According to the latest report by IMARC Group, titled “Smart Mining Market Report: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027,” the market to reach US$ 24.3 Billion by 2027, exhibiting a CAGR of 17.77% during 2022-2027.
Smart mining represents the automation of the mining process utilizing advanced solutions, including cloud, 3D imaging, modeling software, automated equipment, hardware, etc. It assists in providing real-time visibility of equipment conditions, minimizing downtime, eliminating maintenance costs, reducing operational pressure, etc. As a result, smart mining also ensures data security and long-term maintenance of critical assets, due to which it is gaining traction across the globe.
As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the industry behaviours of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.
Smart Mining Market Trends:
As conventional mining practices involve continuous exposure of the workers to ultra-violet (UV) rays, dust, noise, chemicals, etc., which causes severe health problems, there is a rise in demand for smart mining. Moreover, it is integrated with the autonomous fleet, remote-controlled equipment, and ventilation solutions to offer safe working conditions and enhance operational productivity. This, in turn, is acting as another growth-inducing factor. In addition to this, the implementation of novel technologies to ensure better quality production and the increasing adoption of price-cutting schemes in the mining industry are further catalyzing the product demand. Additionally, the growing environmental concerns, continuous technological advancements, and the implementation of stringent regulations by government bodies to control greenhouse gas emissions and air pollution are anticipated to drive the smart mining market in the coming years.
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Smart Mining Market 2022-2027 Analysis and Segmentation:
Competitive Landscape:
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
ABB Ltd, Caterpillar Inc, Cisco Systems Inc, Hexagon AB, Hitachi Ltd, Komatsu Ltd, Robert Bosch GmbH, Rockwell Automation Inc, Sandvik AB, SAP SE and Trimble Inc.
The report has segmented the market on the basis on region, type, component, automated equipment.
Breakup by Type:
- Underground Mining
- Surface Mining
Breakup by Component:
- Hardware
- Sensors
- RFID Tags
- Intelligent System
- Others
- Software
- Data and Operation Management Software
- Safety and Security Systems
- Connectivity Solutions
- Analytics Solutions
- Remote Management and Logistics Solutions
- Asset Management Solutions
- Services
- Support and Maintenance
- System Integration
- Consulting Services
Breakup by Automated Equipment:
- Excavator
- Robotic Truck
- Driller and Breaker
- Load Haul Dump
- Others
Breakup by Region:
- North America:(United States, Canada
- Asia-Pacific:(China, Japan, India, South Korea, Australia, Indonesia, Others)
- Europe: (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
- Latin America;(Brazil, Mexico, Others)
- Middle East and Africa
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Key highlights of the report:
- Market Performance (2016-2021)
- Market Outlook (2022- 2027)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
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IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
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The Global Smart Mining Market Research Report - Industry Analysis, Size, Share, Growth, Trends and Forecast Till 2026 gives an evaluation of the market developments based on historical studies and comprehensive research respectively.
The market segments are also provided with an in-depth outlook of the competitive landscape and a listing of the profiled key players.The report offers a value chain analysis that gives a comprehensive outlook of the smart mining market.
The attractiveness analysis of this market has also been included so as to evaluate the segments that are anticipated to be profitable during the forecast period.Geographically, the smart mining market has been segmented into regions such as North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa.
The study details country-level aspects based on each segment and gives estimates in terms of market size.Final Report will cover the impact of COVID-19 on this industry.Browse the complete Global Smart Mining Market Research Report – Industry Analysis, Size, Share, Growth, Trends and Forecast Till 2026 @ https://www.decisiondatabases.com/ip/8847-smart-mining-market-reportThe report also covers the complete competitive landscape of the global Smart Mining market with company profiles of key players such as:Rockwell Automation, Inc.SAP SETrimble Navigation Ltd.HexagonStone Three Mining Pty Ltd.Symboticware Inc.AlastriIntelisense.ioABB Ltd.Atlas CopcoCaterpillarHitachi Construction Machinery Co., Ltd.Joy Global Inc.Komatsu Ltd.Sandvik ABCisco Systems, Inc.Alcatel-LucentSEGMENTATIONS IN REPORT:Smart Mining Market Analysis by Automated Equipment:ExcavatorsLoad Haul DumpDrillers & BrakersRobotic TruckOther Automated EquipmentSmart Mining Market Analysis by Hardware Component:SensorsRFID TagsIntelligent SystemsOthersSmart Mining Market Analysis by Software Solutions:Logistics SoftwareData and Operation Management SoftwareSafety and Security SystemsConnectivity SolutionsAnalytics SolutionsRemote management SolutionsAsset management SolutionsSmart Mining Market Analysis by Services:Support and MaintenanceSystem Integration and Implementation servicesProduct Training ServicesConsulting ServicesSmart Mining Market Analysis by Geography:North AmericaEuropeAsia PacificLatin AmericaMiddle East And AfricaDownload Free Sample Report of Global Smart Mining Market @ https://www.decisiondatabases.com/contact/download-sample-8847The Global Smart Mining Market has been exhibited in detail in the following chapters –Chapter 1 Smart Mining Market PrefaceChapter 2 Executive SummaryChapter 3 Smart Mining Industry AnalysisChapter 4 Smart Mining Market Value Chain AnalysisChapter 5 Smart Mining Market Analysis By Automated EquipmentChapter 6 Smart Mining Market Analysis By Hardware ComponentChapter 7 Smart Mining Market Analysis By Software SolutionsChapter 8 Smart Mining Market Analysis By ServicesChapter 9 Smart Mining Market Analysis By GeographyChapter 10 Competitive Landscape Of Smart Mining CompaniesChapter 11 Company Profiles Of Smart Mining IndustryPurchase the complete Global Smart Mining Market Research Report @ https://www.decisiondatabases.com/contact/buy-now-8847Other Reports by DecisionDatabases.com:Global Base Metal Mining Market Research Report – Industry Analysis, Size, Share, Growth, Trends and Forecast Till 2026Global Coal Mining Market Research Report – Industry Analysis, Size, Share, Growth, Trends and Forecast Till 2026Global Marine Mining Market Research Report – Industry Analysis, Size, Share, Growth, Trends and Forecast Till 2026About-Us:DecisionDatabases.com is a global business research reports provider, enriching decision makers and strategists with qualitative statistics.
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We provide intellectual, precise and meaningful data at a lightning speed.For more details:DecisionDatabases.comE-Mail: [email protected]: +91 9028057900Web: https://www.decisiondatabases.com/
