Global Mining Automation Market

Global Mining Automation Market Size, Share, Growth Analysis, By Solution(Solution, Software Automation), By Application(Metal Mining, Mineral Mining) - Industry Forecast 2024-2031

Report ID: SQMIG15J2051 | Region: Global | Published Date: March, 2024
Pages: 184 | Tables: 64 | Figures: 75

Global Mining Automation Market News

  • 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.

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FAQs

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 to real-time data and analytics via visualization tools. Several operators have teamed up with technology firms to build underground wireless networks.

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.', 'Komatsu Ltd.', 'Sandvik AB', 'Hitachi Construction Machinery Co., Ltd.', 'Epiroc AB', 'Hexagon AB', 'ABB Ltd.', 'Rockwell Automation, Inc.', 'Trimble Inc.', 'Schneider Electric SE', 'Autonomous Solutions Inc.', 'RPMGlobal Holdings Limited', 'Joy Global Inc. (now part of Komatsu)', 'Atlas Copco AB', 'Symboticware Inc.', 'MineSense Technologies Ltd.', 'Motion Metrics International Corp.', 'ASI Mining', 'MST Global', 'RPMGlobal Holdings Limited'

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.

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.

Asia Pacific dominated the industry, accounting for more than 39.75% of total sales in 2022. The regional 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.

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