Mining Automation Market By Technique (Underground mining, Surface mining) By Type (Equipment, Software, Communications systems) By Workflow (Mine development, Mining process, Mine maintenance) - Growth, Future Prospects & Competitive Analysis, 2016 – 2028

About this report

The Global Mining Automation Market report explores the critical analysis of the Mining Automation industry using key parameters. The report consists of investment strategies, the need for investments in the Mining Automation industry, and the multiple benefits for the investors. Importantly, this report sets out major changes in the global technical regulations for the Mining Automation industry, as well as how economic and non-economic barriers are helping the Mining Automation market. Moreover, the report analyses the global, regional, and country-level historic and forecasted market size. The report also provides a comprehensive analysis of key investment propositions, demand and supply gap, competitors positioning, STAR analysis, SRC analysis, and Tornado analysis. Key technological developments and other analyses such as porter's five forces analysis, PESTEL analysis, value chain analysis, etc.

Key Highlights of the report

How are the major segments performing in the Mining Automation Market?

In 2021, the underground mining category dominated the market. The increase in underground mining automation processes used for mineral exploration and collection beneath the Earth's crust is credited with the expansion.

In 2021, the equipment segment to dominate the market. This might be ascribed to introducing high-tech and well-equipped vehicles like autonomous trucks, remotely operated mining equipment, and other machinery.

In 2021, the mining process segment dominated the market. The mining process is essential to collect various materials that cannot be manufactured through agricultural methods or artificially created in a laboratory.

Which region dominated the Mining Automation Market?

In 2021, North America was one of the major contributors to global mining automation. The existence of several mines and the quick adoption of cutting-edge technology fuel market expansion in North America. The region now controls most of the worldwide market and is anticipated to keep its position for the forecast duration. Due to their robust mineral exploration industries, the United States and Canada are prospective markets in the area. Automated trucks are already being used within Canadian mining sites to move commodities and goods from one location to another.

What is the competitive environment of the Mining Automation Market?

The regulatory environment and public-private partnerships are projected to boost the expansion of the global mining automation market. The development and deployment of novel technologies throughout the mineral exploration, mining, processing, and transportation chains will drive the market's growth in the coming years. The trend toward automation will fundamentally alter how mines and related facilities work in the coming years since new technologies have the potential to bring major improvements in safety, higher process productivity, and better utilization of resources, personnel, and equipment. For instance, in May 2019, Caterpillar will help Rio Tinto build the technologically complex Koodaideri mine. Rio Tinto's Koodaideri mine in Western Australia will use 20 self-driving 793F trucks to transport the ore. In addition, the company offers four Cat autonomous drills, loaders, dozers, graders, water carts, and shovels. Similarly, in April 2021, Ericsson and Ambra Solutions established a global collaboration partnership to lead automation. Ambra has chosen Erisson as its preferred radio partner to provide 5G network solutions for automating ventilation systems, real-time staff tracking, and vehicle tracking.

Executive Summary

How does automation make mining easier?

Mining automation entails using robotic technology in mining trucks, processes, and software automation. Mining automation uses technology and information to extract ores, minerals, or other resources. The procedure is implemented to improve efficiency, productivity, and safety and reduce operating costs at the mine site. It entails the elimination of human labor from the mining process. Working in underground mines is exceedingly dangerous due to potential hazards such as inadequate ventilation, toxic gas exposure, and bad health impacts. This issue resulted in the need for sophisticated mining equipment for underground mining procedures to protect mine workers, pushing the market significantly. The manual labor reduction from the mining process is known as automation mining. Furthermore, reducing the time required to move through the mine throughout the shift lowers the entire cost of the mining operation, which drives the market's growth.

Which are the key investments by the players in the Mining Automation Industry Market?

With the increased investment and government support for digital mine innovation, mining automation demand is expected to rise over the forecast period. Due to the significant development potential of the global mining automation market, major manufacturers are investing in R&D to minimize the cost of mining automation. In 2019, the Australian government invested around USD 79 million to support medium- and small-sized miners to conduct exploration activities.

Some of the major players in the market are Atlas Copco (Sweden), Caterpillar (US), Hexagon (Sweden), Komatsu (Japan), Sandvik (Sweden), Autonomous Solutions Inc. (US), Hitachi (Japan), RPMGlobal Australia), Trimble (US), Fluidmesh Metworks (US), Mine Site Technologies (Australia), and Symboticware (Canada).              

What are the Major Driving Factors for the Mining Automation Market?

Increased demand for worker safety, growing concern for mine safety, the introduction of technologically advanced equipment, increased productivity of the mining activity through automation, increased digitization in the mining industry for different mining operations, rapid transition of the mining industry towards automation, increased demand for better productivity, reduction in operating costs through automation, and the development of smart mines are some of the major as well as emerging trends. Rising levels of investment in R&D initiatives, higher vehicle usage, and increased productivity will further contribute by creating enormous potential that will fuel the expansion of the mining automation market. 

What are the Major Risks for the Mining Automation Market?

Natural resource depletion and a shortage of workers qualified to run automated mining equipment are likely to function as market limitations on the expansion of mining automation during the aforementioned estimated timeframe. The biggest market expansion issue is integrating information technology with operational technology.

Which is the Key Technique in the Mining Automation Market?

In 2021, the underground mining category dominated the market. The expansion is attributed to a rise in underground mining automation methods used for mineral exploration and gathering beneath the Earth's crust. However, because of the high risk associated with working in deep mines, demand for highly advanced automated mining equipment has surged, which has helped the market expand. Additionally, mining firms like Rio Tinto are consistently attempting to develop improved tunneling equipment and autonomous vehicles for underground mining, further fueling the expansion of the mining automation market.

How is the Mining Automation Market performing in regions?

In 2021, the global mining automation market was dominated by North America. The market is expanding in North America due to the multiple mines' presence and cutting-edge technology's swift uptake. The region now dominates the global market and is projected to continue to do so throughout the forecast. Canada and the United States have thriving mineral exploration businesses, making them two of the region's most promising markets. Within Canadian mining sites, automated trucks are already used to transport materials and supplies from one place to another. Significant players like Intel have begun implementing 5G initiatives (5GI2) in the United States. The deployment of 5G wireless throughout North America will be accelerated by connecting equipment makers, technology businesses, industry leaders, and institutions.

Besides, the Asia-Pacific region is expected to grow significantly over the forecast period and maintain its dominance over the forecast period. Due to their expanding IT infrastructure, the rapidly developing economies of China and India are contributing to the Asia-Pacific mining automation market. Australia, South Korea, and Japan are also anticipated to support market expansion. In the near future, adopting automated instruments will present substantial potential due to the abundance of mining locations in Indonesia and Pakistan. The Australian government is promoting remote-controlled machinery and robots to extract minerals, increasing industry growth there.

What is the regulatory landscape for the Mining Automation Market?

Strategic alliances between significant manufacturers and technical universities and close collaboration with governments will likely drive the expansion of Europe's mining industry in the coming years. 

What is the Market Size of Mining Automation regarding value?

The Mining Automation Market is anticipated to grow at a substantial CAGR of 6.4% in the upcoming years. The Global Mining Automation industry was estimated to be worth USD 2718.4 million in 2021 and was expected to be worth USD 3944.24 million by 2028.

What effect does COVID-19 have on the market for Mining Automation?

Coronavirus is extremely common in the mining sector. The virus seriously affects the workforce. On the other side, mining automation works well in this market environment. Instead of using laborers, the sector relies more on gear and software. This industry is progressing thanks to automation. The coronavirus pandemic thus had a substantial detrimental impact on the mining industry, but automation key players saw it as an opportunity and began investing in the sector.

Segmentation of Global Mining Automation Market-

Global Mining Automation Market – By Technique

• Underground mining
• Surface mining
•  

Global Mining Automation Market – By Type

• Equipment
• Software
• Communications systems
•  

Global Mining Automation Market – By Workflow

• Mine development
• Mining process
• Mine maintenance
•  

Global Mining Automation Market – By Region

• North America
  • U.S.
  • Canada
• Europe
  • Germany
  • France
  • U.K.
  • Italy
  • Spain
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • South-east Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC Countries
  • South Africa
  • Rest of Middle East and Africa