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Robotics Market in Mining Industry by Application and Geography - Forecast and Analysis 2022-2026

  • Published: May 2022
  • Pages: 143
  • SKU: IRTNTR73489
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Based on Technavio's market sizing methodology, the robotics market share in mining industry is predicted to surge to USD 2.04 billion from 2021 to 2026 at a CAGR of 20.08%.

This robotics market in mining industry research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. The robotics market in mining industry report offers information on several market vendors, including ABB Ltd., Airobotics Ltd., Autonomous Solutions inc., Caterpillar inc., Cisco Systems inc., Clearpath Robotics inc., Hexagon AB, Hitachi Ltd., Komatsu Mining Corp., Mine Site Technologies Pty Ltd., Nabors industries Ltd., Percepto, Rockwell Automation inc., Sandvik AB, Symboticware inc., Trimble inc., and Zyfra LLC among others.

This report further entails the robotics market in mining industry segmentations, including:

  • Application - Material handling, surveying and mapping, drilling, and others
  • Geography - APAC, North America, Europe, South America, and Middle East and Africa

What will the Robotics Market Size in Mining industry be During the Forecast Period?

Robotics Market Size

Download the Free Report Sample to Unlock the Robotics Market Size in Mining Industry for the Forecast Period and Other Important Statistics

 

Robotics Market in Mining Industry: Key Drivers, Trends, and Challenges

The increase in technology investment by mining companies is notably driving the robotics market growth in mining industry, although factors such as the high cost of deployment may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the robotics in mining industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key Robotics Market Driver in Mining Industry

One of the key drivers fueling the mining robotics market growth is the increase in technology investment by mining companies. Mining companies have now realized the safety hazards and risks that human personnel face owing to dangers posed by elements such as fire, falling rock, entrapment, and cave-ins. However, the introduction of robotics in mining could eliminate 11,000 to 13,500 deaths per year caused during mining operations while also enabling mining companies to explore unexplored territories for valuable minerals. Furthermore, they have realized that the adoption of robotics can make mining operations more precise and predictable. Robots can work 24/7 and eliminate the indirect costs associated with shift changes and driver breaks. In view of this, mining companies such as BHP Billiton, Rio Tinto, Anglo American, and Vale is investing in technologies such as robotics to enhance productivity. Such increasing investment will drive the mining robotics market growth during the forecast period.

Key Robotics Market Trend in Mining Industry

One of the key robotics market trends in mining industry is the rising adoption of collaborative robots. Collaborative robots are meant to work in collaboration with humans. These robots are built using advanced smart sensors such as torque sensors and built-in safety sensors to enhance their coordination and sensitivity to the environment. Apart from advanced coordination, these robots cost less, which has increased their popularity among industry players. Moreover, the small size of these robots allows them to be deployed in tight spaces and moving platforms. Thus, the enhancements in the capabilities of collaborative robots in terms of programming and setup will increase the demand for these robotic solutions significantly during the forecast period.

Key Robotics Market Challenge in Mining Industry

One of the challenges hindering the mining robotics market growth is the high cost of deployment. Primarily, robots for the mining industry are expensive and require a large initial one-time payment. For instance, in the case of robots used in the mining industry, the price of one robotic system can go as high as around $2.5 million. Apart from equipment costs, there are maintenance costs for servicing and upgrades, running the control room, and other system integration services. Moreover, the high cost associated with the training of specialists and operators for the deployment of robots is also a major challenge for the growth of the market. However, as end-users with budget constraints are not keen on adopting robots in the mining industry, if they are not cost-effective, the sales of vendors can be affected. These factors can have a negative impact on the mining robotics market growth during the forecast period.

This robotics market in mining industry analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.

Parent Market Analysis

Technavio categorizes the global robotics market in mining industry as a part of the global industrial machinery market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the robotics market in mining industry during the forecast period.

Who are the Major Robotics Market in Mining Industry Vendors?

The report analyzes the market's competitive landscape and offers information on several market vendors, including:

 

  • ABB Ltd.
  • Airobotics Ltd.
  • Autonomous Solutions inc.
  • Caterpillar inc.
  • Cisco Systems inc.
  • Clearpath Robotics inc.
  • Hexagon AB
  • Hitachi Ltd.
  • Komatsu Mining Corp.
  • Mine Site Technologies Pty Ltd.
  • Nabors industries Ltd.
  • Percepto
  • Rockwell Automation inc.
  • Sandvik AB
  • Symboticware inc.
  • Trimble inc.
  • Zyfra LLC

 

This statistical study of the robotics market in mining industry encompasses successful business strategies deployed by the key vendors. The robotics market in mining industry is fragmented and the vendors are deploying growth strategies such as R&D investments to compete in the market.

Product insights and News

  • Asirobots.com - The company offers robotics in mining industry such as automated drilling and blasting and intelligent tele op.
  • Cat.com - The company offers robotics in mining industry such as MineStar to automate a single mining process.
  • Clearpathrobotics.com - The company offers robotics in mining industry such as Husky based sensing system.

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The robotics market in mining industry forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.

Robotics Market in Mining Industry Value Chain Analysis

Our report provides extensive information on the value chain analysis for the robotics market in mining industry, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.

Which are the Key Regions for Robotics Market in Mining industry?

Robotics Market Market segmentation by region

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48% of the market's growth will originate from APAC during the forecast period. China, Australia, and India are the key markets for the robotics market in mining industry in APAC. Market growth in this region will be faster than the growth of the market in other regions.

The government initiatives and the presence of a skilled labor force will facilitate the robotics market in mining industry growth in APAC over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

COVID Impact and Recovery Analysis

The outbreak of COVID-19 had a negative impact on the market growth. However, the roll-out of COVID-19 vaccines in a majority of the countries in the region and the gradual lifting of restrictions from the beginning of 2021 has propelled the demand for industrial robotics. Thus, the mining robotics market in the region is expected to grow during the forecast period.

What are the Revenue-generating Application Segments in the Robotics Market in Mining Industry?

Robotics Market Segmentation

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The robotics market share growth in mining industry by the material handling segment will be significant during the forecast period. The segment includes revenue from tasks such as loading and hauling that are carried out by autonomous trucks and mobile robot platforms. There has been an increase in the adoption of robots to ensure the safety of miners since transportation tasks in mines are repetitive and dangerous. Thus, the forecast period will continue to see the demand for robots for material handling tasks with the emergence of autonomous trucks for moving rocks and ore and thereby driving the robotics market in mining industry market growth. 

This report provides an accurate prediction of the contribution of all the segments to the growth of the robotics market size in mining industry and actionable market insights on post COVID-19 impact on each segment.

 

Robotics Market Scope in Mining Industry

Report Coverage

Details

Page number

120

Base year

2021

Forecast period

2022-2026

Growth momentum & CAGR

Accelerate at a CAGR of 20.08%

Market growth 2022-2026

$ 2.04 billion

Market structure

Fragmented

YoY growth (%)

19.0

Regional analysis

APAC, North America, Europe, South America, and Middle East and Africa

Performing market contribution

APAC at 48%

Key consumer countries

US, China, Australia, india, and Russia

Competitive landscape

Leading companies, Competitive strategies, Consumer engagement scope

Key companies profiled

ABB Ltd., Airobotics Ltd., Autonomous Solutions inc., Caterpillar inc., Cisco Systems inc., Clearpath Robotics inc., Hexagon AB, Hitachi Ltd., Komatsu Mining Corp., Mine Site Technologies Pty Ltd., Nabors industries Ltd., Percepto, Rockwell Automation inc., Sandvik AB, Symboticware inc., Trimble inc., and Zyfra LLC

Market dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period

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What are the Key Data Covered in this Robotics Market in Mining Industry Report?

  • CAGR of the market during the forecast period 2022-2026
  • Detailed information on factors that will drive robotics market growth in mining industry during the next five years
  • Precise estimation of the robotics market size in mining industry and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the robotics in mining industry across APAC, North America, Europe, South America, and Middle East and Africa
  • A thorough analysis of the market's competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of robotics market vendors in mining industry 

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1 Executive Summary

  • 1.1 Market overview
    • Exhibit 01: Executive Summary – Chart on Market Overview
    • Exhibit 02: Executive Summary – Data Table on Market Overview
    • Exhibit 03: Executive Summary – Chart on Global Market Characteristics
    • Exhibit 04: Executive Summary – Chart on Market by Geography
    • Exhibit 05: Executive Summary – Chart on Market Segmentation by Application
    • Exhibit 06: Executive Summary – Chart on Incremental Growth
    • Exhibit 07: Executive Summary – Data Table on Incremental Growth
    • Exhibit 08: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

  • 2.1 Market ecosystem
    • Exhibit 09: Parent market
    • Exhibit 10: Market Characteristics

3 Market Sizing

  • 3.1 Market definition
    • Exhibit 11: Offerings of vendors included in the market definition
  • 3.2 Market segment analysis
    • Exhibit 12: Market segments
  • 3.3 Market size 2021
    • 3.4 Market outlook: Forecast for 2021-2026
      • Exhibit 13: Chart on Global - Market size and forecast 2021-2026 ($ million)
      • Exhibit 14: Data Table on Global - Market size and forecast 2021-2026 ($ million)
      • Exhibit 15: Chart on Global Market: Year-over-year growth 2021-2026 (%)
      • Exhibit 16: Data Table on Global Market: Year-over-year growth 2021-2026 (%)

    4 Five Forces Analysis

    • 4.1 Five forces summary
      • Exhibit 17: Five forces analysis - Comparison between 2021 and 2026
    • 4.2 Bargaining power of buyers
      • Exhibit 18: Chart on Bargaining power of buyers – Impact of key factors 2021 and 2026
    • 4.3 Bargaining power of suppliers
      • Exhibit 19: Bargaining power of suppliers – Impact of key factors in 2021 and 2026
    • 4.4 Threat of new entrants
      • Exhibit 20: Threat of new entrants – Impact of key factors in 2021 and 2026
    • 4.5 Threat of substitutes
      • Exhibit 21: Threat of substitutes – Impact of key factors in 2021 and 2026
    • 4.6 Threat of rivalry
      • Exhibit 22: Threat of rivalry – Impact of key factors in 2021 and 2026
    • 4.7 Market condition
      • Exhibit 23: Chart on Market condition - Five forces 2021 and 2026

    5 Market Segmentation by Application

    • 5.1 Market segments
      • Exhibit 24: Chart on Application - Market share 2021-2026 (%)
      • Exhibit 25: Data Table on Application - Market share 2021-2026 (%)
    • 5.2 Comparison by Application
      • Exhibit 26: Chart on Comparison by Application
      • Exhibit 27: Data Table on Comparison by Application
    • 5.3 Material handling - Market size and forecast 2021-2026
      • Exhibit 28: Chart on Material handling - Market size and forecast 2021-2026 ($ million)
      • Exhibit 29: Data Table on Material handling - Market size and forecast 2021-2026 ($ million)
      • Exhibit 30: Chart on Material handling - Year-over-year growth 2021-2026 (%)
      • Exhibit 31: Data Table on Material handling - Year-over-year growth 2021-2026 (%)
    • 5.4 Surveying and mapping - Market size and forecast 2021-2026
      • Exhibit 32: Chart on Surveying and mapping - Market size and forecast 2021-2026 ($ million)
      • Exhibit 33: Data Table on Surveying and mapping - Market size and forecast 2021-2026 ($ million)
      • Exhibit 34: Chart on Surveying and mapping - Year-over-year growth 2021-2026 (%)
      • Exhibit 35: Data Table on Surveying and mapping - Year-over-year growth 2021-2026 (%)
    • 5.5 Drilling - Market size and forecast 2021-2026
      • Exhibit 36: Chart on Drilling - Market size and forecast 2021-2026 ($ million)
      • Exhibit 37: Data Table on Drilling - Market size and forecast 2021-2026 ($ million)
      • Exhibit 38: Chart on Drilling - Year-over-year growth 2021-2026 (%)
      • Exhibit 39: Data Table on Drilling - Year-over-year growth 2021-2026 (%)
    • 5.6 Others - Market size and forecast 2021-2026
      • Exhibit 40: Chart on Others - Market size and forecast 2021-2026 ($ million)
      • Exhibit 41: Data Table on Others - Market size and forecast 2021-2026 ($ million)
      • Exhibit 42: Chart on Others - Year-over-year growth 2021-2026 (%)
      • Exhibit 43: Data Table on Others - Year-over-year growth 2021-2026 (%)
    • 5.7 Market opportunity by Application
      • Exhibit 44: Market opportunity by Application ($ million)

    6 Customer Landscape

    • 6.1 Customer landscape overview
      • Exhibit 45: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

    7 Geographic Landscape

    • 7.1 Geographic segmentation
      • Exhibit 46: Chart on Market share by geography 2021-2026 (%)
      • Exhibit 47: Data Table on Market share by geography 2021-2026 (%)
    • 7.2 Geographic comparison
      • Exhibit 48: Chart on Geographic comparison
      • Exhibit 49: Data Table on Geographic comparison
    • 7.3 APAC - Market size and forecast 2021-2026
      • Exhibit 50: Chart on APAC - Market size and forecast 2021-2026 ($ million)
      • Exhibit 51: Data Table on APAC - Market size and forecast 2021-2026 ($ million)
      • Exhibit 52: Chart on APAC - Year-over-year growth 2021-2026 (%)
      • Exhibit 53: Data Table on APAC - Year-over-year growth 2021-2026 (%)
    • 7.4 North America - Market size and forecast 2021-2026
      • Exhibit 54: Chart on North America - Market size and forecast 2021-2026 ($ million)
      • Exhibit 55: Data Table on North America - Market size and forecast 2021-2026 ($ million)
      • Exhibit 56: Chart on North America - Year-over-year growth 2021-2026 (%)
      • Exhibit 57: Data Table on North America - Year-over-year growth 2021-2026 (%)
    • 7.5 Europe - Market size and forecast 2021-2026
      • Exhibit 58: Chart on Europe - Market size and forecast 2021-2026 ($ million)
      • Exhibit 59: Data Table on Europe - Market size and forecast 2021-2026 ($ million)
      • Exhibit 60: Chart on Europe - Year-over-year growth 2021-2026 (%)
      • Exhibit 61: Data Table on Europe - Year-over-year growth 2021-2026 (%)
    • 7.6 South America - Market size and forecast 2021-2026
      • Exhibit 62: Chart on South America - Market size and forecast 2021-2026 ($ million)
      • Exhibit 63: Data Table on South America - Market size and forecast 2021-2026 ($ million)
      • Exhibit 64: Chart on South America - Year-over-year growth 2021-2026 (%)
      • Exhibit 65: Data Table on South America - Year-over-year growth 2021-2026 (%)
    • 7.7 Middle East and Africa - Market size and forecast 2021-2026
      • Exhibit 66: Chart on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
      • Exhibit 67: Data Table on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
      • Exhibit 68: Chart on Middle East and Africa - Year-over-year growth 2021-2026 (%)
      • Exhibit 69: Data Table on Middle East and Africa - Year-over-year growth 2021-2026 (%)
    • 7.8 China - Market size and forecast 2021-2026
      • Exhibit 70: Chart on China - Market size and forecast 2021-2026 ($ million)
      • Exhibit 71: Data Table on China - Market size and forecast 2021-2026 ($ million)
      • Exhibit 72: Chart on China - Year-over-year growth 2021-2026 (%)
      • Exhibit 73: Data Table on China - Year-over-year growth 2021-2026 (%)
    • 7.9 US - Market size and forecast 2021-2026
      • Exhibit 74: Chart on US - Market size and forecast 2021-2026 ($ million)
      • Exhibit 75: Data Table on US - Market size and forecast 2021-2026 ($ million)
      • Exhibit 76: Chart on US - Year-over-year growth 2021-2026 (%)
      • Exhibit 77: Data Table on US - Year-over-year growth 2021-2026 (%)
    • 7.10 Australia - Market size and forecast 2021-2026
      • Exhibit 78: Chart on Australia - Market size and forecast 2021-2026 ($ million)
      • Exhibit 79: Data Table on Australia - Market size and forecast 2021-2026 ($ million)
      • Exhibit 80: Chart on Australia - Year-over-year growth 2021-2026 (%)
      • Exhibit 81: Data Table on Australia - Year-over-year growth 2021-2026 (%)
    • 7.11 Russia - Market size and forecast 2021-2026
      • Exhibit 82: Chart on Russia - Market size and forecast 2021-2026 ($ million)
      • Exhibit 83: Data Table on Russia - Market size and forecast 2021-2026 ($ million)
      • Exhibit 84: Chart on Russia - Year-over-year growth 2021-2026 (%)
      • Exhibit 85: Data Table on Russia - Year-over-year growth 2021-2026 (%)
    • 7.12 India - Market size and forecast 2021-2026
      • Exhibit 86: Chart on India - Market size and forecast 2021-2026 ($ million)
      • Exhibit 87: Data Table on India - Market size and forecast 2021-2026 ($ million)
      • Exhibit 88: Chart on India - Year-over-year growth 2021-2026 (%)
      • Exhibit 89: Data Table on India - Year-over-year growth 2021-2026 (%)
    • 7.13 Market opportunity by geography
      • Exhibit 90: Market opportunity by geography ($ million)

    8 Drivers, Challenges, and Trends

    • 8.1 Market drivers
      • 8.2 Market challenges
        • 8.3 Impact of drivers and challenges
          • Exhibit 91: Impact of drivers and challenges in 2021 and 2026
        • 8.4 Market trends

          9 Vendor Landscape

          • 9.1 Overview
            • 9.2 Vendor landscape
              • Exhibit 92: Overview on Criticality of inputs and Factors of differentiation
            • 9.3 Landscape disruption
              • Exhibit 93: Overview on factors of disruption
            • 9.4 Industry risks
              • Exhibit 94: Impact of key risks on business

            10 Vendor Analysis

            • 10.1 Vendors covered
              • Exhibit 95: Vendors covered
            • 10.2 Market positioning of vendors
              • Exhibit 96: Matrix on vendor position and classification
            • 10.3 Autonomous Solutions Inc.
              • Exhibit 97: Autonomous Solutions Inc. - Overview
              • Exhibit 98: Autonomous Solutions Inc. - Product / Service
              • Exhibit 99: Autonomous Solutions Inc. - Key offerings
            • 10.4 Caterpillar Inc.
              • Exhibit 100: Caterpillar Inc. - Overview
              • Exhibit 101: Caterpillar Inc. - Business segments
              • Exhibit 102: Caterpillar Inc. - Key offerings
              • Exhibit 103: Caterpillar Inc. - Segment focus
            • 10.5 Clearpath Robotics Inc.
              • Exhibit 104: Clearpath Robotics Inc. - Overview
              • Exhibit 105: Clearpath Robotics Inc. - Product / Service
              • Exhibit 106: Clearpath Robotics Inc. - Key offerings
            • 10.6 Hexagon AB
              • Exhibit 107: Hexagon AB - Overview
              • Exhibit 108: Hexagon AB - Business segments
              • Exhibit 109: Hexagon AB - Key news
              • Exhibit 110: Hexagon AB - Key offerings
              • Exhibit 111: Hexagon AB - Segment focus
            • 10.7 Komatsu Mining Corp.
              • Exhibit 112: Komatsu Mining Corp. - Overview
              • Exhibit 113: Komatsu Mining Corp. - Business segments
              • Exhibit 114: Komatsu Mining Corp. - Key offerings
              • Exhibit 115: Komatsu Mining Corp. - Segment focus
            • 10.8 Mine Site Technologies Pty Ltd.
              • Exhibit 116: Mine Site Technologies Pty Ltd. - Overview
              • Exhibit 117: Mine Site Technologies Pty Ltd. - Product / Service
              • Exhibit 118: Mine Site Technologies Pty Ltd. - Key offerings
            • 10.9 Nabors Industries Ltd.
              • Exhibit 119: Nabors Industries Ltd. - Overview
              • Exhibit 120: Nabors Industries Ltd. - Business segments
              • Exhibit 121: Nabors Industries Ltd. - Key news
              • Exhibit 122: Nabors Industries Ltd. - Key offerings
              • Exhibit 123: Nabors Industries Ltd. - Segment focus
            • 10.10 Rockwell Automation Inc.
              • Exhibit 124: Rockwell Automation Inc. - Overview
              • Exhibit 125: Rockwell Automation Inc. - Business segments
              • Exhibit 126: Rockwell Automation Inc. - Key news
              • Exhibit 127: Rockwell Automation Inc. - Key offerings
              • Exhibit 128: Rockwell Automation Inc. - Segment focus
            • 10.11 Sandvik AB
              • Exhibit 129: Sandvik AB - Overview
              • Exhibit 130: Sandvik AB - Business segments
              • Exhibit 131: Sandvik AB - Key news
              • Exhibit 132: Sandvik AB - Key offerings
              • Exhibit 133: Sandvik AB - Segment focus
            • 10.12 Zyfra LLC
              • Exhibit 134: Zyfra LLC - Overview
              • Exhibit 135: Zyfra LLC - Product / Service
              • Exhibit 136: Zyfra LLC - Key offerings

            11 Appendix

            • 11.1 Scope of the report
              • 11.2 Inclusions and exclusions checklist
                • Exhibit 137: Inclusions checklist
                • Exhibit 138: Exclusions checklist
              • 11.3 Currency conversion rates for US$
                • Exhibit 139: Currency conversion rates for US$
              • 11.4 Research methodology
                • Exhibit 140: Research methodology
                • Exhibit 141: Validation techniques employed for market sizing
                • Exhibit 142: Information sources
              • 11.5 List of abbreviations
                • Exhibit 143: List of abbreviations
              • in manufacturing industry: Market dynamics in some major processes and discrete industries are changing drastically, and manufacturers are gradually feeling the brunt of excessive demand fluctuations. The fluctuating prices of oil and gas and metals in the global market and the shortage of a skilled workforce worldwide have directly affected the profitability of manufacturing companies. A sudden and unexpected shift in market dynamics can drastically impact manufacturing processes and investments in capital goods.
                • slowdown in the automotive industry: High motorization rates in North America and Europe, the increase in tariffs on imported vehicles in the US and China, and the global economic slowdown are likely to reduce vehicle sales in the coming years. Anticipating a decline in vehicle sales, several vehicle manufacturers are halting their vehicle production. For instance, in March 2019, Ford announced the shutdown of its three vehicle-manufacturing sites in Russia. Similarly, in August 2019, Mahindra and Mahindra Ltd. stopped vehicle production at its manufacturing units in India for 8-14 days. During the same month, Maruti Suzuki announced that it had cut its vehicle production for the sixth consecutive month in 2019. In August 2019, Honda announced a halt in car production at its Argentina-based manufacturing plants. Such a slowdown in the automotive industry is expected to hamper the growth of the market during the forecast period.

                  Research Framework

                  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.

                  TechnavioINFORMATION SOURCES

                  Primary sources

                  • Manufacturers and suppliers
                  • Channel partners
                  • Industry experts
                  • Strategic decision makers

                  Secondary sources

                  • Industry journals and periodicals
                  • Government data
                  • Financial reports of key industry players
                  • Historical data
                  • Press releases
                  Technavio

                  TechnavioDATA ANALYSIS

                  Data Synthesis

                  • Collation of data
                  • Estimation of key figures
                  • Analysis of derived insights

                  Data Validation

                  • Triangulation with data models
                  • Reference against proprietary databases
                  • Corroboration with industry experts
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                  TechnavioREPORT WRITING

                  Qualitative

                  • Market drivers
                  • Market challenges
                  • Market trends
                  • Five forces analysis

                  Quantitative

                  • Market size and forecast
                  • Market segmentation
                  • Geographical insights
                  • Competitive landscape
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                  Robotics Market in Mining Industry market growth will increase by $2.04 bn during 2022-2026.
                  The robotics market in mining industry market is expected to grow at a CAGR of 20.08% during 2022-2026.
                  Technavio has segmented the robotics market in mining industry market by application (Material handling, Surveying and mapping, Drilling, and Others) and geography (APAC, North America, Europe, South America, and Middle East and Africa).
                  ABB Ltd., Airobotics Ltd., Autonomous Solutions Inc., Caterpillar Inc., Cisco Systems Inc., Clearpath Robotics Inc., Hexagon AB, Hitachi Ltd., Komatsu Mining Corp., Mine Site Technologies Pty Ltd., Nabors Industries Ltd., Percepto, Rockwell Automation Inc., Sandvik AB, Symboticware Inc., Trimble Inc., Zyfra LLC are a few of the key vendors in the robotics market in mining industry market.
                  APAC will register the highest growth rate of 48% among the other regions. Therefore, the robotics market in mining industry market in APAC is expected to garner significant business opportunities for the vendors during the forecast period.
                  The key factors driving the robotics market in mining industry market growth are:
                  • Increase in technology investment by mining companies
                  • Rising adoption of collaborative robots
                  The robotics market in mining industry market vendors should focus on grabbing business opportunities from the material handling segment as it accounted for the largest market share in the base year.
                  • What are the key global market and the regional market share?
                  • What are the revenue-generating key market segments?
                  • What are the key factors driving and challenging this market’s growth?
                  • Who are the key market vendors and their growth strategies?
                  • What are the latest trends influencing the growth of this market?
                  • What are the variables influencing the market growth in the primary regions?
                  • What are the factors influencing the growth of the parent market?
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