Connected Mining Market Size, Share, Growth Analysis and Forecast 2025-2034

According to the report by Expert Market Research (EMR), the global connected mining market size reached a value of USD 15.73 billion in 2024. Aided by the adoption of Internet of Things (IoT) devices, automation, artificial intelligence (AI), and data analytics in the mining sector, the market is projected to further grow at a CAGR of 13.10% between 2025 and 2034 to reach a value of USD 53.87 billion by 2034.

Connected mining refers to the integration of digital technologies, sensors, and communication networks to optimise mining operations, monitor equipment performance, and enhance safety and environmental sustainability. By connecting mining equipment, vehicles, and infrastructure to centralised control systems and cloud platforms, connected mining solutions enable real-time monitoring, predictive maintenance, and data-driven decision-making, empowering mining companies to maximise operational efficiency and minimise downtime.

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Several factors are driving the connected mining market growth. One of the primary drivers is the increasing focus on operational efficiency, cost optimisation, and productivity improvement in the mining sector. As mining companies seek to extract greater value from their operations and remain competitive in a challenging market environment, there is a growing demand for connected solutions that enable real-time visibility, remote monitoring, and predictive maintenance of mining equipment and assets. Connected mining technologies empower companies to optimise equipment utilisation, reduce maintenance costs, and improve overall operational performance.

Moreover, the need for enhanced safety and risk mitigation in mining operations is driving the adoption of connected technologies. Mining is inherently a high-risk sector, with hazards such as equipment failures, rock falls, and accidents posing significant safety risks to workers and assets. Connected mining solutions leverage sensors, IoT devices, and predictive analytics to monitor environmental conditions, detect potential safety hazards, and alert personnel to mitigate risks proactively. By improving situational awareness and providing real-time insights, connected mining technologies help prevent accidents, minimise downtime, and enhance worker safety, consequently driving up the connected mining market share.

Furthermore, the increasing emphasis on environmental sustainability and regulatory compliance is driving the adoption of connected mining solutions. As environmental regulations become stricter and stakeholders demand greater transparency and accountability from mining companies, there is a growing need to monitor and manage environmental impacts effectively. Connected mining technologies enable companies to track energy consumption, monitor emissions, and optimise resource utilisation, helping reduce environmental footprint, minimise waste, and comply with regulatory requirements.

Amidst the evolving connected technologies and digital transformation market, several key trends are shaping the global connected mining market. One notable trend is the integration of AI and machine learning algorithms into connected mining solutions. AI-powered analytics platforms analyse vast amounts of data collected from sensors, equipment, and operational systems to identify patterns, anomalies, and trends, enabling predictive maintenance, optimisation, and decision support in mining operations. By leveraging AI capabilities, connected mining solutions can anticipate equipment failures, optimise production schedules, and improve operational efficiency, driving greater value and insights for mining companies, leading to connected mining market expansion.

Another trend shaping the connected mining market is the adoption of autonomous and robotic technologies for mining operations. From autonomous haul trucks and drilling rigs to robotic drones and underground mining vehicles, autonomous and robotic solutions are transforming traditional mining practices and workflows. These technologies enable unmanned, remote-controlled operation of equipment in hazardous or inaccessible environments, improving worker safety, and efficiency. By automating repetitive tasks and optimizing operations, autonomous and robotic solutions enhance productivity, reduce labour costs, and unlock new opportunities for innovation in the mining sector, leading to connected mining market development.

Market Segmentation

The market can be divided based on the component, solution, mining type, deployment mode, application, and region

Market Breakup by Component

Solution
Services

Market Breakup by Solution

Asset Tracing and Optimisation
Fleet Management
Industrial Safety and Security
Workforce Management
Analytics and Reporting
Process Control
Others

Market Breakup by Mining Type

Surface Mining
Underground Mining

Market Breakup by Deployment Mode

On-Premises
Cloud

Market Breakup by Application

Exploration
Processing and Refining
Transportation

Market Breakup by Region

North America
Europe
Asia Pacific
Latin America
Middle East and Africa

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Competitive Landscape

The EMR report looks into the market shares, plant turnarounds, capacities, investments, and mergers and acquisitions, among other major developments, of the leading companies operating in global connected mining market. Some of the major players explored in the report by Expert Market Research are as follows:

ABB Ltd
Cisco Systems, Inc
Hexagon AB
io
Rockwell Automation Inc
SAP SE
Symboticware Inc
Trimble Inc.
LTIMindtree Limited
Others

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This release was published on openPR.