Mining Automation Market to reach USD 12.3 Billion at a CAGR of 7.20% by 2030- Report by Market Research Future (MRFR) – Yahoo Finance

Mining Automation Market is Segmented by Offering, Software, Communication System, Operations, Maintenance, Development and Region
New York, USA, May 20, 2023 (GLOBE NEWSWIRE) — According to a Comprehensive Research Report by Market Research Future (MRFR), Mining Automation Market Information by Offering, Operations, and Region – Forecast till 2030”, Market could thrive at a rate of 7.20% between 2022 and 2030. The market size will be reaching around USD 12.3 Billion by the end of the year 2030
Mining Automation Market Synopsis
Mining automation refers to the use of technology and machinery to perform mining operations with minimal human intervention. The goal of mining automation is to improve efficiency, safety, and productivity in the mining industry. Automation technologies such as robotics, artificial intelligence, and machine learning are being increasingly adopted in the mining sector to improve performance and reduce costs.
Mining automation is used in a range of applications, including drilling, blasting, hauling, and excavation. It is particularly beneficial in underground mining, where it can help to improve safety by reducing the number of workers required to operate heavy machinery in hazardous conditions.
Mining Automation Market Competitive Landscape:
The affluent companies in the Mining Automation industry include
MST Global
ABB Limited
Komatsu Limited
Hexagon AB
Hitachi Limited
Trimble Inc
Rockwell Automation
Emerson Electric Co
Mitsubishi Electric Corporation
Schneider Electric
Wabtec Corporation
Honeywell International Inc
Atlas Copco
Caterpillar Inc
Yokogawa Electric Corporation
Get Free Sample PDF Brochure:
Report Scope:
Report Metric
Revenue forecast in 2030
USD 12.3 Billion
Growth Rate
CAGR of 7.20% from 2022 to 2030
Base Year
Study Period
Key Market Opportunities
The key players operating in the global mining automation market are heavily investing in acquiring the latest and advanced process control technologies from key players.
Key Market Drivers
  High demand for advanced manufacturing robotic technologies.

  Digitalization is increasing.
Buy Now Premium Research Report – Get Comprehensive Market Insights.
April 2021
Komatsu announced the launch of its new Intelligent Machine Control 2.0 technology. This technology uses artificial intelligence and machine learning to automate and optimize the operation of mining equipment, improving efficiency and reducing costs for mining companies.
Market USP Covered:
Market Drivers:
The mining automation market is driven by several factors, including the need for improved safety, increased productivity, and reduced operating costs. Automation technologies can help to minimize the risk of accidents and injuries in the mining industry, while also improving productivity and efficiency. The increasing adoption of digital technologies such as the Internet of Things (IoT), cloud computing, and big data analytics is also driving market growth, as these technologies can help to improve the performance of mining operations.
Another key market driver is the growing demand for minerals and metals, driven by the rapid industrialization and urbanization of emerging economies. This is leading to an increased demand for mining automation technologies, as mining companies seek to maximize production while minimizing costs.
Browse In-depth Market Research Report (100 Pages) on Mining Automation Market:
Mining Automation Market Restraints:
While the benefits of mining automation technologies are clear, their implementation can involve significant capital costs, which can be a major deterrent for some mining companies. These costs can include the purchase of equipment, software, and infrastructure, as well as the costs associated with the training of personnel and the integration of new technologies into existing mining operations. As a result, some companies may be hesitant to adopt mining automation technologies, which can slow down market growth.
Another major challenge facing the mining automation market is the lack of skilled workers to operate and maintain these technologies. This can be a significant hurdle, as these technologies often require specialized training and knowledge to operate effectively. Mining companies may need to invest in employee training programs or recruit new personnel to fill these roles, which can add to the overall costs associated with implementing mining automation technologies.
COVID 19 Analysis
The COVID-19 pandemic brought several challenges to the mining industry, such as the implementation of safety measures and travel restrictions, which hampered the supply chain of mining equipment and spare parts. However, the pandemic has also created opportunities for mining automation companies, as the mining industry has been looking for innovative ways to maintain production levels while minimizing human interaction and ensuring worker safety.
Moreover, the pandemic has increased the need for remote monitoring and maintenance, which can be facilitated by mining automation technologies. The mining automation market is expected to grow in the post-COVID scenario, driven by the need for enhanced safety measures, increased efficiency, and reduced operational costs.
Market Segmentation
By Offering
The Offering in the market includes Hardware (Autonomous Mining Truck, Autonomous Drilling Rig, Mining Load-Haul-Dump (LHD), Pumping Stations, Tunneling Equipment, others), Software (Fleet Management, Workforce Management, Remote Operations, and Monitoring, Temperature Monitoring System and others), Communication System (Navigation Systems, Wireless Mesh Networks, others).
By Operations
The Operations in the market include a Mining Process (Autonomous Haulage, Autonomous Drilling), Maintenance (HVAC, Mine Dewatering).
Gain Actionable Insights into the Mining Automation Market – Check for Discount
Regional Insights
The Asia Pacific region is expected to dominate the mining automation market during the forecast period, owing to the increasing demand for minerals and metals from countries like China, India, and Australia. Moreover, the presence of major mining automation players in the region is also driving market growth. North America and Europe are also significant regions in the mining automation market, owing to the increasing adoption of automation technologies in the mining industry and the presence of key market players in these regions.
Related Reports:
Autonomous multifunctional agriculture robot Market: Information by Component and Region—Forecast till 2030
Military Communication Market: Information by Type, By Application, By Platform and by Region—Forecast till 2030
Network Engineering Services Market Research Report: Information by Services Type, by Vertical, and Region – Global Forecast till 2030
About Market Research Future:
Market Research Future (MRFR) is a global market research company that takes pride in its services, offering a complete and accurate analysis regarding diverse markets and consumers worldwide. Market Research Future has the distinguished objective of providing the optimal quality research and granular research to clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help answer your most important questions.
Contact Us:
Market Research Future (Part of Wantstats Research and Media Private Limited)
99 Hudson Street, 5Th Floor
New York, NY 10013
United States of America
+1 628 258 0071 (US)
+44 2035 002 764 (UK)
Follow Us: LinkedIn | Twitter 

Damola Adamolekun says he doesn’t need work-life balance.
With one blunder after another, the brewing giant behind the brand became a case study in how not to handle a culture-war storm
'How America Works' host Mike Rowe unpacks how A.I. developments could impact jobs and offers a message to workers in light of white-collar recession fears.
Thousands of banks call the U.S. home. It added another 93 earlier this month when it bought First Republic Bank in a government-backed fire sale. America’s biggest bank is also a travel agency for big spenders and a media company serving up restaurant recommendations.
Flynn Restaurant Group harnesses internal and competitor data to take a surgical approach to selling fast food and sit-down meals.
Roughly half of today’s retirees (48%) say their retirement has involved even more surprises and challenges than expected.
AT&T has raised concerns that Starlink's and T-Mobile's satellite service, in its current proposed state, could interfere with existing wireless services.
(Bloomberg) — Money managers that trade derivatives linked to oil and fuel prices are about as bearish as they’ve been in more than a decade, suggesting they’re braced for a recession that could cause contracts from crude to jet fuel to take another tumble.Most Read from BloombergZelenskiy’s Surprise G-7 Stop Unnerves Critical Brazilian LeaderZelenskiy Signals Bakhmut Falling, Russian Casualties HighYellen Doubts US Could Still Pay All of Its Bills by June 15Traders Brace for Volatility With US
The memory chip market may have started to bottom out after more than a year of price declines brought about by a supply glut, as Yangtze Memory Technologies Corp (YMTC), China's top chip maker, is reportedly increasing prices. YMTC, which accounts for about 5 per cent of the global NAND memory chip market, recently informed its customers that it will increase pricing for its 3D NAND flash memory by up to 5 per cent, the Taiwan Economic Times reported on Thursday, citing unidentified sources. YM
The country's largest advocacy group for LGBTQ+ rights has suspended its benchmark equality and inclusion rating for Anheuser-Busch, citing the beer company's handling of the hate-filled and transphobic backlash to its partnership with transgender influencer Dylan Mulvaney last month. The Human Rights Campaign informed the Bud Light maker that it suspended the company's 2022 Corporate Equality Index score — a tool that measures corporate policies, practices and benefits related to the well-being of lesbian, gay, bisexual, transgender and queer employees — on May 9, according to a letter shared with the The Associated Press on Friday. The suspension of Anheuser-Busch’s CEI score means that the company “no longer has the right to use the ‘Best Places to Work’ distinction,” HRC’s letter says.
It sounds obvious, but it’s a fact that my very best small-business clients are always thinking ahead
DoorDash has been charging iPhone users more than Android users for identical deliveries, according to a lawsuit seeking class action status.
Non-qualified annuities have some unusual tax advantages. With these contracts, you invest money using after-tax dollars. The money in the annuity then grows tax-free or technically tax-deferred, until the contract matures. At that point, called the "annuitization," you begin receiving … Continue reading → The post Non-Qualified Annuity Taxation: Guide appeared first on SmartAsset Blog.
Investors in Asia seem to be betting bigger on American A.I. than China's.
College graduates continue to command higher wages, but to combat falling enrollment, schools need to emphasize skills over credentials.
Tech giant Apple reportedly restricted internal use of the AI chatbot over data leak concerns, joining Samsung and other corporate giants.
Some of the biggest hedge fund managers have talked to Insider about what it takes to join their ranks. Here's what we know.
The owner of Wagamama is facing mounting pressure to break itself up after a new activist investor took a stake in the business and called for change.
Gree Electric, one of China's biggest air-conditioner makers, is reportedly disbanding its smartphone unit after seven years amid sluggish consumer spending on electronics devices. Gree, based in the southern Chinese city of Zhuhai, has disbanded the core team of its smartphone business, which at its peak employed 100 people in the southern tech hub of Shenzhen, according to a report by Chinese media outlet Jiemian on Friday. Gree did not immediately respond to a request for comment on Sunday. D
(Bloomberg) — The extreme heat that’s been scorching Asia in recent weeks has produced one clear beneficiary — Russia.Most Read from BloombergZelenskiy’s Surprise G-7 Stop Unnerves Critical Brazilian LeaderZelenskiy Signals Bakhmut Falling, Russian Casualties HighYellen Doubts US Could Still Pay All of Its Bills by June 15Traders Brace for Volatility With US Debt Deal ElusiveAs countries across the region scramble to make sure they have enough coal, gas and fuel oil to keep the lights on, Russi


Leave a Comment