The global smart mining market accounted for US$ 9.8 billion in 2019 and is expected to grow at a CAGR of 18.9% over the forecast period 2020-2027, to account for US$ 38.5 billion by 2027.
Increasing demand for minerals and metals leads to increasing the expansion of mining activity that drives the growth of the smart mining market. Rising adoption of autonomous equipment, increased concerns about safety and security, growing environmental concerns are boosting the growth of the smart mining market. Furthermore, smart mining technology is considerably safer and environment-friendly as compared to the traditional mining technology. The deployment of the solutions for smart mining aid the mining companies to minimalize the labor cost and increase the efficiency of production efficiency with the help of real-time communication &monitoring. By the implementation of advanced technologies, mining operators can expand their current wireless network of embedded sensors.
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- ABB Ltd.
3. Caterpillar Inc.
5. Hexagon AB
6. Hitachi, Ltd.
8. Rockwell Automation, Inc.
9. SAP SE
10. Trimble Inc.
After studying key companies, the report focuses on the startups contributing towards the growth of the market. Possible mergers and acquisitions among the startups and key organizations are identified by the report’s authors in the study. Most companies in the Smart Mining Market are currently engaged in adopting new technologies, strategies, product developments, expansions, and long-term contracts to maintain their dominance in the global market
Analysis tools such as SWOT analysis and Porter’s five force model have been inculcated in order to present a perfect in-depth knowledge about Smart Mining Market. Ample graphs, tables, charts are added to help have an accurate understanding of this market. The Smart Mining Market is also been analyzed in terms of value chain analysis and regulatory analysis.
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In-depth qualitative analyses include identification and investigation of the following aspects:
Restraints and Challenges
Emerging Product Trends & Market Opportunities
Risk Assessment for Investing in Global Market
Critical Success Factors (CSFs)
The competitive landscape of the market has been examined on the basis of market share analysis of key players. Detailed market data about these factors is estimated to help vendors take strategic decisions that can strengthen their positions in the market and lead to more effective and larger stake in the global Smart Mining Market. Pricing and cost teardown analysis for products and service offerings of key players has also been undertaken for the study.
Table of Contents:
1 Executive Summary
3 Smart Mining Market Overview
4 Market Trend Analysis
5 Global Smart Mining Market Segmentation
6 Market Effect Factors Analysis
7 Market Competition by Manufacturers
8 Key Developments
9 Company Profiling
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