Global Smart Mining Market: Size, Trend, Share, Opportunity Analysis, and Forecast, 2014-2025 [Updated: 01-03-2017]

Published by Progressive Markets: 01 Mar 2017 | 601722 | In Stock

Progressive Markets

Smart mining is the integration of information and communication technology (ICT) with operational functions, such as supply chain of the mining industry, enabling efficient connectivity among supervisors, workers, and technicians to allow optimal production and recovery. Smart mining also leads to least or no wastage at any level and provides enhanced safety and security to workers and operators. Robust adoption of Internet of Things (IoT) in smart mining increases operational efficiency and reduces downtime. Increased adoption of infrared sensors and safety & security solutions at the mining sites has led to remarkable growth of the smart mining market. The global smart mining market is expected to grow at a CAGR of 15.3% from 2017 to 2025.

The global smart mining market is segmented based on hardware components, system & solutions, services, methods, and geography. Based on hardware components, the market is divided into sensors, radio-frequency identification (RFID) tags, and intelligent systems. Based on system & solutions, it is categorized into smart assets, smart logistics, smart control systems, smart safety & security systems, and remote management solutions. By service, it is classified into support & maintenance, system integration, and consulting services. By method, the market is segmented into surface mining and underground mining. Geographic breakdown and deep analysis of each of the aforesaid segments have resulted in the following regions: North America, Europe, Asia-Pacific, and LAMEA.

Market Dynamics:

Drivers:

• High cost efficiency

• Enhanced safety and security of mine workers

Restraints:

• Poor infrastructure in developing countries

• Lack of qualified and skilled labor



Market Players:

The top players in the global smart mining market include ABB Group, Alastri, Cisco Systems, Inc., Hexagon AB, Intellisense.Io., Rockwell Automation, SAP SE, Symboticware Inc., Trimble Navigation Limited, and Thingworx.

KEY TAKEAWAYS





MARKET LANDSCAPE

• By Hardware Component

o Sensors

o Radio-frequency Identification (RFID) Tags

o Intelligent Systems

• By System & Solutions

o Smart Assets

o Asset Performance Management

o Asset Predictive Maintenance

o Inventory and Asset Tracking

o Smart Logistics

o Fleet Management

o Freight Management Systems

o Smart Control Systems

o Temperature Control Systems

o Fuel Emission Control Systems

o Air Quality Monitoring Systems

o Smart Safety & Security Systems

o Proximity Detection and Collision Avoidance System

o Fatigue Monitoring System

o Security

o Remote Management Solutions

o Health Monitoring

o Workforce Management

o Site Management

• By Service

o Support and Maintenance

o System Integration

o Consulting Services

• By Method

o Surface Mining

o Underground Mining

• By Geography

o North America

? U.S.

? Canada

? Mexico

o Europe

? UK

? Germany

? France

? Spain

? Italy

? Rest of Europe

o Asia-Pacific

? China

? Japan

? India

? Australia

? South Korea

? Rest of Asia-Pacific

o LAMEA

? Brazil

? Saudi Arabia

? South Africa

? Rest of LAMEA

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