Global Smart Mining Market Poised for Robust Growth; Smart Mining Technology Continues to Gain Traction in APEJ
The key areas which are currently witnessing increasing automation include surface drilling technologies, simulator training, and machine guidance.
The key trends expected to shape up the adoption of smart technologies include, Robust Adoption of Internet of Things, Investment in Simulation Technology, Growing Use of 3D Imaging, Implementation of Remote Monitoring Systems.
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FMI conducted an end-user survey with leading mining operators based in Middle East & Africa (MEA), ASEAN, Oceania, and BRIC. Some of the key findings of the survey include,
Over 88% respondents agreed to using smart mining technology solutions in both surface and underground mining
Smart mining will witness the highest adoption among miners in Oceania, followed by ASEAN
Nearly 31% respondents that did not use smart mining technology solutions currently planned to deploy these solutions in the next one year
Companies operating in both (surface & underground) mining types managed over 70% of logistics and production operations in-house
Survey results concluded that among all the mining operations, major volumes of the production process is managed in-house
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Asia Pacific excluding Japan (APEJ) will continue to remain the largest market for smart mining globally. North America and Western Europe will remain the other lucrative markets for smart mining equipment and services during the forecast period.
The leading players in the global smart mining market include Hitachi Construction Machinery Co. Ltd., ABB Ltd., Komatsu Ltd., Outotec Oyj, Copco, Caterpillar Inc., Atlas Joy Global Inc., Cisco Systems Inc., and Alcatel-Lucent.
Future Market Insights is the premier provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in London, the global financial capital, and has delivery centres in the U.S. and India.
FMI’s research and consulting services help businesses around the globe navigate the challenges in a rapidly evolving marketplace with confidence and clarity. Our customised and syndicated market research reports deliver actionable insights that drive sustainable growth. We continuously track emerging trends and events in a broad range of end industries to ensure our clients prepare for the evolving needs of their consumers.
FMI’s team of over 200 research analysts provides market intelligence at global, regional, and country level. Our analysts are committed to provide independent insights, relying on our cognitive defusion training module, which conditions them to look at data objectively and unbiasedly.
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