Smart Mining Technologies Market Size, Industry Analysis Report Based on Type(Underground Mining, Surface Mining (Open Pit or Open cast)), Based on Category(Automated Equipment, Component, Hardware, Software, Services, Consulting Services) & Region - Forecasts

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Global Smart Mining Technologies Market Analysis by Type, Automated Equipment, Component, Region and segments forecast till 2033

Market Overview

The Global Smart Mining Technologies Market valued at USD 2,300 million in 2022 is anticipated to reach a value of USD 9,000 million in 2033, growing at a CAGR of 14.3%.

Report Scope

Report Attributes


Market Forecast in 2022

USD 2,300 million

Market Forecast in 2033

USD 9,000 million

CAGR % 2023-2033


Base Year


Historic Data


Forecast Period


Report USP

Product, end-user industry, company share, company heatmap, company Capacity Technology Product capacity, growth factors and more

Key Companies

Hitachi Construction Machinery Co. Ltd., ABB Ltd., Komatsu Ltd., Outotec Oyj, Copco, Caterpillar Inc., Atlas Joy Global Inc., Cisco Systems Inc., and Alcatel-Lucent.

Global Smart Mining Technologies Market- Description

Smart mining is a process that uses information, autonomy, and technology to obtain enhanced safety, reduce operational costs, and gain better productivity for a mine site. Mining corporations emphasize on enhancing productivity by providing state-of-the-art software & solutions. It also comprises remote-controlled robotic equipment for mineral & metal extraction, which is stated as tele-robotic mining, and decreases the danger for miners.

Increased awareness regarding the harsh influences of mining atmospheres such as UV exposure, dust, noise, chemical hazards, ground instability, and others cause health problems in the mine workers. This is influencing many key manufacturers to introduce advanced smart mining solutions in the smart mining market, which is one of the key drivers of the global market.

Integration of autonomous fleet, remote-controlled equipment, and ventilation solutions offer safe working conditions and also improve the operational productivities. In addition, the growth of the market is driven by increased focus on safety & health, rise in adoption of IoT solutions, and increase in the implementation of autonomous equipment.

Key Trends of Global Smart Mining Technologies Market:

Robust Adoption of Internet of Things (IoT)

Rapid advancement in technology will continue to influence mining operations. While a fully connected mining site may be still a few years away, IoT is increasingly being adopted in mining equipment and vehicles. To increase operational efficiency and reduce downtime, miners are using advanced tools for predictive maintenance. The use of IoT in scheduling and predicting maintenance and repair tasks is expected to play a key role in its widespread adoption.

Investment in Simulation Technology

Simulation technology is gaining traction among miners owing to its proven benefits in responding to emergency situations. While the technology per se is highly efficient, shrinking budgets have resulted into limited adoption. However, the technology is poised to witness widespread adoption in the long run.

Segmental Analysis of Global Smart Mining Technologies Market:

Based on Type

Underground Mining

Surface Mining (Open Pit or Open cast)

Smart mining operators can build on their existing wireless network of embedded sensors. For example, on the installation of automated software, the user can remotely control both static and moving assets. Similarly, computerized trucks rely on both the physical network of sensors and the remotely programmed and controlled software to autonomously carry out mining operations that previously needed a fleet of truck drivers.

Based on Category

Automated Equipment


Robotic Truck

Driller and Breaker

Load Haul Dump


Based on Component


o Sensors

o RFID Tags

o Intelligent Systems

o Others


o Data and operation Management

o Safety and Security Systems

o Connectivity Solutions

o Analytics Solutions

o Remote Management and Logistics

o Asset Management Solutions


o Support and Maintenance (Engineering Services)

o System Integration (Deployment Services)

Consulting Services

Geographical Analysis of global Smart Mining Technologies Market:

The global smart mining technologies market is further segmented into five major countries- North America, Europe, Asia-pacific, Latin America and Middle East and Africa. Asia Pacific excluding Japan will continue to remain the largest market for smart mining globally. North America and Western Europe will remain the other lucrative markets for smart mining equipment and services during the forecast period. APEJ accounted for nearly 35% revenue share.

Global Smart Mining Technologies Market: Recent Developments

In June 2020, Trimble introduced the Trimble SX12 Scanning Total Station.

In January 2021, ABB delivered trolley assist solution to meet Copper Mountain Minings sustainable development goals in Canada

Global Smart Mining Technologies Market: Key Companies

Hitachi Construction Machinery Co. Ltd.

ABB Ltd.

Komatsu Ltd.

Outotec Oyj


Caterpillar Inc.

Atlas Joy Global Inc.

Cisco Systems Inc.



Global Smart Mining Technologies Market: Regional Scope

North America










Rest of Europe

Asia Pacific




South Korea


Rest of Asia Pacific

South America



Rest of South America

Middle East and Africa

Saudi Arabia



South Africa

Rest of Middle East and Africa

Why to buy this Report?

Market research: The report provides valuable insights into market trends, growth opportunities, and competitive landscapes. By reading a technology report, businesses and investors can gain a better understanding of the market they are operating in or considering entering, and make more informed decisions based on data and analysis.

Competitive analysis: The report reports provide detailed information on competitors' strengths, weaknesses, and strategies, which can help businesses identify potential threats and opportunities in the market.

Innovation: The report provides insights into emerging technologies and trends, which can help businesses stay up-to-date with the latest developments and make informed decisions about where to invest their resources.

Due diligence: The report can be used by investors and acquirers as part of their due diligence process when considering investing in or acquiring a technology company. These reports can provide valuable information on the company's financials, technology, market position, and other key factors.

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