mining automation
The mining automation market in Asia Pacific accounted for largest share in the global market in 2016. This growth is attributed to increasing exploration activities in Australia and presence of leading mining companies.
The mining automation market in Asia Pacific accounted for largest share in the global market in 2016. This growth is attributed to increasing exploration activities in Australia and presence of leading mining companies.
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On the basis of workflow, the global <strong>mining</strong> <strong>automation</strong> market is segmented into:<br />
● Mine development<br />
● Mining process<br />
● Mine maintenance<br />
Mining Automation Market: Regional Insights<br />
The global <strong>mining</strong> <strong>automation</strong> market is segmented on the basis of regions into North<br />
America, Europe, Asia Pacific, Latin America, Middle East, and Africa. The market for<br />
<strong>mining</strong> <strong>automation</strong> in Asia Pacific accounted for largest share in the global market in 2016.<br />
This growth is attributed to increasing exploration activities in Australia and presence of<br />
leading <strong>mining</strong> companies, which includes Rio Tinto, Fortescue Metals Group, and BHP<br />
Billiton. According to Mining.com a leading digital publication covering the global <strong>mining</strong><br />
sector, among minerals gold is the leading sector accounted 45% of the total exploration<br />
expenditure in 2016, but from 2017 expenditure in base materials such as copper, nickel, and<br />
zinc among others are increasing. In 2017, Australian government announced to invest US$<br />
79.8 million to small and medium sized <strong>mining</strong> companies for encouraging exploration.<br />
Moreover, Western Australia have already been started using automated <strong>mining</strong> equipment.<br />
For example, The Morobe Mining Joint Venture (MMJV) set up a new flotation control<br />
system that aids in adjustment of mass balances. The Australian Centre for Field Robotics<br />
(ACFR) collaborated with Rio Tinto, for the establishment of the Rio Tinto Centre for Mine<br />
Automation (RTCMA) in 2007 through to 2019. The purpose of RTCMA is to improve and<br />
implement the visualization of a entirely autonomous, remotely operated mine.<br />
According to the Government of Australia’s Department of Industry report in 2014,<br />
Australia’s largest goods producing industry is <strong>mining</strong>, contributing 8.3% towards GDP.<br />
Mining equipment and technology & services recorded the strongest average annual growth<br />
in business expenditure on R&D of 14.2%, over the period 2006–07 to 2011–12. These are<br />
the factors for growth of the regional <strong>mining</strong> <strong>automation</strong> market.<br />
Mining Automation Market: Competitive Background<br />
Major players operating in the global <strong>mining</strong> <strong>automation</strong> market include Caterpillar, Inc.,<br />
Komatsu Ltd., Sandvik, Atlas Copco, Hexagon AB, Hitachi, Ltd., RPMGlobal Holdings<br />
Limited, Trimble Inc., Autonomous Solutions Inc., Fluidmesh Networks LLC, MST<br />
Global,and Symboticware Inc.
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