Latin America Mining Automation Market Size & Outlook
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Latin America mining automation market highlights
- The Latin America mining automation market generated a revenue of USD 486.6 million in 2024.
- The market is expected to grow at a CAGR of 7.7% from 2025 to 2030.
- In terms of segment, software automation was the largest revenue generating solution in 2024.
- Equipment Automation is the most lucrative solution segment registering the fastest growth during the forecast period.
- Country-wise, Brazil is expected to register the highest CAGR from 2025 to 2030.
Latin America data book summary
| Market revenue in 2024 | USD 486.6 million |
| Market revenue in 2030 | USD 770.4 million |
| Growth rate | 7.7% (CAGR from 2025 to 2030) |
| Largest segment | Software automation |
| Fastest growing segment | Equipment Automation |
| Historical data covered | 2018 - 2023 |
| Base year for estimation | 2024 |
| Forecast period covered | 2025 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Software Automation, Services, Equipment Automation |
| Key market players worldwide | Atlas Copco AB Class A, Autonomous Solutions, Caterpillar Inc, Epiroc AB DR, Hitachi Ltd, Komatsu Ltd, Liebherr Group, Rio Tinto PLC ADR, Rockwell Automation Inc, RPM International Inc, Sandvik AB, Siemens AG, Trimble Inc |
Other key industry trends
- In terms of revenue, Latin America region accounted for 8.5% of the global mining automation market in 2024.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 3,828.6 million by 2030.
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Mining Automation Market Scope
Mining Automation Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Autonomous Solutions | View profile | 51-100 | Mendon, Utah, United States, North America | http://www.asirobots.com/ |
| Atlas Copco AB Class A | View profile | 53728 | Sickla Industrivag 19, Nacka, Stockholm, Sweden, SE-105 23 | https://www.atlascopcogroup.com |
| RPM International Inc | View profile | 17274 | 2628 Pearl Road, P.O. Box 777, Medina, OH, United States, 44256 | https://www.rpminc.com |
| Rio Tinto PLC ADR | View profile | 57174 | 6 St James’s Square, London, United Kingdom, SW1Y 4AD | https://www.riotinto.com |
| Liebherr Group | View profile | 10001+ | Biberach An Der Riß, Baden-Wurttemberg, Germany, Europe | http://www.liebherr.com |
| Trimble Inc | View profile | 12700 | 10368 Westmoor Drive, Westminister, CO, United States, 80021 | https://www.trimble.com |
| Rockwell Automation Inc | View profile | 29000 | 1201 South Second Street, Milwaukee, WI, United States, 53204 | https://www.rockwellautomation.com |
| Siemens AG | View profile | 321000 | Werner-von-Siemens-Strabe 1, Munich, BY, Germany, 80333 | https://www.siemens.com |
| Epiroc AB DR | View profile | 18157 | Sickla Industrivag 19, Nacka, Stockholm, Sweden, SE-131 54 | https://www.epirocgroup.com |
| Sandvik AB | View profile | 40614 | Kungsbron 1, Section G, Floor 6, Stockholm, Sweden, 111 22 | https://www.sandvik.com |
| Komatsu Ltd | View profile | 70608 | 3-6 Akasaka 2-chome, Minato-ku, Tokyo, Japan, 107-8414 | https://www.komatsu.jp |
| Caterpillar Inc | View profile | 121173 | 5205 N. O'Connor Boulevard, Suite 100, Irving, TX, United States, 75039 | https://www.caterpillar.com |
| Hitachi Ltd | View profile | 322525 | 6-6, Marunouchi 1-chome, Chiyoda-ku, Tokyo, Japan, 100-8280 | http://www.hitachi.com |
Latin America mining automation market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to mining automation market will help companies and investors design strategic landscapes.
Software automation was the largest segment with a revenue share of 60.77% in 2024. Horizon Databook has segmented the Latin America mining automation market based on software automation, services, equipment automation covering the revenue growth of each sub-segment from 2018 to 2030.
The growth can be attributed to increased adoption of automation solutions in the country driven by the higher number of mines rich in various minerals.
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Our clientele includes a mix of mining automation market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of continent-level data and insights on the Latin America mining automation market , including forecasts for subscribers. This continent databook contains high-level insights into Latin America mining automation market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Latin America mining automation market size, by country, 2018-2030 (US$M)
Latin America Mining Automation Market Outlook Share, 2024 & 2030 (US$M)
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