Global Smart Mining Market Size study, by Type (Underground Mining and Surface Mining), Category (Automated Equipment, Component and Consulting Services) and Regional Forecasts 2020-2027

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  • Published Date:
    2 Jun 2021
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    Industrial Automation & Equipment
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Impact Analysis on the Growth of Market

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Global Smart Mining Market is valued approximately USD 23.46 billion in 2019 and is anticipated to grow with a healthy growth rate of more than 16.30 % over the forecast period 2020-2027. Smart Mining is a type of process to obtain enhanced safety, reduce operational costs, and gain better productivity for a mine site by using information, autonomy, and technology. It additionally involves remote-controlled robotic tools & equipment for mineral & metal extraction, which is mentioned as telerobotic mining, and decreases the hazard for humans. It has application in both underground mining and surface mining, also known as open pit or open cast mining, operations. The major drivers like adoption of autonomous equipment, focus on safety & health, growing environmental concerns, encourages the companies to ensure better quality processes and efficient production. Further, increasing investments in mining, discovery of new exploration sites & minerals, artificial intelligence empowers effectual connectivity among miners, optimum product output, and technological upgradation has led the adoption of Smart Mining across the forecast period. For Instance: in July 2019, the ABB Company launched ABB Ability Operations Management System for real-time integration in underground and open-pit mines for maximizing productivity. However, lack of highly skilled labor and poor infrastructure impedes the growth of the market over the forecast period of 2020-2027. Also, with the enforcement of favorable stringent regulations by several governments to control emission & air pollution, the adoption & demand for Smart Mining is likely to increase.

The regional analysis of global Smart Mining market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. Asia-Pacific is the leading/significant region across the world in terms of market share owing to developed infrastructure, availability of large mineral sites and government regulations. Whereas, Latin America and Rest of the World is also anticipated to exhibit highest growth rate / CAGR over the forecast period 2020-2027. Factors such as presence of software companies, adoption of artificial intelligence and presence of skilled labor would create lucrative growth prospects for the Smart Mining market across Asia-Pacific region.

Major market player included in this report are:
ABB Ltd.
Caterpillar Inc.
Cisco Systems, Inc.
Hexagon AB
Hitachi Ltd.
Komatsu Ltd.
Robert Bosch GmbH
Rockwell Automation Inc.
Sandvik AG
Trimble Inc.

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Type:
Underground Mining
Surface Mining
By Category:
Automated Equipment
Consulting Services
By Region:
North America

Asia Pacific
South Korea
Latin America
Rest of the World

Furthermore, years considered for the study are as follows:

Historical year – 2017, 2018
Base year – 2019
Forecast period – 2020 to 2027

Target Audience of the Global Smart Mining Market in Market Study:

Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers
Chapter 1. Executive Summary
1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2018-2027 (USD Billion)
1.2.1. Smart Mining Market, by Region, 2018-2027 (USD Billion)
1.2.2. Smart Mining Market, by Type, 2018-2027 (USD Billion)
1.2.3. Smart Mining Market, by Category, 2018-2027 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption
Chapter 2. Global Smart Mining Market Definition and Scope
2.1. Objective of the Study
2.2. Market Definition & Scope
2.2.1. Scope of the Study
2.2.2. Industry Evolution
2.3. Years Considered for the Study
2.4. Currency Conversion Rates
Chapter 3. Global Smart Mining Market Dynamics
3.1. Smart Mining Market Impact Analysis (2018-2027)
3.1.1. Market Drivers
3.1.2. Market Challenges
3.1.3. Market Opportunities
Chapter 4. Global Smart Mining Market Industry Analysis
4.1. Porter’s 5 Force Model
4.1.1. Bargaining Power of Suppliers
4.1.2. Bargaining Power of Buyers
4.1.3. Threat of New Entrants
4.1.4. Threat of Substitutes
4.1.5. Competitive Rivalry
4.1.6. Futuristic Approach to Porter’s 5 Force Model (2017-2027)
4.2. PEST Analysis
4.2.1. Political
4.2.2. Economical
4.2.3. Social
4.2.4. Technological
4.3. Investment Adoption Model
4.4. Analyst Recommendation & Conclusion
Chapter 5. Global Smart Mining Market, by Type
5.1. Market Snapshot
5.2. Global Smart Mining Market by Type, Performance - Potential Analysis
5.3. Global Smart Mining Market Estimates & Forecasts by Type 2017-2027 (USD Billion)
5.4. Smart Mining Market, Sub Segment Analysis
5.4.1. Underground Mining
5.4.2. Surface Mining
Chapter 6. Global Smart Mining Market, by Category
6.1. Market Snapshot
6.2. Global Smart Mining Market by Category, Performance - Potential Analysis
6.3. Global Smart Mining Market Estimates & Forecasts by Category 2017-2027 (USD Billion)
6.4. Smart Mining Market, Sub Segment Analysis
6.4.1. Automated Equipment
6.4.2. Component
6.4.3. Consulting Services
Chapter 7. Global Smart Mining Market, Regional Analysis
7.1. Smart Mining Market, Regional Market Snapshot
7.2. North America Smart Mining Market
7.2.1. U.S. Smart Mining Market Type breakdown estimates & forecasts, 2017-2027 Category breakdown estimates & forecasts, 2017-2027
7.2.2. Canada Smart Mining Market
7.3. Europe Smart Mining Market Snapshot
7.3.1. U.K. Smart Mining Market
7.3.2. Germany Smart Mining Market
7.3.3. France Smart Mining Market
7.3.4. Spain Smart Mining Market
7.3.5. Italy Smart Mining Market
7.3.6. Rest of Europe Smart Mining Market
7.4. Asia-Pacific Smart Mining Market Snapshot
7.4.1. China Smart Mining Market
7.4.2. India Smart Mining Market
7.4.3. Japan Smart Mining Market
7.4.4. Australia Smart Mining Market
7.4.5. South Korea Smart Mining Market
7.4.6. Rest of Asia Pacific Smart Mining Market
7.5. Latin America Smart Mining Market Snapshot
7.5.1. Brazil Smart Mining Market
7.5.2. Mexico Smart Mining Market
7.6. Rest of The World Smart Mining Market

Chapter 8. Competitive Intelligence
8.1. Top Market Strategies
8.2. Company Profiles
8.2.1. ABB Ltd. Key Information Overview Financial (Subject to Data Availability) Product Summary Recent Developments
8.2.2. Caterpillar Inc.
8.2.3. Cisco Systems, Inc.
8.2.4. Hexagon AB
8.2.5. Hitachi Ltd.
8.2.6. Komatsu Ltd.
8.2.7. Robert Bosch GmbH
8.2.8. Rockwell Automation Inc.
8.2.9. Sandvik AG
8.2.10. Trimble Inc.
Chapter 9. Research Process
9.1. Research Process
9.1.1. Data Mining
9.1.2. Analysis
9.1.3. Market Estimation
9.1.4. Validation
9.1.5. Publishing
9.2. Research Attributes
9.3. Research Assumption
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ABB Ltd.
Caterpillar Inc.
Cisco Systems, Inc.
Hexagon AB
Hitachi Ltd.
Komatsu Ltd.
Robert Bosch GmbH
Rockwell Automation Inc.
Sandvik AG
Trimble Inc.
Please enter your personal details below
I want to buy this report
I am willing to know the scope of research
I have customized query over this report

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