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Published Date: 2016-06-22Number of Pages: 135

Smart Mining Market (Automated Equipment - Excavators, Load Haul Dump, Drillers & Brakers, Robotic Truck; Hardware Component - Sensors, RFID Tags, Intelligent Systems; Software Solutions - Logistics Software, Data and Operation Management Software, Safety and Security Systems, Connectivity Solutions, Analytics Solutions, Remote Management Solutions, Asset Management Solutions; Services - Support and Maintenance, System Integration and Implementation Services, Product Training Services, Consulting Services) - Global Industry Analysis, Size, Share, Growth Trends, And Forecast 2016 - 2024

Dwindling mining reserves and decline in ore grade due to subsequent increase in mining activities, have resulted in mining industry have begun exploration in remote locations. Uncertain commodity price environment has put tremendous pressure on demand and supply side of the mining industry. Resource nationalization coupled with declining productivity and increasing operational cost have created a dire need for optimizing mining operations by increasing efficiencies withstanding the regulatory environment. As a consequence, mining companies across the globe have started integrating information and operational technologies to improve performance. Smart mining solutions and technologies are enabling mining companies to maximize commercial outcomes through optimizing several processes, improving safety, and removing redundant processes through data integration and seamless communication using the Internet of Things (IoT). Mining companies globally are struggling to limit their operating costs while facing productivity challenges. Mining production volume has been on a decline, falling by around 1% in 2015 compared to 2014. Smart mining has become imperative for mining companies to optimize production and improve bottom line. Smart mining has enabled mining companies to optimize production and increase efficiencies by up to 40%, thus justifying the price spent on smart mining technologies. Services such predictive analytics achieve cost savings up to seven times than reactive analytics, ensuring enhanced safety and production. Automation technologies have been successfully implemented, and are expected to justify their cost as the technology improves. Smart mining technologies will certainly open different avenues for mining companies to increase their profitability, thus becoming an affordable solution against volatile global economic conditions.

The smart mining market has been analyzed in terms of revenue (US$ Mn). Additionally, the market has been segmented on the basis of automated equipment, hardware component, software solution, services, and geography. Based on automated equipment, the market has been segmented into excavators, load haul dump, drillers & brakers, robotic truck, and other automated equipment. The automated excavators segment held the largest share of 29.6% of the smart mining market in 2014. In terms of hardware component, the market has been segmented into sensors, RFID tags, intelligent systems, and others. Intelligent electronic systems for smart mining accounted for the largest share of the smart mining market in 2014. In terms of software solution, the market has been segmented into logistics software, data and operation management software, safety and security systems, connectivity solutions, analytics solutions, remote management solutions, and asset management solutions. Data and operation management software for smart mining accounted for the largest share of the smart mining market in 2014. In terms of services, the market has been segmented into support and maintenance, system integration and implementation services, product training services, and consulting services. Support and maintenance services for smart mining accounted for the largest share of the smart mining market in 2014.

The smart mining market has been segmented into five regions: North America, Asia Pacific, Europe, South and Central America, and Middle East and Africa. Asia Pacific was the largest market for smart mining in 2014. Asia Pacific was followed by Europe and North America in 2014. The market in Middle East & Africa is expected to witness significant growth in the near future due to rapid economic development along with increasing mining activities in many African countries. Increasing use of IoT solutions in several countries such as China and India is propelling the market for smart mining at a significant rate.

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Table of Content

 Section 1 Preface

  • Report Description
  • Market Segmentation
    • Description
  • Research Scope
  • Research Methodology

Section 2 Executive Summary

  • Global Smart Mining Market Estimates and Forecasts (US$ Mn)
  • Smart Mining Market: Snapshot

Section 3 Industry Analysis

  • Introduction
  • Value Chain Analysis of Smart Mining Market
  • Market Dynamics
    • Driver 1 – Rising concerns about mining operation optimization
    • Driver 2 – Introduction of Internet of Things (IoT) solutions in mining
    • Restraint 1 – High capital investment coupled with undefined standards associated with smart mining technology
    • Opportunity 1 – Increasing environment concerns across the global mining industry
  • Porter’s Five Forces Analysis
  • Mining Performance and Smart Mining Price Trends
  • Market Attractiveness Analysis of Smart Mining Market, 2015
  • Company Market Share, Smart Mining Market (%) (2015)

Section 4 Smart Mining- Regional Analysis Overview

  • Global Smart Mining Market Share, by Region, 2014 and 2024
  • Global Smart Mining Market Revenue, by Segment, 2014 and 2024 (US$ Mn)
  • Global Smart Mining Market - Segment Overview
  • Global Automated Equipment Market, Revenue Share
  • Global Hardware Component Market, Revenue Share
  • Global Software Solutions Market, Revenue Share
  • Global Services Market, Revenue Share, 2014

Section 5 Smart Mining- North America Analysis

  • North America Smart Mining Market Analysis, By Country, 2014 – 2024 (US$ Mn)
  • North America Smart Mining Market, Regional Revenue Share
  • North America Automated Equipment Market, US$ Mn
  • North America Smart Mining Market Analysis, by Automated Equipment, (US$ Mn), 2014–2024
  • North America Hardware Components Market , US$ Mn
  • North America Software Solutions Market , US$ Mn
  • North America Smart Mining Market Analysis, by Hardware Component, (US$ Mn), 2014–2024
  • North America Smart Mining Market Analysis, by Software Solution, (US$ Mn), 2014–2024
  • North America Services Market, US$ Mn
  • North America Smart Mining Market Analysis, by Service Equipment, (US$ Mn), 2014–2024

Section 6 Smart Mining- Europe Analysis

  • Europe Smart Mining Market Analysis, By Country, 2014 – 2024 (US$ Mn)
  • Europe Smart Mining Market, Regional Revenue Share
  • Europe Automated Equipment Market, US$ Mn
  • Europe Smart Mining Market Analysis, By Automated Equipment, 2014 – 2024 (US$ Mn)
  • Europe Hardware Components Market, US$ Mn
  • Europe Software Solutions Market, US$ Mn
  • Europe Smart Mining Market Analysis, By Hardware Component, 2014 – 2024 (US$ Mn)
  • Europe Smart Mining Market Analysis, By Software Solutions, 2014 – 2024 (US$ Mn)
  • Europe Services Market, US$ Mn
  • Europe Smart Mining Market Analysis, By Services, 2014 – 2024 (US$ Mn)

Section 7 Smart Mining- Asia Pacific Analysis

  • Asia Pacific Smart Mining Market Analysis, By Country, 2014 – 2024 (US$ Mn)
  • Asia Pacific Smart Mining Market, Regional Revenue Share
  • Asia Pacific Automated Equipment Market, US$ Mn
  • Asia Pacific Smart Mining Market Analysis, by Automated Equipment, (US$ Mn), 2014–2024
  • Asia Pacific Hardware Components Market, US$ Mn
  • Asia Pacific Software Solutions Market, US$ Mn
  • Asia Pacific Smart Mining Market Analysis, by Hardware Component, (US$ Mn), 2014–2024
  • Asia Pacific Smart Mining Market Analysis, by Software Solutions, (US$ Mn), 2014–2024
  • Asia Pacific Services Market, US$ Mn
  • Asia Pacific Smart Mining Market Analysis, by Service, (US$ Mn), 2014–2024

Section 8 Smart Mining- Middle East and Africa Analysis

  • Middle East and Africa Smart Mining Market Analysis, By Country, 2014 – 2024 (US$ Mn)
  • Middle East and Africa Smart Mining Market, Regional Revenue Share
  • Middle East and Africa Automated Equipment Market, US$ Mn
  • Middle East Smart Mining Market Analysis, by Automated Equipment, (US$ Mn), 2014–2024
  • Middle East and Africa Hardware Components Market, US$ Mn
  • Middle East and Africa Software Solutions Market, US$ Mn
  • Middle East Smart Mining Market Analysis, by Hardware Component, (US$ Mn), 2014–2024
  • Middle East Smart Mining Market Analysis, by Software Solution, (US$ Mn), 2014–2024
  • Middle East and Africa Services Market, US$ Mn
  • Middle East Smart Mining Market Analysis, by Service, (US$ Mn), 2014–2024

Section 9 Smart Mining- South and Central America?

  • South and Central America Smart Mining Market Analysis, By Country, 2014 – 2024 (US$ Mn)
  • South America Smart Mining Market, Regional Revenue Share
  • South America Automated Equipment Market, US$ Mn
  • South and Central America Smart Mining Market Analysis, by Automated Equipment, (US$ Mn), 2014–2024
  • South America Hardware Components Market, US$ Mn
  • South America Software Solutions Market, US$ Mn
  • South and Central America Smart Mining Market Analysis, by Hardware Component, (US$ Mn), 2014–2024
  • South and Central America Smart Mining Market Analysis, by Software Solution, (US$ Mn), 2014–2024
  • South America Services Market, US$ Mn
  • South and Central America Smart Mining Market Analysis, by Service, (US$ Mn), 2014–2024

Section 10 Company Profiles

  • Rockwell Automation, Inc.
  • SAP SE
  • Trimble Navigation Limited
  • HEXAGON
  • STONE THREE MINING PTY LTD
  • SYMBOTICWARE INC.
  • Alastri
  • Intelisense.io
  • ABB Ltd.
  • Atlas Copco
  • Caterpillar
  • Hitachi Construction Machinery Co., Ltd.
  • Joy Global Inc.
  • Komatsu Ltd.
  • Sandvik AB
  • Cisco Systems, Inc.
  • Alcatel-Lucent

List of Figures

Figure 1 Global Smart Mining Market, Estimates and Forecast, by Revenue, 2014–2024 (US$ Mn)
Figure 2 Commodity Metals Price Index: 2011-2016
Figure 3 Global Mining Industry Performance
Figure 4 Market Attractiveness Analysis of Smart Mining Market, 2015
Figure 5 Global Smart Mining Market, Automated Equipment, Company Market Share (%) (2015)
Figure 6 Global Smart Mining Market, Mining Software, Company Market Share (%) (2015)
Figure 7 Global Smart Mining Market Share, by Region, 2014 and 2024
Figure 8 Global Smart Mining Market Revenue, by Segment, 2014 and 2024
Figure 9 Automated Equipment Market, US$ Mn
Figure 10 Hardware Components Market, US$ Mn
Figure 11 Services Market, US$ Mn
Figure 12 Software Solutions Market, US$ Mn
Figure 13 Global Automated Equipment Market, Revenue Share, 2014
Figure 14 Global Automated Equipment Market, Revenue Share, 2024
Figure 15 Global Hardware Component Market, Revenue Share, 2014
Figure 16 Global Hardware Component Market, Revenue Share, 2024
Figure 17 Global Software Solutions Market, Revenue Share,  2014
Figure 18 Global Software Solutions Market, Revenue Share, 2024
Figure 19 Global Services Market, Revenue Share, 2014
Figure 20 Global Services Market, Revenue Share, 2024
Figure 21 North America Smart Mining Market, Regional Revenue Share, 2014
Figure 22 North America Smart Mining Market, Regional Revenue Share, 2024
Figure 23 North America Automated Equipment Market, US$ Mn
Figure 24 North America Hardware Components Market , US$ Mn
Figure 25 North America Software Solutions Market, US$ Mn
Figure 26 North America Services Market, US$ Mn
Figure 27 Europe Smart Mining Market, Regional Revenue Share, 2014
Figure 28 Europe Smart Mining Market, Regional Revenue Share, 2024
Figure 29 Europe Automated Equipment Market, US$ Mn
Figure 30 Europe Hardware Components Market, US$ Mn
Figure 31 Europe Software Solutions Market, US$ Mn
Figure 32 Europe Services Market, US$ Mn
Figure 33 Asia Pacific Smart Mining Market, Regional Revenue Share, 2014
Figure 34 Asia Pacific Smart Mining Market, Regional Revenue Share, 2024
Figure 35 Asia Pacific Automated Equipment Market, US$ Mn
Figure 36 Asia Pacific Hardware Components Market, US$ Mn
Figure 37 Asia Pacific Software Solutions Market, US$ Mn
Figure 38 Asia Pacific Services Market, US$ Mn
Figure 39 Middle East and Africa Smart Mining Market, Regional Revenue Share, 2014
Figure 40 Middle East and Africa Smart Mining Market, Regional Revenue Share, 2024
Figure 41 Middle East and Africa Automated Equipment Market, US$ Mn
Figure 42 Middle East and Africa Hardware Components Market, US$ Mn
Figure 43 Middle East and Africa Software Solutions Market, US$ Mn
Figure 44 Middle East and Africa Services Market, US$ Mn
Figure 45 South America Smart Mining Market, Regional Revenue Share, 2014
Figure 46 South America Smart Mining Market, Regional Revenue Share, 2024
Figure 47 South America Automated Equipment Market, US$ Mn
Figure 48 South America Hardware Components Market, US$ Mn
Figure 49 South America Software Solutions Market, US$ Mn
Figure 50 South America Services Market, US$ Mn

List of Tables

Table 1 Smart Mining Market: Snapshot
Table 2 North America Smart Mining Market Analysis, By Country, 2014 – 2024 (US$ Mn)
Table 3 North America Smart Mining Market Analysis, by Automated Equipment, (US$ Mn), 2014–2024
Table 4 North America Smart Mining Market Analysis, by Hardware Component, (US$ Mn), 2014–2024
Table 5 North America Smart Mining Market Analysis, by Software Solution, (US$ Mn), 2014–2024
Table 6 North America Smart Mining Market Analysis, by Service Equipment, (US$ Mn), 2014–2024
Table 7 Europe Smart Mining Market Analysis, By Country, 2014 – 2024 (US$ Mn)
Table 8 Europe Smart Mining Market Analysis, By Automated Equipment, 2014 – 2024 (US$ Mn)
Table 9 Europe Smart Mining Market Analysis, By Hardware Component, 2014 – 2024 (US$ Mn)
Table 10 Europe Smart Mining Market Analysis, By Software Solutions, 2014 – 2024 (US$ Mn)
Table 11 Europe Smart Mining Market Analysis, By Services, 2014 – 2024 (US$ Mn)
Table 12 Asia Pacific Smart Mining Market Analysis, By Country, 2014 – 2024 (US$ Mn)
Table 13 Asia Pacific Smart Mining Market Analysis, by Automated Equipment, (US$ Mn), 2014–2024
Table 14 Asia Pacific Smart Mining Market Analysis, by Hardware Component, (US$ Mn), 2014–2024
Table 15 Asia Pacific Smart Mining Market Analysis, by Software Solutions, (US$ Mn), 2014–2024
Table 16 Asia Pacific Smart Mining Market Analysis, by Service, (US$ Mn), 2014–2024
Table 17 Middle East and Africa Smart Mining Market Analysis, By Country, 2014 – 2024 (US$ Mn)
Table 18 Middle East Smart Mining Market Analysis, by Automated Equipment, (US$ Mn), 2014–2024
Table 19 Middle East Smart Mining Market Analysis, by Hardware Component, (US$ Mn), 2014–2024
Table 20 Middle East Smart Mining Market Analysis, by Software Solution, (US$ Mn), 2014–2024
Table 21 Middle East Smart Mining Market Analysis, by Service, (US$ Mn), 2014–2024
Table 22 South and Central America Smart Mining Market Analysis, By Country, 2014 – 2024 (US$ Mn)
Table 23 South and Central America Smart Mining Market Analysis, by Automated Equipment, (US$ Mn), 2014–2024
Table 24 South and Central America Smart Mining Market Analysis, by Hardware Component, (US$ Mn), 2014–2024
Table 25 South and Central America Smart Mining Market Analysis, by Software Solution, (US$ Mn), 2014–2024
Table 26 South and Central America Smart Mining Market Analysis, by Service, (US$ Mn), 2014–2024

This research study analyzes the market for smart mining in terms of revenue (US$ Mn). The smart mining market has been segmented on the basis of automated equipment, component (hardware component and software solutions), service, and geography. The geographical segmentation includes regions which are further divided into eighteen countries – major players in the global smart mining market. The report features a detailed regional segmentation with market growth forecasts for the 2016−2024 period. For the research, 2014 has been taken as the base year, 2015 is estimated while all forecasts have been given for the period from 2016 to 2024. Market data for all the segments has been provided at the regional as well as country-specific level from 2016 to 2024. The report provides a broad competitive analysis of companies engaged in the development of information and communication technologies for the smart mining business. The report also includes the key market dynamics such as drivers, restraints, and opportunities affecting the global smart mining market. These market dynamics were analyzed in detail and are illustrated in the report with the help of supporting graphs and tables. The report also provides a comprehensive analysis of the global smart mining market with the help of Porter’s Five Forces model. This analysis helps in understanding the five major forces that affect the structure and profitability of the global smart mining market. The forces analyzed are bargaining power of buyers, bargaining power of suppliers, threat of new entrants, threat of substitutes, and degree of competition. 

The high-level analysis in the report provides detailed insights into the smart mining business globally. There are currently numerous drivers of the market. The most prominent drivers include dwindling resources, increasing operational costs, and subsequent falling productivity which has created need for efficient practices in the mining industry. As the ore grade falls, mining companies are forced to explore reserves at remote locations which has been made possible using information and communication technology. Market attractiveness analysis was carried out for the smart mining market on the basis of geography. Market attractiveness was estimated on the basis of common parameters that directly impact the market in different regions. 

The smart mining market was segmented on the basis of automated equipment (excavators, load haul dump, drillers & brakers, robotic truck, and other automated equipment), hardware component (sensors, RFID tags, intelligent systems, and others), software solution (logistics software, data and operation management software, safety and security systems, connectivity solutions, analytics solutions, remote management solutions, and asset management solutions), services (support and maintenance, system integration and implementation services, product training services, and consulting services) and geography. The smart mining market has been segmented into five regions: North America, Asia Pacific, Europe, South and Central America, and Middle East and Africa. Regional data has been provided for each sub-segment of the smart mining market. Key players in the smart mining market include Rockwell Automation, Inc., SAP SE, Trimble Navigation Limited, HEXAGON, STONE THREE MINING PTY LTD, SYMBOTICWARE INC., Alastri, IntelliSense.io, ABB Ltd., Atlas Copco, Caterpillar Inc., Hitachi Construction Machinery Co., Ltd., Joy Global Inc., Komatsu Ltd., Sandvik AB, Cisco Systems, Inc., and Alcatel-Lucent. The report provides an overview of these companies, followed by their financial details, business strategies, and recent developments

Smart Mining Market: By Automated Equipment

  • Excavators
  • Load Haul Dump
  • Drillers & Brakers
  • Robotic Truck
  • Other Automated Equipment

Smart Mining Market: By Hardware Component

  • Sensors
  • RFID Tags
  • Intelligent Systems
  • Others

Smart Mining Market: By Software Solutions

  • Logistics Software
  • Data and Operation Management Software
  • Safety and Security Systems
  • Connectivity Solutions
  • Analytics Solutions
  • Remote management Solutions
  • Asset management Solutions

Smart Mining Market: By Services

  • Support and Maintenance
  • System Integration and Implementation services
  • Product Training Services
  • Consulting Services

Smart Mining Market: By Region

  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • CIS
    • Germany
    • Rest of Europe
  • Asia Pacific
    • China
    • Australia
    • India
    • Indonesia
    • Rest of Asia Pacific
  • Middle East and Africa
    • Saudi Arabia
    • South Africa
    • Rest of Middle East and Africa
  • South and Central America
    • Brazil
    • Chile
    • Venezuela
    • Rest of South and Central America


 
 
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