Smart Mining Market Report – Research, Industry Analysis Reports and Market Demands

Smart Mining Market to 2027 - Global Analysis and Forecasts by Component (Hardware, Software and Solution, and Service); Mining Type (Underground Mining, and Surface Mining) , and Geography

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Table of Content

1. Introduction

1.1 Study Scope
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation

2. Key Takeaways

3. Research Methodology

3.1 Coverage
3.2 Secondary Research
3.3 Primary Research

4. Smart Mining Market Landscape

4.1 Market Overview
4.2 PEST Analysis
- 4.2.1 North America – PEST Analysis
- 4.2.2 Europe – PEST Analysis
- 4.2.3 Asia Pacific – PEST Analysis
- 4.2.4 Middle East and Africa – PEST Analysis
- 4.2.5 South America – PEST Analysis
4.3 Ecosystem Analysis
4.4 Expert Opinion

5. Smart Mining Market – Key Market Dynamics

5.1 Market Drivers
- 5.1.1 The growing need to keep the workforce safe
- 5.1.2 Ensuring data security
5.2 Market Restraints
- 5.2.1 Stringent government regulations concerning greenhouse effect, air and environment effect
5.3 Market Opportunities
- 5.3.1 The Mining Technological Advancement Across the World is Leading to the Adoption Of Various Automated Mining Equipment
5.4 Future Trends
- 5.4.1 Rapid Adoption of Industrial Internet Of Things (IIoT), Transforming the Mining Sector to be More Productive and Sustainable
5.5 Impact Analysis of Drivers and Restraints

6. Smart Mining – Global Market Analysis

6.1 Smart Mining Market Overview
6.2 Smart Mining Market –Revenue and Forecast to 2027 (US$ Million)
6.3 Market Positioning – Five Key Players

7. Smart Mining Market – By Component

7.1 Overview
7.2 Smart Mining Market Breakdown, by Component (2019 and 2027)
7.3 Hardware
- 7.3.1 Overview
- 7.3.2 Hardware: Smart Mining Market – Revenue and Forecast to 2027 (US$ Million)
- 7.3.3 RFID Tags
  - 7.3.3.1 Overview
  - 7.3.3.2 RFID Tags Market Forecast and Analysis
- 7.3.4 Sensors
  - 7.3.4.1 Overview
  - 7.3.4.2 Sensors Market Forecast and Analysis
- 7.3.5 Intelligent Systems
  - 7.3.5.1 Overview
  - 7.3.5.2 Intelligent System Market Forecast and Analysis
- 7.3.6 Others
  - 7.3.6.1 Overview
7.4 Software and Solutions
- 7.4.1 Overview
- 7.4.2 Software & Solutions: Smart Mining Market – Revenue and Forecast to 2027 (US$ Million)
- 7.4.3 Logistics Software
  - 7.4.3.1 Overview
  - 7.4.3.2 Logistics Software Market Forecast and Analysis
- 7.4.4 Data and Operation Management
  - 7.4.4.1 Overview
  - 7.4.4.2 Data and Operation Management Market Forecast and Analysis
- 7.4.5 Safety and Security Systems
  - 7.4.5.1 Overview
  - 7.4.5.2 Safety and Security Systems Market Forecast and Analysis
- 7.4.6 Connectivity Solutions
  - 7.4.6.1 Overview
  - 7.4.6.2 Connectivity Solutions Market Forecast and Analysis
- 7.4.7 Analytics Solutions
  - 7.4.7.1 Overview
  - 7.4.7.2 Analytics Solutions Market Forecast and Analysis
- 7.4.8 Remote Management Solutions
  - 7.4.8.1 Overview
  - 7.4.8.2 Remote Management Solutions Market Forecast and Analysis
- 7.4.9 Asset Management Solutions
  - 7.4.9.1 Overview
  - 7.4.9.2 Asset Management Solutions Market Forecast and Analysis
7.5 Services
- 7.5.1 Overview
- 7.5.2 Services: Smart Mining Market – Revenue and Forecast to 2027 (US$ Million)

8. Smart Mining Market – By Mining Type

8.1 Overview
8.2 Smart Mining Market Breakdown, by Mining Type (2019 and 2027)
8.3 Underground Mining
- 8.3.1 Overview
- 8.3.2 Underground Mining: Smart Mining Market – Revenue and Forecast to 2027 (US$ Million)
8.4 Surface Mining
- 8.4.1 Overview
- 8.4.2 Surface Mining: Smart Mining Market – Revenue and Forecast to 2027 (US$ Million)

9. Smart Mining Market – Geographic Analysis

9.1 Overview
9.2 North America: Smart Mining Market
- 9.2.1 North America: Smart Mining Market – Revenue and Forecast to 2027 (US$ Million)
- 9.2.2 North America: Smart Mining Market, by Component
- 9.2.3 North America: Smart Mining Market, by Mining Type
- 9.2.4 North America: Smart Mining Market, by Hardware Type Industry
- 9.2.5 North America: Smart Mining Market, by Software and Solution Type Industry
- 9.2.6 North America: Smart Mining Market, by Key Country
  - 9.2.6.1 US: Smart Mining Market – Revenue and Forecast to 2027 (US$ Million)
  - 9.2.6.1.1 US: Smart Mining Market, by Component
  - 9.2.6.1.2 US: Smart Mining Market, by Mining Type
  - 9.2.6.1.3 US: Smart Mining Market, by Hardware Type Industry
  - 9.2.6.1.4 US: Smart Mining Market, by Software and Solution Type Industry
  - 9.2.6.2 Canada: Smart Mining Market – Revenue and Forecast to 2027 (US$ Million)
  - 9.2.6.2.1 Canada: Smart Mining Market, by Component
  - 9.2.6.2.2 Canada: Smart Mining Market, by Mining Type
  - 9.2.6.2.3 Canada: Smart Mining Market, by Hardware Type
  - 9.2.6.2.4 Canada: Smart Mining Market, by Software and Solution Type
  - 9.2.6.3 Mexico: Smart Mining Market – Revenue and Forecast to 2027 (US$ Million)
  - 9.2.6.3.1 Mexico: Smart Mining Market, by Component
  - 9.2.6.3.2 Mexico: Smart Mining Market, by Mining Type
  - 9.2.6.3.3 Mexico: Smart Mining Market, by Hardware Type
  - 9.2.6.3.4 Mexico: Smart Mining Market, by Software and Solution Type
  - 9.3 Europe: Smart Mining Market
    - 9.3.1 Europe: Smart Mining Market – Revenue and Forecast to 2027 (US$ Million)
    - 9.3.2 Europe: Smart Mining Market, by Component
    - 9.3.3 Europe: Smart Mining Market, by Mining Type
    - 9.3.4 Europe: Smart Mining Market, by Hardware Type
    - 9.3.5 Europe: Smart Mining Market, by Software and Solution Type
    - 9.3.6 Europe: Smart Mining Market, by Key Country
      - 9.3.6.1 Germany: Smart Mining Market – Revenue and Forecast to 2027 (US$ Million)
      - 9.3.6.1.1 Germany: Smart Mining Market, by Component
      - 9.3.6.1.2 Germany: Smart Mining Market, by Mining Type
      - 9.3.6.1.3 Germany: Smart Mining Market, by Hardware Type
      - 9.3.6.1.4 Germany: Smart Mining Market, by Software and Solution Type
      - 9.3.6.2 France: Smart Mining Market – Revenue and Forecast to 2027 (US$ Million)
      - 9.3.6.2.1 France: Smart Mining Market, by Component
      - 9.3.6.2.2 France: Smart Mining Market, by Mining Type
      - 9.3.6.2.3 France: Smart Mining Market, by Hardware Type
      - 9.3.6.2.4 France: Smart Mining Market, by Software and Solution Type
      - 9.3.6.3 Italy: Smart Mining Market – Revenue and Forecast to 2027 (US$ Million)
      - 9.3.6.3.1 Italy: Smart Mining Market, by Component
      - 9.3.6.3.2 Italy: Smart Mining Market, by Mining Type
      - 9.3.6.3.3 Italy: Smart Mining Market, by Hardware Type
      - 9.3.6.3.4 Italy: Smart Mining Market, by Software and Solution Type
      - 9.3.6.4 UK: Smart Mining Market – Revenue and Forecast to 2027 (US$ Million)
      - 9.3.6.4.1 UK: Smart Mining Market, by Component
      - 9.3.6.4.2 UK: Smart Mining Market, by Mining Type
      - 9.3.6.4.3 UK: Smart Mining Market, by Hardware Type
      - 9.3.6.4.4 UK: Smart Mining Market, by Software and Solution Type
      - 9.3.6.5 Russia: Smart Mining Market – Revenue and Forecast to 2027 (US$ Million)
      - 9.3.6.5.1 Russia: Smart Mining Market, by Component
      - 9.3.6.5.2 Russia: Smart Mining Market, by Mining Type
      - 9.3.6.5.3 Russia: Smart Mining Market, by Hardware Type
      - 9.3.6.5.4 Russia: Smart Mining Market, by Software and Solution Type
      - 9.3.6.6 Rest of Europe: Smart Mining Market – Revenue and Forecast to 2027 (US$ Million)
      - 9.3.6.6.1 Rest of Europe: Smart Mining Market, by Component
      - 9.3.6.6.2 Rest of Europe: Smart Mining Market, by Mining Type
      - 9.3.6.6.3 Rest of Europe: Smart Mining Market, by Hardware Type
      - 9.3.6.6.4 Rest of Europe: Smart Mining Market, by Software and Solution Type
      - 9.4 APAC: Smart Mining Market
        9.4.1 APAC: Smart Mining Market – Revenue and Forecast to 2027 (US$ Million)
        9.4.2 APAC: Smart Mining Market, by Component
        9.4.3 APAC: Smart Mining Market, by Mining Type
        9.4.4 APAC: Smart Mining Market, by Hardware Type
        9.4.5 APAC: Smart Mining Market, by Software and Solution Type
        9.4.6 APAC: Smart Mining Market, by Key Country
        9.4.6.1 Australia: Smart Mining Market – Revenue and Forecast to 2027 (US$ Million)
        9.4.6.1.1 Australia: Smart Mining Market, by Component
        9.4.6.1.2 Australia: Smart Mining Market, by Mining Type
        9.4.6.1.3 Australia: Smart Mining Market, by Hardware Type
        9.4.6.1.4 Australia: Smart Mining Market, by Software and Solution Type
        9.4.6.2 China: Smart Mining Market – Revenue and Forecast to 2027 (US$ Million)
        9.4.6.2.1 China: Smart Mining Market, by Component
        9.4.6.2.2 China: Smart Mining Market, by Mining Type
        9.4.6.2.3 China: Smart Mining Market, by Hardware Type
        9.4.6.2.4 China: Smart Mining Market, by Software and Solution Type
        9.4.6.3 India: Smart Mining Market – Revenue and Forecast to 2027 (US$ Million)
        9.4.6.3.1 India: Smart Mining Market, by Component
        9.4.6.3.2 India: Smart Mining Market, by Mining Type
        9.4.6.3.3 India: Smart Mining Market, by Hardware Type
        9.4.6.3.4 India: Smart Mining Market, by Software and Solution Type
        9.4.6.4 Japan: Smart Mining Market – Revenue and Forecast to 2027 (US$ Million)
        9.4.6.4.1 Japan: Smart Mining Market, by Component
        9.4.6.4.2 Japan: Smart Mining Market, by Mining Type
        9.4.6.4.3 Japan: Smart Mining Market, by Hardware Type
        9.4.6.4.4 Japan: Smart Mining Market, by Software and Solution Type
        9.4.6.5 South Korea: Smart Mining Market – Revenue and Forecast to 2027 (US$ Million)
        9.4.6.5.1 South Korea: Smart Mining Market, by Component
        9.4.6.5.2 South Korea: Smart Mining Market, by Mining Type
        9.4.6.5.3 South Korea: Smart Mining Market, by Hardware Type
        9.4.6.5.4 South Korea: Smart Mining Market, by Software and Solution Type
        9.4.6.6 Rest of APAC: Smart Mining Market – Revenue and Forecast to 2027 (US$ Million)
        9.4.6.6.1 Rest of APAC: Smart Mining Market, by Component
        9.4.6.6.2 Rest of APAC: Smart Mining Market, by Mining Type
        9.4.6.6.3 Rest of APAC: Smart Mining Market, by Hardware Type
        9.4.6.6.4 Rest of APAC: Smart Mining Market, by Software and Solution Type
        9.5 MEA: Smart Mining Market
        9.5.1 MEA: Smart Mining Market – Revenue and Forecast to 2027 (US$ Million)
        9.5.2 MEA: Smart Mining Market, by Component
        9.5.3 MEA: Smart Mining Market, by Mining Type
        9.5.4 MEA: Smart Mining Market, by Hardware Type
        9.5.5 MEA: Smart Mining Market, by Software and Solution Type
        9.5.6 MEA: Smart Mining Market, by Key Country
        9.5.6.1 South Africa: Smart Mining Market – Revenue and Forecast to 2027 (US$ Million)
        9.5.6.1.1 South Africa: Smart Mining Market, by Component
        9.5.6.1.2 South Africa: Smart Mining Market, by Mining Type
        9.5.6.1.3 South Africa: Smart Mining Market, by Hardware Type
        9.5.6.1.4 South Africa: Smart Mining Market, by Software and Solution Type
        9.5.6.2 Saudi Arabia: Smart Mining Market – Revenue and Forecast to 2027 (US$ Million)
        9.5.6.2.1 Saudi Arabia: Smart Mining Market, by Component
        9.5.6.2.2 Saudi Arabia: Smart Mining Market, by Mining Type
        9.5.6.2.3 Saudi Arabia: Smart Mining Market, by Hardware Type
        9.5.6.2.4 Saudi Arabia: Smart Mining Market, by Software and Solution Type
        9.5.6.3 UAE: Smart Mining Market – Revenue and Forecast to 2027 (US$ Million)
        9.5.6.3.1 UAE: Smart Mining Market, by Component
        9.5.6.3.2 UAE: Smart Mining Market, by Mining Type
        9.5.6.3.3 UAE: Smart Mining Market, by Hardware Type
        9.5.6.3.4 UAE: Smart Mining Market, by Software and Solution Type
        9.5.6.4 Rest of MEA: Smart Mining Market – Revenue and Forecast to 2027 (US$ Million)
        9.5.6.4.1 Rest of MEA: Smart Mining Market, by Component
        9.5.6.4.2 Rest of MEA: Smart Mining Market, by Mining Type
        9.5.6.4.3 Rest of MEA: Smart Mining Market, by Hardware Type
        9.5.6.4.4 Rest of MEA: Smart Mining Market, by Software and Solution Type
        9.6 SAM: Smart Mining Market
        9.6.1 SAM: Smart Mining Market – Revenue and Forecast to 2027 (US$ Million)
        9.6.2 SAM: Smart Mining Market, by Component
        9.6.3 SAM: Smart Mining Market, by Mining Type
        9.6.4 SAM: Smart Mining Market, by Hardware Type
        9.6.5 SAM: Smart Mining Market, by Software and Solution Type
        9.6.6 SAM: Smart Mining Market, by Key Country
        9.6.6.1 Brazil: Smart Mining Market – Revenue and Forecast to 2027 (US$ Million)
        9.6.6.1.1 Brazil: Smart Mining Market, by Component
        9.6.6.1.2 Brazil: Smart Mining Market, by Mining Type
        9.6.6.1.3 Brazil: Smart Mining Market, by Hardware Type
        9.6.6.1.4 Brazil: Smart Mining Market, by Software and Solution Type
        9.6.6.2 Argentina: Smart Mining Market – Revenue and Forecast to 2027 (US$ Million)
        9.6.6.2.1 Argentina: Smart Mining Market, by Component
        9.6.6.2.2 Argentina: Smart Mining Market, by Mining Type
        9.6.6.2.3 Argentina: Smart Mining Market, by Hardware Type
        9.6.6.2.4 Argentina: Smart Mining Market, by Software and Solution Type
        9.6.6.3 Rest of SAM: Smart Mining Market – Revenue and Forecast to 2027 (US$ Million)
        9.6.6.3.1 Rest of SAM: Smart Mining Market, by Component
        9.6.6.3.2 Rest of SAM: Smart Mining Market, by Mining Type
        9.6.6.3.3 Rest of SAM: Smart Mining Market, by Hardware Type
        9.6.6.3.4 Rest of SAM: Smart Mining Market, by Software and Solution Type
        10. Industry Landscape
        10.1 Overview
        10.2 Market Initiative
        10.3 Merger and Acquisition
        10.4 New Development
        11. Company Profiles
        11.1 ABB Ltd.
        11.1.1 Key Facts
        11.1.2 Business Description
        11.1.3 Products and Services
        11.1.4 Financial Overview
        11.1.5 SWOT Analysis
        11.1.6 Key Developments
        11.2 Alastri
        11.2.1 Key Facts
        11.2.2 Business Description
        11.2.3 Products and Services
        11.2.4 Financial Overview
        11.2.5 SWOT Analysis
        11.2.6 Key Developments
        11.3 Caterpillar Inc.
        11.3.1 Key Facts
        11.3.2 Business Description
        11.3.3 Products and Services
        11.3.4 Financial Overview
        11.3.5 SWOT Analysis
        11.3.6 Key Developments
        11.4 Intellisense.io
        11.4.1 Key Facts
        11.4.2 Business Description
        11.4.3 Products and Services
        11.4.4 Financial Overview
        11.4.5 SWOT Analysis
        11.4.6 Key Developments
        11.5 Hexagon AB
        11.5.1 Key Facts
        11.5.2 Business Description
        11.5.3 Products and Services
        11.5.4 Financial Overview
        11.5.5 SWOT Analysis
        11.5.6 Key Developments
        11.6 Hitachi, Ltd.
        11.6.1 Key Facts
        11.6.2 Business Description
        11.6.3 Products and Services
        11.6.4 Financial Overview
        11.6.5 SWOT Analysis
        11.6.6 Key Developments
        11.7 MineSense
        11.7.1 Key Facts
        11.7.2 Business Description
        11.7.3 Products and Services
        11.7.4 Financial Overview
        11.7.5 SWOT Analysis
        11.7.6 Key Developments
        11.8 Rockwell Automation, Inc.
        11.8.1 Key Facts
        11.8.2 Business Description
        11.8.3 Products and Services
        11.8.4 Financial Overview
        11.8.5 SWOT Analysis
        11.8.6 Key Developments
        11.9 SAP SE
        11.9.1 Key Facts
        11.9.2 Business Description
        11.9.3 Products and Services
        11.9.4 Financial Overview
        11.9.5 SWOT Analysis
        11.9.6 Key Developments
        11.10 Trimble Inc.
        11.10.1 Key Facts
        11.10.2 Business Description
        11.10.3 Products and Services
        11.10.4 Financial Overview
        11.10.5 SWOT Analysis
        11.10.6 Key Developments
        12. Appendix
        12.1 About The Insight Partners
        12.2 Word Index

Description

The global smart mining market accounted for US$ 9.8 billion in 2019 and is expected to grow at a CAGR of 18.9% during 2020–2027 to reach US$ 38.5 billion by 2027.

Growing demand for minerals and metals leads to increasing mining activities that drive the growth of the smart mining market. Rising adoption of autonomous equipment, increased concerns about safety and security, growing environmental concerns are among the factors boosting the growth of the smart mining market. Furthermore, smart mining technology is considerably safer and environment-friendly than traditional mining technology. The deployment of smart mining solutions help mining companies minimize the labor cost and increase production efficiency with the help of real-time communication and monitoring. By implementing advanced technologies, mining operators can expand their current wireless network of embedded sensors. For instance, the installation of automation software enables an operator to monitor static and moving assets remotely and program automated interaction. With the rising adoption of sensor technology, IIoT, and smart devices, the demand for these solutions has tremendously grown across the regions. The evolution of smart mines and increased spending of ICT in the mining industry are moderately driving the overall growth of the market.

The global smart mining market is segmented into component and mining type. Based on component, the market is segmented into hardware, software, and services. Hardware covers RFID tags, sensors, intelligent system, and others. Software covers logistics software, data & operation management, safety & security system, connectivity solution, analytics solution, remote management solution, and asset management solution. Based on mining type, the market is segmented into underground mining and surface mining.

The well-established market players operating in the smart mining market include ABB Ltd., Alastri, Caterpillar Inc., Intellisense.io, Hexagon AB, Hitachi, Ltd., MineSense, Rockwell, Automation, Inc., SAP SE, and Trimble Inc.

The overall global smart mining market size has been derived using both primary and secondary sources. The research process begins with exhaustive secondary research using internal and external sources to obtain qualitative and quantitative information related to the global smart mining market. It also provides an overview and forecast for the smart mining market based on all the segmentation provided for the global regions. Also, primary interviews were conducted with industry participants and commentators to validate data and analysis. The participants who typically take part in such a process include industry expert such as VPs, business development managers, market intelligence managers, and national sales managers, and external consultants such as valuation experts, research analysts, and key opinion leaders specializing in the smart mining industry.