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Smart Mining Market Worth $24,047.6 Million in 2027 | Key Drivers, Restraints and Opportunities
Smart Mining Market
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According to a new report published by Allied Market Research, titled, "Smart Mining Market by Type and Category: Global Opportunity Analysis and Industry Forecast, 2020–2027," the global smart mining market size is expected to reach $24,047.6 million in 2027, from $9,256.7 million in 2019, growing at a CAGR of 13.0% from 2020 to 2027.
Smart mining components and equipment find their application in both underground mining and surface mining, also known as open pit or open cast mining, operations. Although the integration of smart mining in underground mining has improved the working conditions on site as well as increased the productivities of underground mines.
Key Segments
The global smart mining market is divided on the basis of type, category, and region. By type, the market is segmented into underground mining and surface or open pit mining. By category, the market is classified into automated equipment and components. The automated equipment includes excavators, load haul dump, drillers & breakers, robotic trucks, and other automated equipment.
By component, the market is categorized into hardware, software & solution, and services.
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By Region
The global smart mining market is analyzed across North America (the U.S., Canada, and Mexico), Europe (Russia, Germany, the UK, Sweden, and rest of Europe), Asia-Pacific (China, Australia, Japan, South Korea, and rest of Asia-Pacific), and LAMEA (Latin America, the Middle East, and Africa). Asia-Pacific is expected to hold the largest share of the market throughout the study period, and LAMEA is expected to grow at the fastest rate.
Key Players
The key smart mining market players profiled in the report include ABB Ltd., Caterpillar Inc., Cisco Systems, Inc., Hexagon AB, Hitachi Ltd., Komatsu Ltd., Robert Bosch GmbH, Rockwell Automation Inc., Sandvik AG, and Trimble Inc.
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About Us
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of Market Research Reports and Business Intelligence Solutions. AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domains.
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