Press release
Autonomous Mining Truck | Witness Strong Growth Over 2021-2027 | Key Manufacturers Overview - Caterpillar, AB Volvo, Autonomous Solutions Inc., Scania, Hitachi, Ltd., Rockwell Automation
Autonomous Mining Market Outlook – 2027
The autonomous trucks are also known as self-driving truck which performs all major capabilities of traditional trucks with little or no human interventions. Moreover, the autonomous mining truck are specifically engineered for use in high production mining and are used to transport waste and ore produced in mines. Additionally, the trucks use infrared radars, LIDAR, cameras, sensors, complex algorithms, and others for its functioning. Besides, the truck uses global positioning system (GPS) for fleet applications. With rising adoption of autonomous mining trucks, the manufacturers are investing in development of technology.
Download Report Sample (PDF with Insights, Charts, Tables, Figures) at: https://www.alliedmarketresearch.com/request-sample/9973
COVID-19 scenario analysis:
• The COVID-19 pandemic is rapidly changing the work dynamics of all the sectors, including mining industry.
• The indirect impacts of COVID-19 are likely to be wide-ranging. As a result, the affected industries are looking to develop strategies to open orders and global supply chain and restart the economy.
• Moreover, due to the decreasing demand, the commodity pricing related to mining industry are falling. For instance, the prices of platinum and palladium have fallen by 40%. Besides, South African miner Sibanye-Stillwater’s share price has lost over 60% in 4 weeks.
• However, as social distancing has become a new mainstream, the autonomous mining truck market is anticipated to grow. Due to reduced workforce on mining sites owing to COVID-19 threat, the autonomous mining truck offers the option with minimal human interaction.
Request for Customization of This Report at: https://www.alliedmarketresearch.com/request-for-customization/9973
Top impacting factors: Market scenario analysis, trends, drivers, and impact analysis
COVID-19 scenario analysis:
• The COVID-19 pandemic is rapidly changing the work dynamics of all the sectors, including mining industry.
• The indirect impacts of COVID-19 are likely to be wide-ranging. As a result, the affected industries are looking to develop strategies to open orders and global supply chain and restart the economy.
• Moreover, due to the decreasing demand, the commodity pricing related to mining industry are falling. For instance, the prices of platinum and palladium have fallen by 40%. Besides, South African miner Sibanye-Stillwater’s share price has lost over 60% in 4 weeks.
• However, as social distancing has become a new mainstream, the autonomous mining truck market is anticipated to grow. Due to reduced workforce on mining sites owing to COVID-19 threat, the autonomous mining truck offers the option with minimal human interaction.
Top impacting factors: market scenario analysis, trends, drivers and impact analysis
Growth in mining industry and increasing demand for metals is driving the market of autonomous mining truck. Besides, autonomous mining truck aids in reducing the workforce and wages required for working, thereby saving the overall cost. Additionally, autonomous mining truck increases the work efficiency as the truck can work for longer duration without any break. Moreover, introduction of new mining sites for energy production activities is anticipated to proliferate the market growth. However, rising cybercrime restrict the autonomous mining truck market growth. Furthermore, increasing government expenditure on mining projects is bolstering the market growth.
The autonomous mining truck market trends are as follows:
Development of fully autonomous mining trucks to foster the market
The autonomous mining truck manufacturers are heavily investing in development of complete-autonomous mining truck. The fully autonomous mining truck is designed with a cab. Moreover, the truck is equipped with cameras, radar, LiDAR and GPS receivers, and is steered and monitored by an intelligent control system. The truck would work without any human intervention and machine has complete control over the decisions to be taken. In 2019, Scania company unveiled its fully autonomous and cab-less mining trucks. Besides, the truck is solely controlled by external logistics system that tells it where to go and how to behave.
Rising adoption of autonomous trucks in mining project
The introduction of autonomous mining trucks has led to improved safety outcomes through reduced interaction between heavy equipment and people in mining areas. Additionally, the mining projects are heavily adopting autonomous trucks for their efficiency. In 2019, BHP has signed a deal with Komatsu to deploy 41 automation-ready Komatsu 930E-5 ultra-class mining trucks at the South Flank iron ore project in the Pilbara, Western Australia.
Interested to Procure The Data? Inquire here at: https://www.alliedmarketresearch.com/purchase-enquiry/9973
Key benefits of the report:
• This study presents the analytical depiction of the autonomous mining truckindustry along with the current trends and future estimations to determine the imminent investment pockets.
• The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the market share.
• The current market is quantitatively analyzed from 2020 to 2027 to highlight the growth scenario.
• Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.
• The report provides a detailed autonomous mining truck market analysis based on competitive intensity and how the competition will take shape in coming years.
Questions answered in the autonomous mining truck market research report:
• Which are the leading market players active in the autonomous mining truck market?
• What are the current trends that will influence the market in the next few years?
• What are the driving factors, restraints, and opportunities in the market?
• What are the projections for the future that would help in taking further strategic steps?
David Correa
5933 NE Win Sivers Drive
#205, Portland, OR 97220
United States
USA/Canada (Toll Free):
+1-800-792-5285, +1-503-894-6022, +1-503-446-1141
UK: +44-845-528-1300
Hong Kong: +852-301-84916
India (Pune): +91-20-66346060
Fax: +1(855)550-5975
help@alliedmarketresearch.com
Web: www.alliedmarketresearch.com
Allied Market Research Blog: https://blog.alliedmarketresearch.com
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP, based in Portland, Oregon. AMR provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
AMR introduces its online premium subscription-based library Avenue, designed specifically to offer cost-effective, one-stop solution for enterprises, investors, and universities. With Avenue, subscribers can avail an entire repository of reports on more than 2,000 niche industries and more than 12,000 company profiles. Moreover, users can get an online access to quantitative and qualitative data in PDF and Excel formats along with analyst support, customization, and updated versions of reports.
The autonomous trucks are also known as self-driving truck which performs all major capabilities of traditional trucks with little or no human interventions. Moreover, the autonomous mining truck are specifically engineered for use in high production mining and are used to transport waste and ore produced in mines. Additionally, the trucks use infrared radars, LIDAR, cameras, sensors, complex algorithms, and others for its functioning. Besides, the truck uses global positioning system (GPS) for fleet applications. With rising adoption of autonomous mining trucks, the manufacturers are investing in development of technology.
Download Report Sample (PDF with Insights, Charts, Tables, Figures) at: https://www.alliedmarketresearch.com/request-sample/9973
COVID-19 scenario analysis:
• The COVID-19 pandemic is rapidly changing the work dynamics of all the sectors, including mining industry.
• The indirect impacts of COVID-19 are likely to be wide-ranging. As a result, the affected industries are looking to develop strategies to open orders and global supply chain and restart the economy.
• Moreover, due to the decreasing demand, the commodity pricing related to mining industry are falling. For instance, the prices of platinum and palladium have fallen by 40%. Besides, South African miner Sibanye-Stillwater’s share price has lost over 60% in 4 weeks.
• However, as social distancing has become a new mainstream, the autonomous mining truck market is anticipated to grow. Due to reduced workforce on mining sites owing to COVID-19 threat, the autonomous mining truck offers the option with minimal human interaction.
Request for Customization of This Report at: https://www.alliedmarketresearch.com/request-for-customization/9973
Top impacting factors: Market scenario analysis, trends, drivers, and impact analysis
COVID-19 scenario analysis:
• The COVID-19 pandemic is rapidly changing the work dynamics of all the sectors, including mining industry.
• The indirect impacts of COVID-19 are likely to be wide-ranging. As a result, the affected industries are looking to develop strategies to open orders and global supply chain and restart the economy.
• Moreover, due to the decreasing demand, the commodity pricing related to mining industry are falling. For instance, the prices of platinum and palladium have fallen by 40%. Besides, South African miner Sibanye-Stillwater’s share price has lost over 60% in 4 weeks.
• However, as social distancing has become a new mainstream, the autonomous mining truck market is anticipated to grow. Due to reduced workforce on mining sites owing to COVID-19 threat, the autonomous mining truck offers the option with minimal human interaction.
Top impacting factors: market scenario analysis, trends, drivers and impact analysis
Growth in mining industry and increasing demand for metals is driving the market of autonomous mining truck. Besides, autonomous mining truck aids in reducing the workforce and wages required for working, thereby saving the overall cost. Additionally, autonomous mining truck increases the work efficiency as the truck can work for longer duration without any break. Moreover, introduction of new mining sites for energy production activities is anticipated to proliferate the market growth. However, rising cybercrime restrict the autonomous mining truck market growth. Furthermore, increasing government expenditure on mining projects is bolstering the market growth.
The autonomous mining truck market trends are as follows:
Development of fully autonomous mining trucks to foster the market
The autonomous mining truck manufacturers are heavily investing in development of complete-autonomous mining truck. The fully autonomous mining truck is designed with a cab. Moreover, the truck is equipped with cameras, radar, LiDAR and GPS receivers, and is steered and monitored by an intelligent control system. The truck would work without any human intervention and machine has complete control over the decisions to be taken. In 2019, Scania company unveiled its fully autonomous and cab-less mining trucks. Besides, the truck is solely controlled by external logistics system that tells it where to go and how to behave.
Rising adoption of autonomous trucks in mining project
The introduction of autonomous mining trucks has led to improved safety outcomes through reduced interaction between heavy equipment and people in mining areas. Additionally, the mining projects are heavily adopting autonomous trucks for their efficiency. In 2019, BHP has signed a deal with Komatsu to deploy 41 automation-ready Komatsu 930E-5 ultra-class mining trucks at the South Flank iron ore project in the Pilbara, Western Australia.
Interested to Procure The Data? Inquire here at: https://www.alliedmarketresearch.com/purchase-enquiry/9973
Key benefits of the report:
• This study presents the analytical depiction of the autonomous mining truckindustry along with the current trends and future estimations to determine the imminent investment pockets.
• The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the market share.
• The current market is quantitatively analyzed from 2020 to 2027 to highlight the growth scenario.
• Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.
• The report provides a detailed autonomous mining truck market analysis based on competitive intensity and how the competition will take shape in coming years.
Questions answered in the autonomous mining truck market research report:
• Which are the leading market players active in the autonomous mining truck market?
• What are the current trends that will influence the market in the next few years?
• What are the driving factors, restraints, and opportunities in the market?
• What are the projections for the future that would help in taking further strategic steps?
David Correa
5933 NE Win Sivers Drive
#205, Portland, OR 97220
United States
USA/Canada (Toll Free):
+1-800-792-5285, +1-503-894-6022, +1-503-446-1141
UK: +44-845-528-1300
Hong Kong: +852-301-84916
India (Pune): +91-20-66346060
Fax: +1(855)550-5975
help@alliedmarketresearch.com
Web: www.alliedmarketresearch.com
Allied Market Research Blog: https://blog.alliedmarketresearch.com
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP, based in Portland, Oregon. AMR provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
AMR introduces its online premium subscription-based library Avenue, designed specifically to offer cost-effective, one-stop solution for enterprises, investors, and universities. With Avenue, subscribers can avail an entire repository of reports on more than 2,000 niche industries and more than 12,000 company profiles. Moreover, users can get an online access to quantitative and qualitative data in PDF and Excel formats along with analyst support, customization, and updated versions of reports.
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