Global Robotics Market in Mining Industry 2022-2026

Global Robotics Market In Mining Industry 2022-2026

Technavio has been monitoring the robotics market in the mining industry and it is poised to grow by $ 2.04 bn during 2022-2026, accelerating at a CAGR of 20.08% during the forecast period. Our report on the robotics market in the mining industry provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.

The report offers an up-to-date analysis of the current global market scenario, the latest trends and drivers, and the overall market environment. The market is driven by an increase in technology investment by mining companies, technological improvements in robots for the mining industry, and the miniaturization of sensors.

The robotics market in mining industry analysis includes application segment and geographic landscape.

Technavio's robotics market in mining industry is segmented as below:

By Application

• Material handling
• Surveying and mapping
• Drilling
• Others

By Geographical Landscape

• APAC
• North America
• Europe
• South America
• Middle East and Africa

This study identifies the rising adoption of collaborative robots as one of the prime reasons driving the robotics market in mining industry growth during the next few years. Also, technological innovations in industrial robotics services and adoption of innovative business models will lead to sizable demand in the market.

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters. Our report on robotics market in mining industry covers the following areas:

• Robotics market in mining industry sizing
• Robotics market in mining industry forecast
• Robotics market in mining industry analysis

Technavio's robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading robotics market in mining industry vendors that include ABB Ltd., Airobotics Ltd., Autonomous Solutions Inc., Caterpillar Inc., Cisco Systems Inc., Clearpath Robotics Inc., Hexagon AB, Hitachi Ltd., Komatsu Mining Corp., Mine Site Technologies Pty Ltd., Nabors Industries Ltd., Percepto, Rockwell Automation Inc., Sandvik AB, Symboticware Inc., Trimble Inc., and Zyfra LLC. Also, the robotics market in mining industry analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. Technavio's market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.