Mining Automation Market | Growth Analysis, Regional Trends, Latest Opportunities Till 2028

The introduction of automation eliminates human labor form process associated with mining.

The report reveals about ongoing trends, market size, growth opportunities, and competitive landscape.MRFR study on the global mining automation market states that the market can expand at 8.6% CAGR.

The penetration of automation solutions in mining processes can cause escalation in the valuation of the mining automation market.

Control systems, robots, computers, programmable controllers, and technology sets are utilized by automation solutions that increase efficacy and productivity of operations.Intensive mining activities, such as loading, drilling, transporting, and hauling among others are automated using automation control devices, such as programmable logic controllers (PLCs), software, PCs, and distributed control systems (DCS).

Remote maintenance of industrial sites varies widely depending on the industry and site-specific requirements.

The mining industry demands automation for real-time plant monitoring with real-time alerts and information from various departments such as production, maintenance, and contractors to reduce unexpected downtimes.

Mining Automation Market report added by Value Market Research, offering growth, trends, and forecast for each segment along with regional and country analysis.

The study has done with respect to market share, size, outlook, estimation and forecast period 2021-2027.

Further, this report also highlights the regional and country-level market analysis.The mining automation market is vast, with many local and global players.

the key leaders follow different strategies to advance their market position, such as contracts, amalgamation, extending product portfolio, expansions, acquisitions, and product upgrades to raise their market share across the globe.

for instance, in June 2017, Komatsu America Corp., a Komatsu Ltd subsidiary, has introduced HD405-8 and HD325-8 off-highway trucks.

The new models contain payload capacities of 36.5 and 40 metric tons, correspondingly.

Mining Automation MarketThe sudden challenges created by the ongoing COVID-19 are captured effectively to exhibit the long term growth projections in the MRFR report on Mining Automation Market.

The growth sectors of the Mining Automation Market are identified with precision for a better growth perspective.Mining companies across the world are rapidly adopting automation to modernize operations.

The global mining automation market has been segmented based on offerings, operations, and region.By offering, the market has been segmented into hardware (autonomous mining truck, autonomous drilling rig, mining load-haul-dump (LHD), pumping stations, tunneling equipment, others), software (fleet management, workforce management, remote operations and monitoring, temperature monitoring system, others), and communication system (navigation systems, wireless mesh networks, others).

Drilling in the mining sector is one major area where automation makes a positive impact.

An autonomous drill system (ADS) is most widely used for automated drilling, it enables an operator to control the drilling process using a single console from a remote location to control many autonomous drillings from multiple manufacturers simultaneously.

However, the software segment is expected to show the highest CAGR during the forecast period.By operation, the market has been segmented into mining process (autonomous haulage, autonomous drilling), maintenance (HVAC, mine dewatering), development (tunnel boring, access road construction, others).

According to the new market research report "Mining Automation Market by Technique, Type (Equipment, Software, Communications System), Equipment (Autonomous Hauling/Mining Trucks, Autonomous Drilling Rigs, Underground LHD Loaders, Tunneling Equipment) and Region - Global Forecast to 2023", The mining automation market is expected to grow from USD 2.22 Billion in 2017 to reach USD 3.29 Billion by 2023, at a CAGR of 6.77% between 2017 and 2023.

Key factors such as the increasing need for worker safety, improving productivity, and reducing overall operational costs are driving the mining automation market growth.

Browse 37 Market Data Tables and 45 Figures spread through 146 Pages and in-depth TOC on "Mining Automation Market - Global Forecast to 2023"Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=257609431 Early buyers will receive 10% customization on reports.The underground mining automation market to hold the largest share between 2017 and 2023An underground mining technique is used to extract the mineral and ore deposits, which are buried deep under the earth’s crust.

However, underground mining is considered more dangerous than that of surface mining due to the potential dangers such as adverse health effects, collapse, release of toxic gases, and lack of proper ventilation, which results in suffocation.

Some of the most common types of underground mining techniques include room and pillar mining, cut-and-fill stoping, longwall mining, shaft mining, and slope mining.

Moreover, the increasing digitization of mines and globalization of economies have attracted significant investments from the mining companies all over the world.The major players in the mining automation market are Atlas Copco (Sweden), Caterpillar (US), Hexagon (Sweden), Komatsu (Japan), and Sandvik (Sweden).