Report Scope & Overview:
Mining Automation Market Size was valued at USD 4.84 billion in 2022 and is expected to reach USD 8.77 billion by 2030, and grow at a CAGR of 7.7% over the forecast period 2023-2030.
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.
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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.
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.
Surface mining automation
Underground mining automation
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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.
Rest of Europe
Rest of Asia-Pacific
The Middle East & Africa
Rest of Middle East & Africa
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.
|Market Size in 2022||US$ 4.84 Billion|
|Market Size by 2030||US$ 8.77 Billion|
|CAGR||CAGR of 7.7% From 2023 to 2030|
|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.|
The market value is expected to reach USD 8.77 billion by 2030.
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
1.1 Market Definition
1.3 Research Assumptions
2. Research Methodology
3. Market Dynamics
4. Impact Analysis
4.1 COVID-19 Impact Analysis
4.2 Impact of Ukraine- Russia war
4.3 Impact of ongoing Recession
4.3.2 Impact on major economies
22.214.171.124 United Kingdom
126.96.36.199 South Korea
188.8.131.52 Rest of the World
5. Value Chain Analysis
6. Porter’s 5 forces model
7. PEST Analysis
8. Mining Automation Market Segmentation, by type
8.5 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
10.2 Mining process
10.3 Mine development
10.4 Mine maintenance
11. Regional Analysis
11.2 North America
11.3.6 The Netherlands
11.3.7 Rest of Europe
11.4.2 South Korea
11.4.6 Rest of Asia-Pacific
11.5 The Middle East & Africa
11.5.3 South Africa
11.6 Latin America
11.6.3 Rest of Latin America
12.1 ABB Ltd.
12.1.2 Products/ Services Offered
12.1.3 SWOT Analysis
12.1.4 The SNS view
12.2 MST Global
12.5 Rockwell Automation
12.6 Emerson Electric
12.7 Mitsubishi Electric Corporation
12.8 Schneider Electric
12.9 Honeywell International
13.1 Competitive Benchmark
13.2 Market Share analysis
13.3 Recent Developments
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