Smart Mining Market Foreseen to Grow Exponentially by 2027

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Smart Mining Market

• Global Industry Analysis, Size, Share, Growth,
  Trends and Forecast, 2026

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• Global Smart Mining Market Snapshot

• Rising concerns about mining operation
  optimization and introduction of Internet of
  Things (IoT) solutions in mining has resulted in
  the mining industry beginning explorations 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 to
  withstand the regulatory environment. 

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Automated Excavators to Lead with Largest Share
in Global Market

• 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 breakers, robotic truck, and other
  automated equipment.
• The automated excavators segment held the largest
  share of around 30 of the smart mining market in
  2016.
• 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
  2016.

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Improved Safety Measures Ups Demand for Smart
Mining Equipment

• The global smart mining market has been
  witnessing a soaring rise in the past few years
  as the demand for resources has remained high.
• Smart mining equipment has been developed for
  putting the concerns pertaining mining operations
  at ease.
• The global mining industry are tremendously
  benefitted with advent and uptake of Internet of
  Things.
• Automated excavators, load haul dumps, drillers
  and beakers, and robotic truck have made mining
  and exploration activities safer in remote
  locations. 

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Key players in the smart mining market

•  Rockwell Automation, Inc.
• SAP SE
• Trimble Navigation Limited
• HEXAGON
• STONE THREE MINING PTY LTD
• SYMBOTICWARE INC

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