Autonomous Mining Equipment and Vehicles Market Size By Application (Metal, Coal, and Other), By Type (Underground LHD Loaders, Autonomous Hauling/Mining Trucks, Autonomous Drilling Rigs, Tunneling Equipment, and Other), By Geographic Scope And Forecast
Report Highlights
Autonomous Mining Equipment and Vehicles Market Size and Forecast
Autonomous Mining Equipment and Vehicles Market was valued at USD 2,694.5 Million in 2019 and is projected to reach USD 5,185.52 Million by 2027, growing at a CAGR of 9.80% from 2020 to 2027.
Global Autonomous Mining Equipment and Vehicles Market Overview
Internet of things (IoT) brings various technologies together, such as sensors, radio frequency identification, and GPS under one category. Technologies such as GPS connectivity can be tailored to different situations for personalized solutions. Through IoT, industry leaders can improve their mining procedures and make their processes more productive. Rising adoption of the internet of things (IoT) in the mining industry. However, the lack of skilled people to operate autonomous Mining Equipment and Vehicles is a major factor hampering the growth of the market.
Global Autonomous Mining Equipment and Vehicles Market: Segmentation Analysis
The Global Autonomous Mining Equipment and Vehicles Market is segmented on the basis of application, type, and geography.
Autonomous Mining Equipment and Vehicles Market Competitive Landscape
- Caterpillar Inc.
- Komatsu LTD
- Hitachi Construction Machinery Co., Ltd
- Sandvik AB
- Epiroc AB
- Others
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