Smart Mining Sector: Growth Drivers and Challenges
Growth Drivers
- Growing Adoption of Autonomous Equipment Worldwide
- Increasing Demand for Metals and Minerals in Various Industries
Challenges
- Lack of Skilled Workforce
Smart Mining Market: Key Insights
|
Base Year |
2024 |
|
Forecast Year |
2025-2037 |
|
CAGR |
11.3% |
|
Base Year Market Size (2024) |
USD 15.78 billion |
|
Forecast Year Market Size (2037) |
USD 63.47 billion |
|
Regional Scope |
|
Browse key industry insights with market data tables & charts from the report:
Frequently Asked Questions (FAQ)
In the year 2025, the industry size of smart mining is estimated at USD 17.3 billion.
Smart Mining Market size was over USD 15.78 billion in 2024 and is anticipated to cross USD 63.47 billion by 2037, witnessing more than 11.3% CAGR during the forecast period i.e., between 2025-2037.
Latin America industry is predicted to hold largest revenue share by 2037, on the back of rising demand for mine plants equipped with remote surveillance and collaborated environment, and increasing government expenditure for technological advancements in the region.
The major players in the market are ABB Ltd., Caterpillar Inc., Atlas Joy Global Inc., Cisco Systems Inc., Hitachi Construction Machinery Co. Ltd., and others.
