Global Mining Automation Market

Mining Automation Market Size, Share, Growth Analysis, By Offering (Equipment (autonomous hauling/mining trucks, autonomous drilling rigs, underground LHD loaders, tunneling equipment)), By Technique (Undergrounding mining, surface mining), By Workflow (mining process (autonomous haulage, automated drilling), Mining maintenance (HVAC installation & maintenance and mine dewatering), Mining development (tunnel boring)), By Solution (Software Automation, Services, Equipment Automation), By Application (Metal Mining, Mineral Mining, Coal Mining), By Region - Industry Forecast 2024-2031


Report ID: SQMIG15J2051 | Region: Global | Published Date: March, 2024
Pages: 184 | Tables: 64 | Figures: 75

Mining Automation Market Competitive Landscape

The players are focused on providing autonomous solutions that improve both cost and efficiency in mining operations. The suppliers are expanding their product offerings by including tele-remote functioning, AHS, and ADS solutions. Multiple suppliers are either retrofitting self-driving technology into their current inventory of equipment or developing a new line of autonomous products to establish a foothold in the industry. Caterpillar Inc. & Komatsu Ltd. now have autonomous truck lineups, whilst Rio Tinto Group has converted 19 Cat 793F mining tractors for autonomous operations. 

Caterpillar Inc. has also deployed Cat Command for Hauling software for the driverless fleet. For example, in April 2022, Microsoft purchased Minit, one of the leading providers in procedure mining technology that assists businesses in transforming the way they analyse, manage, and optimize their processes. The programme seeks to increase process mining through automation, assisting clients in digitally transforming and driving functional excellence by establishing a complete image of their company's procedures, allowing every function to be smoothly and automatically analyzed and refined.

Top Player’s Company Profiles in Mining Automation Market

  • Caterpillar Inc.
  • Komatsu Ltd.
  • Sandvik AB
  • Hitachi Construction Machinery Co., Ltd.
  • Epiroc AB
  • Hexagon AB
  • ABB Ltd.
  • Rockwell Automation, Inc.
  • Trimble Inc.
  • Schneider Electric SE
  • Autonomous Solutions Inc.
  • RPMGlobal Holdings Limited
  • Joy Global Inc. (now part of Komatsu)
  • Atlas Copco AB
  • Symboticware Inc.
  • MineSense Technologies Ltd.
  • Motion Metrics International Corp.
  • ASI Mining
  • MST Global
  • RPMGlobal Holdings Limited

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FAQs

The mining automation market size was valued at USD 5.28 billion in 2022 and is poised to grow from USD 5.67 billion in 2023 to USD 9.95 billion by 2031, growing at a CAGR of 7.3% in the forecast period (2024-2031).  

The players are focused on providing autonomous solutions that improve both cost and efficiency in mining operations. The suppliers are expanding their product offerings by including tele-remote functioning, AHS, and ADS solutions. Multiple suppliers are either retrofitting self-driving technology into their current inventory of equipment or developing a new line of autonomous products to establish a foothold in the industry. Caterpillar Inc. & Komatsu Ltd. now have autonomous truck lineups, whilst Rio Tinto Group has converted 19 Cat 793F mining tractors for autonomous operations.  'Caterpillar Inc.', 'Komatsu Ltd.', 'Sandvik AB', 'Hitachi Construction Machinery Co., Ltd.', 'Epiroc AB', 'Hexagon AB', 'ABB Ltd.', 'Rockwell Automation, Inc.', 'Trimble Inc.', 'Schneider Electric SE', 'Autonomous Solutions Inc.', 'RPMGlobal Holdings Limited', 'Joy Global Inc. (now part of Komatsu)', 'Atlas Copco AB', 'Symboticware Inc.', 'MineSense Technologies Ltd.', 'Motion Metrics International Corp.', 'ASI Mining', 'MST Global', 'RPMGlobal Holdings Limited'

There is a growing trend towards the use of autonomous vehicles, such as haul trucks, loaders, and drillers, in mining operations. Autonomous vehicles offer benefits such as improved safety, increased efficiency, and higher productivity by eliminating the need for human operators in hazardous environments.

Asia Pacific dominated the industry, accounting for more than 39.75% of total sales. The regional mining automation market is expected to be driven by the usage of automation technology throughout Australia. The Australian economy is witnessing the deployment of robots & remote-controlled machinery for the safe and effective exploitation of resources. Untapped drilling & exploration potential in nations such as China and India are likely to present significant growth prospects during the projection period. Sandvik AB, for example, purchased Deswik, an Australian business that provides mining-integrated software & consulting solutions, in 2022. 

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Global Mining Automation Market

Report ID: SQMIG15J2051

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