“Mining Automation Global Market Report 2023 ” from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on mining automation market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
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Where is the largest and fastest growing market for mining automation ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? “The mining automation market global report ” from The Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
Scope
Markets Covered:
- 1) By Offering: Equipment; Software; Communication System
- 2) By Technique: Surface Mining; Underground Mining
- 3) By Workflow: Mine Development; Mining Process; Mine Maintenance
- 4) By Application: Metal Mining; Mineral Mining; Coal Mining
- Companies Mentioned: Hexagon AB; Rockwell Automation Inc.; Komatsu Ltd.; Rio Tinto Group; Autonomous Solutions Inc.
- Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA
- Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
- Time series: Five years historic and ten years forecast.
- Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita,
- Data segmentations: country and regional historic and forecast data, market share of competitors, market segments.
- Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
- Delivery format: PDF, Word and Excel Data Dashboard.
Executive Summary
Major players in the mining automation market are Hexagon AB, Rockwell Automation Inc., Komatsu Ltd., Rio Tinto Group, Autonomous Solutions Inc., Sandvik AB, Caterpillar Inc., Hitachi Construction Machinery Co Ltd., RPM Global Holdings, Trimble Inc., Siemens AG, Mine Site Technologies Pty Limited, Symboticware Inc., ABB Ltd., and Epiroc AB.
The global mining automation market is expected to grow from $3.50 billion in 2022 to $3.74 billion in 2023 at a compound annual growth rate (CAGR) of 7.05%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The mining automation market is expected to reach $4.94 billion in 2027 at a CAGR of 7.18%.
The mining automation market includes revenues earned by entities by process instrumentation and analytics, gearless mill control, and advanced process control. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.
Mining automation refers to the process of mining by removing human labour and using mining equipment like robotic components, GPS, and advanced software that increases production. They are used to reduce capital and labour costs and to gain full control of the operations.
Asia-Pacific was the largest region in the mining automation market in 2022. The regions covered in the mining automation market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
The major offerings in mining automation are equipment, software, and communication systems. Equipment refers to machines or tools that are used for a particular activity or purpose. Various techniques are used in mining automation, such as surface mining and underground mining. Workflows involved in mining automation are mine development, mining processes, and mine maintenance, used for metal mining, mineral mining, and coal mining.
Rising demand for mining activities is expected to propel the growth of the mining automation market going forward. Mining activities refer to extraction activities that are connected to getting valuable or useful minerals from the Earth. They are the activities directly involved in mineral and metal exploration and production. Mining automation minimises production loss and improves safety and productivity in mineral activities, so an increase in mineral activities will propel market growth. For instance, in 2022, according to S&P Global Inc., a US-based leading provider of iconic and innovative index solutions, the global exploration budgets increased by 35% to $11.24 billion in 2021 from $8.35 billion in 2020. Furthermore, global exploration activity increased by 70% in 2021, from 27854 drill holes in 2020 to 68,880 drill holes in 2021. Therefore, the rising demand for mining activities is driving the mining automation market. Therefore, the rising demand for mining activities is driving the mining automation market.
Technological advancement is a key trend in the mining automation market. Major companies in the mining automation market are focused on developing new mapping solutions to strengthen their position in the market. For instance, in August 2022, Sandvik, a Sweden-based specialised engineering company in mining, metal cutting, and construction, introduced the automation AutoMine® mapping solution, an innovative new solution created to use mapped data to increase efficiency and increase the safety of autonomous vehicle navigation in deep mining operations. It enables a vehicle to transform 3D maps into 2D and record an underground 3D environment safely. Productivity and efficiency are increased by faster configuration and the ability to keep using other equipment in the area while it is being mapped. The cutting-edge technology used by AutoMine® Mapping Solution speeds up and lowers the cost of manual mapping while enabling a safer and more productive autonomous subterranean operating environment.
In April 2021, Sandvik AB, a Sweden-based specialised engineering company in mining, metal cutting, and construction, acquired Deswik for an undisclosed amount. Through this acquisition of combined resources, Sandvik expands and strengthens the integrated software platforms to support digitalisation throughout the mine planning stages. The acquisition is expected to enable Deswik to enhance and accelerate the growth rate of Sandvik's presence in software and digitalisation. Deswik is an Australia-based provider of mine planning software.
The countries covered in the mining automation market report are: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK and USA.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
The mining automation market research report is one of a series of new reports from The Business Research Company that provides mining automation market statistics, including mining automation industry global market size, regional shares, competitors with a mining automation market share, detailed mining automation market segments, market trends and opportunities, and any further data you may need to thrive in the mining automation industry. This mining automation market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
Table of Contents
1. Executive Summary
2. Mining Automation Market Characteristics
3. Mining Automation Market Trends And Strategies
4. Mining Automation Market - Macro Economic Scenario
- 4.1. COVID-19 Impact On Mining Automation Market
- 4.2. Ukraine-Russia War Impact On Mining Automation Market
- 4.3. Impact Of High Inflation On Mining Automation Market
5. Mining Automation Market Size And Growth
- 5.1. Global Mining Automation Historic Market, 2017-2022, $ Billion
- 5.1.1. Drivers Of The Market
- 5.1.2. Restraints On The Market
- 5.2. Global Mining Automation Forecast Market, 2022-2027F, 2032F, $ Billion
- 5.2.1. Drivers Of The Market
- 5.2.2. Restraints On the Market
6. Mining Automation Market Segmentation
- 6.1. Global Mining Automation Market, Segmentation By Offering, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- Equipment
- Software
- Communication System
- 6.2. Global Mining Automation Market, Segmentation By Technique, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- Surface Mining
- Underground Mining
- 6.3. Global Mining Automation Market, Segmentation By Workflow, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- Mine Development
- Mining Process
- Mine Maintenance
- 6.4. Global Mining Automation Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- Metal Mining
- Mineral Mining
- Coal Mining
7. Mining Automation Market Regional And Country Analysis
- 7.1. Global Mining Automation Market, Split By Region, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 7.2. Global Mining Automation Market, Split By Country, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
8. Asia-Pacific Mining Automation Market
- 8.1. Asia-Pacific Mining Automation Market Overview
- Region Information, Impact Of COVID-19, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies
- 8.2. Asia-Pacific Mining Automation Market, Segmentation By Offering, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 8.3. Asia-Pacific Mining Automation Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
9. China Mining Automation Market
- 9.1. China Mining Automation Market Overview
- 9.2. China Mining Automation Market, Segmentation By Offering, Historic and Forecast, 2017-2022, 2022-2027F, 2032F,$ Billion
- 9.3. China Mining Automation Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F,$ Billion
10. India Mining Automation Market
- 10.1. India Mining Automation Market, Segmentation By Offering, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 10.2. India Mining Automation Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
11. Japan Mining Automation Market
- 11.1. Japan Mining Automation Market, Segmentation By Offering, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 11.2. Japan Mining Automation Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
12. Australia Mining Automation Market
- 12.1. Australia Mining Automation Market, Segmentation By Offering, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 12.2. Australia Mining Automation Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
13. Indonesia Mining Automation Market
- 13.1. Indonesia Mining Automation Market, Segmentation By Offering, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 13.2. Indonesia Mining Automation Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
14. South Korea Mining Automation Market
- 14.1. South Korea Mining Automation Market, Segmentation By Offering, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 14.2. South Korea Mining Automation Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
15. Western Europe Mining Automation Market
- 15.1. Western Europe Mining Automation Market Overview
- 15.2. Western Europe Mining Automation Market, Segmentation By Offering, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 15.3. Western Europe Mining Automation Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
16. UK Mining Automation Market
- 16.1. UK Mining Automation Market, Segmentation By Offering, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 16.2. UK Mining Automation Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
17. Germany Mining Automation Market
- 17.1. Germany Mining Automation Market, Segmentation By Offering, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 17.2. Germany Mining Automation Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
18. France Mining Automation Market
- 18.1. France Mining Automation Market, Segmentation By Offering, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 18.2. France Mining Automation Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
19. Eastern Europe Mining Automation Market
- 19.1. Eastern Europe Mining Automation Market Overview
- 19.2. Eastern Europe Mining Automation Market, Segmentation By Offering, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 19.3. Eastern Europe Mining Automation Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
20. Russia Mining Automation Market
- 20.1. Russia Mining Automation Market, Segmentation By Offering, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 20.2. Russia Mining Automation Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
21. North America Mining Automation Market
- 21.1. North America Mining Automation Market Overview
- 21.2. North America Mining Automation Market, Segmentation By Offering, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 21.3. North America Mining Automation Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
22. USA Mining Automation Market
- 22.1. USA Mining Automation Market Overview
- 22.2. USA Mining Automation Market, Segmentation By Offering, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 22.3. USA Mining Automation Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
23. South America Mining Automation Market
- 23.1. South America Mining Automation Market Overview
- 23.2. South America Mining Automation Market, Segmentation By Offering, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 23.3. South America Mining Automation Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
24. Brazil Mining Automation Market
- 24.1. Brazil Mining Automation Market, Segmentation By Offering, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 24.2. Brazil Mining Automation Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
25. Middle East Mining Automation Market
- 25.1. Middle East Mining Automation Market Overview
- 25.2. Middle East Mining Automation Market, Segmentation By Offering, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 25.3. Middle East Mining Automation Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
26. Africa Mining Automation Market
- 26.1. Africa Mining Automation Market Overview
- 26.2. Africa Mining Automation Market, Segmentation By Offering, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 26.3. Africa Mining Automation Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
27. Mining Automation Market Competitive Landscape And Company Profiles
- 27.1. Mining Automation Market Competitive Landscape
- 27.2. Mining Automation Market Company Profiles
- 27.2.1. Hexagon AB
- 27.2.1.1. Overview
- 27.2.1.2. Products and Services
- 27.2.1.3. Strategy
- 27.2.1.4. Financial Performance
- 27.2.2. Rockwell Automation Inc
- 27.2.2.1. Overview
- 27.2.2.2. Products and Services
- 27.2.2.3. Strategy
- 27.2.2.4. Financial Performance
- 27.2.3. Komatsu Ltd
- 27.2.3.1. Overview
- 27.2.3.2. Products and Services
- 27.2.3.3. Strategy
- 27.2.3.4. Financial Performance
- 27.2.4. Rio Tinto Group
- 27.2.4.1. Overview
- 27.2.4.2. Products and Services
- 27.2.4.3. Strategy
- 27.2.4.4. Financial Performance
- 27.2.5. Autonomous Solutions Inc
- 27.2.5.1. Overview
- 27.2.5.2. Products and Services
- 27.2.5.3. Strategy
- 27.2.5.4. Financial Performance
28. Key Mergers And Acquisitions In The Mining Automation Market
29. Mining Automation Market Future Outlook and Potential Analysis
30. Appendix
- 30.1. Abbreviations
- 30.2. Currencies
- 30.3. Historic And Forecast Inflation Rates
- 30.4. Research Inquiries
- 30.5. The Business Research Company
- 30.6. Copyright And Disclaimer