Smart Mining Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2023-2030 - By Product, Technology, Grade, Application, End-user, Region

Description

Fairfield Market Research is set to release a study that provides growth forecasts for the Global Smart Mining Industry from 2021 to 2025. The resource-critical mining sector has long grappled with a severe shortage of skilled labor, which has been a major hindrance to its productivity and efficiency. The COVID-19 pandemic further exacerbated the industry's challenges, underscoring the urgent need to enhance overall productivity and efficiency. As a result, the smart mining industry is expected to receive a robust impetus in the future.

Underground Wireless Technology Drives Smart Mining Adoption

Deepening technology integration into mining operations is expected to accelerate the adoption of smart mining solutions by mining companies. Collaboration between mining operations and tech innovators will expedite the spread of smart mining in the industry. The market will be bolstered by the increasing deployment of underground wireless networks for remote tracking and monitoring of employees and mining equipment. As safety, efficiency, and maintenance become top priorities for mining companies, smart mining is set to gain stronger ground.

The introduction of wireless network technology into underground mines marked a breakthrough development, catalyzing the industry's move towards smart mining. Since then, Wi-Fi and radiofrequency identification (RFID) technology have been extensively used for remote tracking, location monitoring, surveillance, and safety of personnel and equipment in mines. Conventional mining processes, technologies, and tools are rapidly being replaced by their smart counterparts through the integration of smart systems and the Internet of Things (IoT).

Rising Investments to Drive Smart Mining Market

The growing demand for real-time information delivery to mine operators on their mobile devices will drive the growth of the smart mining market. The application of advanced data analytics to extract insights and recommendations from raw data for visualization will further support market growth. Mining companies are increasingly adopting next-gen technologies, such as drones, adaptive supply chain, and sensing technologies, offering them a competitive advantage and driving market expansion. The acceptance of various digital technologies enabling automation, including 3D printing, robotics, autonomous driving, self-driving, IoT, AI, augmented reality (AR), virtual reality (VR), Big Data Analytics, and cloud computing, will remain sought-after across potential smart mines.

Growing Acceptance for Environmental Impact Mitigation

Mining companies are recognizing the pivotal role of smart mining technologies in providing real-time understanding of mining sites, operations, and resources. This acceptance is a key factor supporting the expansion of the global smart mining market. Additionally, as companies increasingly commit to reducing the environmental impact of mining, smart mining is expected to have a broader positive impact across the industry. The growing significance of Environmental, Social, and Corporate Governance (ESG), Corporate Social Responsibility (CSR), and Environmental and License to Operate (LTO) will play a crucial role in the market's growth.

Key Players in the Global Smart Mining Market

The report includes detailed profiling of some prominent players in the smart mining landscape. Alongside industry giants like SAP SE, Cisco Systems Inc., Komatsu Mining Corporation, and Rockwell Automation Inc., the study covers Robert Bosch GmbH, Ericsson, Schlumberger, Anglo American, ABB, Siemens, Wipro, Huawei, Nokia, Sandvik, Solvay, Axora, Bell, Codelco, IntelliSense, Exfo, Howden Group, GeoSonics, Hexagon, Kandy, Juniper Networks, MISOM, Ribbon Communications, Mitel, SMS Equipment, and SGS.

With technology penetration and increasing investments driving the smart mining industry, the global market is poised for rapid growth. Smart mining solutions are revolutionizing the sector by enhancing safety, efficiency, and sustainability. The forthcoming study by Fairfield Market Research promises to offer valuable insights into the future prospects of the smart mining industry.

1. Executive Summary

1.1. Global Smart Mining Market Snapshot
1.2. Key Market Trends
1.3. Future Projections
1.4. Analyst Recommendations

2. Market Overview

2.1. Market Definitions and Segmentations
2.2. Market Dynamics
- 2.2.1. Drivers
  - 2.2.1.1. Driver A
  - 2.2.1.2. Driver B
  - 2.2.1.3. Driver C
- 2.2.2. Restraints
  - 2.2.2.1. Restraint 1
  - 2.2.2.2. Restraint 2
- 2.2.3. Market Opportunities Matrix
2.3. Value Chain Analysis
2.4. Porter's Five Forces Analysis
2.5. Covid-19 Impact Analysis
- 2.5.1. Pre-covid and Post-covid Scenario
- 2.5.2. Supply Impact
- 2.5.3. Demand Impact
2.6. Government Regulations
2.7. Technology Landscape
2.8. Economic Analysis
2.9. PESTLE

3. Global Smart Mining Market Outlook, 2018 - 2030

3.1. Global Smart Mining Market Outlook, by Mine Type, Value (US$ Mn), 2018 - 2030
- 3.1.1. Key Highlights
  - 3.1.1.1. Underground
  - 3.1.1.2. Surface (Open Pit/Open Cast)
3.2. Global Smart Mining Market Outlook, by Automated Equipment, Value (US$ Mn), 2018 - 2030
- 3.2.1. Key Highlights
  - 3.2.1.1. Excavators
  - 3.2.1.2. Load Haul Dumpers
  - 3.2.1.3. Drillers & Breakers
  - 3.2.1.4. Robotic Trucks
  - 3.2.1.5. Misc.
3.3. Global Smart Mining Market Outlook, by Solutions, Value (US$ Mn), 2018 - 2030
- 3.3.1. Key Highlights
  - 3.3.1.1. Hardware
    - 3.3.1.1.1. Sensors
    - 3.3.1.1.2. RFID Tags
    - 3.3.1.1.3. Intelligent Systems
  - 3.3.1.2. Software
    - 3.3.1.2.1. Logistics
    - 3.3.1.2.2. Safety & Security
    - 3.3.1.2.3. Data & Operations
    - 3.3.1.2.4. Asset Management
  - 3.3.1.3. Services
3.4. Global Smart Mining Market Outlook, by Region, Value (US$ Mn), 2018 - 2030
- 3.4.1. Key Highlights
  - 3.4.1.1. North America
  - 3.4.1.2. Europe
  - 3.4.1.3. Asia Pacific
  - 3.4.1.4. Latin America
  - 3.4.1.5. Middle East & Africa
- 3.4.2. BPS Analysis/Market Attractiveness Analysis

4. North America Smart Mining Market Outlook, 2018 - 2030

4.1. North America Smart Mining Market Outlook, by Mine Type, Value (US$ Mn), 2018 - 2030
- 4.1.1. Key Highlights
  - 4.1.1.1. Underground
  - 4.1.1.2. Surface (Open Pit/Open Cast)
4.2. North America Smart Mining Market Outlook, by Automated Equipment, Value (US$ Mn), 2018 - 2030
- 4.2.1. Key Highlights
  - 4.2.1.1. Excavators
  - 4.2.1.2. Load Haul Dumpers
  - 4.2.1.3. Drillers & Breakers
  - 4.2.1.4. Robotic Trucks
  - 4.2.1.5. Misc.
4.3. North America Smart Mining Market Outlook, by Solutions, Value (US$ Mn), 2018 - 2030
- 4.3.1. Key Highlights
  - 4.3.1.1. Hardware
    - 4.3.1.1.1. Sensors
    - 4.3.1.1.2. RFID Tags
    - 4.3.1.1.3. Intelligent Systems
  - 4.3.1.2. Software
    - 4.3.1.2.1. Logistics
    - 4.3.1.2.2. Safety & Security
    - 4.3.1.2.3. Data & Operations
    - 4.3.1.2.4. Asset Management
  - 4.3.1.3. Services
4.4. North America Smart Mining Market Outlook, by Country, Value (US$ Mn), 2018 - 2030
- 4.4.1. Key Highlights
  - 4.4.1.1. U.S.
  - 4.4.1.2. Canada
- 4.4.2. BPS Analysis/Market Attractiveness Analysis

5. Europe Smart Mining Market Outlook, 2018 - 2030

5.1. Europe Smart Mining Market Outlook, by Mine Type, Value (US$ Mn), 2018 - 2030
- 5.1.1. Key Highlights
  - 5.1.1.1. Underground
  - 5.1.1.2. Surface (Open Pit/Open Cast)
5.2. Europe Smart Mining Market Outlook, by Automated Equipment, Value (US$ Mn), 2018 - 2030
- 5.2.1. Key Highlights
  - 5.2.1.1. Excavators
  - 5.2.1.2. Load Haul Dumpers
  - 5.2.1.3. Drillers & Breakers
  - 5.2.1.4. Robotic Trucks
  - 5.2.1.5. Misc.
5.3. Europe Smart Mining Market Outlook, by Solutions, Value (US$ Mn), 2018 - 2030
- 5.3.1. Key Highlights
  - 5.3.1.1. Hardware
    - 5.3.1.1.1. Sensors
    - 5.3.1.1.2. RFID Tags
    - 5.3.1.1.3. Intelligent Systems
  - 5.3.1.2. Software
    - 5.3.1.2.1. Logistics
    - 5.3.1.2.2. Safety & Security
    - 5.3.1.2.3. Data & Operations
    - 5.3.1.2.4. Asset Management
  - 5.3.1.3. Services
5.4. Europe Smart Mining Market Outlook, by Country, Value (US$ Mn), 2018 - 2030
- 5.4.1. Key Highlights
  - 5.4.1.1. Germany
  - 5.4.1.2. France
  - 5.4.1.3. U.K.
  - 5.4.1.4. Italy
  - 5.4.1.5. Spain
  - 5.4.1.6. Turkey
  - 5.4.1.7. Russia
  - 5.4.1.8. Rest of Europe
- 5.4.2. BPS Analysis/Market Attractiveness Analysis

6. Asia Pacific Smart Mining Market Outlook, 2018 - 2030

6.1. Asia Pacific Smart Mining Market Outlook, by Mine Type, Value (US$ Mn), 2018 - 2030
- 6.1.1. Key Highlights
  - 6.1.1.1. Underground
  - 6.1.1.2. Surface (Open Pit/Open Cast)
6.2. Asia Pacific Smart Mining Market Outlook, by Automated Equipment, Value (US$ Mn), 2018 - 2030
- 6.2.1. Key Highlights
  - 6.2.1.1. Excavators
  - 6.2.1.2. Load Haul Dumpers
  - 6.2.1.3. Drillers & Breakers
  - 6.2.1.4. Robotic Trucks
  - 6.2.1.5. Misc.
6.3. Asia Pacific Smart Mining Market Outlook, by Solutions, Value (US$ Mn), 2018 - 2030
- 6.3.1. Key Highlights
  - 6.3.1.1. Hardware
    - 6.3.1.1.1. Sensors
    - 6.3.1.1.2. RFID Tags
    - 6.3.1.1.3. Intelligent Systems
  - 6.3.1.2. Software
    - 6.3.1.2.1. Logistics
    - 6.3.1.2.2. Safety & Security
    - 6.3.1.2.3. Data & Operations
    - 6.3.1.2.4. Asset Management
  - 6.3.1.3. Services
6.4. Asia Pacific Smart Mining Market Outlook, by Country, Value (US$ Mn), 2018 - 2030
- 6.4.1. Key Highlights
  - 6.4.1.1. China
  - 6.4.1.2. Japan
  - 6.4.1.3. South Korea
  - 6.4.1.4. India
  - 6.4.1.5. Southeast Asia
  - 6.4.1.6. Rest of Asia Pacific
- 6.4.2. BPS Analysis/Market Attractiveness Analysis

7. Latin America Smart Mining Market Outlook, 2018 - 2030

7.1. Latin America Smart Mining Market Outlook, by Mine Type, Value (US$ Mn), 2018 - 2030
- 7.1.1. Key Highlights
  - 7.1.1.1. Underground
  - 7.1.1.2. Surface (Open Pit/Open Cast)
7.2. Latin America Smart Mining Market Outlook, by Automated Equipment, Value (US$ Mn), 2018 - 2030
- 7.2.1. Key Highlights
  - 7.2.1.1. Excavators
  - 7.2.1.2. Load Haul Dumpers
  - 7.2.1.3. Drillers & Breakers
  - 7.2.1.4. Robotic Trucks
  - 7.2.1.5. Misc.
7.3. Latin America Smart Mining Market Outlook, by Solutions, Value (US$ Mn), 2018 - 2030
- 7.3.1. Key Highlights
  - 7.3.1.1. Hardware
    - 7.3.1.1.1. Sensors
    - 7.3.1.1.2. RFID Tags
    - 7.3.1.1.3. Intelligent Systems
  - 7.3.1.2. Software
    - 7.3.1.2.1. Logistics
    - 7.3.1.2.2. Safety & Security
    - 7.3.1.2.3. Data & Operations
    - 7.3.1.2.4. Asset Management
  - 7.3.1.3. Services
7.4. Latin America Smart Mining Market Outlook, by Country, Value (US$ Mn), 2018 - 2030
- 7.4.1. Key Highlights
  - 7.4.1.1. Brazil
  - 7.4.1.2. Mexico
  - 7.4.1.3. Rest of Latin America
- 7.4.2. BPS Analysis/Market Attractiveness Analysis

8. Middle East & Africa Smart Mining Market Outlook, 2018 - 2030

8.1. Middle East & Africa Smart Mining Market Outlook, by Mine Type, Value (US$ Mn), 2018 - 2030
- 8.1.1. Key Highlights
  - 8.1.1.1. Underground
  - 8.1.1.2. Surface (Open Pit/Open Cast)
8.2. Middle East & Africa Smart Mining Market Outlook, by Automated Equipment, Value (US$ Mn), 2018 - 2030
- 8.2.1. Key Highlights
  - 8.2.1.1. Excavators
  - 8.2.1.2. Load Haul Dumpers
  - 8.2.1.3. Drillers & Breakers
  - 8.2.1.4. Robotic Trucks
  - 8.2.1.5. Misc.
8.3. Middle East & Africa Smart Mining Market Outlook, by Solutions, Value (US$ Mn), 2018 - 2030
- 8.3.1. Key Highlights
  - 8.3.1.1. Hardware
    - 8.3.1.1.1. Sensors
    - 8.3.1.1.2. RFID Tags
    - 8.3.1.1.3. Intelligent Systems
  - 8.3.1.2. Software
    - 8.3.1.2.1. Logistics
    - 8.3.1.2.2. Safety & Security
    - 8.3.1.2.3. Data & Operations
    - 8.3.1.2.4. Asset Management
  - 8.3.1.3. Services
8.4. Middle East & Africa Smart Mining Market Outlook, by Country, Value (US$ Mn), 2018 - 2030
- 8.4.1. Key Highlights
  - 8.4.1.1. GCC
  - 8.4.1.2. South Africa
  - 8.4.1.3. Rest of Middle East & Africa
- 8.4.2. BPS Analysis/Market Attractiveness Analysis

9. Competitive Landscape

9.1. Company Market Share Analysis, 2021
9.2. Competitive Dashboard
9.3. Company Profiles
- 9.3.1. Caterpillar Inc.
  - 9.3.1.1. Company Overview
  - 9.3.1.2. Product Portfolio
  - 9.3.1.3. Financial Overview
  - 9.3.1.4. Business Strategies and Development
- 9.3.2. Komatsu Ltd.
- 9.3.3. Hitachi Construction Machinery Co., Ltd
- 9.3.4. Rockwell Automation, Inc.
- 9.3.5. SAP SE
- 9.3.6. ABB Ltd.
- 9.3.7. IntelliSense.io
- 9.3.8. Sandvik AB.
- 9.3.9. Alastri
- 9.3.10. Cisco Systems, Inc.
- 9.3.11. Stone Three Mining Pty. Ltd.
- 9.3.12. Hexagon AB

10. Appendix

10.1. Research Methodology
10.2. Report Assumptions
10.3. Acronyms and Abbreviations