Global mining automation market to reach USD 5.1 billion by 2029

The global mining automation market size is expected to grow from USD 3.6 billion in 2024 to USD 5.1 billion by 2029, at a CAGR of 7.2% from 2024 to 2029, is a summary of the “Global Mining Automation Market by Equipment (Autonomous Hauling/Mining Trucks, Autonomous Drilling Rigs, Underground LHD Loaders, Tunneling Equipment, Smart Ventilation Systems), Technique (Underground, Surface), Workflow, Region – Forecast to 2029” report that has recently been added to ResearchAndMarkets‘ offering.

Advanced technologies

In recent years, there has been a growing interest in automating mining operations, driven by advancements in technologies like machine learning, robotics, and data analytics.

By deploying remote-controlled or autonomous mining equipment, companies can enhance safety, cut costs, and optimize efficiency.

This emphasis on automation aligns with sustainable resource extraction practices, fueling the expected growth of the global mining automation market.

Innovations and solutions: Manufacturers help miners take stock

Equipment offering

The market offers a range of equipment, including autonomous hauling trucks, drilling rigs, and smart ventilation systems.

Efforts to address safety concerns and technological advancements have led to the development of unmanned equipment, reducing hazards and boosting efficiency.

Mine development involves clearing sites for machinery and personnel, laying the foundation for subsequent operations.

Market in Europe

The European mining industry extracts various metals and minerals, attracting investment due to its advanced infrastructure and skilled labour.

While contributing modestly to GDP, it plays a significant global role in product manufacturing. The region holds the potential for adopting advanced automation technologies in mining operations.

Read the full report HERE.