Mining Automation Market by Technique, Type (Equipment, Software, Communications System), Equipment (Autonomous Hauling/Mining Trucks, Autonomous Drilling Rigs, Underground LHD Loaders, Tunneling Equipment) and Region - Global Forecast to 2023

  • ID: 4415800
  • Report
  • Region: Global
  • 148 Pages
  • Markets and Markets
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The Mining Automation Market Valued at USD 2.22 Billion in 2017 is Expected to Reach USD 3.29 Billion By 2023, at a CAGR of 6.77% Between 2017 And 2023.

FEATURED COMPANIES

  • Atlas Copco
  • Caterpillar
  • Hexagon
  • Komatsu
  • MST Global
  • Sandvik
  • MORE

“The mining automation market is estimated to witness significant growth between 2017 and 2023”

Key factors driving the growth of the mining automation include the increasing need for worker safety, the growing requirement for improving productivity, and the reduction in operating costs. However, the depletion of natural resources is a major restraining factor for the growth of the market.

“The underground mining segment of the mining automation market is expected to grow at the highest CAGR during forecast period”

Based on technique, the underground mining segment of the mining automation market is estimated to grow at the highest CAGR between 2017 and 2023. Underground miners have a high occupational risk. They have to face hazardous and life-threatening events such as collapse, flood, and release a tremendous amount of toxic gases while working in underground sites. Stringent regulations have forced mining companies to invest in advanced automated mining equipment for the safety of underground miner during mining operations. The increasing demand for automated mining equipment for underground operations is driving the underground mining automation market.

“Equipment is expected to lead the mining automation market between 2017 and 2023”

Based on type, the equipment segment is expected to account for the largest share of the mining automation market during the forecast period. Key factors such as the growing need for mine safety, increasing productivity, and controlling cost are driving the demand for advanced autonomous mining equipment.

“RoW to be the fastest-growing market for mining automation equipment during the forecast period”

The mining automation market in RoW (Congo, South Africa, Iran, and Kazakhstan) is expected to grow at the highest CAGR between 2017 and 2023. The region’s emergence as a preferred mining hub owing to its rich mineral reserves offers attractive opportunities for the mining companies. Highly undeveloped mining sector with mineral deposits scattered across vast geographical landscape presents a huge potential for the mining automation market in RoW.

The break-up of the profiles of primary participants for the report has been given below.

  • By Company Type: Tier 1 - 55%, Tier 2 - 30%, and Tier 3 - 15%
  • By Designation: C-Level - 53%, D Level - 26%, and Others - 21%
  • By Region: Americas - 40%, Europe - 20%, Asia Pacific - 35%, and RoW - 5%

Key players operating in the mining automation market include Autonomous Solutions Inc. (US), Atlas Copco (Sweden), Caterpillar (US), Hitachi (Japan), Hexagon (Sweden), Komatsu (Japan), RPMGlobal (Australia), Sandvik (Sweden), Trimble (US), Fluidmesh Networks (US), Mine Site Technologies (Australia), and Symboticware (Canada).

Research Coverage:

The research report on the mining automation market covers different segments based on technique, type, workflow, and region. Based on technique, the market has been segmented into underground mining and surface mining techniques. On the basis of type, the mining automation market has been classified into equipment, software, and communications system. Based on workflow, the market has been segmented into mining processes, mine maintenance, and mine development. Based on region, the market has been classified into 5 major regions, namely, North America, South America, Europe, Asia Pacific (APAC), and Rest of the World (RoW).

Key Benefits of Buying the Report:

  • Illustrative segmentation, analysis, and forecast for the market based on technique, type, workflow, and region have been conducted to offer an overall view of the mining automation market.
  • The value chain analysis has been performed to provide an in-depth insight into the mining automation market.
  • The report provides a detailed overview of major drivers, restraints, opportunities, and challenges influencing the growth of the mining automation market.
  • The report also includes competitive landscape, along with in-depth analysis and revenue of key players.
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FEATURED COMPANIES

  • Atlas Copco
  • Caterpillar
  • Hexagon
  • Komatsu
  • MST Global
  • Sandvik
  • MORE

1 Introduction
1.1 Study Objectives
1.2 Definition
1.3 Study Scope
1.3.1 Markets Covered
1.3.2 Years Considered for the Study
1.4 Currency
1.5 Limitations
1.6 Stakeholders

2 Research Methodology
2.1 Research Data
2.1.1 Secondary Data
2.1.1.1 Key Data from Secondary Sources
2.1.2 Primary Data
2.1.2.1 Key Data from Primary Sources
2.2 Secondary And Primary Research
2.2.1.1 Key Industry Insights
2.2.1.2 Breakdown of Primaries
2.3 Market Size Estimation
2.3.1 Bottom-Up Approach
2.3.1.1 Approach for Arriving at the Market Share By Bottom-Up Analysis (Demand Side)
2.3.2 Top-Down Approach
2.3.2.1 Approach for Capturing the Market Share By Top-Down Analysis (Supply Side)
2.4 Market Breakdown And Data Triangulation
2.5 Research Assumptions

3 Executive Summary

4 Premium Insights
4.1 Attractive Opportunities in the Mining Automation Market
4.2 Mining Automation Market, By Mining Process Workflow
4.3 Mining Automation Market in Asia Pacific, By Type
4.4 Mining Automation Market, By Workflow
4.5 Mining Automation Market in Asia Pacific, By Workflow And Country
4.6 Key Regions to Invest in the Mining Automation Market
4.7 Mining Automation Market, By Countries

5 Market Overview
5.1 Introduction
5.2 Market Dynamics
5.2.1 Drivers
5.2.1.1 Increasing Need for Worker Safety
5.2.1.2 Growing Requirement for Improving Productivity
5.2.1.3 Reduction in Operating Costs
5.2.2 Restraints
5.2.2.1 Depletion of Natural Resources
5.2.3 Opportunities
5.2.3.1 Growing Digitization in Mining Operations
5.2.3.2 Evolution of Smart Connected Mines
5.2.4 Challenges
5.2.4.1 Integrating Information Technology With Operational Technology
5.2.4.2 Lack of Skilled Personnel to Operate Automated Mining Equipment
5.3 Value Chain Analysis
5.4 Safety Regulations And Standards Related to Mine Safety

6 Mining Automation Market, By Technique
6.1 Introduction
6.2 Surface Mining Technique
6.3 Underground Mining Technique

7 Mining Automation Market, By Workflow
7.1 Introduction
7.2 Mine Development
7.2.1 Tunnel Boring
7.2.2 Construction of Access Roads
7.2.3 Site Preparation And Clearing
7.3 Mining Process
7.3.1 Autonomous Haulage
7.3.2 Automated Drilling
7.4 Mine Maintenance
7.4.1 Hvac
7.4.2 Mine Dewatering
 
8 Mining Automation Market, By Type
8.1 Introduction
8.2 Equipment
8.2.1 Autonomous Hauling/Mining Truck
8.2.2 Autonomous Drilling Rig
8.2.3 Underground Lhd Loader
8.2.3.1 Automation Solutions for Underground Lhd Loaders
8.2.4 Tunnelling Equipment
8.2.5 Smart Ventilations System
8.2.6 Pumping Stations
8.2.7 Others
8.2.7.1 Hybrid Shovels
8.2.7.2 Total Stations
8.3 Software
8.3.1 Workforce Management
8.3.2 Proximity Detection And Collision Avoidance System
8.3.3 Air Quality And Temperature Monitoring System
8.3.4 Fleet Management
8.3.5 Remote Operating And Monitoring
8.3.6 Data Management
8.3.7 Others
8.3.7.1 Asset Tracking Solution
8.3.7.2 Payload Monitoring
8.4 Communications System
8.4.1 Wireless Mesh Networks
8.4.2 Navigation System
8.4.3 Radio-Frequency Identification (Rfid)Tag

9 Geographic Analysis
9.1 Introduction
9.2 North America
9.2.1 Us
9.2.2 Canada
9.2.3 Mexico
9.3 South America
9.3.1 Bolivia
9.3.2 Peru
9.3.3 Chile
9.4 Europe
9.4.1 Russia
9.4.2 Sweden
9.4.3 Others
9.5 Asia Pacific
9.5.1 Australia
9.5.2 China
9.5.3 India
9.5.4 Others
9.6 Row
9.6.1 Congo
9.6.2 South Africa
9.6.3 Others

10 Competitive Landscape
10.1 Overview
10.2 Ranking Analysis
10.3 Competitive Situations And Trends
10.3.1 Product Launches
10.3.2 Agreements, Contracts, Collaborations, And Partnerships
10.3.3 Acquisitions
10.3.4 Expansions

11 Company Profiles
(Business Overview, Products, Technologies, And Services Offered, Strength of Product Portfolio, Business Strategy Excellence & Recent Developments)*
11.1 Caterpillar
11.2 Komatsu
11.3 Sandvik
11.4 Atlas Copco
11.5 Hexagon
11.6 Hitachi
11.7 Rpmglobal
11.8 Trimble
11.9 Autonomous Solutions Inc.
11.10 Fluidmesh Networks
11.11 Mst Global
11.12 Symboticware
11.13 Key Innovators
11.13.1 Volvo Group
11.13.2 Micromine
11.13.3 Remote Control Technologies
*Details On Business Overview, Products, Technologies, And Services Offered, Strength of Product Portfolio, Business Strategy Excellence & Recent Developments Might Not Be Captured in Case of Unlisted Companies.

12 Appendix
12.1 Insights of Industry Experts
12.2 Discussion Guide
12.3 Knowledge Store: Subscription Portal
12.4 Introducing Rt: Real-Time Market Intelligence
12.5 Available Customizations
12.6 Related Reports
12.7 Author Details

List of Tables
Table 1 Mining Automation Market, By Technique, 2014-2023 (USD Million)
Table 2 Mining Automation Market, By Workflow, 2014-2023 (USD Million)
Table 3 Mining Workflow Market, By Mine Development, 2014-2023 (USD Million)
Table 4 Mine Development Market, By Region, 2014-2023 (USD Million)
Table 5 Mining Workflow Market, By Mining Process, 2014-2023 (USD Million)
Table 6 Mining Process Market, By Region, 2014-2023 (USD Million)
Table 7 Mining Workflow Market, By Mine Maintenance, 2014-2023 (USD Million)
Table 8 Mine Maintenance Market, By Region, 2014-2023 (USD Million)
Table 9 Mining Automation Market, By Type, 2014-2023 (USD Million)
Table 10 Mining Automation Market, By Equipment, 2014-2023 (USD Million)
Table 11 Mining Automation Market, By Equipment, 2014-2023 (Units)
Table 12 Mining Automation Market for Equipment, By Region, 2014-2023 (USD Million)
Table 13 Mining Automation Market, By Software, 2014-2023 (USD Million)
Table 14 Mining Automation Market for Software, By Region, 2014-2023 (USD Million)
Table 15 Mining Automation Market, By Communications System, 2014-2023 (USD Million)
Table 16 Mining Automation Market for Communications System, By Region, 2014-2023 (USD Million)
Table 17 Mining Automation Market, By Region, 2014-2023 (USD Million)
Table 18 Mining Automation Market in North America, By Country, 2014-2023 (USD Million)
Table 19 Mining Automation Market in North America, By Type, 2014-2023 (USD Million)
Table 20 Mining Automation Market in North America, By Workflow, 2014-2023 (USD Million)
Table 21 Mining Automation Market in South America, By Country, 2014-2023 (USD Million)
Table 22 Mining Automation Market in South America, By Type, 2014-2023 (USD Million)
Table 23 Mining Automation Market in South America, By Workflow, 2014-2023 (USD Million)
Table 24 Mining Automation Market in Europe, By Country, 2014-2023 (USD Million)
Table 25 Mining Automation Market in Europe, By Type, 2014-2023 (USD Million)
Table 26 Mining Automation Market in Europe, By Workflow, 2014-2023 (USD Million)
Table 27 Mining Automation Market in Apac, By Country, 2014-2023 (USD Million)
Table 28 Mining Automation Market in Apac, By Type, 2014-2023 (USD Million)
Table 29 Mining Automation Market in Apac, By Workflow, 2014-2023 (USD Million)
Table 30 Mining Automation Market in Row, By Country, 2014-2023 (USD Million)
Table 31 Mining Automation Market in Row, By Type, 2014-2023 (USD Million)
Table 32 Mining Automation Market in Row, By Workflow, 2014-2023 (USD Million)
Table 33 Ranking of Top 5 Players in the Mining Automation Market, 2016
Table 34 Product Launches, 2015-2017
Table 35 Agreements, Contracts, Collaborations, And Partnerships, 2015-2017
Table 36 Acquisitions, 2016-2017
Table 37 Expansions, 2017

List of Figures
Figure 1 Mining Automation Market Segmentation
Figure 2 Mining Automation Market: Research Design
Figure 3 Market Size Estimation Methodology: Bottom-Up Approach
Figure 4 Market Size Estimation Methodology: Top-Down Approach
Figure 5 Data Triangulation
Figure 6 Assumption for the Research Study
Figure 7 Mining Automation Market Segmentation
Figure 8 Underground Mining Technique Expected to Hold a Larger Size of the Mining Automation Market in 2017
Figure 9 Market for Communications Systems Expected to Grow at the Highest CAGR During the Forecast Period
Figure 10 Remote Operating And Monitoring Software Expected to Hold Largest Market Size Between 2017 And 2023
Figure 11 Market for Other Automated Equipment Expected to Grow at the Highest CAGR Between 2017 And 2023
Figure 12 Apac Expected to the Hold the Largest Share of the Mining Automation Market in 2017
Figure 13 Reduction in Operating Costs Expected to Drive the Mining Automation
Figure 14 Market for Automated Drilling Expected to Grow at a Higher CAGR Between 2017 And 2023
Figure 15 Market for Communications Systems Estimated to Grow at the Highest CAGR Between 2017 And 2023
Figure 16 Mining Processes Expected to Hold a Major Market Share in 2017
Figure 17 Mining Processes Expected to Hold the Largest Market Share of the Mining Automation Market in 2017
Figure 18 Australia Expected to Hold Largest Share of the Mining Automation Market in 2017
Figure 19 Droc: Mining Automation Market, 2017
Figure 20 Value Chain Analysis: Major Value is Added During the System Integration Stage, 2016
Figure 21 Market Segmentation, By Mining Technique
Figure 22 Underground Mining Technique Expected to Dominate the Mining Automation Market During 2017-2023
Figure 23 Autonomous Haulage Segment Expected to Hold a Larger Size of the Mining Process Market in 2017
Figure 24 Asia Pacific Expected to Lead the Mining Maintenance Market During the Forecast Period
Figure 25 Autonomous Hauling Trucks to Hold the Largest Size of the Mining Automation Market By 2023
Figure 26 Asia Pacific Expected to Lead the Mining Automation Market for Software During the Forecast Period
Figure 27 Mining Automation Market in India Expected to Grow at the Highest CAGR During the Forecast Period
Figure 28 Snapshot of the Mining Automation Market in North America
Figure 29 Mexico Expected to Lead the Mining Automation Market in North America During the Forecast Period
Figure 30 Snapshot of the Mining Automation Market in Europe
Figure 31 Russia Expected to Hold the Largest Size of the European Mining Automation Market By 2023
Figure 32 Snapshot of the Mining Automation Market in Apac
Figure 33 Mining Automation Market in Row
Figure 34 Mining Automation Market in Congo Expected to Grow at the Highest CAGR During the Forecast Period
Figure 35 Key Players Adopted Product Launches And Acquisitions As the Key Growth Strategies Between 2015 And 2017
Figure 36 Market Evolution Framework: Product Launches Fuelled the Growth of the Mining Automation Market (2015-2017)
Figure 37 Battle for Market Share: Product Launches Was the Key Strategy Adopted Between 2015 And 2017
Figure 38 Caterpillar: Company Snapshot
Figure 39 Komatsu: Company Snapshot
Figure 40 Sandvik: Company Snapshot
Figure 41 Atlas Copco: Company Snapshot
Figure 42 Hexagon: Company Snapshot
Figure 43 Hitachi: Company Snapshot
Figure 44 Rpmglobal: Company Snapshot
Figure 45 Trimble: Company Snapshot

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FEATURED COMPANIES

  • Atlas Copco
  • Caterpillar
  • Hexagon
  • Komatsu
  • MST Global
  • Sandvik
  • MORE

The mining automation market is expected to grow from USD 2.22 Billion in 2017 to reach USD 3.29 Billion by 2023, at a CAGR of 6.77% between 2017 and 2023. Key factors such as the increasing need for worker safety, the growing requirement improvement in mining productivity, and the reduction in operating costs are driving the market growth.

The mining automation market has been segmented on the basis of technique, workflow, type, and geography.

The underground mining technique held the largest share of the mining automation market in 2016 owing to the major minerals found under the earth’s crust, which are explored, collected, and later on processed. Since working in underground mines is considered extremely hazardous, the need for advanced automated mining equipment is more for underground mining techniques. To safeguard mine workers, automated systems have been deployed at a huge rate in underground mines, which enables the market growth at a substantial rate.

The autonomous haulage mining process segment accounted for the largest market size in 2016. Hauling of ore from the mining pit to the dumping point is one of the most important and capital-intensive activities in mining operations. A continuous and efficient hauling cycle is necessary for the overall productivity of mining companies. Advantages such as the improved safety and productivity, the reduced maintenance cost, the efficient fuel consumption, the increased tire life, and the lesser downtime are achieved by automating the haulage processes inside a mine. The increasing implementation of digitized and integrated technologies such as GPS, advanced software,  wireless communications, and electronic controls have made autonomous hauling highly competent.

Mining equipment are expected to continue to account for the largest market size during 2017–2023. With advancements toward the successful implementation of autonomous haul trucks in mine sites, mining equipment manufacturing companies are beginning to innovate their product offerings. For instance, in September 2016, Komatsu Ltd. (Japan), a leading manufacturer of mining equipment, launched a new version of its autonomous haul truck. The new product, also known as “innovative autonomous haulage vehicle,” has a cabless structure to maximize the advantages of unmanned operations in challenging conditions. This innovative vehicle provides high-performance traveling in forward as well as reverse direction by distributing equal load to the 4 wheels when the vehicle is loaded and unloaded and by adopting 4-wheel drive, retarder, and steering. The new unmanned vehicle technology would enable mining operators to improve their productivity further.

Asia Pacific held the largest share of the mining automation market in 2016. Asia Pacific has immense natural reserves distributed among the countries throughout the region. APAC is estimated to become the largest market for mining equipment and implementation of mining automation technologies globally. The reason for this trend is the increased use of automated mining equipment by leading exploration and mining companies such as Rio Tinto, FMG Group, and BHP Billiton. These mining companies have started using automated mining equipment in their mine sites in the Western region of Australia. Moreover, the increasing digitization of mines and globalization of economies have attracted significant investments from the mining companies all over the world.

The major restraint for the mining automation market is the depletion of natural resources. The overexploitation of natural resources has resulted into exaction of lower ore grade. Moreover, the decreasing volume of resources has raised serious concerns among mining companies.

Top mining automation companies that provide equipment software and network services globally are Atlas Copco (Sweden), Caterpillar (US), Hexagon (Sweden), Komatsu (Japan), and Sandvik (Sweden). These companies are focusing on product launches and developments, acquisitions, and collaborations strategies to enhance their product and service offerings and expand their business.

Top companies are adopting an organic approach toward improving their position in the mining automation market, by either improving their existing product portfolio or by adding new offerings. For instance, in February 2017, Caterpillar launched a new medium wheel loader Cat 980L. The new loader is highly powerful and fuel-efficient, featuring significant drive-train and hydraulic-system refinement. The Cat 980L has a rigorous design that offers maximum reliability, durability, and high uptime. In June 2017, Komatsu America Corp., a subsidiary of Komatsu Ltd., launched HD325-8 and HD405-8 off-highway trucks. The new models have payload capacities of 36.5 and 40 metric tons, respectively. Equipped with EPA Tier 4 Final-certified engine and a rigid frame, the new trucks deliver increased power and improved productivity. The trucks consist of the Komatsu Traction Control System (KTCS) for optimum traction and driving performance. In March 2017, Sandvik AB launched a several new innovative mining, and rock excavation equipment solutions at the CONEXPO-CONAGG 2017 event held in Las Vegas, US. Products showcased at the event include Pantera DP1100i surface drill rig, UI310+ wheeled impact crusher, QE441 Free Flow mobile scalper, and CS550 automated cone crusher.

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  • Atlas Copco
  • Autonomous Solutions Inc.
  • Caterpillar
  • Fluidmesh Networks
  • Hexagon
  • Hitachi
  • Komatsu
  • Micromine
  • MST Global
  • Remote Control Technologies
  • Rpmglobal
  • Sandvik
  • Symboticware
  • Trimble
  • Volvo Group
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