Current Business Affairs Global Smart Mining Market 2018

Smart Mining Market - Global Industry Analysis, Size, Share, Growth,
Trends, and Forecast To 2025
Market Overview:
Smart mining refers to maximization of computational technological application, instruments of measurement,
communication, remote operation, serving the tasks of entire value chain from the deposit to the shipment. The
homogenization of industrial automation in mining operational field increases and improves operational efficiency, cost
control, product quality, safety and environment, and predictive maintenance.
Smart mining is also known as telerobotic mining, comprises of remote-controlled robotic machinery for decreasing risks
involved for miners and improving mineral extraction. Smart mining has been expected to operate in an integrated way
through the construction and proper use of phenomenological and economic models optimizing the entire operation in
globally. The technology is widely used in steel mining, coal mining, non-metal mining, and gold mining.
Smart mining offers vertically and horizontally integrated dynamic planning, proactive and predictive approaches, and
fully automated operations & predictive maintenance, transforming mining into mainstream business. Smart mining
solution operates on ‘platform’ approach comprises of the architectural and digital components in mining businesses.
The solution works on high latency and criticality of data, including safety and financial considerations with the help of
cloud data for mining production.
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Market Growth and Analysis:
Reduced direct cost from assets and operations, enabled competitive edge with real time decision making are the major
trends paving opportunities for the market expansion. Moreover, facilitating faster response with mobility, and
minimizing waste using Lean principles are other key factors spurring the growth over the forecast period. Furthermore,
rapid technological advancement is expected to influence mining operations owing to IoT adoption in mining equipment
and vehicles. Miners are employing advanced tools for predictive maintenance, and for increasing operational efficiency
and reduced downtime. IoT implementation in for operational efficiency, reduce downtime, scheduling & predicting
maintenance is projected to play a key role in global adoption.
Additionally, Investment in simulation technology, growing use of 3d imaging, and implementation of remote
monitoring systems are also few other factors anticipated to augment the demand for smart mining market over the
forecast period. However, strict government regulations regarding air, water, & environment coupled with poor
infrastructure may hinder the market growth.
Major Key Players:
Prominent players operating in the smart mining have adopted several growth strategies to sustain the market
competition. Key players operating in the global smart mining market includes SAP SE, Trimble Navigation Limited,
Rockwell Automation, Inc., HEXAGON, STONE THREE MINING PTY LTD, Alastri, IntelliSense.io, ABB Ltd., SYMBOTICWARE