The mining automation market is projected to touch USD 4.03 billion at an 8.6% CAGR between 2018- 2025, states the recent Market Research Future (MRFR) analysis. Mining automation includes the usage of software automation and process and use of robotic technology both in mining automation and mining vehicles. This process includes the extraction of minerals, ores, and other resources using information and technology. Mining automation is undertaken to ensure safety, better productivity, improved efficiency, and fall in operating cost in the mine site.
Various factors are propelling the global mining automation market share. As per the current MRFR report, such factors include the growing need for worker safety, reduction in the overall operational price, improved productivity, rising productivity of mining activities with the help of automation, the availability of mining automation software, and elimination of time & high labor cost.
On the contrary, depletion of natural resources and the impact of the ongoing COVID-19 pandemic may impede the global mining automation market growth over the forecast period.
Market Segmentation
The MRFR report offers an inclusive segmental analysis of the global mining automation market report based on operation and offering.
By offering, the global mining automation market is segmented into hardware, software, and communication system. The hardware segment is again segmented into tunnelling equipment, pumping nations, mining load-haul-dump (LHD), autonomous drilling rig, autonomous mining truck, and others. The software segment is again segmented into temperature monitoring system, remote operations and monitoring, workforce management, fleet management, and others. The communication systems segment is segmented into wireless mesh networks, navigation systems, and others. Of these, the software segment will lead the market over the forecast period.
By operation, the global mining automation market is segmented into mining process, management, and development. The mining process segment is segmented into autonomous drilling and autonomous haulage. The maintenance is segmented into mine dewatering and HVAC. The development segment is segmented into access road construction, tunnel boring, and others. Of these, the mining process segment will dominate the market over the forecast period.
Leading Key Players in Mining Automation Market are:
- Yokogawa Electric Corporation
- Sandvik AB
- Caterpillar Inc
- Atlas Copco AB
- Siemens AG
- Honeywell International Inc
- Wabtec Corporation
- Schneider Electric SE
- Mitsubishi Electric Corporation
- Emerson Electric Co
- Rockwell Automation
- Trimble Inc
- Hitachi Limited
- Hexagon AB
- Komatsu Limited
- ABB Limited
- MST Global
About US:
Market Research Future® (Part of WantStats Research And Media Pvt. Ltd.) has the distinguished objective of providing the optimal quality research and granular research to clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help answer your most important questions.
Our Research Analysts are eager to share their knowledge and assist you in refining market research parameters, choosing right market studies, and evaluating both the market scope and the research methodologies of varied segments.
We bridge the gap between our clients and their clients by identifying and decoding just the target group, while generating leads with the highest accuracy.