According to Stratistics MRC, the Global Mining Automation Market is accounted for $4.26 billion in 2022 and is expected to reach $6.88 billion by 2028 growing at a CAGR of 8.3% during the forecast period.
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Mining is the second-most important and ancient endeavour of humankind after agriculture. The two industries are ranked as the primary industries of early civilization. Mining is the foremost source of mineral commodities, and all countries find it essential for maintaining and improving their standard of living. In recent years, automated mining has gained importance due to better awareness of the application of advanced technology. Previously, mining activities involved a lot of manual work that posed a risk to personnel who were working in a dangerous environment. A lot of human resources are required for achieving higher productivity, which involves providing safety equipment and high remuneration that increase the overall production cost. To avoid such high costs and risks to personnel, many companies are implementing automation in their mining processes.
Some of the key players in Mining Automation Market include Atlas Copco AB, Autonomous Solution Inc., Caterpillar, Epiroc AB, Hexagon AB, Hitachi, Ltd., Komatsu Ltd., Liebherr Group, MST (Mine Site Technologies), Rio Tinto, Rockwell Automation, Inc., RPM Global Holdings Ltd., Sandvik AB, SANY Group, Siemens and Trimble Inc.
Types Covered:
• Equipment Automation
• Software Automation
• Services
• Communication System
Technologies Covered:
• Robotics
• Artificial Intelligence
• Internet of things
• Other Technologies
Techniques Covered:
• Surface Mining
• Underground Mining
Automations Covered:
• Assistive Automation
• Partial Automation
• Conditional Automation
• Full Automation
Applications Covered:
• Mine Development
• Mining Process
• Mine Maintenance
End Users Covered:
• Metal Mining
• Mineral Mining
• Coal Mining
Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa
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