Smart Mining - Global Market Outlook (2018-2027)
According to Stratistics MRC, the Global Smart Mining Market is accounted for $9,086.42 million in 2018 and is expected to reach $37,044.50 million by 2027 growing at a CAGR of 16.9% during the forecast period. Rising focus on safety & health, rapid adoption of IoT (Internet of Things) solutions, and increasing adoption of autonomous equipment are the major factors driving the market growth. However, stringent government regulations concerning air, water, and environment are restraining the market growth.
Smart mining refers to the use of data, self-sufficiency, and technology to facilitate high productivity, improved safety, and low operational expenses during mining. Smart mining, also known as telerobotic mining, includes remote-controlled robotic machinery for reducing the risk for miners and improving mineral extraction.
Based on the mining type, the underground mining segment is likely to have a huge demand because underground mining is used to extract ore from below the surface of the earth safely, economically and with as little waste as possible. By geography, North America is going to have a lucrative growth during the forecast period due to its mining industry (especially coal mining), due to political sensitivity and some of the prominent players operating across the region.
Some of the key players profiled in the Smart Mining Market include Wenco International Mining Systems Ltd (Hitachi Construction Machinery Co., Ltd.), Trimble Inc., Symboticware Inc., SAP SE, Rockwell Automation Inc., Outotec OYJ, Komatsu Mining Corporation (Joy Global), Intellisense.IO, IBM Corporation, Hexagon AB, Cisco Systems Inc., Atlas Copco , and ABB Ltd.
• Robotic Truck
• Drillers & Brakers
• Load Haul Dump
Mining Types Covered:
• Surface Mining
• Underground Mining
• North America
o Rest of Europe
• Asia Pacific
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2017, 2018, 2019, 2023 and 2027
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
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