Digital Mining Market Report: Trends, Forecast and Competitive Analysis to 2030

Digital Mining Trends and Forecast

The future of the global digital mining market looks promising with opportunities in the exploration and geology management, fleet management, asset and maintenance management, mineral processing and recovery, safety and security management, and supply chain management markets. The global digital mining market is expected to grow with a CAGR of 11.8% from 2024 to 2030. The major drivers for this market are growing adoption of automation and robotics technologies in mining operations and rising focus on sustainable and efficient mining practices.

A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below.

Digital Mining by Segment

The study includes a forecast for the global digital mining by component, technology, mining type, application, and region.

Digital Mining Market by Component [Shipment Analysis by Value from 2018 to 2030]:

• Solutions
• Services

Digital Mining Market by Technology [Shipment Analysis by Value from 2018 to 2030]:

• Internet of Things
• Artificial Intelligence and Machine Learning
• Big Data and Analytics
• Robotics and Automation
• Virtual Reality and Augmented Reality
• Others

Digital Mining Market by Mining Type [Shipment Analysis by Value from 2018 to 2030]:

• Underground Mining
• Surface Mining
• Hybrid Mining

Digital Mining Market by Application [Shipment Analysis by Value from 2018 to 2030]:

• Exploration and Geology Management
• Fleet Management
• Asset and Maintenance Management
• Mineral Processing and Recovery
• Safety and Security Management
• Supply Chain Management
• Others

Digital Mining Market by Region [Shipment Analysis by Value from 2018 to 2030]:

• North America
• Europe
• Asia Pacific
• The Rest of the World

List of Digital Mining Companies

Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies digital mining companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the digital mining companies profiled in this report include-

• Caterpillar
• Komatsu
• Sandvik
• Hitachi Construction Machinery
• ABB
• Cisco Systems
• Schneider Electric
• Rockwell Automation
• Hexagon
• IBM

Digital Mining Market Insights

Lucintel forecasts that services is expected to witness higher growth over the forecast period.

Within this market, mineral processing and recovery is expected to witness the highest growth.

APAC is expected to witness the highest growth over the forecast period.

Features of the Global Digital Mining Market

Market Size Estimates: Digital mining market size estimation in terms of value ($B).

Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.

Segmentation Analysis: Digital mining market size by various segments, such as by component, technology, mining type, application, and region in terms of value ($B).

Regional Analysis: Digital mining market breakdown by North America, Europe, Asia Pacific, and Rest of the World.

Growth Opportunities: Analysis of growth opportunities in different components, technologies, mining types, applications, and regions for the digital mining market.

Strategic Analysis: This includes M&A, new product development, and competitive landscape of the digital mining market.

Analysis of competitive intensity of the industry based on Porter's Five Forces model.

FAQ

Q1. What is the growth forecast for digital mining market?

Answer: The global digital mining market is expected to grow with a CAGR of 11.8% from 2024 to 2030.

Q2. What are the major drivers influencing the growth of the digital mining market?

Answer: The major drivers for this market are growing adoption of automation and robotics technologies in mining operations and rising focus on sustainable and efficient mining practices.

Q3. What are the major segments for digital mining market?

Answer: The future of the digital mining market looks promising with opportunities in the exploration and geology management, fleet management, asset and maintenance management, mineral processing and recovery, safety and security management, and supply chain management markets.

Q4. Who are the key digital mining market companies?

Answer: Some of the key digital mining companies are as follows:

• Caterpillar
• Komatsu
• Sandvik
• Hitachi Construction Machinery
• ABB
• Cisco Systems
• Schneider Electric
• Rockwell Automation
• Hexagon
• IBM

Q5. Which digital mining market segment will be the largest in future?

Answer: Lucintel forecasts that services is expected to witness higher growth over the forecast period.

Q6. In digital mining market, which region is expected to be the largest in next 5 years?

Answer: APAC is expected to witness the highest growth over the forecast period.

Q7. Do we receive customization in this report?

Answer: Yes, Lucintel provides 10% customization without any additional cost.

This report answers following 11 key questions:

• Q.1. What are some of the most promising, high-growth opportunities for the digital mining market by component (solutions and services), technology (internet of things, artificial intelligence and machine learning, big data and analytics, robotics and automation, virtual reality and augmented reality, and others), mining type (underground mining, surface mining, and hybrid mining), application (exploration and geology management, fleet management, asset and maintenance management, mineral processing and recovery, safety and security management, supply chain management, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
• Q.2. Which segments will grow at a faster pace and why?
• Q.3. Which region will grow at a faster pace and why?
• Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
• Q.5. What are the business risks and competitive threats in this market?
• Q.6. What are the emerging trends in this market and the reasons behind them?
• Q.7. What are some of the changing demands of customers in the market?
• Q.8. What are the new developments in the market? Which companies are leading these developments?
• Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
• Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
• Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?