Global Autonomous Mining Equipment Market Size, Drivers, Trends, Opportunities And Strategies – Includes Autonomous Mining Equipment Market Size
The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032
Rising concerns regarding miners’ safety are expected to drive innovation in autonomous mining equipment manufacturing, thus driving the market during the forecast period.
The global autonomous mining equipment market is expected to grow from $2.6 billion in 2022 to $2.77 billion in 2023 at a compound annual growth rate (CAGR) of 6.8%. The global autonomous mining equipment market size is expected to grow to $3.5 billion in 2027 at a CAGR of 6.0%.
Get A Free Sample On The Global Autonomous Mining Equipment Market Report:
- By Type: Autonomous Hauling/Mining Trucks, Autonomous Drilling Rigs, Underground LHD Loaders, Tunneling 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 is the largest region in the global autonomous mining equipment market in 2021.
Major Market Players in the autonomous mining equipment market include Caterpillar, Komatsu, Rockwell Automation, Hitachi, Sandvik, Hexagon, and Atlas Copco.
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.
The Autonomous Mining Equipment Global Market Report 2023 provides a autonomous mining equipment market overview for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The autonomous mining equipment market forecast analyzes autonomous mining equipment market size, autonomous mining equipment market share, leading competitor market positions. The regions covered in the report include Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa and the countries include Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
Autonomous mining equipment is an autonomously or remotely operated machine that is involved in mining activity.
Explore Similar Reports From The Business Research Company:
Learn More About The Business Research Company
The Business Research Company has published over 3000+ detailed industry reports, spanning over 3000+ market segments and 60 geographies. The reports draw on 1,500,000 datasets, extensive secondary research, and exclusive insights from interviews with industry leaders.
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 8897263534
Americas: +1 315 623 0293
Follow us on LinkedIn: https://in.linkedin.com/company/the-business-research-company
Follow us on Twitter: https://twitter.com/tbrc_info
Check out our Global Market Model: https://www.thebusinessresearchcompany.com/global-market-model
Found this article helpful? Share it on: