Asia Pacific Smart Mining Market Forecast to 2030 - Regional Analysis - by Component (Automated Equipment, Hardware Component, Software Solution, and Services) and Mining Type (Underground Mining and Surface Mining)
The Asia Pacific smart mining market was valued at US$ 5,832.05 million in 2022 and is expected to reach US$ 13,440.53 million by 2030; it is estimated to register a CAGR of 11.0% from 2022 to 2030.
Adoption of Automated Mining Equipment Fuels Asia Pacific Smart Mining Market
Smart mines with already installed technologies can automate their operations faster than those lagging in technological adoption. By implementing advanced technologies, mining operators can expand their current wireless network of embedded sensors. For instance, installing automation software enables the operator to monitor static and moving assets remotely and program automated interaction between both. Automated trucks carry out mining operations with the help of a physical sensor network and the remotely configured and managed software system, which previously required a truck driver fleet for service. Digitizing a mine by installing a wireless sensor network to perform remote readings can facilitate further digitization, such as automating key mining processes. Growing use of Operational Intelligence (OI) technologies, wireless monitoring and predictive maintenance support mining operators to track operational properties, to overcome the risks associated with mining and other crucial tasks. In real-time, the digital data collection process replaces the manual data collection at the operational site. The pressure of pore water plays a significant role in the dam site. The fluctuation in pore water pressure may lead to a sudden break in the dam. Instead of manual pressure measurement, operators can continuously track pore water pressure levels with real-time digital readings, giving them better capabilities to protect their critical assets. Mining automation not only provides protection but also makes complex operations simpler. Rio Tinto and BHP Billiton set up remote operation centers in Western Australia to enhance worker productivity and achieve effective mine operations. The nation also focuses on setting up broadband networks to collect, monitor, and process data for process optimization. The system allows resource-efficient usage and promotes the effective use of water and electricity to ensure sustainability in the environment and economy.
Numerous mining and technology companies are developing automated mining equipment to improve worker safety and working conditions, increase productivity, improve fuel efficiency and vehicle utilization, reduce driver fatigue and attrition, and reduce unscheduled maintenance.
- In May 2023, Komatsu Ltd. launched a series of medium-sized hydraulic excavators equipped with a hydrogen fuel cell to achieve carbon neutrality in the mining and construction workplaces. This excavator delivers powerful digging performance and high operability to mining operations.
- In March 2023, Roll Hill announced the expansion of its autonomous haulage system (AHS) by partnering with Epiroc and ASI. The companies are working on converting Roy Hill's 96 conventional haul trucks into the world's first autonomous haul truck solution. The autonomous haul truck provides driverless operation and helps Roll Hill to create the world's largest autonomous mine.
- In November 2020, ABB launched the ABB Ability Safety Plus for hoists, a suite of mine hoist safety. The products consist of Safety Plus Hoist Protector, Safety Plus Hoist Monitor, and Safety Plus Brake System with Safety Brake Hydraulics. ABB Ability Safety Plus is the first independently certified Safety Integrity Level 3 mine hoist system in the mining industry.
Asia Pacific Smart Mining Market Overview
Asia Pacific comprises several developed economies such as China, India, Japan, South Korea, and Australia. These countries are witnessing an increase in the middle-class population and urbanization that offers ample opportunities for key market players in the smart mining market. Asia Pacific is well-known for its technological innovations. Rapid technological developments, government support, digitalization of the economy, and rise in disposable income of the middle-income class group are among the factors that help the economy of the countries to develop. Asia Pacific integrates the smart mining industry more quickly than other regions. For instance, Asia Pacific has one of the biggest surface mines including Bakan Gold Project(Indonesia), Gevra OC Mine(India), Sangatta Mine(India), Kusmunda OC Mine( India), Batu Hijau Mine(Indonesia), Anjialing Open Pit Mine(China), ou Tolgoi Copper-Gold Mine(Mongolia), etc. The increasing number of mines increases the demand for the innovative technologies in mining. Therefore, the smart mining is gaining traction in the market.
Several major mining companies reside in the region. By market capitalization, nearly half of the top 40 global mining companies, such as BHP Group, Rio Tinto, China Shenhua Energy Company, and Coal India, are in or closely tied to the region. Furthermore, the most important current mining deals involve the region. All these factors are expected to contribute to the growth of the smart mining market in Asia Pacific.
Asia Pacific Smart Mining Market Revenue and Forecast to 2030 (US$ Million)
Asia Pacific Smart Mining Market Segmentation
The Asia Pacific smart mining market is segmented based on component, mining type, and country.
Based on component, the Asia Pacific smart mining market is segmented into automated equipment, hardware component, software solution, and services. The automated equipment segment held the largest Asia Pacific smart mining market share in 2022. The automated segment is further subsegmented into load haul dump, robotic truck, driller & breaker, excavator, and other automated equipment. The hardware component is further subsegmented into RFID tags, sensors, intelligent system, and others. The software solutions are further subsegmented into logistics software and solutions, data & operation management software and solutions, safety & security systems, connectivity solutions, analytics solutions, remote management solutions, and asset management solutions.
In terms of mining type, the Asia Pacific smart mining market is bifurcated into underground mining and surface mining. The surface mining segment held a larger Asia Pacific smart mining market share in 2022.
Based on country, the Asia Pacific smart mining market is categorized into China, India, Japan, South Korea, Australia, and the Rest of Asia Pacific. China dominated the Asia Pacific smart mining market in 2022.
ABB Ltd, Alastri, Caterpillar Inc, Hexagon AB, Hitachi Ltd, MineSense, Rockwell Automation Inc, SAP SE, and Trimble Inc are some of the leading companies operating in the Asia Pacific smart mining market.
Table of Content
1. Introduction
1.1 The Insight Partners Research Report Guidance
1.2 Market Segmentation
2. Executive Summary
2.1 Key Insights
2.2 Market Attractiveness
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. Asia pacific Smart Mining Market Landscape
4.1 Overview
4.2 Ecosystem Analysis
4.2.1 Hardware and Software Solutions providers:
4.2.2 System Integrator Service Provider:
4.2.3 End User
4.2.4 List of Vendors in Value Chain
5. Asia Pacific Smart Mining Market - Key Industry Dynamics
5.1 Drivers
5.1.1 Growing Need to Keep Workforce Safe
5.1.2 Rising Requirement to Improve Data Security
5.1.3 Increasing Mining Projects
5.2 Market Restraints
5.2.1 Stringent Regulations Imposed by Governments
5.3 Market Opportunities
5.3.1 Adoption of Automated Mining Equipment
5.4 Future Trends
5.4.1 Introduction of Industrial Internet of Things (IIoT)
5.5 Impact of Drivers and Restraints:
6. Smart Mining Market - Asia Pacific Market Analysis
6.1 Asia Pacific Smart Mining Market Revenue (US$ Million), 2022 - 2030
7. Asia Pacific Smart Mining Market Analysis - Component
7.1 Automated Equipment
7.1.1 Overview
7.1.2 Automated Equipment: Asia Pacific Smart Mining Market Revenue and Forecasts to 2030 (US$ Million)
7.1.2.1 Load Haul Dump: Asia Pacific Smart Mining Market Revenue and Forecasts to 2030 (US$ Million)
7.1.2.2 Robotic Truck: Asia Pacific smart mining market Revenue and Forecasts to 2030 (US$ Million)
7.1.2.3 Driller & Breaker: Global Smart Mining Market Revenue and Forecasts to 2030 (US$ Million)
7.1.2.4 Excavator: Asia Pacific Smart Mining Market Revenue and Forecasts to 2030 (US$ Million)
7.1.2.5 Other Automated Equipment: Asia Pacific Smart Mining Market Revenue and Forecasts to 2030 (US$ Million)
7.2 Hardware Component
7.2.1 Overview
7.2.2 Hardware Component: Asia Pacific Smart Mining Market Revenue and Forecasts to 2030 (US$ Million)
7.2.2.1 RFID Tags
7.2.2.1.1 Overview
7.2.2.1.2 RFID Tags : Asia Pacific Smart Mining Market Revenue and Forecasts to 2030 (US$ Million)
7.2.2.2 Sensors
7.2.2.2.1 Overview
7.2.2.2.2 Sensors : Asia Pacific Smart Mining Market Revenue and Forecasts to 2030 (US$ Million)
7.2.2.3 Intelligent System
7.2.2.3.1 Overview
7.2.2.3.2 Intelligent System : Asia Pacific Smart Mining Market Revenue and Forecasts to 2030 (US$ Million)
7.2.2.4 Others
7.2.2.4.1 Overview
7.2.2.4.2 Others : Asia Pacific Smart Mining Market Revenue and Forecasts to 2030 (US$ Million)
7.3 Software Solution
7.3.1 Overview
7.3.2 Software Solution : Asia Pacific Smart Mining Market Revenue and Forecasts to 2030 (US$ Million)
7.3.2.1 Logistics Software and Solutions : Asia Pacific Smart Mining Market Revenue and Forecasts to 2030 (US$ Million)
7.3.2.1.1 Overview
7.3.2.1.2 Logistics Software and Solutions: Asia Pacific Smart Mining Market Revenue and Forecasts to 2030 (US$ Million)
7.3.2.2 Data & Operation Management Software and Solutions: Asia Pacific Smart Mining Market Revenue and Forecasts to 2030 (US$ Million)
7.3.2.2.1 Overview
7.3.2.2.2 Data & Operation Management Software and Solutions: Asia Pacific Smart Mining Market Revenue and Forecasts to 2030 (US$ Million)
7.3.2.3 Safety & Security Systems : Asia Pacific Smart Mining Market Revenue and Forecasts to 2030 (US$ Million)
7.3.2.3.1 Overview
7.3.2.3.2 Safety & Security Systems : Asia Pacific Smart Mining Market Revenue and Forecasts to 2030 (US$ Million)
7.3.2.4 Connectivity Solutions : Asia Pacific Smart Mining Market Revenue and Forecasts to 2030 (US$ Million)
7.3.2.4.1 Overview
7.3.2.4.2 Connectivity Solutions : Asia Pacific Smart Mining Market Revenue and Forecasts to 2030 (US$ Million)
7.3.2.5 Analytics Solutions : Asia Pacific Smart Mining Market Revenue and Forecasts to 2030 (US$ Million)
7.3.2.5.1 Overview
7.3.2.5.2 Analytics Solutions : Asia Pacific Smart Mining Market Revenue and Forecasts to 2030 (US$ Million)
7.3.2.6 Remote Management Solutions : Asia Pacific Smart Mining Market Revenue and Forecasts to 2030 (US$ Million)
7.3.2.6.1 Overview
7.3.2.6.2 Remote Management Solutions : Asia Pacific Smart Mining Market Revenue and Forecasts to 2030 (US$ Million)
7.3.2.7 Asset Management Solutions : Asia Pacific Smart Mining Market Revenue and Forecasts to 2030 (US$ Million)
7.3.2.7.1 Overview
7.3.2.7.2 Asset Management Solutions : Asia Pacific Smart Mining Market Revenue and Forecasts to 2030 (US$ Million)
7.4 Services
7.4.1 Overview
7.4.2 Services : Asia Pacific Smart Mining Market Revenue and Forecasts to 2030 (US$ Million)
8. Asia Pacific Smart Mining Market Analysis - Mining Type
8.1 Underground Mining
8.1.1 Overview
8.1.2 Underground Mining: Asia Pacific Smart Mining Market Revenue and Forecasts to 2030 (US$ Million)
8.2 Surface Mining
8.2.1 Overview
8.2.2 Surface Mining : Asia Pacific Smart Mining Market Revenue and Forecasts to 2030 (US$ Million)
9. Asia Pacific Smart Mining Market - Country Analysis
9.1.1 smart mining market Breakdown by Country
9.1.1.1 Australia Smart Mining Market Revenue and Forecasts to 2030 (US$ Million)
9.1.1.1.1 Australia Smart Mining Market Breakdown by Component
9.1.1.1.2 Australia Smart Mining Market Breakdown by Mining Type
9.1.1.2 China Smart Mining Market Revenue and Forecasts to 2030 (US$ Million)
9.1.1.2.1 China Smart Mining Market Breakdown by Component
9.1.1.2.2 China Smart Mining Market Breakdown by Mining Type
9.1.1.3 India Smart Mining Market Revenue and Forecasts to 2030 (US$ Million)
9.1.1.3.1 India Smart Mining Market Breakdown by Component
9.1.1.3.2 India Smart Mining Market Breakdown by Mining Type
9.1.1.4 Japan Smart Mining Market Revenue and Forecasts to 2030 (US$ Million)
9.1.1.4.1 Japan Smart Mining Market Breakdown by Component
9.1.1.4.2 Japan Smart Mining Market Breakdown by Mining Type
9.1.1.5 South Korea Smart Mining Market Revenue and Forecasts to 2030 (US$ Million)
9.1.1.5.1 South Korea Smart Mining Market Breakdown by Component
9.1.1.5.2 South Korea Smart Mining Market Breakdown by Mining Type
9.1.1.6 Rest of Asia Pacific Smart Mining Market Revenue and Forecasts to 2030 (US$ Million)
9.1.1.6.1 Rest of Asia Pacific Smart Mining Market Breakdown by Component
9.1.1.6.2 Rest of Asia Pacific Smart Mining Market Breakdown by Mining Type
10. Smart Mining Market Industry Landscape
10.1 Overview
10.2 Market Initiative
10.3 New Product Development
10.4 Merger and Acquisition
11. Company Profiles
11.1 ABB Ltd
11.1.1 Key Facts
11.1.2 Business Description
11.1.3 Products and Services
11.1.4 Financial Overview
11.1.5 SWOT Analysis
11.1.6 Key Developments
11.2 Alastri
11.2.1 Key Facts
11.2.2 Business Description
11.2.3 Products and Services
11.2.4 Financial Overview
11.2.5 SWOT Analysis
11.2.6 Key Developments
11.3 Caterpillar Inc
11.3.1 Key Facts
11.3.2 Business Description
11.3.3 Products and Services
11.3.4 Financial Overview
11.3.5 SWOT Analysis
11.3.6 Key Developments
11.4 Hexagon AB
11.4.1 Key Facts
11.4.2 Business Description
11.4.3 Products and Services
11.4.4 Financial Overview
11.4.5 SWOT Analysis
11.4.6 Key Developments
11.5 Hitachi Ltd
11.5.1 Key Facts
11.5.2 Business Description
11.5.3 Products and Services
11.5.4 Financial Overview
11.5.5 SWOT Analysis
11.5.6 Key Developments
11.6 MineSense
11.6.1 Key Facts
11.6.2 Business Description
11.6.3 Products and Services
11.6.4 Financial Overview
11.6.5 SWOT Analysis
11.6.6 Key Developments
11.7 Rockwell Automation Inc
11.7.1 Key Facts
11.7.2 Business Description
11.7.3 Products and Services
11.7.4 Financial Overview
11.7.5 SWOT Analysis
11.7.6 Key Developments
11.8 SAP SE
11.8.1 Key Facts
11.8.2 Business Description
11.8.3 Products and Services
11.8.4 Financial Overview
11.8.5 SWOT Analysis
11.8.6 Key Developments
11.9 Trimble Inc
11.9.1 Key Facts
11.9.2 Business Description
11.9.3 Products and Services
11.9.4 Financial Overview
11.9.5 SWOT Analysis
11.9.6 Key Developments
12. Appendix
12.1 About The Insight Partners
12.2 Word Index
List of Tables
Table 1. Asia Pacific Smart Mining Market Segmentation
Table 2. Asia Pacific Smart Mining Market Revenue and Forecasts to 2030 (US$ Million) - Component
Table 3. Asia Pacific Smart Mining Market Revenue and Forecasts to 2030 (US$ Million) - Automated Equipment
Table 4. Asia Pacific Smart Mining Market Revenue and Forecasts to 2030 (US$ Million) -Hardware Component
Table 5. Asia Pacific Smart Mining Market Revenue and Forecasts to 2030 (US$ Million) -Software Solution
Table 6. Asia Pacific Smart Mining Market Revenue and Forecasts to 2030 (US$ Million) - Mining Type
Table 7. Asia Pacific Smart Mining Market, by Country - Revenue and Forecast to 2030 (USD Million)
Table 8. Australia Smart Mining Market Revenue And Forecasts to 2030 (US$ Million) - Component
Table 9. Australia Smart Mining Market Revenue and Forecasts to 2030 (US$ Mn) - By Automated Equipment
Table 10. Australia Smart Mining Market Revenue and Forecasts to 2030 (US$ Mn) - By Hardware Component
Table 11. Australia Smart Mining Market Revenue and Forecasts to 2030 (US$ Mn) - By Software Solution
Table 12. Australia Smart Mining Market Revenue And Forecasts to 2030 (US$ Million) - Mining Type
Table 13. China Smart Mining Market Revenue And Forecasts to 2030 (US$ Million) - Component
Table 14. China Smart Mining Market Revenue and Forecasts to 2030 (US$ Mn) - By Automated Equipment
Table 15. China Smart Mining Market Revenue and Forecasts to 2030 (US$ Mn) - By Hardware Component
Table 16. China Smart Mining Market Revenue and Forecasts to 2030 (US$ Mn) - By Software Solution
Table 17. China Smart Mining Market Revenue And Forecasts to 2030 (US$ Million) - Mining Type
Table 18. India Smart Mining Market Revenue And Forecasts to 2030 (US$ Million) - Component
Table 19. India Smart Mining Market Revenue and Forecasts to 2030 (US$ Mn) - By Automated Equipment
Table 20. India Smart Mining Market Revenue and Forecasts to 2030 (US$ Mn) - By Hardware Component
Table 21. India Smart Mining Market Revenue and Forecasts to 2030 (US$ Mn) - By Software Solution
Table 22. India Smart Mining Market Revenue And Forecasts to 2030 (US$ Million) - Mining Type
Table 23. Japan Smart Mining Market Revenue And Forecasts to 2030 (US$ Million) - Component
Table 24. Japan Smart Mining Market Revenue and Forecasts to 2030 (US$ Mn) - By Automated Equipment
Table 25. Japan Smart Mining Market Revenue and Forecasts to 2030 (US$ Mn) - By Hardware Component
Table 26. Japan Smart Mining Market Revenue and Forecasts to 2030 (US$ Mn) - By Software Solution
Table 27. Japan Smart Mining Market Revenue And Forecasts to 2030 (US$ Million) - Mining Type
Table 28. South Korea Smart Mining Market Revenue And Forecasts to 2030 (US$ Million) - Component
Table 29. South Korea Smart Mining Market Revenue and Forecasts to 2030 (US$ Mn) - By Automated Equipment
Table 30. South Korea Smart Mining Market Revenue and Forecasts to 2030 (US$ Mn) - By Hardware Component
Table 31. South Korea Smart Mining Market Revenue and Forecasts to 2030 (US$ Mn) - By Software Solution
Table 32. South Korea Smart Mining Market Revenue And Forecasts to 2030 (US$ Million) - Mining Type
Table 33. Rest of Asia Pacific Smart Mining Market Revenue And Forecasts to 2030 (US$ Million) - Component
Table 34. Rest of Asia Pacific Smart Mining Market Revenue and Forecasts to 2030 (US$ Mn) - By Automated Equipment
Table 35. Rest of Asia Pacific Smart Mining Market Revenue and Forecasts to 2030 (US$ Mn) - By Hardware Component
Table 36. South Korea Smart Mining Market Revenue and Forecasts to 2030 (US$ Mn) - By Software Solution
Table 37. Rest of Asia Pacific Smart Mining Market Revenue And Forecasts to 2030 (US$ Million) - Mining Type
Table 38. List of Abbreviation
List of Figures
Figure 1. Asia Pacific Smart Mining Market Segmentation, By Country
Figure 2. Ecosystem: Smart Mining Market
Figure 3. Asia Pacific Smart Mining Market - Key Industry Dynamics
Figure 4. Impact Analysis of Drivers and Restraints
Figure 5. Asia Pacific Smart Mining Market Revenue (US$ Million), 2022 - 2030
Figure 6. Asia Pacific Smart Mining Market Share (%) - Component, 2022 and 2030
Figure 7. Automated Equipment: Asia Pacific Smart Mining Market Revenue and Forecasts to 2030 (US$ Million)
Figure 8. Load Haul Dump: Asia Pacific Smart Mining Market Revenue and Forecasts to 2030 (US$ Million)
Figure 9. Robotic Truck: Asia Pacific Smart Mining Market Revenue and Forecasts to 2030 (US$ Million)
Figure 10. Driller & Breaker: Asia Pacific Smart Mining Market Revenue and Forecasts to 2030 (US$ Million)
Figure 11. Excavator: Asia Pacific Smart Mining Market Revenue and Forecasts to 2030 (US$ Million)
Figure 12. Other Automated Equipment: Asia Pacific Smart Mining Market Revenue and Forecasts to 2030 (US$ Million)
Figure 13. Hardware Component: Asia Pacific Smart Mining Market Revenue and Forecasts to 2030 (US$ Million)
Figure 14. RFID Tags : Asia Pacific Smart Mining Market Revenue and Forecasts to 2030 (US$ Million)
Figure 15. Sensors : Asia Pacific Smart Mining Market Revenue and Forecasts to 2030 (US$ Million)
Figure 16. Intelligent System : Asia Pacific Smart Mining Market Revenue and Forecasts to 2030 (US$ Million)
Figure 17. Others : Asia Pacific Smart Mining Market Revenue and Forecasts to 2030 (US$ Million)
Figure 18. Software Solution : Asia Pacific Smart Mining Market Revenue and Forecasts to 2030 (US$ Million)
Figure 19. Logistics Software and Solutions: Asia Pacific Smart Mining Market Revenue and Forecasts to 2030 (US$ Million)
Figure 20. Data & Operation Management Software and Solutions: Asia Pacific Smart Mining Market Revenue and Forecasts to 2030 (US$ Million)
Figure 21. Safety & Security Systems : Asia Pacific Smart Mining Market Revenue and Forecasts to 2030 (US$ Million)
Figure 22. Connectivity Solutions : Asia Pacific Smart Mining Market Revenue and Forecasts to 2030 (US$ Million)
Figure 23. Analytics Solutions : Asia Pacific Smart Mining Market Revenue and Forecasts to 2030 (US$ Million)
Figure 24. Remote Management Solutions : Asia Pacific Smart Mining Market Revenue and Forecasts to 2030 (US$ Million)
Figure 25. Asset Management Solutions : Asia Pacific Smart Mining Market Revenue and Forecasts to 2030 (US$ Million)
Figure 26. Services : Asia Pacific Smart Mining Market Revenue and Forecasts to 2030 (US$ Million)
Figure 27. Asia Pacific Smart Mining Market Share (%) - Mining Type, 2022 and 2030
Figure 28. Underground Mining: Asia Pacific Smart Mining Market Revenue and Forecasts to 2030 (US$ Million)
Figure 29. Surface Mining : Asia Pacific Smart Mining Market Revenue and Forecasts to 2030 (US$ Million)
Figure 30. Asia Pacific Smart Mining Market Breakdown ,by Key Countries, (2022)(US$ Mn)
Figure 31. Asia Pacific Smart Mining Market Breakdown by Key Countries, 2022 And 2030 (%)
Figure 32. Australia Smart Mining Market Revenue And Forecasts to 2030 (US$ Million)
Figure 33. China Smart Mining Market Revenue And Forecasts to 2030 (US$ Million)
Figure 34. India Smart Mining Market Revenue And Forecasts to 2030 (US$ Million)
Figure 35. Japan Smart Mining Market Revenue And Forecasts to 2030 (US$ Million)
Figure 36. South Korea Smart Mining Market Revenue And Forecasts to 2030 (US$ Million)
Figure 37. Rest of Asia Pacific Smart Mining Market Revenue And Forecasts to 2030 (US$ Million)
1. ABB Ltd
2. Alastri
3. Caterpillar Inc
4. Hexagon AB
5. Hitachi Ltd
6. MineSense
7. Rockwell Automation Inc
8. SAP SE
9. Trimble Inc
- Save and reduce time carrying out entry-level research by identifying the growth, size, leading players, and segments in the Asia Pacific smart mining market.
- Highlights key business priorities in order to assist companies to realign their business strategies.
- The key findings and recommendations highlight crucial progressive industry trends in Asia Pacific smart mining market, thereby allowing players across the value chain to develop effective long-term strategies.
- Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
- Scrutinize in-depth Asia Pacific market trends and outlook coupled with the factors driving the smart mining market, as well as those hindering it.
- Enhance the decision-making process by understanding the strategies that underpin security interest with respect to client products, segmentation, pricing, and distribution.