Automated Equipment for Smart Mining Market Report 2024 (Global Edition)

Global Automated Equipment for Smart Mining Market Report 2024 Market Size Split by Type (Excavators, Load Haul Dump, Drillers & Breakers, Robotic Truck), by Application (Mining, Military, Oil & Gas, ...

Automated Equipment for Smart Mining Market Report Description

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Automated Equipment for Smart Mining Market Insights Video

Competitive Landscape of the Automated Equipment for Smart Mining Market

Key competitors in the Automated Equipment For Smart Mining Market are expanding their product portfolios with new offerings. In addition, they are using techniques such as acquisitions, partnerships, mergers, and collaborations to broaden their global reach. For example:

Automated Equipment for Smart Mining Industry News

• In April 2023, Minerbase unveiled improved versions of their ANTBOX, including three different series of mobile mining solutions for miners worldwide. These series—A, L, and the most recent addition, T—combine to provide a simplified and scalable method of mining cryptocurrencies. This strategy lowers energy use and increases miners' profitability.

(Source- minerbase.com/en)

• June 2023, Mine Site Technologies, a developer of mining operational optimization tools, was acquired by Komatsu Ltd. Through the provision of real-time insights and warnings, voice and communication technologies, software solutions, a reliable network infrastructure, wireless and geospatial technologies, and software, this purchase will enable Komatsu to support its clients in creating digital ecosystems.

(Source- komatsu.com/en/newsroom/2022/komatsu-to-acquire-mine-site-technologies/)

Top Companies Market Share in Automated Equipment for Smart Mining Industry: (In no particular order of Rank)

• Hitachi Construction Machinery
• ABB Ltd.
• Komatsu Ltd.
• Outotec Oyj
• Copco
• Caterpillar Inc.
• Atlas Joy Global Inc.
• Cisco Systems Inc.
• Alcatel-Lucent.
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*List of Second Tier Companies, List of Third Tier/ Start-up Companies (Inquire with sales executive) Request Any Company Profile for Preview Purpose OR Data Validation!

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In terms of revenue, the North American Automated Equipment for Smart Mining Market share was 40% of the total market

According to Cognitive Market Research, North America dominated the market in 2023. It accounted for around 40% of the global revenue due to the presence of the United States and Canada, which account for a substantial portion of the mining industry. According to US Geological Survey data, Canada alone accounts for more than 22% of the world's active mineral exploration sites. The United States and Canada account for over 34% of all international active mineral exploration sites. The two countries are ahead of the competition regarding production shares for a few critical mineral commodities.

Europe is the fastest-growing category as the region's mining industry has a lengthy history and is now self-sufficient in producing several industrial minerals. Europe is a net exporter of a wide range of minerals, and it encourages a sustainable material value chain in terms of social acceptance, environmental soundness, and economic viability, all of which promote the rise of smart mining.

The current report Scope analyzes Automated Equipment for Smart Mining Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com

• North America (United States, Canada, Mexico)
• Europe (United Kingdom, France, Germany, Italy, Russia, Spain, Sweden, Denmark, Netherlands, Switzerland, Belgium)
• Asia-Pacific (China, Japan, Korea, India, Australia, Philippines, Singapore, Malaysia, Thailand, Indonesia, Rest of APAC)
• South America (Brazil, Argentina, Colombia, Peru, Chile, Rest of South America)
• Middle East and Africa (Saudi Arabia, Turkey, Nigeria, UAE, Egypt, South Africa, GCC Countries, Rest of MEA)

The above graph is for illustrative purposes only.

North America Automated Equipment for Smart Mining

According to Cognitive Market Research, the global automated equipment for smart mining market size was estimated at USD XX Billion, out of which North America held the major market of more than 40% of the global revenue with a market size of USD XX billion in 2023 and will grow at a compound annual growth rate (CAGR) of 8.8% from 2023 to 2030 with the US and Canada capturing the majority of market shares. To help people better understand mining operations and related TRI-reportable chemical releases, the US Environmental Protection Agency created a visual based on data from the Toxic Release Inventory. Every year, the metal mining industry processes enormous amounts of material. According to Cognitive Market Research, excavators are employed in mining operations for many activities, including trench digging, overburden removal, and truck loading. Using sensors and cameras, automated excavators may function without human intervention. This can increase safety and efficiency because it lowers the possibility of accidents and enables excavators to work throughout the clock. In conclusion, the North American automated equipment for the smart mining market is thriving due to the large amount of mining done in the region.

• According to Cognitive Market Research, the US had a major share in the automated equipment for smart mining market, with a market size of USD XX billion in 2023, projected to grow at a CAGR of 8.6% during the forecast period. 
• The Canada automated equipment for smart mining market had a market share of USD XX billion in 2023 and is projected to grow at a CAGR of 9.6% during the forecast period. 
• The Mexico automated equipment for smart mining market is projected to grow at a CAGR of 9.3% during the forecast period, with a market size of USD XX billion in 2023.

Europe Automated Equipment for Smart Mining

According to Cognitive Market Research, with a market value of USD XX billion in 2023 and projected to expand at a compound annual growth rate (CAGR) of 9.1% from 2023 to 2030, Europe accounted for a share of over 30% of the global market size of USD XX billion the growing usage of mining equipment and self-driving cars in exploratory mining operations. For instance, Ferrexpo plc declared in March 2021 that, by converting its CAT 793D haul trucks, it had effectively introduced the first autonomous mining trucks on a broad scale in Europe. Furthermore, because automated equipment is used more frequently in these nations to control and monitor mining operations, the United Kingdom and Germany are contributing to expanding the European market. According to Cognitive Market Research, excavators are a significant segment, as are the growing need for safety and security, the growing availability of new technology, and the growing desire for automation. In conclusion, the European automated equipment for the smart mining market is thriving due to growing automation in the mining vehicles in the region. 

• According to Cognitive Market Research, the size of the German automated equipment for the smart mining market was valued at USD XX billion in 2023 and is projected to grow at a CAGR of 9.3% during the forecast period. 
• The United Kingdom's automated equipment for smart mining market had a market share of USD XX billion in 2023 and is projected to grow at a CAGR of 9.9% during the forecast period. 
• The French automated equipment for smart mining market is projected to grow at a CAGR of 8.3% during the forecast period, with a market size of USD XX billion in 2023.
• The Italian automated equipment for smart mining market is projected to grow at a CAGR of 8.5% during the forecast period, with a market size of USD XX billion in 2023.
• The Russia automated equipment for smart mining market is projected to grow at a CAGR of 8.1% during the forecast period, with a market size of USD XX billion in 2023.
• The Spanish automated equipment for smart mining market is projected to grow at a CAGR of 8.2% during the forecast period, with a market size of USD XX billion in 2023.
• The Portuguese automated equipment for smart mining market is projected to grow at a CAGR of 8.9% during the forecast period, with a market size of USD XX billion in 2023.
• The Luxembourg automated equipment for smart mining market is projected to grow at a CAGR of 9.2% during the forecast period, with a market size of USD XX billion in 2023.
• The Greece automated equipment for smart mining market is projected to grow at a CAGR of 9.4% during the forecast period, with a market size of USD XX billion in 2023.
• The Rest of Europe's automated equipment for smart mining market is projected to grow at a CAGR of 7.8% during the forecast period, with a market size of USD XX billion in 2023.

Asia Pacific Automated Equipment for Smart Mining

According to Cognitive Market Research, the global automated equipment for smart mining market size was estimated at USD XX Billion, out of which Asia Pacific held the market of more than 23% of the global revenue with a market size of USD XX billion in 2023 and will grow at a compound annual growth rate (CAGR) of 12.6% from 2023 to 2030 the remarkable economic growth of emerging nations has led to a comparatively high consumption of metals and minerals in the Asia Pacific region. Because of this, governments and private companies are making large investments in mining operations that will open the door for automation in the mining industry in Asia Pacific. According to Cognitive Market Research, the excavator segment holds the prominent share Due to the region's high intensity of mining activities. In conclusion, the Asia Pacific automated equipment for the smart mining market shows significant growth due to the high rate of mineral attraction due to the high consumption of the minerals in the region.

• According to Cognitive Market Research, the size of the Chinese automated equipment for the smart mining market was valued at USD XX billion in 2023 and is projected to grow at a CAGR of 12.1% during the forecast period. 
• The India automated equipment for smart mining market had a market share of USD XX billion in 2023 and is projected to grow at a CAGR of 14.4% during the forecast period. 
• The Japan automated equipment for smart mining market is projected to grow at a CAGR of 11.1% during the forecast period, with a market size of USD XX billion in 2023.
• The South Korean automated equipment for smart mining market is projected to grow at a CAGR of 11.7% during the forecast period, with a market size of USD XX billion in 2023.
• The Australian automated equipment for smart mining market is projected to grow at a CAGR of 12.3% during the forecast period, with a market size of USD XX billion in 2023.
• The Southeast Asia automated equipment for smart mining market is projected to grow at a CAGR of 13.6% during the forecast period, with a market size of USD XX billion in 2023.
• The Rest of Asia Pacific's automated equipment for smart mining market is projected to grow at a CAGR of 12.4% during the forecast period, with a market size of USD XX billion in 2023.

South America Automated Equipment for Smart Mining Market

According to Cognitive Market Research, the global automated equipment for smart mining market size was estimated at USD XX Billion, out of which the Latin America market has more than 5% of the global revenue with market size of USD XX billion in 2023 and will grow at a compound annual growth rate (CAGR) of 10.0% from 2023 to 2030 a multitude of variables, such as the increased cost of labor, the expanding use of new technology, and the growing need for metals and minerals, are to blame for this. According to Cognitive Market Research, the expanding need for minerals, rising labor costs, and an increasing emphasis on safety will likely propel the LHD market's rapid growth in Latin America in the upcoming years. Caterpillar, Komatsu, and Sandvik are some of the leading companies in the Latin American LHD market. In conclusion, the Latin American automated equipment for smart mining market exhibits steady growth, driven by growing mineral activities and rising labor costs.

• According to Cognitive Market Research, Brazil's automated equipment for smart mining market size was valued at USD XX billion in 2023 and is projected to grow at a CAGR of 10.6% during the forecast period. 
• Argentina's automated equipment for smart mining market had a market share of USD XX billion in 2023 and is projected to grow at a CAGR of 10.9% during the forecast period. 
• The Colombia automated equipment for smart mining market is projected to grow at a CAGR of 9.8% during the forecast period, with a market size of USD XX billion in 2023.
• The Peru automated equipment for smart mining market is projected to grow at a CAGR of 10.2% during the forecast period, with a market size of USD XX billion in 2023.
• The Chile automated equipment for smart mining market is projected to grow at a CAGR of 10.3% during the forecast period, with a market size of USD XX billion in 2023.
• The Rest of Latin America's automated equipment for smart mining market is projected to grow at a CAGR of 9.1% during the forecast period, with a market size of USD XX billion in 2023.

Middle East and Africa Automated Equipment for Smart Mining

According to Cognitive Market Research, the global automated equipment for smart mining market size was estimated at USD XX Billion, out of which Middle East and Africa held the major market of more than 2% of the global revenue with a market size of USD XX billion in 2023 and will grow at a compound annual growth rate (CAGR) of 10.3% from 2023 to 2030 MEA is the leading producer of hydrocarbons and a variety of other minerals, including zinc, nickel, copper, gold, lead, and so forth. Businesses engaged in mining operations use automation to increase efficiency and control, which is good news for expanding smart mining. According to Cognitive Market Research, in the Middle East and Africa, the market for smart mining is expanding quickly, with LHD vehicles holding a leading position in this sector. This is caused by several things, including the growing need for metals and minerals, the requirement to increase efficiency and safety, and government backing. In conclusion, the MEA (Middle East and Africa) automated equipment for the smart mining market exhibits growth potential due to the large number of minerals in the region.

• According to Cognitive Market Research, the GCC Countries automated equipment for smart mining market size was valued at USD XX billion in 2023 and is projected to grow at a CAGR of 11.1% during the forecast period. 
• The South African automated equipment for smart mining market had a market share of USD XX billion in 2023 and is projected to grow at a CAGR of 11.3% during the forecast period. 
• The Egypt automated equipment for smart mining market is projected to grow at a CAGR of 10.6% during the forecast period, with a market size of USD XX billion in 2023.
• The Turkish automated equipment for smart mining market is projected to grow at a CAGR of 9.8% during the forecast period, with a market size of USD XX billion in 2023.
• The Nigeria automated equipment for smart mining market is projected to grow at a CAGR of 9.4% during the forecast period, with a market size of USD XX billion in 2023.
• The Rest of the MEA automated equipment for the smart mining market is projected to grow at a CAGR of 9.3% during the forecast period, with a market size of USD XX billion in 2023.

Automated Equipment for Smart Mining Market Analysis

Automated Equipment for Smart Mining Type Segment Analysis

According to Cognitive Market Research, excavators held the major market share over the forecast period. In the mining regions, one can witness a diverse array of excavators, spanning from the size of a skid to an enormous earth mover equivalent to a building. The base of every mining operation is made up of these excavators. Excavators are essential when employing hydraulics to excavate and haul back the materials. Numerous businesses sell excavators that fall into two categories: big excavators and wheeled excavators. These two types of excavators are made differently. 

Load haul dump is the fastest-growing category over the forecast period. The capacity of the load haul dump segment to automate processes and provide remote control functions is a major factor in its dominant position in the mining industry. Because of this technological breakthrough, personnel may safely operate machinery from a distance, increasing productivity. Thus, possible dangers and hazards are reduced. The integration of cutting-edge sensors and real-time data processing further increases the implications of the load haul dump segment.

• Excavators
• Load Haul Dump
• Drillers & Breakers
• Robotic Truck

The above Chart is for representative purposes and does not depict actual sale statistics. Access/Request the quantitative data to understand the trends and dominating segment of Automated Equipment for Smart Mining Industry. Request a Free Sample PDF!

Automated Equipment for Smart Mining Application Segment Analysis

According to Cognitive Market Research, mining holds a prominent market share, and there is a need to increase mining productivity and safety, as well as a growing demand for metals and minerals.

Mining is the fastest-growing category over the forecast period. In mines, automated machinery can be utilized for various operations, such as drilling, blasting, transporting, and sorting.

• Mining
• Military
• Oil & Gas
• Others

The above Graph is for representation purposes only. This chart does not depict actual Market share.

Author's Detail

David Fuller

Senior Analyst at Cognitive Market Research

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I am working as a Senior Analyst with Cognitive Market Research in the areas of Industry Survey and Market Research/Analytics. I collaborate with CXOs, VPs, and other senior executives to understand their data needs and provide solutions and business strategy building.

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