According
to study, “Global
Smart Mining Market Size study, by Hardware Component (Sensors, RFID Tags,
Intelligent Systems), by Systems and Solutions (Logistics Software, Data &
Operation Management software, Safety & Security Systems, Connectivity
Solutions, Analytics Solution, Remote Management solutions, Asset Management
Solution), by Service (support & Maintenance, System Integration, Consulting
services) and Regional Forecasts 2018-2025”
some of the major companies that are currently working in the global smart
mining market are Cisco System Inc., Rockwell automation, Hitachi Construction Machinery
CO. Ltd., Komatsu Mining Corporation (Joy Global), SAP SE, Alcatel-Lucent
Company, Symbotic ware Inc., Joy Global Inc., IBM Corp., Trimble Navigation
Ltd., ABB Ltd., Stone Three Mining Pte Ltd., Wenco International Mining Systems
Ltd., Atlas Copco, Joey Global Inc., Caterpillar Inc., Intellisense IO, Alcatel-
Lucent, Hexagon AB, Outotec Oyj, Thingworx.
Smart
Mining refers to the incorporation or integration of Information and
Communications technology (ICT) solutions to the entire supply chain of the
mining production. It adds to the connectivity between the employees, managers,
and experts in order to allow optimum production with the criteria retrieving the
smallest amount or no wastes at any stage smart friendly landscape. Smart
mining provides use of information, technology and autonomy to facilitate high
productivity, low operational costs and improved safety during mining. Some of
the major components use of smart mines techniques include GPS trackers,
wireless embedded sensors, easy to install with ease to maintaining a data
security.
Based
on mining type, the global smart mining market includes surface mining and
underground mining. The surface mining includes open pit mining or open cast mining.
Based on automated equipment is segmented into drillers & breakers, load
haul dump, excavators, robotic truck and other automated equipment. Based on
hardware component market is segmented into RFID tags, sensors, intelligent
systems and others. Based on software solutions include connectivity solutions,
remote management solutions, analytics solutions, logistics software, safety
& security systems, asset management solutions and data & operation
management software etc. Based on the services, market segmented into automated
equipment training services, support & maintenance, consulting services and
system integration & implementation services etc.
The
global smart mining is mainly driven by rise in implementation of autonomous
equipment. Some of the other driving factors include focus on safety & health,
incorporation of latest technologies, rapid adoption of Internet of Things
(IoT), empowers effectual connectivity among miners, optimum product output, and
initiatives toward plant automation. Apart from benefits some of the factors
impacting the market growth include availability of poor infrastructure, lack
of awareness about technologies in developing economies, stringent government
regulation and lack of skilled labor are negatively impact the market. In
addition, some the key opportunities associated with market augmentation include
investment in rich mining infrastructure, enhancement in digital mining
concepts and plant automation.
Asia-Pacific
is the leading region for the global smart mining market and expected to
continue the development in the coming years. The region is expected to experience
huge growth owing to the increased investments from the mining vendors for the
automated equipment & intelligent systems. In addition, North American
region is likely to witness productive growth. In a near future, it is
estimated that the market to grow rapid pace due to the investments towards
better mining infrastructure demand.
For more information on the research
report, refer to below link:
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Research
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