Allied Market Research, titled, Global Mining Automation Market by Technique and Type: Global Opportunities Analysis and Industry Forecast, 2017-2023, the mining automation market was valued at $2,193 million in 2016, and is projected to reach at $3,810 million by 2023, growing at a CAGR of 7.9% from 2017 to 2023.
Mining automation involves use of process and software
automation, and incorporation of robotic technology in mining vehicles and
automation. In 2016, the underground mining segment dominated the market, in
terms of revenue, due to increase in investment on automation and
infrastructure.
Asia-Pacific was the highest revenue contributor to the golf
cart market in 2016, accounting for around 31.41% share, owing to surge in
demand for mobility for automation and increase in transition from manual work
to automated work.
The report features a competitive scenario of the mining
automation market and provides a comprehensive analysis of key growth
strategies adopted by major players. Key players operating in the global mining
automation market include Autonomous Solution Inc., Atlas Copco, Caterpillar,
Hexagon, Hitachi, Komatsu Ltd., Mine site technologies, RPMGlobal Holdings
Ltd., Sandvik AB, and Trimble. These players have adopted competitive
strategies such as innovation, new product development, and market expansion to
boost the growth of the market.
Key Findings of the Mining Automation Market:
- The
underground mining segment accounted for the highest share in 2016.
- Equipment
segment generated the highest revenue in 2016.
- Asia-Pacific
is expected to dominate the market, in terms of market share, during the
forecast period
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