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Pulished Date April, 2021
ID: 8323
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Global Mining Automation Market - Segmentation by Technique (Underground Mining, and Surface Mining), by Type (Equipment, Software, Communications System), by Equipment (Autonomous Hauling/Mining Trucks, Autonomous Drilling Rigs, Underground LHD Loaders, Tunneling Equipment), by Region -Global Industry Analysis, Size, Share, Growth, Investment, and Forecasts (2021–2026)

Pulished: April, 2021
ID: 8323
Pages: 170

Mining Automation Market Size, Trends & Growth (2021 - 2026)

The Mining Automation Market size was around USD 2.36 Billion by revenue, at the end of 2021. It is expected to grow at a CAGR of 6.82 % to reach close to USD 3.28 Billion by the end of 2026.

Mining Automation Market Recent Developments:

Karen Andrews, Minister for Industry, Science and Technology, Australia, has announced seven mining supply businesses as the recipients of USD 2.9 million in innovation funding under the METS Ignited Collaborative Project Funds.

Mining Automation Market Drivers and Restraints:

The need for minerals in the Earth’s core is the main reason for underground mining. As the work in underground mining is highly risky and unpredictable automation comes into play to have a perfect and human-friendly functioning of the mines. Also, the demand for a customized process in the mining process is the leading cause of the boost in the software segment. Soon there will be a domination of the software segment over the mining automation market. However, the limited number of companies in this field makes it take more and more time to come up with an ideal automation solution. Also, there are some situations where the process is semi-autonomous which means they need the presence of a human. This, however, does not serve the main purpose of the mining automation.

Mining Automation Market Segmentation Analysis:

  • By Technique - Based on the technique the mining automation market is segmented into Underground Mining, and Surface Mining. The underground mining technique is anticipated to have the highest share in the market owing to the availability of the majority of minerals in the core of the earth. The work in underground mines is hazardous and needs proper protective norms for human intervention in the process. This is where the automation helps the minimizing of any casualties in the mining process.
  • By Type - Based on the type the mining automation market is categorized into Equipment, Software, and Communications systems. Of the mentioned types the software segment is anticipated to have the highest growth in the forecast as mentioned earlier period. This is mainly due to the customized utilization of automated mining equipment. This is the reason different companies can customize their chain of processes and their plan of action.
  • By Equipment - Based on the equipment the mining automation market is divided into Autonomous Hauling/Mining Trucks, Autonomous Drilling Rigs, Underground LHD Loaders, and Tunneling Equipment. Among the mentioned equipment the autonomous hauling process segment had the largest market share as of 2018. Hauling is an essential segment of the whole process of mining. So a non-stop hauling process is to be established, and this is possible with automation in the mining companies. The use of proper software and trustable hardware is the key to have such a non-stop working hauling process.

Mining Automation Market Geographical Analysis:

By geography, the Metallized Film Market is segmented as Latin America, Europe, Asia Pacific, North America, and Middle-East & Africa. The Asia Pacific region leads the  Mining Automation market by both value and volume, as of 2018. This is attributed to the growing industries in fast-developing economies like India, China, and Japan. The massive availability of unexploited natural resources which is in high demand in the market is the reason for this region’s uninterrupted growth in the future forecast period. Europe is second in the lead in the mining automation market in terms of both volume and value. The availability of a large customer base in this region is the major cause of its end-user eye-catching performance in the Mining Automation market. North America follows Europe in the third position in the mining automation market, mainly due to the pre-existing significant industries in this region contribute to the region’s successful growth over the years. The Asia Pacific region is anticipated to have the highest growth rate in the forecast period. The Asia Pacific region is expected to attract major market giants towards expansion into the region. The regional advantages offered in this region, such as cheap labor and ease of resource availability, are the sole reason for this region’s advancement in the  Mining Automation market. On the other hand, the Middle East & Africa and Latin America regions, being in the low developing countries due to the contribution of low GDP countries, have fewer chances for industry growth. Hence, the Metallized film Market in these regions is slow-growing in nature.

Mining Automation Market Key Market Players:

  • Atlas Copco (Sweden)
  • Hitachi (Japan)
  • Mine Site Technologies (Australia)
  • RPM Australia)
  • AB Volvo Group (Sweden)
  • Autonomous Solutions Inc. (US)
  • Hexagon (Sweden), Komatsu (Japan)
  • Sandvik (Sweden), Trimble (US)
  • Fluidmesh Networks (US)
  • Caterpillar (US)
  • ABB Group (Switzerland)
  • Symboticware (Canada)
  • Rockwell Automation Inc

This Are The leading shareholders of the market for Mining Automation. There is a constant competition between these companies regarding the pricing and quality of the product. They are currently focused on providing expansion strategies to improve their market value and position.

Mining Automation Market Research Report Key Highlights:

  1. The evaluation of the current product and services market and the future implications of the market.
  2. Address the matter by better understanding the market through size estimates and CAGR analysis to forecast the future market.
  3. Wider segmentation to better understand the dynamics of the market at a minimal level by dividing the market into smaller segments.
  4. Address the key market challenges, drivers and restraints to provide insights for gaining market share.
  5. Porter’s Five Forces are used to analyze the factors responsible for the shaping of the industry as it is as a result of the competitive environment. 

1. Introduction                                 

                1.1 Market Definition                    

                1.2 Scope of the report                

                1.3 Study Assumptions                 

                1.4 Base Currency, Base Year and Forecast Periods                          

2. Research Methodology                                           

                2.1 Analysis Design                         

                2.2 Research Phases                      

                                2.2.1 Secondary Research           

                                2.2.2 Primary Research 

                                2.2.3 Data Modelling      

                                2.2.4 Expert Validation  

                2.3 Study Timeline                          

3. Report Overview                                        

                3.1 Executive Summary                

                3.2 Key Inferences                       

4. Market Dynamics                                       

                4.1 Impact Analysis                         

                                4.1.1 Drivers      

                                4.1.2 Restaints  

                                4.1.3 Opportunities        

                4.2 Regulatory Environment                       

                4.3 Technology Timeline & Recent Trends                            

5. Competitor Benchmarking Analysis                                    

                5.1 Market Share Analysis                           

                5.2 Product Benchmarking                          

                5.3 Regional Presence                   

                5.4 Mergers & Acquistion Landscape                      

                5.5 Joint Ventures & Collaborations                        

6. Market Segmentation                                              

                6.1 Mining Automation Market, by Technique                   

                                6.1.1 Underground Mining          

                                6.1.2 Surface Mining      

                                6.1.3 Market Size Estimations & Forecasts (2019-2024)   

                                6.1.4 Y-o-Y Growth Rate Analysis             

                                6.1.5 Market Attractiveness Index          

                6.2 Mining Automation Market, by Type                              

                                6.2.1 Equipment              

                                6.2.2 Software  

                                6.2.3 Communications System  

                                6.2.4 Market Size Estimations & Forecasts (2019-2024)   

                                6.2.5 Y-o-Y Growth Rate Analysis             

                                6.2.6 Market Attractiveness Index          

                6.3 Mining Automation Market, by Equipment                  

                                6.3.1 Autonomous Hauling/Mining Trucks            

                                6.3.2 Autonomous Drilling Rigs  

                                6.3.3 Underground LHD Loaders               

                                6.3.4 Tunneling Equipment         

                                6.3.5 Market Size Estimations & Forecasts (2019-2024)   

                                6.3.6 Y-o-Y Growth Rate Analysis             

                                6.3.7 Market Attractiveness Index          

7. Geographical Landscape                                         

                7.1 Global Identity Governance and Administration Market, by Region                  

                7.2 North America - Market Analysis (2019-2024)                            

                                7.2.1 By Country              

                                                7.2.1.1 USA

                                                7.2.1.2 Canada

                                7.2.2 By Technique         

                                7.2.3 By Type    

                                7.2.4 By Equipment        

                                7.2.5 Y-o-Y Growth Rate Analysis             

                                7.2.6 Market Attractiveness Index          

                7.3 Europe                         

                                7.3.1 By Country              

                                                7.3.1.1 UK

                                                7.3.1.2 France

                                                7.3.1.3 Germany

                                                7.3.1.4 Spain

                                                7.3.1.5 Italy

                                                7.3.1.6 Rest of Europe

                                7.3.2 By Technique         

                                7.3.3 By Type    

                                7.3.4 By Equipment        

                                7.3.5 Y-o-Y Growth Rate Analysis             

                                7.3.6 Market Attractiveness Index          

                7.4 Asia Pacific                  

                                7.4.1 By Country              

                                                7.4.1.1 China

                                                7.4.1.2 India

                                                7.4.1.3 Japan

                                                7.4.1.4 South Korea

                                                7.4.1.5 South East Asia

                                                7.4.1.6 Australia & NZ

                                                7.4.1.7 Rest of Asia-Pacific

                                7.4.2 By Technique         

                                7.4.3 By Type    

                                7.4.4 By Equipment        

                                7.4.5 Y-o-Y Growth Rate Analysis             

                                7.4.6 Market Attractiveness Index          

                7.5 Latin America                             

                                7.5.1 By Country              

                                                7.5.1.1 Brazil

                                                7.5.1.2 Argentina

                                                7.5.1.3 Mexico

                                                7.5.1.4 Rest of Latin America

                                7.5.2 By Technique         

                                7.5.3 By Type    

                                7.5.4 By Equipment        

                                7.5.5 Y-o-Y Growth Rate Analysis             

                                7.5.6 Market Attractiveness Index          

                7.6 Middle East and Africa                           

                                7.6.1 By Country              

                                                7.6.1.1 Middle East

                                                7.6.1.2 Africa

                                7.6.2 By Technique         

                                7.6.3 By Type    

                                7.6.4 By Equipment        

                                7.6.5 Y-o-Y Growth Rate Analysis             

                                7.6.6 Market Attractiveness Index          

8. Key Player Analysis                                    

                8.1 Atlas Copco                

                                8.1.1 Business Description           

                                8.1.2 Products/Service  

                                8.1.3 Financials 

                                8.1.4 SWOT Analysis       

                                8.1.5 Recent Developments       

                                8.1.6 Analyst Overview 

                8.2  Hitachi                         

                8.3 Mine Site Technologies                         

                8.4 RPMGlobal                 

                8.5 AB Volvo Group                        

                8.6 Autonomous Solutions Inc.                 

                8.7 Hexagon                      

                8.8  Komatsu                     

                8.9 Sandvik                        

                8.10 Trimble                      

9. Market Outlook & Investment Opportunities                                

Appendix                                           

                List of Tables                     

                List of Figures                  

  • Global, Regional and country-level analysis and forecasts of the study market; providing Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped
  • The segment-level analysis in terms of my technique, by type, by equipment, along with market size forecasts and estimations to detect key areas of industry growth in detail
  • Identification of key drivers, restraints, opportunities, and challenges (DROC) in the market and their impact on shifting market dynamics
  • Study of the effect of exogenous and endogenous factors that affect the global market; which includes broadly demographics, economics, and political, among other macro-environmental factors presented in an extensive PESTLE Analysis
  • Study the microenvironment factors that determine the overall profitability of an Industry, using Porter’s five forces analysis for analyzing the level of competition and business strategy development
  • A comprehensive list of key market players along with their product portfolio, current strategic interests, key financial information, legal issues, SWOT analysis and analyst overview to study and sustain the market environment
  • Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies
  • An executive summary, abridging the entire report in such a way that decision-making personnel can rapidly become acquainted with background information, concise analysis, and main conclusions
  • Expertly devised analyst overview along with Investment opportunities to provide both individuals and organizations a strong financial foothold in the market
  1. Global Mining Automation Market By Region, From 2021-2026 ( USD Billion )
  2. Global Mining Automation Market By Technique, From 2021-2026 ( USD Billion )
  3. Global Underground Mining Market By Region, From 2021-2026 ( USD Billion )
  4. Global Surface Mining Market By Region, From 2021-2026 ( USD Billion )
  5. Global Mining Automation Market By Type, From 2021-2026 ( USD Billion )
  6. Global Equipment Market By Region, From 2021-2026 ( USD Billion )
  7. Global Software Market By Region, From 2021-2026 ( USD Billion )
  8. Global Communications System Market By Region, From 2021-2026 ( USD Billion )
  9. Global Mining Automation Market By Equipment, From 2021-2026 ( USD Billion )
  10. Global Autonomous Hauling/Mining Trucks Market By Region, From 2021-2026 ( USD Billion )
  11. Global Autonomous Drilling Rigs Market By Region, From 2021-2026 ( USD Billion )
  12. Global Underground LHD Loaders Market By Region, From 2021-2026 ( USD Billion )
  13. Global Tunneling Equipment Market By Region, From 2021-2026 ( USD Billion )

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