Smart Mining Market is expected to reach US$ XX Mn by 2026 in terms of value with CAGR of XX% in the forecast period 2018-2026.
Smart mining, also known as telerobotic mining, includes remote-controlled robotic machinery for reducing the risk for miners and improving mineral extraction. Smart mining refers to the excellent use of technology, to achieve higher safety and productivity with minimal costs, within the mines. Mining companies have focused on improving productivity by offering innovative software & solutions. Earlier, the mining industry is moving in the direction of a more rapid, nontoxic, and much more precise manufacturing practices.
Increasing focus on safety & health, rapid adoption of IoT (internet of things) solutions, and rise in the adoption of autonomous equipment drive the market growth. Uncertain commodity price environment has put massive pressure on demand and supply side of the mining industry. Using IoT and Other smart devices, connected mining provides better operations management. Increased investments in smart technologies and fast adoption is helping the industry to grow.
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Smart Mining Market can be segmented into automated equipment, hardware component, system & solution, services, and region. Based on automated equipment, the automated excavators’ segment held the largest share of around 30% of the smart mining market in 2017. On the basis of the hardware component, amongst the hardware components, the Intelligent Electronics Systems dominated the major share of the global Smart Mining Market. In terms of system & solution, Data and Operation Management Software held the largest share of the global Smart Mining Market Size. By services, the Support and Maintenance services accounted for the major share of the global Smart Mining Market Size.
On the basis of region, Asia Pacific dominated the major share of the global Smart Mining Market. North America is anticipated to witness productive growth following the Asia Pacific. A substantial growth from India, Australia, and China. The rising number of mining activities are projected to inspiring the growth of the Asia Pacific smart mining market in the next few years.
The key players in Smart Mining Market are ABB Group, Rockwell Automation, Inc., Komatsu Ltd., Trimble Navigation Limited, Alastri, Caterpillar, Inc., Hitachi Construction Machinery Co., Ltd., Joy Global, Inc., Cisco Systems, Inc., and Hexagon AB.
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Smart Mining Market Scope
Smart Mining Market By Automated Equipment
• Load Haul Dump
• Drillers and Breakers
• Robotic Truck
Smart Mining Market By Hardware Component
• RFID tags
• Intelligent Systems
System & Solution
• Logistics Software
• Data & Operation Management Software
• Safety & Security Systems
• Connectivity Solutions
• Analytics Solutions
• Remote Management Solutions
• Asset Management Solutions
• Support & Maintenance
• System Integration
• Consulting Services
Smart Mining Market By Geography
• North America
• Middle East & Africa
• Latin America
Key Players operating in the market:
• ABB Group
• Rockwell Automation
• Komatsu Ltd.
• Trimble Navigation Limited
• Hitachi Construction Machinery Co.
• Joy Global Inc.
• Cisco Systems
• Hexagon A
• SAP SE
• Stone Three Mining Pty Ltd.
• Symboticware Inc.
• Atlas Copco.
• Sandvik AB
• Outotec Oyj
Maximize Market Research, a global market research firm with a dedicated team of specialists and data has carried out extensive research about the current smart mining market outlook. The report encompasses the smart mining market by different segments and region, providing the in-depth analysis of the overall industry ecosystem, useful for making the informed strategic decision by the key stakeholders in the industry. Importantly, the report delivers forecasts and share of the market, further giving an insight into the market dynamics, and future opportunities that might exist in the smart mining market. The driving forces, as well as considerable restraints, have been explained in depth. In addition to this, competitive landscape describing about the strategic growth of the competitors have been taken into consideration for enhancing market know-how of our clients and at the same time explain smart mining market positioning of competitors.
Browse Full Report with Facts and Figures of Smart Mining Market Report at: https://www.maximizemarketresearch.com/market-report/smart-mining-market/11594/
MAJOR TOC OF THE REPORT
Chapter One: Smart Mining Market Overview
Chapter Two: Manufacturers Profiles
Chapter Three: Global Smart Mining Market Competition, by Players
Chapter Four: Global Smart Mining Market Size by Regions
Chapter Five: North America Smart Mining Revenue by Countries
Chapter Six: Europe Smart Mining Revenue by Countries
Chapter Seven: Asia-Pacific Smart Mining Revenue by Countries
Chapter Eight: South America Smart Mining Revenue by Countries
Chapter Nine: Middle East and Africa Revenue Smart Mining by Countries
Chapter Ten: Global Smart Mining Market Segment by Type
Chapter Eleven: Global Smart Mining Market Segment by Application
Chapter Twelve: Global Smart Mining Market Size Forecast (2019-2026)
Maximize Market Research provides B2B and B2C market research on 20,000 high growth emerging technologies & opportunities in Chemical, Healthcare, Pharmaceuticals, Electronics & Communications, Internet of Things, Food and Beverages, Aerospace and Defense and other manufacturing sectors.
Name: Lumawant Godage
Organization: MAXIMIZE MARKET RESEARCH PVT. LTD.
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