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Mining Automation Market

Mining Automation Market Size, Share & Segment By Type (Hardware, Software, Equipment, Communications Systems) By Technique (Surface Mining Automation, Underground Mining Automation) By Workflow (Mining Process, Mine Development, Mine Maintenance), By Regions, And Global Forecast 2022-2028

Report Id: SNS/SEMI/2595 | July 2022 | Region: Global | 130 Pages

Report Scope & Overview:

Mining Automation Market Size was valued at USD 4.5 billion in 2021 and is expected to reach USD 7.7 billion by 2028, and grow at a CAGR of 7.7% over the forecast period 2022-2028.

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 Graph

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.

MARKET DYNAMICS:

KEY DRIVERS:

  • Reduced operating costs.

  • Growing Need for Productivity Improvement.

  • Worker safety is becoming increasingly important.

RESTRAINTS:

  • Natural resource depletion.

OPPORTUNITIES:

  • Smart Connected Mine Evolution

  • Mining Operations are becoming more digital.

CHALLENGES: 

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

  • Bringing Information Technology and Operational Technology Together.

IMPACT OF COVID-19: 

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.

COMPETITIVE LANDSCAPE:

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.

MARKET SEGMENTATION:

BY TYPE

  • Hardware

  • Software

  • Equipment

  • Communications systems

BY TECHNIQUE

  • Surface mining automation

  • Underground mining automation

BY WORKFLOW

  • Mining process

  • Mine development

  • Mine maintenance  

Mining Automation Market Segment Pie Chart

REGIONAL ANALYSIS:

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.

REGIONAL COVERAGE:

  • 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

Mining Automation Market Report Scope:
Report Attributes Details
Market Size in 2021 US$ 4.5 Billion
Market Size by 2028 US$ 7.7 Billion
CAGR CAGR of 7.7% From 2022 to 2028
Base Year 2021
Forecast Period 2022-2028
Historical Data 2017-2020
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 (FAQ) :

The market value is expected to reach USD 7.7 billion by 2028.

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 the Ukraine-Russia War

 

5. Value Chain Analysis

 

6. Porter’s 5 forces model

 

7.  PEST Analysis

  

8. Mining Automation Market Segmentation, by type

8.1Introduction

8.2 Hardware

8.3 Software

8.4 Equipment

8.5 Communications systems

 

9. Mining Automation Market Segmentation, by technique

9.1Introduction

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

 

14.Conclusion

 

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The 5 steps process:

Step 1: Secondary Research:

Secondary Research or Desk Research as the name suggests is a research process wherein, we collect data through readily available information. In this process, we use various paid and unpaid databases to which our team has access and gather data through the same. This includes examining 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 universities as well as individual libraries.

Secondary Research

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