What is Smart Mining?
Smart mining is a process that uses cutting-edge technologies to improve operational efficiencies, maximize yield recoveries, meet regulatory requirements, and maintain safe or zero-harm environments. Mining companies are looking to increase productivity, enhance worker safety, and reduce operational costs during the mining process. However, wireless monitoring and predictive maintenance enabled through OI solutions, allow mining operators to remotely and constantly monitor operational assets, like dams, to make sure they are not damaged.
The market study is broken down by Type (Safety And Security Systems, Connectivity Solutions and Analytics Solutions) and major geographies with country level break-up.
The key manufacturers are targeting the innovations of the products with better quality, better technical characteristics, and also assist in providing and humanizing the after-sale service to the consumers. The key players are probable to keep a stronghold on the market over the anticipated period. The key players are accepting strategic decisions and are thinking upon mergers and acquisitions in order to maintain their presence in the market. Analysts at AMA Research estimates that Players from United States will contribute to the maximum growth of Global Smart Mining market throughout the predicted period. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Ericsson (Sweden), Siemens AG (Germany), Cisco Systems (United States), Alcatel-Lucent (United States), Komatsu Limited (Japan), Atlas Copco (Sweden), Caterpillar Inc. (United States), ABB Ltd. (Switzerland), Rockwell Automation (United States) and OutotecOyj (Finland) are some of the key players that are part of study coverage.
AdvanceMarketAnalytics has segmented the market of Global Smart Mining market by Type, Application and Region.
On the basis of geography, the market of Smart Mining has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Mining, the sub-segment i.e. Surface Mining will boost the Smart Mining market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Deployment, the sub-segment i.e. Cloud will boost the Smart Mining market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Component, the sub-segment i.e. Automated Equipment will boost the Smart Mining market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
In May 2020, Caterpillar launched the MineStar Edge mine management technology platform to augment the Cat MineStar Solutions suite of technologies and to align with the way many mining operations manage their businesses. The new platform leverages cloud computing and technologies such as data fusion, machine learning, and artificial intelligence to identify patterns and learn to make decisions that best fit a mining operation's needs.
- Increasing Use of Advanced Technologies Such As Artificial Intelligence and Virtual Reality in Mining
- Increasing Demand of Advanced Technologies and Solutions to Automate Operations and Reduce Operational Cost in Mining Sector
- Growing Adoption of Automated Equipment and Vehicles for More Productivity and Improved Safety
- Internal Politics and Lack of Cooperation within Mining Companies Can Hinder the Market
- Increasing Concern towards the Data Security
Key Target AudienceNew Entrants/Investors, Analysts and Strategic Business Planners, Smart Mining Software and Solutions Providers, Automated Vehicle Manufacturers, Automated Equipment Manufacturers, Venture Capitalists and Private Equity Firms, Government Regulatory and Research Organizations, End-Users and Others
About ApproachTo evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have the better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with purpose to understand companys positioning regarding market value, volume and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders etc. and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, analyst team keeps preparing set of questionnaires and after getting appointee list; the target audience are then tapped and segregated with various mediums and channels that are feasible for making connection that includes email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey etc.
Frequently Asked Questions (FAQ):
1. What all players are profiled in the study?
The standard version of the report profiles players such as Ericsson (Sweden), Siemens AG (Germany), Cisco Systems (United States), Alcatel-Lucent (United States), Komatsu Limited (Japan), Atlas Copco (Sweden), Caterpillar Inc. (United States), ABB Ltd. (Switzerland), Rockwell Automation (United States) and OutotecOyj (Finland) etc.
2. Can we have customized study for Smart Mining Market?
The Study can be customized subject to feasibility and data availability. Please connect with our sales representative for further information.
3. What would be the Market Size of Smart Mining Market by 2026?
Analysts at AMA estimates Smart Mining Market to reach USD Million by 2026.