Report : Europe Smart Mining Market to 2027 - Regional Analysis and Forecasts by Component (Hardware, Software and Solution, and Service); Mining Type (Underground Mining, and Surface Mining)
HardwareSegment to DominateEurope Smart Mining Market during 2020–2027
According to The Insight Partners market research study on “Europe Smart Mining Marketto 2027 – Regional Analysis and Forecast by Test Type andEndUser,”is expected to reach US$ 7,968.8Mn by 2027 from US$ 1,986.5 Mn in 2019. The market is estimated to grow at a CAGR of 19.2% from 2019 to 2027.The report provides trends prevailing in the Europe smart mining market along with the drivers and restraints pertaining to the market growth.With the rising adoption of sensor technology, IIoT, and smart devices, the demand for smart solutions has tremendously grown across the regions which is fueling the smart mining market.
The smart mining market, by component, is segmented into hardware, software and solution, and service. The hardwaresegment held the largest share of the Europemarket in 2019.The wearable cameras can be used at mining sites for many purposes, depending on the characteristics of the mining activity. In most cases, the cameras are useful tools for site monitoring and process control in outdoor environments is the major factor fueling hardware component.
ABB Ltd., Alastri., Caterpillar Inc, Intellisense.io, Hexagon AB., Hitachi, Ltd., MineSense, Rockwell Automation, Inc., SAP SE, Trimble Incare among the leading companies in the smart mining market. The companies are focused on adopting organic growth strategies such as product launches and expansions to sustain their position in the dynamic market. For instance, in September 2019, Trimble improved project visualization with new laser scanner and AR technology.
The report segments the Europe Smart Mining Marketas follows:
Smart Mining Market – ByComponent
Smart Mining Market – By Mining Type
Smart Mining Market– By Country