The global mining automation market size is expected to grow from USD 3.6 billion in 2024 to USD 5.1 billion by 2029, at a CAGR of 7.2% from 2024 to 2029. There's a growing interest in mining automation in recent years for several reasons. Technologies like machine learning, robotics, and data analytics enable mining companies to automate processes, cut costs, and improve safety. Using remote-controlled or autonomous mining trucks and equipment helps avoid accidents by keeping humans away from risky tasks. Moreover, autonomous mining equipment optimizes operations, cutting fuel consumption and minimizing waste, which lowers costs. This focus on automation aligns with sustainable resource extraction, contributing to the expected significant growth of the global mining automation market in the coming years.
Scope of the Report
Years Considered for the Study
2020-2029
Base Year
2023
Forecast Period
2024-2029
Units Considered
Value (USD Billion)
Segments
By Equipment, Technique, Workflow and Region
Regions covered
Asia Pacific, North America, Europe, RoW
"Equipment offering segment is projected to grow at significant CAGR during the forecast period."
The equipment offered in the global mining automation market includes autonomous hauling/mining trucks, drilling rigs, LHD loaders, tunneling equipment, smart ventilation systems, pumping stations, and others (hybrid shovels, total stations, mining dozers, wheel loaders, and mining excavators). Addressing workplace safety concerns, increased R&D investment, and technological advancements result in unmanned or autonomous equipment development, reducing hazardous incidents and boosting efficiency. Integrating innovative equipment enables mining companies to substantially cut operating costs by minimizing downtime and enhancing asset utilization.
" Mine development workflow segment is projected to grow at an impressive CAGR during the forecast period."
Mine development encompasses constructing the mining facility and supporting infrastructure. Upon completion of the exploration phase, where concentrated mineral deposits are identified for commercial viability, the mine development stage commences. This involves comprehensive site clearing to create accessibility for both machinery and human operations. Clearing the site lays the foundation for subsequent crucial processes in the mining operation.
"The market in Europe is expected to grow at an impressive CAGR during the forecast period."
The European mining industry extracts diverse metals and minerals from widespread ores, with key deposits comprising copper, lead, silver, and zinc. The European mining sector attracts investment due to advanced infrastructure, skilled labor, and stable policies. While it contributes a small share of GDP, it plays a significant role in global product production. The region's mining activities offer substantial potential for deploying advanced mining automation technologies.
Breakdown of the profiles of primary participants:
By Company Type: Tier 1 - 40%, Tier 2 - 35%, and Tier 3 - 25%
By Designation: C-level Executives - 45%, Directors - 30%, and Others - 25%
By Region: North America - 35%, Europe - 30%, Asia Pacific - 25%, and RoW - 10%
Major players profiled in this report are as follows: Caterpillar (US), Komatsu Ltd. (Japan), Sandvik AB (Sweden), Epiroc AB (Sweden), Hexagon AB (Sweden), Hitachi Construction Machinery Co., Ltd. (Japan), RPMGLOBAL HOLDINGS LIMITED (Australia), Trimble Inc. (US), Rockwell Automation (US), Siemens (Germany) and others.
Research Coverage
The mining automation market has been classified by offerings, technique, and workflow. The market for offerings has been classified into equipment, software, and communication systems. The equipment subsegment includes autonomous hauling/mining trucks, autonomous drilling rigs, underground LHD loaders, tunneling equipment, smart ventilation systems, pumping stations, and others. Further, the software subsegment includes workforce management systems, proximity detection and collision avoidance systems, air quality and temperature monitoring systems, fleet management systems, remote operating and monitoring systems, and data management solutions. The communication system offering segment includes wireless mesh networks, navigation systems, and radio-frequency identification (RFID) tags. The market by technique has been classified into surface mining and underground mining. The market by workflow has been classified into mine development, mining process, and mine maintenance. The study also forecasts the market size in four key regions-North America, Europe, Asia Pacific, and RoW.
Key Benefits of Buying the Report:
The report provides insights on the following pointers:
Analysis of critical drivers ( The need of increasing safety and productivity in the mines, Growing emphasis on reducing operating costs, and Rising demand for fleet management systems) restraints ( Rise in exhaustion of natural resources, Impact on GDP of host countries), opportunities ( Rising adoption of digitalization in global mining industry, Increasing significance of smart connected mines, Battery industry presenting opportunities for the market) and challenges ( Integrating mining technologies and convergence challenges, Environmental impacts and rising global protests by local communities, Absence of skilled personnel to operate automated mining equipment) influencing the growth of the mining automation market
Product Development/Innovation: Detailed insights on new products, technologies, research & development activities, funding activities, industry partnerships, and new product launches in the mining automation market
Market Development: Comprehensive information about lucrative markets - the report analyses the mining automation market across regions such as North America, Europe, Asia Pacific, and RoW.
Market Diversification: Exhaustive information about new products & technologies, untapped geographies, recent developments, and investments in the mining automation market
Competitive Assessment: In-depth assessment of the market position, growth strategies, and product offerings of leading players like Caterpillar (US), Komatsu Ltd. (Japan), Sandvik AB (Sweden), Epiroc AB (Sweden), and Hitachi Construction Machinery Co., Ltd. (Japan) and among others in the mining automation market
Strategies: The report also helps stakeholders understand the pulse of the mining automation market and provides information on key market drivers, restraints, challenges, and opportunities.
TABLE OF CONTENTS
1 INTRODUCTION
1.1 STUDY OBJECTIVES
1.2 MARKET DEFINITION
1.3 STUDY SCOPE
1.3.1 MARKETS COVERED
FIGURE 1 MINING AUTOMATION MARKET SEGMENTATION
1.3.2 REGIONAL SCOPE
1.3.3 YEARS CONSIDERED
1.3.4 INCLUSIONS AND EXCLUSIONS
1.4 CURRENCY CONSIDERED
1.5 LIMITATIONS
1.6 STAKEHOLDERS
1.7 SUMMARY OF CHANGES
1.8 RECESSION IMPACT
2 RESEARCH METHODOLOGY
2.1 RESEARCH DATA
FIGURE 2 MINING AUTOMATION MARKET: RESEARCH DESIGN
2.1.1 SECONDARY AND PRIMARY RESEARCH
FIGURE 3 MINING AUTOMATION MARKET: RESEARCH APPROACH
2.1.2 SECONDARY DATA
2.1.2.1 List of major secondary sources
2.1.2.2 Key data from secondary sources
2.1.3 PRIMARY DATA
2.1.3.1 List of participants and key opinion leaders in primary interviews
2.1.3.2 Key data from primary sources
2.1.3.3 Key industry insights
2.1.3.4 Breakdown of primaries
2.2 MARKET SIZE ESTIMATION
2.2.1 BOTTOM-UP APPROACH
2.2.1.1 Approach to estimate market size using bottom-up approach (demand side)
TABLE 5 IMPACT OF PORTER'S FIVE FORCES ON MINING AUTOMATION MARKET
FIGURE 29 MINING AUTOMATION MARKET: PORTER'S FIVE FORCES ANALYSIS
5.8.1 THREAT OF NEW ENTRANTS
5.8.2 THREAT OF SUBSTITUTES
5.8.3 BARGAINING POWER OF SUPPLIERS
5.8.4 BARGAINING POWER OF BUYERS
5.8.5 INTENSITY OF COMPETITIVE RIVALRY
5.9 KEY STAKEHOLDERS AND BUYING CRITERIA
5.9.1 KEY STAKEHOLDERS IN BUYING PROCESS
FIGURE 30 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS, BY OFFERING
TABLE 6 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS, BY OFFERING (%)
5.9.2 BUYING CRITERIA
FIGURE 31 KEY BUYING CRITERIA, BY OFFERING
TABLE 7 KEY BUYING CRITERIA, BY OFFERING
5.10 CASE STUDY ANALYSIS
5.10.1 USE OF ROCKWELL AUTOMATION'S CONTROL SYSTEM AND VISUALIZATION SOLUTIONS IN ARRIUM'S IRON KNOB MINE TO REDUCE OPERATIONAL COSTS AND MINIMIZE DOWNTIME
5.10.2 IMPLEMENTATION OF KOMATSU'S AHS AT SWEDISH COPPER MINE BY BOLIDEN TO ENHANCE PRODUCTIVITY AND SAFETY
5.10.3 DEPLOYMENT OF ROCKWELL AUTOMATION'S FACTORYTALK SUITE AT AMRUN BAUXITE MINE BY RIO TINTO TO IMPROVE TRANSPARENCY IN MINING OPERATIONS
5.10.4 ADOPTION OF SANDVIK AB'S MINING EQUIPMENT IN VELADERO GOLD MINE BY BARRICK GOLD TO REMAIN PRODUCTIVE IN HARSH ENVIRONMENT
5.10.5 UTILIZATION OF CATERPILLAR'S AUTONOMOUS DRILLS AND TRUCKS AT GUDAI-DARRI MINE BY RIO TINTO TO CREATE CONNECTED VALUE CHAIN
5.10.6 IMPLEMENTATION OF HEXAGON AB PRODUCTS BY RUSTENBURG PLATINUM (ANGLO AMERICAN PLATINUM) MINES LIMITED TO STREAMLINE OPERATIONS
5.10.7 ADOPTION OF KOMATSU'S SOLUTION BY ESEMIN AT EI SANTO MINING SITE TO ACHIEVE CUSTOMIZED FINANCING AND TECHNICAL SUPPORT
5.11 TRADE ANALYSIS
FIGURE 32 IMPORT DATA FOR HS CODE 8429-COMPLIANT PRODUCTS, BY COUNTRY, 2018-2022 (USD MILLION)
FIGURE 33 EXPORT DATA FOR HS CODE 8429-COMPLIANT PRODUCTS, BY COUNTRY, 2018-2022 (USD MILLION)
5.12 PATENT ANALYSIS
FIGURE 34 TOP 10 COMPANIES WITH SUBSTANTIAL NUMBER OF PATENT APPLICATIONS IN LAST 10 YEARS
TABLE 8 US: TOP 20 PATENT OWNERS IN LAST 10 YEARS
FIGURE 35 NO. OF PATENTS GRANTED PER YEAR FROM 2013 TO 2022
TABLE 9 MINING AUTOMATION MARKET: LIST OF PATENTS, 2023
5.13 KEY CONFERENCES AND EVENTS, 2024-2025
TABLE 10 MINING AUTOMATION MARKET: LIST OF CONFERENCES AND EVENTS, 2024-2025
5.14 TARIFFS, REGULATORY LANDSCAPE, AND STANDARDS
5.14.1 COUNTRY-WISE TARIFF FOR HS CODE 8429-COMPLIANT PRODUCTS
TABLE 11 TARIFF RATES APPLIED BY DIFFERENT COUNTRIES ON IMPORTED GOODS (%)
5.14.2 REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
TABLE 12 NORTH AMERICA: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
TABLE 13 EUROPE: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
TABLE 14 ASIA PACIFIC: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
TABLE 15 ROW: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
5.14.3 STANDARDS
TABLE 16 MAJOR STANDARDS FOR MINING MACHINERY
6 MINING AUTOMATION MARKET, BY OFFERING
6.1 INTRODUCTION
FIGURE 36 MINING AUTOMATION MARKET, BY OFFERING
TABLE 17 MINING AUTOMATION MARKET, BY OFFERING, 2020-2023 (USD MILLION)
TABLE 18 MINING AUTOMATION MARKET, BY OFFERING, 2024-2029 (USD MILLION)
FIGURE 37 COMMUNICATION SYSTEMS TO EXHIBIT HIGHEST CAGR IN MINING AUTOMATION MARKET, BY OFFERING, DURING FORECAST PERIOD
6.2 EQUIPMENT
FIGURE 38 MINING AUTOMATION MARKET, BY EQUIPMENT
TABLE 19 MINING AUTOMATION MARKET, BY EQUIPMENT, 2020-2023 (USD MILLION)
TABLE 20 MINING AUTOMATION MARKET, BY EQUIPMENT, 2024-2029 (USD MILLION)
*Details on Business Overview, Products/Solutions/Services Offered, Recent Developments, and MnM View (Key strengths/Right to Win, Strategic Choices Made, and Weaknesses and Competitive Threats) might not be captured in case of unlisted companies.
12 ADJACENT AND RELEVANT MARKETS
12.1 INTRODUCTION
12.2 HVAC SYSTEM MARKET, BY APPLICATION
TABLE 175 HVAC SYSTEM MARKET, BY APPLICATION, 2019-2022 (USD BILLION)
TABLE 176 HVAC SYSTEM MARKET, BY APPLICATION, 2023-2028 (USD BILLION)
12.2.1 COMMERCIAL
12.2.1.1 Growing Adoption of energy-efficient equipment to boost HVAC system demand in commercial spaces
TABLE 177 HVAC SYSTEM MARKET, BY COMMERCIAL APPLICATION TYPE, 2019-2022 (USD BILLION)
TABLE 178 HVAC SYSTEM MARKET, BY COMMERCIAL APPLICATION TYPE, 2023-2028 (USD BILLION)
TABLE 179 COMMERCIAL: HVAC SYSTEM MARKET, BY COOLING EQUIPMENT, 2019-2022 (USD MILLION)
TABLE 180 COMMERCIAL: HVAC SYSTEM MARKET, BY COOLING EQUIPMENT, 2023-2028 (USD MILLION)
TABLE 181 COMMERCIAL: HVAC SYSTEM MARKET, BY HEATING EQUIPMENT, 2019-2022 (USD BILLION)
TABLE 182 COMMERCIAL: HVAC SYSTEM MARKET, BY HEATING EQUIPMENT, 2023-2028 (USD BILLION)
TABLE 183 COMMERCIAL: HVAC SYSTEM MARKET, BY VENTILATION EQUIPMENT, 2019-2022 (USD MILLION)
TABLE 184 COMMERCIAL: HVAC SYSTEM MARKET, BY VENTILATION EQUIPMENT, 2023-2028 (USD MILLION)