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Connected Mining Solutions Industry Research Report 2024: Total Installed Base Reached 1.3 Million Units in 2023 - Global Forecasts to 2028

1. Connected mining solutions reached 1.3 million units globally in 2023. 2. Market forecast projects a CAGR of 16.1%, reaching 2.7 million units by 2028. 3. Asia-Pacific leads the market, followed by North America and Europe. 4. Major players include Epiroc, Sandvik, Komatsu, and Caterpillar. 5. High M&A activity among mining equipment manufacturers drives technology expansion.

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FAQ

Why Bullish?

Increase in connected mining solutions suggests growth potential for related companies, including TOT.

How important is it?

The growth of connected mining solutions is key for companies in this sector, including TOT.

Why Long Term?

Market growth expectations extend to 2028, influencing long-term investment strategies.

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The surface segment is dominated by Modular Mining Systems (owned by Komatsu), Hexagon Mining, Wenco International Mining Systems (owned by Hitachi Construction Machinery) and Caterpillar through its Cat MineStar suite. Modular, Hexagon and Caterpillar all serve underground customers in addition to a primary presence in the surface segment, while Wenco is fully focused on surface mining. Other players focused primarily or exclusively on surface mining include iVolve (owned by Komatsu) and ASI Mining (owned by Epiroc). November 28, 2024 05:16 ET | Source: Research and Markets Dublin, Nov. 28, 2024 (GLOBE NEWSWIRE) -- The "The Connected Mining Solutions Market - 2nd Edition" report has been added to ResearchAndMarkets.com's offering. Total installed base of connected mining solutions reached close to 1.3 million units in use worldwide across the equipment, people and environment segments in 2023. The equipment segment accounts for the largest share of the total, representing connected devices deployed on machines and vehicles used in mining operations. This includes solutions ranging from OEM telematics systems on mining equipment to advanced connected solutions supplied by mining technology specialists. The people segment consists of various solutions deployed to support the safety and productivity of mining personnel, while the environment segment includes sensor technology implemented for environmental monitoring of the mine itself. Growing at a compound annual growth rate (CAGR) of 16.1 percent, the installed base of connected mining solutions across all segments is forecasted to reach roughly 2.7 million units by 2028. Asia-Pacific is estimated to account for the largest share of the total installed base, followed by North America, the Middle East & Africa, Latin America and Europe. Connected mining solutions reached 1.3 million units worldwide in 2023 The top players active in the connected mining space include strikingly different types of companies, ranging from specialised independent technology suppliers of varying sizes up to the leading mining equipment manufacturers. Equipment manufacturers such as Epiroc, Sandvik, Komatsu and Hitachi Construction Machinery (CM) have expanded their mining technology offerings largely due to high M&A activity in recent years. Many of the key players today serve both surface and underground mining customers. The underground segment is in general less mature and more fragmented. Examples of key technology providers focused specifically on underground applications are Newtrax Technologies (owned by Sandvik), Mining TAG (owned by Epiroc), Mine Site Technologies (owned by Komatsu), Roobuck and Strata Worldwide. MICROMINE, GroundHog Apps and Remote Control Technologies (owned by Epiroc) are additional players serving both underground and surface customers. This report will allow you to: Gain multiple perspectives on the impact of emerging mining technologies.Benefit from numerous interviews with market-leading companies.Understand key applications for connected solutions in the mining sector.Learn from in-depth analyses of the latest market trends and developments.Observe the strategies of 32 key players offering connected mining solutions.Study market forecasts by segment and region lasting until 2028. This report answers the following questions: What types of techniques are used in surface and underground mining?Who are the key providers of connected mining solutions?What offerings are available from mining equipment manufacturers?Which are the main connectivity technologies in surface and underground mining?What are the recent merger and acquisition activities in this market?How will the market for connected mining solutions evolve in the future?Which are the drivers and barriers on the connected mining solutions market? Key Topics Covered: Executive Summary 1 The Mining Industry1.1 Introduction to the mining industry1.1.1 Mining production and mineral raw materials1.2 Mining techniques and associated equipment1.2.1 Surface mining and underground mining1.2.2 Mining equipment and tools1.3 Mining industry statistics and leading players1.3.1 Major mining industry players and financial performance 2 Connected Mining Solutions2.1 Introduction to connected mining2.1.1 Segments of connected mining solutions2.1.2 Technologies enabling connected mining2.2 Connected mining applications and concepts2.2.1 Fleet management and telematics2.2.2 People tracking and management2.2.3 Proximity detection and collision avoidance systems2.2.4 Fatigue and distraction monitoring2.2.5 Situational awareness2.2.6 Short interval control2.2.7 Ventilation on demand2.2.8 Remotely controlled and autonomous mining equipment 3 Market Forecasts and Trends3.1 Market analysis3.1.1 Installed base and forecast3.1.2 Regional markets3.1.3 Major solution providers3.2 Market drivers and barriers3.2.1 Macroeconomic environment3.2.2 Regulatory environment3.2.3 Competitive environment3.2.4 Technology environment3.3 Value chain analysis3.3.1 Mining technology providers3.3.2 Equipment manufacturers3.3.3 Telematics industry players3.3.4 Communications providers3.3.5 IT and other industry players3.3.6 Mergers and acquisitions3.4 Market trends3.4.1 Sizing the addressable connected mining market3.4.2 Regulatory developments and competitive forces drive technology adoption...3.4.3 The digital divide between surface and underground mining3.4.4 Equipment OEMs are increasingly active in the connected mining space3.4.5 Interoperability and open standards are high on the agenda3.4.6 From autonomous haulage to fully automated mines 4 Company Profiles and Strategies4.1 Surface and underground technology providers4.1.1 GroundHog Apps4.1.2 Hexagon Mining4.1.3 MICROMINE4.1.4 Modular Mining Systems (Komatsu)4.1.5 MS4M4.1.6 Remote Control Technologies (Epiroc)4.1.7 SYMX.AI4.1.8 Zyfra Mining4.2 Surface technology providers4.2.1 ASI Mining (Epiroc)4.2.2 EACON4.2.3 Fast2Mine4.2.4 Haultrax4.2.5 iVolve (Komatsu)4.2.6 Maptek4.2.7 Tage Idriver4.2.8 WAYTOUS4.2.9 Wenco International Mining Systems (Hitachi Construction Machinery)4.3 Underground technology providers4.3.1 Mine Site Technologies (Komatsu)4.3.2 Mining TAG (Epiroc)4.3.3 Newtrax Technologies (Sandvik)4.3.4 Northern Light Technologies (Levitt-Safety)4.3.5 Roobuck4.3.6 Strata Worldwide4.4 Mining equipment manufacturers4.4.1 Caterpillar4.4.2 Epiroc4.4.3 Hitachi Construction Machinery4.4.4 Komatsu4.4.5 Liebherr4.4.6 Sandvik4.4.7 Terex4.4.8 Volvo CE (Volvo Group)4.4.9 XCMG For more information about this report visit https://www.researchandmarkets.com/r/of6hqv About ResearchAndMarkets.comResearchAndMarkets.com is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends. Smart Mining - Market Share Analysis, Industry Trends & Statistics, Growth Forecasts 2019 - 2029 Connected Mining Global Market Report 2024 Connected Mining Market 2024-2028 Contact Data CONTACT: ResearchAndMarkets.com Laura Wood,Senior Press Manager press@researchandmarkets.com For E.S.T Office Hours Call 1-917-300-0470 For U.S./ CAN Toll Free Call 1-800-526-8630 For GMT Office Hours Call +353-1-416-8900

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