Emerging Trend And Strong Application Scope in Smart Mining Market 2022| with top key players like ABB Group, Rockwell Automation, Inc., Komatsu Ltd., Trimble Navigation Limited

Smart mining refers to the use of information, autonomy, and technology to gain better productivity, safety, and reduce operational costs for a mine site. Mining companies focus to improve the productivity by offering innovative software & solutions. Smart mining also includes remote-controlled robotic machinery for mineral extraction, which is referred to as telerobotic mining and reduces the risk for miners. Caterpillar uses robots at Gabriela Mistral mine in Antofagasta to enrich the efficiency of maintenance services.

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Top Companies Covered in this Report:

ABB Group, Rockwell Automation, Inc., Komatsu Ltd., Trimble Navigation Limited, Alastri, Caterpillar Inc., Hitachi Construction Machinery Co., Ltd., Joy Global Inc., Cisco Systems, Inc., and Hexagon AB.

Increased focus on safety & health, accelerating adoption of IoT (internet of things) solutions, and rise in adoption of autonomous equipment drives the market growth.

However, absence of highly skilled and qualified labor, availability of poor infrastructure and government regulations concerning air, water and overall environment quality restrict the headway. Nonetheless, plant automation and upsurge in digital mining concepts are expected to strengthen the growth. Smart mining market generated a revenue of $5,328 million in 2014 and is expected to reach a market value of $15,837 million by 2022 with a CAGR of 14.9%.

The market is classified on the basis of type, category, and geography. Type wise, the market is segmented into underground mining and surface or open pit mining. By category, the market is classified into automated equipment and component. The automated equipment includes excavators, load haul dump, drillers & brakers, robotic trucks, and other automated equipment. Excavators generated the highest revenue in the year 2014 owing to integration of high precision GPS system, laser scanners, and remote control solution while load haul dump is expected to generate notable revenue by 2022.

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Table of Contents

1. Introduction
2. Key Takeaways
3. Smart Mining Market Landscape
4. Smart Mining Market - Key Industry Dynamics
5. Smart Mining Market Analysis- Global
6. Smart Mining Market Revenue And Forecasts To 2022 - Type Of Provider
7. Market Revenue And Forecasts To 2022 - Application
8. Global Market Geographical Analysis
9. Industry Landscape
10. Competitive Landscape
11. Smart Mining Market, Key Company Profiles

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This release was published on openPR.