Press release
Global Smart Mining Market Size, Industry Share | Forecast 2022-2027
Smart Mining Market
Smart Mining Industry Definition and Application:
Smart mining is a process that employs several technologies to automate operations and improve safety, productivity, and operational costs for mining. It uses advanced technologies, such as three-dimensional (3D) imaging software, cloud computing, and automated hardware, to allow remote and real-time visibility of equipment conditions. It also provides enhanced safety, minimizes operational costs, optimizes workplace safety, reduces downtime and operational pressure, eliminates maintenance costs, and improves productivity. Owing to these benefits, smart mining is gaining immense traction across the globe.
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Smart Mining Market Trends and Drivers:
The market is primarily driven by the rising demand for smart mining solutions due to the increased safety requirements and changes in mining business operations. In addition, the growing awareness regarding ground instability, several chemical hazards, and ultraviolet (UV) exposure that causes health problems led to the widespread adoption of smart mining, offering flexible, safe, adaptable, and reliable systems that allow plant managers and operators to make informed decisions.
Moreover, the emerging technological advancements, such as the adoption of the internet of things (IoT) to develop digital solutions for deploying connected mines and underground wireless networks to help improve maintenance, track employees and equipment, and boost efficiency, represent another major growth-inducing factor. Besides this, various governments are implementing stringent regulations to control emissions and air pollution, which is propelling market growth. Furthermore, the continuous product innovations, including remote-controlled equipment, autonomous fleet, and ventilation solutions providing safer working conditions, are also creating a favorable market outlook.
Smart Mining Market Segmentation:
The report has segmented the market on the basis on region, type, component, automated equipment.
Breakup by Type:
Underground Mining
Surface Mining
Breakup by Component:
Hardware
Sensors
RFID Tags
Intelligent Systems
Others
Software
Data and Operation Management Software
Safety and Security Systems
Connectivity Solutions
Analytics Solutions
Remote Management and Logistics Solutions
Asset Management Solutions
Services
Support and Maintenance
System Integration
Consulting Services
Breakup by Automated Equipment:
Excavator
Robotic Truck
Driller and Breaker
Load Haul Dump
Others
Breakup by Region:
North America: (United States, Canada)
Asia Pacific: (China, Japan, India, South Korea, Australia, Indonesia, Others)
Europe: (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
Latin America: (Brazil, Mexico Others)
Middle East and Africa
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Who are the Major Smart Mining Market Key players?
ABB Ltd
Caterpillar Inc
Cisco Systems Inc
Hexagon AB
Hitachi Ltd
Komatsu Ltd
Robert Bosch GmbH
Rockwell Automation Inc
Sandvik AB, SAP SE
Trimble Inc.
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