Connected Mining Market overview:
In a recent research report by MarketResearch Industry, the Connected Mining Market is expected to surpass USD 21.7 Billion
by the year 2028, from USD 9.51 Billion in 2021.
The next-generation land mine system,known as connected mining market, combines surface and underground mining toextract and manage mining resources more effectively. Moreover, connected
mining boost productivity, protects workers, reduced overall production cost,
and enhances production efficiency.
Asia Pacific is estimated to grow at thehighest CAGR during the forecast period in the connected mining market. In the
Asia Pacific area, China is expected to lead the region, followed by Indonesia,
India, the Philippines, and Papua New Guinea (PNG). Further, China is the most
promising contributor in terms of smart mining initiatives. India might be
considered the next high-potential option for the top global-linked mining
industry suppliers due to the country's increasing mineral demand.
By Application, the segment is categorizedinto Exploration, Processing, and Refining, Transportation. The exploration
segment is anticipated to lift the growth of the application segment in the
connected mining market. The factor responsible for the growth of the market is
the rapidly adopting of technological, automotive, and digitalized solutions by
the mining industries
The market is projected to grow at asignificant pace reaching a CAGR of approximately 12.5%, over the forecast
period of 2022–2028, despite a considerable fall in product sales during the
initial phase of pandemic spread and lockdown restrictions imposed globally.
The study is consolidated into major segments and further into sub-segments,such as by Component (Solutions, Services), Solution (Asset Tracking and
Optimization, Fleet Management), Service (Professional, Managed), Mining Type
(Surface, Underground), Deployment Mode (On-premises, Cloud), Application,
(Exploration, Processing, and Refining, Transportation), to forecast the Connected miningmarket size by value; also includes the analysis of past market dynamics from 2016 –2021, considering 2021 as the base year.
Lastly, thereport includes a regional analysis and country analysis with the latest
trends, along with the major key players including- ABB, IBM, SAP, Cisco, SchneiderElectric, Komatsu, Hexagon, Caterpillar, Rockwell Automation, Trimble, Siemens,
Howden, Accenture, PTC, Hitachi, Eurotech Communication, Wipro, MST Global, GE
Digital, Symboticware, Getac, IntelliSense.io, Zyfra, Axora, GroundHog,
SmartMining SpA, and Applied Vehicle Analysis.
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