Smart Mining Market to Grow at a CAGR of 18.9% to reach US$ 38.5 Billion from 2020 to 2027

Smart Mining Market to 2027 - Global Analysis and Forecasts by Component (Hardware, Software and Solution, and Service); Mining Type (Underground Mining, and Surface Mining) ,and Geography

Publication Month: Mar 2020 | Report Code: TIPRE00007870 | No. of Pages: 208 | Category: Electronics and Semiconductor | Status: Published
Covid
The smart mining market accounted for US$ 9.8 billion in 2019 and is expected to grow at a CAGR of 18.9% over the forecast period 2020-2027, to account for US$ 38.5 billion by 2027.
 
Smart mining refers to the use of technology, information, and autonomy to facilitate high productivity, improved safety, and low operational costs during mining. Mining companies are focusing on improving productivity by offering innovative software and solutions that raise demand for the smart mining market. The increasing penetration of advanced technology also the industry is projected to cut down high costs of the workforce, and hence, result in considerable cost optimization. These factors are boosting the demand for the smart mining market. Smart mines with already incorporated technologies can automate their operations quickly than those who are lagging in technological adoption. By the implementation of advanced technologies, mining operators can expand their current wireless network of embedded sensors.

Asia Pacific accounted for the largest smart mining market in 2019 and is expected to maintain its dominance during the forecast period. Metals and minerals extracted from the region are transported to a large number of manufacturing hubs in South and East Asia, creating the world’s technologically sophisticated manufacturing region and also supporting the world’s construction. The smart mining market in APAC is mainly driven by the rising demand for technological equipment, coupled with the pressing infrastructure needs of miners.

Lucrative Regional Smart Mining Markets

Lucrative Regional Smart Mining Markets

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Smart Mining Market Insights
The Growing Need for Ensuring Data Security Drives Smart Mining Market
Data sources in the smart mining industry can be classified into two parts, namely, direct or indirect (ancillary) measurements. Direct measurement sources are those taken by instruments such as GPS and conventional geodetic surveys. Indirect references refer to systems that collect data as a by-product of processes or operations such as Fleet Management Systems, SCADA or DCS data, blast hole drills, and geomodeling data. For improving ore recovery, an ore body modelling technique is used. The model provides geological patterns that help in determining the drill holes. The right mining decisions, therefore, depends on the availability of correct data from multiple systems combined with real-time data analytics.

Component Insights
Based on component, the smart mining market is segmented into hardware, software and solutions, and services. Hardware segment led the smart mining market by component. As, the wearable devices have been noted to find applications in the mining industry to regulate production processes in hard rock mines, health and safety management in coal mines, and monitor environmental quality in industrial mineral mines. The smart mining market based on hardware component has been further segmented into RFID Tags, sensors, intelligent systems, and others.

Global Smart MiningMarket, by Component - 2019 & 2027

Global Smart MiningMarket, by Component – 2019 & 2027

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Mining Type Insights

Based on mining type, surface mining led the smart mining market. The smart surface mining helps the user in illustrating the problem related to mining, calculating how individual collisions contributed to the overall damage noticed on the machine. The data thus collected acts as a guide for the operator in a training plan, which sets targets for improvement and monitoring performance.


Strategic Insights
Market initiative is a strategy adopted by the companies to expand their footprint across the world and meet the growing customer demand. The market players present in the smart mining market mainly focus toward product enhancements by implementing advanced technologies. By signing partnerships, contracts, joint ventures, funding, and inaugurating new offices across APAC, North America, and other regions, the smart mining market players strive to maintain their brand name globally.
  • 2019: Hitachi Construction Machinery Co. announced an open, interoperable ecosystem of partners that integrate their systems alongside existing mine infrastructure.
  • 2019: Rio Tinto signed an agreement with Caterpillar to support and supply mining machines, automation and enterprise technology systems for the new Koodaideri iron ore mine in Western Australia.
  • 2018: MineSense Technologies closed a US$ 18million equity financing to position itself for full commercial launch. The round was led by Prelude Ventures, and also included industry leaders Caterpillar, Mitsubishi Corporation and new investor ABB Technology Ventures (ATV).
Insights on COVID-19 Impact on the Smart Mining Market:
The coronavirus outbreak has been affecting economies and industries in various countries due to lockdowns, travel bans, and business shutdowns.

The below pointers highlight the impact of COVID-19 in the smart mining market:
  • Demand for jet fuel has decreased, and light natural gas prices have dropped to a record low, and are likely to curtail US production.
  • Since the smart mining industry is highly globalized and based on commodity prices, it is projected to be one of Canada's hardest-hit industries. A decrease in Chinese raw material demand would push down global oil and gas prices. Demand for jet fuel has already declined, and prices for natural gas have dropped to a record low. This will curtail production in Canada.
  • Iron ore mining is expected to be significantly disrupted, as virtually all exports of New Zealand iron ore are shipped to Chinese steel refineries. Before the outbreak, exports were expected to account for 38.2 per cent of revenue in the Iron Ore Mining industry. It is also expected that coal exports will be greatly affected, as China accounted for 17.3 percent of New Zealand coal exports.
  • In February, 2020, India’s coal imports decreased from 14.1% to 17.01 million tons (MT) following the coronavirus outbreak.
  • The effect of COVID-19 is expected to be major and direct for the Australian Mining industry. The curtailment of manufacturing activity in China has resulted in a fall in commodity prices particularly for crude oil, copper, iron ore and other industrial commodities.
  • COVID-19 could affect steel demand by impeding manufacturing operation or by potentially closing Chinese smelters due to quarantine needs. Either of these factors could reduce the demand for iron ore and black coal significantly, posing a major threat to the miners
Smart Mining Market - By Component
  • Hardware
    • RFID Tags
    • Sensors
    • Intelligent System
    • Others
  • Software
    • Logistics Software
    • Data & Operation Management Software
    • Safety & Security Systems
    • Connectivity Solutions
    • Analytics Solutions
    • Remote Management Solutions
    • Asset Management Solutions
  • Service
 
Smart Mining Market – By Mining Type
  • Underground Mining
  • Surface Mining
 
 
Global Smart MiningMarketby Region
  • North America
    • US
    • Canada
    • Mexico
  • Europe
    • France
    • Germany
    • Italy
    • UK
    • Russia
    • Rest of Europe
  • Asia Pacific
    • China
    • India
    • South Korea
    • Japan
    • Australia
    • Rest of Asia Pacific
  • Middle East & Africa
    • South Africa
    • Saudi Arabia
    • UAE
    • Rest of Middle East and Africa
  • South America
    • Brazil
    • Argentina
    • Rest of South America 
 
Companies Profiles
  • ABB Ltd.
  • Alastri
  • Caterpillar Inc.
  • Intellisense.io
  • Hexagon AB
  • Hitachi, Ltd.
  • MineSense
  • Rockwell Automation, Inc.
  • SAP SE
  • Trimble Inc.

1.             Introduction

1.1       Study Scope

1.2       The Insight Partners Research Report Guidance

1.3       Market Segmentation

2.             Key Takeaways

3.             Research Methodology

3.1       Coverage

3.2       Secondary Research

3.3       Primary Research

4.             Smart Mining Market Landscape

4.1       Market Overview

4.2       PEST Analysis

4.2.1        North America – PEST Analysis

4.2.2        Europe – PEST Analysis

4.2.3        Asia Pacific – PEST Analysis

4.2.4        Middle East and Africa – PEST Analysis

4.2.5        South America – PEST Analysis

4.3       Ecosystem Analysis

4.4       Expert Opinion

5.             Smart Mining Market – Key Market Dynamics

5.1       Market Drivers

5.1.1        The growing need to keep the workforce safe

5.1.2        Ensuring data security

5.2       Market Restraints

5.2.1        Stringent government regulations concerning greenhouse effect, air and environment effect

5.3       Market Opportunities

5.3.1        The Mining Technological Advancement Across the World is Leading to the Adoption Of Various Automated Mining Equipment

5.4       Future Trends

5.4.1        Rapid Adoption of Industrial Internet Of Things (IIoT), Transforming the Mining Sector to be More Productive and Sustainable

5.5       Impact Analysis of Drivers and Restraints

6.             Smart Mining – Global Market Analysis

6.1       Smart Mining Market Overview

6.2       Smart Mining Market –Revenue and Forecast to 2027 (US$ Million)

6.3       Market Positioning – Five Key Players

7.             Smart Mining Market – By Component

7.1       Overview

7.2       Smart Mining Market Breakdown, by Component (2019 and 2027)

7.3       Hardware

7.3.1        Overview

7.3.2        Hardware: Smart Mining Market – Revenue and Forecast to 2027 (US$ Million)

7.3.3        RFID Tags

7.3.3.1      Overview

7.3.3.2      RFID Tags Market Forecast and Analysis

7.3.4        Sensors

7.3.4.1      Overview

7.3.4.2      Sensors Market Forecast and Analysis

7.3.5        Intelligent Systems

7.3.5.1      Overview

7.3.5.2      Intelligent System Market Forecast and Analysis

7.3.6        Others

7.3.6.1      Overview

7.4       Software and Solutions

7.4.1        Overview

7.4.2        Software & Solutions: Smart Mining Market – Revenue and Forecast to 2027 (US$ Million)

7.4.3        Logistics Software

7.4.3.1      Overview

7.4.3.2      Logistics Software Market Forecast and Analysis

7.4.4        Data and Operation Management

7.4.4.1      Overview

7.4.4.2      Data and Operation Management Market Forecast and Analysis

7.4.5        Safety and Security Systems

7.4.5.1      Overview

7.4.5.2      Safety and Security Systems Market Forecast and Analysis

7.4.6        Connectivity Solutions

7.4.6.1      Overview

7.4.6.2      Connectivity Solutions Market Forecast and Analysis

7.4.7        Analytics Solutions

7.4.7.1      Overview

7.4.7.2      Analytics Solutions Market Forecast and Analysis

7.4.8        Remote Management Solutions

7.4.8.1      Overview

7.4.8.2      Remote Management Solutions Market Forecast and Analysis

7.4.9        Asset Management Solutions

7.4.9.1      Overview

7.4.9.2      Asset Management Solutions Market Forecast and Analysis

7.5       Services

7.5.1        Overview

7.5.2        Services: Smart Mining Market – Revenue and Forecast to 2027 (US$ Million)

8.             Smart Mining Market – By Mining Type

8.1       Overview

8.2       Smart Mining Market Breakdown, by Mining Type (2019 and 2027)

8.3       Underground Mining

8.3.1        Overview

8.3.2        Underground Mining: Smart Mining Market – Revenue and Forecast to 2027 (US$ Million)

8.4       Surface Mining

8.4.1        Overview

8.4.2        Surface Mining: Smart Mining Market – Revenue and Forecast to 2027 (US$ Million)

9.             Smart Mining Market – Geographic Analysis

9.1       Overview

9.2       North America: Smart Mining Market

9.2.1        North America: Smart Mining Market – Revenue and Forecast to 2027 (US$ Million)

9.2.2        North America: Smart Mining Market, by Component

9.2.3        North America: Smart Mining Market, by Mining Type

9.2.4        North America: Smart Mining Market, by Hardware Type Industry

9.2.5        North America: Smart Mining Market, by Software and Solution Type Industry

9.2.6        North America: Smart Mining Market, by Key Country

9.2.6.1      US: Smart Mining Market – Revenue and Forecast to 2027 (US$ Million)

9.2.6.1.1       US: Smart Mining Market, by Component

9.2.6.1.2       US: Smart Mining Market, by Mining Type

9.2.6.1.3       US: Smart Mining Market, by Hardware Type Industry

9.2.6.1.4       US: Smart Mining Market, by Software and Solution Type Industry

9.2.6.2      Canada: Smart Mining Market – Revenue and Forecast to 2027 (US$ Million)

9.2.6.2.1       Canada: Smart Mining Market, by Component

9.2.6.2.2       Canada: Smart Mining Market, by Mining Type

9.2.6.2.3       Canada: Smart Mining Market, by Hardware Type

9.2.6.2.4       Canada: Smart Mining Market, by Software and Solution Type

9.2.6.3      Mexico: Smart Mining Market – Revenue and Forecast to 2027 (US$ Million)

9.2.6.3.1       Mexico: Smart Mining Market, by Component

9.2.6.3.2       Mexico: Smart Mining Market, by Mining Type

9.2.6.3.3       Mexico: Smart Mining Market, by Hardware Type

9.2.6.3.4       Mexico: Smart Mining Market, by Software and Solution Type

9.3       Europe: Smart Mining Market

9.3.1        Europe: Smart Mining Market – Revenue and Forecast to 2027 (US$ Million)

9.3.2        Europe: Smart Mining Market, by Component

9.3.3        Europe: Smart Mining Market, by Mining Type

9.3.4        Europe: Smart Mining Market, by Hardware Type

9.3.5        Europe: Smart Mining Market, by Software and Solution Type

9.3.6        Europe: Smart Mining Market, by Key Country

9.3.6.1      Germany: Smart Mining Market – Revenue and Forecast to 2027 (US$ Million)

9.3.6.1.1       Germany: Smart Mining Market, by Component

9.3.6.1.2       Germany: Smart Mining Market, by Mining Type

9.3.6.1.3       Germany: Smart Mining Market, by Hardware Type

9.3.6.1.4       Germany: Smart Mining Market, by Software and Solution Type

9.3.6.2      France: Smart Mining Market – Revenue and Forecast to 2027 (US$ Million)

9.3.6.2.1       France: Smart Mining Market, by Component

9.3.6.2.2       France: Smart Mining Market, by Mining Type

9.3.6.2.3       France: Smart Mining Market, by Hardware Type

9.3.6.2.4       France: Smart Mining Market, by Software and Solution Type

9.3.6.3      Italy: Smart Mining Market – Revenue and Forecast to 2027 (US$ Million)

9.3.6.3.1       Italy: Smart Mining Market, by Component

9.3.6.3.2       Italy: Smart Mining Market, by Mining Type

9.3.6.3.3       Italy: Smart Mining Market, by Hardware Type

9.3.6.3.4       Italy: Smart Mining Market, by Software and Solution Type

9.3.6.4      UK: Smart Mining Market – Revenue and Forecast to 2027 (US$ Million)

9.3.6.4.1       UK: Smart Mining Market, by Component

9.3.6.4.2       UK: Smart Mining Market, by Mining Type

9.3.6.4.3       UK: Smart Mining Market, by Hardware Type

9.3.6.4.4       UK: Smart Mining Market, by Software and Solution Type

9.3.6.5      Russia: Smart Mining Market – Revenue and Forecast to 2027 (US$ Million)

9.3.6.5.1       Russia: Smart Mining Market, by Component

9.3.6.5.2       Russia: Smart Mining Market, by Mining Type

9.3.6.5.3       Russia: Smart Mining Market, by Hardware Type

9.3.6.5.4       Russia: Smart Mining Market, by Software and Solution Type

9.3.6.6      Rest of Europe: Smart Mining Market – Revenue and Forecast to 2027 (US$ Million)

9.3.6.6.1       Rest of Europe: Smart Mining Market, by Component

9.3.6.6.2       Rest of Europe: Smart Mining Market, by Mining Type

9.3.6.6.3       Rest of Europe: Smart Mining Market, by Hardware Type

9.3.6.6.4       Rest of Europe: Smart Mining Market, by Software and Solution Type

9.4       APAC: Smart Mining Market

9.4.1        APAC: Smart Mining Market – Revenue and Forecast to 2027 (US$ Million)

9.4.2        APAC: Smart Mining Market, by Component

9.4.3        APAC: Smart Mining Market, by Mining Type

9.4.4        APAC: Smart Mining Market, by Hardware Type

9.4.5        APAC: Smart Mining Market, by Software and Solution Type

9.4.6        APAC: Smart Mining Market, by Key Country

9.4.6.1      Australia: Smart Mining Market – Revenue and Forecast to 2027 (US$ Million)

9.4.6.1.1       Australia: Smart Mining Market, by Component

9.4.6.1.2       Australia: Smart Mining Market, by Mining Type

9.4.6.1.3       Australia: Smart Mining Market, by Hardware Type

9.4.6.1.4       Australia: Smart Mining Market, by Software and Solution Type

9.4.6.2      China: Smart Mining Market – Revenue and Forecast to 2027 (US$ Million)

9.4.6.2.1       China: Smart Mining Market, by Component

9.4.6.2.2       China: Smart Mining Market, by Mining Type

9.4.6.2.3       China: Smart Mining Market, by Hardware Type

9.4.6.2.4       China: Smart Mining Market, by Software and Solution Type

9.4.6.3      India: Smart Mining Market – Revenue and Forecast to 2027 (US$ Million)

9.4.6.3.1       India: Smart Mining Market, by Component

9.4.6.3.2       India: Smart Mining Market, by Mining Type

9.4.6.3.3       India: Smart Mining Market, by Hardware Type

9.4.6.3.4       India: Smart Mining Market, by Software and Solution Type

9.4.6.4      Japan: Smart Mining Market – Revenue and Forecast to 2027 (US$ Million)

9.4.6.4.1       Japan: Smart Mining Market, by Component

9.4.6.4.2       Japan: Smart Mining Market, by Mining Type

9.4.6.4.3       Japan: Smart Mining Market, by Hardware Type

9.4.6.4.4       Japan: Smart Mining Market, by Software and Solution Type

9.4.6.5      South Korea: Smart Mining Market – Revenue and Forecast to 2027 (US$ Million)

9.4.6.5.1       South Korea: Smart Mining Market, by Component

9.4.6.5.2       South Korea: Smart Mining Market, by Mining Type

9.4.6.5.3       South Korea: Smart Mining Market, by Hardware Type

9.4.6.5.4       South Korea: Smart Mining Market, by Software and Solution Type

9.4.6.6      Rest of APAC: Smart Mining Market – Revenue and Forecast to 2027 (US$ Million)

9.4.6.6.1       Rest of APAC: Smart Mining Market, by Component

9.4.6.6.2       Rest of APAC: Smart Mining Market, by Mining Type

9.4.6.6.3       Rest of APAC: Smart Mining Market, by Hardware Type

9.4.6.6.4       Rest of APAC: Smart Mining Market, by Software and Solution Type

9.5       MEA: Smart Mining Market

9.5.1        MEA: Smart Mining Market – Revenue and Forecast to 2027 (US$ Million)

9.5.2        MEA: Smart Mining Market, by Component

9.5.3        MEA: Smart Mining Market, by Mining Type

9.5.4        MEA: Smart Mining Market, by Hardware Type

9.5.5        MEA: Smart Mining Market, by Software and Solution Type

9.5.6        MEA: Smart Mining Market, by Key Country

9.5.6.1      South Africa: Smart Mining Market – Revenue and Forecast to 2027 (US$ Million)

9.5.6.1.1       South Africa: Smart Mining Market, by Component

9.5.6.1.2       South Africa: Smart Mining Market, by Mining Type

9.5.6.1.3       South Africa: Smart Mining Market, by Hardware Type

9.5.6.1.4       South Africa: Smart Mining Market, by Software and Solution Type

9.5.6.2      Saudi Arabia: Smart Mining Market – Revenue and Forecast to 2027 (US$ Million)

9.5.6.2.1       Saudi Arabia: Smart Mining Market, by Component

9.5.6.2.2       Saudi Arabia: Smart Mining Market, by Mining Type

9.5.6.2.3       Saudi Arabia: Smart Mining Market, by Hardware Type

9.5.6.2.4       Saudi Arabia: Smart Mining Market, by Software and Solution Type

9.5.6.3      UAE: Smart Mining Market – Revenue and Forecast to 2027 (US$ Million)

9.5.6.3.1       UAE: Smart Mining Market, by Component

9.5.6.3.2       UAE: Smart Mining Market, by Mining Type

9.5.6.3.3       UAE: Smart Mining Market, by Hardware Type

9.5.6.3.4       UAE: Smart Mining Market, by Software and Solution Type

9.5.6.4      Rest of MEA: Smart Mining Market – Revenue and Forecast to 2027 (US$ Million)

9.5.6.4.1       Rest of MEA: Smart Mining Market, by Component

9.5.6.4.2       Rest of MEA: Smart Mining Market, by Mining Type

9.5.6.4.3       Rest of MEA: Smart Mining Market, by Hardware Type

9.5.6.4.4       Rest of MEA: Smart Mining Market, by Software and Solution Type

9.6       SAM: Smart Mining Market

9.6.1        SAM: Smart Mining Market – Revenue and Forecast to 2027 (US$ Million)

9.6.2        SAM: Smart Mining Market, by Component

9.6.3        SAM: Smart Mining Market, by Mining Type

9.6.4        SAM: Smart Mining Market, by Hardware Type

9.6.5        SAM: Smart Mining Market, by Software and Solution Type

9.6.6        SAM: Smart Mining Market, by Key Country

9.6.6.1      Brazil: Smart Mining Market – Revenue and Forecast to 2027 (US$ Million)

9.6.6.1.1       Brazil: Smart Mining Market, by Component

9.6.6.1.2       Brazil: Smart Mining Market, by Mining Type

9.6.6.1.3       Brazil: Smart Mining Market, by Hardware Type

9.6.6.1.4       Brazil: Smart Mining Market, by Software and Solution Type

9.6.6.2      Argentina: Smart Mining Market – Revenue and Forecast to 2027 (US$ Million)

9.6.6.2.1       Argentina: Smart Mining Market, by Component

9.6.6.2.2       Argentina: Smart Mining Market, by Mining Type

9.6.6.2.3       Argentina: Smart Mining Market, by Hardware Type

9.6.6.2.4       Argentina: Smart Mining Market, by Software and Solution Type

9.6.6.3      Rest of SAM: Smart Mining Market – Revenue and Forecast to 2027 (US$ Million)

9.6.6.3.1       Rest of SAM: Smart Mining Market, by Component

9.6.6.3.2       Rest of SAM: Smart Mining Market, by Mining Type

9.6.6.3.3       Rest of SAM: Smart Mining Market, by Hardware Type

9.6.6.3.4       Rest of SAM: Smart Mining Market, by Software and Solution Type

10.          Industry Landscape

10.1    Overview

10.2    Market Initiative

10.3    Merger and Acquisition

10.4    New Development

11.          Company Profiles

11.1    ABB Ltd.

11.1.1     Key Facts

11.1.2     Business Description

11.1.3     Products and Services

11.1.4     Financial Overview

11.1.5     SWOT Analysis

11.1.6     Key Developments

11.2    Alastri

11.2.1     Key Facts

11.2.2     Business Description

11.2.3     Products and Services

11.2.4     Financial Overview

11.2.5     SWOT Analysis

11.2.6     Key Developments

11.3    Caterpillar Inc.

11.3.1     Key Facts

11.3.2     Business Description

11.3.3     Products and Services

11.3.4     Financial Overview

11.3.5     SWOT Analysis

11.3.6     Key Developments

11.4    Intellisense.io

11.4.1     Key Facts

11.4.2     Business Description

11.4.3     Products and Services

11.4.4     Financial Overview

11.4.5     SWOT Analysis

11.4.6     Key Developments

11.5    Hexagon AB

11.5.1     Key Facts

11.5.2     Business Description

11.5.3     Products and Services

11.5.4     Financial Overview

11.5.5     SWOT Analysis

11.5.6     Key Developments

11.6    Hitachi, Ltd.

11.6.1     Key Facts

11.6.2     Business Description

11.6.3     Products and Services

11.6.4     Financial Overview

11.6.5     SWOT Analysis

11.6.6     Key Developments

11.7    MineSense

11.7.1     Key Facts

11.7.2     Business Description

11.7.3     Products and Services

11.7.4     Financial Overview

11.7.5     SWOT Analysis

11.7.6     Key Developments

11.8    Rockwell Automation, Inc.

11.8.1     Key Facts

11.8.2     Business Description

11.8.3     Products and Services

11.8.4     Financial Overview

11.8.5     SWOT Analysis

11.8.6     Key Developments

11.9    SAP SE

11.9.1     Key Facts

11.9.2     Business Description

11.9.3     Products and Services

11.9.4     Financial Overview

11.9.5     SWOT Analysis

11.9.6     Key Developments

11.10 Trimble Inc.

11.10.1   Key Facts

11.10.2   Business Description

11.10.3   Products and Services

11.10.4   Financial Overview

11.10.5   SWOT Analysis

11.10.6   Key Developments

12.          Appendix

12.1    About The Insight Partners

12.2    Word Index

LIST OF TABLES

Table 1.            Smart Mining Market –Revenue and Forecast to 2027 (US$ Million)

Table 2.            North America: Smart Mining Market, by Component – Revenue and Forecast to 2027 (US$ Million)

Table 3.            North America: Smart Mining Market, by Mining Type – Revenue and Forecast to 2027 (US$ Million)

Table 4.            North America: Smart Mining Market, by Hardware Type Industry – Revenue and Forecast to 2027 (US$ Million)

Table 5.            North America: Smart Mining Market, by Software and Solution Type Industry – Revenue and Forecast to 2027 (US$ Million)

Table 6.            US: Smart Mining Market, by Component –Revenue and Forecast to 2027 (US$ Million)

Table 7.            US: Smart Mining Market, by Mining Type –Revenue and Forecast to 2027 (US$ Million)

Table 8.            US: Smart Mining Market, by Hardware Type Industry –Revenue and Forecast to 2027 (US$ Million)

Table 9.            US: Smart Mining Market, by Software and Solution Type Industry –Revenue and Forecast to 2027 (US$ Million)

Table 10.         Canada: Smart Mining Market, by Component – Revenue and Forecast to 2027 (US$ Million)

Table 11.         Canada: Smart Mining Market, by Mining Type – Revenue and Forecast to 2027 (US$ Million)

Table 12.         Canada: Smart Mining Market, by Hardware Type – Revenue and Forecast to 2027 (US$ Million)

Table 13.         Canada: Smart Mining Market, by Software and Solution Type – Revenue and Forecast to 2027 (US$ Million)

Table 14.         Mexico: Smart Mining Market, by Component – Revenue and Forecast to 2027 (US$ Million)

Table 15.         Mexico: Smart Mining Market, by Mining Type – Revenue and Forecast to 2027 (US$ Million)

Table 16.         Mexico: Smart Mining Market, by Hardware Type – Revenue and Forecast to 2027 (US$ Million)

Table 17.         Mexico: Smart Mining Market, by Software and Solution Type – Revenue and Forecast to 2027 (US$ Million)

Table 18.         Europe: Smart Mining Market, by Component– Revenue and Forecast to 2027 (US$ Million)

Table 19.         Europe: Smart Mining Market, by Mining Type – Revenue and Forecast to 2027 (US$ Million)

Table 20.         Europe: Smart Mining Market, by Hardware Type– Revenue and Forecast to 2027 (US$ Million)

Table 21.         Europe: Smart Mining Market, by Software and Solution Type – Revenue and Forecast to 2027 (US$ Million)

Table 22.         Germany: Smart Mining Market, by Component – Revenue and Forecast to 2027 (US$ Million)

Table 23.         Germany: Smart Mining Market, by Mining Type – Revenue and Forecast to 2027 (US$ Million)

Table 24.         Germany: Smart Mining Market, by Hardware Type – Revenue and Forecast to 2027 (US$ Million)

Table 25.         Germany: Smart Mining Market, by Software and Solution Type – Revenue and Forecast to 2027 (US$ Million)

Table 26.         France: Smart Mining Market, by Component – Revenue and Forecast to 2027 (US$ Million)

Table 27.         France: Smart Mining Market, by Mining Type – Revenue and Forecast to 2027 (US$ Million)

Table 28.         France: Smart Mining Market, by Hardware Type – Revenue and Forecast to 2027 (US$ Million)

Table 29.         France: Smart Mining Market, by Software and Solution Type – Revenue and Forecast to 2027 (US$ Million)

Table 30.         Italy: Smart Mining Market, by Component – Revenue and Forecast to 2027 (US$ Million)

Table 31.         Italy: Smart Mining Market, by Mining Type – Revenue and Forecast to 2027 (US$ Million)

Table 32.         Italy: Smart Mining Market, by Hardware Type – Revenue and Forecast to 2027 (US$ Million)

Table 33.         Italy: Smart Mining Market, by Software and Solution Type – Revenue and Forecast to 2027 (US$ Million)

Table 34.         UK: Smart Mining Market, by Component – Revenue and Forecast to 2027 (US$ Million)

Table 35.         UK: Smart Mining Market, by Mining Type – Revenue and Forecast to 2027 (US$ Million)

Table 36.         UK: Smart Mining Market, by Hardware Type – Revenue and Forecast to 2027 (US$ Million)

Table 37.         UK: Smart Mining Market, by Software and Solution Type – Revenue and Forecast to 2027 (US$ Million)

Table 38.         Russia: Smart Mining Market, by Component – Revenue and Forecast to 2027 (US$ Million)

Table 39.         Russia: Smart Mining Market, by Mining Type – Revenue and Forecast to 2027 (US$ Million)

Table 40.         Russia: Smart Mining Market, by Hardware Type – Revenue and Forecast to 2027 (US$ Million)

Table 41.         Russia: Smart Mining Market, by Software and Solution Type – Revenue and Forecast to 2027 (US$ Million)

Table 42.         Rest of Europe: Smart Mining Market, by Component – Revenue and Forecast to 2027 (US$ Million)

Table 43.         Rest of Europe: Smart Mining Market, by Mining Type – Revenue and Forecast to 2027 (US$ Million)

Table 44.         Rest of Europe: Smart Mining Market, by Hardware Type – Revenue and Forecast to 2027 (US$ Million)

Table 45.         Rest of Europe: Smart Mining Market, by Software and Solution Type – Revenue and Forecast to 2027  (US$ Million)

Table 46.         APAC: Smart Mining Market, by Component – Revenue and Forecast to 2027 (US$ Million)

Table 47.         APAC: Smart Mining Market, by Mining Type – Revenue and Forecast to 2027 (US$ Million)

Table 48.         APAC: Smart Mining Market, by Hardware Type – Revenue and Forecast to 2027 (US$ Million)

Table 49.         APAC: Smart Mining Market, by Software and Solution Type – Revenue and Forecast to 2027 (US$ Million)

Table 50.         Australia: Smart Mining Market, by Component – Revenue and Forecast to 2027 (US$ Million)

Table 51.         Australia: Smart Mining Market, by Mining Type – Revenue and Forecast to 2027 (US$ Million)

Table 52.         Australia: Smart Mining Market, by Hardware Type – Revenue and Forecast to 2027 (US$ Million)

Table 53.         Australia: Smart Mining Market, by Software and Solution Type – Revenue and Forecast to 2027 (US$ Million)

Table 54.         China: Smart Mining Market, by Component – Revenue and Forecast to 2027 (US$ Million)

Table 55.         China: Smart Mining Market, by Mining Type – Revenue and Forecast to 2027 (US$ Million)

Table 56.         China: Smart Mining Market, by Hardware Type – Revenue and Forecast to 2027 (US$ Million)

Table 57.         China: Smart Mining Market, by Software and Solution Type – Revenue and Forecast to 2027 (US$ Million)

Table 58.         India: Smart Mining Market, by Component – Revenue and Forecast to 2027 (US$ Million)

Table 59.         India: Smart Mining Market, by Mining Type – Revenue and Forecast to 2027 (US$ Million)

Table 60.         India: Smart Mining Market, by Hardware Type – Revenue and Forecast to 2027 (US$ Million)

Table 61.         India: Smart Mining Market, by Software and Solution Type – Revenue and Forecast to 2027 (US$ Million)

Table 62.         Japan: Smart Mining Market, by Component – Revenue and Forecast to 2027 (US$ Million)

Table 63.         Japan: Smart Mining Market, by Mining Type – Revenue and Forecast to 2027 (US$ Million)

Table 64.         Japan: Smart Mining Market, by Hardware Type – Revenue and Forecast to 2027 (US$ Million)

Table 65.         Japan: Smart Mining Market, by Software and Solution Type – Revenue and Forecast to 2027 (US$ Million)

Table 66.         South Korea: Smart Mining Market, by Component – Revenue and Forecast to 2027 (US$ Million)

Table 67.         South Korea: Smart Mining Market, by Mining Type – Revenue and Forecast to 2027 (US$ Million)

Table 68.         South Korea: Smart Mining Market, by Hardware Type – Revenue and Forecast to 2027 (US$ Million)

Table 69.         South Korea: Smart Mining Market, by Software and Solution Type – Revenue and Forecast to 2027 (US$ Million)

Table 70.         Rest of APAC: Smart Mining Market, by Component – Revenue and Forecast to 2027 (US$ Million)

Table 71.         Rest of APAC: Smart Mining Market, by Mining Type – Revenue and Forecast to 2027 (US$ Million)

Table 72.         Rest of APAC: Smart Mining Market, by Hardware Type – Revenue and Forecast to 2027 (US$ Million)

Table 73.         Rest of APAC: Smart Mining Market, by Software and Solution Type – Revenue and Forecast to 2027  (US$ Million)

Table 74.         MEA: Smart Mining Market, by Mining Type – Revenue and Forecast to 2027 (US$ Million)

Table 75.         MEA: Smart Mining Market, by Mining Type – Revenue and Forecast to 2027 (US$ Million)

Table 76.         MEA: Smart Mining Market, by Hardware Type – Revenue and Forecast to 2027 (US$ Million)

Table 77.         MEA: Smart Mining Market, by Software and Solution Type – Revenue and Forecast to 2027 (US$ Million)

Table 78.         South Africa: Smart Mining Market, by Component – Revenue and Forecast to 2027 (US$ Million)

Table 79.         South Africa: Smart Mining Market, by Mining Type – Revenue and Forecast to 2027 (US$ Million)

Table 80.         South Africa: Smart Mining Market, by Hardware Type – Revenue and Forecast to 2027 (US$ Million)

Table 81.         South Africa: Smart Mining Market, by Software and Solution Type – Revenue and Forecast to 2027  (US$ Million)

Table 82.         South Africa: Smart Mining Market, by Component – Revenue and Forecast to 2027 (US$ Million)

Table 83.         South Africa: Smart Mining Market, by Mining Type – Revenue and Forecast to 2027 (US$ Million)

Table 84.         South Africa: Smart Mining Market, by Hardware Type – Revenue and Forecast to 2027 (US$ Million)

Table 85.         South Africa: Smart Mining Market, by Software and Solution Type – Revenue and Forecast to 2027  (US$ Million)

Table 86.         UAE: Smart Mining Market, by Component – Revenue and Forecast to 2027 (US$ Million)

Table 87.         UAE: Smart Mining Market, by Mining Type – Revenue and Forecast to 2027 (US$ Million)

Table 88.         UAE: Smart Mining Market, by Hardware Type – Revenue and Forecast to 2027 (US$ Million)

Table 89.         UAE: Smart Mining Market, by Software and Solution Type – Revenue and Forecast to 2027 (US$ Million)

Table 90.         Rest of MEA: Smart Mining Market, by Component – Revenue and Forecast to 2027 (US$ Million)

Table 91.         Rest of MEA: Smart Mining Market, by Mining Type – Revenue and Forecast to 2027 (US$ Million)

Table 92.         Rest of MEA: Smart Mining Market, by Hardware Type – Revenue and Forecast to 2027 (US$ Million)

Table 93.         Rest of MEA: Smart Mining Market, by Software and Solution Type – Revenue and Forecast to 2027  (US$ Million)

Table 94.         SAM: Smart Mining Market, by component Industry – Revenue and Forecast to 2027 (US$ Million)

Table 95.         SAM: Smart Mining Market, by Mining Type – Revenue and Forecast to 2027 (US$ Million)

Table 96.         SAM: Smart Mining Market, by Software and Solution Type – Revenue and Forecast to 2027 (US$ Million)

Table 97.         SAM: Smart Mining Market, by Software and Solution Type – Revenue and Forecast to 2027 (US$ Million)

Table 98.         Brazil: Smart Mining Market, by Component – Revenue and Forecast to 2027 (US$ Million)

Table 99.         Brazil: Smart Mining Market, by Mining Type – Revenue and Forecast to 2027 (US$ Million)

Table 100.      Brazil: Smart Mining Market, by Hardware Type – Revenue and Forecast to 2027 (US$ Million)

Table 101.      Brazil: Smart Mining Market, by Software and Solution Type – Revenue and Forecast to 2027 (US$ Million)

Table 102.      Argentina: Smart Mining Market, by Component – Revenue and Forecast to 2027 (US$ Million)

Table 103.      Argentina: Smart Mining Market, by Mining Type – Revenue and Forecast to 2027 (US$ Million)

Table 104.      Argentina: Smart Mining Market, by Hardware Type – Revenue and Forecast to 2027 (US$ Million)

Table 105.      Argentina: Smart Mining Market, by Software and Solution Type – Revenue and Forecast to 2027 (US$ Million)

Table 106.      Rest of SAM: Smart Mining Market, by Component – Revenue and Forecast to 2027 (US$ Million)

Table 107.      Rest of SAM: Smart Mining Market, by Mining Type – Revenue and Forecast to 2027 (US$ Million)

Table 108.      Rest of SAM: Smart Mining Market, by Hardware Type – Revenue and Forecast to 2027 (US$ Million)

Table 109.      Rest of SAM: Smart Mining Market, by Software and Solution Type – Revenue and Forecast to 2027  (US$ Million)

Table 110.      List of Abbreviation

LIST OF FIGURES

Figure 1.          Smart Mining Market Segmentation

Figure 2.          Smart Mining Market Segmentation – By Geography

Figure 3.          Global Smart Mining Market Geography Analysis

Figure 4.          Services to Show Remarkable Traction During Forecast Period

Figure 5.          Surface Mining to Dominate the Smart Mining Market

Figure 6.          Global Smart Mining Market, Industry Landscape

Figure 7.          North America – PEST Analysis

Figure 8.          Europe – PEST Analysis

Figure 9.          Asia Pacific – PEST Analysis

Figure 10.       Middle East and Africa – PEST Analysis

Figure 11.       South America – PEST Analysis

Figure 12.       Ecosystem Analysis

Figure 13.       Expert Opinion

Figure 14.       Smart Mining Market Impact Analysis of Drivers and Restraints

Figure 15.       Geographic Overview of Smart Mining Market

Figure 16.       Smart Mining Market – Revenue and Forecast to 2027 (US$ Million)

Figure 17.       Smart Mining Market Revenue Share, by Component (2019 and 2027)

Figure 18.       Hardware: Smart Mining Market – Revenue and Forecast to 2027 (US$ Million)

Figure 19.       RFID Tags: Smart Mining Market – Revenue and Forecast to 2027 (US$ Million)

Figure 20.       Sensors: Smart Mining Market – Revenue and Forecast to 2027 (US$ Million)

Figure 21.       Intelligent System: Smart Mining Market – Revenue and Forecast to 2027 (US$ Million)

Figure 22.       Others: Smart Mining Market – Revenue and Forecast to 2027 (US$ Million)

Figure 23.       Software & Solutions: Smart Mining Market – Revenue and Forecast to 2027 (US$ Million)

Figure 24.       Logistics Software : Smart Mining Market – Revenue and Forecast to 2027 (US$ Million)

Figure 25.       Data and Operation Management : Smart Mining Market – Revenue and Forecast to 2027 (US$ Million)

Figure 26.       Safety and Security Systems : Smart Mining Market – Revenue and Forecast to 2027 (US$ Million)

Figure 27.       Connectivity Solutions: Smart Mining Market – Revenue and Forecast to 2027 (US$ Million)

Figure 28.       Analytics Solutions: Smart Mining Market – Revenue and Forecast to 2027 (US$ Million)

Figure 29.       Remote Management Solutions: Smart Mining Market – Revenue and Forecast to 2027 (US$ Million)

Figure 30.       Asset Management Solutions: Smart Mining Market – Revenue and Forecast to 2027 (US$ Million)

Figure 31.       Services: Smart Mining Market – Revenue and Forecast to 2027 (US$ Million)

Figure 32.       Smart Mining Market Revenue Share, by Mining Type (2019 and 2027)

Figure 33.       Underground Mining: Smart Mining Market – Revenue and Forecast to 2027 (US$ Million)

Figure 34.       Surface Mining: Smart Mining Market – Revenue and Forecast to 2027 (US$ Million)

Figure 35.       Global Smart Mining Market Revenue Share, by Region (2019 and 2027)

Figure 36.       North America: Smart Mining Market – Revenue and Forecast to 2027 (US$ Million)

Figure 37.       North America: Smart Mining Market Revenue Share, by Component (2019 and 2027)

Figure 38.       North America: Smart Mining Market Revenue Share, by Mining Type (2019 and 2027)

Figure 39.       North America: Smart Mining Market Revenue Share, by Hardware Type Industry (2019 and 2027)

Figure 40.       North America: Smart Mining Market Revenue Share, by Software and Solution Type Industry (2019 and 2027)

Figure 41.       North America: Smart Mining Market Revenue Share, by Key Country (2019 and 2027)

Figure 42.       US: Smart Mining Market – Revenue and Forecast to 2027 (US$ Million)

Figure 43.       Canada: Smart Mining Market – Revenue and Forecast to 2027 (US$ Million)

Figure 44.       Mexico: Smart Mining Market – Revenue and Forecast to 2027 (US$ Million)

Figure 45.       Europe: Smart Mining Market – Revenue and Forecast to 2027 (US$ Million)

Figure 46.       Europe: Smart Mining Market Revenue Share, by Component (2019 and 2027)

Figure 47.       Europe: Smart Mining Market Revenue Share, by Mining Type (2019 and 2027)

Figure 48.       Europe: Smart Mining Market Revenue Share, by Hardware Type (2019 and 2027)

Figure 49.       Europe: Smart Mining Market Revenue Share, by Software and Solution Type (2019 and 2027)

Figure 50.       Europe: Smart Mining Market Revenue Share, by Key Country (2019 and 2027)

Figure 51.       Germany: Smart Mining Market – Revenue and Forecast to 2027 (US$ Million)

Figure 52.       France: Smart Mining Market – Revenue and Forecast to 2027 (US$ Million)

Figure 53.       Italy: Smart Mining Market – Revenue and Forecast to 2027 (US$ Million)

Figure 54.       UK: Smart Mining Market – Revenue and Forecast to 2027 (US$ Million)

Figure 55.       Russia: Smart Mining Market – Revenue and Forecast to 2027 (US$ Million)

Figure 56.       Rest of Europe: Smart Mining Market – Revenue and Forecast to 2027 (US$ Million)

Figure 57.       APAC: Smart Mining Market – Revenue and Forecast to 2027 (US$ Million)

Figure 58.       APAC: Smart Mining Market Revenue Share, by Component (2019 and 2027)

Figure 59.       APAC: Smart Mining Market Revenue Share, by Mining Type (2019 and 2027)

Figure 60.       APAC: Smart Mining Market Revenue Share, by Hardware Type (2019 and 2027)

Figure 61.       APAC: Smart Mining Market Revenue Share, by Software and Solution Type (2019 and 2027)

Figure 62.       APAC: Smart Mining Market Revenue Share, by Key Country (2019 and 2027)

Figure 63.       Australia: Smart Mining Market – Revenue and Forecast to 2027 (US$ Million)

Figure 64.       China: Smart Mining Market – Revenue and Forecast to 2027 (US$ Million)

Figure 65.       India: Smart Mining Market – Revenue and Forecast to 2027 (US$ Million)

Figure 66.       Japan: Smart Mining Market – Revenue and Forecast to 2027 (US$ Million)

Figure 67.       South Korea: Smart Mining Market – Revenue and Forecast to 2027 (US$ Million)

Figure 68.       Rest of APAC: Smart Mining Market – Revenue and Forecast to 2027 (US$ Million)

Figure 69.       MEA: Smart Mining Market – Revenue and Forecast to 2027 (US$ Million)

Figure 70.       MEA: Smart Mining Market Revenue Share, by Component (2019 and 2027)

Figure 71.       MEA: Smart Mining Market Revenue Share, by Mining Type (2019 and 2027)

Figure 72.       MEA: Smart Mining Market Revenue Share, by Hardware Type (2019 and 2027)

Figure 73.       MEA: Smart Mining Market Revenue Share, by Software and Solution Type (2019 and 2027)

Figure 74.       MEA: Smart Mining Market Revenue Share, by Key Country (2019 and 2027)

Figure 75.       South Africa: Smart Mining Market – Revenue and Forecast to 2027 (US$ Million)

Figure 76.       Saudi Arabia: Smart Mining Market – Revenue and Forecast to 2027 (US$ Million)

Figure 77.       UAE: Smart Mining Market – Revenue and Forecast to 2027 (US$ Million)

Figure 78.       Rest of MEA: Smart Mining Market – Revenue and Forecast to 2027 (US$ Million)

Figure 79.       SAM: Smart Mining Market – Revenue and Forecast to 2027 (US$ Million)

Figure 80.       SAM: Smart Mining Market Revenue Share, by Component (2019 and 2027)

Figure 81.       SAM: Smart Mining Market Revenue Share, by Mining Type (2019 and 2027)

Figure 82.       SAM: Smart Mining Market Revenue Share, by Hardware Type (2019 and 2027)

Figure 83.       SAM: Smart Mining Market Revenue Share, by Software and Solution Type (2019 and 2027)

Figure 84.       SAM: Smart Mining Market Revenue Share, by Key Country (2019 and 2027)

Figure 85.       Brazil: Smart Mining Market – Revenue and Forecast to 2027 (US$ Million)

Figure 86.       Argentina: Smart Mining Market – Revenue and Forecast to 2027 (US$ Million)

Figure 87.       Rest of SAM: Smart Mining Market – Revenue and Forecast to 2027 (US$ Million)

 

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.
  • Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the global smart mining market
  • Highlights key business priorities in order to assist companies to realign their business strategies
  • The key findings and recommendations highlight crucial progressive industry trends in the global smart mining market, thereby allowing players across the value chain to develop effective long-term strategies
  • Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
  • Scrutinize in-depth globalmarket trends and outlook coupled with the factors driving the market, as well as those hindering it
  • Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing and distribution

 

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Frequently Asked Questions

The APAC region led the Smart Mining market in 2019. Rapid technological developments and government support, as well as digitalization of the economy and rising disposable income of the middle-income class group, are among the factors that help the economy move forward from the developing to a developed phase. APAC integrates the smart mining industry within the life cycle of the global economy more quickly than perhaps anywhere else in the world.

The growing need to keep the workforce safe is one of the major factor driving the smart mining market. As, mining area is one of the hazardous places for people to work, and the security of the workers is a crucial issue. For example, when dams fail, both workers and those around mines are affected, or even lose their lives. In the U.S. alone, there were more 400 fatalities between 2008 and 2018. . The advanced smart mining technologies help minimize the threat and damage caused during mining operations. Specific uses of IoT in mining include adding up of sensors to mining equipment to communicate and monitor the data in real-time and keep the workers safer. Sensors can also be attached to the workers’ clothing to monitor their health by tracking and transmitting data about their physical health and condition and can also raise alerts at the time of accidents.

Hardware segment led the smart mining market by component. In recent years, wearable devices have been noted to find applications in the mining industry to regulate production processes in hard rock mines, health and safety management in coal mines, and monitor environmental quality in industrial mineral mines. For example, a smart safety helmet has been developed with methane and carbon monoxide gas sensors to warn underground coal mine workers when the concentration of harmful gases exceeds a given limit. Further, the hardware component can be further categorized into: RFID Tags, Sensors, Intelligent Systems, and Others.

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