The Mining Automation Global Market Report 2023, provides comprehensive information on the mining automation 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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The global mining automation market is expected to grow from $3.50 billion in 2022 to $3.74 billion in 2023 at a compound annual growth rate (CAGR) of 7.05%. 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 market size of the mining automation market is expected to reach $4.94 billion in 2027 at a CAGR of 7.18%.
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Technological advancement is a key trend in the mining automation market. Major companies in the mining automation market are focused on developing new mapping solutions to strengthen their position in the market. For instance, in August 2022, Sandvik, a Sweden-based specialised engineering company in mining, metal cutting, and construction, introduced the automation AutoMine® mapping solution, an innovative new solution created to use mapped data to increase efficiency and increase the safety of autonomous vehicle navigation in deep mining operations. It enables a vehicle to transform 3D maps into 2D and record an underground 3D environment safely. Productivity and efficiency are increased by faster configuration and the ability to keep using other equipment in the area while it is being mapped. The cutting-edge technology used by AutoMine® Mapping Solution speeds up and lowers the cost of manual mapping while enabling a safer and more productive autonomous subterranean operating environment.
The mining automation market is segmented:
1) By Offering: Equipment, Software, Communication System
2) By Technique: Surface Mining, Underground Mining
3) By Workflow: Mine Development, Mining Process, Mine Maintenance
4) By Application: Metal Mining, Mineral Mining, Coal Mining
Asia-Pacific was the largest region in the mining automation market in 2022.
The table of contents in TBRC’s mining automation market report includes:
- Executive Summary
- Mining Automation Market Characteristics
- Mining Automation Market Trends And Strategies
- Mining Automation Market – Macro Economic Scenario
- Mining Automation Market Size And Growth
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- Africa Mining Automation Market
- Mining Automation Market Competitive Landscape And Company Profiles
- Key Mergers And Acquisitions In The Mining Automation Market
- Mining Automation Market Future Outlook and Potential Analysis
- Appendix
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