5G in Mining Market - Global Outlook & Forecast 2023-2029

List of Tables

The global 5G in mining market size is expected to grow at a CAGR of 34.55% from 2023 to 2029

MARKET TRENDS & DRIVERS

Growing Use of Artificial Intelligence in Operational Activities

With the increasing benefits and emerging technologies, mining industries have connected their services and products with technologies such as IoT, Artificial Intelligence (AI), 5G, Cloud Computing, Augmented Reality and Virtual Reality, Cyber Security, and others. Artificial Intelligence's popularity is increasing because it is helping to deliver better results. It helps in generating daily data, due to which manual errors are reduced. Thus, the company can get accurate data for monitoring and analysis. Artificial intelligence integration helps analyze the values, increase production from old infrastructure, and make good company growth decisions. Such growth of AI is also expected to contribute to the growth of 5G in mining market.

Expanding Mining Industry Boosting the 5G In Mining Market

The mining industry has grown tremendously in recent years due to advanced technology and rapid industrial development. The mining industry provides raw materials for various industries such as steel, electronics, manufacturing, building material, glass, aluminum, automotive, and others. All these industries are speculated to grow tremendously in the coming days. And due to this, the growth in these industries will propel the growth of the mining industry. For instance, bauxite mining has grown in recent years due to significant demand from the aluminum and aerospace industries. Aluminum produces various products such as window frames, airplane parts, electric wiring, and kitchen utensils.

Growing Acceptance for 5G Technology in Mining

The development of connectivity infrastructure and improvement in connectivity is expected to boost the demand for 5G networks across the mining sector. In underground mining, a high-speed network is required with low latency for better output from various applications. The high bandwidth can easily contribute to and improve the operations in the mining sector by enabling their capacity. Moreover, the mining industry operates in various remote locations, where connectivity is a barrier for the companies. Here the 5G in mining market comes in handy to such problems. The emergence of 5G and Software Defined Networking in Wide Area Networks (SD-WAN) encourages mining companies to shift to this network. 5G connectivity provides low latency and high-speed connectivity, where SD-WAN safely transfers the data between different centers, remote units, and cloud environments. Thus, it will optimize efficiency and resolve data security problems in the mining industry.

INDUSTRY RESTRAINTS

Increasing Security Concern

The major problem hindering the adoption of 5G in the mining industry is its security issues. Unlike in its previous versions of 4G, 3G, and 2G, it was easy to find out if anyone was trying to commit cybercrime. However, it becomes difficult in the 5G connectivity scenario as users can easily switch their location by switching their antenna location. Thus, there is a big risk of attack for stealing the information, which is very important for any organization to make future decisions for growth of organizations. Such factors can hamper the growth of the 5G in mining market. Thus, there is a need to tackle all such problems, which may lead to overcoming these challenges, thereby helping the market grow.

SEGMENTATION INSIGHTS

INSIGHTS BY SPECTRUM

The global 5G in mining market in the mid-band spectrum was valued at USD 1.2 billion in 2023 and dominated the spectrum segment. The spectrum ranges from 1GHz to 6GHz, is a mid-band spectrum, and is an ideal spectrum for 5G carrying data at a significant distance. Japanese and Chinese operators plan to deploy 5G spectrum ranges from 4.5GHz to 5GHz. Currently, the mid-band spectrum dominates the market because of its use in the present condition of the 3.5GHz spectrum range, transmitting data at a significant distance in the early integration of the 5G network.

Segmentation by Spectrum

Mid-Band
High-Band
Low-Band

INSIGHTS BY APPLICATION

Surface mining is the largest application segment in the global 5G in mining market and was valued at USD 1.5 billion in 2023. Surface mining is where rock and soil cover the mineral deposits removed instead of underground mining. In this process, stones that are overlying are left in place. The minerals are extracted through tunnels or shafts. The 5G technology can be used in all operations of the mining process and can handle unmanned operations with high efficiency and less error. Thus, there is safety in the drilling and blasting operation by using automation and IoT devices, and it will also give real-time data for monitoring.

Segmentation by Application

Surface Mining
Underground Mining

GEOGRAPHICAL ANALYSIS

APAC's 5G in mining market was valued at USD 860.00 million in 2023 and dominated the global market share. In APAC, China, Indonesia, Australia, Thailand, and India have been the major markets for 5G in the mining industry. China and Indonesia are the major markets where 5G in mining has been implemented, whereas, in Australia and Thailand, 5G in mining is under the test phase. In addition, India is an evolving market. It is attracting both local and international investors because of the supportive government regulations and the presence of the big players in the 5G technology market.

The 5G in mining market in Europe is expected to grow at a CAGR of 29.38% during the forecast period. The European Union includes the mining countries such as Russia, Sweden, Finland, Denmark, Italy, the UK, Spain, France, Portugal, and others. Russia is the leading player in 5G in the mining market in Europe and is the largest country in terms of geographical area, and has huge reserves of major minerals. The mining and metal industry comprises various minerals and metals such as coal, base metals, steel, iron ore, gold, silver, platinum, and others. Moreover, mining companies are trying to enhance their production capacity by deploying 5G technology in mining for automation, IoT application, and others. For instance, Nokia and Nornickel have recently successfully tested 5G in the mining sector of Russia.

Segmentation by Geography

APAC
- China
- Indonesia
- Rest of APAC
Latin America
- Brazil
- Chile
- Rest of Latin America
Europe
- Russia
- Sweden
- Rest of Europe
Rest of The World
- Canada
- South Africa
- Other Countries

VENDOR LANDSCAPE

The major players in the global 5G in mining market are Cisco, Hitachi Energy, Huawei, Nokia, and Telefonaktiebolaget LM Ericsson. The global competitive scenario in the market is currently more acute. The significantly changing technology may affect the value chain partners, such as vendors and distributors because customers expect upgrades and innovations. The industry is united, with some players which provide 5G technology in the mining industry. The competition is based on product development, connection density, technology, price, latency, and innovation. Most companies are expanding their portfolio with innovation to sustain the current competition. Companies are actively investing in collaboration with the stakeholders with a good presence in terms of 5G technology and geography.

Key Vendors

Cisco
Hitachi Energy
Huawei
Nokia
Telefonaktiebolaget LM Ericsson

Other Prominent Vendors

Alibaba Cloud
Athonet
Google (Google Cloud)
Intrado
Microsoft (Microsoft Azure)
Niral Networks
NTT
Qualcomm
Samsung
Sateliot
Sierra Wireless
Verizon
Windstream

KEY QUESTIONS ANSWERED

1. How big is the 5G in mining market?
2. What is the growth rate of the 5G in mining market?
3. Who are the key players in the global 5G in mining market?
4. Which region holds the most prominent global 5G in mining market share?
5. What are the key driving factors in the 5G in mining market?

Product Code: ARZ221227

1 RESEARCH METHODOLOGY

2 RESEARCH OBJECTIVES

3 RESEARCH PROCESS

4 SCOPE & COVERAGE

4.1 MARKET DEFINITION
- 4.1.1 INCLUSIONS
- 4.1.2 EXCLUSIONS
- 4.1.3 MARKET ESTIMATION CAVEATS
4.2 BASE YEAR
4.3 SCOPE OF THE STUDY
- 4.3.1 MARKET SEGMENTATION BY GEOGRAPHY

5 REPORT ASSUMPTIONS & CAVEATS

5.1 KEY CAVEATS
5.2 CURRENCY CONVERSION
5.3 MARKET DERIVATION

6 PREMIUM INSIGHTS

6.1 MARKET SYNOPSIS
- 6.1.1 DRIVERS
- 6.1.2 OPPORTUNITIES
- 6.1.3 CHALLENGES
- 6.1.4 SPECTRUM
- 6.1.5 APPLICATION
6.2 GEOGRAPHY
6.3 COMPANY & STRATEGIES

7 MARKET AT A GLANCE

8 INTRODUCTION

8.1 OVERVIEW

9 MARKET OPPORTUNITIES & TRENDS

9.1 INCREASING ADOPTION OF DIGITIZATION IN MINING
9.2 ADOPTION OF SUSTAINABILITY STANDARDS TO IMPROVE PRODUCTIVITY AND PROFITABILITY
9.3 GROWING USE OF AI IN OPERATIONAL ACTIVITIES

10 MARKET GROWTH ENABLERS

10.1 GROWING ACCEPTANCE OF 5G TECHNOLOGY IN MINING
10.2 EXPANDING MINING INDUSTRY
10.3 IMPACT OF INDUSTRY 4.0 TO BOOST 5G IN MINING

11 MARKET RESTRAINTS

11.1 INCREASE IN SECURITY CONCERNS
11.2 HIGH COST OF 5G TECHNOLOGY
11.3 LACK OF SIGNAL PROXIMITY

12 MARKET LANDSCAPE

12.1 MARKET OVERVIEW
12.2 MARKET SIZE & FORECAST
12.3 5G ECOSYSTEM CYCLE
- 12.3.1 INFRASTRUCTURE
- 12.3.2 DEVICES
- 12.3.3 SPECTRUM
12.4 MACROECONOMIC FACTOR ANALYSIS
- 12.4.1 COAL PRODUCTION
- 12.4.2 MINERAL PRODUCTION IN TOP COUNTRIES
12.5 FIVE FORCES ANALYSIS
- 12.5.1 THREAT OF NEW ENTRANTS
- 12.5.2 BARGAINING POWER OF SUPPLIERS
- 12.5.3 BARGAINING POWER OF BUYERS
- 12.5.4 THREAT OF SUBSTITUTES
- 12.5.5 COMPETITIVE RIVALRY

13 SPECTRUM

13.1 MARKET SNAPSHOT & GROWTH ENGINE
13.2 MARKET OVERVIEW
13.3 MID-BAND
- 13.3.1 MARKET OVERVIEW
- 13.3.2 MARKET SIZE & FORECAST
- 13.3.3 MARKET BY GEOGRAPHY
13.4 HIGH-BAND
- 13.4.1 MARKET OVERVIEW
- 13.4.2 MARKET SIZE & FORECAST
- 13.4.3 MARKET BY GEOGRAPHY
13.5 LOW-BAND
- 13.5.1 MARKET OVERVIEW
- 13.5.2 MARKET SIZE & FORECAST
- 13.5.3 MARKET BY GEOGRAPHY

14 APPLICATION

14.1 MARKET SNAPSHOT & GROWTH ENGINE
14.2 MARKET OVERVIEW
14.3 SURFACE MINING
- 14.3.1 MARKET OVERVIEW
- 14.3.2 MARKET SIZE & FORECAST
- 14.3.3 MARKET BY GEOGRAPHY
14.4 UNDERGROUND MINING
- 14.4.1 MARKET OVERVIEW
- 14.4.2 MARKET SIZE & FORECAST
- 14.4.3 MARKET BY GEOGRAPHY

15 GEOGRAPHY

15.1 MARKET SNAPSHOT & GROWTH ENGINE
15.2 GEOGRAPHIC OVERVIEW

16 APAC

16.1 MARKET OVERVIEW
16.2 MARKET SIZE & FORECAST
16.3 SPECTRUM
- 16.3.1 MARKET SIZE & FORECAST
16.4 APPLICATION
- 16.4.1 MARKET SIZE & FORECAST
16.5 KEY COUNTRIES
16.6 CHINA
- 16.6.1 MARKET OVERVIEW
- 16.6.2 MARKET SIZE & FORECAST
16.7 INDONESIA
- 16.7.1 MARKET OVERVIEW
- 16.7.2 MARKET SIZE & FORECAST
16.8 REST OF APAC
- 16.8.1 MARKET OVERVIEW
- 16.8.2 MARKET SIZE & FORECAST

17 LATIN AMERICA

17.1 MARKET OVERVIEW
17.2 MARKET SIZE & FORECAST
17.3 SPECTRUM
- 17.3.1 MARKET SIZE & FORECAST
17.4 APPLICATION
- 17.4.1 MARKET SIZE & FORECAST
17.5 KEY COUNTRIES
17.6 BRAZIL
- 17.6.1 MARKET OVERVIEW
- 17.6.2 MARKET SIZE & FORECAST
17.7 CHILE
- 17.7.1 MARKET OVERVIEW
- 17.7.2 MARKET SIZE & FORECAST
17.8 REST OF LATIN AMERICA
- 17.8.1 MARKET OVERVIEW
- 17.8.2 MARKET SIZE & FORECAST

18 EUROPE

18.1 MARKET OVERVIEW
18.2 MARKET SIZE & FORECAST
18.3 SPECTRUM
- 18.3.1 MARKET SIZE & FORECAST
18.4 APPLICATION
- 18.4.1 MARKET SIZE & FORECAST
18.5 KEY COUNTRIES
18.6 RUSSIA
- 18.6.1 MARKET OVERVIEW
- 18.6.2 MARKET SIZE & FORECAST
18.7 SWEDEN
- 18.7.1 MARKET OVERVIEW
- 18.7.2 MARKET SIZE & FORECAST
18.8 REST OF EUROPE
- 18.8.1 MARKET OVERVIEW
- 18.8.2 MARKET SIZE & FORECAST

19 REST OF THE WORLD

19.1 MARKET OVERVIEW
19.2 MARKET SIZE & FORECAST
19.3 SPECTRUM
- 19.3.1 MARKET SIZE & FORECAST
19.4 APPLICATION
- 19.4.1 MARKET SIZE & FORECAST
19.5 KEY COUNTRIES
19.6 CANADA
- 19.6.1 MARKET OVERVIEW
- 19.6.2 MARKET SIZE & FORECAST
19.7 SOUTH AFRICA
- 19.7.1 MARKET OVERVIEW
- 19.7.2 MARKET SIZE & FORECAST
19.8 OTHER COUNTRIES
- 19.8.1 MARKET OVERVIEW
- 19.8.2 MARKET SIZE & FORECAST

20 COMPETITIVE LANDSCAPE

20.1 COMPETITION OVERVIEW
- 20.1.1 OFFERINGS BY START-UPS ACROSS 5G TECHNOLOGY
20.2 RECENT DEVELOPMENTS
- 20.2.1 OTHER DEVELOPMENTS IN MINING SECTOR

21 KEY COMPANY PROFILES

21.1 CISCO
- 21.1.1 BUSINESS OVERVIEW
- 21.1.2 FINANCIAL OVERVIEW
- 21.1.3 CISCO IN MINING MARKET
- 21.1.4 PRODUCT OFFERINGS
- 21.1.5 KEY STRATEGIES
- 21.1.6 KEY STRENGTHS
- 21.1.7 KEY OPPORTUNITIES
21.2 HITACHI ENERGY
- 21.2.1 BUSINESS OVERVIEW
- 21.2.2 FINANCIAL OVERVIEW
- 21.2.3 HITACHI ENERGY IN MINING MARKET
- 21.2.4 PRODUCT OFFERINGS
- 21.2.5 KEY STRATEGIES
- 21.2.6 KEY STRENGTHS
- 21.2.7 KEY OPPORTUNITIES
21.3 HUAWEI
- 21.3.1 BUSINESS OVERVIEW
- 21.3.2 FINANCIAL OVERVIEW
- 21.3.3 HUAWEI IN MINING MARKET
- 21.3.4 PRODUCT OFFERINGS
- 21.3.5 KEY STRATEGIES
- 21.3.6 KEY STRENGTHS
- 21.3.7 KEY OPPORTUNITIES
21.4 NOKIA
- 21.4.1 BUSINESS OVERVIEW
- 21.4.2 FINANCIAL OVERVIEW
- 21.4.3 NOKIA IN MINING MARKET
- 21.4.4 PRODUCT OFFERINGS
- 21.4.5 KEY STRATEGIES
- 21.4.6 KEY STRENGTHS
- 21.4.7 KEY OPPORTUNITIES
21.5 TELEFONAKTIEBOLAGET LM ERICSSON
- 21.5.1 BUSINESS OVERVIEW
- 21.5.2 FINANCIAL OVERVIEW
- 21.5.3 ERICSSON IN MINING MARKET
- 21.5.4 PRODUCT OFFERINGS
- 21.5.5 KEY STRATEGIES
- 21.5.6 KEY STRENGTHS
- 21.5.7 KEY OPPORTUNITIES

22 OTHER PROMINENT VENDORS

22.1 ALIBABA CLOUD
- 22.1.1 BUSINESS OVERVIEW
- 22.1.2 PRODUCT OFFERINGS
22.2 ATHONET
- 22.2.1 BUSINESS OVERVIEW
- 22.2.2 PRODUCT OFFERINGS
22.3 GOOGLE (GOOGLE CLOUD)
- 22.3.1 BUSINESS OVERVIEW
- 22.3.2 PRODUCT OFFERINGS
22.4 INTRADO
- 22.4.1 BUSINESS OVERVIEW
- 22.4.2 PRODUCT OFFERINGS
22.5 MICROSOFT (MICROSOFT AZURE)
- 22.5.1 BUSINESS OVERVIEW
- 22.5.2 PRODUCT OFFERINGS
22.6 NIRAL NETWORKS
- 22.6.1 BUSINESS OVERVIEW
- 22.6.2 PRODUCT OFFERINGS
22.7 NTT COMMUNICATIONS
- 22.7.1 BUSINESS OVERVIEW
- 22.7.2 PRODUCT OFFERINGS
22.8 QUALCOMM
- 22.8.1 BUSINESS OVERVIEW
- 22.8.2 PRODUCT OFFERINGS
22.9 SAMSUNG
- 22.9.1 BUSINESS OVERVIEW
- 22.9.2 PRODUCT OFFERINGS
22.10 SATELIOT
- 22.10.1 BUSINESS OVERVIEW
- 22.10.2 PRODUCT OFFERINGS
22.11 SIERRA WIRELESS
- 22.11.1 BUSINESS OVERVIEW
- 22.11.2 PRODUCT OFFERINGS
22.12 VERIZON
- 22.12.1 BUSINESS OVERVIEW
- 22.12.2 PRODUCT OFFERINGS
22.13 WINDSTREAM
- 22.13.1 BUSINESS OVERVIEW
- 22.13.2 PRODUCT OFFERINGS

23 REPORT SUMMARY

23.1 KEY TAKEAWAYS
23.2 STRATEGIC RECOMMENDATIONS

24 QUANTITATIVE SUMMARY

24.1 MARKET BY SPECTRUM
- 24.1.1 MID-BAND
- 24.1.2 HIGH-BAND
- 24.1.3 LOW-BAND
24.2 MARKET BY APPLICATION
- 24.2.1 SURFACE MINING
- 24.2.2 UNDERGROUND MINING

25 GEOGRAPHY

25.1 APAC
- 25.1.1 SPECTRUM
- 25.1.2 APPLICATION
25.2 LATIN AMERICA
- 25.2.1 SPECTRUM
- 25.2.2 APPLICATION
25.3 EUROPE
- 25.3.1 SPECTRUM
- 25.3.2 APPLICATION
25.4 REST OF THE WORLD
- 25.4.1 SPECTRUM
- 25.4.2 APPLICATION

26 APPENDIX

26.1 ABBREVIATIONS