Global Smart Mining Technology Market Growth (Status and Outlook) 2025-2031

The global Smart Mining Technology market size is predicted to grow from US$ 3035 million in 2025 to US$ 4543 million in 2031; it is expected to grow at a CAGR of 7.0% from 2025 to 2031.

Adoption of AI in mining operations shifts mining processes from people-oriented operations to a process-oriented one. Intelligent Mining incorporated with AI facilitates supply chain with real time shipment monitoring, predictive mining maintenance, smart inventory management and more.

The global smart mining technology market is expected to experience significant growth in the coming years. Smart mining refers to the adoption of advanced technologies and solutions to optimize mining operations, improve safety, increase productivity, and reduce costs. The integration of automation, IoT devices, data analytics, artificial intelligence, and other digital solutions in mining activities is driving the market growth.

Several factors are fueling the market expansion. Firstly, the mining industry is facing challenges such as the depletion of high-grade deposits and the need for improving operational efficiency. Smart mining technologies enable companies to monitor and manage mining processes in real-time, leading to better resource utilization and cost reduction.

Secondly, the increasing emphasis on safety regulations and practices in mining operations is driving the adoption of smart technologies. Integration of IoT devices and AI-powered analytics helps detect potential hazards, monitor worker conditions, and prevent accidents.

Moreover, the demand for sustainable mining practices and environmental responsibility is accelerating the adoption of smart mining technologies. These technologies aid in optimizing energy consumption, reducing carbon emissions, and minimizing the ecological impact of mining activities.

In terms of market segmentation, the smart mining technology market is categorized based on automated equipment, hardware component, software solutions, and services. Various mining types, such as underground mining and surface mining, are also considered.

Key players in the global smart mining technology market include ABB Ltd., Rockwell Automation, Caterpillar Inc., Komatsu Ltd., Hitachi Construction Machinery Co. Ltd., Hexagon AB, Sandvik AB, Cisco Systems, Inc., and IBM Corporation.

LPI (LP Information)' newest research report, the “Smart Mining Technology Industry Forecast” looks at past sales and reviews total world Smart Mining Technology sales in 2024, providing a comprehensive analysis by region and market sector of projected Smart Mining Technology sales for 2025 through 2031. With Smart Mining Technology sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Smart Mining Technology industry.

This Insight Report provides a comprehensive analysis of the global Smart Mining Technology landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyses the strategies of leading global companies with a focus on Smart Mining Technology portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Smart Mining Technology market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Smart Mining Technology and breaks down the forecast by Type, by Application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Smart Mining Technology.

This report presents a comprehensive overview, market shares, and growth opportunities of Smart Mining Technology market by product type, application, key players and key regions and countries.

Segmentation by Type:
AI/ML-enabled Supply Chain Management
Mining Analytics Platform
Blockchain-based Metal Trading Platform
Emissions Management Software
Others

Segmentation by Application:
Risk & Compliance Management
Mining Operations & Process Control
Mining Data Warehousing
Others

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
Rockwell Automation
Caterpillar Inc.
Komatsu Ltd
Hitachi Construction Machinery Co. Ltd
Hexagon AB
Sandvik AB
Cisco Systems, Inc
IBM Corporation
Huawei Technologies
Infosys
Wipro
ABB Ltd
Skuchain
Sphera
Aveva Group plc
VROC.AI
ZE Power Group Inc
Phinar Software
Locus Technologies
IntelliSense.io

Please note: The report will take approximately 2 business days to prepare and deliver.