Latest industry research report on Smart Mining Market .Smart mining refers to the use of information, autonomy, and technology to gain better productivity, safety, and reduce operational costs for a mine site. Mining companies focus on improving the productivity by offering innovative software & solutions. Smart mining also includes remote-controlled robotic machinery for mineral extraction, which is referred to as telerobotic mining and reduces the risk for miners. Caterpillar uses robots at Gabriela Mistral mine in Antofagasta to enrich the efficiency of maintenance services.
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Major factors that drive the growth of the world smart mining market are increased safety, growth in mine planning systems, and rise of Internet of Things (IoT) solutions in mining. However, absence of skilled and qualified labor and poor infrastructure restrict the market growth. Nonetheless, plant automation and increased environmental knowledge are expected to strengthen the market growth.
SMART MINING MARKET SEGMENTATION
By Hardware Component
By System & Solution
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