The global mining automation market was valued at USD 4.90 billion in 2022 and is expected to expand at a compound annual growth rate (CAGR) of 7.3% from 2023 to 2030. 

The rapid advancement in technology, such as Artificial Intelligence (AI) and robotics, has resulted in increased usage of mining automation solutions as a means of boosting production efficiency. The increasing trend of deploying innovative technologies is driving the growth of automated mining solutions. The emergence of the Internet of Things (IoT) in this sector offers mine management with real-time data and analytics with the help of visualization tools. Several operators are teaming up with technology companies to deploy wireless networks underground.

For instance, in April 2021, International Business Machines Corp. (IBM) announced the acquisition of myInvenio, an Italian startup company. The Company builds and operates process mining software. The initiative aims to MyInvenio’s process and task mining technology into IBM Cloud for Robotization, a platform for structuring and running robotization operations. The company will benefit from the data-driven software and tools that help them track sales, production, procurement, and accounting. The increasing need for mine and worker safety is providing an impetus to industry growth. Previously, the traditional mining techniques have compromised the safety of the mine workers resulting in increased hazards at the mining site.

Gather more insights about the market drivers, restrains and growth of the Mining Automation Market

Detailed Segmentation:

Solution Insights

The software automation segment dominated the market in 2022 and accounted for a share of more than 42.10% of the global revenue. Furthermore, the equipment automation segment is expected to show significant growth over the forecasted period. The development of robust technology-based vehicles, such as autonomous trucks, remote control equipment, and teleoperated mining equipment, is expected to fuel the segment's growth. Rapid advancements in hardware automation technology are expected to persistently streamline the way large-scale mining is undertaken across the globe.

Application Insights

The mineral mining segment dominated the market in 2022 and accounted for the largest share of more than 34.85% of the global revenue. The metal mining application is presumed to show significant growth over the forecast period. The growth can be attributed to the increased convention of autonomous technology in metal exploration activities. Moreover, the rising demand for metals, such as copper, zinc, lead, and nickel, by application industries is expected to contribute to revenue growth. Furthermore, metal mining witnessed a surging demand for automated solutions to meet the rising demand for base metals.

Regional Insights

Asia Pacific dominated the industry in 2022 and accounted for over 39.75% of the overall revenue share. Increased adoption of automation technology in Australia is presumed to drive the regional market. The Australian economy witnesses the use of robots and remote-controlled equipment for the extraction of minerals safely and efficiently. The untapped drilling and exploration potential in economies, such as China and India, are expected to provide substantial opportunities for growth over the forecast period. For instance, in 2022, Sandvik AB acquired Deswik, an Australian company that offers a wide range of mining-integrated software and consulting solutions.

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Key Companies & Market Share Insights

The players focus on offering autonomous solutions that provide benefits, such as productivity and cost efficiency, in mining operations. The providers are offering products with tele-remote operation, AHS, and ADS solutions, thereby enhancing their product offerings. Several providers are either retrofitting autonomous technology in their existing line of equipment or are introducing a new line of automated machines to gain a foothold in the market. Currently, Caterpillar Inc. and Komatsu Ltd. have their lineup of autonomous trucks whereas Rio Tinto Group has retrofitted 19 Cat 793F mining trucks aimed at autonomous operations.

 Some of the prominent players in the global mining automation market include:

• Atlas Copco AB

• Autonomous Solution Inc.

• Caterpillar

• Epiroc AB

• Hexagon AB

• Hitachi, Ltd.

• Komatsu Ltd.

• Liebherr Group

• MST (Mine Site Technologies)

• Rio Tinto

• Rockwell Automation, Inc.

• RPM Global Holdings Ltd.

• Sandvik AB

• Siemens

• Trimble Inc.

Mining Automation Market Segmentation

Grand View Research has segmented the global mining automation market based on solution, application, and region:

Mining Automation Solution Outlook (Revenue, USD Million, 2018 - 2030)

• Software Automation

• Services

o Implementation & Maintenance

o Training

o Consulting

• Equipment Automation

o Autonomous Trucks

o Remote Control Equipment

o Teleoperated Mining Equipment

Mining Automation Application Outlook (Revenue, USD Million, 2018 - 2030)

• Metal Mining

• Mineral Mining

• Coal Mining

Mining Automation Regional Outlook (Revenue, USD Million, 2018 - 2030)

• North America

o Canada

o U.S.

• Europe

o Germany

o U.K.

• Asia Pacific

o Australia

o China

o India

o Japan

• Latin America

o Brazil

o Mexico

• Middle East & Africa

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