Mining Automation Market by Technique (Surface Mining Technique and Underground Mining Technique), Type (Equipment, Software and Communications System) and Workflow (Mine Development, Mining Process and Mine Maintenance) - Global Analysis & Forecast 2019-2030
Report ID : 257 | Published Date : Jun 2020 | Pages : 170 | Region : Global | Report Code : ICT-23
Mining Automation Market Introduction & Overview
The mining automation technique involves extraction of valuable minerals, ores, lode, and other geological materials & resources using robotic technology and automation in mining vehicles. Mining automation ensures better efficiency, productivity, safety, and reduced operational costs. Moreover, these techniques also minimizes human labor involved in mining processes. Mining automation involves automating the mining process for both surface and underground operations.
The global mining automation market is driven by increasing demand for advanced mining equipment owing to rising awareness regarding safety of mineworkers. In addition, automating mining operations to eliminate human interference and simultaneously maintain real-time atmospheric monitoring & safety alerts is anticipated to drive the growth of mining automation market globally. Moreover, increasing investments by major equipment manufacturers for the development of automated vehicles for the mining industry have been pivotal in contributing to the extensive growth of the market. However, stringent regulations related to natural non- renewable resources are likely to restrain market to a certain extent.
The global mining automation market can be segmented into the following categories – technique, type and workflow.
Mining Automation Market by Technique
Based on technique, the mining automation market can be classified into surface mining and underground mining. In 2018, the underground mining segment is estimated to account for the largest share in the global mining automation market. The large share of this segment can be attributed to the wide-scale adoption of these techniques to avoid hazardous conditions which may arise during the process of mining, such as lack of proper ventilation, exposure to toxic gases, and adverse health effects among others.
Mining Automation Market by Type
Based on type, the market can be segmented into equipment, software, and communication systems. The equipment segment is further segmented into autonomous hauling/mining truck, underground LHD loader, pumping stations, smart ventilations system, tunneling equipment and others. In terms of market share, the equipment segment accounted for the largest market share in 2018, owing to the increasing demand for mining automation equipment across various applications such as metal mining, mineral mining, and coal mining.
Mining Automation Market by Workflow
The segment of mining automation workflow can be segmented into mine development, mining process, and mine maintenance.
Mining Automation Market by Region
The global mining automation market can be segmented into North America, Europe, Asia Pacific, and the Rest of the World (ROW). Asia Pacific dominated the mining automation market followed by North America and Europe in 2016. Asia Pacific is anticipated to continue its dominance in the global mining automation market during the forecast period owing to increasing adoption of drone technology, which enables quick data collection while simultaneously enhancing accuracy of designing mining plans and making necessary changes to obtain maximum output. Additionally, presence of major players, such as Komatsu Ltd., Sandvik, and Hexagon among others in the region is expected to further boost growth of the market.
Mining Automation Market Prominent Players
Some of the prominent players in the global mining automation market include Caterpillar, Komatsu, Sandvik, Hexagon, Atlas Copco, Hitachi, RPMGlobal, Trimble, MST Global, and other prominent players.