Mining Automation Market
                     Mining 
Automation 
Market
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The total revenue of the mining automation market was USD 4,116 million in 2022, and it will 
reach USD 6,966 million by 2030, powering at a rate of 6.80% in the years to come.
Equipment had the largest share of revenue, of over 42%, in 2022. This is since various 
equipment is put to use for mining processes, such as autonomous drilling rigs, autonomous 
hauling systems, tunneling equipment, underground LHD loaders, pumping systems, smart 
ventilation systems, and others. Of these, autonomous drilling rigs are frequently employed in 
mining.
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These work continuously and remove numerous safety issues related to manually controlled drill 
rigs while being more exact and expectable.
The underground mining had a larger share in the recent past. Technology and artificial 
intelligence have ruled the world and are operating at the core of numerous businesses.
Advanced underground mining technology has improved numerous working situations, such as 
better metal and mineral transport, underground communication quick emergency responses, 
and numerous more.
The combination of artificial intelligence that is active full-time would be the eventual 
illustration of this. AI incorporation integrates instantaneous, constant monitoring of metals and 
minerals along with plant processing.
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Communication system will grow at the highest rate, of 7.6%, in the years to come. Huge-speed digital 
networks are essential for better efficiency and optimization of cost, as a result of the high volume of data 
produced in mining operations, such as audio and video communications, and vehicle telemetry.
Open-pit mining operations can employ optical fiber networks, wireless communication, and cable networks. 
With the intention of overcoming difficulties brought about by the intricacy and geographical limitations of 
subversive operations, wireless communication is indispensable.
FMS is a technical approach for managing the fleet's vehicles with regards to automation and business 
procedure optimization, along with connecting all business industries, for example purchasing, dispatching, 
communications, accounting, navigation, and finance.
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APAC is the leader of the mining automation market, with a revenue share of more than 41% in the recent 
past, as per a report by a market research firm, P&S Intelligence. This is as a result of the increasing 
acceptance of technologies for mining automation by numerous nations in the region.
Also, APAC is well-known for its commercial spirit, continuing technical innovation, and quick expansion. The 
preceding decade have seen a boom in digitalization across all businesses in the area. As a result of the 
strong infra that was put in place before the initiation of the pandemic, India, for example, is emerging 
rapidly in the era of digital transformation.
It is because of the increasing requirement for improving work safety, the demand for mining automation 
processes will continue to increase in the years to come.
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