report About?
    • Methodology
    • Contact Timetric
    • About Timetric
    • Disclaimer

Download our eBook: How to Succeed Using Market Research

Learn how to effectively navigate the market research process to help guide your organization on the journey to success.

Download eBook

Share this report