Global Robotics Market in Mining Industry 2018-2022
- Published: May 2018
- Pages: 80
- SKU: IRTNTR22306
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This industry research report presents a detailed analysis of the robotics market in mining industry by application (material handling, surveying and mapping, drilling, and others) and by solution (software, services, and hardware). The report also presents a detailed analysis of the market’s growth prospects across regions such as the Americas, APAC, and EMEA.
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Overview of the global robotics market in mining industry
Technavio’s market research analysts have identified the growing investments towards acquiring advanced technologies by mining companies to be one of the primary factors for the growth of the robotics market in mining industry. To minimize the safety hazards and risks to human personnel and increase the accuracy of operations, numerous mining companies are investing in R&D initiatives. Vendors in the market are focusing on enhancing their product offerings to cover larger areas with improved efficiency and reduced time. Companies such as BHP Billiton, Rio Tinto, Anglo American, and Vale, have already made significant investments in robotic technologies to enhance productivity and improve workers’ safety. Growing investment in technologies that supplements the adoption of robots will overcome the various challenges and recover from steep downturn. Our market analysts have estimated that the robotics market in mining industry will register a CAGR of more than 27% by 2022.
Realizing the market’s growth potential, a number of new robotic mining equipment manufacturers will enter the market in the coming years. Volvo, Perrone Robotics, Liebherr, and Enaex (a subsidiary of Sigdo Koppers) are some of the new vendors who will gain significant shares of the robotics market in mining industry. Volvo has already tested its self-driving FMX truck that have the capability of reaching more than 1,300 meters underground at the Kristineberg mine at Sweden. Another emerging company Liebherr has also introduced an autonomous mining haul truck with features such as sensor integration using stereo cameras, RADARs, navigation units, and LIDAR beams.
The robotics market in mining industry is moderately fragmented due to the presence of several international and regional vendors and appears to be quite competitive. With the emergence of new players, the market’s competitive environment will further intensify in the coming years. By offering a detailed analysis of the market’s competitive landscape, this market research report helps clients in strengthening their market positions in this competitive market. Additionally, the report also offers information on the products offered by various robotic mining equipment manufacturers, which will help clients to focus on introducing innovative products. This will aid them in gaining a competitive advantage over the other players and expand their customer base across various geographies.
This research report provides an analysis of various companies in the market including –
- Autonomous Solutions
- Clearpath Robotics
- Nabors Industries
Segmentation by application and analysis of the robotics market in mining industry
- Material handling
- Surveying and mapping
Robots are primarily used in the mining industry in material handling applications and there is an increasing investment in autonomous trucks and mobile robot platforms. According to this report on the robotics market in mining industry, the material handling segment will account for the maximum growth of the market throughout the forecast period.
Geographical segmentation and analysis of the robotics market in mining industry
APAC will be the major revenue contributor to the robotics market in mining industry throughout the forecast period. The region will offer significant growth opportunities to robotic mining equipment manufacturers owing to the growing emphasis on automation and robotics in mining by established players in countries such as Australia and China.
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Key questions answered in the report include
- What will the market size and the growth rate be in 2022?
- What are the key factors driving the global robotics market in mining industry?
- What are the key market trends impacting the growth of the global robotics market in mining industry?
- What are the challenges to market growth?
- Who are the key vendors in the global robotics market in mining industry?
- What are the market opportunities and threats faced by the vendors in the global robotics market in mining industry?
- Trending factors influencing the market shares of the Americas, APAC, and EMEA.
- What are the key outcomes of the five forces analysis of the global robotics market in mining industry?
Technavio also offers customization on reports based on specific client requirement.
Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.
- Market size and forecast
- Market segmentation
- Geographical insights
- Competitive landscape
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