Mining Automation Market Report Scope & Overview:

Mining Automation Market Size was valued at USD 3.45 billion in 2023 and is expected to reach USD 5.87 billion by 2031, and grow at a CAGR of 6.85 % over the forecast period 2024-2031.

Mining automation entails the use of robotic technology in mining vehicles and automation, as well as process and software automation. Mining automation is the use of technology and information to extract ores, minerals, or other resources. The process is implemented to improve efficiency, productivity, safety, and reduce operating costs at the mine site. It entails the elimination of human labour from the mining process.

Mining Automation Market Revenue Analysis

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Mining automation reduces the demand for labour in the mining industry. This automation technology can easily perform mining tasks. Technology has the potential to improve mine efficiency. Technology allows for high levels of safety in mines. The mining automation market is benefiting from technological advancements. Mining is a high-skilled industry. This industry has a high demand for skilled labourers. It raises labour costs for the market. However, labour costs are reduced with automation. Furthermore, even in hazardous areas, this automation technology can aid in the mining process.



  • Reduced operating costs.

  • Growing Need for Productivity Improvement.

  • Worker safety is becoming increasingly important.


  • Natural resource depletion.


  • Smart Connected Mine Evolution

  • Mining Operations are becoming more digital.


  • Skilled personnel to operate automated mining equipment are in scarce supply.

  • Bringing Information Technology and Operational Technology Together.


The Covid 19 pandemic is wreaking havoc on industries around the world. Agriculture, aerospace, defence, food, and health industries are all facing challenges as a result of the pandemic. Several industries are being restricted by the government. The lockdowns make it more difficult to conduct market operations. All of these factors have an impact on the industries. Mining automation, on the other hand, is appropriate for this market condition. Coronavirus is very common in the mining industry. The virus is wreaking havoc on the labour force. The market's labour and revenue losses are enormous as a result of this. These looses, however, are controlled by automation technologies. Instead of human labour, the industry employs machinery and software. This industry automation is bringing about positive changes. Automation is widely used in the mining industry. The market is expected to see numerous developments in the coming years. This pandemic is a watershed moment in the Mining Automation Industry.

Based on type, the mining automation market is segmented into Hardware, Software, Equipment, and Communications systems. Based on technique, the mining automation market is segmented into Surface mining automation, and Underground mining automation. Based on workflow, the mining automation market is segmented into Mining process, Mine development, and Mine maintenance.



  • Hardware

  • Software

  • Equipment

  • Communications systems


  • Surface mining automation

  • Underground mining automation


  • Mining process

  • Mine development

  • Mine maintenance  

Mining Automation Market Segmentation Analysis

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The mining automation market is divided into three regions Asia Pacific, North America, and Europe. The Asia Pacific region's increasing rate of automation is driving rapid market growth. New product launches and market advancements are anticipated. More adoption is being driven by the need for high productivity and efficiency in mines. Europe is the next most important key player, with the largest market share. Exploration activity in this region is constantly increasing. It is resulting in widespread use of automation equipment. The presence of leading Mining Automation Market Key Players expands the scope. Furthermore, North America is a highly developed region. The presence of key players results in explosive growth.


  • North America

    • USA

    • Canada

    • Mexico

  • Europe

    • Germany

    • UK

    • France

    • Italy

    • Spain

    • The Netherlands

    • Rest of Europe

  • Asia-Pacific

    • Japan

    • south Korea

    • China

    • India

    • Australia

    • Rest of Asia-Pacific

  • The Middle East & Africa

    • Israel

    • UAE

    • South Africa

    • Rest of Middle East & Africa

  • Latin America

    • Brazil

    • Argentina

    • Rest of Latin America


The key players in the mining automation market are MST Global, ABB Ltd., Hexagon, Hitachi, Rockwell Automation, Emerson Electric, Mitsubishi Electric Corporation, Schneider Electric, Honeywell International, Siemens & Other Players.

Rockwell Automation-Company Financial Analysis

Company Landscape Analysis

Mining Automation Market Report Scope:
Report Attributes Details
Market Size in 2023 US$ 3.45Billion
Market Size by 2031 US$ 5.87 Billion
CAGR CAGR of 6.85 % From 2023 to 2030
Base Year 2022
Forecast Period 2024-2031
Historical Data 2020-2021
Report Scope & Coverage Market Size, Segments Analysis, Competitive  Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook
Key Segments • By Type (Hardware, Software, Equipment, Communications Systems)
• By Technique (Surface Mining Automation, Underground Mining Automation)
• By Workflow (Mining Process, Mine Development, Mine Maintenance)
Regional Analysis/Coverage North America (USA, Canada, Mexico), Europe
(Germany, UK, France, Italy, Spain, Netherlands,
Rest of Europe), Asia-Pacific (Japan, South Korea,
China, India, Australia, Rest of Asia-Pacific), The
Middle East & Africa (Israel, UAE, South Africa,
Rest of Middle East & Africa), Latin America (Brazil, Argentina, Rest of Latin America)
Company Profiles MST Global, ABB Ltd., Hexagon, Hitachi, Rockwell Automation, Emerson Electric, Mitsubishi Electric Corporation, Schneider Electric, Honeywell International, and Siemens.
Key Drivers • Reduced operating costs.
• Growing Need for Productivity Improvement.
RESTRAINTS • Natural resource depletion.

Frequently Asked Questions

The market value is expected to reach USD 5.87 billion by 2031.

Natural resource depletion is limiting the  Mining Automation Market's expansion.

The key players in the mining automation market are MST Global, ABB Ltd., Hexagon, Hitachi, Rockwell Automation, Emerson Electric, Mitsubishi Electric Corporation, Schneider Electric, Honeywell International, and Siemens.

Top-down research, bottom-up research, qualitative research, quantitative research, and Fundamental research.

Manufacturers, Consultants, Association, Research Institutes, private and university libraries, suppliers, and distributors of the product.

Table of Contents

1. Introduction

1.1 Market Definition

1.2 Scope

1.3 Research Assumptions

2. Research Methodology

3. Market Dynamics

3.1 Drivers

3.2 Restraints

3.3 Opportunities

3.4 Challenges

4. Impact Analysis

4.1 COVID-19 Impact Analysis

4.2 Impact of Ukraine- Russia war

4.3 Impact of ongoing Recession

4.3.1 Introduction

4.3.2 Impact on major economies US Canada Germany France United Kingdom China Japan South Korea Rest of the World

5. Value Chain Analysis

6. Porter’s 5 forces model

7.  PEST Analysis


8. Mining Automation Market Segmentation, by type


8.2 Hardware

8.3 Software

8.4 Equipment

8.5 Communications systems

9. Mining Automation Market Segmentation, by technique


9.2 Surface mining automation

9.3 Underground mining automation

10. Mining Automation Market Segmentation, by workflow

10.1 Introduction

10.2 Mining process

10.3 Mine development

10.4 Mine maintenance

11. Regional Analysis

11.1 Introduction

11.2 North America

11.2.1 USA

11.2.2 Canada

11.2.3 Mexico

11.3 Europe

11.3.1 Germany

11.3.2 UK

11.3.3 France

11.3.4 Italy

11.3.5 Spain

11.3.6 The Netherlands

11.3.7 Rest of Europe

11.4 Asia-Pacific

11.4.1 Japan

11.4.2 South Korea

11.4.3 China

11.4.4 India

11.4.5 Australia

11.4.6 Rest of Asia-Pacific

11.5 The Middle East & Africa

11.5.1 Israel

11.5.2 UAE

11.5.3 South Africa

11.5.4 Rest

11.6 Latin America

11.6.1 Brazil

11.6.2 Argentina

11.6.3 Rest of Latin America

12.Company Profiles

12.1 ABB Ltd.

12.1.1 Financial

12.1.2 Products/ Services Offered

12.1.3 SWOT Analysis

12.1.4 The SNS view

12.2 MST Global

12.3 Hexagon

12.4 Hitachi

12.5 Rockwell Automation

12.6 Emerson Electric

12.7 Mitsubishi Electric Corporation

12.8 Schneider Electric

12.9 Honeywell International

12.10 Siemens

13.Competitive Landscape

13.1 Competitive Benchmark

13.2 Market Share analysis

13.3 Recent Developments


An accurate research report requires proper strategizing as well as implementation. There are multiple factors involved in the completion of good and accurate research report and selecting the best methodology to compete the research is the toughest part. Since the research reports we provide play a crucial role in any company’s decision-making process, therefore we at SNS Insider always believe that we should choose the best method which gives us results closer to reality. This allows us to reach at a stage wherein we can provide our clients best and accurate investment to output ratio.

Each report that we prepare takes a timeframe of 350-400 business hours for production. Starting from the selection of titles through a couple of in-depth brain storming session to the final QC process before uploading our titles on our website we dedicate around 350 working hours. The titles are selected based on their current market cap and the foreseen CAGR and growth.


The 5 steps process:

Step 1: Secondary Research:

Secondary Research or Desk Research is as the name suggests is a research process wherein, we collect data through the readily available information. In this process we use various paid and unpaid databases which our team has access to and gather data through the same. This includes examining of listed companies’ annual reports, Journals, SEC filling etc. Apart from this our team has access to various associations across the globe across different industries. Lastly, we have exchange relationships with various university as well as individual libraries.

Secondary Research

Step 2: Primary Research

When we talk about primary research, it is a type of study in which the researchers collect relevant data samples directly, rather than relying on previously collected data.  This type of research is focused on gaining content specific facts that can be sued to solve specific problems. Since the collected data is fresh and first hand therefore it makes the study more accurate and genuine.

We at SNS Insider have divided Primary Research into 2 parts.

Part 1 wherein we interview the KOLs of major players as well as the upcoming ones across various geographic regions. This allows us to have their view over the market scenario and acts as an important tool to come closer to the accurate market numbers. As many as 45 paid and unpaid primary interviews are taken from both the demand and supply side of the industry to make sure we land at an accurate judgement and analysis of the market.

This step involves the triangulation of data wherein our team analyses the interview transcripts, online survey responses and observation of on filed participants. The below mentioned chart should give a better understanding of the part 1 of the primary interview.

Primary Research

Part 2: In this part of primary research the data collected via secondary research and the part 1 of the primary research is validated with the interviews from individual consultants and subject matter experts.

Consultants are those set of people who have at least 12 years of experience and expertise within the industry whereas Subject Matter Experts are those with at least 15 years of experience behind their back within the same space. The data with the help of two main processes i.e., FGDs (Focused Group Discussions) and IDs (Individual Discussions). This gives us a 3rd party nonbiased primary view of the market scenario making it a more dependable one while collation of the data pointers.

Step 3: Data Bank Validation

Once all the information is collected via primary and secondary sources, we run that information for data validation. At our intelligence centre our research heads track a lot of information related to the market which includes the quarterly reports, the daily stock prices, and other relevant information. Our data bank server gets updated every fortnight and that is how the information which we collected using our primary and secondary information is revalidated in real time.

Data Bank Validation

Step 4: QA/QC Process

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