The Connected Mining Solutions Market 2nd Edition

The Connected Mining Solutions Market 2nd Edition

The Connected Mining Solutions Market is the second consecutivereport from Berg Insight analysing the latest developments on themarket for connected solutions used in the mining sector worldwide.This strategic research report from Berg Insight provides you with190 pages of unique business intelligence, including 5-year industryforecasts, expert commentary and real-life case studies on which tobase your business decisions.

The Connected Mining Solutions Market 2nd Edition

Berg Insight estimates that the total installed base of connected mining solutions reached closeto 1.3 million units in use worldwide across the equipment, people and environment segmentsin 2023. The equipment segment accounts for the largest share of the total, representingconnected devices deployed on machines and vehicles used in mining operations. This includessolutions ranging from OEM telematics systems on mining equipment to advanced connectedsolutions supplied by mining technology specialists. The people segment consists of varioussolutions deployed to support the safety and productivity of mining personnel, while theenvironment segment includes sensor technology implemented for environmental monitoring ofthe mine itself. Growing at a compound annual growth rate (CAGR) of 16.1 percent, the installedbase of connected mining solutions across all segments is forecasted to reach roughly 2.7million units by 2028. Asia-Pacific is estimated to account for the largest share of the totalinstalled base, followed by North America, the Middle East & Africa, Latin America and Europe.

The top players active in the connected mining space include strikingly different types ofcompanies, ranging from specialised independent technology suppliers of varying sizes up tothe leading mining equipment manufacturers. Equipment manufacturers such as Epiroc,Sandvik, Komatsu and Hitachi Construction Machinery (CM) have expanded their miningtechnology offerings largely due to high M&A activity in recent years. Many of the key playerstoday serve both surface and underground mining customers. The surface segment isdominated by Modular Mining Systems (owned by Komatsu), Hexagon Mining, WencoInternational Mining Systems (owned by Hitachi Construction Machinery) and Caterpillar throughits Cat MineStar suite. Modular, Hexagon and Caterpillar all serve underground customers inaddition to a primary presence in the surface segment, while Wenco is fully focused on surfacemining. Other players focused primarily or exclusively on surface mining include iVolve (ownedby Komatsu) and ASI Mining (owned by Epiroc). The underground segment is in general lessmature and more fragmented. Examples of key technology providers focused specifically onunderground applications are Newtrax Technologies (owned by Sandvik), Mining TAG (ownedby Epiroc), Mine Site Technologies (owned by Komatsu), Roobuck and Strata Worldwide.MICROMINE, GroundHog Apps and Remote Control Technologies (owned by Epiroc) areadditional players serving both underground and surface customers.