Mining Automation Market

Mining Automation Market by Equipment (Autonomous Hauling/Mining Trucks, Autonomous Drilling Rigs, Underground LHD Loaders, Tunneling Equipment, Smart Ventilation Systems), Technique (Underground, Surface), Workflow, Region - Global Forecast to 2029

Report Code: SE 5658 Jan, 2024, by marketsandmarkets.com

[262 Pages Report] The global mining automation market size is expected to grow from USD 3.6 billion in 2024 to USD 5.1 billion by 2029, at a CAGR of 7.2% from 2024 to 2029. Significant potential opportunities are presented by the introduction of smart connected mines, which are being propelled by the digital transformation of the global mining industry. Benefits from mining automation include increased worker safety and improved uptime. For instance, mining supervisors can collect, monitor, and analyze large amounts of data from staff and equipment using remote operating systems and fleet management. This helps them make well-informed decisions. Consequently, this allows mining businesses to streamline their operations and cut expenses.

Mining Automation Market

Mining Automation Market

Mining Automation Market Forecast to 2029

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Market Dynamics

DRIVERS: Rising demand for fleet management systems

The market for connected mining fleet management is experiencing growth driven by rising demand for resources and minerals due to population growth and industrialization. Mining operations are expanding to meet this demand, with connected fleet management solutions playing a crucial role. These solutions help mining firms reduce expenses, enhance planning and decision-making, and improve operational efficiency. The market's growth is further fueled by technologies such as the Internet of Things (IoT), automation, and machine learning, which enable real-time data collection and transmission. These advancements contribute to increased mining equipment performance, allowing for higher output with reduced resource consumption and improved safety. Overall, the mining fleet management system market is evolving to leverage the potential benefits of automation and machine learning in various operational aspects.

RESTRAINTS: Rise in the exhaustion of natural resources

The depletion of natural resources through mining poses considerable apprehension, giving rise to environmental degradation and the destruction of habitats. The release of carbon dioxide and other greenhouse gases is a consequence of mining activities, which results in the disruption of biomes and erosion. These processes contribute to enduring ecological harm, emphasizing the critical need for sustainable mining practices to mitigate environmental impact and preserve ecosystems. Further, the overexploitation of natural resources has resulted in the exaction of lower ore grades. Moreover, the decreasing volume of resources has raised serious concerns among mining companies.

OPPORTUNITIES: Rising adoption of digitalization in the global mining industry

In recent years, in order to increase productivity and safety in mining activities, the adoption of digitization can be seen growing. Through digitization, mining companies are focused on three key aspects. First, implementing digital technologies enables the use of autonomous vehicles and equipment, such as autonomous haul trucks and tunneling equipment, in the mining industry. In both surface and underground mines, using unmanned autonomous vehicles in remote operations reduces operator risk and allows for process optimization. Secondly, digitization in mines helps stimulate a digitally enabled workplace by integrating connected equipment with advanced tracking and monitoring solutions. This allows effective remote control of operations. Finally, digitization triggers the application of smart algorithms and AI to analyze the massive amount of data generated from connected equipment and deliver actionable insights to mine supervisors or operators to make informed decisions, thereby improving productivity and increasing equipment uptime.

CHALLENGES: Absence of skilled workforce to operate automated mining equipment

The mining automation market faces a significant challenge due to the need for a more skilled workforce to operate automated mining equipment. The mining automation technology can improve productivity, safety, and efficiency. Still, it poses some challenges for the mining industry, such as requiring high initial investment and maintenance costs for the equipment and infrastructure, facing technical and operational risks, demanding new skills and competencies for the workforce, and impacting social and ethical aspects. Further, the increasing use of automation in the mining industry creates a skill gap in the present labor pool. Since automation is expected to replace the job of mine workers with automated equipment in the coming years, it also creates new job opportunities requiring a particular set of skills.

The Mining Automation Market Ecosystem

Prominent companies in this market include well-established, financially stable manufacturers such as Caterpillar (US), Komatsu Ltd. (Japan), Sandvik AB (Sweden), Epiroc AB (Sweden) and Hitachi Construction Machinery Co., Ltd. (Japan). These companies have been operating in the market for several years and possess a diversified product portfolio and strong global sales and marketing networks. Along with the well-established companies, there are a large number of small and medium companies operating in this market, such as Autonomous Solutions, Inc. (US), MST (Australia), Symboticware Inc. (Canada), and Micromine (Australia), among others.

Mining Automation Market by Ecosystem

Software segment is expected to grow with significant CAGR during the forecast period.

Mining firms face challenges due to several issues, including reduced tonnage per shift, growing inhospitality of mines, and rising operation expenses as mining operations become more complicated. Companies are using software solutions like workforce management and fleet management systems more frequently to address these problems and enable better decision-making based on real-time data tracking and analysis. The software segment market has been further divided into fleet management, workforce management, data management, air quality and temperature monitoring, remote operating and monitoring, proximity detection and collision avoidance, and other markets (payload monitoring and asset tracking).

The market in Asia Pacific is projected to hold the substantial market share from 2024 to 2029.

Mining Automation Market by Region

Mining Automation Market by Region

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The mining automation market share in Asia Pacific has been studied for Australia, China, India, and the Rest of Asia Pacific. Asia Pacific is host to vast natural resources that are dispersed among the countries that are part of it. According to estimations, Asia Pacific will surpass other regions as the world's most extensive mining automation technology and equipment market. The usage of automated mining equipment by significant exploration and mining corporations such as Rio Tinto (UK), FMG (Australia) Group, and BHP Billiton (Australia) is the cause of this development. Additionally, several mining corporations in Australia's Western area already utilize automated mining equipment at their mine sites. Further, mining corporations worldwide have made significant investments due to the growing digitization of mines and the globalization of economies.

Australia’s mineral resources have been essential in building and developing its economy. The Australian mining sector possesses significant geological information about the region, advanced exploration techniques, efficient mining and processing technologies, a skilled workforce, and low population density. Such critical factors have helped the Australian mining ecosystem to grow at a significant rate.

Top Mining Automation Companies - Key Market Players:

Caterpillar (US), Komatsu Ltd. (Japan), Sandvik AB (Sweden), Epiroc AB (Sweden), and Hitachi Construction Machinery Co., Ltd. (Japan)  are among a few top players in the mining automation companies.

Mining Automation Market Report Scope :

Report Metric

Details

Estimated Market Size  USD 3.6 billion in 2024
Projected Market Size USD 5.1 billion by 2029
Growth Rate  CAGR of 7.2%

Market Size Available for Years

2020–2029

Base Year

2023

Forecast Period

2024–2029

Units

Value (USD Million/Billion)

Segments Covered

  • By Offering,
  • By Technique, and
  • By Workflow

Geographic Regions Covered

  • North America,
  • Europe,
  • Asia Pacific, and
  • RoW

Companies Covered

Major Players:  Caterpillar (US), Komatsu Ltd. (Japan), Sandvik AB (Sweden), Epiroc AB (Sweden), Hitachi Construction Machinery Co., Ltd. (Japan), Hexagon AB (Sweden), RPMGLOBAL HOLDINGS LIMITED (Australia), Trimble Inc. (US), Rockwell Automation (US), Siemens (Germany) and Others - (Total 25 players have been covered)

Mining Automation Market Highlights

This research report categorizes the mining automation market by offering,  technique, and workflow.

Segment

Subsegment

By Offering:

  • Equipment
    • Autonomous Hauling/Mining Trucks
    • Autonomous Drilling Rigs
    • Underground LHD Loaders
    • Tunneling Equipment
    • Smart Ventilation Systems
    • Pumping Stations
  • Software
    • Workforce Management Systems
    • Proximity Detection and Collision Avoidance Systems
    • Air Quality and Temperature Monitoring Systems
    • Fleet Management Systems
    • Remote Operating and Monitoring Systems
    • Data Management Solutions
  • Communication Systems
    • Wireless Mesh Networks
    • Navigation Systems
    • Radio-frequency Identification (RFID) Tags

By Technique:

  • Underground Mining
  • Surface Mining

By Workflow:

  • Mine development
  • Mining process

By Region

  • North America
    • US
    • Canada
    • Mexico
  • Europe
    • Turkey
    • Sweden
    • Rest of Europe
  • Asia Pacific
    • Australia
    • China
    • India
    • Rest of Asia Pacific
  • Rest of the World
    • Middle East & Africa
    • South America

Recent Developments in Mining Automation Industry: 

  • In November 2023, Sandvik has secured a substantial order for underground mining equipment from Jimond Mining Management Company (JMMC), a subsidiary of the Chinese mining services provider JCHX Mining Management Co., Ltd. The equipment is slated for use in the Kamoa-Kakula copper mine in the Democratic Republic of the Congo.
  • In October 2023, Epiroc AB received a contract from one of the largest underground mining Australian contractors, Byrnecut. The contractor has placed an order for a fleet of Minetruck MT65 S haulers. These vehicles are designated for use at the Kathleen Valley mine in Western Australia.
  • In May 2023, Caterpillar released a new dozer demonstrating enhanced fuel efficiency, heightened productivity, and increased uptime. With a stator clutch torque converter and load-sensing hydraulics, the updated design boasts up to a 6% improvement in efficiency compared to the previous versions.

Frequently Asked Questions(FAQs):

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TABLE OF CONTENTS
 
1 INTRODUCTION (Page No. - 32)
    1.1 STUDY OBJECTIVES 
    1.2 MARKET DEFINITION 
    1.3 STUDY SCOPE 
           1.3.1 MARKETS COVERED
                    FIGURE 1 MINING AUTOMATION MARKET SEGMENTATION
           1.3.2 REGIONAL SCOPE
           1.3.3 YEARS CONSIDERED
           1.3.4 INCLUSIONS AND EXCLUSIONS
    1.4 CURRENCY CONSIDERED 
    1.5 LIMITATIONS 
    1.6 STAKEHOLDERS 
    1.7 SUMMARY OF CHANGES 
    1.8 RECESSION IMPACT 
 
2 RESEARCH METHODOLOGY (Page No. - 37)
    2.1 RESEARCH DATA 
           FIGURE 2 MINING AUTOMATION MARKET: RESEARCH DESIGN
           2.1.1 SECONDARY AND PRIMARY RESEARCH
                    FIGURE 3 MINING AUTOMATION MARKET: RESEARCH APPROACH
           2.1.2 SECONDARY DATA
                    2.1.2.1 List of major secondary sources
                    2.1.2.2 Key data from secondary sources
           2.1.3 PRIMARY DATA
                    2.1.3.1 List of participants and key opinion leaders in primary interviews
                    2.1.3.2 Key data from primary sources
                    2.1.3.3 Key industry insights
                    2.1.3.4 Breakdown of primaries
    2.2 MARKET SIZE ESTIMATION 
           2.2.1 BOTTOM-UP APPROACH
                    2.2.1.1 Approach to estimate market size using bottom-up approach (demand side)
                               FIGURE 4 MINING AUTOMATION MARKET: BOTTOM-UP APPROACH
           2.2.2 TOP-DOWN APPROACH
                    2.2.2.1 Approach to estimate market size using top-down analysis (supply side)
                               FIGURE 5 MINING AUTOMATION MARKET: TOP-DOWN APPROACH
                               FIGURE 6 MINING AUTOMATION MARKET: MARKET SIZE ESTIMATION METHODOLOGY
    2.3 DATA TRIANGULATION 
           FIGURE 7 MARKET BREAKDOWN AND DATA TRIANGULATION
    2.4 RESEARCH ASSUMPTIONS 
           FIGURE 8 RESEARCH ASSUMPTIONS
    2.5 RESEARCH LIMITATIONS 
    2.6 PARAMETERS CONSIDERED TO ANALYZE RECESSION IMPACT ON MINING AUTOMATION MARKET 
    2.7 RISK ASSESSMENT 
 
3 EXECUTIVE SUMMARY (Page No. - 48)
    FIGURE 9 MINING AUTOMATION MARKET, 2020–2029 (USD MILLION)
    FIGURE 10 UNDERGROUND MINING TECHNIQUE TO DOMINATE MARKET THROUGHOUT FORECAST PERIOD
    FIGURE 11 EQUIPMENT SEGMENT TO ACCOUNT FOR LARGEST MARKET SHARE FROM 2024 TO 2029
    FIGURE 12 MINE DEVELOPMENT SEGMENT TO REGISTER HIGHEST CAGR IN MINING AUTOMATION MARKET DURING FORECAST PERIOD
    FIGURE 13 ASIA PACIFIC HELD LARGEST SHARE OF  MARKET IN 2023
 
4 PREMIUM INSIGHTS (Page No. - 52)
    4.1 ATTRACTIVE OPPORTUNITIES FOR PLAYERS IN MINING AUTOMATION MARKET 
           FIGURE 14 STRONG FOCUS ON ENHANCING WORKER SAFETY AND IMPROVING PRODUCTIVITY TO DRIVE MINING AUTOMATION MARKET
    4.2 MINING AUTOMATION MARKET, BY OFFERING 
           FIGURE 15 EQUIPMENT SEGMENT TO CAPTURE LARGEST MARKET SHARE IN 2029
    4.3 MINING AUTOMATION MARKET, BY WORKFLOW 
           FIGURE 16 MINE DEVELOPMENT SEGMENT TO ACCOUNT FOR LARGEST MARKET SHARE IN 2029
    4.4 MINING AUTOMATION MARKET IN NORTH AMERICA, BY OFFERING AND COUNTRY 
           FIGURE 17 EQUIPMENT SEGMENT AND US TO HOLD LARGEST SHARES OF NORTH AMERICAN MINING AUTOMATION MARKET IN 2029
    4.5 MINING AUTOMATION MARKET, BY GEOGRAPHY 
           FIGURE 18 CHINA TO RECORD HIGHEST CAGR IN OVERALL  MARKET DURING FORECAST PERIOD
 
5 MARKET OVERVIEW (Page No. - 55)
    5.1 INTRODUCTION 
    5.2 MARKET DYNAMICS 
           FIGURE 19 MINING AUTOMATION MARKET: DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES
           5.2.1 DRIVERS
                    5.2.1.1 Increased need for safety and productivity in mines
                    5.2.1.2 Greater focus of mining companies on reducing operating costs
                    5.2.1.3 Significant demand for fleet management systems by mining companies
                               FIGURE 20 ANALYSIS OF IMPACT OF DRIVERS ON MINING AUTOMATION MARKET
           5.2.2 RESTRAINTS
                    5.2.2.1 Depletion of natural resources
                    5.2.2.2 Impact on GDP of host countries and prevailing perception of automation as threat to jobs
                               FIGURE 21 ANALYSIS OF IMPACT OF RESTRAINTS ON MINING AUTOMATION MARKET
           5.2.3 OPPORTUNITIES
                    5.2.3.1 Rising adoption of digital technologies in mining industry
                    5.2.3.2 Increasing significance of smart connected mines
                    5.2.3.3 Thriving battery industry with exploration of new lithium and battery material deposits
                               FIGURE 22 ANALYSIS OF IMPACT OF OPPORTUNITIES ON MINING AUTOMATION MARKET
           5.2.4 CHALLENGES
                    5.2.4.1 Difficulties associated with convergence of mining technologies
                    5.2.4.2 Rising global protests and environmental concerns for ecological impact of mining automation
                    5.2.4.3 Shortage of skilled personnel to operate automated mining equipment
                               FIGURE 23 ANALYSIS OF IMPACT OF CHALLENGES ON MINING AUTOMATION MARKET
    5.3 VALUE CHAIN ANALYSIS 
           FIGURE 24 VALUE CHAIN ANALYSIS
    5.4 ECOSYSTEM ANALYSIS 
           FIGURE 25 MINING AUTOMATION ECOSYSTEM
           TABLE 1 ROLE OF KEY COMPANIES IN ECOSYSTEM
    5.5 PRICING ANALYSIS 
           5.5.1 AVERAGE SELLING PRICE TREND FOR AUTONOMOUS HAULAGE/ MINING TRUCKS
                    FIGURE 26 AVERAGE SELLING PRICE TREND FOR AUTONOMOUS HAULAGE/MINING TRUCKS, 2020–2029
           5.5.2 AVERAGE SELLING PRICE OF AUTONOMOUS HAULAGE/MINING TRUCKS PROVIDED BY KEY PLAYERS
                    FIGURE 27 AVERAGE SELLING PRICE OF AUTONOMOUS HAULAGE/MINING TRUCKS OFFERED BY KEY PLAYERS
                    TABLE 2 AVERAGE SELLING PRICE OF AUTONOMOUS HAULAGE/MINING TRUCKS OFFERED BY KEY PLAYERS (USD MILLION)
                    TABLE 3 AVERAGE SELLING PRICE TREND OF MINING AUTOMATION EQUIPMENT (USD MILLION)
           5.5.3 AVERAGE SELLING PRICE TREND OF AUTONOMOUS HAULAGE/MINING TRUCKS, BY REGION
                    TABLE 4 AVERAGE SELLING PRICE TREND OF MINING AUTOMATION, BY REGION (USD MILLION)
    5.6 TRENDS/DISRUPTIONS IMPACTING CUSTOMER BUSINESS 
           FIGURE 28 TRENDS INFLUENCING MINING AUTOMATION MARKET GROWTH
    5.7 TECHNOLOGY ANALYSIS 
           5.7.1 ARTIFICIAL INTELLIGENCE (AI)
           5.7.2 DIGITAL TWIN
           5.7.3 INTERNET OF THINGS (IOT)
           5.7.4 SATCOM
           5.7.5 CLOUD COMPUTING
    5.8 PORTER’S FIVE FORCES ANALYSIS 
           TABLE 5 IMPACT OF PORTER’S FIVE FORCES ON MINING AUTOMATION MARKET
           FIGURE 29 MINING AUTOMATION MARKET: PORTER’S FIVE FORCES ANALYSIS
           5.8.1 THREAT OF NEW ENTRANTS
           5.8.2 THREAT OF SUBSTITUTES
           5.8.3 BARGAINING POWER OF SUPPLIERS
           5.8.4 BARGAINING POWER OF BUYERS
           5.8.5 INTENSITY OF COMPETITIVE RIVALRY
    5.9 KEY STAKEHOLDERS AND BUYING CRITERIA 
           5.9.1 KEY STAKEHOLDERS IN BUYING PROCESS
                    FIGURE 30 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS, BY OFFERING
                    TABLE 6 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS, BY OFFERING (%)
           5.9.2 BUYING CRITERIA
                    FIGURE 31 KEY BUYING CRITERIA, BY OFFERING
                    TABLE 7 KEY BUYING CRITERIA, BY OFFERING
    5.10 CASE STUDY ANALYSIS 
           5.10.1 USE OF ROCKWELL AUTOMATION’S CONTROL SYSTEM AND VISUALIZATION SOLUTIONS IN ARRIUM’S IRON KNOB MINE TO REDUCE OPERATIONAL COSTS AND MINIMIZE DOWNTIME
           5.10.2 IMPLEMENTATION OF KOMATSU’S AHS AT SWEDISH COPPER MINE BY BOLIDEN TO ENHANCE PRODUCTIVITY AND SAFETY
           5.10.3 DEPLOYMENT OF ROCKWELL AUTOMATION’S FACTORYTALK SUITE AT AMRUN BAUXITE MINE BY RIO TINTO TO IMPROVE TRANSPARENCY IN MINING OPERATIONS
           5.10.4 ADOPTION OF SANDVIK AB’S MINING EQUIPMENT IN VELADERO GOLD MINE BY BARRICK GOLD TO REMAIN PRODUCTIVE IN HARSH ENVIRONMENT
           5.10.5 UTILIZATION OF CATERPILLAR’S AUTONOMOUS DRILLS AND TRUCKS AT GUDAI-DARRI MINE BY RIO TINTO TO CREATE CONNECTED VALUE CHAIN
           5.10.6 IMPLEMENTATION OF HEXAGON AB PRODUCTS BY RUSTENBURG PLATINUM (ANGLO AMERICAN PLATINUM) MINES LIMITED TO STREAMLINE OPERATIONS
           5.10.7 ADOPTION OF KOMATSU'S SOLUTION BY ESEMIN AT EI SANTO MINING SITE TO ACHIEVE CUSTOMIZED FINANCING AND TECHNICAL SUPPORT
    5.11 TRADE ANALYSIS 
           FIGURE 32 IMPORT DATA FOR HS CODE 8429-COMPLIANT PRODUCTS, BY COUNTRY, 2018–2022 (USD MILLION)
           FIGURE 33 EXPORT DATA FOR HS CODE 8429-COMPLIANT PRODUCTS, BY COUNTRY, 2018–2022 (USD MILLION)
    5.12 PATENT ANALYSIS 
           FIGURE 34 TOP 10 COMPANIES WITH SUBSTANTIAL NUMBER OF PATENT APPLICATIONS IN LAST 10 YEARS
           TABLE 8 US: TOP 20 PATENT OWNERS IN LAST 10 YEARS
           FIGURE 35 NO. OF PATENTS GRANTED PER YEAR FROM 2013 TO 2022
           TABLE 9 MINING AUTOMATION MARKET: LIST OF PATENTS, 2023
    5.13 KEY CONFERENCES AND EVENTS, 2024–2025 
           TABLE 10 MINING AUTOMATION MARKET: LIST OF CONFERENCES AND EVENTS, 2024–2025
    5.14 TARIFFS, REGULATORY LANDSCAPE, AND STANDARDS 
           5.14.1 COUNTRY-WISE TARIFF FOR HS CODE 8429-COMPLIANT PRODUCTS
                    TABLE 11 TARIFF RATES APPLIED BY DIFFERENT COUNTRIES ON IMPORTED GOODS (%)
           5.14.2 REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
                    TABLE 12 NORTH AMERICA: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
                    TABLE 13 EUROPE: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
                    TABLE 14 ASIA PACIFIC: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
                    TABLE 15 ROW: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
           5.14.3 STANDARDS
                    TABLE 16 MAJOR STANDARDS FOR MINING MACHINERY
 
6 MINING AUTOMATION MARKET, BY OFFERING (Page No. - 89)
    6.1 INTRODUCTION 
           FIGURE 36 MARKET, BY OFFERING
           TABLE 17 MARKET, BY OFFERING, 2020–2023 (USD MILLION)
           TABLE 18 MARKET, BY OFFERING, 2024–2029 (USD MILLION)
           FIGURE 37 COMMUNICATION SYSTEMS TO EXHIBIT HIGHEST CAGR IN MINING AUTOMATION MARKET, BY OFFERING, DURING FORECAST PERIOD
    6.2 EQUIPMENT 
           FIGURE 38 MINING AUTOMATION MARKET, BY EQUIPMENT
           TABLE 19 MARKET, BY EQUIPMENT, 2020–2023 (USD MILLION)
           TABLE 20 MARKET, BY EQUIPMENT, 2024–2029 (USD MILLION)
           TABLE 21 EQUIPMENT: MARKET, 2020–2023 (UNITS)
           TABLE 22 EQUIPMENT: MARKET, 2024–2029 (UNITS)
           TABLE 23 EQUIPMENT: MARKET, BY TECHNIQUE, 2020–2023 (USD MILLION)
           TABLE 24 EQUIPMENT: MARKET, BY TECHNIQUE, 2024–2029 (USD MILLION)
           TABLE 25 EQUIPMENT: MARKET, BY REGION, 2020–2023 (USD MILLION)
           TABLE 26 EQUIPMENT: MARKET, BY REGION, 2024–2029 (USD MILLION)
           6.2.1 AUTONOMOUS HAULING/MINING TRUCKS
                    6.2.1.1 Focus on increasing productivity at mine sites to boost adoption of autonomous hauling mining trucks
           6.2.2 AUTONOMOUS DRILLING RIGS
                    6.2.2.1 Emphasis on drilling more holes in less time with greater accuracy to accelerate segmental growth
           6.2.3 UNDERGROUND LHD LOADERS
                    6.2.3.1 Growing focus on addressing underground mining challenges to foster demand for underground LHD loaders
           6.2.4 TUNNELLING EQUIPMENT
                    6.2.4.1 Rising adoption of TBMs during tunneling process to increase mine efficiency and safety to support market growth
           6.2.5 SMART VENTILATION SYSTEMS
                    6.2.5.1 High risk of gas leakage or explosion in underground mine sites to drive deployment of smart ventilation systems
           6.2.6 PUMPING STATIONS
                    6.2.6.1 Need for effective water management at mining sites to facilitate implementation of automated pumping stations
           6.2.7 OTHER EQUIPMENT
                    6.2.7.1 Hybrid shovels
                    6.2.7.2 Total stations
                    6.2.7.3 Mining dozers
                    6.2.7.4 Wheeled loaders
                    6.2.7.5 Mining excavators
    6.3 SOFTWARE 
           FIGURE 39 MINING AUTOMATION MARKET, BY SOFTWARE
           TABLE 27 MARKET, BY SOFTWARE, 2020–2023 (USD MILLION)
           TABLE 28 MARKET, BY SOFTWARE, 2024–2029 (USD MILLION)
           TABLE 29 SOFTWARE: MARKET, BY TECHNIQUE, 2020–2023 (USD MILLION)
           TABLE 30 SOFTWARE: MARKET, BY TECHNIQUE, 2024–2029 (USD MILLION)
           TABLE 31 SOFTWARE: MARKET, BY REGION, 2020–2023 (USD MILLION)
           TABLE 32 SOFTWARE: MARKET, BY REGION, 2024–2029 (USD MILLION)
           6.3.1 WORKFORCE MANAGEMENT
                    6.3.1.1 Need for shift planning and scheduling workforce activities to boost demand
           6.3.2 PROXIMITY DETECTION & COLLISION AVOIDANCE
                    6.3.2.1 Need to mitigate risk of accidents and enhance overall safety in mining sites to accelerate demand
           6.3.3 AIR QUALITY & TEMPERATURE MONITORING
                    6.3.3.1 Critical need to ensure health and safety of mine workers to boost demand
           6.3.4 FLEET MANAGEMENT
                    6.3.4.1 Growing importance of remote monitoring of machine and vehicle fleets to boost demand
           6.3.5 REMOTE OPERATING & MONITORING
                    6.3.5.1 Rising focus on efficient remote management of mining processes to boost demand
           6.3.6 DATA MANAGEMENT
                    6.3.6.1 Generation of enormous data volumes from varied mining devices to create requirements for data management solutions
           6.3.7 OTHER SOFTWARE SOLUTIONS
                    6.3.7.1 Asset tracking
                    6.3.7.2 Payload monitoring
    6.4 COMMUNICATION SYSTEMS 
           FIGURE 40 MINING AUTOMATION MARKET, BY COMMUNICATION SYSTEM
           TABLE 33 MINING AUTOMATION MARKET, BY COMMUNICATION SYSTEM, 2020–2023 (USD MILLION)
           TABLE 34 MINING AUTOMATION MARKET, BY COMMUNICATION SYSTEM, 2024–2029 (USD MILLION)
           TABLE 35 COMMUNICATION SYSTEMS: MARKET, BY TECHNIQUE, 2020–2023 (USD MILLION)
           TABLE 36 COMMUNICATION SYSTEMS: MARKET, BY TECHNIQUE, 2024–2029 (USD MILLION)
           TABLE 37 COMMUNICATION SYSTEMS: MARKET, BY REGION, 2020–2023 (USD MILLION)
           TABLE 38 COMMUNICATION SYSTEMS: MARKET, BY REGION, 2024–2029 (USD MILLION)
           6.4.1 WIRELESS MESH NETWORKS
                    6.4.1.1 Scalability, ruggedness, ease of installation, and low maintenance costs to support implementation of wireless mesh networks at mining sites
           6.4.2 NAVIGATION SYSTEMS
                    6.4.2.1 Requirement for real-time information on autonomous vehicles at mining sites to drive market
           6.4.3 RADIO-FREQUENCY IDENTIFICATION (RFID) TAGS
                    6.4.3.1 Necessity to track real-time location of mining equipment and workers to boost demand for RFID tags
 
7 MINING AUTOMATION MARKET, BY TECHNIQUE (Page No. - 108)
    7.1 INTRODUCTION 
           FIGURE 41 MINING AUTOMATION MARKET, BY TECHNIQUE
           FIGURE 42 UNDERGROUND MINING TECHNIQUE TO REGISTER HIGHER CAGR DURING FORECAST PERIOD
           TABLE 39 MINING AUTOMATION MARKET, BY TECHNIQUE, 2020–2023 (USD MILLION)
           TABLE 40 MINING AUTOMATION MARKET, BY TECHNIQUE, 2024–2029 (USD MILLION)
    7.2 UNDERGROUND MINING 
           7.2.1 RISING USE OF AUTOMATION IN UNDERGROUND MINING TO MITIGATE RISKS TO DRIVE MARKET
                    TABLE 41 UNDERGROUND MINING: MARKET, BY OFFERING, 2020–2023 (USD MILLION)
                    TABLE 42 UNDERGROUND MINING: MARKET, BY OFFERING, 2024–2029 (USD MILLION)
                    TABLE 43 UNDERGROUND MINING: MARKET, BY REGION, 2020–2023 (USD MILLION)
                    TABLE 44 UNDERGROUND MINING: MARKET: BY REGION, 2024–2029 (USD MILLION)
    7.3 SURFACE MINING 
           7.3.1 INCREASING FOCUS ON COST-EFFICIENCY AND SAFE OPERATIONS TO BOOST DEMAND FOR AUTOMATION IN SURFACE MINING
                    TABLE 45 SURFACE MINING: MARKET, BY OFFERING, 2020–2023 (USD MILLION)
                    TABLE 46 SURFACE MINING: MARKET: BY OFFERING, 2024–2029 (USD MILLION)
                    TABLE 47 SURFACE MINING: MARKET, BY REGION, 2020–2023 (USD MILLION)
                    TABLE 48 SURFACE MINING: MARKET, BY REGION, 2024–2029 (USD MILLION)
 
8 MINING AUTOMATION MARKET, BY WORKFLOW (Page No. - 114)
    8.1 INTRODUCTION 
           FIGURE 43 MINING AUTOMATION MARKET, BY WORKFLOW
           FIGURE 44 MINE DEVELOPMENT SEGMENT TO REGISTER HIGHEST CAGR DURING FORECAST PERIOD
           TABLE 49 MARKET, BY WORKFLOW, 2020–2023 (USD MILLION)
           TABLE 50 MARKET, BY WORKFLOW, 2024–2029 (USD MILLION)
    8.2 MINING PROCESS 
           TABLE 51 MINING PROCESS: MARKET, BY PROCESS TYPE, 2020–2023 (USD MILLION)
           TABLE 52 MINING PROCESS: MARKET, BY PROCESS TYPE, 2024–2029 (USD MILLION)
           8.2.1 AUTONOMOUS HAULAGE
                    8.2.1.1 Strong focus on enhancing worker safety and productivity and reducing maintenance costs to fuel segmental growth
           8.2.2 AUTOMATED DRILLING
                    8.2.2.1 Significant emphasis on reducing mine accidents to accelerate demand for automated drilling solutions
    8.3 MINE MAINTENANCE 
           TABLE 53 MINE MAINTENANCE: MARKET, BY PROCESS TYPE, 2020–2023 (USD MILLION)
           TABLE 54 MINE MAINTENANCE: MARKET, BY PROCESS TYPE, 2024–2029 (USD MILLION)
           8.3.1 HVAC INSTALLATION AND MAINTENANCE
                    8.3.1.1 Installation of HVAC systems to improve ventilation at mine sites to increase need for maintenance services
           8.3.2 MINE DEWATERING
                    8.3.2.1 Need to dispose of accumulated water at mine sites to fuel segmental growth
    8.4 MINE DEVELOPMENT 
           TABLE 55 MINE DEVELOPMENT: MARKET, BY PROCESS TYPE, 2020–2023 (USD MILLION)
           TABLE 56 MINE DEVELOPMENT: MARKET, BY PROCESS TYPE, 2024–2029 (USD MILLION)
           8.4.1 TUNNEL BORING
                    8.4.1.1 Greater focus on exploring rich mineral reserves to foster requirement for TBMs
           8.4.2 ACCESS ROAD CONSTRUCTION
                    8.4.2.1 Designing and planning of access roads to create need for automated tools
           8.4.3 SITE PREPARATION & CLEARING
                    8.4.3.1 Rising use of modular technology during mine site construction to support market growth
 
9 MINING AUTOMATION MARKET, BY REGION (Page No. - 122)
    9.1 INTRODUCTION 
           9.1.1 IMPACT OF GEOPOLITICAL SITUATIONS ON MINING AUTOMATION MARKET
                    FIGURE 45 MINING AUTOMATION MARKET, BY REGION
                    FIGURE 46 CHINA TO EXHIBIT HIGHEST CAGR IN GLOBAL MINING AUTOMATION MARKET DURING FORECAST PERIOD
                    TABLE 57 MINING AUTOMATION MARKET, BY REGION, 2020–2023 (USD MILLION)
                    TABLE 58 MINING AUTOMATION MARKET, BY REGION, 2024–2029 (USD MILLION)
    9.2 NORTH AMERICA 
           9.2.1 NORTH AMERICA: RECESSION IMPACT
                    FIGURE 47 NORTH AMERICA: MINING AUTOMATION MARKET SNAPSHOT
                    TABLE 59 NORTH AMERICA: MARKET, BY COUNTRY, 2020–2023 (USD MILLION)
                    TABLE 60 NORTH AMERICA: MARKET, BY COUNTRY, 2024–2029 (USD MILLION)
                    TABLE 61 NORTH AMERICA: MARKET, BY OFFERING, 2020–2023 (USD MILLION)
                    TABLE 62 NORTH AMERICA: MARKET, BY OFFERING, 2024–2029 (USD MILLION)
                    TABLE 63 NORTH AMERICA: MARKET, BY TECHNIQUE, 2020–2023 (USD MILLION)
                    TABLE 64 NORTH AMERICA: MARKET, BY TECHNIQUE, 2024–2029 (USD MILLION)
                    FIGURE 48 US TO LEAD NORTH AMERICAN MARKET DURING FORECAST PERIOD
           9.2.2 US
                    9.2.2.1 Enhanced productivity by automation in mines to drive market
                               TABLE 65 US: MARKET, BY OFFERING, 2020–2023 (USD MILLION)
                               TABLE 66 US: MARKET, BY OFFERING, 2024–2029 (USD MILLION)
           9.2.3 CANADA
                    9.2.3.1 Significant presence of metal- and non-metal producing mines to fuel market growth
                               TABLE 67 CANADA: MARKET, BY OFFERING, 2020–2023 (USD MILLION)
                               TABLE 68 CANADA: MARKET, BY OFFERING, 2024–2029 (USD MILLION)
           9.2.4 MEXICO
                    9.2.4.1 Strong government support and mining-friendly regulations to foster market growth
                               TABLE 69 MEXICO: MARKET, BY OFFERING, 2020–2023 (USD MILLION)
                               TABLE 70 MEXICO: MARKET, BY OFFERING, 2024–2029 (USD MILLION)
    9.3 EUROPE 
           9.3.1 EUROPE: RECESSION IMPACT
                    FIGURE 49 EUROPE: MINING AUTOMATION MARKET SNAPSHOT
                    FIGURE 50 TURKEY TO REGISTER HIGHEST CAGR IN EUROPEAN MINING AUTOMATION MARKET DURING FORECAST PERIOD
                    TABLE 71 EUROPE: MARKET, BY COUNTRY, 2020–2023 (USD MILLION)
                    TABLE 72 EUROPE: MARKET, BY COUNTRY, 2024–2029 (USD MILLION)
                    TABLE 73 EUROPE: MARKET, BY OFFERING, 2020–2023 (USD MILLION)
                    TABLE 74 EUROPE: MARKET, BY OFFERING, 2024–2029 (USD MILLION)
                    TABLE 75 EUROPE: MARKET, BY TECHNIQUE, 2020–2023 (USD MILLION)
                    TABLE 76 EUROPE: MARKET, BY TECHNIQUE, 2024–2029 (USD MILLION)
           9.3.2 TURKEY
                    9.3.2.1 Flourishing mining sector to boost automation
                               TABLE 77 TURKEY: MARKET, BY OFFERING, 2020–2023 (USD MILLION)
                               TABLE 78 TURKEY: MARKET, BY OFFERING, 2024–2029 (USD MILLION)
           9.3.3 SWEDEN
                    9.3.3.1 Increasing adoption of advanced and innovative automation technologies in mining projects to drive market
                               TABLE 79 SWEDEN: MARKET, BY OFFERING, 2020–2023 (USD MILLION)
                               TABLE 80 SWEDEN: MARKET, BY OFFERING, 2024–2029 (USD MILLION)
           9.3.4 REST OF EUROPE
                    TABLE 81 REST OF EUROPE: MARKET, BY OFFERING, 2020–2023 (USD MILLION)
                    TABLE 82 REST OF EUROPE: MARKET, BY OFFERING, 2024–2029 (USD MILLION)
    9.4 ASIA PACIFIC 
           9.4.1 ASIA PACIFIC: RECESSION IMPACT
                    FIGURE 51 ASIA PACIFIC: MINING AUTOMATION MARKET SNAPSHOT
                    FIGURE 52 AUSTRALIA TO ACCOUNT FOR LARGEST SHARE OF MINING AUTOMATION MARKET IN ASIA PACIFIC DURING FORECAST PERIOD
                    TABLE 83 ASIA PACIFIC: MARKET, BY COUNTRY, 2020–2023 (USD MILLION)
                    TABLE 84 ASIA PACIFIC: MARKET, BY COUNTRY, 2024–2029 (USD MILLION)
                    TABLE 85 ASIA PACIFIC: MARKET, BY OFFERING, 2020–2023 (USD MILLION)
                    TABLE 86 ASIA PACIFIC: MARKET, BY OFFERING, 2024–2029 (USD MILLION)
                    TABLE 87 ASIA PACIFIC: MARKET, BY TECHNIQUE, 2020–2023 (USD MILLION)
                    TABLE 88 ASIA PACIFIC: MARKET, BY TECHNIQUE, 2024–2029 (USD MILLION)
           9.4.2 CHINA
                    9.4.2.1 Focus on modernization of mines to accelerate market growth
                               TABLE 89 CHINA: MARKET, BY OFFERING, 2020–2023 (USD MILLION)
                               TABLE 90 CHINA: MARKET, BY OFFERING, 2024–2029 (USD MILLION)
           9.4.3 INDIA
                    9.4.3.1 New deposit discoveries to fuel market growth
                               TABLE 91 INDIA: MARKET, BY OFFERING, 2020–2023 (USD MILLION)
                               TABLE 92 INDIA: MARKET, BY OFFERING, 2024–2029 (USD MILLION)
           9.4.4 AUSTRALIA
                    9.4.4.1 Government focus on automation of mines to drive market
                               TABLE 93 AUSTRALIA: MINING AUTOMATION MARKET, BY OFFERING, 2020–2023 (USD MILLION)
                               TABLE 94 AUSTRALIA: MARKET, BY OFFERING, 2024–2029 (USD MILLION)
           9.4.5 REST OF ASIA PACIFIC
                    TABLE 95 REST OF ASIA PACIFIC: MARKET, BY OFFERING, 2020–2023 (USD MILLION)
                    TABLE 96 REST OF ASIA PACIFIC: MARKET, BY OFFERING, 2024–2029 (USD MILLION)
    9.5 ROW 
           9.5.1 ROW: RECESSION IMPACT
                    FIGURE 53 MIDDLE EAST & AFRICA TO REGISTER HIGHER CAGR IN MINING AUTOMATION MARKET IN ROW DURING FORECAST PERIOD
                    TABLE 97 ROW: MARKET, BY REGION, 2020–2023 (USD MILLION)
                    TABLE 98 ROW: MARKET, BY REGION, 2024–2029 (USD MILLION)
                    TABLE 99 ROW: MARKET, BY OFFERING, 2020–2023 (USD MILLION)
                    TABLE 100 ROW: MARKET, BY OFFERING, 2024–2029 (USD MILLION)
                    TABLE 101 ROW: MARKET, BY TECHNIQUE, 2020–2023 (USD MILLION)
                    TABLE 102 ROW: MARKET, BY TECHNIQUE, 2024–2029 (USD MILLION)
           9.5.2 SOUTH AMERICA
                    TABLE 103 SOUTH AMERICA: MARKET, BY OFFERING, 2020–2023 (USD MILLION)
                    TABLE 104 SOUTH AMERICA: MARKET, BY OFFERING, 2024–2029 (USD MILLION)
                    TABLE 105 SOUTH AMERICA: MARKET, BY COUNTRY, 2020–2023 (USD MILLION)
                    TABLE 106 SOUTH AMERICA: MARKET, BY COUNTRY, 2024–2029 (USD MILLION)
                    9.5.2.1 Bolivia
                               9.5.2.1.1 Environmental regulations and resource abundance to boost demand for mining automation tools
                    9.5.2.2 Peru
                               9.5.2.2.1 Strategic investments and government initiatives to fuel market growth
                    9.5.2.3 Chile
                               9.5.2.3.1 Increasing mining activities due to presence of high-quality iron ore beds to drive market
                    9.5.2.4 Rest of South America
           9.5.3 MIDDLE EAST & AFRICA
                    TABLE 107 MIDDLE EAST & AFRICA: MARKET, BY COUNTRY 2020–2023 (USD MILLION)
                    TABLE 108 MIDDLE EAST & AFRICA: MARKET, BY COUNTRY, 2024–2029 (USD MILLION)
                    9.5.3.1 GCC countries
                               9.5.3.1.1 Growing mining sector to drive market
                                            TABLE 109 GCC COUNTRIES: MARKET, BY OFFERING, 2020–2023 (USD MILLION)
                                            TABLE 110 GCC COUNTRIES: MARKET, BY OFFERING, 2024–2029 (USD MILLION)
                    9.5.3.2 South Africa
                               9.5.3.2.1 Shortage of skilled labor to boost adoption of mining automation techniques
                                            TABLE 111 SOUTH AFRICA: MARKET, BY OFFERING, 2020–2023 (USD MILLION)
                                            TABLE 112 SOUTH AFRICA: MARKET, BY OFFERING, 2024–2029 (USD MILLION)
                    9.5.3.3 Rest of Middle East & Africa
                               TABLE 113 REST OF MIDDLE EAST & AFRICA: MARKET, BY OFFERING, 2020–2023 (USD MILLION)
                               TABLE 114 REST OF MIDDLE EAST & AFRICA: MARKET, BY OFFERING, 2024–2029 (USD MILLION)
 
10 COMPETITIVE LANDSCAPE (Page No. - 156)
     10.1 OVERVIEW 
     10.2 KEY STRATEGIES ADOPTED BY MAJOR PLAYERS, 2020–2023 
             TABLE 115 MINING AUTOMATION MARKET: OVERVIEW OF STRATEGIES ADOPTED BY KEY PLAYERS, 2020–2023
     10.3 REVENUE ANALYSIS OF TOP PLAYERS, 2018–2022 
             FIGURE 54 MINING AUTOMATION MARKET: REVENUE ANALYSIS OF TOP FIVE PLAYERS, 2018–2022
     10.4 MARKET SHARE ANALYSIS, 2023 
             FIGURE 55 MARKET SHARE ANALYSIS, 2023
             TABLE 116 MARKET SHARE ANALYSIS, 2023
     10.5 COMPANY EVALUATION MATRIX: KEY PLAYERS, 2023 
             10.5.1 STARS
             10.5.2 EMERGING LEADERS
             10.5.3 PERVASIVE PLAYERS
             10.5.4 PARTICIPANTS
                        FIGURE 56 MARKET: COMPANY EVALUATION MATRIX (KEY PLAYERS), 2023
             10.5.5 COMPANY FOOTPRINT (KEY PLAYERS)
                        TABLE 117 OVERALL COMPANY FOOTPRINT
             10.5.6 MINING AUTOMATION MARKET: EQUIPMENT FOOTPRINT
                        TABLE 118 EQUIPMENT FOOTPRINT
             10.5.7 MINING AUTOMATION MARKET: SOFTWARE FOOTPRINT
                        TABLE 119 SOFTWARE FOOTPRINT
             10.5.8 MINING AUTOMATION MARKET: REGION FOOTPRINT
                        TABLE 120 REGION FOOTPRINT
     10.6 COMPANY EVALUATION MATRIX: START-UPS/SMALL AND MEDIUM-SIZED ENTERPRISES (SMES), 2023 
             10.6.1 PROGRESSIVE COMPANIES
             10.6.2 RESPONSIVE COMPANIES
             10.6.3 DYNAMIC COMPANIES
             10.6.4 STARTING BLOCKS
                        FIGURE 57 MARKET: COMPANY EVALUATION MATRIX (START-UPS/SMES), 2023
             10.6.5 COMPETITIVE BENCHMARKING
                        TABLE 121 MINING AUTOMATION MARKET: LIST OF KEY START-UPS/SMES
             10.6.6 COMPANY FOOTPRINT (START-UPS/SMES)
                        TABLE 122 MARKET: OFFERING FOOTPRINT
                        TABLE 123 MARKET: REGION FOOTPRINT
     10.7 COMPETITIVE SCENARIOS AND TRENDS 
             10.7.1 PRODUCT LAUNCHES
                        TABLE 124 MINING AUTOMATION MARKET: PRODUCT LAUNCHES, 2020–2023
             10.7.2 DEALS
                        TABLE 125 MINING AUTOMATION MARKET: DEALS, 2020–2023
 
11 COMPANY PROFILES (Page No. - 179)
(Business Overview, Products/Solutions/Services Offered, Recent Developments, and MnM View (Key strengths/Right to Win, Strategic Choices Made, and Weaknesses and Competitive Threats))*  
     11.1 KEY PLAYERS 
             11.1.1 CATERPILLAR
                        TABLE 126 CATERPILLAR: COMPANY OVERVIEW
                        FIGURE 58 CATERPILLAR: COMPANY SNAPSHOT
                        TABLE 127 CATERPILLAR: PRODUCTS/SERVICES/SOLUTIONS OFFERED
                        TABLE 128 CATERPILLAR: PRODUCT LAUNCHES
             11.1.2 KOMATSU LTD.
                        TABLE 129 KOMATSU LTD.: COMPANY OVERVIEW
                        FIGURE 59 KOMATSU LTD.: COMPANY SNAPSHOT
                        TABLE 130 KOMATSU LTD.: PRODUCTS/SERVICES/SOLUTIONS OFFERED
                        TABLE 131 KOMATSU LTD.: DEALS
                        TABLE 132 KOMATSU LTD.: OTHERS
             11.1.3 SANDVIK AB
                        TABLE 133 SANDVIK AB: COMPANY OVERVIEW
                        FIGURE 60 SANDVIK AB: COMPANY SNAPSHOT
                        TABLE 134 SANDVIK AB: PRODUCTS/SERVICES/SOLUTIONS OFFERED
                        TABLE 135 SANDVIK AB: DEALS
             11.1.4 EPIROC AB
                        TABLE 136 EPIROC AB: COMPANY OVERVIEW
                        FIGURE 61 EPIROC AB: COMPANY SNAPSHOT
                        TABLE 137 EPIROC AB: PRODUCTS/SERVICES/SOLUTIONS OFFERED
                        TABLE 138 EPIROC AB: DEALS
             11.1.5 HITACHI CONSTRUCTION MACHINERY CO., LTD.
                        TABLE 139 HITACHI CONSTRUCTION MACHINERY CO., LTD.: COMPANY OVERVIEW
                        FIGURE 62 HITACHI CONSTRUCTION MACHINERY CO., LTD.: COMPANY SNAPSHOT
                        TABLE 140 HITACHI CONSTRUCTION MACHINERY CO., LTD.: PRODUCTS/SERVICES/SOLUTIONS OFFERED
                        TABLE 141 HITACHI CONSTRUCTION MACHINERY CO., LTD.: PRODUCT LAUNCHES
             11.1.6 AB VOLVO
                        TABLE 142 AB VOLVO: COMPANY OVERVIEW
                        FIGURE 63 AB VOLVO: COMPANY SNAPSHOT
                        TABLE 143 AB VOLVO: PRODUCTS/SERVICES/SOLUTIONS OFFERED
             11.1.7 AUTONOMOUS SOLUTIONS, INC.
                        TABLE 144 AUTONOMOUS SOLUTIONS, INC.: COMPANY OVERVIEW
                        TABLE 145 AUTONOMOUS SOLUTIONS, INC.: PRODUCTS/SERVICES/SOLUTIONS OFFERED
                        TABLE 146 AUTONOMOUS SOLUTIONS, INC.: DEALS
             11.1.8 HEXAGON AB
                        TABLE 147 HEXAGON AB: COMPANY OVERVIEW
                        FIGURE 64 HEXAGON AB: COMPANY SNAPSHOT
                        TABLE 148 HEXAGON AB: PRODUCTS/SERVICES/SOLUTIONS OFFERED
                        TABLE 149 HEXAGON AB: PRODUCT LAUNCHES
                        TABLE 150 HEXAGON AB: DEALS
             11.1.9 LIEBHERR-INTERNATIONAL DEUTSCHLAND GMBH
                        TABLE 151 LIEBHERR-INTERNATIONAL DEUTSCHLAND GMBH: COMPANY OVERVIEW
                        FIGURE 65 LIEBHERR-INTERNATIONAL DEUTSCHLAND GMBH: COMPANY SNAPSHOT
                        TABLE 152 LIEBHERR-INTERNATIONAL DEUTSCHLAND GMBH: PRODUCTS/SERVICES/SOLUTIONS OFFERED
                        TABLE 153 LIEBHERR-INTERNATIONAL DEUTSCHLAND GMBH: PRODUCT LAUNCHES
                        TABLE 154 LIEBHERR-INTERNATIONAL DEUTSCHLAND GMBH: DEALS
                        TABLE 155 LIEBHERR GROUP: OTHERS
             11.1.10 ROCKWELL AUTOMATION
                        TABLE 156 ROCKWELL AUTOMATION: COMPANY OVERVIEW
                        FIGURE 66 ROCKWELL AUTOMATION: COMPANY SNAPSHOT
                        TABLE 157 ROCKWELL AUTOMATION: PRODUCTS/SERVICES/SOLUTIONS OFFERED
             11.1.11 RPMGLOBAL HOLDINGS LIMITED
                        TABLE 158 RPMGLOBAL HOLDINGS LIMITED: COMPANY OVERVIEW
                        FIGURE 67 RPMGLOBAL HOLDINGS LIMITED: COMPANY SNAPSHOT
                        TABLE 159 RPMGLOBAL HOLDINGS LIMITED: PRODUCTS/SERVICES/SOLUTIONS OFFERED
                        TABLE 160 RPMGLOBAL HOLDINGS LIMITED: PRODUCT LAUNCHES
                        TABLE 161 RPMGLOBAL HOLDINGS LIMITED: DEALS
                        TABLE 162 RPMGLOBAL HOLDINGS LIMITED: OTHERS
             11.1.12 SANY GROUP
                        TABLE 163 SANY GROUP: COMPANY OVERVIEW
                        TABLE 164 SANY GROUP: PRODUCTS/SERVICES/SOLUTIONS OFFERED
                        TABLE 165 SANY GROUP: PRODUCT LAUNCHES
                        TABLE 166 SANY GROUP: DEALS
                        TABLE 167 SANY GROUP: OTHERS
             11.1.13 SIEMENS
                        TABLE 168 SIEMENS: COMPANY OVERVIEW
                        FIGURE 68 SIEMENS: COMPANY SNAPSHOT
                        TABLE 169 SIEMENS: PRODUCTS/SERVICES/SOLUTIONS OFFERED
                        TABLE 170 SIEMENS: DEALS
             11.1.14 TRIMBLE INC.
                        TABLE 171 TRIMBLE INC.: COMPANY OVERVIEW
                        FIGURE 69 TRIMBLE INC.: COMPANY SNAPSHOT
                        TABLE 172 TRIMBLE INC.: PRODUCTS/SERVICES/SOLUTIONS OFFERED
                        TABLE 173 TRIMBLE INC.: PRODUCT LAUNCHES
     11.2 OTHER PLAYERS 
             11.2.1 ATDI
             11.2.2 CIGEN
                        TABLE 174 CIGEN: COMPANY OVERVIEW
             11.2.3 COENCORP
             11.2.4 DATAMINE
             11.2.5 GROUNDHOG
             11.2.6 HAULTRAX
             11.2.7 MICROMINE
             11.2.8 MST
             11.2.9 RESPEC
             11.2.10 REUTECH
             11.2.11 SYMBOTICWARE INC.
*Details on Business Overview, Products/Solutions/Services Offered, Recent Developments, and MnM View (Key strengths/Right to Win, Strategic Choices Made, and Weaknesses and Competitive Threats) might not be captured in case of unlisted companies.  
 
12 ADJACENT AND RELEVANT MARKETS (Page No. - 247)
     12.1 INTRODUCTION 
     12.2 HVAC SYSTEM MARKET, BY APPLICATION 
             TABLE 175 HVAC SYSTEM MARKET, BY APPLICATION, 2019–2022 (USD BILLION)
             TABLE 176 HVAC SYSTEM MARKET, BY APPLICATION, 2023–2028 (USD BILLION)
             12.2.1 COMMERCIAL
                        12.2.1.1 Growing Adoption of energy-efficient equipment to boost HVAC system demand in commercial spaces
                                     TABLE 177 HVAC SYSTEM MARKET, BY COMMERCIAL APPLICATION TYPE, 2019–2022 (USD BILLION)
                                     TABLE 178 HVAC SYSTEM MARKET, BY COMMERCIAL APPLICATION TYPE, 2023–2028 (USD BILLION)
                                     TABLE 179 COMMERCIAL: HVAC SYSTEM MARKET, BY COOLING EQUIPMENT, 2019–2022 (USD MILLION)
                                     TABLE 180 COMMERCIAL: HVAC SYSTEM MARKET, BY COOLING EQUIPMENT, 2023–2028 (USD MILLION)
                                     TABLE 181 COMMERCIAL: HVAC SYSTEM MARKET, BY HEATING EQUIPMENT, 2019–2022 (USD BILLION)
                                     TABLE 182 COMMERCIAL: HVAC SYSTEM MARKET, BY HEATING EQUIPMENT, 2023–2028 (USD BILLION)
                                     TABLE 183 COMMERCIAL: HVAC SYSTEM MARKET, BY VENTILATION EQUIPMENT, 2019–2022 (USD MILLION)
                                     TABLE 184 COMMERCIAL: HVAC SYSTEM MARKET, BY VENTILATION EQUIPMENT, 2023–2028 (USD MILLION)
                        12.2.1.2 Offices
                        12.2.1.3 Governments
                        12.2.1.4 Healthcare
                        12.2.1.5 Education
                        12.2.1.6 Retail
                        12.2.1.7 Airports
 
13 APPENDIX (Page No. - 255)
     13.1 INSIGHTS FROM INDUSTRY EXPERTS 
     13.2 DISCUSSION GUIDE 
     13.3 KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL 
     13.4 CUSTOMIZATION OPTIONS 
     13.5 RELATED REPORTS 
     13.6 AUTHOR DETAILS 

 

The study involved four major activities in estimating the current size of the mining automation market. Exhaustive secondary research has been done to collect information on the market, peer, and parent markets. The next step has been to validate these findings and assumptions and size them with industry experts across the value chain through primary research. Both top-down and bottom-up approaches have been employed to estimate the total market size. After that, market breakdown and data triangulation methods were used to estimate the market size of segments and subsegments. Two sources of information—secondary and primary—have been used to identify and collect information for an extensive technical and commercial study of the mining automation market.

Secondary Research

Secondary sources include company websites, magazines, industry news, associations, and databases (Factiva and Bloomberg). These secondary sources include annual reports, press releases, investor presentations of companies, white papers, certified publications, articles by recognized authors, regulatory bodies, trade directories, and databases.

Primary Research

Primary sources mainly consist of several experts from the core and related industries, along with preferred mining automation solution providers, distributors, alliances, standards, and certification organizations related to various segments of this industry’s value chain.

In the primary research process, various primary sources from both the supply and demand sides were interviewed to obtain qualitative and quantitative information on the market. The primary sources from the supply side included various industry experts such as Chief Experience Officers (CXOs), Vice Presidents (VPs), and Directors from business development, marketing, product development/innovation teams, and related key executives from mining automation system providers, such as Caterpillar (US), Komatsu Ltd. (Japan), Sandvik AB (Sweden), Epiroc AB (Sweden) and Hitachi Construction Machinery Co., Ltd. (Japan); research organizations, distributors, industry associations, and key opinion leaders. Following is the breakdown of primary respondents.

Mining Automation Market
 Size, and Share

To know about the assumptions considered for the study, download the pdf brochure

Market Size Estimation

Both top-down and bottom-up approaches have been used to estimate and validate the total size of the mining automation market. These methods have also been used extensively to estimate the size of various subsegments in the market. The following research methodology has been used to estimate the market size:

  • Major players in the industry and markets have been identified through extensive secondary research.
  • The industry’s value chain and market size (in terms of value) have been determined through primary and secondary research processes.
  • All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources.

Top-Down Approach

In the top-down approach, the overall market size has been used to estimate the size of the individual market segments (mentioned in market segmentation) through percentage splits from secondary and primary research. For specific market segments, the size of the most appropriate immediate parent market has been used to implement the top-down approach. The bottom-up approach has also been implemented for data obtained from secondary research to validate the market size of various segments.

Mining Automation Market: Top-Down Approach

Mining Automation Market
 Size, and Top-Down Approach

Bottom-Up Approach

The bottom-up approach has been used to arrive at the overall size of the mining automation market from the revenues of the key players and their market shares. Calculations based on revenues of key companies identified in the market led to the estimation of their overall market size.

Mining Automation Market
 Size, and Bottom-Up Approach

Mining Automation Market: Top-down Approach

Data Triangulation

After arriving at the overall market size from the estimation process explained above, the market has been split into several segments and subsegments. The market breakdown and data triangulation procedures have been employed, wherever applicable, to complete the overall market engineering process and arrive at the exact statistics for all segments and subsegments. The data has been triangulated by studying various factors and trends from both the demand and supply sides. The market has also been validated using both top-down and bottom-up approaches.

Market Definition

Mining automation involves reducing or eliminating human involvement in mining tasks. This includes exploration, drilling, excavation, loading, hauling, and dumping. The process employs automated mining equipment like autonomous haulage trucks and drilling rigs, communication systems, other hardware components, and dedicated software such as autonomous haulage systems and collision detection systems.

Key Stakeholders

  • Government bodies, venture capitalists, and private equity firms
  • Manufacturers of mining automation equipment
  • Distributors of mining automation equipment and software
  • Mining automation industry associations
  • Professional service/solution providers
  • Research institutions and organizations
  • Standards organizations and regulatory authorities related to the mining automation market
  • System integrators
  • Technology consultants

Report Objectives

  • To define and forecast the mining automation market regarding offering, technique, and workflow.
  • To describe and forecast the mining automation market and its value segments for four regions—North America, Europe, Asia Pacific, and the Rest of the World (RoW), along with their respective countries.
  • To provide detailed information regarding the drivers, restraints, opportunities, and challenges influencing the growth of the market
  • To strategically analyze micro-markets concerning individual growth trends, prospects, and contributions to the overall market
  • To study the complete value chain of the mining automation market
  • To analyze opportunities in the market for stakeholders by identifying high-growth segments of the market
  • To strategically profile key players and comprehensively analyze their market position regarding ranking and core competencies, along with a detailed market competitive landscape.
  • To analyze strategic approaches such as agreements, collaborations, and partnerships in the mining automation market
  • To provide an analysis of the recession impact on the growth of the market and its segments

Available Customizations:

Based on the given market data, MarketsandMarkets offers customizations in the reports according to the client’s specific requirements. The available customization options are as follows:

Company Information

  • Detailed analysis and profiling of additional market players (up to 5)
Custom Market Research Services

We will customize the research for you, in case the report listed above does not meet with your exact requirements. Our custom research will comprehensively cover the business information you require to help you arrive at strategic and profitable business decisions.

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Report Code
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Published ON
Jan, 2024
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