PUBLISHER: Grand View Research | PRODUCT CODE: 1750780
PUBLISHER: Grand View Research | PRODUCT CODE: 1750780
The global connected mining market size was estimated at USD 17.26 billion in 2024 and is projected to grow at a CAGR of 11.0% from 2025 to 2030. The rising demand for operational efficiency and productivity drives the growth of the market. Mining operations are typically complex, capital-intensive, and involve multiple moving parts, from exploration and drilling to transportation and refining. Traditionally, inefficiencies, delays, and breakdowns were common due to limited data visibility and manual interventions. Connected mining leverages technologies such as real-time monitoring, automation, and data analytics to streamline these operations.
By enabling predictive maintenance, optimized resource allocation, and reduced downtime, connected systems help mining companies enhance productivity while lowering operational costs.
The widespread adoption of the Industrial Internet of Things (IIoT) and automation in the mining sector drives the growth of the market. IIoT integrates sensors, connected devices, and software to collect and analyze real-time data across mining equipment and facilities. This enhances visibility and enables mining companies to take proactive actions, such as scheduling maintenance before a machine fails or redirecting equipment to high-yield zones.
In addition, automation, ranging from autonomous haul trucks to remote-controlled drilling rigs, improves efficiency and safety while minimizing the need for manual labor, especially in hazardous environments. As the mining industry increasingly relies on automation to overcome labor shortages and harsh working conditions, the IIoT-backed connected mining segment is witnessing significant investment.
Moreover, growing investments in digital and smart mining projects are driving the growth of the market. Countries rich in mineral resources, such as Australia, Canada, Chile, and South Africa, are seeing substantial investments in digital transformation initiatives. Leading mining companies are forming partnerships with technology providers to build intelligent mines that integrate robotics, AI, and analytics into every stage of the operation. These efforts improve ROI and set industry benchmarks that others are motivated to follow. This wave of investment is a strong indicator of long-term commitment to connected mining technologies.
However, high initial capital investments and integration costs restrain the growth of the market. Implementing advanced solutions such as IoT sensors, autonomous equipment, data analytics platforms, and high-speed connectivity infrastructure requires substantial capital. Many mining companies, particularly small and mid-sized operators, may find it financially burdensome to justify these investments without guaranteed returns. In addition, the cost of integrating these technologies with existing legacy systems can be high, requiring system overhauls, extensive training, and new IT frameworks.
Global Connected Mining Market Report Segmentation
This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2018 to 2030. For this study, Grand View Research has segmented the global connected mining market report based on component, deployment, enterprise size, mining, application, and region.