Learn about the global autonomous mining equipment market through The Business Research Company, which provides information on autonomous mining equipment market size, autonomous mining equipment market drivers and restraints, autonomous mining equipment market players, the COVID-19 impact on the autonomous mining equipment market, and more.

The global autonomous mining equipment market size is expected to grow from $2.44 billion in 2021 to $2.6 billion in 2022 at a compound annual growth rate (CAGR) of 6.6%. The global autonomous mining equipment market size is expected to grow to $3.33 billion in 2026 at a compound annual growth rate (CAGR) of 6.4%.

Rising concerns regarding miners’ safety are driving the autonomous mining equipment market.

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The autonomous mining equipment market consists of sales of autonomous mining equipment that works on wireless communication technologies and electronic tracking (CT) systems. Autonomous equipment involves minimal human intervention and helps in safe and productive mining and transportation of ores and other materials. The market consists of revenue generated by the company’s manufacturing autonomous mining equipment by the sales of these products

Global Autonomous Mining Equipment Market Segments Include:

By Type: Autonomous Hauling/Mining Trucks, Autonomous Drilling Rigs, Underground LHD Loaders, Tunnelling Equipment, Other Types.

By Mine: Surface Mines, Underground Mines.

By Application: Metal, Coal, Other Applications

By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, Asia-Pacific was the largest region in the autonomous mining equipment market in 2021.

Implementing data analytics such as artificial intelligence, machine learning, Internet of Things (IoT)-embedded systems, and other analytics in mining systems is a key trend in the autonomous mining equipment market. Artificial intelligence (AI) is helping to transform the mining industry into a safer, more profitable, and more environmentally friendly industry. AI can analyze vast quantities of data to better predict where to find better resources, along with minimizing errors. IoT system advances in mining equipment are making extraction cheaper without deteriorating existing grades. All of these changes are helping the industry improve its efficiency from mine to market.

TBRC’s autonomous mining equipment market report covers:

Major Market Players: Caterpillar, Komatsu, Rockwell Automation, Hitachi, Sandvik, Hexagon, and Atlas Copco.

Regions: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.

Countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

Time Series: Five years historic (2016-21) and ten years forecast (2022-2026-2031)

The Autonomous Mining Equipment Global Market Report 2022 – Market Size, Trends, And Global Forecast 2022-2026 is one of a series of new reports from The Business Research Company that provides autonomous mining equipment market overviews, analyzes and forecasts market size, share, autonomous mining equipment market players, autonomous mining equipment market segments and geographies, leading competitor revenues, profiles and market shares.

TBRC’s autonomous mining equipment market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.

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