Global Mining Automation Market, By Technique (Surface Mining Technique, Underground Mining Technique), Workflow (Mine Development, Mining Process, Mine Maintenance), Type (Equipment, Software, Communications System), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2028
Market Analysis and Insights : Global Mining Automation Market
Mining automation market is expected to reach USD 8.56 billion by 2028 witnessing market growth at a rate of 8.20% in the forecast period of 2021 to 2028. Data Bridge Market Research report on mining automation market provides analysis and insights regarding the various factors expected to be prevalent throughout the forecast period while providing their impacts on the market’s growth.
Mining automation includes the use of automation of processes and software, and the introduction of robotic technology into mining and automation vehicles. Mining automation includes using technology and knowledge to harvest ores, minerals, or other resources. The procedure is carried out to ensure increased performance, productivity, protection and operating costs at the mine site are reduced. It requires eliminating human labour from the method of mining.
Increasing need for worker safety, rising concern for mine and labour safety, introduction of technologically advanced equipment, increase in productivity of the mining activity through automation, increasing digitization in mining industry for different mining operations, rapid transition towards automation by mining industry, rising need for better productivity, fall in operating costs by using automation and development of smart mines are some of the major as well as vital factors which will likely to augment the growth of the mining automation market in the projected timeframe of 2021-2028. On the other hand, surging levels of investment in research and development activities along with improved vehicle utilization and increased productivity which will further contribute by generating massive opportunities that will lead to the growth of the mining automation market in the above mentioned projected timeframe.
Depletion of natural resources along with lack of skilled personnel to operate automated mining equipment which will likely to act as market restraints factor for the growth of the mining automation in the above mentioned projected timeframe. Integrating information technology with operational technology which will become the biggest and foremost challenge for the growth of the market.
This mining automation market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on mining automation market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Mining Automation Market Scope and Market Size
Mining automation market is segmented on the basis of technique, workflow and type. The growth among segments helps you analyse niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- Mining automation market on the basis of technique has been segmented as surface mining technique, and underground mining technique.
- Based on workflow, the mining automation market has been segmented into mine development, mining process, and mine maintenance. Mine development has been further segmented into tunnel boring, construction of access roads, and site preparation and clearing. Mining process has been further segmented into autonomous haulage, and automated drilling. Mine maintenance has been further segmented into Hvac, and mine dewatering.
- On the basis of type, the mining automation market has been segmented into equipment, software, and communications system. Equipment has been further segmented into autonomous hauling/mining truck, autonomous drilling rig, underground LHD loader, tunnelling equipment, smart ventilations system, pumping stations, and others. Others have been further sub segmented into hybrid shovels, and total stations. Software has been further segmented into workforce management, proximity detection and collision avoidance system, air quality and temperature monitoring system, fleet management, remote operating and monitoring, data management, and others. Others have been further sub segmented into asset tracking solution, and payload monitoring. Communications system has been further segmented into wireless mesh networks, navigation system, and radio-frequency identification (RFID) tag.
Mining Automation Market Country Level Analysis
Mining automation market is analysed and market size, volume information is provided by country, technique, workflow and type as referenced above.
The countries covered in the mining automation market report are U.S., Canada and Mexico in North America, Brazil, Argentina and Rest of South America as part of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA).
Asia-Pacific will dominate the mining automation market due to the increasing adoption of automation technology along with rising use of robots and remote-controlled equipment for safe and efficient extraction of minerals in the region while North America region will expect to grow in the forecast period of 2021-2028 due to the availability of essential mined commodities including zinc, lead, and nickel along with prevalence of favourable government policies in the region.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Mining Automation Market Share Analysis
Mining automation market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, regional presence, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to mining automation market.
The major players covered in the mining automation market report are Caterpillar.; Komatsu Mining Corp; Sandvik AB; Epiroc Middle East FZE; HEXAGON; Hitachi Construction Machinery Co., Ltd.; RPMGlobal Holdings Limited (RPMGlobal); Trimble Inc.; Autonomous Solutions Inc.; Fluidmesh Networks LLC.; MST; SYMBOTICWARE INC.; AB Volvo; RCT; Micromine.; Rio Tinto; Rockwell Automation, Inc.; Siemens; ABB; Yokogawa Electric Corporation; among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
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