Mining Automation Market Industry Overview

The global mining automation market was valued at USD 4.90 billion in 2022 and is expected to expand at a compound annual growth rate (CAGR) of 7.3% from 2023 to 2030.

The rapid advancement in technology, such as Artificial Intelligence (AI) and robotics, has resulted in increased usage of mining automation solutions as a means of boosting production efficiency. The increasing trend of deploying innovative technologies is driving the growth of automated mining solutions. The emergence of the Internet of Things (IoT) in this sector offers mine management with real-time data and analytics with the help of visualization tools. Several operators are teaming up with technology companies to deploy wireless networks underground.

Gather more insights about the market drivers, restrains and growth of the Mining Automation Market

For instance, in April 2021, International Business Machines Corp. (IBM) announced the acquisition of myInvenio, an Italian startup company. The Company builds and operates process mining software. The initiative aims to MyInvenio’s process and task mining technology into IBM Cloud for Robotization, a platform for structuring and running robotization operations. The company will benefit from the data-driven software and tools that help them track sales, production, procurement, and accounting. The increasing need for mine and worker safety is providing an impetus to industry growth. Previously, the traditional mining techniques have compromised the safety of the mine workers resulting in increased hazards at the mining site.

Therefore, providers have developed smart mining solutions and equipment to ensure the safety of workers. For instance, in November 2020, ABB launched the ABB Ability safety plus, a suite for the mine hoist. It is considered the mining industry’s first fully independently certified Safety Integrity Level 3 (SIL 3), which is very specific and rare for risk reduction and safety hazards for the mine hoist solution with the proper security by offering three solutions: safety plus brake system, safety plus hoist monitor, and safety plus hoist protector. The initiative aims to enhance the environment for mining to be safe for workers and types of equipment.

Browse through Grand View Research's Next Generation Technologies Industry Research Reports.

• The global AI in chemicals market size was estimated at USD 943.0 million in 2023 and is projected to grow at a CAGR of 27.8% from 2024 to 2030. 
• The global drone sensor market size was estimated at USD 1.42 billion in 2023 and is expected to grow at a CAGR of 10.0% from 2024 to 2030.

Mining Automation Market Segmentation

Grand View Research has segmented the global mining automation market based on solution, application, and region:

Mining Automation Solution Outlook (Revenue, USD Million, 2018 - 2030)

• Software Automation
• Services
  • Implementation Maintenance
  • Training
  • Consulting
• Equipment Automation
  • Autonomous Trucks
  • Remote Control Equipment
  • Teleoperated Mining Equipment

Mining Automation Application Outlook (Revenue, USD Million, 2018 - 2030)

• Metal Mining
• Mineral Mining
• Coal Mining

Mining Automation Regional Outlook (Revenue, USD Million, 2018 - 2030)

• North America
  • Canada
  • S.
• Europe
  • Germany
  • K.
• Asia Pacific
  • Australia
  • China
  • India
  • Japan
• Latin America
  • Brazil
  • Mexico
• Middle East Africa

Key Companies profiled:

• Atlas Copco AB
• Autonomous Solution Inc.
• Caterpillar
• Epiroc AB
• Hexagon AB
• Hitachi, Ltd.
• Komatsu Ltd.
• Liebherr Group
• MST (Mine Site Technologies)
• Rio Tinto
• Rockwell Automation, Inc.
• RPM Global Holdings Ltd.

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