New

Smart Mining Market

2021

Smart Mining Market Forecast to 2028 - COVID-19 Impact and Global Analysis By Component (Hardware, Software and Solution, and Service) and Mining Type (Underground Mining and Surface Mining)

Publication Month: Jul 2021 | Report Code: TIPRE00007870 | No. of Pages: 181 | Category: Electronics and Semiconductor | Status: Published

Market Insights

Smart Mining Market to Grow at a CAGR of 13.3% to reach US$ 23,055.4 million from 2021 to 2028

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The smart mining market was valued at US$ 9,334.5 million in 2020 and is projected to reach US$ 23,055.4 million by 2028; it is expected to grow at a CAGR of 13.3% from 2021 to 2028.

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 is projected to cut down high costs of the workforce, and hence result in considerable cost optimization. These factors are boosting the demand for smart mining. Smart mines with already incorporated technologies can automate their operations faster than those lacking technological adoption. By the implementation of advanced technologies, mining operators can expand their current wireless network of embedded sensors.

Digitizing a mine by installing a wireless sensor network to perform remote readings can facilitate further digitization such as atomization of key mining processes. Wireless monitoring and predictive maintenance, with the help of Operational Intelligence (OI) technologies, enable mining operators to track operational properties, such as dams, to overcome the risk associated with mining and other crucial tasks. In real time, the digital data collection process is replacing the manual collection of data in the operational site.

APAC dominated the smart mining market in 2020. APAC is the largest continent in the world and is well-known for its technological innovations. 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. 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 industry in APAC is mainly driven by the rising demand for technological equipment, coupled with the pressing infrastructure needs of miners.

Impact of COVID-19 Pandemic on Smart Mining Market

The COVID-19 outbreak has severely disrupted the supply chain and manufacturing of mining equipment, including the hardware component of mining. The emergence of COVID-19 across the globe, followed by lockdown scenarios, has led the mining industry experts to analyze that the industry would face at least a quarter of lag in mining equipment supply chain. This disruption is expected to create tremors till mid-2021. The mining industry is likely to pick up pace soon after the governments across the globe steadily lift the various containment measures in order to revive the economy. The production of the mining equipment is anticipated to gain pace from 2022, which is further foreseen to positively influence the mining industry, including hardware components of mining.

Lucrative Regions for Smart Mining Market

Lucrative Regions for Smart Mining Market

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Market Insights

Growing Need to Keep the Workforce Safe

The 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 US alone, there were more 400 fatalities between 2008 and 2018. Figures remain challenging to confirm but estimates suggest that mining accidents are responsible for nearly 12,000 deaths per year, and according to the International Labour Organization (ILO), mining around the world employs ~1% of the global workforce but is responsible for 8% of fatal accidents. Workers conducting manual readings in remote mining sites are at risk of harm. The implementation of automated mobile assets such as vehicles, wireless gadgets, and remote sensors in mining sites reduce the need for workforce on-site, which, in turn, increases the protection level of workers. Predictive analysis and observations also enable mining operators to anticipate and avoid dangerous accidents. Workforce monitoring, with the help of wireless wearable devices, often facilitates operators to efficiently organize their staff and keep workers away from the risky region of the mining site. 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.

Smart Mining Market, by Mining Type (% share)

Smart Mining Market, by Mining Type (% share)

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Component-Based Market Insights

Based on component, the global smart mining market is segmented into hardware, software and solution, and service. The mining operations often take place in extreme environments and remote locations. Most smart mining devices, such as wireless embedded sensors and GPS trackers, are both easy to install and carry. For example, recording systems for wireless monitoring of mines are usually classified as "ultralow-power," which means that their batteries are equivalent to a single car battery, but can provide sufficient power for continuous operation of more than 50 days.

Mining Type -Based Market Insights

Based on mining type, the smart mining market is segmented into underground mining and surface mining. Smart mining operators can build on their existing wireless network of embedded sensors. For example, on the installation of automated software, the user can remotely control both static and moving assets. Similarly, computerized trucks rely on both the physical network of sensors and the remotely programmed and controlled software to autonomously carry out mining operations that previously needed a fleet of truck drivers.

Strategic Insights

Product development is the commonly adopted strategy by companies to expand their product portfolio. ABB Ltd.; Alastri; Caterpillar Inc.; Intellisense.io; Hitachi, Ltd.; MineSense; Rockwell Automation, Inc.; SAP SE; Trimble Inc. are among the key players implementing strategies to enlarge the customer base and gain significant share in the global smart mining market, which, in turn, permits them to maintain their brand name. A few of the recent key developments are:

  • In June 2020, Trimble introduced the Trimble SX12 Scanning Total Station.
  • In January 2021, ABB delivered trolley assist solution to meet Copper Mountain Mining’s sustainable development goals in Canada.

Smart Mining Market Segmentation:


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

Company 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

5.1.3 Growth in mining projects

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 2028 (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 (2020 and 2028)

7.3 Hardware

7.3.1 Overview

7.3.2 Hardware: Smart Mining Market – Revenue and Forecast to 2028 (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 2028 (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 2028 (US$ Million)

8. Smart Mining Market – By Mining Type

8.1 Overview

8.2 Smart Mining Market Breakdown, by Mining Type (2020 and 2028)

8.3 Underground Mining

8.3.1 Overview

8.3.2 Underground Mining: Smart Mining Market – Revenue and Forecast to 2028 (US$ Million)

8.4 Surface Mining

8.4.1 Overview

8.4.2 Surface Mining: Smart Mining Market – Revenue and Forecast to 2028 (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 2028 (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 Key Country

9.2.4.1 US: Smart Mining Market – Revenue and Forecast to 2028 (US$ Million)

9.2.4.1.1 US: Smart Mining Market, by Component

9.2.4.1.2 US: Smart Mining Market, by Hardware

9.2.4.1.3 US: Smart Mining Market, by Software and Solution

9.2.4.1.4 US: Smart Mining Market, by Mining Type

9.2.4.2 Canada: Smart Mining Market – Revenue and Forecast to 2028 (US$ Million)

9.2.4.2.1 Canada: Smart Mining Market, by Component

9.2.4.2.2 Canada: Smart Mining Market, by Hardware

9.2.4.2.3 Canada: Smart Mining Market, by Software and Solution

9.2.4.2.4 Canada: Smart Mining Market, by Mining Type

9.2.4.3 Mexico: Smart Mining Market – Revenue and Forecast to 2028 (US$ Million)

9.2.4.3.1 Mexico: Smart Mining Market, by Component

9.2.4.3.2 Mexico: Smart Mining Market, by Hardware

9.2.4.3.3 Mexico: Smart Mining Market, by Software and Solution

9.2.4.3.4 Mexico: Smart Mining Market, by Mining Type

9.3 Europe: Smart Mining Market

9.3.1 Europe: Smart Mining Market – Revenue and Forecast to 2028 (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 Key Country

9.3.4.1 Germany: Smart Mining Market – Revenue and Forecast to 2028 (US$ Million)

9.3.4.1.1 Germany: Smart Mining Market, by Component

9.3.4.1.2 Germany: Smart Mining Market, by Hardware

9.3.4.1.3 Germany: Smart Mining Market, by Software and Solution

9.3.4.1.4 Germany: Smart Mining Market, by Mining Type

9.3.4.2 France: Smart Mining Market – Revenue and Forecast to 2028 (US$ Million)

9.3.4.2.1 France: Smart Mining Market, by Component

9.3.4.2.2 France: Smart Mining Market, by Hardware

9.3.4.2.3 France: Smart Mining Market, by Software and Solution

9.3.4.2.4 France: Smart Mining Market, by Mining Type

9.3.4.3 Italy: Smart Mining Market – Revenue and Forecast to 2028 (US$ Million)

9.3.4.3.1 Italy: Smart Mining Market, by Component

9.3.4.3.2 Italy: Smart Mining Market, by Hardware

9.3.4.3.3 Italy: Smart Mining Market, by Software and Solution

9.3.4.3.4 Italy: Smart Mining Market, by Mining Type

9.3.4.4 UK: Smart Mining Market – Revenue and Forecast to 2028 (US$ Million)

9.3.4.4.1 UK: Smart Mining Market, by Component

9.3.4.4.2 UK: Smart Mining Market, by Hardware

9.3.4.4.3 UK: Smart Mining Market, by Software and Solution

9.3.4.4.4 UK: Smart Mining Market, by Mining Type

9.3.4.5 Russia: Smart Mining Market – Revenue and Forecast to 2028 (US$ Million)

9.3.4.5.1 Russia: Smart Mining Market, by Component

9.3.4.5.2 Russia: Smart Mining Market, by Hardware

9.3.4.5.3 Russia: Smart Mining Market, by Software and Solution

9.3.4.5.4 Russia: Smart Mining Market, by Mining Type

9.3.4.6 Rest of Europe: Smart Mining Market – Revenue and Forecast to 2028 (US$ Million)

9.3.4.6.1 Rest of Europe: Smart Mining Market, by Component

9.3.4.6.2 Rest of Europe: Smart Mining Market, by Hardware

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

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

9.4 APAC: Smart Mining Market

9.4.1 APAC: Smart Mining Market – Revenue and Forecast to 2028 (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 Key Country

9.4.4.1 Australia: Smart Mining Market – Revenue and Forecast to 2028 (US$ Million)

9.4.4.1.1 Australia: Smart Mining Market, by Component

9.4.4.1.2 Australia: Smart Mining Market, by Hardware

9.4.4.1.3 Australia: Smart Mining Market, by Software and Solution

9.4.4.1.4 Australia: Smart Mining Market, by Mining Type

9.4.4.2 China: Smart Mining Market – Revenue and Forecast to 2028 (US$ Million)

9.4.4.2.1 China: Smart Mining Market, by Component

9.4.4.2.2 China: Smart Mining Market, by Hardware

9.4.4.2.3 China: Smart Mining Market, by Software and Solution

9.4.4.2.4 China: Smart Mining Market, by Mining Type

9.4.4.3 India: Smart Mining Market – Revenue and Forecast to 2028 (US$ Million)

9.4.4.3.1 India: Smart Mining Market, by Component

9.4.4.3.2 India: Smart Mining Market, by Hardware

9.4.4.3.3 India: Smart Mining Market, by Software and Solution

9.4.4.3.4 India: Smart Mining Market, by Mining Type

9.4.4.4 Japan: Smart Mining Market – Revenue and Forecast to 2028 (US$ Million)

9.4.4.4.1 Japan: Smart Mining Market, by Component

9.4.4.4.2 Japan: Smart Mining Market, by Hardware

9.4.4.4.3 Japan: Smart Mining Market, by Software and Solution

9.4.4.4.4 Japan: Smart Mining Market, by Mining Type

9.4.4.5 South Korea: Smart Mining Market – Revenue and Forecast to 2028 (US$ Million)

9.4.4.5.1 South Korea: Smart Mining Market, by Component

9.4.4.5.2 South Korea: Smart Mining Market, by Hardware

9.4.4.5.3 South Korea: Smart Mining Market, by Software and Solution

9.4.4.5.4 South Korea: Smart Mining Market, by Mining Type

9.4.4.6 Rest of APAC: Smart Mining Market – Revenue and Forecast to 2028 (US$ Million)

9.4.4.6.1 Rest of APAC: Smart Mining Market, by Component

9.4.4.6.2 Rest of APAC: Smart Mining Market, by Hardware

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

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

9.5 MEA: Smart Mining Market

9.5.1 MEA: Smart Mining Market – Revenue and Forecast to 2028 (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 Key Country

9.5.4.1 South Africa: Smart Mining Market – Revenue and Forecast to 2028 (US$ Million)

9.5.4.1.1 South Africa: Smart Mining Market, by Component

9.5.4.1.2 South Africa: Smart Mining Market, by Hardware

9.5.4.1.3 South Africa: Smart Mining Market, by Software and Solution

9.5.4.1.4 South Africa: Smart Mining Market, by Mining Type

9.5.4.2 Saudi Arabia: Smart Mining Market – Revenue and Forecast to 2028 (US$ Million)

9.5.4.2.1 Saudi Arabia: Smart Mining Market, by Component

9.5.4.2.2 Saudi Arabia: Smart Mining Market, by Hardware

9.5.4.2.3 Saudi Arabia: Smart Mining Market, by Software and Solution

9.5.4.2.4 Saudi Arabia: Smart Mining Market, by Mining Type

9.5.4.3 UAE: Smart Mining Market – Revenue and Forecast to 2028 (US$ Million)

9.5.4.3.1 UAE: Smart Mining Market, by Component

9.5.4.3.2 UAE: Smart Mining Market, by Hardware

9.5.4.3.3 UAE: Smart Mining Market, by Software and Solution

9.5.4.3.4 UAE: Smart Mining Market, by Mining Type

9.5.4.4 Rest of MEA: Smart Mining Market – Revenue and Forecast to 2028 (US$ Million)

9.5.4.4.1 Rest of MEA: Smart Mining Market, by Component

9.5.4.4.2 Rest of MEA: Smart Mining Market, by Hardware

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

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

9.6 SAM: Smart Mining Market

9.6.1 SAM: Smart Mining Market – Revenue and Forecast to 2028 (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 Key Country

9.6.4.1 Brazil: Smart Mining Market – Revenue and Forecast to 2028 (US$ Million)

9.6.4.1.1 Brazil: Smart Mining Market, by Component

9.6.4.1.2 Brazil: Smart Mining Market, by Hardware

9.6.4.1.3 Brazil: Smart Mining Market, by Software and Solution

9.6.4.1.4 Brazil: Smart Mining Market, by Mining Type

9.6.4.2 Argentina: Smart Mining Market – Revenue and Forecast to 2028 (US$ Million)

9.6.4.2.1 Argentina: Smart Mining Market, by Component

9.6.4.2.2 Argentina: Smart Mining Market, by Hardware

9.6.4.2.3 Argentina: Smart Mining Market, by Software and Solution

9.6.4.2.4 Argentina: Smart Mining Market, by Mining Type

9.6.4.3 Rest of SAM: Smart Mining Market – Revenue and Forecast to 2028 (US$ Million)

9.6.4.3.1 Rest of SAM: Smart Mining Market, by Component

9.6.4.3.2 Rest of SAM: Smart Mining Market, by Hardware

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

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

10. Impact Of COVID-19 Pandemic

10.1 Impact of COVID-19 Pandemic on Global Smart Mining Market

10.1.1 North America: Impact Assessment of COVID-19 Pandemic

10.1.2 Europe: Impact Assessment of COVID-19 Pandemic

10.1.3 Asia Pacific: Impact Assessment of COVID-19 Pandemic

10.1.4 Middle East and Africa: Impact Assessment of COVID-19 Pandemic

10.1.5 South America: Impact Assessment of COVID-19 Pandemic

11. Industry Landscape

11.1 Overview

11.2 Market Initiative

11.3 Merger and Acquisition

11.4 New Development

12. Company Profiles

12.1 ABB Ltd.

12.1.1 Key Facts

12.1.2 Business Description

12.1.3 Products and Services

12.1.4 Financial Overview

12.1.5 SWOT Analysis

12.1.6 Key Developments

12.2 Alastri

12.2.1 Key Facts

12.2.2 Business Description

12.2.3 Products and Services

12.2.4 Financial Overview

12.2.5 SWOT Analysis

12.2.6 Key Developments

12.3 Caterpillar Inc.

12.3.1 Key Facts

12.3.2 Business Description

12.3.3 Products and Services

12.3.4 Financial Overview

12.3.5 SWOT Analysis

12.3.6 Key Developments

12.4 Hexagon AB

12.4.1 Key Facts

12.4.2 Business Description

12.4.3 Products and Services

12.4.4 Financial Overview

12.4.5 SWOT Analysis

12.4.6 Key Developments

12.5 Intellisense.io

12.5.1 Key Facts

12.5.2 Business Description

12.5.3 Products and Services

12.5.4 Financial Overview

12.5.5 SWOT Analysis

12.5.6 Key Developments

12.6 Hitachi, Ltd.

12.6.1 Key Facts

12.6.2 Business Description

12.6.3 Products and Services

12.6.4 Financial Overview

12.6.5 SWOT Analysis

12.6.6 Key Developments

12.7 MineSense

12.7.1 Key Facts

12.7.2 Business Description

12.7.3 Products and Services

12.7.4 SWOT Analysis

12.7.5 Key Developments

12.8 Rockwell Automation, Inc.

12.8.1 Key Facts

12.8.2 Business Description

12.8.3 Products and Services

12.8.4 Financial Overview

12.8.5 SWOT Analysis

12.8.6 Key Developments

12.9 SAP SE

12.9.1 Key Facts

12.9.2 Business Description

12.9.3 Products and Services

12.9.4 Financial Overview

12.9.5 SWOT Analysis

12.9.6 Key Developments

12.10 Trimble Inc.

12.10.1 Key Facts

12.10.2 Business Description

12.10.3 Products and Services

12.10.4 Financial Overview

12.10.5 SWOT Analysis

12.10.6 Key Developments

13. Appendix

13.1 About The Insight Partners

13.2 Word Index

LIST OF TABLES

Table 1. Smart Mining Market –Revenue and Forecast to 2028 (US$ Million)

Table 2. North America: Smart Mining Market, by Component – Revenue and Forecast to 2028 (US$ Million)

Table 3. North America: Smart Mining Market, by Hardware – Revenue and Forecast to 2028 (US$ Million)

Table 4. North America: Smart Mining Market, by Software and Solution – Revenue and Forecast to 2028 (US$ Million)

Table 5. North America: Smart Mining Market, by Mining Type – Revenue and Forecast to 2028 (US$ Million)

Table 6. US: Smart Mining Market, by Component –Revenue and Forecast to 2028 (US$ Million)

Table 7. US: Smart Mining Market, by Hardware –Revenue and Forecast to 2028 (US$ Million)

Table 8. US: Smart Mining Market, by Software and Solution –Revenue and Forecast to 2028 (US$ Million)

Table 9. US: Smart Mining Market, by Mining Type –Revenue and Forecast to 2028 (US$ Million)

Table 10. Canada: Smart Mining Market, by Component – Revenue and Forecast to 2028 (US$ Million)

Table 11. Canada: Smart Mining Market, by Hardware – Revenue and Forecast to 2028 (US$ Million)

Table 12. Canada: Smart Mining Market, by Software and Solution – Revenue and Forecast to 2028 (US$ Million)

Table 13. Canada: Smart Mining Market, by Mining Type – Revenue and Forecast to 2028 (US$ Million)

Table 14. Mexico: Smart Mining Market, by Component – Revenue and Forecast to 2028 (US$ Million)

Table 15. Mexico: Smart Mining Market, by Hardware – Revenue and Forecast to 2028 (US$ Million)

Table 16. Mexico: Smart Mining Market, by Software and Solution – Revenue and Forecast to 2028 (US$ Million)

Table 17. Mexico: Smart Mining Market, by Mining Type – Revenue and Forecast to 2028 (US$ Million)

Table 18. Europe: Smart Mining Market, by Component– Revenue and Forecast to 2028 (US$ Million)

Table 19. Europe: Smart Mining Market, by Hardware– Revenue and Forecast to 2028 (US$ Million)

Table 20. Europe: Smart Mining Market, by Software and Solution – Revenue and Forecast to 2028 (US$ Million)

Table 21. Europe: Smart Mining Market, by Mining Type – Revenue and Forecast to 2028 (US$ Million)

Table 22. Germany: Smart Mining Market, by Component – Revenue and Forecast to 2028 (US$ Million)

Table 23. Germany: Smart Mining Market, by Hardware – Revenue and Forecast to 2028 (US$ Million)

Table 24. Germany: Smart Mining Market, by Software and Solution – Revenue and Forecast to 2028 (US$ Million)

Table 25. Germany: Smart Mining Market, by Mining Type – Revenue and Forecast to 2028 (US$ Million)

Table 26. France: Smart Mining Market, by Component – Revenue and Forecast to 2028 (US$ Million)

Table 27. France: Smart Mining Market, by Hardware – Revenue and Forecast to 2028 (US$ Million)

Table 28. France: Smart Mining Market, by Software and Solution – Revenue and Forecast to 2028 (US$ Million)

Table 29. France: Smart Mining Market, by Mining Type – Revenue and Forecast to 2028 (US$ Million)

Table 30. Italy: Smart Mining Market, by Component – Revenue and Forecast to 2028 (US$ Million)

Table 31. Italy: Smart Mining Market, by Hardware – Revenue and Forecast to 2028 (US$ Million)

Table 32. Italy: Smart Mining Market, by Software and Solution – Revenue and Forecast to 2028 (US$ Million)

Table 33. Italy: Smart Mining Market, by Mining Type – Revenue and Forecast to 2028 (US$ Million)

Table 34. UK: Smart Mining Market, by Component – Revenue and Forecast to 2028 (US$ Million)

Table 35. UK: Smart Mining Market, by Hardware – Revenue and Forecast to 2028 (US$ Million)

Table 36. UK: Smart Mining Market, by Software and Solution – Revenue and Forecast to 2028 (US$ Million)

Table 37. UK: Smart Mining Market, by Mining Type – Revenue and Forecast to 2028 (US$ Million)

Table 38. Russia: Smart Mining Market, by Component – Revenue and Forecast to 2028 (US$ Million)

Table 39. Russia: Smart Mining Market, by Hardware – Revenue and Forecast to 2028 (US$ Million)

Table 40. Russia: Smart Mining Market, by Software and Solution – Revenue and Forecast to 2028 (US$ Million)

Table 41. Russia: Smart Mining Market, by Mining Type – Revenue and Forecast to 2028 (US$ Million)

Table 42. Rest of Europe: Smart Mining Market, by Component – Revenue and Forecast to 2028 (US$ Million)

Table 43. Rest of Europe: Smart Mining Market, by Hardware – Revenue and Forecast to 2028 (US$ Million)

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

Table 45. Rest of Europe: Smart Mining Market, by Mining Type – Revenue and Forecast to 2028 (US$ Million)

Table 46. APAC: Smart Mining Market, by Component – Revenue and Forecast to 2028 (US$ Million)

Table 47. APAC: Smart Mining Market, by Hardware – Revenue and Forecast to 2028 (US$ Million)

Table 48. APAC: Smart Mining Market, by Software and Solution – Revenue and Forecast to 2028 (US$ Million)

Table 49. APAC: Smart Mining Market, by Mining Type – Revenue and Forecast to 2028 (US$ Million)

Table 50. Australia: Smart Mining Market, by Component – Revenue and Forecast to 2028 (US$ Million)

Table 51. Australia: Smart Mining Market, by Hardware – Revenue and Forecast to 2028 (US$ Million)

Table 52. Australia: Smart Mining Market, by Software and Solution – Revenue and Forecast to 2028 (US$ Million)

Table 53. Australia: Smart Mining Market, by Mining Type – Revenue and Forecast to 2028 (US$ Million)

Table 54. China: Smart Mining Market, by Component – Revenue and Forecast to 2028 (US$ Million)

Table 55. China: Smart Mining Market, by Hardware – Revenue and Forecast to 2028 (US$ Million)

Table 56. China: Smart Mining Market, by Software and Solution – Revenue and Forecast to 2028 (US$ Million)

Table 57. China: Smart Mining Market, by Mining Type – Revenue and Forecast to 2028 (US$ Million)

Table 58. India: Smart Mining Market, by Component – Revenue and Forecast to 2028 (US$ Million)

Table 59. India: Smart Mining Market, by Hardware – Revenue and Forecast to 2028 (US$ Million)

Table 60. India: Smart Mining Market, by Software and Solution – Revenue and Forecast to 2028 (US$ Million)

Table 61. India: Smart Mining Market, by Mining Type – Revenue and Forecast to 2028 (US$ Million)

Table 62. Japan: Smart Mining Market, by Component – Revenue and Forecast to 2028 (US$ Million)

Table 63. Japan: Smart Mining Market, by Hardware – Revenue and Forecast to 2028 (US$ Million)

Table 64. Japan: Smart Mining Market, by Software and Solution – Revenue and Forecast to 2028 (US$ Million)

Table 65. Japan: Smart Mining Market, by Mining Type – Revenue and Forecast to 2028 (US$ Million)

Table 66. South Korea: Smart Mining Market, by Component – Revenue and Forecast to 2028 (US$ Million)

Table 67. South Korea: Smart Mining Market, by Hardware – Revenue and Forecast to 2028 (US$ Million)

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

Table 69. South Korea: Smart Mining Market, by Mining Type – Revenue and Forecast to 2028 (US$ Million)

Table 70. Rest of APAC: Smart Mining Market, by Component – Revenue and Forecast to 2028 (US$ Million)

Table 71. Rest of APAC: Smart Mining Market, by Hardware – Revenue and Forecast to 2028 (US$ Million)

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

Table 73. Rest of APAC: Smart Mining Market, by Mining Type – Revenue and Forecast to 2028 (US$ Million)

Table 74. MEA: Smart Mining Market, by Mining Type – Revenue and Forecast to 2028 (US$ Million)

Table 75. MEA: Smart Mining Market, by Hardware – Revenue and Forecast to 2028 (US$ Million)

Table 76. MEA: Smart Mining Market, by Software and Solution – Revenue and Forecast to 2028 (US$ Million)

Table 77. MEA: Smart Mining Market, by Mining Type – Revenue and Forecast to 2028 (US$ Million)

Table 78. South Africa: Smart Mining Market, by Component – Revenue and Forecast to 2028 (US$ Million)

Table 79. South Africa: Smart Mining Market, by Hardware – Revenue and Forecast to 2028 (US$ Million)

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

Table 81. South Africa: Smart Mining Market, by Mining Type – Revenue and Forecast to 2028 (US$ Million)

Table 82. South Africa: Smart Mining Market, by Component – Revenue and Forecast to 2028 (US$ Million)

Table 83. South Africa: Smart Mining Market, by Hardware – Revenue and Forecast to 2028 (US$ Million)

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

Table 85. South Africa: Smart Mining Market, by Mining Type – Revenue and Forecast to 2028 (US$ Million)

Table 86. UAE: Smart Mining Market, by Component – Revenue and Forecast to 2028 (US$ Million)

Table 87. UAE: Smart Mining Market, by Hardware – Revenue and Forecast to 2028 (US$ Million)

Table 88. UAE: Smart Mining Market, by Software and Solution – Revenue and Forecast to 2028 (US$ Million)

Table 89. UAE: Smart Mining Market, by Mining Type – Revenue and Forecast to 2028 (US$ Million)

Table 90. Rest of MEA: Smart Mining Market, by Component – Revenue and Forecast to 2028 (US$ Million)

Table 91. Rest of MEA: Smart Mining Market, by Hardware – Revenue and Forecast to 2028 (US$ Million)

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

Table 93. Rest of MEA: Smart Mining Market, by Mining Type – Revenue and Forecast to 2028 (US$ Million)

Table 94. SAM: Smart Mining Market, by Component – Revenue and Forecast to 2028 (US$ Million)

Table 95. SAM: Smart Mining Market, by Software and Solution – Revenue and Forecast to 2028 (US$ Million)

Table 96. SAM: Smart Mining Market, by Software and Solution – Revenue and Forecast to 2028 (US$ Million)

Table 97. SAM: Smart Mining Market, by Mining Type – Revenue and Forecast to 2028 (US$ Million)

Table 98. Brazil: Smart Mining Market, by Component – Revenue and Forecast to 2028 (US$ Million)

Table 99. Brazil: Smart Mining Market, by Hardware – Revenue and Forecast to 2028 (US$ Million)

Table 100. Brazil: Smart Mining Market, by Software and Solution – Revenue and Forecast to 2028 (US$ Million)

Table 101. Brazil: Smart Mining Market, by Mining Type – Revenue and Forecast to 2028 (US$ Million)

Table 102. Argentina: Smart Mining Market, by Component – Revenue and Forecast to 2028 (US$ Million)

Table 103. Argentina: Smart Mining Market, by Hardware – Revenue and Forecast to 2028 (US$ Million)

Table 104. Argentina: Smart Mining Market, by Software and Solution – Revenue and Forecast to 2028 (US$ Million)

Table 105. Argentina: Smart Mining Market, by Mining Type – Revenue and Forecast to 2028 (US$ Million)

Table 106. Rest of SAM: Smart Mining Market, by Component – Revenue and Forecast to 2028 (US$ Million)

Table 107. Rest of SAM: Smart Mining Market, by Hardware – Revenue and Forecast to 2028 (US$ Million)

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

Table 109. Rest of SAM: Smart Mining Market, by Mining Type – Revenue and Forecast to 2028 (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 Overview

Figure 4. Hardware Segment Held the Largest Market Share in 2020

Figure 5. Surface Mining Held the Largest Market Share in 2020

Figure 6. North America was the Largest Revenue Contributor in 2020

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 2028 (US$ Million)

Figure 17. Smart Mining Market Revenue Share, by Component (2020 and 2028)

Figure 18. Hardware: Smart Mining Market – Revenue and Forecast to 2028 (US$ Million)

Figure 19. RFID Tags: Smart Mining Market – Revenue and Forecast to 2028 (US$ Million)

Figure 20. Sensors: Smart Mining Market – Revenue and Forecast to 2028 (US$ Million)

Figure 21. Intelligent System: Smart Mining Market – Revenue and Forecast to 2028 (US$ Million)

Figure 22. Others: Smart Mining Market – Revenue and Forecast to 2028 (US$ Million)

Figure 23. Software & Solutions: Smart Mining Market – Revenue and Forecast to 2028 (US$ Million)

Figure 24. Logistics Software: Smart Mining Market – Revenue and Forecast to 2028 (US$ Million)

Figure 25. Data and Operation Management: Smart Mining Market – Revenue and Forecast to 2028 (US$ Million)

Figure 26. Safety and Security Systems: Smart Mining Market – Revenue and Forecast to 2028 (US$ Million)

Figure 27. Connectivity Solutions: Smart Mining Market – Revenue and Forecast to 2028 (US$ Million)

Figure 28. Analytics Solutions: Smart Mining Market – Revenue and Forecast to 2028 (US$ Million)

Figure 29. Remote Management Solutions: Smart Mining Market – Revenue and Forecast to 2028 (US$ Million)

Figure 30. Asset Management Solutions: Smart Mining Market – Revenue and Forecast to 2028 (US$ Million)

Figure 31. Services: Smart Mining Market – Revenue and Forecast to 2028 (US$ Million)

Figure 32. Smart Mining Market Revenue Share, by Mining Type (2020 and 2028)

Figure 33. Underground Mining: Smart Mining Market – Revenue and Forecast to 2028 (US$ Million)

Figure 34. Surface Mining: Smart Mining Market – Revenue and Forecast to 2028 (US$ Million)

Figure 35. Global Smart Mining Market Revenue Share, by Region (2020 and 2028)

Figure 36. North America: Smart Mining Market – Revenue and Forecast to 2028 (US$ Million)

Figure 37. North America: Smart Mining Market Revenue Share, by Component (2020 and 2028)

Figure 38. North America: Smart Mining Market Revenue Share, by Mining Type (2020 and 2028)

Figure 39. North America: Smart Mining Market Revenue Share, by Key Country (2020 and 2028)

Figure 40. US: Smart Mining Market – Revenue and Forecast to 2028 (US$ Million)

Figure 41. Canada: Smart Mining Market – Revenue and Forecast to 2028 (US$ Million)

Figure 42. Mexico: Smart Mining Market – Revenue and Forecast to 2028 (US$ Million)

Figure 43. Europe: Smart Mining Market – Revenue and Forecast to 2028 (US$ Million)

Figure 44. Europe: Smart Mining Market Revenue Share, by Component (2020 and 2028)

Figure 45. Europe: Smart Mining Market Revenue Share, by Mining Type (2020 and 2028)

Figure 46. Europe: Smart Mining Market Revenue Share, by Key Country (2020 and 2028)

Figure 47. Germany: Smart Mining Market – Revenue and Forecast to 2028 (US$ Million)

Figure 48. France: Smart Mining Market – Revenue and Forecast to 2028 (US$ Million)

Figure 49. Italy: Smart Mining Market – Revenue and Forecast to 2028 (US$ Million)

Figure 50. UK: Smart Mining Market – Revenue and Forecast to 2028 (US$ Million)

Figure 51. Russia: Smart Mining Market – Revenue and Forecast to 2028 (US$ Million)

Figure 52. Rest of Europe: Smart Mining Market – Revenue and Forecast to 2028 (US$ Million)

Figure 53. APAC: Smart Mining Market – Revenue and Forecast to 2028 (US$ Million)

Figure 54. APAC: Smart Mining Market Revenue Share, by Component (2020 and 2028)

Figure 55. APAC: Smart Mining Market Revenue Share, by Mining Type (2020 and 2028)

Figure 56. APAC: Smart Mining Market Revenue Share, by Key Country (2020 and 2028)

Figure 57. Australia: Smart Mining Market – Revenue and Forecast to 2028 (US$ Million)

Figure 58. China: Smart Mining Market – Revenue and Forecast to 2028 (US$ Million)

Figure 59. India: Smart Mining Market – Revenue and Forecast to 2028 (US$ Million)

Figure 60. Japan: Smart Mining Market – Revenue and Forecast to 2028 (US$ Million)

Figure 61. South Korea: Smart Mining Market – Revenue and Forecast to 2028 (US$ Million)

Figure 62. Rest of APAC: Smart Mining Market – Revenue and Forecast to 2028 (US$ Million)

Figure 63. MEA: Smart Mining Market – Revenue and Forecast to 2028 (US$ Million)

Figure 64. MEA: Smart Mining Market Revenue Share, by Component (2020 and 2028)

Figure 65. MEA: Smart Mining Market Revenue Share, by Mining Type (2020 and 2028)

Figure 66. MEA: Smart Mining Market Revenue Share, by Key Country (2020 and 2028)

Figure 67. South Africa: Smart Mining Market – Revenue and Forecast to 2028 (US$ Million)

Figure 68. Saudi Arabia: Smart Mining Market – Revenue and Forecast to 2028 (US$ Million)

Figure 69. UAE: Smart Mining Market – Revenue and Forecast to 2028 (US$ Million)

Figure 70. Rest of MEA: Smart Mining Market – Revenue and Forecast to 2028 (US$ Million)

Figure 71. SAM: Smart Mining Market – Revenue and Forecast to 2028 (US$ Million)

Figure 72. SAM: Smart Mining Market Revenue Share, by Component (2020 and 2028)

Figure 73. SAM: Smart Mining Market Revenue Share, by Mining Type (2020 and 2028)

Figure 74. SAM: Smart Mining Market Revenue Share, by Key Country (2020 and 2028)

Figure 75. Brazil: Smart Mining Market – Revenue and Forecast to 2028 (US$ Million)

Figure 76. Argentina: Smart Mining Market – Revenue and Forecast to 2028 (US$ Million)

Figure 77. Rest of SAM: Smart Mining Market – Revenue and Forecast to 2028 (US$ Million)

Figure 78. Impact of COVID-19 Pandemic in North American Country Markets

Figure 79. Impact of COVID-19 Pandemic in Europe Country Markets

Figure 80. Impact of COVID-19 Pandemic in Asia Pacific Country Markets

Figure 81. Impact of COVID-19 Pandemic in Middle East and Africa Country Markets

Figure 82. Impact of COVID-19 Pandemic in South America Country Markets



The List of Companies - Smart Mining Market

  1. ABB Ltd.
  2. Alastri
  3. Atlas Copco
  4. Caterpillar Inc.
  5. Cisco Systems Inc.
  6. Hexagon AB
  7. Hitachi Construction Machinery Co. Ltd.
  8. Komatsu Mining Corporation
  9. Rockwell Automation, Inc.
  10. Trimble
  • 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 global market 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

APAC dominated the smart mining market in 2020. 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 industry in APAC is mainly driven by the rising demand for technological equipment, coupled with the pressing infrastructure needs of miners.

Based on mining type, the surface mining market dominated the market growth. Driven by the growing demand for both non-metallic and metallic minerals, an abundance of reserves that can be exploited utilizing surface mining, increasing energy consumption, the lesser capital requirement, technological advancements in mining, and growing concerns amid countries about energy security.

Increasing demand for minerals and metals leads to increasing the expansion of mining activity that drives the growth of the smart mining market. Rising adoption of autonomous equipment, increased concerns about safety and security, growing environmental concerns are boosting the growth of the smart mining market. Furthermore, smart mining technology is considerably safer and environment-friendly as compared to the traditional mining technology.

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. For instance, the installation of automation software enables the operator to monitor static and moving assets remotely and program automated interaction between both. Digitizing a mine by installing a wireless sensor network to perform remote readings, can facilitate further digitization, such as atomization of key mining processes.

India is expected to grow at a highest CAGR. The mining sector is one of India's most significant businesses, providing fundamental raw materials to a variety of businesses. In steel and alumina, India has a reasonable cost of production and conversion advantage. Its strategic location facilitates the development of exports as well as the fast-growing Asian markets.

ABB Ltd., Caterpillar Inc., SAP SE, Hitachi Ltd., and Rockwell Automation AB are amongst the key players operating in smart mining market.

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