Smart mining represents the automation of the mining process utilizing advanced solutions, including cloud, 3D imaging, modeling software, automated equipment, hardware, etc. It assists in providing real-time visibility of equipment conditions, minimizing downtime, eliminating maintenance costs, reducing operational pressure, etc. As a result, smart mining also ensures data security and long-term maintenance of critical assets, due to which it is gaining traction across the globe.

Smart Mining Market Trends:

As conventional mining practices involve continuous exposure of the workers to ultra-violet (UV) rays, dust, noise, chemicals, etc., which causes severe health problems, there is a rise in demand for smart mining. Moreover, it is integrated with the autonomous fleet, remote-controlled equipment, and ventilation solutions to offer safe working conditions and enhance operational productivity. This, in turn, is acting as another growth-inducing factor. In addition to this, the implementation of novel technologies to ensure better quality production and the increasing adoption of price-cutting schemes in the mining industry are further catalyzing the product demand. Additionally, the growing environmental concerns, continuous technological advancements, and the implementation of stringent regulations by government bodies to control greenhouse gas emissions and air pollution are anticipated to drive the smart mining market in the coming years.

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Smart Mining Market 2021-2026 Analysis and Segmentation:

Competitive Landscape:

ABB Ltd, Caterpillar Inc, Cisco Systems Inc, Hexagon AB, Hitachi Ltd, Komatsu Ltd, Robert Bosch GmbH, Rockwell Automation Inc, Sandvik AB, SAP SE and Trimble Inc.

The report has segmented the market on the basis on region, disc type, material type and end user.

Breakup by Type:

Underground Mining

Surface Mining

Breakup by Component:

Hardware

Sensors

RFID Tags

Intelligent System

Others

Software

Data and Operation Management Software

Safety and Security Systems

Connectivity Solutions

Analytics Solutions

Remote Management and Logistics Solutions

Asset Management Solutions

Services

Support and Maintenance

System Integration

Consulting Services

Breakup by Automated Equipment:

Excavator

Robotic Truck

Driller and Breaker

Load Haul Dump

Others

Breakup by Region:

North America

United States

Canada

Asia-Pacific

China

Japan

India

South Korea

Australia

Indonesia

Others

Europe

Germany

France

United Kingdom

Italy

Spain

Russia

Others

Latin America

Brazil

Mexico

Others

Middle East and Africa

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