USD 5.67 billion
Mining Automation Market Size, Share, and Growth Analysis
Mining Automation Market By Offering (Equipment, Software), By Technique (Underground Mining, Surface Mining), By Workflow (Mining Process, Mine Maintenance), By Region - Industry Forecast 2025-2032
Report ID:
SQMIG15J2051 |
Region:
Global |
Published Date: February, 2025
Pages:
184
|Tables:
64
|Figures:
75
Format -
Mining Automation Market Insights
Mining Automation Market size was valued at USD 5.67 billion in 2023 and is poised to grow from USD 6.08 billion in 2024 to USD 10.69 billion by 2032, growing at a CAGR of 7.3% during the forecast period (2025-2032).
The rapid growth of technology, including Artificial Intelligence (AI) and robots, has resulted in a greater use of mining automation solutions to increase production efficiency. The increasing trend of incorporating cutting-edge technologies is driving the growth of automated mining solutions. The rise of the World Wide Web of Things (IoT) in this industry provides mine management access real-time data and analytics via visualization tools. Several operators have teamed up with technology firms to build underground wireless networks.
For instance, International Business Machines, Inc. (IBM) declared its purchase of myInvenio, an Italian startup company, in April 2021. The company creates and runs process mining software. The goal of the collaboration is to include MyInvenio's process & task mining technologies into the IBM Cloud enabling Robotization, an environment for organizing and conducting robotization activities. The based-on data software and tools will assist the organization track sales, production, buying, and accounting. The growing demand for mining and worker security is driving industry expansion. Previously, traditional mining procedures jeopardized mine workers' safety, resulting in increasing risks on the mining site.
As a result, providers have developed intelligent mining systems and equipment to assure worker safety. ABB, for example, will launch the ABB Capability safety plus, a mine hoist suite, in November 2020. It is the mining industry's first fully independently approved Safety Truth Level 3 (SIL 3), and it's very particular and rare for risk mitigation as well as dangers for mine hoist solutions with proper security by providing three remedies: safety plus stop system, security plus hoist monitor, as well as safety plus raise protector. The effort attempts to make mining environments safer for people and equipment.
Market snapshot - 2025-2032
Global Market Size
Largest Segment
Metal Mining
Fastest Growth
Metal Mining
Growth Rate
7.3% CAGR
Global Mining Automation Market ($ Bn)
Country Share for Asia Pacific Region (%)
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Mining Automation Market Segments Analysis
Global Mining Automation Market is segmented by Offering, Technique, Workflow and region. Based on Offering, the market is segmented into Equipment, Software and Communication Systems. Based on Technique, the market is segmented into Underground Mining and Surface Mining. Based on Workflow, the market is segmented into Mining Process, Mine Maintenance and Mine Development. Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa.
Mining Automation Market Analysis by Solution
The software automation category dominated the mining automation market, accounting for more than 42.10% of worldwide revenue. Furthermore, over the anticipated period, the equipment automation category is expected to increase significantly. The segment's expansion is likely to be fueled by the creation of robust technologically driven vehicles such as self-driving trucks, handheld equipment, & teleoperated mining equipment. Rapid advances in hardware automation technologies are projected to continue to simplify the way large-scale mining is carried out around the world.
Rio Tinto is a mining and metals corporation established in the United Kingdom that produces copper, substances, iron ore, and aluminum. It has deployed roughly 400 haul trucks equipped with Automated Haulage Systems (AHS) at the Samar mine in Australia. Furthermore, the business plans to expand its autonomous vehicle programmed by equipping Caterpillar Inc. vehicles and 29 Mitsubishi Ltd. haul trucks for the Brockman 4 mining functioning, allowing the facility to operate totally autonomously. Furthermore, cordless cameras, sensors, and RFID (Radio Frequency Identification) materials have arisen as widespread applications in the mining business.
Wireless technologies have moved to instrument and device networks for effective monitoring and handling of assets strategies. The programme intends to assist manufacturing services with efficiency, high precision tracking, and safety measures that will assist them under difficult conditions. Minetec enables Caterpillar Inc. surveillance in real-time and mining operations regulators, allowing miners to visualize the entire mine to optimize productivity and safety.
Mining Automation Market Analysis by Industry Vertical
The mineral mining sector led the market, accounting for more than 34.85% of worldwide revenue. The metal mine application is expected to increase significantly during the projection period. The rising use of automated technology in metal prospecting activities can be related to the expansion. Furthermore, increased application industry demand for metals such as the metal copper, zinc, lead, & nickel is predicted to add to revenue growth. Furthermore, to satisfy the increased need for base metals, the metal mining industry saw a surge in demand for automated solutions.
The Commonwealth Science and Industrial Research Organization (CSIRO) has collaborated with the Australian coal sector to create an underground automated system that protects workers from mining hazards and increasing production. For example, in April 2021, IBM, an international technology company that provides cloud-based services & produces and sells computer software and hardware, announced a cooperation with Celonis. This data processing firm offers SaaS to improve corporate processes. The initiative's goal is to improve procedure mining tools and find gaps in business processes. The programme will assist in the correction of any business process, such as finance, supply chain, human resources, or customer experience, allowing them to understand exactly their operations are performing and make necessary modifications.
Global Mining Automation Market By Industry
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Mining Automation Market Regional Insights
Asia Pacific dominated the industry, accounting for more than 39.75% of total sales. The regional mining automation market is expected to be driven by the usage of automation technology throughout Australia. The Australian economy is witnessing the deployment of robots & remote-controlled machinery for the safe and effective exploitation of resources. Untapped drilling & exploration potential in nations such as China and India are likely to present significant growth prospects during the projection period. Sandvik AB, for example, purchased Deswik, an Australian business that provides mining-integrated software & consulting solutions, in 2022.
It consists of operations planning, mining managing information, computer-aided 3D mine designs, & geological mapping. The programme attempts to bridge a value gap between the mining sector & Rock Solutions' offering. Because of the great growth potential of the United States and Canada, North America is predicted to be an exciting region. Mines in Alberta, Canada, have employed Komatsu Ltd. autonomous haul trucks to excavate and transport oil sands for processing into crude oil. Furthermore, with increased government initiatives in Africa, opportunities for exploration of mineral resources, & infrastructure are expanding in the MEA region.
Global Mining Automation Market By Region
- Largest
- Fastest
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Mining Automation Market Dynamics
Mining Automation Market Drivers
Increasing Focus on Safety
-
The mining industry is inherently hazardous, and there is a growing emphasis on improving safety conditions for workers. Automation technologies enable the remote operation of equipment and the use of autonomous vehicles, reducing the risk of accidents and improving worker safety.
Fleet management systems are in greater demand
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The increasing need for resources and minerals due to population increase and industrialization is propelling the connected mining fleet management market's growth. To meet this demand, mining operations are growing, and linked fleet management solutions are essential. These solutions assist mining companies in cutting costs, improving planning and judgement, and increasing operational effectiveness.
Mining Automation Market Restraints
High Initial Investment
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Implementing mining automation systems requires significant upfront investment in equipment, software, infrastructure, and training. The initial costs associated with adopting automation technologies can be a barrier for some mining companies, especially smaller operations.
Increased depletion of natural resources
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Mining operations cause erosion and the production of greenhouse gases, including carbon dioxide. They also cause the disruption of biomes. These procedures exacerbate long-term ecological damage, underscoring the vital necessity of sustainable mining methods to lessen their negative effects on the environment and protect ecosystems. Furthermore, lesser ore grades have been extracted from overuse of natural resources.
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Mining Automation Market Competitive Landscape
The players are focused on providing autonomous solutions that improve both cost and efficiency in mining operations. The suppliers are expanding their product offerings by including tele-remote functioning, AHS, and ADS solutions. Multiple suppliers are either retrofitting self-driving technology into their current inventory of equipment or developing a new line of autonomous products to establish a foothold in the industry. Caterpillar Inc. & Komatsu Ltd. now have autonomous truck lineups, whilst Rio Tinto Group has converted 19 Cat 793F mining tractors for autonomous operations.
Caterpillar Inc. has also deployed Cat Command for Hauling software for the driverless fleet. For example, in April 2022, Microsoft purchased Minit, one of the leading providers in procedure mining technology that assists businesses in transforming the way they analyse, manage, and optimize their processes. The programme seeks to increase process mining through automation, assisting clients in digitally transforming and driving functional excellence by establishing a complete image of their company's procedures, allowing every function to be smoothly and automatically analyzed and refined.
Top Players in Mining Automation Market
- Sandvik AB (Sweden)
- Rio Tinto Group (United Kingdom)
- Hexagon AB (Sweden)
- Komatsu Ltd. (Japan)
- Caterpillar Inc. (United States)
- ABB Ltd. (Switzerland)
- Siemens AG (Germany)
- Epiroc AB (Sweden)
- Hitachi Construction Machinery Co., Ltd. (Japan)
- Schneider Electric SE (France)
- Atlas Copco AB (Sweden)
- Trimble Inc. (United States)
- Rockwell Automation, Inc. (United States)
- Emerson Electric Co. (United States)
- Mitsubishi Electric Corporation (Japan)
- Yokogawa Electric Corporation (Japan)
- Honeywell International Inc. (United States)
- FLIR Systems, Inc. (United States)
- Teledyne Technologies Incorporated (United States)
- Fortescue Metals Group Ltd. (Australia)
Recent Developments in Mining Automation Market
- In March 2024, Sandvik received a major order from Codelco, the world's largest copper producer, to supply a AutoMineload and haul automation system, for use in the new Andesita project at the El Teniente mine in Chile. The order is valued at approximately $39.9 million (SEK300 million).
- In February 2024, RCT's agnostic machine control had been deployed on site to transform loader operations at Barminco's Nova Mine in Western Australia.
- In January 2024, mindzie, inc., a leading provider of Generative AI-Driven process mining and business process optimization software, announced the launch of a revolutionary new feature: integration with Python, the world's most popular programming language.
Mining Automation Key Market Trends
- Increasing Adoption of Autonomous Vehicles: There is a growing trend towards the use of autonomous vehicles, such as haul trucks, loaders, and drillers, in mining operations. Autonomous vehicles offer benefits such as improved safety, increased efficiency, and higher productivity by eliminating the need for human operators in hazardous environments.
- Integration of Artificial Intelligence and Machine Learning: Mining automation is incorporating advanced technologies like artificial intelligence (AI) and machine learning (ML) to optimize operations. AI and ML algorithms can analyze vast amounts of data, identify patterns, and make intelligent decisions to improve ore extraction, predict equipment failures, and optimize resource allocation.
- Remote Operation and Monitoring:Remote operation and monitoring capabilities are gaining prominence in the mining automation market. These technologies enable operators to control and monitor mining equipment and processes from a centralized control center, allowing for better resource management and real-time decision-making.
Mining Automation Market SkyQuest Analysis
SkyQuest's ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates and Analyses the Data collected by means of Primary Exploratory Research backed by the robust Secondary Desk research.
According to our analysis, we found that the Mining Automation Market The rapid growth of technology, including Artificial Intelligence (AI) and robots, has resulted in a greater use of mining automation solutions to increase production efficiency. The increasing trend of incorporating cutting-edge technologies is driving the growth of automated mining solutions. The rise of the World Wide Web of Things (IoT) in this industry provides mine management access real-time data and analytics via visualization tools. Several operators have teamed up with technology firms to build underground wireless networks.
| Report Metric | Details |
|---|---|
| Market size value in 2023 | USD 5.67 billion |
| Market size value in 2032 | USD 10.69 billion |
| Growth Rate | 7.3% |
| Base year | 2024 |
| Forecast period | 2025-2032 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
|
| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Mining Automation Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Mining Automation Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Mining Automation Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Mining Automation Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Mining Automation Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Mining Automation Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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