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Mining Automation Market Estimated to Rise Profitably during the Foreseeable Future

Press Release   •   Jan 29, 2018 02:16 EST

Mining is an important economic activity in many developed and developing countries. The complete process of extracting raw material in different sizes, chemistries, and shapes from the Earth’s crust and transforming them into a high quality and standardized final product is challenging. Mining involves vast material movement, tracking, synchronization, and scheduling on a large scale. Therefore, automation plays a significant role in the mining industry. Automation includes geographical/geological data systems software to autonomous machineries, and from mine implementation software to optimization or specialist systems. Automation in mining comprises automation of drilling operations which includes, driverless haulage trucks, and on board video systems for front and back view. Mining automation also includes environmental monitoring systems, which monitor groundwater, wastewater flow, acid rock drainage (ARD), temperature, and ventilation. Mining automation is helpful for various applications, which help increase the efficiency of automation processes such as improved performance and reduced downtime, enhanced safety from hazardous work environment, and better cost-effectiveness.

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Energy as process variable and autonomous systems are coming trends which increase the demand of mining automation in the upcoming years. Energy as process variable is considered to be a process which solves the deficiency of integration among energy and plant information segment. Moreover, mining enterprises are expected to investigate the efficiency and safety of autonomous equipment and its machineries, for instance, excavators, trucks, etc. The technology predicted the range from remote operation and semiautomatic operation, to a complete autonomous system with virtually zero human involvement. Increasing need for worker safety and reduction in operating costs are key drivers that are anticipated to fuel the mining automation market during the forecast period. However, depletion of natural resources and lack of skilled workers to operate automated mining equipment are expected to restraining the overall mining automation market in the near future. Furthermore, rising digitization in mining operations and evolution of smart connected mines are anticipated to present an opportunity to strengthen the mining automation market during the forecast period.

Based on technique, the global mining automation market has been segmented into workflow, type, and region. In terms of technique, the mining automation market has been bifurcated into surface mining technique and underground mining technique. The underground mining technique segment is expected to expand at a significant growth rate in the near future. Based on workflow, the mining automation market can be segregated into mine development, mining process, and mine maintenance. Moreover, the mining process segment is further sub-segmented into autonomous haulage and automated drilling.

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The mine maintenance sub-segment is further segmented into HVAC and mine dewatering. Based on type, the mining automation market is further segmented into equipment, software, and communications system. In terms of equipment type, the market is further segregated into autonomous hauling/mining truck, autonomous drilling rig, underground LHD loader, tunneling equipment, smart ventilations system, pumping stations, and others. Furthermore, the software type segment is further sub-segmented into workforce management, air quality and temperature monitoring system, fleet management, remote operating and monitoring, data management, and others. Based on communications system, the mining automation market has been segmented into wireless mesh networks, navigation system, and radio-frequency identification (RFID) tag. In terms of region, the mining automation market is divided into North America, Europe, Asia Pacific, Middle East & Africa (MEA), and South America.

Major vendors operating in the market include Atlas Copco, Caterpillar, Hexagon AB, Komatsu Limited, Sandvik Group, Autonomous Solutions, Inc., Hitachi Construction Machinery Co, Ltd., RPMGlobal Holdings Limited, Trimble Inc., Fluidmesh Networks LLC, Mine Site Technologies, and Symboticware Inc., and Schneider Electric Automation Company. These vendors are specialist in providing product and services such as communications systems, software, and ecosystem comprises system integrators, equipment, and distribution facility.

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