Mining Automation Market

Mining Automation Market by Offering (Equipment (Autonomous Hauling/Mining Truck, Autonomous Drilling Rig), Software (Remote Operating and Monitoring System), Communication Systems), Technique, Workflow, Region - Global Forecast, 2027

Report Code: SE 5658 Nov, 2022, by marketsandmarkets.com

Updated on : September 14 , 2023

The global mining automation market or automated mining market in terms of revenue was estimated to be worth USD 3.1 billion in 2022 and is poised to reach USD 4.2 billion by 2027, growing at a CAGR of 6.3% from 2022 to 2027. The new research study consists of an industry trend analysis of the market.

Growing necessity for improving worker operator safety in mines, increasing focus on reducing operational costs, and surging demand for fleet management and remote operating and monitoring systems are the major factors driving the growth of the mining automation Industry .

Mining Automation Market

Mining Automation Market Forecast to 2027

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Latest Technological Trends in Mining Automation Market

Rising demand for Digital Twin technology

Planning mining operations and schedules are becoming increasingly effective with the application of virtual simulations. With the help of Digital Twin, miners can simulate the entire work environment to create short-term and long-term schedules with accurate time estimates for multiple operations such as drilling, extracting, and crushing. Additionally, virtual simulation of the entire work process including automated mining equipment and machinery will provide on-site workers the flexibility to test new methodologies for crucial activities and that too without any additional cost, as every test will be executed in a digital simulation. Digital Twin simulations can be used to predict results and project future scenarios, thereby enabling operators to control the actual environment through the digital replica. By taking full control of machinery and equipment, people can be replaced with complete automation facilitated by a virtual simulation which enables efficient mapping of route, timing, and manner. Digital Twin also provides on-site worker with the ability to create accurate virtual training simulations for new employees to tackle various types of scenarios that can be created virtually.

Mining Automation Market Dynamics

DRIVERS : Rising focus on reducing operating costs

Constantly fluctuating commodity prices in recent years have put additional pressure on the profit margins of mining companies. Increasing expenses on exploration activities and the need to carry out non-stop production to meet the global energy demands have encouraged mining companies to embrace innovative technologies. To maximize productivity gains, companies are directing their investment towards advanced automation technologies, such as AHS for driverless trucks, automated drilling systems (ADS), and real-time monitoring of assets. By using advanced automation technologies for mining, companies are witnessing a significant fall in their operating costs. Thus, mining companies are focusing on deploying automation to reduce operating costs.

RESTRAINT: Negative impact of automated mining on host countries

Increasing implementation of automation solutions in the mining industry has affected the engagement of local communities. According to a study by the International Institute for Sustainable Development (IISD), the rising adoption of automation solutions in mining will potentially reduce the contribution of mines to government revenue, especially in low- and middle-income host countries. This reduction in contribution might also affect adversely the GDP of the host countries.

OPPORTUNITIES : Evolution of smart connected mines

Connected mining refers to the application of technology to achieve better productivity and safety as well as reduce operational costs for a mine site. Thus, connected mining, a combination of IT, automation, and instrumentation technologies, is a result of the advancements in the existing technologies present in the automated mining industry. This integrated operations technology makes the process of mine surveying, planning, exploration, extraction, and analysis faster and easier with software providing real-time information, thereby providing a realistic image of the mine environment and the availability of resources.

CHALLENGES: Rising protests by local communities for stricter environmental laws against mining

Destruction and drastic modification of the pre-mined landscape leads to massive loss of habitat and results in endangerment of several species of flora and fauna. According to the estimates of the International Energy Agency (IEA), for meeting the Paris Agreement goals, a quadrupling of mineral requirements for clean energy technologies will be necessary by 2040. Several regulations and codes, such as the Federal Mining Code (FMC) and the General Environmental Law No. 25,675, are in place for ascertaining the effects of mining on the surrounding environment. Local communities are demanding newer, more stricter laws against mining activities to protect the environment.

Automated Mining equipment held the largest share of the automated mining market in 2021

Workplace safety has always been a concern for the mining industry. With increasing research & development (R&D) investment and technological advancements, unmanned or autonomous equipment are being developed which reduce the frequency of hazardous incidents while increasing efficiency and productivity. Moreover, the integration of innovative equipment allows mining companies to reduce operating costs by a significant percentage by minimizing downtime and improving asset utilization rate. With the successful implementation of autonomous haul trucks in mine sites, mining equipment manufacturing companies are beginning to innovate their product offerings. The new unmanned vehicle technology would enable mining operators to improve their productivity further.  

Underground mining technique held the larger share of the mining automation market in 2021

The primary objective of operating an underground mine is to extract the maximum amount of ore with minimum tailing. Automated mining equipment used in the underground mining technique include underground load-haul-dump (LHD) loaders, articulated trucks, tunnel boring machines, roadheaders, tunneling jumbos, and underground drills. The rising application of metals, minerals, coal, ores, and others, in various end-user industries, such as energy & power, automotive, and construction are driving underground exploration and mining activities worldwide.

Mine development held the largest share of the mining automation market in 2021

Before any production process commences, mine development needs to be done efficiently through the establishment of strong roads and multipurpose buildings for mining vehicles to navigate seamlessly and for equipment storage. Increasing demand for underground mining for coal and other mineral deposits is emphasizing the necessity for efficient mine development, as tunnel boring done during mine development phase is essential for underground mining.

Asia Pacific held the largest share of the mining automation market in 2021

Asia Pacific is estimated to become the largest market for automated mining equipment and implementation of automated mining technologies globally. The reason for this trend is the increased use of automated mining equipment by leading exploration and mining companies such as Rio Tinto (UK), FMG (Australia) Group, and BHP Billiton (Australia). Moreover, the increasing digitization of mines and the globalization of economies have attracted significant investments from mining companies across the world.

Mining Automation Market by Region

Mining Automation Market by Region

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Top Mining Automation Companies -
Key Market Players

The mining automation Companies is dominated by a few globally established players such as Caterpillar (US), Komatsu (Japan), Hexagon AB (Sweden), Epiroc AB (Sweden), and Sandvik AB (Sweden).

Mining Automation Market Report Scope :

Report Metric

Details

Estimated Market Size USD 3.1 Billion
Projected Market Size USD 4.2 Billion
Growth Rate 6.3%

Historical Data Available for Years

2018–2027

Base Year Considered

2021

Forecast Period

2022–2027

Units

Value (USD Million/Billion)

 

Segments Covered

  • By Offering,
  • By Technique,
  • By Workflow

Region Covered

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

 

Market Leaders

  • Caterpillar (US),
  • Hexagon AB (Sweden),
  • Epiroc AB (Sweden),
  • Komatsu (Japan),
  • Sandvik AB (Sweden),
  • Liebherr Group (Switzerland),
  • SANY Group (China),
  • RPMGlobal (Australia),
  • Rockwell Automation, Inc. (US)
  • Siemens (Germany), among others – Total 25 players have been covered.
Key Market Driver  Rising focus on reducing operating costs
Key Market Opportunity  Evolution of smart connected mines
Largest Growing Region  Asia Pacific
   

Automated Mining Market Highlights

This research report segments the mining automation market based on offering, technique, and workflow, and region.

Report Metric

Details

By Offering:

  • Equipment
  • Software
  • Communication System

By Technique:

  • Surface Mining
  • Underground Mining

By Workflow:

  • Mine Development
  • Mining Process
  • Mine Maintenance

By Region:

  • North America
  • Europe
  • Asia Pacific (APAC)
  • Rest of the World (RoW

Recent Developments in Mining Automation Market :

  • In September 2022, Caterpillar introduced the 789 mining truck to provide enhanced efficiency, improved cab comfort, and better connectivity. The new model offers the ability to move more material with up to 9% less fuel consumption.
  • In August 2022, Epiroc AB acquired RNP Mexico, which develops, manufactures, and sells rock drills and related components to customers in the construction and mining industry in Latin America.
  • In June 2022, Liebherr Group announced the unveiling of a new model of mid-class mining excavator, namely, the T 274, at Bauma 2022. The T 274 displayed Liebherr Mining’s new Technology Product Portfolio, which was launched at MINExpo in 2021. The T 274 features Liebherr’s Trolley Assist System and is expected to provide benefits such as fast cycle times, low fuel consumption, and higher productivity.
  • In June 2022, Hexagon AB introduced the Life-of-Mine smart platform, which connects sensors, software, cloudware, and infield applications. The platform helps in connecting the mine to a boardroom through a single onboard ecosystem comprising an antenna and a smart computer. The solution is aimed to connect key mining workflows together to promote digital transformation for enhancing safety and productivity.  

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 INCLUSIONS AND EXCLUSIONS
           TABLE 1 MINING AUTOMATION MARKET: INCLUSIONS AND EXCLUSIONS
    1.4 STUDY SCOPE
           1.4.1 MARKETS COVERED
                    FIGURE 1 MINING AUTOMATION MARKET: SEGMENTATION
                    FIGURE 2 MARKET: REGIONAL SCOPE
           1.4.2 YEARS CONSIDERED
    1.5 CURRENCY CONSIDERED
    1.6 LIMITATIONS
    1.7 MARKET STAKEHOLDERS
    1.8 SUMMARY OF CHANGES

2 RESEARCH METHODOLOGY (Page No. - 37)
    2.1 RESEARCH DATA
           FIGURE 3 MINING AUTOMATION MARKET: RESEARCH DESIGN
           2.1.1 SECONDARY AND PRIMARY RESEARCH
           2.1.2 SECONDARY DATA
                    2.1.2.1 Major secondary sources
                    2.1.2.2 Key data from secondary sources
           2.1.3 PRIMARY DATA
                    2.1.3.1 Primary interviews with experts
                    2.1.3.2 Key data from primary sources
                    2.1.3.3 Key insights
                    2.1.3.4 Breakdown of primaries
    2.2 MARKET SIZE ESTIMATION
           FIGURE 4 MARKET SIZE ESTIMATION METHODOLOGY (SUPPLY SIDE): REVENUE GENERATED BY COMPANIES FROM SALES OF AUTOMATED MINING PRODUCTS
           2.2.1 BOTTOM-UP APPROACH
                    2.2.1.1 Arriving at market size through bottom-up approach (demand side)
                               FIGURE 5 BOTTOM-UP APPROACH
           2.2.2 TOP-DOWN APPROACH
                    2.2.2.1 Arriving at market size through top-down approach (supply side)
                               FIGURE 6 TOP-DOWN APPROACH
    2.3 MARKET BREAKDOWN AND DATA TRIANGULATION
           FIGURE 7 MARKET BREAKDOWN AND DATA TRIANGULATION
    2.4 ASSUMPTIONS
           FIGURE 8 ASSUMPTIONS FOR RESEARCH STUDY
    2.5 LIMITATIONS AND RISK ASSESSMENT
           TABLE 2 LIMITATIONS AND ASSOCIATED RISKS

3 EXECUTIVE SUMMARY (Page No. - 48)
    FIGURE 9 AUTOMATED MINING EQUIPMENT SEGMENT TO ACCOUNT FOR LARGEST MARKET SHARE DURING FORECAST PERIOD
    FIGURE 10 UNDERGROUND MINING TECHNIQUE SEGMENT TO ACCOUNT FOR LARGER MARKET SHARE DURING FORECAST PERIOD
    FIGURE 11 MINE DEVELOPMENT SEGMENT TO REGISTER HIGHEST CAGR DURING FORECAST PERIOD
    FIGURE 12 ASIA PACIFIC HELD LARGEST SHARE OF MINING AUTOMATION MARKET IN 2021

4 PREMIUM INSIGHTS (Page No. - 52)
    4.1 ATTRACTIVE OPPORTUNITIES FOR MINING AUTOMATION MARKET PLAYERS
           FIGURE 13 INCREASING NEED FOR WORKER SAFETY AND NEED TO ACHIEVE REDUCTION IN OPERATING COSTS TO DRIVE MARKET
    4.2 MARKET, BY OFFERING
           FIGURE 14 COMMUNICATION SYSTEMS SEGMENT TO REGISTER HIGHEST CAGR DURING FORECAST PERIOD
    4.3 MARKET, BY TECHNIQUE
           FIGURE 15 UNDERGROUND MINING SEGMENT TO GROW AT HIGHER CAGR DURING FORECAST PERIOD
    4.4 MARKET, BY WORKFLOW
           FIGURE 16 MINE DEVELOPMENT SEGMENT TO REGISTER HIGHEST CAGR DURING FORECAST PERIOD
    4.5 MARKET, BY GEOGRAPHY
           FIGURE 17 AUSTRALIA HELD LARGEST SHARE OF AUTOMATED MINING MARKET IN 2021

5 MARKET OVERVIEW (Page No. - 55)
    5.1 INTRODUCTION
    5.2 MARKET DYNAMICS
           FIGURE 18 MINING AUTOMATION MARKET : DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES
           5.2.1 DRIVERS
                    5.2.1.1 Intensifying need to improve worker safety in mines
                    5.2.1.2 Growing requirement to increase productivity in mining operations
                    5.2.1.3 Rising focus on reducing operating costs
                    5.2.1.4 Surging demand for fleet management systems
                               FIGURE 19 ANALYSIS OF IMPACT OF DRIVERS ON MARKET
           5.2.2 RESTRAINTS
                    5.2.2.1 Depletion of natural resources
                    5.2.2.2 Negative impact of automated mining on host countries
                               FIGURE 20 ANALYSIS OF IMPACT OF RESTRAINTS ON MARKET
           5.2.3 OPPORTUNITIES
                    5.2.3.1 Digital transformation of global mining industry
                    5.2.3.2 Evolution of smart connected mines
                               FIGURE 21 ANALYSIS OF IMPACT OF OPPORTUNITIES ON MARKET
           5.2.4 CHALLENGES
                    5.2.4.1 Integrating information technology with operational technology
                    5.2.4.2 Rising protests by local communities for stricter environmental laws against mining
                    5.2.4.3 Lack of skilled personnel to operate automated mining equipment
           FIGURE 22 ANALYSIS OF IMPACT OF CHALLENGES ON MINING AUTOMATION MARKET
    5.3 VALUE CHAIN ANALYSIS
           FIGURE 23 VALUE CHAIN ANALYSIS
    5.4 ECOSYSTEM ANALYSIS
           FIGURE 24 MINING MARKET: ECOSYSTEM
           TABLE 3 COMPANIES AND THEIR ROLE IN MINING AUTOMATION ECOSYSTEM
    5.5 PRICING ANALYSIS
           5.5.1 AVERAGE SELLING PRICE OF AUTOMATED MINING EQUIPMENT OFFERED BY KEY PLAYERS
                    FIGURE 25 AVERAGE SELLING PRICE OF AUTOMATED MINING EQUIPMENT OFFERED BY KEY PLAYERS
                    TABLE 4 AVERAGE SELLING PRICE OF AUTOMATED MINING EQUIPMENT OFFERED BY KEY PLAYERS
    5.6 TRENDS/DISRUPTIONS IMPACTING CUSTOMER BUSINESS
           FIGURE 26 TRENDS/DISRUPTIONS IMPACTING CUSTOMER BUSINESS
    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 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 27 INFLUENCE OF STAKEHOLDERS IN BUYING PROCESS, BY OFFERING
                    TABLE 6 INFLUENCE OF STAKEHOLDERS IN BUYING PROCESS, BY OFFERING (%)
           5.9.2 BUYING CRITERIA
                    FIGURE 28 KEY BUYING CRITERIA FOR MINING INDUSTRY
                    TABLE 7 KEY BUYING CRITERIA FOR MINING INDUSTRY
    5.1 CASE STUDY ANALYSIS
           5.10.1 ARRIUM MINING USES ROCKWELL AUTOMATION’S CONTROL SYSTEM AND VISUALIZATION SOLUTIONS IN ITS IRON KNOB MINE
           5.10.2 BOLIDEN CHOSE KOMATSU TO INTRODUCE AUTOMATED HAULAGE AT SWEDISH MINE
           5.10.3 RIO TINTO USES ROCKWELL AUTOMATION’S FACTORYTALK SUITE TO IMPROVE TRANSPARENCY OF MINING OPERATIONS
           5.10.4 BARRICK GOLD USES SANDVIK AB’S AUTOMATED MINING EQUIPMENT IN ITS VELADERO GOLD MINE IN ARGENTINA
           5.10.5 RIO TINTO CHOSE CATERPILLAR TO CREATE CONNECTED VALUE CHAIN IN ITS GUDAI-DARRI MINE
    5.11 TRADE ANALYSIS
           FIGURE 29 IMPORT DATA FOR SELF-PROPELLED BULLDOZERS, ANGLEDOZERS, GRADERS, LEVELLERS, SCRAPERS, MECHANICAL SHOVELS, EXCAVATORS, SHOVEL LOADERS, TAMPING MACHINES, AND ROADROLLERS, 2017–2021 (USD MILLION)
           FIGURE 30 EXPORT DATA FOR SELF-PROPELLED BULLDOZERS, ANGLEDOZERS, GRADERS, LEVELLERS, SCRAPERS, MECHANICAL SHOVELS, EXCAVATORS, SHOVEL LOADERS, TAMPING MACHINES, AND ROADROLLERS, 2017–2021 (USD MILLION)
    5.12 PATENT ANALYSIS
           FIGURE 31 NO. OF PATENTS GRANTED PER YEAR FROM 2012 TO 2021
           FIGURE 32 TOP 10 COMPANIES WITH HIGHEST NUMBER OF PATENT APPLICATIONS IN LAST 10 YEARS
           TABLE 8 TOP 20 PATENT OWNERS IN LAST 10 YEARS
           5.12.1 LIST OF MAJOR PATENTS
    5.13 KEY CONFERENCES & EVENTS, 2022–2023
           TABLE 9 MINING AUTOMATION MARKET: DETAILED LIST OF CONFERENCES AND EVENTS
    5.14 REGULATION & STANDARDS
           5.14.1 REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
                    TABLE 10 NORTH AMERICA: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
                    TABLE 11 EUROPE: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
                    TABLE 12 ASIA PACIFIC: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
                    TABLE 13 REST OF THE WORLD: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
           5.14.2 STANDARDS
                    TABLE 14 MAJOR STANDARDS FOR MINING MACHINERY

6 MINING AUTOMATION MARKET, BY OFFERING (Page No. - 86)
    6.1 INTRODUCTION
           FIGURE 33 MARKET, BY OFFERING
           TABLE 15 MARKET, BY OFFERING, 2018–2021 (USD MILLION)
           TABLE 16 MARKET, BY OFFERING, 2022–2027 (USD MILLION)
           FIGURE 34 COMMUNICATION SYSTEMS SEGMENT TO GROW AT HIGHEST CAGR DURING FORECAST PERIOD
    6.2 AUTOMATED MINING EQUIPMENT
           FIGURE 35 MINING AUTOMATION MARKET, BY EQUIPMENT
           TABLE 17 MARKET, BY EQUIPMENT, 2018–2021 (USD MILLION)
           TABLE 18 MARKET, BY EQUIPMENT, 2022–2027 (USD MILLION)
           FIGURE 36 AUTONOMOUS DRILLING RIGS TO ACCOUNT FOR LARGEST SIZE OF MARKET DURING FORECAST PERIOD
           6.2.1 AUTONOMOUS HAULING/MINING TRUCKS
                    6.2.1.1 Automate hauling operations
           6.2.2 AUTONOMOUS DRILLING RIGS
                    6.2.2.1 Autonomously drill holes and simultaneously collect production data
           6.2.3 UNDERGROUND LHD LOADERS
                    6.2.3.1 Help to load and unload materials from transport vehicles
           6.2.4 TUNNELING EQUIPMENT
                    6.2.4.1 Limit disturbance to surrounding ground and produce smooth tunnel wall
           6.2.5 SMART VENTILATION SYSTEMS
                    6.2.5.1 Analyze information collected from various sensors to initiate mine-wide regulation of fresh air
           6.2.6 PUMPING STATIONS
                    6.2.6.1 Help in disposal of accumulated water in mining sites
           6.2.7 OTHERS
                    6.2.7.1 Hybrid shovels
                    6.2.7.2 Total stations
                               TABLE 19 AUTOMATED MINING EQUIPMENT: MINING AUTOMATION MARKET, BY REGION, 2018–2021 (USD MILLION)
                               TABLE 20 AUTOMATED MINING EQUIPMENT: MARKET, BY REGION, 2022–2027 (USD MILLION)
    6.3 SOFTWARE
           6.3.1 INTERFACE BETWEEN MINING EQUIPMENT AND OPERATORS
                    FIGURE 37 MINING AUTOMATION MARKET, BY SOFTWARE
                    TABLE 21 MARKET, BY SOFTWARE, 2018–2021 (USD MILLION)
                    TABLE 22 MARKET, BY SOFTWARE, 2022–2027 (USD MILLION)
                    TABLE 23 SOFTWARE: MARKET, BY REGION, 2018–2021 (USD MILLION)
                    TABLE 24 SOFTWARE: MARKET, BY REGION, 2022–2027 (USD MILLION)
                    FIGURE 38 ASIA PACIFIC TO ACCOUNT FOR LARGEST SHARE OF MARKET FOR SOFTWARE DURING FORECAST PERIOD
           6.3.2 WORKFORCE MANAGEMENT SYSTEMS
                    6.3.2.1 Help in better shift management
           6.3.3 PROXIMITY DETECTION AND COLLISION AVOIDANCE SYSTEMS
                    6.3.3.1 Help avoid mine fleet traffic incidents by detecting obstacles or machines in path of vehicles
           6.3.4 AIR QUALITY AND TEMPERATURE MONITORING SYSTEMS
                    6.3.4.1 Monitor air quality and alert operators in case of deviation from normal air flow parameters
           6.3.5 FLEET MANAGEMENT SYSTEMS
                    6.3.5.1 Provide real-time visibility to mining operators and facilitate remote monitoring of machine and vehicle fleets
           6.3.6 REMOTE OPERATING AND MONITORING SYSTEMS
                    6.3.6.1 Help to increase efficiency in mining sites through continuous and round-the-clock analysis of real-time data
           6.3.7 DATA MANAGEMENT SOLUTIONS
                    6.3.7.1 Used for validation, sorting, analysis, reporting, and classification of mining data
           6.3.8 OTHERS
                    6.3.8.1 Asset tracking systems
                    6.3.8.2 Payload monitoring systems
    6.4 COMMUNICATION SYSTEMS
           FIGURE 39 MINING AUTOMATION MARKET, BY COMMUNICATION SYSTEM
           6.4.1 WIRELESS MESH NETWORKS
                    6.4.1.1 Connect devices at mining sites
           6.4.2 NAVIGATION SYSTEMS
                    6.4.2.1 Improve safety of autonomous vehicles on mining sites
           6.4.3 RADIO-FREQUENCY IDENTIFICATION (RFID) TAGS
                    6.4.3.1 Enable tracking of equipment and personnel at mines
                               TABLE 25 MARKET, BY COMMUNICATION SYSTEMS, 2018–2021 (USD MILLION)
                               TABLE 26 MARKET, BY COMMUNICATION SYSTEMS, 2022–2027 (USD MILLION)
                               TABLE 27 COMMUNICATION SYSTEMS: MARKET, BY REGION, 2018–2021 (USD MILLION)
                               TABLE 28 COMMUNICATION SYSTEMS: MARKET, BY REGION, 2022–2027 (USD MILLION)

7 MINING AUTOMATION MARKET, BY TECHNIQUE (Page No. - 105)
    7.1 INTRODUCTION
           FIGURE 40 MINING AUTOMATION MARKET, BY TECHNIQUE
    7.2 SURFACE MINING TECHNIQUE
           7.2.1 USED TO EXTRACT MINERALS AND ORES CLOSE TO EARTH’S SURFACE
    7.3 UNDERGROUND MINING TECHNIQUE
           7.3.1 USED TO EXTRACT MINERALS AND ORES BURIED DEEP UNDER EARTH’S CRUST
                    FIGURE 41 UNDERGROUND MINING SEGMENT TO REGISTER HIGHER CAGR DURING FORECAST PERIOD
                    TABLE 29 MARKET, BY TECHNIQUE, 2018–2021 (USD MILLION)
                    TABLE 30 MARKET, BY TECHNIQUE, 2022–2027 (USD MILLION)
                    TABLE 31 UNDERGROUND MINING: MARKET, BY REGION, 2018–2021 (USD MILLION)
                    TABLE 32 UNDERGROUND MINING: MARKET: BY REGION, 2022–2027 (USD MILLION)
                    TABLE 33 SURFACE MINING: MARKET, BY REGION, 2018–2021 (USD MILLION)
                    TABLE 34 SURFACE MINING: MARKET, BY REGION, 2022–2027 (USD MILLION)

8 MINING AUTOMATION MARKET, BY WORKFLOW (Page No. - 110)
    8.1 INTRODUCTION
           FIGURE 42 MINING AUTOMATION MARKET, BY WORKFLOW
           FIGURE 43 MINE DEVELOPMENT TO REGISTER HIGHEST CAGR DURING FORECAST PERIOD
           TABLE 35 MARKET, BY WORKFLOW, 2018–2021 (USD MILLION)
           TABLE 36 MARKET, BY WORKFLOW, 2022–2027 (USD MILLION)
    8.2 MINE DEVELOPMENT
           TABLE 37 MINE DEVELOPMENT: MARKET, BY MINE DEVELOPMENT PROCESS, 2018–2021 (USD MILLION)
           TABLE 38 MINE DEVELOPMENT: MARKET, BY MINE DEVELOPMENT PROCESS, 2022–2027 (USD MILLION)
           8.2.1 TUNNEL BORING
                    8.2.1.1 Used to construct tunnels for underground mines
           8.2.2 CONSTRUCTION OF ACCESS ROADS
                    8.2.2.1 Help to develop strong roads for heavy mining vehicles
           8.2.3 SITE PREPARATION AND CLEARING
                    8.2.3.1 Involves construction of mining facilities
    8.3 MINING PROCESS
           FIGURE 44 AUTONOMOUS HAULAGE SEGMENT TO REGISTER HIGHER CAGR DURING FORECAST PERIOD
           TABLE 39 MINING PROCESS: MARKET, BY MINING PROCESS, 2018–2021 (USD MILLION)
           TABLE 40 MINING PROCESS: MARKET, BY MINING PROCESS, 2022–2027 (USD MILLION)
           8.3.1 AUTONOMOUS HAULAGE
                    8.3.1.1 Improves safety and productivity and reduces maintenance cost and downtime
           8.3.2 AUTOMATED DRILLING
                    8.3.2.1 Rising focus on minimizing mine accidents to create demand for automated drilling
    8.4 MINE MAINTENANCE
           TABLE 41 MINE MAINTENANCE: MARKET, BY MINE MAINTENANCE PROCESS 2018–2021 (USD MILLION)
           TABLE 42 MINE MAINTENANCE: MINING AUTOMATION MARKET, BY MINE MAINTENANCE PROCESS 2022–2027 (USD MILLION)
           8.4.1 HEATING, VENTILATION, AND REFRIGERATION (HVAC)
                    8.4.1.1 Improve ventilation at mine sites
           8.4.2 MINE DEWATERING
                    8.4.2.1 Help in disposal of excess water at mine sites

9 MINING AUTOMATION MARKET, BY REGION (Page No. - 118)
    9.1 INTRODUCTION
           FIGURE 45 MINING AUTOMATION MARKET IN INDIA EXPECTED TO GROW AT HIGHEST CAGR DURING FORECAST PERIOD
           TABLE 43 MARKET, BY REGION, 2018–2021 (USD MILLION)
           TABLE 44 MARKET, BY REGION, 2022–2027 (USD MILLION)
    9.2 ASIA PACIFIC
           FIGURE 46 ASIA PACIFIC: MARKET SNAPSHOT
           FIGURE 47 AUSTRALIA TO ACCOUNT FOR LARGEST SHARE OF MARKET IN ASIA PACIFIC DURING FORECAST PERIOD
           TABLE 45 ASIA PACIFIC: MARKET, BY COUNTRY, 2018–2021 (USD MILLION)
           TABLE 46 ASIA PACIFIC: MARKET, BY COUNTRY, 2022–2027 (USD MILLION)
           TABLE 47 CHINA: MARKET, BY OFFERING, 2018–2021 (USD MILLION)
           TABLE 48 CHINA: MARKET, BY OFFERING, 2022–2027 (USD MILLION)
           TABLE 49 INDIA: MARKET, BY OFFERING, 2018–2021 (USD MILLION)
           TABLE 50 INDIA: MARKET, BY OFFERING, 2022–2027 (USD MILLION)
           TABLE 51 AUSTRALIA: MARKET, BY OFFERING, 2018–2021 (USD MILLION)
           TABLE 52 AUSTRALIA: MARKET, BY OFFERING, 2022–2027 (USD MILLION)
           TABLE 53 REST OF ASIA PACIFIC: MARKET, BY OFFERING, 2018–2021 (USD MILLION)
           TABLE 54 REST OF ASIA PACIFIC: MARKET, BY OFFERING, 2022–2027 (USD MILLION)
           TABLE 55 ASIA PACIFIC: MARKET, BY OFFERING, 2018–2021 (USD MILLION)
           TABLE 56 ASIA PACIFIC: MARKET, BY OFFERING, 2022–2027 (USD MILLION)
           TABLE 57 ASIA PACIFIC:  MARKET, BY TECHNIQUE, 2018–2021 (USD MILLION)
           TABLE 58 ASIA PACIFIC: MINING AUTOMATION MARKET, BY TECHNIQUE, 2022–2027 (USD MILLION)
           9.2.1 AUSTRALIA
                    9.2.1.1 Increasing number of automation-driven mines to favor market
           9.2.2 CHINA
                    9.2.2.1 Favorable policy framework to drive market
           9.2.3 INDIA
                    9.2.3.1 Increasing focus of government on enhancing potential of mining sector to support market
           9.2.4 REST OF ASIA PACIFIC
    9.3 EUROPE
           FIGURE 48 EUROPE: MINING AUTOMATION MARKET SNAPSHOT
           FIGURE 49 TURKEY TO REGISTER HIGHEST CAGR IN MARKET IN EUROPE DURING FORECAST PERIOD
           TABLE 59 EUROPE: MARKET, BY COUNTRY, 2018–2021 (USD MILLION)
           TABLE 60 EUROPE: MARKET, BY COUNTRY, 2022–2027 (USD MILLION)
           TABLE 61 TURKEY: MARKET, BY OFFERING, 2018–2021 (USD MILLION)
           TABLE 62 TURKEY: MARKET, BY OFFERING, 2022–2027 (USD MILLION)
           TABLE 63 SWEDEN: MARKET, BY OFFERING, 2018–2021 (USD MILLION)
           TABLE 64 SWEDEN: MARKET, BY OFFERING, 2022–2027 (USD MILLION)
           TABLE 65 REST OF EUROPE: MARKET, BY OFFERING, 2018–2021 (USD MILLION)
           TABLE 66 REST OF EUROPE: MARKET, BY OFFERING, 2022–2027 (USD MILLION)
           TABLE 67 EUROPE: MARKET, BY OFFERING, 2018–2021 (USD MILLION)
           TABLE 68 EUROPE: MARKET, BY OFFERING, 2022–2027 (USD MILLION)
           TABLE 69 EUROPE: MARKET, BY TECHNIQUE, 2018–2021 (USD MILLION)
           TABLE 70 EUROPE: MARKET, BY TECHNIQUE, 2022–2027 (USD MILLION)
           9.3.1 TURKEY
                    9.3.1.1 Increasing exploration activities to spur market
           9.3.2 SWEDEN
                    9.3.2.1 Adoption of automated solutions by mining companies to boost market
           9.3.3 REST OF EUROPE
    9.4 NORTH AMERICA
           FIGURE 50 NORTH AMERICA: MARKET SNAPSHOT
           TABLE 71 NORTH AMERICA: MINING AUTOMATION MARKET, BY COUNTRY, 2018–2021 (USD MILLION)
           TABLE 72 NORTH AMERICA: AUTOMATED MINING MARKET, BY COUNTRY, 2022–2027 (USD MILLION)
           TABLE 73 US: AUTOMATED MINING MARKET, BY OFFERING, 2018–2021 (USD MILLION)
           TABLE 74 US: AUOTOMATED MINING MARKET, BY OFFERING, 2022–2027 (USD MILLION)
           TABLE 75 CANADA: AUTOMATED MINING MARKET, BY OFFERING, 2018–2021 (USD MILLION)
           TABLE 76 CANADA: AUTOMATED MINING MARKET, BY OFFERING, 2022–2027 (USD MILLION)
           TABLE 77 MEXICO: AUTOMATED MINING MARKET, BY OFFERING, 2018–2021 (USD MILLION)
           TABLE 78 MEXICO: AUTOMATED MINING MARKET, BY OFFERING, 2022–2027 (USD MILLION)
           TABLE 79 NORTH AMERICA: AUTOMATED MINING MARKET, BY OFFERING, 2018–2021 (USD MILLION)
           TABLE 80 NORTH AMERICA: MARKET, BY OFFERING, 2022–2027 (USD MILLION)
           TABLE 81 NORTH AMERICA: MARKET, BY TECHNIQUE, 2018–2021 (USD MILLION)
           TABLE 82 NORTH AMERICA: MARKET, BY TECHNIQUE, 2022–2027 (USD MILLION)
           FIGURE 51 MEXICO EXPECTED TO LEAD MARKET IN NORTH AMERICA DURING FORECAST PERIOD
           9.4.1 US
                    9.4.1.1 Increasing focus on improving mining productivity to drive mining automation market
           9.4.2 CANADA
                    9.4.2.1 Presence of major mining companies to augment market
           9.4.3 MEXICO
                    9.4.3.1 Increasing mineral exports and conducive mining environment to accelerate market
    9.5 REST OF THE WORLD
           FIGURE 52 MIDDLE EAST & AFRICA TO REGISTER HIGHER CAGR IN MINING AUTOMATION MARKET IN REST OF THE WORLD
           FIGURE 53 SOUTH AFRICA TO REGISTER HIGHEST CAGR IN MARKET IN MIDDLE EAST & AFRICA DURING FORECAST PERIOD
           FIGURE 54 CONGO TO REGISTER HIGHEST CAGR DURING FORECAST PERIOD
           TABLE 83 REST OF THE WORLD: MARKET, BY REGION, 2018–2021 (USD MILLION)
           TABLE 84 REST OF THE WORLD: MARKET, BY REGION, 2022–2027 (USD MILLION)
           TABLE 85 SOUTH AMERICA: MARKET, BY COUNTRY, 2018–2021 (USD MILLION)
           TABLE 86 SOUTH AMERICA: MARKET, BY COUNTRY, 2022–2027 (USD MILLION)
           TABLE 87 MIDDLE EAST & AFRICA: MARKET, BY REGION, 2018–2021 (USD MILLION)
           TABLE 88 MIDDLE EAST & AFRICA: MARKET, BY REGION, 2022–2027 (USD MILLION)
           TABLE 89 OTHER AFRICAN COUNTRIES: MARKET, BY COUNTRY, 2018–2021 (USD MILLION)
           TABLE 90 OTHER AFRICAN COUNTRIES: MARKET, BY COUNTRY, 2022–2027 (USD MILLION)
           TABLE 91 SOUTH AMERICA: MARKET, BY OFFERING, 2018–2021 (USD MILLION)
           TABLE 92 SOUTH AMERICA: MINING AUTOMATION MARKET, BY OFFERING, 2022–2027 (USD MILLION)
           TABLE 93 MIDDLE EAST: MARKET, BY OFFERING, 2018–2021 (USD THOUSAND)
           TABLE 94 MIDDLE EAST: MARKET, BY OFFERING, 2022–2027 (USD THOUSAND)
           TABLE 95 AFRICA: MARKET, BY OFFERING, 2018–2021 (USD MILLION)
           TABLE 96 AFRICA: MARKET, BY OFFERING, 2022–2027 (USD MILLION)
           TABLE 97 REST OF THE WORLD: MARKET, BY OFFERING, 2018–2021 (USD MILLION)
           TABLE 98 REST OF THE WORLD: MARKET, BY OFFERING, 2022–2027 (USD MILLION)
           TABLE 99 REST OF THE WORLD: MARKET, BY TECHNIQUE, 2018–2021 (USD MILLION)
           TABLE 100 REST OF THE WORLD: MARKET, BY TECHNIQUE, 2022–2027 (USD MILLION)
           9.5.1 SOUTH AMERICA
                    9.5.1.1 Bolivia
                               9.5.1.1.1 Favorable mining policies to boost market
                    9.5.1.2 Peru
                               9.5.1.2.1 Increasing investments from mining companies to induce demand for automation technologies
                    9.5.1.3 Chile
                               9.5.1.3.1 Increasing lithium extraction activities to offer opportunities for market players
                    9.5.1.4 Others
           9.5.2 MIDDLE EAST
                    9.5.2.1 Government focus on developing mining sector to support market
           9.5.3 AFRICA
                    9.5.3.1 South Africa
                               9.5.3.1.1 Surging demand for remote-controlled and unmanned vehicles to drive market
                    9.5.3.2 Other African countries
                               9.5.3.2.1 Congo
                               9.5.3.2.2 Ghana
                               9.5.3.2.3 Nigeria

10 COMPETITIVE LANDSCAPE (Page No. - 151)
     10.1 INTRODUCTION
             TABLE 101 KEY STRATEGIES ADOPTED IN MINING AUTOMATION MARKET (2021–2022)
     10.2 REVENUE ANALYSIS OF TOP FIVE PLAYERS
             FIGURE 55 TOP FIVE PLAYERS IN MARKET, 2017–2021
     10.3 MARKET SHARE ANALYSIS
             TABLE 102 MARKET: MARKET SHARE OF KEY COMPANIES
     10.4 COMPANY EVALUATION QUADRANT, 2021
             10.4.1 STARS
             10.4.2 EMERGING LEADERS
             10.4.3 PERVASIVE PLAYERS
             10.4.4 PARTICIPANTS
                        FIGURE 56 MARKET (GLOBAL): COMPANY EVALUATION QUADRANT, 2021
     10.5 SMALL AND MEDIUM-SIZED ENTERPRISES (SMES) EVALUATION QUADRANT, 2021
             10.5.1 PROGRESSIVE COMPANIES
             10.5.2 RESPONSIVE COMPANIES
             10.5.3 DYNAMIC COMPANIES
             10.5.4 STARTING BLOCKS
                        FIGURE 57  MARKET (GLOBAL): SME EVALUATION QUADRANT, 2021
     10.6 MINING AUTOMATION MARKET: COMPANY FOOTPRINT
             TABLE 103 EQUIPMENT: COMPANY FOOTPRINT
             TABLE 104 SOFTWARE: COMPANY FOOTPRINT
             TABLE 105 REGION: COMPANY FOOTPRINT
     10.7 COMPETITIVE BENCHMARKING
             TABLE 106 MARKET: DETAILED LIST OF KEY STARTUPS/SMES
             TABLE 107 MARKET: COMPETITIVE BENCHMARKING OF KEY STARTUPS/SMES
     10.8 COMPETITIVE SCENARIOS AND TRENDS
             10.8.1 PRODUCT LAUNCHES
                        TABLE 108 MARKET: PRODUCT LAUNCHES, FEBRUARY 2021–SEPTEMBER 2022
             10.8.2 DEALS
                        TABLE 109 MARKET: DEALS, MAY 2021–JULY 2022
             10.8.3 OTHERS
                        TABLE 110 MINING AUTOMATION MARKET: OTHERS, SEPTEMBER 2021–AUGUST 2022

11 COMPANY PROFILES (Page No. - 174)
(Business Overview, Products/Solutions/Services Offered, Recent Developments, MnM view (Key strengths/Right to win, Strategic choices made, Weakness/competitive threats)* 
     11.1 KEY PLAYERS
             11.1.1 CATERPILLAR
                        TABLE 111 CATERPILLAR: BUSINESS OVERVIEW
                        FIGURE 58 CATERPILLAR: COMPANY SNAPSHOT
                        TABLE 112 CATERPILLAR: PRODUCTS/SOLUTIONS/SERVICES OFFERED
                        TABLE 113 CATERPILLAR: PRODUCT LAUNCHES AND DEVELOPMENTS
                        TABLE 114 CATERPILLAR: DEALS
             11.1.2 KOMATSU
                        TABLE 115 KOMATSU: BUSINESS OVERVIEW
                        FIGURE 59 KOMATSU: COMPANY SNAPSHOT
                        TABLE 116 KOMATSU: PRODUCTS/SOLUTIONS/SERVICES OFFERED
                        TABLE 117 KOMATSU: PRODUCT LAUNCHES AND DEVELOPMENTS
                        TABLE 118 KOMATSU: DEALS
                        TABLE 119 KOMATSU: OTHERS
             11.1.3 SANDVIK AB
                        TABLE 120 SANDVIK AB: BUSINESS OVERVIEW
                        FIGURE 60 SANDVIK AB: COMPANY SNAPSHOT
                        TABLE 121 SANDVIK AB: PRODUCTS/SOLUTIONS/SERVICES OFFERED
                        TABLE 122 SANDVIK AB: DEALS
             11.1.4 EPIROC AB
                        TABLE 123 EPIROC AB: BUSINESS OVERVIEW
                        FIGURE 61 EPIROC AB: COMPANY SNAPSHOT
                        TABLE 124 EPIROC AB: PRODUCTS/SOLUTIONS/SERVICES OFFERED
                        TABLE 125 EPIROC AB: DEALS
             11.1.5 HEXAGON AB
                        TABLE 126 HEXAGON AB: BUSINESS OVERVIEW
                        FIGURE 62 HEXAGON AB: COMPANY SNAPSHOT
                        TABLE 127 HEXAGON AB: PRODUCTS/SOLUTIONS/SERVICES OFFERED
                        TABLE 128 HEXAGON AB: PRODUCT LAUNCHES AND DEVELOPMENTS
                        TABLE 129 HEXAGON AB: DEALS
             11.1.6 HITACHI
                        TABLE 130 HITACHI: BUSINESS OVERVIEW
                        FIGURE 63 HITACHI: COMPANY SNAPSHOT
                        TABLE 131 HITACHI: PRODUCTS/SOLUTIONS/SERVICES OFFERED
                        TABLE 132 HITACHI: PRODUCT LAUNCHES AND DEVELOPMENTS
                        TABLE 133 HITACHI: DEALS
             11.1.7 RPMGLOBAL
                        TABLE 134 RPMGLOBAL: BUSINESS OVERVIEW
                        FIGURE 64 RPMGLOBAL: COMPANY SNAPSHOT
                        TABLE 135 RPMGLOBAL: PRODUCTS/SOLUTIONS/SERVICES OFFERED
                        TABLE 136 RPMGLOBAL: PRODUCT LAUNCHES AND DEVELOPMENTS
                        TABLE 137 RPMGLOBAL: DEALS
                        TABLE 138 RPMGLOBAL: OTHERS
             11.1.8 TRIMBLE INC.
                        TABLE 139 TRIMBLE INC.: BUSINESS OVERVIEW
                        FIGURE 65 TRIMBLE INC.: COMPANY SNAPSHOT
                        TABLE 140 TRIMBLE INC.: PRODUCTS/SOLUTIONS/SERVICES OFFERED
                        TABLE 141 TRIMBLE INC.: PRODUCT LAUNCHES AND DEVELOPMENTS
                        TABLE 142 TRIMBLE INC.: DEALS
             11.1.9 ROCKWELL AUTOMATION, INC.
                        TABLE 143 ROCKWELL AUTOMATION, INC.: BUSINESS OVERVIEW
                        FIGURE 66 ROCKWELL AUTOMATION, INC.: COMPANY SNAPSHOT
                        TABLE 144 ROCKWELL AUTOMATION, INC.: PRODUCTS/SOLUTIONS/SERVICES OFFERED
             11.1.10 SIEMENS
                        TABLE 145 SIEMENS: BUSINESS OVERVIEW
                        FIGURE 67 SIEMENS: COMPANY SNAPSHOT
                        TABLE 146 SIEMENS: PRODUCTS/SOLUTIONS/SERVICES OFFERED
                        TABLE 147 SIEMENS: DEALS
             11.1.11 LIEBHERR GROUP
                        TABLE 148 LIEBHERR GROUP: BUSINESS OVERVIEW
                        FIGURE 68 LIEBHERR GROUP: COMPANY SNAPSHOT
                        TABLE 149 LIEBHERR GROUP: PRODUCTS/SOLUTIONS/SERVICES OFFERED
                        TABLE 150 LIEBHERR GROUP: PRODUCT LAUNCHES AND DEVELOPMENTS
                        TABLE 151 LIEBHERR GROUP: DEALS
                        TABLE 152 LIEBHERR GROUP: OTHERS
             11.1.12 SANY GROUP
                        TABLE 153 SANY GROUP: BUSINESS OVERVIEW
                        FIGURE 69 SANY GROUP: COMPANY SNAPSHOT
                        TABLE 154 SANY GROUP: PRODUCTS/SOLUTIONS/SERVICES OFFERED
                        TABLE 155 SANY GROUP: PRODUCT LAUNCHES AND DEVELOPMENTS
                        TABLE 156 SANY GROUP: DEALS
                        TABLE 157 SANY GROUP: OTHERS
             11.1.13 AUTONOMOUS SOLUTIONS INC.
                        TABLE 158 AUTONOMOUS SOLUTIONS INC.: BUSINESS OVERVIEW
                        TABLE 159 AUTONOMOUS SOLUTIONS INC.: PRODUCTS/SOLUTIONS/SERVICES OFFERED
                        TABLE 160 AUTONOMOUS SOLUTIONS INC.: DEALS
             11.1.14 AB VOLVO
                        TABLE 161 AB VOLVO: BUSINESS OVERVIEW
                        FIGURE 70 AB VOLVO: COMPANY SNAPSHOT
                        TABLE 162 AB VOLVO: PRODUCTS/SOLUTIONS/SERVICES OFFERED
             11.1.15 SYMBOTICWARE INC.
                        TABLE 163 SYMBOTICWARE INC.: BUSINESS OVERVIEW
                        TABLE 164 SYMBOTICWARE INC.: PRODUCTS/SOLUTIONS/SERVICES OFFERED
     11.2 OTHER PLAYERS
             11.2.1 MICROMINE
                        TABLE 165 MICROMINE: COMPANY OVERVIEW
             11.2.2 REMOTE CONTROL TECHNOLOGIES (RCT)
                        TABLE 166 REMOTE CONTROL TECHNOLOGIES (RCT): COMPANY OVERVIEW
             11.2.3 REUTECH MINING
                        TABLE 167 REUTECH MINING: COMPANY OVERVIEW
             11.2.4 AAMCOR LLC
                        TABLE 168 AAMCOR LLC: COMPANY OVERVIEW
             11.2.5 3D-P
                        TABLE 169 3D-P: COMPANY OVERVIEW
             11.2.6 CR MINING
                        TABLE 170 CR MINING: COMPANY OVERVIEW
             11.2.7 ATDI
                        TABLE 171 ATDI: COMPANY OVERVIEW
             11.2.8 CIGEN
                        TABLE 172 CIGEN: COMPANY OVERVIEW
             11.2.9 GROUNDHOG
                        TABLE 173 GROUNDHOG: COMPANY OVERVIEW
             11.2.10 HAULTRAX
                        TABLE 174 HAULTRAX: COMPANY OVERVIEW
*Details on Business Overview, Products/Solutions/Services Offered, Recent Developments, MnM view (Key strengths/Right to win, Strategic choices made, Weakness/competitive threats)* might not be captured in case of unlisted companies. 

12 ADJACENT & RELATED MARKETS (Page No. - 232)
     12.1 INTRODUCTION
     12.2 LIMITATIONS
     12.3 SMART FACTORY MARKET, BY REGION
             12.3.1 INTRODUCTION
     12.4 ASIA PACIFIC
             TABLE 175 ASIA PACIFIC: SMART FACTORY MARKET, BY COUNTRY, 2018–2021 (USD MILLION)
             TABLE 176 ASIA PACIFIC: SMART FACTORY MARKET, BY COUNTRY, 2022–2027 (USD MILLION)
             TABLE 177 ASIA PACIFIC: SMART FACTORY MARKET, BY COMPONENT, 2018–2021 (USD MILLION)
             TABLE 178 ASIA PACIFIC: SMART FACTORY MARKET, BY COMPONENT, 2022–2027 (USD MILLION)
             TABLE 179 ASIA PACIFIC: SMART FACTORY MARKET, BY SOLUTION, 2018–2021 (USD MILLION)
             TABLE 180 ASIA PACIFIC: SMART FACTORY MARKET, BY SOLUTION, 2022–2027 (USD MILLION)
             12.4.1 CHINA
                        12.4.1.1 Increasing labor costs in China leading to adoption of advanced automation solutions
             12.4.2 JAPAN
                        12.4.2.1 Ongoing developments in smart manufacturing processes to boost market growth
             12.4.3 INDIA
                        12.4.3.1 Make in India campaign to encourage adoption of automation solutions in manufacturing industry
             12.4.4 REST OF ASIA PACIFIC

13 APPENDIX (Page No. - 238)
     13.1 INSIGHTS FROM INDUSTRY EXPERTS
     13.2 DISCUSSION GUIDE
     13.3 KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL
     13.4 CUSTOMIZATION OPTIONS
     13.5 RELATED REPORTS

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 market, and parent market. To validate these findings, assumptions, and sizing with industry experts across the value chain through primary research has been the next step. Finally, both top-down and bottom-up approaches have been employed to estimate the complete market size. After that, market breakdown and data triangulation methods have been used to estimate the market size of segments and subsegments.

Secondary Research

In the secondary research process, various secondary sources have been referred to identify and collect information relevant to this study. The secondary sources include annual reports, press releases, and investor presentations of companies; white papers, certified publications, and articles from recognized authors; directories; and databases. Secondary research has been mainly conducted to obtain key information about the industry’s supply chain, value chain of the market, total pool of key players, market classification and segmentation according to industry trends, geographic markets, and key developments from both market- and technology-oriented perspectives.

Primary Research

In the primary research process, various primary sources from both supply and demand sides have been interviewed to obtain the qualitative and quantitative information relevant to this report. Primary sources from the supply side include experts such as CEOs, VPs, marketing directors, technology and innovation directors, application developers, application users, and related executives from various key companies and organizations operating in the mining automation ecosystem. 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 the top-down and bottom-up approaches have been used to estimate and validate the size of the overall mining automation market and the market based on segments. The research methodology used to estimate the market size has been given below:

  • Major players operating in the mining automation market have been identified and considered for the report through extensive secondary research.
  • The supply chain and market size of the mining automation market, both in terms of value and units, have been estimated/determined through secondary and primary research processes.
  • All estimations and calculations, including percentage share, revenue mix, splits, and breakdowns have been determined through use of secondary sources which are further verified through primary sources.

Global mining automation market Size: Bottom-Up Approach

Mining Automation Market Size, and Bottom-Up Approach

Data Triangulation

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

Report Objectives:

  • To describe and forecast the mining automation market, in terms of value, based on offering, technique, and workflow
  • To forecast the market size, in terms of value, for four main regions—North America, Europe, Asia Pacific (APAC), and the Rest of World (RoW)
  • To provide detailed information regarding drivers, restraints, opportunities, and challenges influencing the market growth
  • To provide a detailed overview of the value chain of the mining automation ecosystem
  • To strategically analyze micro markets with respect to individual growth trends, prospects, and contributions to the total market
  • To analyze the opportunities in the market for stakeholders and details of the competitive landscape of the market
  • To strategically profile the key players and comprehensively analyze their market position in terms of ranking and core competencies
  • To analyze the major growth strategies implemented by key market players, such as contracts, agreements, acquisitions, product launches, expansions, and partnerships

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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