Smart Mining Solution Market to Witness Growth by a CAGR of ~14% throughout 2022 – 2030 Owing to the Increasing Adoption of Autonomous Equipment Around the World

Research Nester published a report titled “Smart Mining Solution Market: Global Demand Analysis & Opportunity Outlook 2030” which delivers detailed overview of theglobalsmart mining solution market in terms of market segmentation by hardware component, software solution, services, automated equipment, and by region.

Further, for the in-depth analysis, the report encompasses the industry growth indicators, restraints, supply and demand risk, along with detailed discussion on current and future market trends that are associated with the growth of the market.

The global smart mining solution market is estimated to occupy a sizeable revenue by growing at a CAGR of ~14% during the forecast period, i.e., 2022 – 2030, owing to the rising autonomous equipment across the globe, and growing demand for metals and minerals in several industry verticals. Apart from these, increasing advancements in IoT and AI technologies, and high demand for durable goods in automotive industry are also expected to drive market growth.

The global smart mining solution market is segmented by hardware component, software solution, services and automated equipment. Based on services, the system integration & implementation services segment is anticipated to grab the largest market share during the forecast period on the back of rising integration of IoT and smart systems for re-placing legacy part of systems. Additionally, by end use, the commercial segment is projected to grab the largest market share in the future owing to the increasing passenger strength in emerging economies.

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Geographically, the market is segmented into five major regions, namely North America, Europe, Latin America, Asia Pacific, and the Middle East & Africa. North America region is evaluated to grab the largest share during the forecast period attributing to the presence of major market players. Moreover, the market in Latin America is assessed to grow by the highest rate in the coming years owing to the growing demand for mine plants with remote surveillance and collaborated environments.

The research was global in nature and conducted in North America (U.S., Canada), Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC (Finland, Sweden, Norway, Denmark), Poland, Turkey, Russia, Rest of Europe), Latin America (Brazil, Mexico, Argentina, Rest of Latin America), Asia-Pacific (China, India, Japan, South Korea, Indonesia, Singapore, Malaysia, Australia, New Zealand, Rest of Asia-Pacific), Middle East and Africa (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa). In addition, areas like Market size, Y-O-Y growth & Opportunity Analysis, market players competitive study, investment opportunities, demand for future outlook etc. have been covered and displayed in the research report to ensure it dives deep to achieve strategic competitive intelligence in the segment.

Escalating Adoption of Autonomous Vehicles to Drive Market Growth

Over the last few years, the world has witnessed a hike in the adoption of partially and fully autonomous vehicles across the world as a result of the growing focus of automobile manufacturers to achieve emission targets and achieve optimum product output. This is considered to be a major factor driving market growth in the near future.

“The Final Report will cover the impact analysis of COVID-19 on this industry.”

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However, absence of skilled professionals is expected to operate as key restraint to the growth of the global smart mining solution market over the forecast period.

This report also provides the existing competitive scenario of some of the key players of the global smart mining solution market which includes company profiling of ABB Ltd., Caterpillar Inc., Atlas Joy Global Inc., Cisco Systems Inc., Hitachi Construction Machinery Co. Ltd., Komatsu Ltd., Outotec Oyj, Alcatel-Lucent, SAP SE, Rockwell Automation, Inc., and others. The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments. On the whole, the report depicts detailed overview of the global smart mining solution market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.     

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