Press release
Smart Mining Market Worth $23,465.8 Million in 2027 | Key Drivers, Restraints & Growth 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: Opportunity Analysis and Industry Forecast, 2020–2027,” the global smart mining market size was valued at $9.3 billion in 2019 and is expected to reach $23.4 billion by 2027, growing at a CAGR of 16.3% from 2020 to 2027. In 2019, in terms of revenue, Asia-Pacific dominated the market, accounting for over one-thirds of the global smart mining market share.
Smart mining technologies include integration of hardware and software to improve the mining productivities and reduce the operational time and costs. Mining companies emphasize on enhancing productivity by providing state-of-the-art software & solutions. These software & solutions are integrated with the equipment, personnel, and operations to obtain enhanced safety and higher material extraction from the mining operations. These technologies find applications in both underground and surface (open pit & open cast) mining operations.
Competition Analysis
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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Global Smart Mining Market Segments
By Type
Underground Mining
Surface Mining (Open Pit or Open Cast Mining)
By Category
Automated Equipment
Excavator
Robotic Truck
Driller & Breaker
Load Haul Dump
Other Automated Equipment
Component
Hardware
Sensors
RFID tags
Intelligent systems
Others
Software
Data & Operation Management Software
Safety & Security Systems
Connectivity Solutions
Analytics Solutions
Remote Management & Logistics Solutions
Asset Management Solutions
Services
Support & Maintenance (Engineering Service)
System Integration (Deployment Service)
Consulting Services
By Region
North America
Europe
Asia-Pacific
LAMEA
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Contact:
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help@alliedmarketresearch.com
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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