Connected Mining Market Report 2026

The connected mining market size has grown rapidly in recent years. It will grow from $17.23 billion in 2025 to $19.96 billion in 2026 at a compound annual growth rate (CAGR) of 15.9%. The growth in the historic period can be attributed to increasing mechanization of mining operations, adoption of fleet management systems, expansion of surface mining activities, rising focus on operational efficiency, availability of industrial connectivity solutions.

The connected mining market size is expected to see rapid growth in the next few years. It will grow to $35.35 billion in 2030 at a compound annual growth rate (CAGR) of 15.4%. The growth in the forecast period can be attributed to increasing investments in digital mining transformation, rising demand for remote mining operations, expansion of underground connectivity infrastructure, growing integration of ai-driven analytics, increasing focus on sustainable mining practices. Major trends in the forecast period include increasing deployment of real-time mine monitoring systems, rising adoption of autonomous mining operations, growing use of predictive maintenance analytics, expansion of cloud-based mining management platforms, enhanced focus on workforce safety technologies.

The increasing demand for metals and minerals is expected to drive the growth of the connected mining market. Metals and minerals, including both metallic elements and non-metallic substances, are essential for various industrial applications such as manufacturing, construction, and energy production. Connected mining enables real-time monitoring of equipment, mineral extraction processes, and operational conditions, leading to improved decision-making, predictive maintenance, and optimized resource utilization in mining operations. For example, in July 2023, the International Energy Agency reported strong growth in demand for critical minerals, with lithium demand rising by 30%, and demand for nickel, cobalt, graphite, and rare earth elements increasing by 8% to 15%. Additionally, China's overseas mining investments, particularly in battery metals like lithium and cobalt, reached a record $10 billion in the first half of 2023, continuing a decade-long growth trend. Consequently, the rising demand for metals and minerals is propelling the expansion of the connected mining market.

Leading companies in the connected mining market are focusing on advancing digital technologies, such as IoT and data analytics, to improve operational efficiency, safety, and sustainability. One example is ABB Care for Hoisting, a proactive maintenance service by ABB aimed at optimizing the performance and availability of mining hoisting systems while reducing downtime through advanced digital solutions. In September 2024, ABB Ltd., a Switzerland-based automation company, introduced a new suite of service offerings: ABB Care for Mining Automation and ABB Care for Hoisting. These services are designed to shift mining operations from traditional reactive maintenance to proactive solutions, improving productivity and operational health while minimizing downtime. ABB’s Care framework provides preventive services to ensure smooth and efficient operations in mining.

In April 2025, Weir Group PLC, a UK-based provider of mining technology and engineering solutions, acquired Micromine for about USD 0.79 billion (GB£624 million). Through this acquisition, Weir aims to strengthen its connected mining technology capabilities by integrating Micromine’s mining software solutions and expanding its digital mining platform across exploration, mine design, planning, and operations. Micromine is an Australia-based company that offers software solutions for mining operations, covering exploration, mine design, planning, and operational management.

Major companies operating in the connected mining market are ABB Ltd.; International Business Machines Corporation (IBM); SAP SE; Cisco Systems Inc.; Schneider Electric SE; Caterpillar Inc.; Komatsu Ltd.; Hitachi Construction Machinery Co. Ltd.; Hexagon AB; Sandvik AB; Epiroc AB; Wenco International Mining Systems Ltd.; MineWare Pty Ltd.; RPMGlobal Holdings Limited; Siemens AG; Rockwell Automation Inc.; Trimble Inc.; OSIsoft LLC; Maptek Pty Ltd.; Dassault Systèmes SE; IntelliSense. io Ltd.; Motion Metrics International Corp.; MST Global Pty Ltd.; Fluidmesh Networks LLC; Swift Navigation Inc.; MineSense Technologies Ltd.; Micromine Pty Ltd.

North America was the largest region in the connected mining market in 2025.Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the connected mining market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the connected mining market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Taiwan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

Tariffs are impacting the connected mining market by increasing costs of imported sensors, communication equipment, autonomous vehicle components, and industrial networking systems used in digitally integrated mines. Mining operators in North America and Europe are most affected due to reliance on imported high-tech equipment, while Asia-Pacific faces higher costs for scaling connected mining deployments. These tariffs are increasing capital requirements and slowing modernization programs. However, they are also driving localized technology partnerships, regional system integration, and greater emphasis on software-driven optimization in connected mining environments.

The connected mining market research report is one of a series of new reports that provides connected mining market statistics, including connected mining industry global market size, regional shares, competitors with a connected mining market share, detailed connected mining market segments, market trends and opportunities, and any further data you may need to thrive in the connected mining industry. This connected mining market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

Connected mining refers to a process that uses variously integrated and, indeed, connected mining solutions to manage industrial mining operations more efficiently. Connected mine is a multi-value solution that makes use of mobile, tracking, analytics, and cloud technology.

The main types of connected mining market components are solutions and services. Solutions are used in plant and mine operations, industrial safety and security, mobile fleet operations, and workforce enabled. A solution is an offering that uses a product that is customized for each client to address a particular or common issue. The services are professional and managed. The various solutions are asset tracking and optimization, industrial safety and security, analytics and reporting, process control, operational performance, and quality optimization solutions. The various automated types of equipment are driller and breaker, load haul dump, mining excavator, and robotic truck. The various end users are engineering and maintenance, consulting services, production training service, and implementation and integration service.

The connected mining market consists of revenues earned by entities by providing connected mining for surface and underground mining enabling companies to gather data to gain complete visibility of their operations and to make wise business decisions that help to enhance mining operations. The market value includes the value of related goods sold by the service provider or included within the service offering. Values in this market are ‘factory gate’ values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. Only goods and services traded between entities or sold to end consumers are included.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

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