The Earth And Space Mining Sensors Global Market Report 2023, provides comprehensive information on the earth and space mining sensors market across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten year historic period – 2010-2021, and a ten year forecast period – 2023-2032.
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As per The Business Research Company’s Earth And Space Mining Sensors Global Market Report 2023, the market size is expected to grow from $1.23 billion in 2022 to $1.34 billion in 2023 at a compound annual growth rate (CAGR) of 9%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global earth and space mining sensors market size is expected to reach $1.81 billion in 2027 at a CAGR of 7.8%.
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Technological advancements are a key trend gaining popularity in the earth and space mining sensor market. Major companies operating in the earth and space mining sensor market are adopting new technologies to sustain their position in the market. For instance, in October 2020, Sandvik AB, a Sweden-based company specializing in mining products and services, launched the AutoMine Concept vehicle for mining. This fully operational and autonomous AutoMine Concept truck built with cutting-edge technologies and is outfitted with entirely new sensor capabilities and artificial intelligence to improve mining activities. The AutoMine Concept detects and responds to its environment in 3D in real-time. These technologies offer significant customer benefits by allowing vehicles to adjust and design their own routes, as well as identify optimal routes even in constantly shifting situations. The capacity to recognize obstacles, avoid crashes, and map 3D online improves flexibility and versatility.
The earth and space mining sensors market is segmented:
1) By Component: Solutions, Services
2) By Workflow: Mine Development, Mining Process, Mine Maintenance
3) By Technique: Surface Mining, Underground Mining
4) By End-user: Mineral Mines, Metal Mines, Coal Mines
North America was the largest region in the earth and space mining sensors market in 2022.
The table of contents in TBRC’s earth and space mining sensors market report includes:
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The Business Research Company is a market intelligence firm that pioneers in market, company, and consumer research. TBRC’s specialist consultants are located globally and are experts in a wide range of industries that include healthcare, manufacturing, financial services, chemicals, and technology. The firm has offices located in the UK, the US, and India, along with a network of proficient researchers in 28 countries. Through the report businesses can gain a thorough understanding of the market’s size, growth rate, major drivers and leading players.
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