The Connected Mining Solutions Market is a comprehensive report analyzing the latest developments on the market for connected solutions used in the mining sector. This strategic research report provides you with 180 pages of unique business intelligence including 5-year industry forecasts and expert commentary on which to base your business decisions.Connected Mining Solutions is Forecasted To Reach 1.2 Million Units in 2023
Highlights from this report:
- Insights from numerous interviews with market-leading companies.
- Perspectives on the impact of emerging technologies.
- Profiles of key players offering connected mining solutions.
- Overview of the connected mining value chain and key applications.
- Summary of the latest industry trends and developments.
- Forecasts of connected mining solutions lasting until 2023.
This report answers the following questions:
- What types of techniques are used in surface and underground mining respectively?
- Which are the major types of mining equipment?
- Which are the main connected mining applications and concepts?
- How will the installed base develop in the coming years?
- Which are the key providers of connected mining solutions?
- What offerings are available from equipment OEMs?
- What other types of players are involved in the connected mining value chain?
- Which are the major trends and drivers affecting the market?
- How will the market for connected mining solutions evolve in the future?
Who should buy this report?
The Connected Mining Solutions Market is the foremost source of information about the market for connected solutions used in the mining sector. Whether you are a mining technology provider, equipment manufacturer, telematics vendor, communications provider, investor, consultant, or government agency, you will gain valuable insights from our in-depth research.Table of Contents
Executive summary
Executive Summary
The total installed base of connected mining solutions reached almost 0.6 million units in use worldwide across the equipment, people and environment segments in 2018. The equipment segment accounts for the largest share of the total, representing connected devices deployed on machines and vehicles used in mining operations. This includes solutions ranging from OEM telematics systems on mining equipment to advanced connected solutions supplied by mining technology specialists.
The people segment consists of various solutions deployed to support the safety and productivity of mining personnel, while the environment segment includes sensor technology implemented for environmental monitoring of the mine itself. Growing at a compound annual growth rate of 15.5 percent, the installed base of connected mining solutions across all segments is forecasted to reach close to 1.2 million units in 2023. Asia-Pacific is estimated to account for the largest share of the total installed base, followed by North America, the Middle East & Africa, Latin America and Europe.
The top players active in the connected mining space include strikingly different types of companies, ranging from specialized independent technology suppliers of varying sizes up to the leading mining equipment manufacturers. Many of the key players today serve both surface and underground mining customers. The surface segment is dominated by Modular Mining Systems (owned by Komatsu), Hexagon Mining, Wenco International Mining Systems (owned by Hitachi Construction Machinery) and Caterpillar through its Cat MineStar suite.
Modular, Hexagon and Caterpillar all serve underground customers in addition to a primary presence in the surface segment, while Wenco is fully focused on surface mining. VIST Group is also a player in the surface segment and serves some underground operations as well. Examples of key technology providers focused specifically on underground applications are Newtrax Technologies (recently acquired by Sandvik) and Mobilaris (partially owned by Epiroc). The underground segment is, in general, less mature and more fragmented. Mine Site Technologies, MICROMINE, and rapidBizApps are additional strong players in the underground segment that all also serve surface customers to varying extents.
Companies Mentioned
A selection of companies mentioned in this report includes:
- ASI
- Caterpillar
- Epiroc
- Hexagon Mining
- Hitachi Construction Machinery
- iVolve
- Komatsu
- Liebherr
- MICROMINE
- Mine Sense Solutions
- Mine Site Technologies (MST)
- Minetec (Codan)
- Mining TAG
- MinLog (Maptek)
- Mobilaris
- Modular Mining Systems (Komatsu)
- Newtrax Technologies (Sandvik)
- Northern Light Technologies (NLT)
- rapidBizApps
- RCT
- Sandvik
- Symboticware
- Terex
- VIST Group
- Volvo CE (Volvo Group)
- Wenco International Mining Systems (Hitachi Construction Machinery)
Methodology
The Internet of Things is very diverse. There are hundreds of different use cases, each with different dynamics. The starting point is to segment the market.
The analyst begins with a number of sectors: Automotive, Cities, Health, Industry, Home, Industrial, Energy, Retail and Consumer Electronics. Each of these sectors breaks down into a number of applications. In total across all sectors, the analyst examines around 150 separate applications. It is at this application level that they generate their IoT forecast. The analyst builds reliable data bottom-up. They take into consideration the current adoption rate, regulations, demographics, vertical-specific statistics, value chain structure, etc.
The rigorous data collection methods are based on first-hand and secondary sources. The analyst conducts many hundreds of executive interviews on a yearly basis with companies from all parts of the IoT value chain. They talk to on a regular basis all major mobile operator groups and regulators as well as the chipset, module, and terminal vendors. They also interview many companies in each of the vertical markets.
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