ReportsnReports.com adds a new research report Global Connected Mining Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. This report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
This report covers the present scenario and the growth prospects of the global connected mining market for 2016-2020. To calculate the market size, the report considers the revenue generated by surface and underground smart mining processes.
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This analyst forecast the global connected mining market to grow at a CAGR of 17.46% during the period 2016-2020.
Connected mining refers to the use of technology to achieve better productivity and safety, as well as reduce operational costs for a mine site. Mining companies focus on improving the productivity by offering innovative solutions. Connected mining includes remote-controlled robotic machinery for mineral extraction, which is referred to as tele-robotic mining and reduces the risk for miners. For instance, Caterpillar uses robots at Gabriela Mistral mine in Antofagasta, Chile to enhance the efficiency of maintenance services. The rising demand for metals and minerals will result in increased mining activities globally, which in turn will aid in the growth of the global connected mining market over the forecast period.
The market is divided into the following segments based on geography:
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Other prominent vendors
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