The global Mining Automation Market size is expected to reach USD 8.64 billion by 2030, registering a CAGR of 7.3% from 2023 to 2030, according to a new report by Grand View Research, Inc. The increasing demand for accuracy and productivity required during mining activities is the high-impact rendering driver for the industry. The growing adoption of automated mining is attributed to the advantages associated with automated systems. For instance, in January 2022, Hexagon AB, one of the eminent players in digital reality solutions combining sensors, independent technology, and software programs, acquired Minnovare, one of the prominent players in drilling technology that enhances the cost, speed, and accuracy of drilling underground.
The
initiative aims to strengthen and accelerate Hexagon AB’s underground roadmap
and strengthen the drill and blast portfolio. The industry witnesses the
adoption of drones as a step towards the evolution of unmanned and aerial data
collection technology at mining sites. The automated drone system is poised to
become an essential strategic part of the future of mining. For instance, in
June 2020, Caterpillar Inc. acquired Marble Robots Inc. The initiative was
aimed at expanding Robotization and autonomy strategy and demonstrating its
commitment to the coming generation of job site results. Structure on its
leadership in independent mining, the organization aims to work and bring
scalable results to fulfill the changing needs of construction, chase,
artificial, and waste diligence.
Furthermore,
the upcoming concept in mining operations is the use of central or virtual
control room that monitors several mines in distant sites from a single
location. The virtual control room is expected to facilitate benchmarking and
comparison of identical processes at different plants. For instance, in January
2022, Accenture, a services-based company that provides a wide range of
services in interactive, strategy, and consulting technology and operations,
collaborated with Celonis. This data processing company sells Software as a
Service (SaaS) to enhance business processes, and it has formed a partnership
to work in process mining.
They
both have to create an alliance to help the organization gain some insights
through which they update and optimize their business process. Accenture has
set Celonis’ data-driven operation and capabilities into its tools and
platforms to give new situations and insights to informed decision-making. In
addition, the implementation of Geographic Information Systems (GIS) in mineral
exploration activities has supplemented the industry growth. GIS enables mining
professionals to perform in-depth analysis and get insights into mineral
mining, evaluate mining conditions, and display geochemical or hydrological data.
The transition from conventional mining techniques to automation has negatively
impacted the market.
The
incorporation of drones, autonomous machinery, and sensors has substantially
affected local employment at the mine sites. However, skilled workers that
specialize in handling remotely automated and controlled systems are expected
to be in demand. For instance, in September 2021, ABB launched eMine, a fast
and powerful truck charging that helps and diverts toward a zero-carbon mine,
making an all-electric mine possible with electrification and a digital system.
They also unveiled the piloting of the groundbreaking capability and gave
FastCharge, one of the most crucial charging systems designed to affiliate with
all makes of electric mining.
List of Key Players in the Mining Automation
Market
- Atlas Copco
AB
- Autonomous
Solution Inc.
- Caterpillar
- Epiroc AB
- Hexagon AB
- Hitachi,
Ltd.
- Komatsu Ltd.
- Liebherr
Group
- MST (Mine
Site Technologies)
- Rio Tinto
- Rockwell
Automation, Inc.
- RPM Global
Holdings Ltd.
- Sandvik AB
- Siemens
- Trimble Inc.
Related Press
Release@ Mining
Automation Market Report
Mining Automation Market Report Highlights
- The mineral
mining application segment will register the fastest CAGR over the
forecast period
- Increased
mineral exploration activities globally are expected to boost the
segment's growth
- The
implementation & maintenance services segment held a significant
market share in 2022
- In terms of
equipment automation, autonomous trucks dominated the industry in 2022
- Retrofitting
the mining equipment with automated technology is expected to contribute
to the growth of the equipment automation segment considerably
Mining Automation Market Report
Scope
|
Report Attribute |
Details |
|
Market size value in 2023 |
USD 5.28 billion |
|
Revenue forecast in 2030 |
USD 8.64 billion |
|
Growth rate |
CAGR of 7.3% from 2023 to 2030 |
|
Base year for estimation |
2022 |
|
Historical data |
2018 - 2021 |
|
Forecast period |
2023 - 2030 |
Mining Automation Market Segmentation
Grand
View Research has segmented the global mining automation market based on
solution, application, and region:
Mining Automation Solution Outlook (Revenue,
USD Million, 2018 - 2030)
- Software
Automation
- Services
- Implementation
& Maintenance
- Training
- Consulting
- Equipment
Automation
- Autonomous
Trucks
- Remote
Control Equipment
- Teleoperated
Mining Equipment
Mining Automation Application Outlook (Revenue,
USD Million, 2018 - 2030)
- Metal Mining
- Mineral
Mining
- Coal Mining
Mining Automation Regional Outlook (Revenue, USD
Million, 2018 - 2030)
- North
America
- Canada
- U.S.
- Europe
- Germany
- U.K.
- Asia Pacific
- Australia
- China
- India
- Japan
- Latin
America
- Brazil
- Mexico
- Middle East
& Africa
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, the company offers market intelligence studies ensuring relevant and fact-based research across a range of industries including technology, chemicals, materials, healthcare and energy.
Contact:
Sherry James
Corporate Sales Specialist, USA
Grand View Research, Inc
Phone: 1-415- 349-0058
Toll Free: 1-888- 202-9519
Email: sales@grandviewresearch.com
For More Information: https://www.grandviewresearch.com
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