Mining Automation is rapidly replacing human labour with the fully automated machinery in the mining process in order to reduce mishaps occurring in mines as well as making the process fast and pr?cised. Automation in mining can be delivered with the combined strength of equipment, software, and usage of communication systems. The industry is facing several changes in the path of automation, however, some of the developed country shifting rapidly towards semi-automated to fully-automated mines as per requirement and capital availability.
MARKET SCOPE
The "Global Mining Automation Market Analysis to 2028" is a specialized and in-depth study of the mining automation market with a special focus on the global market trend analysis. The report aims to provide an overview of mining automation market with detailed market segmentation by component and application. The global mining automation market expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading mining automation market player and offers key trends and opportunities in the mining automation market.
MARKET SEGMENTATION
? Based on technique the market is segmented into underground mining and surface mining.
? Based on component the market is segmented into equipment, software, and communication device.
? Further, based on application the market is segmented into mine development, mining process, and mine maintenance.
MARKET DYNAMICS
Drivers
? A major driver for the market is to ensure the safety of the workers and labors working in the site of mines enclosed with hazardous risks and increase in the productivity of mines. Also, it reduces the wages overheads incurred on workers.
Restraints
? The dearth of qualified, professional, and technical personnel to operate the highly advanced machines and equipment act as a restraining factor in the mining automation market.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the global mining automation market based on various segments. It also provides market size and forecast estimates from year 2019 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The mining automation market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 18 countries globally along with current trend and opportunities prevailing in the region.
The report analyzes factors affecting mining automation Market from both demand and supply side and further evaluates market dynamics effecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA and South America after evaluating political, economic, social and technological factors effecting the mining automation market in these regions.
IMPACT OF COVID-19 ON MINING AUTOMATION MARKET
COVID-19 first began in Wuhan (China) during December 2019 and since then it has spread at a fast pace across the globe. The US, India, Brazil, Russia, France, the UK, Turkey, Italy, and Spain are some of the worst affected countries in terms confirmed cases and reported deaths. The COVID-19 has been affecting economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. Shutdown of various plants and factories has affected the global supply chains and negatively impacted the manufacturing, delivery schedules, and sales of products in global market. Few companies have already announced possible delays in product deliveries and slump in future sales of their products. In addition to this, the global travel bans imposed by countries in Europe, Asia-Pacific, and North America are affecting the business collaborations and partnerships opportunities.
MARKET PLAYERS
The reports cover key developments in the mining automation market organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for expansion of business and customer base of market players. The market players from mining automation market are anticipated to lucrative growth opportunities in the future with the rising demand for mining automation market. Below mentioned is the list of few companies engaged in the mining automation market.
The report also includes the profiles of key mining automation market companies along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, components and services offered, financial information of last 3 years, key development in past five years.
? ABB Ltd.
? Autonomous Solutions Inc.
? Atlas Copco
? Caterpillar Inc.
? Hexagon AB
? Komatsu Ltd.
? Rockwell Automation, Inc.
? Sandvik AB
? Siemens AG
? Trimble Inc.
The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.