Market Overview

Global Mining Automation (Software Automation, Services, Equipment Automation) Market 2018-2025 - ResearchAndMarkets.com

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The "Mining
Automation Market Size, Share & Trends Analysis Report By Solution
(Software Automation, Services, Equipment Automation), By Application
(Metal, Coal, Mineral), And Segment Forecasts, 2018 - 2025"

report has been added to ResearchAndMarkets.com's
offering.

The global mining automation market size is expected to reach USD 6.2
billion by 2025 at a CAGR of 7.3% during the forecast period. Increasing
need to enhance accuracy and productivity of mining operations is
expected to drive market growth.

Need for optimizing production costs, reducing human intervention, and
changing the mining landscape are key growth-driving factors for the
market. Increasing investment in digital technologies, including
analytics and human-machine interactions, is also expected to be one of
the key factors boosting industry growth. Furthermore, complex stages
involved in supply chain activities and growing sophistication in mining
operations are driving the need for automation and robotics technology
in this sector.

Growing automation has led to adoption of drones as a step toward the
evolution of unmanned and aerial data collection technology in mines.
Automated drone systems are expected to become an essential technology
in future mining automation and digitization activities.

Several companies such as Tata Steel, Rio Tinto Group, and Komatsu Ltd.
are the early adopters of drone technology. Usage of these systems
enables quick data collection by enhancing accuracy in designing mine
plans and making necessary changes, thereby boosting operational
productivity.

Changing mining landscape across the globe along with dependence on
specific technologies is expected to create growth opportunities over
the next few years. Such changes in operations are challenging the
viability of traditional exploration and drilling technologies and
processes, thereby providing opportunities for the adoption of new
technologies.

Rising need for Geographic Information Systems (GIS) in mineral
exploration activities has boosted market growth. GIS enables
professionals to perform in-depth analysis of insights related to
mineral exploration, mining conditions, and geochemical or hydrological
data.

Several economies including India, Africa, and Brazil lack the potential
for growth owing to use of conventional exploration techniques and
equipment. Increased need for exploration in these economies with the
adoption of advanced technologies is expected to accelerate demand for
automated solutions over the forecast period.

Rising investments and government support, along with ongoing
initiatives such as Digital Transformation Initiative (DFT) for a
digital transition in the mining sector, would significantly boost the
adoption of automated solutions. For instance, in 2017, the Government
of Australia announced its plans to invest approximately USD 79 million
to encourage medium- and small-sized miners to carry out exploration
activities.

Further key findings from the report suggest:

  • The equipment automation segment is projected to expand at a CAGR of
    7.5% over the forecast period. Retrofitting existing equipment with
    automated technology is expected to substantially contribute to
    segment growth
  • The autonomous trucks sub-segment is expected to dominate the
    equipment automation segment over the forecast period, on account of
    their increased deployment to boost productivity and safety
  • The metal mining application segment is expected to grow at a
    significant rate over the forecast period, which can be attributed to
    increased gold exploration activities globally
  • The revenue share of Asia Pacific is expected to surpass 40.0% by
    2025, owing to growing penetration of automation solutions in
    economies including Australia and India
  • Prominent market players include Rockwell Automation, Inc.; Komatsu
    Ltd.; Rio Tinto Group; and Caterpillar Inc.
  • Increased investments in developing automated solutions by either
    launching new products or retrofitting existing equipment are some of
    the growth strategies adopted by key players

Companies Mentioned

  • Atlas Copco AB
  • Autonomous Solutions Inc. (ASI)
  • Caterpillar Inc.
  • Hexagon AB
  • Hitachi Construction Machinery Co, Ltd.
  • Komatsu Ltd.
  • Rio Tinto Group
  • Rockwell Automation, Inc.
  • Sandvik AB
  • Siemens AG

For more information about this report visit https://www.researchandmarkets.com/research/fq55t5/global_mining?w=4

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