DUBLIN--(BUSINESS WIRE)--Research and Markets (http://www.researchandmarkets.com/research/9644nb/smart_mining) has announced the addition of the "Smart Mining Market: Global Industry Analysis and Opportunity Assessment 2015 - 2020" report to their offering.
This report examines the Smart Mining market for the period 2015-2020. The primary objective of the report is to offer updates on the advancements in ICT and embedded systems that have given rise to a futuristic technology: the smart mining, which is significantly transforming mining operations.
The global smart mining market valued at US$ 5.12 Bn in 2013, and is expected to reach US$ 13 Bn by 2020, reflecting a CAGR of 14.5% during forecast period 2015-2020. Enhanced productivity, low operational cost, and improved safety are some of the prominent factors driving the demand for automated equipment and smart mining components. Also, introduction of analytics solution for predictive analysis by key players is expected to boost the growth of the market.
This report has segmented global smart mining market into automated equipment and component. Automated equipment segment stood at US$ 3.66 Mn and accounted for 71.7% of overall smart mining market in 2013. The automated equipment segment is further sub-segmented into driller & breaker, load haul dump (LHD), mining excavator, robotic trucks and other automated equipment. Among these, mining excavator was the largest sub-segment, accounting for 25% of automated equipment segment revenue in 2014; however this is expected to experience a decline of 190 BPS by 2020.
The component segment includes hardware, solution and service sub-segments. Among these, hardware was the largest sub-segment with more than 40% market share followed by solution sub-segment. The service sub-segment is projected to become second largest sub-segment by the end of 2020.
The hardware sub-segment is further categorized into intelligent system, RFID tag & sensors, and other hardware. The intelligent system category accounted for more than 50% of the hardware segment revenue. The solution sub-segment includes data & operation management software, analytics solution, connectivity solution and other solutions. Among these, solution analytics solution category is anticipated to exhibit fastest CAGR of 13.8% between 2015 and 2020.
The service sub-segment is categorized into engineering & maintenance service, consulting service, product training service and implementation and integration service. The engineering & maintenance service category accounted for over 30% of the service sub-segment revenue in 2014, followed by integration and implementation service category. Moreover, engineering & maintenance service category is expected to exhibit highest CAGR over 19% between 2015 and 2020.
Key Topics Covered:
1. Executive Summary
2. Global Smart Mining Market Overview
3. Global Smart Mining Market Analysis
4. Market Dynamics
5. Global Smart Mining Market Analysis, by Type
6. Global Smart Mining Market Analysis, by Automated Equipment
7. Global Smart Mining Market Analysis, by Component
8. Global Smart Mining Market Analysis, by Region
9. Competitive Landscape
- ABB Ltd.
- Alcatel-Lucent
- Atlas Copco
- Caterpillar Inc.
- Cisco Systems Inc.
- Hitachi Construction Machinery Co. Ltd.
- Joy Global Inc.
- Komatsu Ltd.
- Outotec Oyj
- RungePincockMinarco Limited
- Sandvik Mining and Construction
For more information visit http://www.researchandmarkets.com/research/9644nb/smart_mining
