DUBLIN--(BUSINESS WIRE)--The "Global Mining Equipment Market 2018-2022" report has been added to ResearchAndMarkets.com's offering.
The growing use of advanced technologies with conventional systems will allow the mining equipment market to register a CAGR of more than 7% by 2022.
Various technological advancements such as automation and artificial intelligence have been gaining traction in the mining industry. Owing to the increased need for improving the operational efficiency among the mining companies, manufacturers of mining equipment are focusing on incorporating modern technologies such as AI.
According to the report, one of the major drivers for this market is the growing mining activity owing to the rising demand for mining equipment for extracting minerals and metals for clean energy products. The latest trend gaining momentum in the market is the rising adoption of automation and Artificial Intelligence in mining. The use of these technologies will help the mining equipment or machines for ensuring seamless operations.
Further, the report states that one of the major factors hindering the growth of this market is the rising threats of cyber-attacks in mining technology. The use of software solutions for creating operational plans and mine designs might lead to data theft, in turn, impacting the market's growth adversely.
Key Market Trends
- Rising adoption of automation and AI in mining
- Increasing use of drones in mine surveillance systems
- Rising adoption of mobile technology and IoT
Key Topics Covered:
Part 01: Executive Summary
Part 02: Scope Of The Report
Part 03: Research Methodology
Part 04: Market Landscape
Part 05: Market Sizing
Part 06: Five Forces Analysis
Part 07: Market Segmentation By Product
Part 08: Market Segmentation By Application
Part 09: Customer Landscape
Part 10: Regional Landscape
Part 11: Decision Framework
Part 12: Drivers And Challenges
Part 13: Market Trends
Part 14: Vendor Landscape
Part 15: Vendor Analysis
For more information about this report visit https://www.researchandmarkets.com/research/2wwlnb/global_mining?w=4
