Smart Mining Market to 2027 -Covid-19 Impact and North American Analysis By Component (Hardware, Software and Solution, and Service); Mining Type (Underground Mining, and Surface Mining); Hardware Type (RFID Tags, Sensors, Intelligent System, Others) ; Software Type ( Logistics Software , Data & Operation management, Safety & Security Systems, Connectivity Solutions, Analytics Solution, Remote Management Solution, and Asset Management Solution and Country.
The smart mining market in North America is expected to grow from US$ 2,418.4 Mn in 2019 to US$ 10,099.7 Mn by 2027; it is estimated to grow at a CAGR of 19.8% during 2020-2027. North America includes developed economies such as the US and Canada, along with several developing economies such as Mexico. Technological advancements have led to a highly competitive market in North America. The North American smart mining sector is experiencing growth, facing hindrances, and witnessing trends at the regional, provincial/state, and local levels. The world's largest mining companies have been working hard to cut costs and take the impairments required to support continued North America smart mining commodity demand.
On the basis of component, hardware segment led the smart mining market in 2018. In recent years, wearable devices have been in use in various applications in the mining industry to regulate production processes in hard rock mines, health and safety management in coal mines, and monitor environmental quality in industrial mineral mines.
The overall North America smart mining size has been derived using both primary and secondary sources. To begin the research process, exhaustive secondary research has been conducted using internal and external sources to obtain qualitative and quantitative information related to the market. It also provides the overview and forecast for the market based on the segmentation pertaining to the market in North America. Also, multiple primary interviews have been conducted with industry participants and commentators to validate the data, as well as to gain more analytical insights into the topic. The participants who typically take part in such a process include industry expert such as VPs, business development managers, market intelligence managers, and national sales managers along with external consultants such as valuation experts, research analysts, and key opinion leaders specializing in the North America smart mining market.
A few of the players operating in the North America smart mining market are ABB Ltd, Alastri, Caterpillar Inc, SAP SE, Trimble Inc, and Hitachi Ltd.
Reasons to Buy
The smart mining market in North America is expected to grow from US$ 2,418.4 Mn in 2019 to US$ 10,099.7 Mn by 2027; it is estimated to grow at a CAGR of 19.8% during 2020-2027. North America includes developed economies such as the US and Canada, along with several developing economies such as Mexico. Technological advancements have led to a highly competitive market in North America. The North American smart mining sector is experiencing growth, facing hindrances, and witnessing trends at the regional, provincial/state, and local levels. The world's largest mining companies have been working hard to cut costs and take the impairments required to support continued North America smart mining commodity demand.
On the basis of component, hardware segment led the smart mining market in 2018. In recent years, wearable devices have been in use in various applications in the mining industry to regulate production processes in hard rock mines, health and safety management in coal mines, and monitor environmental quality in industrial mineral mines.
The overall North America smart mining size has been derived using both primary and secondary sources. To begin the research process, exhaustive secondary research has been conducted using internal and external sources to obtain qualitative and quantitative information related to the market. It also provides the overview and forecast for the market based on the segmentation pertaining to the market in North America. Also, multiple primary interviews have been conducted with industry participants and commentators to validate the data, as well as to gain more analytical insights into the topic. The participants who typically take part in such a process include industry expert such as VPs, business development managers, market intelligence managers, and national sales managers along with external consultants such as valuation experts, research analysts, and key opinion leaders specializing in the North America smart mining market.
A few of the players operating in the North America smart mining market are ABB Ltd, Alastri, Caterpillar Inc, SAP SE, Trimble Inc, and Hitachi Ltd.
Reasons to Buy
- Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the North America smart mining market.
- Highlights key business priorities in order to assist companies to realign their business strategies
- The key findings and recommendations highlight crucial progressive industry trends in the North America smart mining market, thereby allowing players across the value chain to develop effective long-term strategies
- Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
- Scrutinize in-depth North America market trends and outlook coupled with the factors driving the market, as well as those hindering it
- Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing and distribution
Table of Contents
1. Introduction
3. Research Methodology
4. Smart Mining Market Landscape
5. Smart Mining Market - Key Market Dynamics
6. Smart Mining - North America Market Analysis
7. Smart Mining Market - By Component
8. Smart Mining Market - By Mining Type
9. North America Smart Mining Market - Country Analysis
10. Industry Landscape
11. Company Profiles
12. Appendix
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- ABB Ltd
- Alastri
- Caterpillar Inc
- Intellisense.io
- Hexagon AB
- Hitachi, Ltd
- MineSense
- Rockwell Automation, Inc
- SAP SE
- Trimble Inc
