Press release
Smart Mining Market Anticipated to Reach $23,465.8 Million by 2027
Smart Mining Market
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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.
The surface mining operations mainly benefit by utilizing the autonomous robotic fleet used for loading, hauling & dumping (LHD) operations. In addition, increased awareness regarding harsh influences of mining atmospheres caused by UV radiations, noise, dust, chemical hazards, poisonous gases, and others on the mine workers drives the dependency on robotic equipment.
Top 10 Leading Players
ABB Ltd.
Caterpillar Inc.
Cisco Systems, Inc.
Hexagon AB
Hitachi Ltd.
Komatsu Ltd.
Robert Bosch GmbH
Rockwell Automation Inc.
Sandvik AG
Trimble Inc.
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Key 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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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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