Press release
Smart Mining Market to reach US$ 38.5 billion by 2027 | Alastri, Caterpillar Inc., Intellisense.io, Hexagon AB, MineSense, SAP SE
The global smart mining market accounted for US$ 9.8 billion in 2019 and is expected to grow at a CAGR of 18.9% during 2020-2027 to reach US$ 38.5 billion by 2027.
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Growing demand for minerals and metals leads to increasing mining activities that drive the growth of the smart mining market. Rising adoption of autonomous equipment, increased concerns about safety and security, growing environmental concerns are among the factors boosting the growth of the smart mining market. Furthermore, smart mining technology is considerably safer and environment-friendly than traditional mining technology. The deployment of smart mining solutions help mining companies minimize the labor cost and increase production efficiency with the help of real-time communication and monitoring.
By implementing advanced technologies, mining operators can expand their current wireless network of embedded sensors. For instance, the installation of automation software enables an operator to monitor static and moving assets remotely and program automated interaction. With the rising adoption of sensor technology, IIoT, and smart devices, the demand for these solutions has tremendously grown across the regions. The evolution of smart mines and increased spending of ICT in the mining industry are moderately driving the overall growth of the market.
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The global smart mining market is segmented into component and mining type. Based on component, the market is segmented into hardware, software, and services. Hardware covers RFID tags, sensors, intelligent system, and others. Software covers logistics software, data & operation management, safety & security system, connectivity solution, analytics solution, remote management solution, and asset management solution. Based on mining type, the market is segmented into underground mining and surface mining.
The well-established market players operating in the smart mining market include ABB Ltd., Alastri, Caterpillar Inc., Intellisense.io, Hexagon AB, Hitachi, Ltd., MineSense, Rockwell, Automation, Inc., SAP SE, and Trimble Inc.
The overall global smart mining market size has been derived using both primary and secondary sources. The research process begins with exhaustive secondary research using internal and external sources to obtain qualitative and quantitative information related to the global smart mining market. It also provides an overview and forecast for the smart mining market based on all the segmentation provided for the global regions. Also, primary interviews were conducted with industry participants and commentators to validate data and analysis. The participants who typically take part in such a process include industry expert such as VPs, business development managers, market intelligence managers, and national sales managers, and external consultants such as valuation experts, research analysts, and key opinion leaders specializing in the smart mining industry.
The List of Companies - Smart Mining Market
1. ABB Ltd.
2. Alastri
3. Caterpillar Inc.
4. Intellisense.io
5. Hexagon AB
6. Hitachi, Ltd.
7. MineSense
8. Rockwell Automation, Inc.
9. SAP SE
10. Trimble Inc.
Contact Us
Gasper James
304, S Jones Blvd,
Las Vegas,
NV 89107, USA
US Toll Free +18666051052
Email: sales@decisionmarketreports.com
Web: http://decisionmarketreports.com/
Decision Market Reports is a one-stop solution, covers market research studies of all the industries, companies and regions. DMR aims at providing quality research, and insights about every market to helps our clients in taking right decisions. Our repository consists of most trending industry reports, niche areas, and leading company profiles. A comprehensive collection of reports is updated daily to offer hassle-free access to our latest updated report databases.
Get Free PDF Sample Brochure @ https://decisionmarketreports.com/request-sample/1326781
Growing demand for minerals and metals leads to increasing mining activities that drive the growth of the smart mining market. Rising adoption of autonomous equipment, increased concerns about safety and security, growing environmental concerns are among the factors boosting the growth of the smart mining market. Furthermore, smart mining technology is considerably safer and environment-friendly than traditional mining technology. The deployment of smart mining solutions help mining companies minimize the labor cost and increase production efficiency with the help of real-time communication and monitoring.
By implementing advanced technologies, mining operators can expand their current wireless network of embedded sensors. For instance, the installation of automation software enables an operator to monitor static and moving assets remotely and program automated interaction. With the rising adoption of sensor technology, IIoT, and smart devices, the demand for these solutions has tremendously grown across the regions. The evolution of smart mines and increased spending of ICT in the mining industry are moderately driving the overall growth of the market.
Know More about research methodology @ https://decisionmarketreports.com/request-methodolgy/1326781
The global smart mining market is segmented into component and mining type. Based on component, the market is segmented into hardware, software, and services. Hardware covers RFID tags, sensors, intelligent system, and others. Software covers logistics software, data & operation management, safety & security system, connectivity solution, analytics solution, remote management solution, and asset management solution. Based on mining type, the market is segmented into underground mining and surface mining.
The well-established market players operating in the smart mining market include ABB Ltd., Alastri, Caterpillar Inc., Intellisense.io, Hexagon AB, Hitachi, Ltd., MineSense, Rockwell, Automation, Inc., SAP SE, and Trimble Inc.
The overall global smart mining market size has been derived using both primary and secondary sources. The research process begins with exhaustive secondary research using internal and external sources to obtain qualitative and quantitative information related to the global smart mining market. It also provides an overview and forecast for the smart mining market based on all the segmentation provided for the global regions. Also, primary interviews were conducted with industry participants and commentators to validate data and analysis. The participants who typically take part in such a process include industry expert such as VPs, business development managers, market intelligence managers, and national sales managers, and external consultants such as valuation experts, research analysts, and key opinion leaders specializing in the smart mining industry.
The List of Companies - Smart Mining Market
1. ABB Ltd.
2. Alastri
3. Caterpillar Inc.
4. Intellisense.io
5. Hexagon AB
6. Hitachi, Ltd.
7. MineSense
8. Rockwell Automation, Inc.
9. SAP SE
10. Trimble Inc.
Contact Us
Gasper James
304, S Jones Blvd,
Las Vegas,
NV 89107, USA
US Toll Free +18666051052
Email: sales@decisionmarketreports.com
Web: http://decisionmarketreports.com/
Decision Market Reports is a one-stop solution, covers market research studies of all the industries, companies and regions. DMR aims at providing quality research, and insights about every market to helps our clients in taking right decisions. Our repository consists of most trending industry reports, niche areas, and leading company profiles. A comprehensive collection of reports is updated daily to offer hassle-free access to our latest updated report databases.
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