Report Id: IMMAM319
Mining Automation Market by Technique, Type (Equipment, Software, Communications System), Equipment (Autonomous Hauling/Mining Trucks, Autonomous Drilling Rigs, Underground LHD Loaders, Tunneling Equipment), By Region Analysis - Global Forecast 2022-2027
The Mining Automation Market is expected to be around US$ 4 Billion by 2027 at a CAGR of 7.1% in the given forecast period.
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Major Players
- Atlas Copco
- Komatsu
- Caterpillar
- Hexagon
- Sandvik
Study period:
Fastest Growing Market:
2022-2027
APAC
Base Year:
Largest Market:
2021
North America
CAGR:
7
REPORT DESCRIPTION
The Mining Automation Market is expected to be around US$ 4 Billion by 2027 at a CAGR of 7.1% in the given forecast period. Mining automation involves use of process and software automation, and incorporation of robotic technology in mining vehicles and automation. Mining automation involves extracting ores, minerals, or other resources using technology and information. The process is undertaken to ensure, better efficiency, productivity, safety, and reduction in operating cost at the mine site. It involves removal of human labor from the mining process.
Key factors such as rise in concerns for miner safety, increase in productivity of the mining activity through automation, controlled costs such as elimination of high labor cost and time, and emergence of mining automation software drive the demand for mining automation. However, depletion of natural resources restrains the market growth. Most of the manual tasks, involving entry level mining positions, have been taken over by mining automation, leading to loss of job opportunities for unskilled laborers, which impedes the market growth. Similarly, increase in transition of consumers toward automation fuels the growth.
Global Mining Automation Market is segmented based on the technique as Surface Mining Technique, Underground Mining Technique. Based on type it covers Equipment, Software, Communications systems. The report segments global Mining Automation Market based on Workflow as Mine development, Mining process, Mine maintenance. Global Mining Automation Market report covers various regions including North America, Europe, Asia Pacific, and Rest of World. The regional Mining Automation Market is further bifurcated for major countries including U.S., Canada, Germany, UK, France, Italy, China, India, Japan, Brazil, South Africa and others.
Competitive Rivalry
Global Mining Automation Market share consists of several players including Atlas Copco (Sweden), Caterpillar (US), Hexagon (Sweden), Komatsu (Japan), Sandvik (Sweden), Autonomous Solutions Inc. (US), Hitachi (Japan), RPMGlobal Australia), Trimble (US), Fluidmesh Metworks (US), Mine Site Technologies (Australia), and Symboticware (Canada).
The Mining Automation Market has been segmented as below:
Mining Automation Market, By Technique
- Surface Mining Technique
- Underground Mining Technique
Mining Automation Market, By Type
- Equipment
- Software
- Communications systems
Mining Automation Market, By Workflow
- Mine development
- Mining process
- Mine maintenance
Mining Automation Market, By Region
- North America
- Europe
- Asia Pacific
- Rest of World
The report covers:
- Global Mining Automation Market estimates & forecast from 2018 to 2027, along with CAGR for 2022-2027.
- Comparative market size analysis for 2020 vs 2027 with actual data for 2021, estimates for 2022 and forecast from 2022 to 2027
- Global Mining Automation Market trends, with detailed analysis on consumer trends & manufacturer trends
- Overview on supply analysis covering trends across raw material suppliers, technology providers and distributors
- Key areas of investments identifying market opportunities and challenges in forecast timeframe
- Competitive analysis of the industry players along with the overview on strategic management
- Comprehensive company profiles of the major industry players
Report scope:
The global Mining Automation Market report covers detailed study with the underlying influencing factors for the variations in the industry growth trends.
The report scope includes market analysis on regional as well as country level. The report also provides competitive landscape covering company market shares with detailed profiling for major revenue contributing companies.
The report covers a detailed competitive outlook including the market share and company profiles of the key participants operating in the global market. Key players profiled in the report include Atlas Copco (Sweden), Caterpillar (US), Hexagon (Sweden), Komatsu (Japan), Sandvik (Sweden), Autonomous Solutions Inc. (US), Hitachi (Japan), RPMGlobal Australia), Trimble (US), Fluidmesh Metworks (US), Mine Site Technologies (Australia), and Symboticware (Canada).
Reasons to Buy this Report:
- Gain comprehensive insights on the industry trends
- Identify industry opportunities and key growth segments
- Obtain complete market study on the Mining Automation Market
- Facilitate strategy planning for your company based on the industry dynamics
- Evaluate your competitor’s business segments and portfolios
Customization:
Customized report as per the requirement can be offered with appropriate recommendations
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1. Introduction
1.1. Key Points
1.2. Report Description
1.3. Markets Covered
1.4. Stakeholders
2. Research Methodology
2.1. Research Scope
2.2. Research Methodology
2.2.1. Market Research Process
2.2.2. Research Methodology
2.2.2.1. Secondary Research
2.2.2.2. Primary Research
2.2.2.3. Models for Estimation
2.3. Market Size Estimation
2.3.1. Bottom-Up Approach
2.3.2. Top-Down Approach
3. Executive Summary
4. Market Overview
4.1. Introduction
4.2. Drivers
4.2.1. Increasing Need for Worker Safety
4.2.2. Growing Requirement for Improving Productivity
4.2.3. Reduction in Operating Costs
4.3. Restraints
4.3.1. Depletion of Natural Resources
4.4. Opportunities
4.4.1. Growing Digitization in Mining Operations
4.4.2. Evolution of Smart Connected Mines
4.5. Challenges
4.5.1. Integrating Information Technology with Operational Technology
4.5.2. Lack of Skilled Personnel to Operate Automated Mining Equipment
5. Mining Automation Market, By Technique
5.1. Key Points
5.2. Surface Mining Technique
5.3. Underground Mining Technique
6. Mining Automation Market, By Type
6.1. Key Points
6.2. Equipment
6.3. Software
6.4. Communications systems
7. Mining Automation Market, By Workflow
7.1. Key Points
7.2. Mine development
7.3. Mining process
7.4. Mine maintenance
8. Competitive Landscape
8.1. Introduction
8.2. Recent Developments
8.2.1. Mergers & Acquisitions
8.2.2. New Product Developments
8.2.3. Portfolio/Production Capacity Expansions
8.2.4. Joint Ventures, Collaborations, Partnerships & Agreements
8.2.5. Others
9. Company Profile
9.1. Caterpillar
9.1.1. Company Overview
9.1.2. Product/Service Landscape
9.1.3. Financial Overview
9.1.4. Recent Developments
9.2. Komatsu
9.2.1. Company Overview
9.2.2. Product/Service Landscape
9.2.3. Financial Overview
9.2.4. Recent Developments
9.3. Sandvik Atlas
9.3.1. Company Overview
9.3.2. Product/Service Landscape
9.3.3. Financial Overview
9.3.4. Recent Developments
9.4. Copco
9.4.1. Company Overview
9.4.2. Product/Service Landscape
9.4.3. Financial Overview
9.4.4. Recent Developments
9.5. Hexagon
9.5.1. Company Overview
9.5.2. Product/Service Landscape
9.5.3. Financial Overview
9.5.4. Recent Developments
9.6. Hitachi
9.6.1. Company Overview
9.6.2. Product/Service Landscape
9.6.3. Financial Overview
9.6.4. Recent Developments
9.7. RPMGlobal
9.7.1. Company Overview
9.7.2. Product/Service Landscape
9.7.3. Financial Overview
9.7.4. Recent Developments
9.8. Trimble
9.8.1. Company Overview
9.8.2. Product/Service Landscape
9.8.3. Financial Overview
9.8.4. Recent Developments
9.9. Autonomous Solutions Inc.
9.9.1. Company Overview
9.9.2. Product/Service Landscape
9.9.3. Financial Overview
9.9.4. Recent Developments
9.10. Fluidmesh Networks
9.10.1. Company Overview
9.10.2. Product/Service Landscape
9.10.3. Financial Overview
9.10.4. Recent Developments
9.11. MST Global
9.11.1. Company Overview
9.11.2. Product/Service Landscape
9.11.3. Financial Overview
9.11.4. Recent Developments
9.12. Symboticware
9.12.1. Company Overview
9.12.2. Product/Service Landscape
9.12.3. Financial Overview
9.12.4. Recent Developments
9.13. Key Innovators
9.13.1. Company Overview
9.13.2. Product/Service Landscape
9.13.3. Financial Overview
9.13.4. Recent Developments
The Mining Automation Market has been segmented as below:
Mining Automation Market, By Technique
- Surface Mining Technique
- Underground Mining Technique
Mining Automation Market, By Type
- Equipment
- Software
- Communications systems
Mining Automation Market, By Workflow
- Mine development
- Mining process
- Mine maintenance
Mining Automation Market, By Region
- North America
- Europe
- Asia Pacific
- Rest of World
Got a question? We've got answers. If you have some other questions, see our support center.
What is the predicted growth rate of Mining Automation Market?
The market is expected to grow at a CAGR of 7.1% during the study period (2022-2027)
How big is the Mining Automation Market value?
The Mining Automation Market is expected to be around US$ 4 Billion by 2027
What is the segment’s covered for the Mining Automation Market?
The segment included in Mining Automation Market is Technique, Type, Workflow, Company and region.
Who are the major key vendors in the Mining Automation Market?
Some key players operating in the Mining Automation Market include Global Mining Automation Market share consists of several players including Atlas Copco (Sweden), Caterpillar (US), Hexagon (Sweden), Komatsu (Japan), Sandvik (Sweden), Autonomous Solutions Inc. (US), Hitachi
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