Middle East & Africa 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)

Middle East & Africa 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 Middle East & Africa smart mining market was valued at US$ 822.00 million in 2022 and is expected to reach US$ 1,426.81 million by 2030; it is estimated to register a CAGR of 7.1% from 2022 to 2030.

Introduction of Industrial Internet of Things (IIoT) Drives Middle East & Africa Smart Mining Market

Although 77% of mining companies are at the beginning of their digital transformation journey, most of them have already taken significant initiatives to introduce IIoT in operation. The introduction of IIoT helps increase production, better and cheaper communication possibilities, real-time maintenance, fast productivity data, better collaboration, and instant resolution of issues. This is anticipated to be one of the leading trends in the smart mining market, which adds to the safety of miners on-site. Major technology companies such as AMD, Intel, STMicro, Softbank (Arm), Microsoft Corporation, Cisco, and Infosys Limited are leveraging technologies to enhance mining operations by improving worker's safety. These companies are also creating awareness about the benefits of IIoT and AI in the mining industry.

AI and wearables are also being used to provide real-time data workers in the mining site. Also, with the development of 5G infrastructure, the smart mining business is paving its path toward greater growth. From improving planning and operational efficiencies to mine workflow productivity and safety, rapid developments in AI technologies would make mine operations successful. For instance, by utilizing pattern matching and predictive analysis, AI programs can analyze quantities of geological data and find new and potentially valuable sites to mine.

Middle East & Africa Smart Mining Market Overview


The smart mining market in the MEA is further segmented into South Africa, Saudi Arabia, the UAE, and the Rest of MEA. The region is anticipated to witness a rapid increase in industrialization and commercialization. The Gulf countries are economically developed, while the African countries are still in the developing phase. The MEA is the world's largest hub for mineral mining (diamond, gold, and phosphate) and oil and gas operations. Mineral mining is an emerging industry offering impressive opportunities for smart mining, resources, and infrastructure companies. The Gulf countries look forward to diversifying their economies, reducing their oil and gas dependency, and creating jobs for the young, fast-growing population.

Mining in the Middle East & Africa has a promising future. Even though Africa has over 30% of the world's mineral reserves, the region receives less than 5% of the extraction budget and global mining exploration. There is a vast potential for the mining sector in MEA. Many nations in the Middle East and Africa have recently presented or are in the process of enacting new mining regulations to accelerate investment. In various fields, including mining, the GCC nations in the Middle East are working to build a single regulatory structure. These are the initial steps toward developing a world-class mining sector that can significantly contribute to the region's economic growth and job possibilities. The growing mining sector in the region will propel the demand for smart mining.

New tax incentives and regulatory regimes are being developed across the region to encourage investment in smart mining. New reforms in mining in the Middle East and African countries suggest developing a stronger fiscal policy through social safety nets and increased taxes across base levels. The Gulf Cooperation Council (GCC) has created a unified framework to develop custom policies and trade regulations to drive the market.

Middle East & Africa Smart Mining Market Revenue and Forecast to 2030 (US$ Million)


Middle East & Africa Smart Mining Market Segmentation


The Middle East & Africa smart mining market is segmented based on component, mining type, and country.

Based on component, the Middle East & Africa smart mining market is segmented into automated equipment, hardware component, software solution, and services. The automated equipment segment held the largest Middle East & Africa 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 Middle East & Africa smart mining market is bifurcated into underground mining and surface mining. The surface mining segment held a larger Middle East & Africa smart mining market share in 2022.

Based on country, the Middle East & Africa smart mining market is categorized into the UAE, Saudi Arabia, South Africa, and the Rest of Middle East & Africa. Saudi Arabia dominated the Middle East & Africa 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 Middle East & Africa smart mining market.

Reasons to Buy

Save and reduce time carrying out entry-level research by identifying the growth, size, leading players, and segments in the Middle East & Africa 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 Middle East & Africa 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 Middle East & Africa 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.

Please Note: It will take 3-5 business days to complete the report upon order confirmation for delivery of the full report and excel data pack for on demand reports.


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. Middle East & Africa 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. Middle East & Africa 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 - Middle East & Africa Market Analysis
6.1 Middle East & Africa Smart Mining Market Revenue (US$ Million), 2022 - 2030
7. Middle East & Africa Smart Mining Market Analysis - Component
7.1 Automated Equipment
7.1.1 Overview
7.1.2 Automated Equipment: Middle East & Africa Smart Mining Market Revenue and Forecasts to 2030 (US$ Million)
7.1.2.1 Load Haul Dump: Middle East & Africa Smart Mining Market Revenue and Forecasts to 2030 (US$ Million)
7.1.2.2 Robotic Truck: Middle East & Africa smart mining market Revenue and Forecasts to 2030 (US$ Million)
7.1.2.3 Driller & Breaker: Middle East & Africa Smart Mining Market Revenue and Forecasts to 2030 (US$ Million)
7.1.2.4 Excavator: Middle East & Africa Smart Mining Market Revenue and Forecasts to 2030 (US$ Million)
7.1.2.5 Other Automated Equipment: Middle East & Africa Smart Mining Market Revenue and Forecasts to 2030 (US$ Million)
7.2 Hardware Component
7.2.1 Overview
7.2.2 Hardware Component: Middle East & Africa 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 : Middle East & Africa 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: Middle East & Africa 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: Middle East & Africa 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: Middle East & Africa Smart Mining Market Revenue and Forecasts to 2030 (US$ Million)
7.3 Software Solution
7.3.1 Overview
7.3.2 Software Solution: Middle East & Africa Smart Mining Market Revenue and Forecasts to 2030 | (US$ Million)
7.3.2.1 Logistics Software and Solutions: Middle East & Africa 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: Middle East & Africa Smart Mining Market Revenue and Forecasts to 2030 (US$ Million)
7.3.2.2 Data & Operation Management Software and Solutions: Middle East & Africa 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: Middle East & Africa Smart Mining Market Revenue and Forecasts to 2030 (US$ Million)
7.3.2.3 Safety & Security Systems : Middle East & Africa Smart Mining Market Revenue and Forecasts to 2030 (US$ Million)
7.3.2.3.1 Overview
7.3.2.3.2 Safety & Security Systems : Middle East & Africa Smart Mining Market Revenue and Forecasts to 2030 (US$ Million)
7.3.2.4 Connectivity Solutions: Middle East & Africa Smart Mining Market Revenue and Forecasts to 2030 (US$ Million)
7.3.2.4.1 Overview
7.3.2.4.2 Connectivity Solutions: Middle East & Africa Smart Mining Market Revenue and Forecasts to 2030 (US$ Million)
7.3.2.5 Analytics Solutions: Middle East & Africa Smart Mining Market Revenue and Forecasts to 2030 (US$ Million)
7.3.2.5.1 Overview
7.3.2.5.2 Analytics Solutions: Middle East & Africa Smart Mining Market Revenue and Forecasts to 2030 (US$ Million)
7.3.2.6 Remote Management Solutions: Middle East & Africa Smart Mining Market Revenue and Forecasts to 2030 (US$ Million)
7.3.2.6.1 Overview
7.3.2.6.2 Remote Management Solutions: Middle East & Africa Smart Mining Market Revenue and Forecasts to 2030 (US$ Million)
7.3.2.7 Asset Management Solutions: Middle East & Africa Smart Mining Market Revenue and Forecasts to 2030 (US$ Million)
7.3.2.7.1 Overview
7.3.2.7.2 Asset Management Solutions: Middle East & Africa Smart Mining Market Revenue and Forecasts to 2030 (US$ Million)
7.4 Services
7.4.1 Overview
7.4.2 Services: Middle East & Africa Smart Mining Market Revenue and Forecasts to 2030 (US$ Million)
8. Middle East & Africa Smart Mining Market Analysis - Mining Type
8.1 Underground Mining
8.1.1 Overview
8.1.2 Underground Mining: Middle East & Africa Smart Mining Market Revenue and Forecasts to 2030 US$ Million)
8.2 Surface Mining
8.2.1 Overview
8.2.2 Surface Mining: Middle East & Africa Smart Mining Market Revenue and Forecasts to 2030 (US$ Million)
9. Middle East & Africa Smart Mining Market - Country Analysis
9.1 Middle East & Africa
9.1.1 Middle East & Africa Smart Mining Market Overview
9.1.2 Middle East & Africa Smart Mining Market Revenue and Forecasts and Analysis - By Countries
9.1.2.1 South Africa Smart Mining Market Revenue and Forecasts to 2030 (US$ Million)
9.1.2.1.1 South Africa Smart Mining Market Breakdown by Component
9.1.2.1.2 South Africa Smart Mining Market Breakdown by Mining Type
9.1.2.2 Saudi Arabia Smart Mining Market Revenue and Forecasts to 2030 (US$ Million)
9.1.2.2.1 Saudi Arabia Smart Mining Market Breakdown by Component
9.1.2.2.2 Saudi Arabia Smart Mining Market Breakdown by Mining Type
9.1.2.3 UAE Smart Mining Market Revenue and Forecasts to 2030 (US$ Million)
9.1.2.3.1 UAE Smart Mining Market Breakdown by Component
9.1.2.3.2 UAE Smart Mining Market Breakdown by Mining Type
9.1.2.4 Rest of Middle East & Africa Smart Mining Market Revenue and Forecasts to 2030 (US$ Million)
9.1.2.4.1 Rest of Middle East & Africa Smart Mining Market Breakdown by Component
9.1.2.4.2 Rest of Middle East & Africa 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. Middle East & Africa Smart Mining Market Segmentation
Table 2. Middle East & Africa Smart Mining Market Revenue and Forecasts to 2030 (US$ Million) - Component
Table 3. Middle East & Africa Smart Mining Market Revenue and Forecasts to 2030 (US$ Million) - Automated Equipment
Table 4. Middle East & Africa Smart Mining Market Revenue and Forecasts to 2030 (US$ Million) -Hardware Component
Table 5. Middle East & Africa Smart Mining Market Revenue and Forecasts to 2030 (US$ Million) -Software Solution
Table 6. Middle East & Africa Smart Mining Market Revenue and Forecasts to 2030 (US$ Million) - Mining Type
Table 7. Middle East and Africa Smart Mining Market, by Country - Revenue and Forecast to 2030 (USD Million)
Table 8. South Africa Smart Mining Market Revenue and Forecasts to 2030 (US$ Million) - By Component
Table 9. South Africa Smart Mining Market Revenue and Forecasts to 2030 (US$ Mn) - By Automated Equipment
Table 10. South Africa Smart Mining Market Revenue and Forecasts to 2030 (US$ Mn) - By Hardware Component
Table 11. South Africa Smart Mining Market Revenue and Forecasts to 2030 (US$ Mn) - By Software Solution
Table 12. South Africa Smart Mining Market Revenue and Forecasts to 2030 (US$ Million) - By Mining Type
Table 13. Saudi Arabia Smart Mining Market Revenue and Forecasts to 2030 (US$ Million) - By Component
Table 14. Saudi Arabia Smart Mining Market Revenue and Forecasts to 2030 (US$ Mn) - By Automated Equipment
Table 15. Saudi Arabia Smart Mining Market Revenue and Forecasts to 2030 (US$ Mn) - By Hardware Component
Table 16. Saudi Arabia Smart Mining Market Revenue and Forecasts to 2030 (US$ Mn) - By Software Solution
Table 17. Saudi Arabia Smart Mining Market Revenue and Forecasts to 2030 (US$ Million) - By Mining Type
Table 18. UAE Smart Mining Market Revenue and Forecasts to 2030 (US$ Million) - By Component
Table 19. UAE Smart Mining Market Revenue and Forecasts to 2030 (US$ Mn) - By Automated Equipment
Table 20. UAE Smart Mining Market Revenue and Forecasts to 2030 (US$ Mn) - By Hardware Component
Table 21. UAE Smart Mining Market Revenue and Forecasts to 2030 (US$ Mn) - By Software Solution
Table 22. UAE Smart Mining Market Revenue and Forecasts to 2030 (US$ Million) - By Mining Type
Table 23. Rest of Middle East & Africa Smart Mining Market Revenue and Forecasts to 2030 (US$ Million) - By Component
Table 24. Rest of Middle East & Africa Smart Mining Market Revenue and Forecasts to 2030 (US$ Mn) - By Automated Equipment
Table 25. Rest of Middle East & Africa Smart Mining Market Revenue and Forecasts to 2030 (US$ Mn) - By Hardware Component
Table 26. Rest of Middle East & Africa Smart Mining Market Revenue and Forecasts to 2030 (US$ Mn) - By Software Solution
Table 27. Rest of Middle East & Africa Smart Mining Market Revenue and Forecasts to 2030 (US$ Million) - By Mining Type
Table 28. List of Abbreviation
LIST OF FIGURES
Figure 1. Middle East & Africa Smart Mining Market Segmentation, By Country
Figure 2. Ecosystem: Middle East & Africa Smart Mining Market
Figure 3. Middle East & Africa Smart Mining Market - Key Industry Dynamics
Figure 4. Impact Analysis of Drivers and Restraints
Figure 5. Middle East & Africa Smart Mining Market Revenue (US$ Million), 2022 - 2030
Figure 6. Middle East & Africa Smart Mining Market Share (%) - Component, 2022 and 2030
Figure 7. Automated Equipment: Middle East & Africa Smart Mining Market Revenue and Forecasts to 2030 (US$ Million)
Figure 8. Load Haul Dump: Middle East & Africa Smart Mining Market Revenue and Forecasts to 2030 (US$ Million)
Figure 9. Robotic Truck: Middle East & Africa smart mining market Revenue and Forecasts to 2030 (US$ Million)
Figure 10. Driller & Breaker: Middle East & Africa Smart Mining Market Revenue and Forecasts to 2030 (US$ Million)
Figure 11. Excavator: Middle East & Africa Smart Mining Market Revenue and Forecasts to 2030 (US$ Million)
Figure 12. Other Automated Equipment: Middle East & Africa Smart Mining Market Revenue and Forecasts to 2030 (US$ Million)
Figure 13. Hardware Component: Middle East & Africa Smart Mining Market Revenue and Forecasts to 2030 (US$ Million)
Figure 14. RFID Tags : Middle East & Africa Smart Mining Market Revenue and Forecasts to 2030 (US$ Million)
Figure 15. Sensors: Middle East & Africa Smart Mining Market Revenue and Forecasts to 2030 (US$ Million)
Figure 16. Intelligent System: Middle East & Africa Smart Mining Market Revenue and Forecasts to 2030 (US$ Million)
Figure 17. Others: Middle East & Africa Smart Mining Market Revenue and Forecasts to 2030 (US$ Million)
Figure 18. Software Solution: Middle East & Africa Smart Mining Market Revenue and Forecasts to 2030 (US$ Million)
Figure 19. Logistics Software and Solutions: Middle East & Africa Smart Mining Market Revenue and Forecasts to 2030 (US$ Million)
Figure 20. Data & Operation Management Software and Solutions: Middle East & Africa Smart Mining Market Revenue and Forecasts to 2030 (US$ Million)
Figure 21. Safety & Security Systems : Middle East & Africa Smart Mining Market Revenue and Forecasts to 2030 (US$ Million)
Figure 22. Connectivity Solutions: Middle East & Africa Smart Mining Market Revenue and Forecasts to 2030 (US$ Million)
Figure 23. Analytics Solutions: Middle East & Africa Smart Mining Market Revenue and Forecasts to 2030 (US$ Million)
Figure 24. Remote Management Solutions: Middle East & Africa Smart Mining Market Revenue and Forecasts to 2030 (US$ Million)
Figure 25. Asset Management Solutions: Middle East & Africa Smart Mining Market Revenue and Forecasts to 2030 (US$ Million)
Figure 26. Services: Middle East & Africa Smart Mining Market Revenue and Forecasts to 2030 (US$ Million)
Figure 27. Middle East & Africa Smart Mining Market Share (%) - Mining Type, 2022 and 2030
Figure 28. Underground Mining: Middle East & Africa Smart Mining Market Revenue and Forecasts to 2030 (US$ Million)
Figure 29. Surface Mining: Middle East & Africa Smart Mining Market Revenue and Forecasts to 2030 (US$ Million)
Figure 30. Middle East & Africa Smart Mining Market Breakdown by Key Countries, 2022 (US$ Mn)
Figure 31. Smart Mining Market Breakdown by Key Countries, 2022 and 2030 (%)
Figure 32. South Africa Smart Mining Market Revenue and Forecasts to 2030 (US$ Million)
Figure 33. Saudi Arabia Smart Mining Market Revenue and Forecasts to 2030 (US$ Million)
Figure 34. UAE Smart Mining Market Revenue and Forecasts to 2030 (US$ Million)
Figure 35. Rest of Middle East & Africa Smart Mining Market Revenue and Forecasts to 2030 (US$ Million)

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