Smart Mining Solution Market Analysis

  • Report ID: 3381
  • Published Date: Aug 28, 2024
  • Report Format: PDF, PPT

Smart Mining Solution Market Analysis

The market is segmented by services into system integration & implementation services, support & maintenance, product training services, and consulting services, out of which, the system integration & implementation services segment is anticipated to hold the largest share in the global smart mining market. This can be accounted to the growing integration of smart system and internet of things for replacing the legacy parts of systems, and rise in incorporation of radiofrequency technology and wireless sensor networks inside the mines. Additionally, on the basis of hardware component, the intelligent systems segment is predicted to grab the largest share over the forecast period owing to the significant reduction in the time taken to perform a task, and ability of these systems to perform complex tasks without major cost outlays.

Our in-depth analysis of the global smart mining market includes the following segments

          By Hardware Component

 

  • Sensors
  • RFID Tags
  • Intelligent Systems
  • Others

           By Software Solution

  • Logistics Software
  • Data and Operation Management Software
  • Safety and Security Systems
  • Others

            By Service

 

  • System Integration & Implementation Services
  • Support & Maintenance
  • Product Training Services
  • Consulting Services

          By Automated Equipment

 

  • Excavators
  • Load Haul Dump
  • Drillers & Breakers
  • Robotic Truck
  • Others
 
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Browse Key Market Insights with Data Illustration:


Author Credits:  Richa Gupta


  • Report ID: 3381
  • Published Date: Aug 28, 2024
  • Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

In the year 2024, the industry size of smart mining is estimated at USD 15.46 billion.

Smart Mining Market size was over USD 14.18 billion in 2023 and is set to cross USD 57.03 billion by 2036, growing at more than 11.3% CAGR during the forecast period i.e., between 2024-2036. The market growth is impelled by growing adoption of automation equipment worldwide and increasing demand for metals and minerals in various industries.

Latin America is expected to account for largest revenue share by 2036, on the back of rising demand for mine plants equipped with remote surveillance and collaborated environment, and increasing government expenditure for technological advancements in the region.

The major players in the market are ABB Ltd., Caterpillar Inc., Atlas Joy Global Inc., Cisco Systems Inc., Hitachi Construction Machinery Co. Ltd., and others.
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