Smart Mining Solution - Global Market Outlook (2019-2027)
According to Stratistics MRC, the Global Smart Mining Solution Market is accounted for $9.20 billion in 2019 and is expected to reach $25.34 billion by 2027 growing at a CAGR of 13.5% during the forecast period. Some of the key factors propelling the market growth are increasing adoption of novel technologies, rising demand for autonomous vehicles, and need to ensure miner’s safety. However, inadequate infrastructure is the restraining factor for the growth of the market.
Smart mining is a process that makes use of advanced technology to obtain improved safety, reduced operational costs, and better productivity for a mine site. Smart mining solutions are being increasingly incorporated into traditional mining approaches because of the benefits provided by it.
By automated equipment, the excavators segment is expected to grow at a significant market share during the forecast period which can be attributed to its increasing application in various mining activities. On the basis of geography, Asia Pacific is anticipated to hold considerable market share during the forecast period due to the increasing construction activities along with rising disposable income of people in this region.
Some of the key players in Smart Mining Solution Market include Rockwell Automation Inc, Hexagon AB, Caterpillar Inc, Komatsu Ltd, Hitachi Construction Machinery Co Ltd, Atlas Copco, SAP SE, Symboticware Inc, Stone Three Mining Pty Ltd, Alastri, and Trimble Navigation Limited.
Automated Equipment Covered:
• Drillers & Breakers
• Robotic Trucks
• Load Haul Dumpers
Sales Channels Covered:
• Manufacturer/Distributor/Service Provider
• North America
o Rest of Europe
• Asia Pacific
o New Zealand
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
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- Covers Market data for the years 2018, 2019, 2020, 2024 and 2027
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
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- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
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