Mining Automation Market Size, Share & Trends Report

Mining Automation Market Size, Share & Trends Analysis Report By Solution (Software Automation, Services), By Application (Metal Mining, Mineral Mining), By Region, And Segment Forecasts, 2023 - 2030

Report ID: GVR-2-68038-386-7
Number of Report Pages: 159
Format: PDF, Horizon Databook

Historical Range: 2018 - 2021
Forecast Period: 2023 - 2030
Industry: Technology

Market Segmentation

Mining Automation Solution Outlook (Revenue, USD Million, 2018 - 2030)
- Software Automation
- Services
  - Implementation & Maintenance
  - Training
  - Consulting
- Equipment Automation
  - Autonomous Trucks
  - Remote Control Equipment
  - Teleoperated Mining Equipment
Mining Automation Application Outlook (Revenue, USD Million, 2018 - 2030)
- Metal Mining
- Mineral Mining
- Coal Mining
Mining Automation Regional Outlook (Revenue, USD Million, 2018 - 2030)
- North America
  - North America mining automation market by solution
    - Software automation
    - Services
      - Implementation & maintenance
      - Training
      - Consulting
    - Equipment automation
      - Autonomous trucks
      - Remote control equipment
      - Teleoperated mining equipment
  - North America mining automation market by application
    - Metal mining
    - Mineral Mining
    - Coal Mining
  - U.S mining automation market by solution
    - Software automation
    - Services
      - Implementation & maintenance
      - Training
      - Consulting
    - Equipment automation
      - Autonomous trucks
      - Remote control equipment
      - Teleoperated mining equipment
  - U.S mining automation market by application
    - Metal mining
    - Mineral Mining
    - Coal Mining
  - Canada mining automation market by solution
    - Software automation
    - Services
      - Implementation & maintenance
      - Training
      - Consulting
    - Equipment automation
      - Autonomous trucks
      - Remote control equipment
      - Teleoperated mining equipment
  - Canada mining automation market by application
    - Metal mining
    - Mineral Mining
    - Coal Mining
- Europe
  - Europe mining automation market by solution
    - Software automation
    - Services
      - Implementation & maintenance
      - Training
      - Consulting
    - Equipment automation
      - Autonomous trucks
      - Remote control equipment
      - Teleoperated mining equipment
  - Europe mining automation market by application
    - Metal mining
    - Mineral Mining
    - Coal Mining
  - Germany mining automation market by solution
    - Software automation
    - Services
      - Implementation & maintenance
      - Training
      - Consulting
    - Equipment automation
      - Autonomous trucks
      - Remote control equipment
      - Teleoperated mining equipment
  - Germany mining automation market by application
    - Metal mining
    - Mineral Mining
    - Coal Mining
  - U.K. mining automation market by solution
    - Software automation
    - Services
      - Implementation & maintenance
      - Training
      - Consulting
    - Equipment automation
      - Autonomous trucks
      - Remote control equipment
      - Teleoperated mining equipment
  - U.K. mining automation market by application
    - Metal mining
    - Mineral Mining
    - Coal Mining
- Asia Pacific
  - Asia Pacific mining automation market by solution
    - Software automation
    - Services
      - Implementation & maintenance
      - Training
      - Consulting
    - Equipment automation
      - Autonomous trucks
      - Remote control equipment
      - Teleoperated mining equipment
  - Asia Pacific mining automation market by application
    - Metal mining
    - Mineral Mining
    - Coal Mining
  - China mining automation market by solution
    - Software automation
    - Services
      - Implementation & maintenance
      - Training
      - Consulting
    - Equipment automation
      - Autonomous trucks
      - Remote control equipment
      - Teleoperated mining equipment
  - China mining automation market by application
    - Metal mining
    - Mineral Mining
    - Coal Mining
  - India mining automation market by solution
    - Software automation
    - Services
      - Implementation & maintenance
      - Training
      - Consulting
    - Equipment automation
      - Autonomous trucks
      - Remote control equipment
      - Teleoperated mining equipment
  - India mining automation market by application
    - Metal mining
    - Mineral Mining
    - Coal Mining
  - Japan mining automation market by solution
    - Software automation
    - Services
      - Implementation & maintenance
      - Training
      - Consulting
    - Equipment automation
      - Autonomous trucks
      - Remote control equipment
      - Teleoperated mining equipment
  - Japan mining automation market by application
    - Metal mining
    - Mineral Mining
    - Coal Mining
  - Australia mining automation market by solution
    - Software automation
    - Services
      - Implementation & maintenance
      - Training
      - Consulting
    - Equipment automation
      - Autonomous trucks
      - Remote control equipment
      - Teleoperated mining equipment
  - Australia mining automation market by application
    - Metal mining
    - Mineral Mining
    - Coal Mining
- Latin America
  - Latin America mining automation market by solution
    - Software automation
    - Services
      - Implementation & maintenance
      - Training
      - Consulting
    - Equipment automation
      - Autonomous trucks
      - Remote control equipment
      - Teleoperated mining equipment
  - Latin America mining automation market by application
    - Metal mining
    - Mineral Mining
    - Coal Mining
  - Brazil mining automation market by solution
    - Software automation
    - Services
      - Implementation & maintenance
      - Training
      - Consulting
    - Equipment automation
      - Autonomous trucks
      - Remote control equipment
      - Teleoperated mining equipment
  - Brazil mining automation market by application
    - Metal mining
    - Mineral Mining
    - Coal Mining
  - Mexico mining automation market by solution
    - Software automation
    - Services
      - Implementation & maintenance
      - Training
      - Consulting
    - Equipment automation
      - Autonomous trucks
      - Remote control equipment
      - Teleoperated mining equipment
  - Mexico mining automation market by application
    - Metal mining
    - Mineral Mining
    - Coal Mining
- MEA
  - MEA mining automation market by solution
    - Software automation
    - Services
      - Implementation & maintenance
      - Training
      - Consulting
    - Equipment automation
      - Autonomous trucks
      - Remote control equipment
      - Teleoperated mining equipment
  - MEA mining automation market by application
    - Metal mining
    - Mineral Mining
    - Coal Mining

Mining Automation Market Dynamics

Driver: Growing Concern For Mine And Labor Safety

The high risk associated with mining operations makes safety a priority area as many mishaps have taken place in recent years. Improving safety also helps the company cut down its cost that can occur due to damage or accidents at the mine site. Therefore, a well-orchestrated management system helps improve safety performance and can drive financial benefits for the company. In the future of mining, safety efforts are sustained by new technological approaches that stretch the safety net beyond what training procedures can provide. New smart programs and technologies such as Global Positioning System (GPS), location awareness technology, RFIDs, and collision detection/avoidance improve workers' safety. The mining companies are implementing wireless network technology that allows the use of Internet Protocol (IP) telephones, and advanced positioning technology is installed in several mines. The deployment of mining automation technology and software at the mine sites have reduced the number of mishaps occurring, thus, fueling the market growth for mining automation products.

Driver: Technological Advancement In Mining Equipment

The advent of the new technology benefits the entire mining cycle, starting from exploration to production and ending with the closure. The automated drones are used for the survey of mineral deposited sites that are located remotely and challenging to access. Drones can be used for the monitoring and inspection of underground activities and mining equipment. Robotics and autonomous vehicles are used for production activities. Robots powered by AI can perform various tasks including blasting, drilling loading, hauling, ore sampling, and rescuing trapped miners. An autonomous load haul dump vehicle can be used to carry the ores from mines to the port. Furthermore, 3D imaging technology, automated drilling, advanced airborne gravity gradiometer for mineral exploration, and advanced shaft and tunnel boring system are expected to ease the mining operations. Thus, the availability of technologically advanced mining equipment is boosting the growth of the mining automation market.

Restraint: High Machinery And Operating Costs

The high purchasing and maintenance cost associated with the automated equipment and solutions is expected to pose a challenge to the industry growth over the next few years. Apart from the high price, the lack of skilled personnel required to operate these automated equipments, coupled with the lack of proper training for automotive engineers, may significantly impact the demand. Furthermore, even after purchasing new automated equipment, these devices need to be sustained over decades before they start to yield returns. Funding such devices and equipment is proving to cause hindrance to the growth of the mining automation market. Another factor expected to challenge the growth includes the higher prices of these machines attributed to the new Environment Protection Agency (EPA) emission regulations. Increasing regulations from the local and international regulatory bodies pertaining to the handling of these heavy machines are expected to hamper industry growth. Also, mandates regarding the safety of the operator and workers in the workplace are anticipated to impact the product demand negatively.

What Does This Report Include?

This section will provide insights into the contents included in this mining automation market report and help gain clarity on the structure of the report to assist readers in navigating smoothly.

Mining automation market qualitative analysis

Industry overview
Industry trends
Market drivers and restraints
Market size
Growth prospects
Porter’s analysis
PESTEL analysis
Key market opportunities prioritized
Competitive landscape
- Company overview
- Financial performance
- Product benchmarking
- Latest strategic developments

Mining automation market quantitative analysis

Market size, estimates, and forecast from 2018 to 2030
Market estimates and forecast for product segments up to 2030
Regional market size and forecast for product segments up to 2030
Market estimates and forecast for application segments up to 2030
Regional market size and forecast for application segments up to 2030
Company financial performance

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