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.
Real Time Locating System (RTLS) are used for better communication in underground mines. The key factor that is expected to restraint growth of global mining automation market is reduction of natural resources. To get detailed table of content (ToC) : https://www.coherentmarketinsights.com/ongoing-insight/toc/1345 Mining Automation Market Taxonomy On the basis of product type, the global mining automation market is segmented into: ● Equipment ○ Smart Ventilations System ○ Autonomous Hauling Truck ○ Pumping Stations ○ Autonomous Drilling Rig ○ Underground LHD Loader ○ Tunneling Equipment ○ Others ● Software ○ Fleet Management ○ Workforce Management ○ Proximity Detection and Collision Avoidance System ○ Remote Operating and Monitoring ○ Air Quality and Temperature Monitoring System ○ Data Management ○ Others ● Communications systems ○ Wireless Mesh Networks ○ Navigation System ○ Radio-Frequency Identification (RFID) On the basis of technology, the global mining automation market is segmented into: ● Surface Mining Technique ● Underground Mining Technique
On the basis of workflow, the global mining automation market is segmented into: ● Mine development ● Mining process ● Mine maintenance Mining Automation Market: Regional Insights The global mining automation market is segmented on the basis of regions into North America, Europe, Asia Pacific, Latin America, Middle East, and Africa. The market for mining automation 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, which includes Rio Tinto, Fortescue Metals Group, and BHP Billiton. According to Mining.com a leading digital publication covering the global mining sector, among minerals gold is the leading sector accounted 45% of the total exploration expenditure in 2016, but from 2017 expenditure in base materials such as copper, nickel, and zinc among others are increasing. In 2017, Australian government announced to invest US$ 79.8 million to small and medium sized mining companies for encouraging exploration. Moreover, Western Australia have already been started using automated mining equipment. For example, The Morobe Mining Joint Venture (MMJV) set up a new flotation control system that aids in adjustment of mass balances. The Australian Centre for Field Robotics (ACFR) collaborated with Rio Tinto, for the establishment of the Rio Tinto Centre for Mine Automation (RTCMA) in 2007 through to 2019. The purpose of RTCMA is to improve and implement the visualization of a entirely autonomous, remotely operated mine. According to the Government of Australia’s Department of Industry report in 2014, Australia’s largest goods producing industry is mining, contributing 8.3% towards GDP. Mining equipment and technology & services recorded the strongest average annual growth in business expenditure on R&D of 14.2%, over the period 2006–07 to 2011–12. These are the factors for growth of the regional mining automation market. Mining Automation Market: Competitive Background Major players operating in the global mining automation market include Caterpillar, Inc., Komatsu Ltd., Sandvik, Atlas Copco, Hexagon AB, Hitachi, Ltd., RPMGlobal Holdings Limited, Trimble Inc., Autonomous Solutions Inc., Fluidmesh Networks LLC, MST Global,and Symboticware Inc.