The underground mining automation market to hold the largest share between 2017 and 2023
[146 Pages Report] The mining automation market is expected to grow from USD 2.22 Billion in 2017 to reach USD 3.29 Billion by 2023, at a CAGR of 6.77% between 2017 and 2023. The base year considered for the study is 2016, and the forecast period is between 2017 and 2023.
The adoption of mining automation in various mineral ore sites has increased the number of strategic partnerships between mining automation equipment vendors and other communication systems providers. For instance, Australia is the member economy of Asia-Pacific Economic Corporation (APEC) that receives a large proportion of its income from mining. In June 2016, BHP Billiton Ltd. (Australia), a leading mining company, awarded a contract to Atlas Copco AB (Sweden) for autonomous upgrade packages for 18 drill rigs. The automation of drill rigs has helped BHP Billiton to significantly increase the safety of its personnel at the mine sites and increase the productivity and efficiency of their mining operations in Pilbara, Australia.
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The objective of the report is to provide a detailed analysis of the mining automation market based on technique, type, workflow, and geography. The report provides detailed information regarding the major factors influencing the growth of the market. The report also gives a detailed overview of the value chain in the mining automation market and analyzes the market trends.
The major players in the mining automation market are Atlas Copco (Sweden), Caterpillar (US), Hexagon (Sweden), Komatsu (Japan), and Sandvik (Sweden).
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