The connected mining market is forecasted to grow by USD 41628.1 mn during 2023-2028, accelerating at a CAGR of 23.69% during the forecast period. The report on the connected mining market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by growth of mining industry, technological improvements in automated mining equipment, and increased use of artificial intelligence, machine learning, and deep learning.
Technavio's connected mining market is segmented as below:
Market Scope
Base Year
2024
End Year
2028
Series Year
2024-2028
Growth Momentum
Accelerate
YOY 2024
19.94%
CAGR
23.69%
Incremental Value
$41628.1mn
By Type
Surface mining
Underground mining
By Product Type
Automated equipment
Component
By Geographical Landscape
North America
APAC
South America
Middle East and Africa
Europe
This study identifies the increasing adoption of mobile-based technologies as one of the prime reasons driving the connected mining market growth during the next few years. Also, shift of mining activities to emerging economies and adoption of innovative business models will lead to sizable demand in the market.
The report on the connected mining market covers the following areas:
Connected mining market sizing
Connected mining market forecast
Connected mining market industry analysis
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading connected mining market vendors that include ABB Ltd., Accenture Plc, Alastri Software, Caterpillar Inc., Cisco Systems Inc., Epiroc AB, Hexagon AB, Hitachi Ltd., Intellisense.Io, Komatsu Ltd., Larsen and Toubro Ltd., Micromine Ltd., Mining TAG, Rockwell Automation Inc., SAP SE, Symboticware Inc., Telefonaktiebolaget LM Ericsson, Thales Group, Trimble Inc., and Wipro Ltd.. Also, the connected mining market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.
Table of Contents
1 Executive Summary
1.1 Market overview
Executive Summary - Chart on Market Overview
Executive Summary - Data Table on Market Overview
Executive Summary - Chart on Global Market Characteristics
Executive Summary - Chart on Market By Geographical Landscape
Executive Summary - Chart on Market Segmentation by Type
Executive Summary - Chart on Market Segmentation by Product Type
Executive Summary - Chart on Incremental Growth
Executive Summary - Data Table on Incremental Growth
Executive Summary - Chart on Company Market Positioning
2 Market Landscape
2.1 Market ecosystem
Parent Market
Data Table on - Parent Market
2.2 Market characteristics
Market characteristics analysis
2.3 Value chain analysis
Value Chain Analysis
3 Market Sizing
3.1 Market definition
Offerings of companies included in the market definition
3.2 Market segment analysis
Market segments
3.3 Market size 2023
3.4 Market outlook: Forecast for 2023-2028
Chart on Global - Market size and forecast 2023-2028 ($ million)
Data Table on Global - Market size and forecast 2023-2028 ($ million)
Chart on Global Market: Year-over-year growth 2023-2028 (%)
Data Table on Global Market: Year-over-year growth 2023-2028 (%)
4 Historic Market Size
4.1 Global Connected Mining Market 2018 - 2022
Historic Market Size - Data Table on Global Connected Mining Market 2018 - 2022 ($ million)