"Actionable Insights to Fuel Your Growth"

Smart Mining Market Size, Share and Global Trend By Type (Surface Mining, Underground Mining), By Component (Automated Equipment, Hardware, Software, Services) and Geography Forecast till 2023-2030

Region : Global | Report ID: FBI100246 | Status : Ongoing

 

KEY MARKET INSIGHTS

The global smart mining market size to grow exponentially, during 202-2030 forecast period. The technologies used in smart mining such as the Internet of Things (IoT) and automation offers a profitable, efficient, and safe results along with smart control over mining activities. Digital transformation is reality and mining are going through one of the most intense periods of change.


Technology is radically transforming mining for better productivity, safety, and sustainability. Mining companies across the world are adopting automation technology to modernize their operation in order to gain more control and real-time data. With global demand for an array of natural resources persistently increasing, mining companies must implement smart technology to unearth and distribute these commodities around the world. Smart mining plays a key role which involves a specific, measurable, attainable, realistic, and timely process for the sustainable growth of the mining industry. Companies that embrace smart innovation not only nimble and profitable but also improve decision-making ability, empower employees and build an ecosystem that is healthy, safe and environment-friendly. Consequently, automation increase the overall productivity and efficiency that manoeuvre smart mining growth.


Smart Mining Market can be segmented on the basis of Type i.e. Surface Mining and Underground Mining. Automated equipment avoid unnecessary man hours by implying excavators, load haul dump, drill and, breakers, etc. for removing minerals overlying in soil and rock. Underground mining carried out to recover valuable metals such as gold, silver, diamond, zinc, nickel, and minerals. For easy and risk-free operation digitalization of mining activities necessary by using hardware and software solution which helps to monitor overall mining with less manual interference. Before mining, geological research and training should be carried out for better explorations and to enhance operational qualities. Thus, it is requisite in mining for empowering and controlling overall mining smart technology inevitably.


To gain extensive insights into the market, Request for Customization


Implementation of automation in mining offers greater control and higher productivity that moves the Smart Mining Market towards higher growth. The advanced technologies used in mining empower employees, promote safety and healthy environment and build a strong socio-economic relation which enhances overall growth of the company. Smart mining is a solution having vibrant advantages which inflate market opportunities and growth.


Automation requires a huge capital investment along with highly qualified personnel which inhibits smart mining growth. The implementation cost of the Internet of Things, Automatic Equipment, Data Analysis, and other automation involves huge capital that hinders the overall growth of smart mining.


KEY PLAYERS COVERED


The highly recognized companies in the smart mining are Rio Tinto, Rockwell Automation, ABB Ltd., Trimble Navigation Ltd., Atlas Copco., Caterpillar Inc., Hitachi Construction Machinery, Komatsu Mining, Cisco Systems Inc., Siemens, Deloitte Intelligent Mining, SAP ERP, Bosch Global, Codelco, and Hitachi and Mining Solution.


SEGMENTATION






















 SEGMENTATION



 DETAILS



By Type



·      Surface Mining


·      Underground Mining



By Component



·      Automated Equipment


            Excavator


            Load haul dump


            Robotic truck


            Drillers and Breakers


            Others


·      Hardware


            Sensors


            RFID Tags


            Intelligent Systems


            Others


·      Software


            Logistics Software


            Data and Operation Management Software


            Connectivity Solutions


            Analytics Solutions


            Remote Management Solutions


            Asset Management Solutions


            Others


·      Services


            Support and Maintenance


            System Integration and Implementation Services


            Automated Training Equipment Services


            Consulting Services



By Geography



·      North America (USA and Canada)


·      Europe (UK, Germany, France, Switzerland, Spain, Russia and Rest of Europe)


·      Asia Pacific (China, India, Australia, Southeast Asia and Rest of Asia Pacific)


·      Latin America (Brazil, Mexico and Rest of Latin America)


·      Middle East & Africa (South Africa, GCC and Rest of Middle East & Africa)



REGIONAL ANALYSIS


The global smart mining market has been segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Mining has been done in North America since colonial time and in the 19th century with new discoveries of minerals causing a rise in number of mining activities. North America is a leading producer of coal, bauxite, iron, copper, and nickel used in the various industrial operation which dominates its economy by providing billions of dollars and millions of jobs throughout the continent. Mining accidents claimed thousands of death in the past century that intensify the companies to adopt smart mining for enhancing its operational capability.


The Asia Pacific is a significant producer of metal ore and metals. It holds the world’s largest coal reserves but distributed in different countries like Australia which is the second largest producer of gold, lead, lithium ore and manganese. Mining conglomerate Rio Tinto have some of the largest mining projects in the bucket. The implementation of automation and digitalization in mining have already upgraded smart mining and has an enormous potential for growth in the forthcoming year.


The mining in Europe has a long tradition and now it is self-sufficient to produce many industrial minerals. Europe is a net exporter to a wide variety of minerals and encouraging sustainable material value chain in terms of social acceptance, environmental soundness and economic viability which stimulate the growth of smart mining. MEA is the top producer of hydrocarbons along with many minerals found in this area such as zinc, nickel, copper, gold, lead, etc. The companies involved in mining activities are employing automation for better control and productivity which seems to be positive for smart mining growth.












Key Industry Developments



· In March 2019, ABB has launched a digital portfolio, AbilityTM MineOptimize, in a bid to optimize all stages in Indian mining sector.


 


· In August 2018, Australian based gold mining company, Resolute Mining, building a world’s first fully automatic underground mine to begin production in South Africa which includes driverless trucks, loaders and drills at the $US223 million.


 


· In July 2018, Hitachi Construction Machinery will provide autonomous haulage system (AHS) to Australia’s largest coal miner, Whitehaven Coal. AHS will empower safety, productivity and life cycle cost management with optimization at mining sites.



  • Ongoing
  • 2022
  • 2019-2021

    CHOOSE LICENSE TYPE

  • $4850
    $5850
    $6850

Personalize this Research

  • Granular Research on Specified Regions or Segments
  • Companies Profiled based on User Requirement
  • Broader Insights Pertaining to a Specific Segment or Region
  • Breaking Down Competitive Landscape as per Your Requirement
  • Other Specific Requirement on Customization
Request Customization Banner

Energy & Power Clients

Itic
Itochu
Caterpillar
Schlumberger
Abb

Client Testimonials

“Kudos to your team. Thank you very much for your support and agility to answer our questions.”

- Europe-based provider of solutions to automate data centre operations.

“We appreciate you and your team taking out time to share the report and data file with us, and we are grateful for the flexibility provided to modify the document as per request. This does help us in our business decision making. We would be pleased to work with you again, and hope to continue our business relationship long into the future.”

- India-based manufacturer of industrial and specialty intermediates with a strong global presence.

“I want to first congratulate you on the great work done on the Medical Platforms project. Thank you so much for all your efforts.”

- One of the largest cosmetics company in the world.

“Thank you very much. I really appreciate the work your team has done. I feel very comfortable recommending your services to some of the other startups that I’m working with, and will likely establish a good long partnership with you.”

- U.S. based startup operating in the cultivated meat market.

“We received the below report on the U.S. market from you. We were very satisfied with the report.”

- UGlobal hearing aids manufacturer.

“I just finished my first pass-through of the report. Great work! Thank you!”

- U.S. based solar racking solutions provider.

“Thanks again for the great work on our last partnership. We are ramping up a new project to understand the imaging and imaging service and distribution market in the U.S.”

- World’s leading advisory firm.

“We feel positive about the results. Based on the presented results, we will do strategic review of this new information and might commission a detailed study on some of the modules included in the report after end of the year. Overall we are very satisfied and please pass on the praise to the team. Thank you for the co-operation!”

- Germany based machine construction company.

“Thank you very much for the very good report. I have another requirement on cutting tools, paper crafts and decorative items.”

- Japanese manufacturing company of stationery products.

“We are happy with the professionalism of your in-house research team as well as the quality of your research reports. Looking forward to work together on similar projects”

- One of the Leading Food Companies in Germany

“We appreciate the teamwork and efficiency for such an exhaustive and comprehensive report. The data offered to us was exactly what we were looking for. Thank you!”

- Intuitive Surgical

“I recommend Fortune Business Insights for their honesty and flexibility. Not only that they were very responsive and dealt with all my questions very quickly but they also responded honestly and flexibly to the detailed requests from us in preparing the research report. We value them as a research company worthy of building long-term relationships.”

- Major Food Company in Japan

“Well done Fortune Business Insights! The report covered all the points and was very detailed. Looking forward to work together in the future”

- Ziering Medical

“It has been a delightful experience working with you guys. Thank you Fortune Business Insights for your efforts and prompt response”

- Major Manufacturer of Precision Machine Parts in India

“I had a great experience working with Fortune Business Insights. The report was very accurate and as per my requirements. Very satisfied with the overall report as it has helped me to build strategies for my business”

- Hewlett-Packard

“This is regarding the recent report I bought from Fortune Business insights. Remarkable job and great efforts by your research team. I would also like to thank the back end team for offering a continuous support and stitching together a report that is so comprehensive and exhaustive”

- Global Management Consulting Firm

“Please pass on our sincere thanks to the whole team at Fortune Business Insights. This is a very good piece of work and will be very helpful to us going forward. We know where we will be getting business intelligence from in the future.”

- UK-based Start-up in the Medical Devices Sector

“Thank you for sending the market report and data. It looks quite comprehensive and the data is exactly what I was looking for. I appreciate the timeliness and responsiveness of you and your team.”

- One of the Largest Companies in the Defence Industry
We use cookies to enhance your experience. By continuing to visit this site you agree to our use of cookies . Privacy.
X