Global Mining Automation Market Trends, Applications, Analysis, Growth, and Forecast: 2018 to 2027

MarketResearch.biz delivers in-depth insights on the global mining automation market in its upcoming report titled, “Global Mining Automation Market Trends, Applications, Analysis, Growth, and Forecast: 2018 to 2027”. The global mining automation market is estimated to register a CAGR of X.X% in terms of value during forecast period 2018–2027. The report offers in-depth insights, revenue details, and other vital information regarding the target market, and the various trends, drivers, restraints, opportunities, and threats till 2027. The report offers insightful and detailed information regarding the various key players operating in the market, their financials, supply chain trends, technological innovations, key developments, apart from future strategies, acquisitions & mergers, and market footprint. The global mining automation market report has been segmented on the basis of technique, type, and region.

Mining is extraction of valuable minerals or other geological materials from the earth usually from an orebody, lode, vein, seam, reef or placer deposit.

Increasing penetration of internet of things technology/platform in order to maximize the efficiency of operations and increase production while reducing costs and improving the safety of mine through connected cars, Wi-Fi, etc. is a major factor driving growth of the global mining automation market. In addition, strict government regulations relating to worker safety in mining is another factor expected to boost growth of the global mining automation market. Moreover, introduction of various software systems that helps to monitor machines, and give full overview of machine fleet and even enable to control and optimize the operations is expected to support growth of the global mining automation market.

However, stringent government regulation related to mining and depletion of natural resources are major factors restraining growth of the global mining automation market. In addition, lack of skilled labor is another factor expected to hamper growth of the global mining automation market to certain extent.

Advancements is software with improved user interface is expected to present new opportunities in terms of revenue to players operating in the global mining automation market over the forecast period.

North America market is expected to dominate in the global mining automation market with higher revenue share as compared to that of the other regional markets, and is expected to continue its dominance during the forecast period. This can be attributed to increasing mining activities and presence of prominent players operating in countries in this region. According to United Nation Organization U.S. coal production in 2008 reached a record level of 1,171.5 million. Europe market accounts for second-largest revenue share in the global mining automation market followed by markets in Asia Pacific, Latin America and Middle East & Africa respectively. The market in Asia Pacific is projected to register fastest growth in terms of revenue, owing to untapped market and rapid growth of user industries, increasing demand minerals in emerging economies in this region. According to India Brand Equity Foundation India is 3rd largest producer of coal as coal production was raised to 539 million tons in 2016 compared to previous year.

Global Mining Automation Market Segmentation:

By Technique:

• Underground Mining Automation
• Surface Mining Automation

By Type:

• Equipment
• Software
• Communication System

By Region:

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa

• Autonomous Solution Inc.
• Atlas Copco AB
• Caterpillar Inc.
• Hexagon AB (publ)
• Hitachi, Ltd.
• Komatsu Ltd.
• Mine Site Technologies Pty Limited
• RPMGlobal Holdings Ltd.
• Sandvik AB
• Trimble Inc.