What is Mine Planning Solutions?
Mine planning is an important first step in the development of underground and surface mining facilities as part of a continuous mine planning process. Mine Planning solution allows to shorten planning cycles with an integrated design, evaluation, and scheduling environment. It is used to combine geospatial and digital terrain data. This planning is interrelated with geology and geospatial data to understand site conditions. Planning solutions offers tools which gives dynamic planning environment. It also creates bulk material handling design options. Rising digitisation and increasing need for technological advancements in planning tools has created multiple growth opportunity for the market. Geographically, Asia Pacific and Europe have been recognized as highly growing market. Mine Planning Solutions is widely used in North America for mining industry and geospatial conditions. Therefore, Europe and Asia Pacific are considered to be the dominant market over forecast period.
The market study is broken down by Type (Underground Mining and Surface Mining) and major geographies with country level break-up.
The market of solutions for Mine Planning Solutions is expected to grow with rising demand from number of end use industries. Numerous companies are operating in the market to provide Mine Planning Solutions in different market. The market is highly fragmented with the presence of several market players. They are gaining attention owing to their innovative and novel portfolio. In addition, market profitability is attracting new entrant which is turn impacted on competitive rivalry. 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.
ABB Ltd. (Switzerland), Caterpillar Inc. (United States), Cisco Systems, Inc. (United States), Hexagon AB (Sweden), Hitachi Ltd. (Japan), Komatsu Ltd. (Japan), Robert Bosch GmbH (Germany), Rockwell Automation Inc. (United States), Sandvik AG (United States), Trimble Inc. (United States), John Wood Group PLC (United Kingdom) and MineRP Holdings Pty Ltd (South Africa) are some of the key players that are part of study coverage.
AdvanceMarketAnalytics has segmented the market of Global Mine Planning Solutions market by Type, Application and Region.
On the basis of geography, the market of Mine Planning Solutions 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 Deployment , the sub-segment i.e. Cloud will boost the Mine Planning Solutions market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Equipment Type, the sub-segment i.e. Excavator will boost the Mine Planning Solutions market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Service Type, the sub-segment i.e. Managed Service will boost the Mine Planning Solutions market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Leaders and their expansionary development strategies
In May 2021, Epiroc, a leading productivity and sustainability partner for the mining and infrastructure industries, has completed the acquisition of MineRP. MineRP is a software company specializing in increasing productivity for mines through integrated planning, execution and analytics. With this acquisition, Company has strengthen their portfolio for offering mine planning solution.
- Huge Demand for Automated Equipment
- Rising Expenditure & Infrastructure of Mining Industry
- Increasing Focus on Maintaining Safety Practises
- Technological Advancements with Introduction of AI & Machine Learning has Created Growth Opportunities for the Market
- Lack of Highly Skilled Workforce
- Risk of Security and Service Disruption
Key Target AudienceMine Planning Solutions Provider, Raw Material Suppliers, Regulatory Authorities, New Entrants/Investors, Strategic Business Planners, Governments and End Use Industry
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 ABB Ltd. (Switzerland), Caterpillar Inc. (United States), Cisco Systems, Inc. (United States), Hexagon AB (Sweden), Hitachi Ltd. (Japan), Komatsu Ltd. (Japan), Robert Bosch GmbH (Germany), Rockwell Automation Inc. (United States), Sandvik AG (United States), Trimble Inc. (United States), John Wood Group PLC (United Kingdom) and MineRP Holdings Pty Ltd (South Africa) etc.
2. Can we have customized study for Mine Planning Solutions 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 Mine Planning Solutions Market by 2026?
Analysts at AMA estimates Mine Planning Solutions Market to reach USD Million by 2026.