Mining is extraction of minerals and other geological materials from earth, usually from a lode, vein, seam, reef or placer deposit. Automated mining involves removal of human labor from mining process.
Major factor driving growth of the global mining automation market is increasing need for worker safety and growing need for improving productivity. In addition, growing digitalization and need to reduce operation cost is another factor expected to support growth of the global mining automation market over the forecast period.
Global mining automation market is segmented on the basis of technique, type, and region.
On the basis of technique, the global mining automation market is segmented into underground mining automation and surface mining automation.
On the basis of type, the global mining automation market is segmented into equipment, software, and communication system.
On the basis of region, the global mining automation market is segmented into North America, Europe, Asia Pacific, Latin America, Middle East & Africa.
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The market in North America is expected to account for largest share in the global market in terms of revenue, owing to increasing use of robotics technology, well developed IT infrastructure, and presence of prominent players operating in this region. The market in Europe is expected to account for second-largest revenue share in the global market. The market in Asia Pacific is projected to register highest CAGR in terms of revenue over the forecast period, owing to owing to incorporation of automated solutions in mining industry by big market players in emerging economies in this region.
Key players operating in global mining automation market include Autonomous Solution Inc., Atlas Copco AB, Caterpillar Inc., Hexagon AB (publ), Hitachi, Ltd., Komatsu Ltd., Mine Site Technologies Pty Limited, RPMGlobal Holdings Ltd., Sandvik AB, and Trimble Inc.