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Smart Mining Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026

Market Overview:

The global smart mining market exhibited strong growth during 2015-2020. Looking forward, IMARC Group expects the market to grow at a CAGR of 19% during 2021-2026. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic. These insights are included in the report as a major market contributor.

Smart mining refers to the automation of the mining process using advanced solutions, such as cloud, 3D imaging and modeling software, and automated equipment and hardware.  It assists in providing remote and real-time visibility of equipment conditions, reducing downtime, eliminating maintenance costs, minimizing operational pressure, and optimizing workplace safety. As it also ensures data security and long-term maintenance of critical assets, it is gaining traction across the globe.

Smart Mining Market Trends:

Conventional mining practices involve continuous exposure of the workers to ultra-violet (UV) rays, dust, noise, chemical, and ground instability, which can cause severe health problems. This represents one of the significant factors fueling the growth of the market. Smart mining systems are safe, flexible, adaptable, and reliable and they enable plant managers and operators to make better and informed decisions. As a result, they are increasingly being used by leading mining players around the world. Moreover, they are integrated with the autonomous fleet, remote-controlled equipment, and ventilation solutions to offer safe working conditions and improve operational productivity. The market is also driven by the adoption of price-cutting schemes in the mining industry and the implementation of novel technologies to ensure better quality processes and production. Furthermore, numerous mining firms worldwide are focusing on deploying wireless networks underground. These solutions aid in keeping track of employees, equipment, improving maintenance and boosting efficiency, which is creating a favorable market outlook. Other significant factors, including rising environmental concerns, numerous technological advancements, and the implementation of stringent regulations by governing agencies of different countries to control greenhouse gas (GHG) emissions and air pollution, are anticipated to propel the growth of the market.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the global smart mining market, along with forecasts at the global, regional and country level from 2021-2026. Our report has categorized the market based on type, component and automated equipment.

Breakup by Type:

  • Underground Mining
  • Surface Mining
     

Breakup by Component:

  • Hardware
    • Sensors
    • RFID Tags
    • Intelligent System
    • Others
  • Software 
    • Data and Operation Management Software
    • Safety and Security Systems
    • Connectivity Solutions
    • Analytics Solutions 
    • Remote Management and Logistics Solutions 
    • Asset Management Solutions
  • Services
    • Support and Maintenance
    • System Integration
    • Consulting Services
       

 Breakup by Automated Equipment:

  • Excavator
  • Robotic Truck
  • Driller and Breaker
  • Load Haul Dump
  • Others
     

Breakup by Region:

  • North America
    • United States
    • Canada
  • Asia-Pacific
    • China
    • Japan
    • India
    • South Korea
    • Australia
    • Indonesia
    • Others
  • Europe
    • Germany
    • France
    • United Kingdom
    • Italy
    • Spain
    • Russia
    • Others
  • Latin America
    • Brazil
    • Mexico
    • Others
  • Middle East and Africa
     

Competitive Landscape:

The competitive landscape of the industry has also been examined along with the profiles of the key players being ABB Ltd, Caterpillar Inc, Cisco Systems Inc, Hexagon AB, Hitachi Ltd, Komatsu Ltd, Robert Bosch GmbH, Rockwell Automation Inc, Sandvik AB, SAP SE and Trimble Inc.

Report Coverage:

Report Features Details
Base Year of the Analysis 2020
    Historical Period 2015-2020
Forecast Period 2021-2026
Units US$ Billion
Segment Coverage Type, Component, Automated Equipment, Region
Region Covered  Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Countries Covered United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
Companies Covered ABB Ltd, Caterpillar Inc, Cisco Systems Inc, Hexagon AB, Hitachi Ltd, Komatsu Ltd, Robert Bosch GmbH, Rockwell Automation Inc, Sandvik AB, SAP SE and Trimble Inc.
Customization Scope 10% Free Customization
Report Price and Purchase Option Single User License: US$ 2299
Five User License: US$ 3399
Corporate License: US$ 4499
Post-Sale Analyst Support 10-12 Weeks
Delivery Format PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

 

Key Questions Answered in This Report:

  • How has the global smart mining market performed so far and how will it perform in the coming years?
  • What has been the impact of COVID-19 on the global smart mining market?
  • What are the key regional markets?
  • What is the breakup of the market based on the type?
  • What is the breakup of the market based on the component?
  • What is the breakup of the market based on the automated equipment?
  • 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 smart mining market and who are the key players?
  • What is the degree of competition in the industry?

1    Preface
2    Scope and Methodology

    2.1    Objectives of the Study
    2.2    Stakeholders
    2.3    Data Sources
        2.3.1    Primary Sources
        2.3.2    Secondary Sources
    2.4    Market Estimation
        2.4.1    Bottom-Up Approach
        2.4.2    Top-Down Approach
    2.5    Forecasting Methodology
3    Executive Summary
4    Introduction

    4.1    Overview
    4.2    Key Industry Trends
5    Global Smart Mining Market
    5.1    Market Overview
    5.2    Market Performance
    5.3    Impact of COVID-19
    5.4    Market Forecast
6    Market Breakup by Type
    6.1    Underground Mining
        6.1.1 Market Trends
        6.1.2 Market Forecast
    6.2    Surface Mining
        6.2.1 Market Trends
        6.2.2 Market Forecast
7    Market Breakup by Component
    7.1    Hardware
        7.1.1 Market Trends
        7.1.2 Key Segments
           7.1.2.1 Sensors
           7.1.2.2 RFID Tags
           7.1.2.3 Intelligent Systems
           7.1.2.4 Others
        7.1.3 Market Forecast
    7.2    Software 
        7.2.1 Market Trends
        7.2.2 Key Segments
           7.2.2.1 Data and Operation Management Software
           7.2.2.2 Safety and Security Systems
           7.2.2.3 Connectivity Solutions
           7.2.2.4 Analytics Solutions
           7.2.2.5 Remote Management and Logistics Solutions
           7.2.2.6 Asset Management Solutions
        7.2.3 Market Forecast
    7.3    Services
        7.3.1 Market Trends
        7.3.2 Key Segments
           7.3.2.1 Support and Maintenance
           7.3.2.2 System Integration
           7.3.2.3 Consulting Services
        7.3.3 Market Forecast
8    Market Breakup by Automated Equipment
    8.1    Excavator
        8.1.1 Market Trends
        8.1.2 Market Forecast
    8.2    Robotic Truck
        8.2.1 Market Trends
        8.2.2 Market Forecast
    8.3    Driller and Breaker
        8.3.1 Market Trends
        8.3.2 Market Forecast
    8.4    Load Haul Dump
        8.4.1 Market Trends
        8.4.2 Market Forecast
    8.5    Others
        8.5.1 Market Trends
        8.5.2 Market Forecast
9    Market Breakup by Region
    9.1    North America
        9.1.1 United States
           9.1.1.1 Market Trends
           9.1.1.2 Market Forecast
        9.1.2 Canada
           9.1.2.1 Market Trends
           9.1.2.2 Market Forecast
    9.2    Asia-Pacific
        9.2.1 China
           9.2.1.1 Market Trends
           9.2.1.2 Market Forecast
        9.2.2 Japan
           9.2.2.1 Market Trends
           9.2.2.2 Market Forecast
        9.2.3 India
           9.2.3.1 Market Trends
           9.2.3.2 Market Forecast
        9.2.4 South Korea
           9.2.4.1 Market Trends
           9.2.4.2 Market Forecast
        9.2.5 Australia
           9.2.5.1 Market Trends
           9.2.5.2 Market Forecast
        9.2.6 Indonesia
           9.2.6.1 Market Trends
           9.2.6.2 Market Forecast
        9.2.7 Others
           9.2.7.1 Market Trends
           9.2.7.2 Market Forecast
    9.3    Europe
        9.3.1 Germany
           9.3.1.1 Market Trends
           9.3.1.2 Market Forecast
        9.3.2 France
           9.3.2.1 Market Trends
           9.3.2.2 Market Forecast
        9.3.3 United Kingdom
           9.3.3.1 Market Trends
           9.3.3.2 Market Forecast
        9.3.4 Italy
           9.3.4.1 Market Trends
           9.3.4.2 Market Forecast
        9.3.5 Spain
           9.3.5.1 Market Trends
           9.3.5.2 Market Forecast
        9.3.6 Russia
           9.3.6.1 Market Trends
           9.3.6.2 Market Forecast
        9.3.7 Others
           9.3.7.1 Market Trends
           9.3.7.2 Market Forecast
    9.4    Latin America
        9.4.1 Brazil
           9.4.1.1 Market Trends
           9.4.1.2 Market Forecast
        9.4.2 Mexico
           9.4.2.1 Market Trends
           9.4.2.2 Market Forecast
        9.4.3 Others
           9.4.3.1 Market Trends
           9.4.3.2 Market Forecast
    9.5    Middle East and Africa
        9.5.1 Market Trends
        9.5.2 Market Breakup by Country
        9.5.3 Market Forecast
10    SWOT Analysis
    10.1    Overview
    10.2    Strengths
    10.3    Weaknesses
    10.4    Opportunities
    10.5    Threats
11    Value Chain Analysis
12    Porters Five Forces Analysis

    12.1    Overview
    12.2    Bargaining Power of Buyers
    12.3    Bargaining Power of Suppliers
    12.4    Degree of Competition
    12.5    Threat of New Entrants
    12.6    Threat of Substitutes
13    Price Analysis
14    Competitive Landscape

    14.1    Market Structure
    14.2    Key Players
    14.3    Profiles of Key Players
        14.3.1    ABB Ltd
           14.3.1.1 Company Overview
           14.3.1.2 Product Portfolio
           14.3.1.3 Financials
           14.3.1.4 SWOT Analysis
        14.3.2    Caterpillar Inc
           14.3.2.1 Company Overview
           14.3.2.2 Product Portfolio
           14.3.2.3 Financials
           14.3.2.4 SWOT Analysis
        14.3.3    Cisco Systems Inc
           14.3.3.1 Company Overview
           14.3.3.2 Product Portfolio
           14.3.3.3 Financials
           14.3.3.4 SWOT Analysis
        14.3.4    Hexagon AB
           14.3.4.1 Company Overview
           14.3.4.2 Product Portfolio
           14.3.4.3 Financials
           14.3.4.4 SWOT Analysis
        14.3.5    Hitachi Ltd
           14.3.5.1 Company Overview
           14.3.5.2 Product Portfolio
           14.3.5.3 Financials
           14.3.5.4 SWOT Analysis
        14.3.6    Komatsu Ltd
           14.3.6.1 Company Overview
           14.3.6.2 Product Portfolio
           14.3.6.3 Financials
           14.3.6.4 SWOT Analysis
        14.3.7     Robert Bosch GmbH
           14.3.7.1 Company Overview
           14.3.7.2 Product Portfolio
           14.3.7.3 SWOT Analysis
        14.3.8    Rockwell Automation Inc
           14.3.8.1 Company Overview
           14.3.8.2 Product Portfolio
           14.3.8.3 Financials
           14.3.8.4 SWOT Analysis
        14.3.9    Sandvik AB
           14.3.9.1 Company Overview
           14.3.9.2 Product Portfolio
           14.3.9.3 Financials
           14.3.9.4 SWOT Analysis
        14.3.10    SAP SE
           14.3.10.1 Company Overview
           14.3.10.2 Product Portfolio
           14.3.10.3 Financials
           14.3.10.4 SWOT Analysis
        14.3.11    Trimble Inc.
           14.3.11.1 Company Overview
           14.3.11.2 Product Portfolio
           14.3.11.3 Financials
           14.3.11.4 SWOT Analysis

List of Figures

Figure 1: Global: Smart Mining Market: Major Drivers and Challenges
Figure 2: Global: Smart Mining Market: Sales Value (in Billion US$), 2015-2020
Figure 3: Global: Smart Mining Market Forecast: Sales Value (in Billion US$), 2021-2026
Figure 4: Global: Smart Mining Market: Breakup by Type (in %), 2020
Figure 5: Global: Smart Mining Market: Breakup by Component (in %), 2020
Figure 6: Global: Smart Mining Market: Breakup by Automated Equipment (in %), 2020
Figure 7: Global: Smart Mining Market: Breakup by Region (in %), 2020
Figure 8: Global: Smart Mining (Underground Mining) Market: Sales Value (in Million US$), 2015 & 2020
Figure 9: Global: Smart Mining (Underground Mining) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 10: Global: Smart Mining (Surface Mining) Market: Sales Value (in Million US$), 2015 & 2020
Figure 11: Global: Smart Mining (Surface Mining) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 12: Global: Smart Mining (Hardware) Market: Sales Value (in Million US$), 2015 & 2020
Figure 13: Global: Smart Mining (Hardware) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 14: Global: Smart Mining (Software) Market: Sales Value (in Million US$), 2015 & 2020
Figure 15: Global: Smart Mining (Software) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 16: Global: Smart Mining (Services) Market: Sales Value (in Million US$), 2015 & 2020
Figure 17: Global: Smart Mining (Services) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 18: Global: Smart Mining (Excavator) Market: Sales Value (in Million US$), 2015 & 2020
Figure 19: Global: Smart Mining (Excavator) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 20: Global: Smart Mining (Robotic Truck) Market: Sales Value (in Million US$), 2015 & 2020
Figure 21: Global: Smart Mining (Robotic Truck) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 22: Global: Smart Mining (Driller and Breaker) Market: Sales Value (in Million US$), 2015 & 2020
Figure 23: Global: Smart Mining (Driller and Breaker) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 24: Global: Smart Mining (Load Haul Dump) Market: Sales Value (in Million US$), 2015 & 2020
Figure 25: Global: Smart Mining (Load Haul Dump) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 26: Global: Smart Mining (Other Automated Equipment) Market: Sales Value (in Million US$), 2015 & 2020
Figure 27: Global: Smart Mining (Other Automated Equipment) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 28: North America: Smart Mining Market: Sales Value (in Million US$), 2015 & 2020
Figure 29: North America: Smart Mining Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 30: United States: Smart Mining Market: Sales Value (in Million US$), 2015 & 2020
Figure 31: United States: Smart Mining Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 32: Canada: Smart Mining Market: Sales Value (in Million US$), 2015 & 2020
Figure 33: Canada: Smart Mining Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 34: Asia-Pacific: Smart Mining Market: Sales Value (in Million US$), 2015 & 2020
Figure 35: Asia-Pacific: Smart Mining Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 36: China: Smart Mining Market: Sales Value (in Million US$), 2015 & 2020
Figure 37: China: Smart Mining Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 38: Japan: Smart Mining Market: Sales Value (in Million US$), 2015 & 2020
Figure 39: Japan: Smart Mining Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 40: India: Smart Mining Market: Sales Value (in Million US$), 2015 & 2020
Figure 41: India: Smart Mining Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 42: South Korea: Smart Mining Market: Sales Value (in Million US$), 2015 & 2020
Figure 43: South Korea: Smart Mining Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 44: Australia: Smart Mining Market: Sales Value (in Million US$), 2015 & 2020
Figure 45: Australia: Smart Mining Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 46: Indonesia: Smart Mining Market: Sales Value (in Million US$), 2015 & 2020
Figure 47: Indonesia: Smart Mining Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 48: Others: Smart Mining Market: Sales Value (in Million US$), 2015 & 2020
Figure 49: Others: Smart Mining Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 50: Europe: Smart Mining Market: Sales Value (in Million US$), 2015 & 2020
Figure 51: Europe: Smart Mining Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 52: Germany: Smart Mining Market: Sales Value (in Million US$), 2015 & 2020
Figure 53: Germany: Smart Mining Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 54: France: Smart Mining Market: Sales Value (in Million US$), 2015 & 2020
Figure 55: France: Smart Mining Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 56: United Kingdom: Smart Mining Market: Sales Value (in Million US$), 2015 & 2020
Figure 57: United Kingdom: Smart Mining Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 58: Italy: Smart Mining Market: Sales Value (in Million US$), 2015 & 2020
Figure 59: Italy: Smart Mining Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 60: Spain: Smart Mining Market: Sales Value (in Million US$), 2015 & 2020
Figure 61: Spain: Smart Mining Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 62: Russia: Smart Mining Market: Sales Value (in Million US$), 2015 & 2020
Figure 63: Russia: Smart Mining Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 64: Others: Smart Mining Market: Sales Value (in Million US$), 2015 & 2020
Figure 65: Others: Smart Mining Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 66: Latin America: Smart Mining Market: Sales Value (in Million US$), 2015 & 2020
Figure 67: Latin America: Smart Mining Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 68: Brazil: Smart Mining Market: Sales Value (in Million US$), 2015 & 2020
Figure 69: Brazil: Smart Mining Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 70: Mexico: Smart Mining Market: Sales Value (in Million US$), 2015 & 2020
Figure 71: Mexico: Smart Mining Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 72: Others: Smart Mining Market: Sales Value (in Million US$), 2015 & 2020
Figure 73: Others: Smart Mining Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 74: Middle East and Africa: Smart Mining Market: Sales Value (in Million US$), 2015 & 2020
Figure 75: Middle East and Africa: Smart Mining Market: Breakup by Country (in %), 2020
Figure 76: Middle East and Africa: Smart Mining Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 77: Global: Smart Mining Industry: SWOT Analysis
Figure 78: Global: Smart Mining Industry: Value Chain Analysis
Figure 79: Global: Smart Mining Industry: Porter's Five Forces Analysis

List of Tables

Table 1: Global: Smart Mining Market: Key Industry Highlights, 2020 and 2026
Table 2: Global: Smart Mining Market Forecast: Breakup by Type (in Million US$), 2021-2026
Table 3: Global: Smart Mining Market Forecast: Breakup by Component (in Million US$), 2021-2026
Table 4: Global: Smart Mining Market Forecast: Breakup by Automated Equipment (in Million US$), 2021-2026
Table 5: Global: Smart Mining Market Forecast: Breakup by Region (in Million US$), 2021-2026
Table 6: Global: Smart Mining Market: Competitive Structure
Table 7: Global: Smart Mining Market: Key Players

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