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Smart Mining Market Worth $23,465.8 Million by 2027 | Covid-19 Impact Analysis With Key Drivers, Restraints & Opportunity

05-10-2021 02:42 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Allied Market Research

/ PR Agency: Allied Market Research
Smart Mining Market

Smart Mining Market

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.

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Smart mining is a process that uses information, autonomy, and technology to obtain enhanced safety, reduce operational costs, and gain better productivity for a mine site. Mining corporations emphasize on enhancing productivity by providing state-of-the-art software & solutions. It also comprises remote-controlled robotic equipment for mineral & metal extraction, which is stated as telerobotic mining, and decreases the danger for miners.

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 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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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

U.S.
Canada
Mexico

Europe

Germany
Sweden
UK
Russia
Rest of Europe

Asia-Pacific

China
Japan
Australia
South Korea
Rest of Asia-Pacific

LAMEA

Latin America
Middle East
Africa

Speak to Our Expert Analyst @ https://www.alliedmarketresearch.com/connect-to-analyst/1596

Contact:
David Correa
Portland, OR, United States
USA/Canada (Toll Free): +1-800-792-5285, +1-503-894-6022, +1-503-446-1141
UK: +44-845-528-1300
Hong Kong: +852-301-84916
India (Pune): +91-20-66346060
Fax: +1(855)550-5975
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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