Scope of the Study
Mining automation refers to the elimination of human effort from the mining process. Technological development regarding automated mining techniques such as robotics mining & analytics, drone automated system, and others expected to drive the mining automation market. Market leaders are focusing on adopting drone technology in mining for rapid data collection and improving accuracy for designing mining process in order to increase operational productivity.
The market study is being classified by Type (Equipment, Software, Communications System and Others), by Application (Metal Mining, Mineral Mining, Coal Mining and Others) and major geographies with country level break-up. According to AMA, the Global Mining Automation market is expected to see growth rate of 7.91%
Atlas Copco (Sweden), Caterpillar (US), Hexagon (Sweden), Komatsu (Japan), Sandvik (Sweden), Hitachi Ltd. (Japan), RPM Global USA Inc. (United States), Trimble Inc. (United States), Autonomous Solutions Inc. (United States), Fluidmesh Networks Inc. (United States), MST Global Holdings Pty Ltd (Australia) and Symboticware (Canada) are some of the key players profiled in the study. Additionally, the Vendors which are also part of the research are Volvo Group (Sweden), Micromine Pty Ltd (Australia) and Remote Control Technologies Pty Ltd (Australia).
Mining Automation market is fragmented owing to the number of players present in the market. Some of the major companies in the market are Atlas Copco, Caterpillar, Hexagon, Komatsu, and Sandvik. Market leaders are focusing on technological development such as automated mining tools, in-situ resource utilization, robotic and automated factories for mining operations aimed to improve their operational capability in mining automation market. Research Analyst at AMA predicts that United States Vendors will contribute to the maximum growth of Global Mining Automation market throughout the predicted period.
AdvanceMarketAnalytics has segmented the market of Global Mining Automation market by Type, Application and Region.
On the basis of geography, the market of Mining Automation 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 Workflow , the sub-segment i.e. Mine Development (Tunnel Boring, Construction of Access Roads, Site Preparation and Clearing) will boost the Mining Automation market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Communications System, the sub-segment i.e. Wireless Mesh Networks will boost the Mining Automation market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Equipment, the sub-segment i.e. Autonomous Hauling/Mining Truck will boost the Mining Automation market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Software, the sub-segment i.e. Workforce Management will boost the Mining Automation market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
- Government Initiatives for Mining Automation Activities
- Technological Developments towards Human-Machine Interactions
- Emphasizing On Automated Drone Systems in Mining Operations
- Increasing Adoption of Automated Techniques Such As Robotic Mining
- High Cost Associated With Mining Automation
- Lack of Skilled Labor to Adopt New Technology
- Development of Smart Connected Mines
- Increasing Demand for Geographic Information Systems (GIS) In Mining Automation
- Mitigation of Adverse Effect on Environment Caused By Mining Operations
14th December 2018, “Caterpillar Canada’s largest diversified mining company installed RCT’s clever remote technology on its Caterpillar machines working at a steel-making coal operation in the Elk Valley region of British Columbia with an aim to take humans out of particularly hazardous environments in the mining process.”
Key Target AudienceMining Equipment Manufacturers, Mining Companies, Government Bodies, Venture Capitalists, and Private Equity Firms, Research Institutes and Organizations, System Integrators, Original Equipment Manufacturers, Wireless Communication Providers, Safety Equipment Vendors and Others
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