Robotics in Mining - Thematic Research

With the industry under pressure to cut costs and enhance efficiency and safety, automation has emerged as a solution. Mining companies benefit from enhanced efficiency and safety as more original equipment manufacturers (OEMs) invest in automation technology for the mining industry. Robots are used across various mining operations, from surface mining to underground excavation and mineral processing. The integration of robots, including drones, autonomous haulage systems (AHSs), and remote-controlled machines, has revolutionized the sector.

The global robotics market will be worth $218 billion by 2030

Robots are machines capable of carrying out a complex series of actions automatically and repeatedly. According to the publisher's forecasts, the robotics industry was worth $63 billion in 2022. By 2030, it will have grown at a compound annual growth rate (CAGR) of 17% to $218 billion. Mining companies deploy robotics across various mining operations, from surface mining to underground excavation and mineral processing.

Robots benefit multiple segments of the mining value chain

The integration of robots, including drones, autonomous haulage systems (AHS), and remote-controlled machines, has revolutionized the mining sector. For example, drones help survey mining sites and collect data such as topography and mineral layer distribution, and remote-controlled machines undertake drilling and blasting.

Field robots in mining include AHSs, which transport minerals from the site to processing plants. These are valuable throughout the mining value chain, particularly in extraction and processing.

Robots help improve efficiency and safety

With the mining industry under pressure to cut costs and enhance efficiency and safety, automation is a potential solution. Automating repetitive tasks minimizes human error, and robots are precise and reliable, thus boosting the efficiency of operations.

Safety is improved by performing hazardous tasks without human presence. Therefore, it is unsurprising that the publisher's latest mine-site technology adoption survey highlights that the robotics theme is one of the investment areas the industry is prioritizing.

Key Highlights

According to the publisher's forecasts, the robotics industry was worth $63 billion in 2022. By 2030, it will have grown at a compound annual growth rate (CAGR) of 17% to $218 billion.. The latest mine-site technology adoption survey highlights that the robotics theme is one of the investment areas the industry is prioritizing.

Mining companies deploy robotics across various mining operations, from surface mining to underground excavation and mineral processing. The integration of robots, including drones, autonomous haulage systems (AHS), and remote-controlled machines, has revolutionized the mining sector.

Robots help improve efficiency and safety. Automating repetitive tasks minimizes human error, and robots are precise and reliable, thus boosting the efficiency of operations. Safety is improved by performing hazardous tasks without human presence.

Scope

This report provides an overview of the Robotics theme. The detailed value chain comprises four layers: hardware, software, robotic manufacturing, and robotics as a service. Leading and challenging vendors are identified across both segments.

It identifies mining challenges, such as ESG, safety, productivity, and resource development, and an impact assessment of robotics on the mining industry, addressing these challenges.

Several case studies are included to analyze the multiple ways countries and companies have responded to the impact of this theme’s growth and what they are doing to grow with this theme.

Reasons to Buy

• This report will help you to understand robotics and its potential impact on the mining sector.
• Benchmark your company against your competitors and assess how mining companies are utilizing robotics to drive revenues.
• Identify attractive investment targets by understanding which companies are most advanced in the themes that will determine future success in the mining industry.
• Understand key industry challenges and where robotics use cases are most useful.
• Develop and design your corporate strategies through an in-house expert analysis of robotics by understanding the primary ways in which this theme is impacting the mining industry.
• Position yourself for future success by investing in the right robotics technologies.