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Mining Automation Market 2024 – By Industry Analysis, Future Prediction, Business Overview And Forecast To 2033

Source: WhaTech.com

Date: Sept 16, 2024

By: Oliver Guridham

The mining automation market research report from The Business Research Company offers global market size, growth rate, regional shares, competitor analysis, detailed segments, trends, and opportunities.

 

What’s The Global Mining Automation Market Size?

The mining automation market size is expected to see strong growth in the next few years. It will grow to $5.44 billion in 2028 at a compound annual growth rate (CAGR) of 7.9%. 

The growth in the forecast period can be attributed to energy efficiency initiatives, autonomous vehicles and equipment, customization and scalability, sustainable mining practices, market competition. Major trends in the forecast period include integration of ai and machine learning, iot and connectivity, blockchain for supply chain transparency, digital twin technology, advanced sensor technologies, autonomous vehicles and equipment.

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What Are The Top Companies In The Mining Automation Market

Major companies operating in the mining automation market report are Hexagon AB, Rockwell Automation Inc., Komatsu Ltd., Rio Tinto Group, Autonomous Solutions Inc., Sandvik AB, Caterpillar Inc., Hitachi Construction Machinery Co. Ltd., RPM Global Holdings Limited, Trimble Inc., Siemens Aktiengesellschaft, Mine Site Technologies Pty.

Limited, Symboticware Inc., ABB Ltd., Epiroc AB, Atlas Copco AB, Remote Control Technologies Pty. Ltd., AB Volvo, Fluidmesh Networks LLC, Joy Global Inc., Cisco Systems Inc., Schneider Electric SE, Wenco International Mining Systems Ltd., MST Global, MineSense Technologies Ltd., Mobilaris Mining Intelligence, IntelliSense.io, MineWare Pty.

Ltd., Maptek Pty. Ltd., Micromine Pty.Ltd.

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What Is Driving The Growth Of The Global Mining Automation Market?

The growing demand for mining activities is propelling the mining automation market.

 

Mining, which involves extracting valuable minerals from the Earth, benefits from automation by reducing production losses and enhancing safety and efficiency.

 

In 2022, global exploration budgets surged by 35% to $11.24 billion, with a 70% increase in exploration activity from 2020 to 2021. Technological advancements in mining automation are also notable, with companies like Sandvik introducing the AutoMine mapping solution, which uses advanced technology to improve efficiency and safety in autonomous vehicle navigation within mining operations.

Mining Automation Market Segmentation
The mining automation market covered in this report is segmented –

1) By Offering: Equipment, Software, Communication System
2) By Technique: Surface Mining, Underground Mining
3) By Workflow: Mine Development, Mining Process, Mine Maintenance
4) By Application: Metal Mining, Mineral Mining, Coal Mining

What Does The Global Mining Automation Market Report Comprise Of?

1. Introduction
•  Overview of the Mining Automation Market
•  Comprehensive Analysis of Mining Automation Market

2. Mining Automation Market Drivers and Restraints
•  Drivers and Restraints For Historic And Forecast Period

3. Mining Automation Market Segmentation
•  By Offering
•  By Technique
•  By Workflow
•  By Application

4. Competitive Landscape And Company Profiles In The Mining Automation Market
•  Overview
•  Products and Services
•  Strategy

5. Mining Automation Market Regional And Country Analysis
•  By Region
•  By Country

6. Market Trends And Opportunities In Mining Automation Market
•  Technological Advancements
•  Emerging Trends

7. Mining Automation Market Future Outlook and Potential Analysis
•  Growth Strategies
•  New Opportunities

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Mining automation refers to the process of mining by removing human labour and using mining equipment like robotic components, GPS, and advanced software that increases production. They are used to reduce capital and labour costs and to gain full control of the operations.

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