Market Overview:
The global surface mining automation market is expected to grow at a CAGR of 6.5% from 2018 to 2030. The market growth is attributed to the increasing demand for metals and minerals, rising labor costs, and the need for safety in mines. The surface mining automation market can be segmented by type, application, and region. By type, the market can be divided into equipment, software, and communication system segments. The equipment segment is further classified into haulers/excavators/loaders; drills & breakers; dozers; scrapers; trucks & trailers; belt conveyors systems (BCS); crushers & mills; and others (such as water treatment plants). The software segment includes mine planning software and production management software. Communication system includes wireless local area network (WLAN), cellular networks (3GPP/4G LTE), long-term evolution advanced Proximity Services) LPWA technologies such as Sigfox or LoRaWan), satellite communication systems such as Iridium NEXT constellation), Ethernet over copper wiring infrastructure) EoC ),and fiber optic cables). By application, the surface mining automation market can be segregated into metal mining mineral mining coalmining other applications ). Metal Miningincludes gold silver copper zinc lead nickel molybdenum tungsten platinum group metals palladium rhodium). Mineral Miningincludes phosphate rock potash feldspar kaolin barite bentonite sulfur lime stone dolomite marble granite.).
Product Definition:
Surface mining automation is the application of technology to improve the safety and efficiency of surface mining operations. Automation can include equipment such as autonomous vehicles, drones, and robots; as well as software applications that manage or monitor mining operations. The importance of surface mining automation lies in its ability to improve safety, reduce costs, and increase production.
Equipment:
Equipment is used in surface mining for moving the material from one place to another. It includes conveyors, loaders, excavators and skid-steer loaders. The equipment can be manual or automatic depending on the need of the mine.
The global surface mining automation market was valued at USD 1,852 million in 2016.
Software:
Software is a set of instructions which are used to direct and control the overall process of surface mining automation. It helps in carrying out various operations such as exploration, load calculation, ore selection & screening, haulage & transport planning and others. The software also provides information related to operational data analysis for the user with ease during post-operation analysis.
Application Insights:
The metal mining application segment led the global surface mining automation market in 2017 and is projected to expand at a CAGR of XX% from 2018 to 2030. The growth can be attributed to increasing demand for metals, which has resulted in an increased number of mines across the globe. For instance, as per the Mining Association of Canada, there were nearly 1,600 active exploration projects for coal and minerals across Canada in 2019; out of which approximately 500 were underground projects while another 400 were open-pit projects. This is expected to drive demand over the forecast period.
Regional Analysis:
North America dominated the global surface mining automation market in 2016 and is expected to continue its dominance over the forecast period. The region accounted for a share of more than 30% in 2016 owing to high demand from U.S., which is one of the leading countries for implementation of advanced technologies across various industries. Moreover, presence of key companies such as Caterpillar, Komatsu Ltd., and Autonomous Solutions Inc.
Asia Pacific region is anticipated to witness significant growth over the forecast period owing to increasing government initiatives pertaining to development of mines across emerging economies including China and India.
Growth Factors:
- Increasing demand for metals and minerals: The increasing demand for metals and minerals is one of the key growth drivers for the surface mining automation market. This is because surface mining offers a high yield of these resources as compared to other forms of mining.
- Rising labor costs: The rising labor costs are another key factor that is driving the growth of the surface mining automation market. This is because automated systems are more efficient and can reduce the overall cost of production significantly.
- Technological advancements: The technological advancements in terms of sensors, robotics, and communication technologies are also aiding in the growth of this market. These advancements are making it possible to develop more efficient and reliable systems that can automate various tasks in surface mining operations effectively.
Scope Of The Report
Report Attributes
Report Details
Report Title
Surface Mining Automation Market Research Report
By Type
Equipment, Software, Communication System
By Application
Metal Mining, Mineral Mining, Coal Mining, Other
By Companies
Caterpillar, Sandvik, Atlas Copco, Komatsu, ABB, Hitachi, Hexagon, Rockwell, Micromine, Volvo Group, Trimble, Remote Control Technologies, Mine Site Technologies
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
234
Number of Tables & Figures
164
Customization Available
Yes, the report can be customized as per your need.
Global Surface Mining Automation Market Report Segments:
The global Surface Mining Automation market is segmented on the basis of:
Types
Equipment, Software, Communication System
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Metal Mining, Mineral Mining, Coal Mining, Other
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Caterpillar
- Sandvik
- Atlas Copco
- Komatsu
- ABB
- Hitachi
- Hexagon
- Rockwell
- Micromine
- Volvo Group
- Trimble
- Remote Control Technologies
- Mine Site Technologies
Highlights of The Surface Mining Automation Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Equipment
- Software
- Communication System
- By Application:
- Metal Mining
- Mineral Mining
- Coal Mining
- Other
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Surface Mining Automation Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Surface mining automation is a technology that helps miners extract valuable minerals from the earth faster and more efficiently. It does this by using machines to move rocks and dirt, so miners can get to the ore faster. This makes it easier for them to find what they’re looking for, and it reduces the amount of time they have to spend working in dangerous conditions.
Some of the major companies in the surface mining automation market are Caterpillar, Sandvik, Atlas Copco, Komatsu, ABB, Hitachi, Hexagon, Rockwell, Micromine, Volvo Group, Trimble, Remote Control Technologies, Mine Site Technologies.
The surface mining automation market is expected to grow at a compound annual growth rate of 6.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Surface Mining Automation Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Surface Mining Automation Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Surface Mining Automation Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Surface Mining Automation Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Surface Mining Automation Market Size & Forecast, 2020-2028
4.5.1 Surface Mining Automation Market Size and Y-o-Y Growth
4.5.2 Surface Mining Automation Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Equipment
5.2.2 Software
5.2.3 Communication System
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Metal Mining
6.2.2 Mineral Mining
6.2.3 Coal Mining
6.2.4 Other
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Surface Mining Automation Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Surface Mining Automation Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Equipment
9.6.2 Software
9.6.3 Communication System
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Metal Mining
9.10.2 Mineral Mining
9.10.3 Coal Mining
9.10.4 Other
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Equipment
10.6.2 Software
10.6.3 Communication System
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Metal Mining
10.10.2 Mineral Mining
10.10.3 Coal Mining
10.10.4 Other
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Equipment
11.6.2 Software
11.6.3 Communication System
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Metal Mining
11.10.2 Mineral Mining
11.10.3 Coal Mining
11.10.4 Other
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Equipment
12.6.2 Software
12.6.3 Communication System
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Metal Mining
12.10.2 Mineral Mining
12.10.3 Coal Mining
12.10.4 Other
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Equipment
13.6.2 Software
13.6.3 Communication System
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Metal Mining
13.10.2 Mineral Mining
13.10.3 Coal Mining
13.10.4 Other
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Surface Mining Automation Market: Competitive Dashboard
14.2 Global Surface Mining Automation Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Caterpillar
14.3.2 Sandvik
14.3.3 Atlas Copco
14.3.4 Komatsu
14.3.5 ABB
14.3.6 Hitachi
14.3.7 Hexagon
14.3.8 Rockwell
14.3.9 Micromine
14.3.10 Volvo Group
14.3.11 Trimble
14.3.12 Remote Control Technologies
14.3.13 Mine Site Technologies
