Connected Mining Market Analysis Report and Demand 2024

1. Downloaded from: justpaste.it/87kf5 Connected Mining Market Demand, News, Size, Share and Forecast 2024 Connected Mining Market size has the potential to grow by USD 17.02 billion during 2020-2024, and the market’s growth momentum will accelerate during the forecast period. Get Sample of the Report: https://www.technavio.com/talk-to-us? report=IRTNTR41638&type=sample&src=report This report provides a detailed analysis of the market by geographic landscape (North America, APAC, Europe, South America, and MEA), type (surface mining and underground mining), and category (automated equipment and component). Also, the report analyzes the market’s competitive landscape. It offers information on several market vendors, including ABB Ltd., Accenture Plc, Caterpillar Inc., Cisco Systems Inc., Hexagon AB, Hitachi Construction Machinery Co. Ltd., Komatsu Ltd., Rockwell Automation Inc., Telefonaktiebolaget LM Ericsson, and Trimble Inc. Market Competitive Analysis The market is fragmented. Many network equipment providers in the global connected mining market are entering partnerships, initiating investments to develop the 5G wireless technology, and entering the internet of things (IoT) market space to sustain themselves in the market. ABB Ltd., Accenture Plc, and Caterpillar Inc. are some of the major market participants. Although the increasing availability of advanced aerial imagery will offer immense growth opportunities, the risks associated with cybersecurity will challenge the growth of the market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast- growing segments, while maintaining their positions in the slow-growing segments. To help clients improve their market position, this connected mining market forecast report provides a detailed analysis of the market leaders. It offers information on the competencies and capacities of these companies. The report also covers details on the market’s competitive landscape and provides information on the products offered by various companies. Moreover, this connected mining market analysis report provides information on the upcoming trends and challenges that will influence market growth. This will help companies create strategies to make the most of future growth opportunities. Connected Mining Market: Key Drivers and Trends The connected mining market will register a CAGR of almost 21% during the forecast period. The increasing availability of advanced aerial imagery will drive the growth prospects for the connected mining market during the forecast period. High-resolution digital satellite aerial imagery has gained popularity among government organizations, planners, developers, and engineers for real-estate management, land calculations, mining operations, road planning, and small-scale mapping. This aspect is attributed to the ability of strategic planning and evaluation in engineering and urban planning from the information obtained from aerial images and

2. geographic information system (GIS) mapping. Furthermore, the aerial imagery provides a thorough approach to the site identification, evaluation, and selection of mining operations, which helps urban developers in detecting land use opportunities, the feasibility of proposals, and changes in the design. Also, images obtained by satellites are used by government organizations across various sectors such as defense, oil and natural gas, mining, meteorology, and agriculture. The enhanced satellite ground equipment enables high-resolution aerial imagery that can be used to document the construction status and avoid unnecessary latencies. Moreover, the aerial imagery helps in understanding the issues such as traffic congestion, overcrowding of buildings, and district heating. Artificial intelligence is providing decision-making insights to various firms across different sectors, such as in the mining sector. Mining companies, as well as mining equipment and solution manufacturers, can use the operational data pertaining to mining activities and machine learning to improve their operations, mine safety, and production workflows. The implementation of artificial intelligence technologies in mining areas, which is one of the key connected mining market trends, allows the generation of day-to-day data in relatively less time than that generated using manual interventions. For instance, mining companies can find minerals more easily by using high- performance artificial intelligence technology. Similarly, the integration of artificial intelligence with underground mining equipment can improve the efficiency and cost-effectiveness of mining operations, as automated equipment can operate without human intervention and requires a smaller workforce to operate it. The mining industry is seeking to reduce the costs as well as the environmental impact of mining by using artificial intelligence-integrated underground mining equipment. Artificial intelligence-integrated mining equipment helps to ensure the safety and reliability of both mine operators and miners and mining areas.