Asia-Pacific Digital Mining Market, By Type (Solutions and Services), Components (Smart Sensors, Autonomous Operations, 3D Printing, Connected Worker, Remote Operations Center, Asset Cyber Security, Integrated Platforms and Advanced Analytics), Metal Type (Iron and Ferro Alloys, Non-Ferrous Metals and Precious Metals), Mining Type (Surface Mining and Underground Mining), Technology (Automation and Robotics, Internet of Things (IoT), Big Data, Retail Time Analytics, Artificial Intelligence (AI), Spatial, Geographic, Information Systems, Automated Drones, Cybersecurity, Blockchain and Others), Application (Maintenance Planning, Frontline Mobility Solutions, Geo-Fencing Safety and Others) – Industry Trends and Forecast to 2030.
Asia-Pacific Digital Mining Market Analysis and Size
In past few years, traditional drilling and exploration techniques have resulted in numerous injuries. The increasing requirement for safety of mine workers on account of growing injuries during mining is one of the major factor which increase the demand for digital mining solutions. Digital mining solutions usage deep learning algorithms without the requirement for a scaling object. The “surface mining” segment is expected to be the fastest growing mining type during the forecast period. This can be attributed to growing demand for materials such as copper, iron, coal and others, and increasing focus on safety during mining of iron, coal and other minerals.
Data Bridge Market Research analyses that the digital mining market is expected to reach USD 13829.13 million by 2030, which is USD 4276.87 million in 2022, at a CAGR of 15.80% during the forecast period. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, and pestle analysis.
Asia-Pacific Digital Mining Market Scope and Segmentation
2023 to 2030
2021 (Customizable to 2015 - 2020)
Revenue in USD Million, Volumes in Units, Pricing in USD
Type (Solutions and Services), Components (Smart Sensors, Autonomous Operations, 3D Printing, Connected Worker, Remote Operations Center, Asset Cyber Security, Integrated Platforms and Advanced Analytics), Metal Type (Iron and Ferro Alloys, Non-Ferrous Metals and Precious Metals), Mining Type (Surface Mining and Underground Mining), Technology (Automation and Robotics, Internet of Things (IoT), Big Data, Retail Time Analytics, Artificial Intelligence (AI), Spatial, Geographic, Information Systems, Automated Drones, Cybersecurity, Blockchain and Others), Application (Maintenance Planning, Frontline Mobility Solutions, Geo-Fencing Safety and Others)
China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC)
Market Players Covered
ABB (Switzerland), Siemens (Germany), Rockwell Automation, Inc. (U.S.), SAP SE (U.S.), Wipro Limited (India), Cisco (U.S.), Accenture (Ireland), Tech Mahindra Limited (India), Schneider Electric (France), Trimble Inc. (U.S.), General Electric (U.S.), Sandvik AB; (publ) (Sweden), IBM (U.S.), Caterpillar (U.S.), Hatch Ltd (Canada), Wabtec (U.S.), Wenco International Mining Systems Ltd. (Canada), Hexagon AB (Sweden), Komatsu Mining Corp (U.S.)
Digital mining mentions carrying out mine operations and activities with a digital touch. It comprises numerous services and solutions which are developed to manage and optimize production activities and mine operations. Digital mining aids to automate numerous mine activities such as data storage, monitoring, record management and streamline production activities, asset management, risk management, supply chain management and others.
Asia-Pacific Digital Mining Market
- Growing concerns regarding worker safety
Mining operations frequently take place in harsh and dangerous environments. Dust, heat, smoke, toxic chemicals and noise can cause negative impacts on workers’ health. Increasing concerns regarding workplace safety and workers’ health and the presence of strict regulation related to the mining activities are some of the major factors expected to drive the growth of the digital mining market. Furthermore, advent of analytical software and advanced technology that provides predictions and real-time insights about possible events is anticipated to increase demand for digital mining technologies.
- Rising adoption of big data in mining
With the adoption of big data analytics, mining intelligence software can easily monitor the entire infrastructure of closed mines and open mines, which allows to better understand the proper working of machines and also aid in improving the overall resource efficiency and effectiveness of the mines, thus fuelling the growth rate of the market. The mining companies are mainly focusing on modernization of their infrastructure through Big Data, which aids in data-driven planning to address the demand, supply, and logistics issues, and providing a competitive benefit over competitors and stay ahead in the market.
- Increasing focus of market players on advanced technologies
Automation and robotics was the largest segment which are accounted for a healthy revenue share during the forecast period. This is mainly attributed to the increasing focus of market players on these technologies in digital mining. For instance, Rio Tinto, a mining giant, has launched one of the largest robots to improve flexibility and efficiency at its Pilbara operations in 2019 in Australia. The project is esteemed at USD 1.37 billion and is projected to decrease the travel of 1.5 million kms annually. Therefore, increasing focus of market players on advanced technologies is expected to create lucrative opportunities for the market growth.
- Growing deployment of innovative digital technologies
Growing deployment of innovative digital technologies such as robotics, drones, sensors and integration techniques will create lucrative opportunities for the market growth. For instance, Airobotics launched an unmanned drone to collect aerial data and gain valuable insights in 2017. This was arranged in Australia at Worsley Alumina operations of South32 mine. In the same year, South32 signed a 3 year strategic partnership with GE to digitize its numerous activities and operations.
- Multiple issues associated with digital mining market
Digital mining needs very advanced systems, technology and skilled professionals. High price of operation, deployment, and maintenance and lack of skilled professionals and technological knowledge in developing countries are some of the major factors restraining the market's revenue growth. Furthermore, increasing adoption of digital technology is growing the possibility of cyberattacks. This issue is anticipated to restrain global digital mining market growth over the forecast period.
This digital mining market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the digital mining market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
- In 2021, Wärtsilä and Schneider Electric declared the expansion of local modular energy solution for lithium mining. This solution provides power infrastructure build, equipment delivery digital microgrids operation, power supply consulting and design, installation and commissioning
- In 2020, ABB confirmed its partnership with the University of Western Australia and Enterprise Transformation Partners. This partnership aided ABB to provide digital solutions for coordinating and connecting mine operators, equipment, workforce and mining activities in real time at Granny Smith Mine in Western Australia.
Asia-Pacific Digital Mining Market Scope
The digital mining market is segmented on the basis of type, components, metal type, mining type, technology and application. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
- Smart Sensors
- Autonomous Operations
- 3D Printing
- Connected Worker
- Remote Operations Center
- Asset Cyber Security
- Integrated Platforms
- Advanced Analytics
- Iron and Ferro Alloys
- Non-Ferrous Metals
- Precious Metals
- Surface Mining
- Underground Mining
- Automation and Robotics
- Internet of Things (IoT)
- Big Data
- Retail Time Analytics
- Artificial Intelligence (AI)
- Information Systems
- Automated Drones
- Maintenance Planning
- Frontline Mobility Solutions
- Geo-Fencing Safety
Digital Mining Market Regional Analysis/Insights
The digital mining market is analyzed and market size insights and trends are provided by country, type, components, metal type, mining type, technology and application as referenced above.
The countries covered in the digital mining market report are China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC).
China dominates the digital mining market due to the presence of large number of digital mining manufacturers and suppliers, increasing growth of the mining industry, ongoing research and development for the adoption of software’s and strong focus on digitization in this region.
The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of Global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Digital Mining Market Share Analysis
The digital mining market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, Global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to digital mining market.
Some of the major players operating in the digital mining market are:
- ABB (Switzerland)
- Siemens (Germany)
- Rockwell Automation, Inc. (U.S.)
- SAP SE (U.S.)
- Wipro Limited (India)
- Cisco (U.S.)
- Accenture (Ireland)
- Tech Mahindra Limited (India)
- Schneider Electric (France)
- Trimble Inc. (U.S.)
- General Electric (U.S.)
- Sandvik AB; (publ) (Sweden)
- IBM (U.S.)
- Caterpillar (U.S.)
- Hatch Ltd (Canada)
- Wabtec (U.S.)
- Wenco International Mining Systems Ltd. (Canada)
- Hexagon AB (Sweden)
- Komatsu Mining Corp (U.S.)