The global blasting automation services market size reached US$ 629 Million in 2022. Looking forward, IMARC Group expects the market to reach US$ 1,296 Million by 2028, exhibiting a growth rate (CAGR) of 12.3% during 2023-2028.
Blasting automation services refer to the customized facilities offered to mechanize surface mining and detonating processes, such as drilling and blasting. The services include various software and hardware systems, such as tumble barrels, basket blasters, cell machines, indexing and continuous turntables, in-line belt conveyors, modified cabinets and robotic batch processing machines. They offer maintenance of consistent surface quality, continuous operations, minimal labor requirements, efficient management of explosives and monitoring of abrasive blasting processes. The services are also used to schedule and simulate blasts and generate effective fragmentation and vibration models based on predictive analytics.
The growing mining industry and the rapid modernization of the existing industrial systems represent as the key factors driving the industry growth. Furthermore, the increasing requirement for more efficient drilling and blasting systems for deeper and parallel hole mining is also catalyzing the market growth. Blasting automation services use 5G-enabled delivery systems for wireless data transmission and operating smart blasting bodes. Additionally, various technological advancements, such as the integration of connected devices with the Internet of Things (IoT), cloud computing, artificial intelligence (AI) and machine learning (ML) solutions, are acting as other growth-inducing factors. These technologies are used with centralized blasting systems (CBS) to enable the mining operators to generate and execute blast designs based on the insights derived from data stored on the cloud. Other factors, including the increasing utilization of these services for sustainable extraction of for natural resources, along with the implementation of favorable government policies promoting infrastructural development, are anticipated to drive the market further.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each segment of the global blasting automation services market report, along with forecasts at the global, regional and country levels from 2023-2028. Our report has categorized the market based on application.
Breakup by Application:
- Metal Mining
- Non-Metal Mining
- Coal Mining
Breakup by Region:
- North America
- South Korea
- United Kingdom
- Latin America
- Middle East and Africa
The competitive landscape of the industry has also been examined along with the profiles of the key players being Autonomous Solutions Inc., Dyno Nobel (Incitec Pivot Ltd.), Epiroc, iRing Inc., Komatsu Limited, Orica Limited, Rio Tinto plc, Rockwell Automation Inc. and Sasol Limited.
|Base Year of the Analysis
||Asia Pacific, Europe, North America, Latin America, Middle East and Africa
||United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
||Autonomous Solutions Inc., Dyno Nobel (Incitec Pivot Ltd.), Epiroc, iRing Inc., Komatsu Limited, Orica Limited, Rio Tinto plc, Rockwell Automation Inc. and Sasol Limited
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Key Questions Answered in This Report:
- How has the global blasting automation services market performed so far and how will it perform in the coming years?
- What has been the impact of COVID-19 on the global blasting automation services market?
- What are the key regional markets?
- What is the breakup of the market based on the application?
- What are the various stages in the value chain of the industry?
- What are the key driving factors and challenges in the industry?
- What is the structure of the global blasting automation services market and who are the key players?
- What is the degree of competition in the industry?