Mining Automation Market Analysis Report By Solution, By Application And Segment Forecasts From 2018 To 2025

Industry Insights

The global mining automation market size was accounted for USD 3.6 billion in 2017. It is anticipated to witness growth with a 7.3% CAGR during the forecasted period, 2018 to 2025. This growth can be associated with the rapid advances being carried out in terms of technologies like robotics and artificial intelligence which have enhanced the usage of automation solutions.

The emergence of several technologies like robotics, analytics, and sensors is creating a requirement for automation solutions. For example, the IoT (Internet of Things) is providing miners with accurate real-time data and decision support. The majority of the operators have started collaborating with other technology providers for the deployment of underground wireless networks.

Further, rapid advances being carried out in machine learning are anticipated to drive the upcoming era of automation. For example, Internet and Ethernet solutions for mining automation are being developed by Accenture LLP. The devices linked with Ethernet networks are weighing and gas emission devices, motor controls, and online analyzers. They allow extraction, configuration, and visualization of data related to the mining devices.

The concern about the safety of workers and mines is also driving the market growth for mining automation. The conventional drilling and exploration techniques were leading to many hazards. This has influenced the mine owners to invest in developing smart solutions across the mining sector. These factors are expected to drive the demand for mining automation in the upcoming years.

Solutions Insights

In 2017, the segment of equipment automation is projected to hold a share of around 35.0% across the global mining automation market. This can be attributed to the launching of advanced and well-equipped vehicles like autonomous trucks, mining equipment that are teleoperated, and other equipment.

Several teleoperated mining equipment like cameras, RFID (Radio Frequency Identification), and wireless sensors are also gaining popularity across the globe. Wireless technology is widely used in devices and instruments for the strategy of asset management and efficient monitoring. For example, a mine named Bagdigi located in India uses RFID tags for monitoring worker activities across underground mines.

Application Insights

In 2017, the application segment of metal mining held the largest share of around 35.0% across the globe. This can be associated with the rising adoption of many autonomous solutions for carrying out the activity of metal exploration. Further, the surging demand for zinc, lead, and copper is expected to fuel up the demand for mining automation across the globe.

In 2017, the coal mining segment also held a significant share across the global market. This can be attributed to the rising need for the improvement of quarrying conditions at several coal sites. The CSIRO has collaborated with the Australian coal industry to provide worker’s protection and for enhancing their productivity.

Regional Insights

The Asia Pacific is projected to be a leading market across the globe during the forecasted years, 2018 to 2025. This can be attributed to the rising adoption of technology related to automation across countries like Australia. Also, the rising usage of remote-controlled equipment and robots is gaining popularity across Australia for enhancing the mineral extraction procedure. Moreover, the untapped potential across countries like India and China for exploration and drilling activities is projected to drive demand for mining automation.

North America is also anticipated to show promising growth owing to the availability of commodities like lead, nickel, and zinc coupled with rising investments across the mining sector. A majority of the mines across the U.S. and Canada are using autonomous haul trucks for processing crude oil.

Mining Automation Market Share Insights

The key players in the market are Komatsu Ltd.; Caterpillar, Inc.; Hexagon AB; Sandvik AB; Hexagon AB and Siemens AG. They are engaged in offering several automation solutions for enhancing their operational cost efficiency and productivity.

These players have also started offering many innovative solutions along with features like ADS (Automated Drilling System), AHS, and tele-remote operations. They are also retrofitting many autonomous technologies across their existing production line. For instance, the Rio Tinto Group is retrofitting mining trucks with model number 19 Cat 793F. Moreover, Caterpillar Inc. has launched Cat command in the Hauling software for the smooth operation of fleets.

Report Scope

Segments Covered in the Report

This report forecasts revenue growth at the global, regional, and country levels and provides an analysis of the latest industry trends from 2016 to 2025 in each of the sub-segments. For the purpose of this study, Million Insights has segmented the global mining automation market on the basis of solution, application, and region:

• Solution Outlook (Revenue, USD Million, 2014 - 2025)
    • Software Automation
    • Services
        • Implementation and Maintenance Services
        • Training Services
        • Consulting Services
    • Equipment Automation
        • Autonomous Trucks
        • Remote Control Equipment
        • Teleoperated Mining Equipment

• Application Outlook (Revenue, USD Million, 2014 - 2025)
    • Metal Mining
    • Mineral Mining
    • Coal Mining

• Regional Outlook (Revenue, USD Million, 2014 - 2025)
    • North America
        • U.S.
        • Canada
    • Europe
        • Germany
        • U.K.
    • the Asia Pacific
        • China
        • India
        • Japan
        • Australia
    • Latin America
        • Brazil
        • Mexico
    • MEA