Automation Revolution in the Mining Industry (2023-2029)


Posted August 18, 2023 by aishwaryammr

Mining Automation Market size was US$ 3.26 Bn in 2022 and is expected to reach US$ 5.19 Bn by 2029, at a CAGR of 6.85% during forecast period.
 
Mining Automation Market Report Scope and Research Methodology

The qualitative and quantitative data collected by primary research resources, free and paid databases, surveys, Google forms, etc. is further analysed by tools such as SWOT and PESTLE analysis to understand the Mining Automation market.

Mining Automation Market Overview

The report insights about top players, market size, share, key drivers, challenges, opportunities, competitive landscape, market attractiveness analysis, new product launches, technological innovations, and growth contributors which helps to analyse the Mining Automation Market.

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Mining Automation Market Regional Insights

A regional analysis typically includes a precise examination of market trends, competitive landscape, consumer behaviour, and regulatory environment in each region.

Mining Automation Market Segmentation

By technique, underground mining had the leading position in 2022 and is anticipated to keep it over the projected period at a CAGR of xx%. The increase in underground mining automation processes used for mineral exploration and collection beneath the earth's crust is credited with the expansion. Due to the high level of risk associated with working in deep mines, demand for highly advanced automated mining equipment has surged, which has helped the market expand. Additionally, mining firms like Rio Tinto are consistently attempting to develop improved tunneling equipment and autonomous vehicles for use in underground mining, which is further fueling the expansion of the mining automation market.

The mining process category dominated the market in 2022 and is anticipated to develop quickly at a CAGR of% over the course of the forecast period. Haulage and drilling are two autonomous mining processes. The autonomous haulage mining process accounted for the highest market share in 2022 and is expanding at the fastest rate with a CAGR of%. A complete fleet management system for mines, the autonomous haulage system. The need for autonomous haulage systems has grown as a result of its critical role in effective mining management, rising productivity, creating safer working conditions, and lowering operating costs, all of which contribute to market expansion.

Global Mining Automation Market Analysis and Forecast, By Technique
1. Introduction and Definition
2. Key Findings
3. Mining Automation Market Value Share Analysis, By Technique
4. Mining Automation Market Size (US$ Bn) Forecast, By Technique
5. Mining Automation Market Analysis, By Technique
6. Mining Automation Market Attractiveness Analysis, By Technique

Global Mining Automation Market Analysis and Forecast, By Automation Type
1. Introduction and Definition
2. Key Findings
3. Mining Automation Market Value Share Analysis, By Automation Type
4. Mining Automation Market Size (US$ Bn) Forecast, By Automation Type
5. Mining Automation Market Analysis, By Automation Type
6. Mining Automation Market Attractiveness Analysis, By Automation Type

Global Mining Automation Market Analysis and Forecast, By Workflow
1. Introduction and Definition
2. Key Findings
3. Mining Automation Market Value Share Analysis, By Workflow
4. Mining Automation Market Size (US$ Bn) Forecast, By Workflow
5. Mining Automation Market Analysis, By Workflow
6. Mining Automation Market Attractiveness Analysis, By Workflow

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Mining Automation Market Key Players

1. Atlas Copco
2. Rio Tinto Group
3. Caterpillar
4. Hexagon
5. Komatsu
6. Sandvik
7. Autonomous Solutions Inc
8. Hitachi
9. RPMGlobal
10.Trimble
11.Fluidmesh Metworks
12.Mine Site Technologies
13.Symboticware
14.Rockwell Automation, Inc.
15.Komatsu
16.MST Global
17.ABB Limited
18.Emerson Electric Co
19.Mitsubishi Electric Corporation
20.Schneider Electric SE

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Key questions answered in Mining Automation Market are:

What is the Mining Automation market size of the dominating region?
What was the Mining Automation market size in 2022?
What is the expected Mining Automation market size by 2029?
What is the growth rate of the Mining Automation Market?
Which are the factors expected to drive the Mining Automation market growth?
Key Offerings:

Past Market Size and Competitive Landscape (2018 to 2021)
Past Pricing and price curve by region (2018 to 2021)
Market Size, Share, Size & Forecast by different segment | 2022−2029
Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by region
Market Segmentation – A detailed analysis by segment with their sub-segments and Region
Competitive Landscape – Profiles of selected key players by region from a strategic perspective
Competitive landscape – Market Leaders, Market Followers, Regional player
Competitive benchmarking of key players by region
PESTLE Analysis
PORTER’s analysis
Value chain and supply chain analysis
Legal Aspects of business by region
Lucrative business opportunities with SWOT analysis
Recommendations
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Categories Electronics
Tags mining automation market , mining automation market share , mining automation market business
Last Updated August 18, 2023