Mining Automation Market to Reach $4.2 Billion by 2024 in short term and $8.3 Billion by 2034 Globally, at 7.1% CAGR: Allied Market Research

The mining automation market is propelled by increasing demand for enhanced safety, improved productivity, and cost efficiency in mining operations. Rising concerns over worker safety in hazardous environments are encouraging the adoption of autonomous equipment and remote operation technologies. Additionally, the need to boost output and reduce operational downtime is driving investments in automated systems such as autonomous trucks, drilling, and robotic equipment. Technological advancements, including AI, IoT, and real-time data analytics, further support this shift. Moreover, growing pressure to optimize resource extraction and comply with environmental regulations fuels the need for precise, automated mining processes.

WILMINGTON, Del., Oct. 9, 2025 /PRNewswire/ -- Allied Market Research published a report, titled, "Mining Automation Market by Offerings (Sensors and LiDAR Systems, GPS and GNSS Modules, Industrial Cameras and Vision Systems, Connectivity and Communication Systems, Others), by Technique (Underground Mining, Surface Mining), by Component (Metal Mining, Mineral Mining, Coal Mining): Global Opportunity Analysis and Industry Forecast, 2025-2034". According to the report, the "mining automation market" was valued at $4.2 billion in 2024, and is estimated to reach $8.3 billion by 2034, growing at a CAGR of 7.1% from 2025 to 2034.

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Prime determinants of growth

The mining automation market is expected to witness notable growth owing to the increasing demand for operational efficiency, worker safety, and reduced human intervention in hazardous environments which is driving the demand for mining automation market. Moreover, the growth of underground mining is expected to provide lucrative opportunity for the growth of the market during the forecast period. On the contrary, limitations of mining automation costs restrict the growth of the mining automation market.

Report Coverage & Details:

Sensor and LiDar segment dominated the market in 2024

By offering, the sensor and LiDar segment held the highest market share in 2024 accounting for more than one-fifths of the mining automation market revenue and is estimated to maintain its leadership status throughout the forecast period, owing to their critical role in enabling real-time data collection, terrain mapping, and obstacle detection. These technologies enhance operational accuracy, safety, and efficiency by providing precise environmental awareness, which is essential for autonomous machinery. Additionally, advancements in sensor and LiDAR technologies—such as improved resolution, durability, and cost-effectiveness—are driving their widespread adoption in both surface and underground mining applications. Moreover, the sensor and LiDar segment is projected to manifest the highest CAGR of 8.2% from 2025 to 2034.

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Surface Mining segment dominated the market in 2024

By Technique, the surface mining segment dominated the market share in 2024 accounting for more than two-thirds of the global mining automation market revenue, due to its large-scale operations, ease of equipment deployment, and lower complexity compared to underground mining. Surface mining allows for the more efficient use of autonomous vehicles, drilling systems, and real-time monitoring technologies, which significantly boost productivity and reduce operational costs. The availability of expansive, open terrains further supports the implementation of automated solutions, making surface mining more conducive to technological integration and large-scale automation initiatives. Moreover, the surface mining segment is projected to manifest the highest CAGR of 7.4% from 2025 to 2034.

Mineral Mining segment dominated the market in 2024

By component, the mineral mining segment held the highest market share in 2024, contributing to nearly half of the global mining automation market revenue, due to the increasing demand for a wide range of minerals used in construction, electronics, renewable energy, and industrial processes. The growing consumption of minerals such as copper, iron ore, and lithium-driven by urbanization, infrastructure development, and the clean energy transition-has pushed mining companies to adopt automation for greater efficiency, precision, and scalability. However, the metal mining segment is projected to manifest the highest CAGR of 8.16% from 2025 to 2034.

Asia-Pacific region is expected to continue its dominance throughout forecast period

Based on the region, Asia-Pacific held the highest market share in terms of revenue in 2024, accounting for more than two-fifths of the global mining automation market revenue, owing to the presence of large-scale mining operations in countries like China, Australia, and India, as well as increasing investments in automation technologies to boost productivity and safety. The region's rich mineral reserves, growing demand for metals and minerals to support industrialization and infrastructure development, and supportive government initiatives for digital transformation in mining have further accelerated the adoption of automated solutions. Moreover, the Asia-Pacific segment is projected to manifest the highest CAGR of 8.0% from 2025 to 2034.

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Key Players:

• Epiroc AB
• Hexagon AB
• ABB Ltd.
• FLSmidth
• Siemens
• Sandvik AB
• Caterpillar Inc.
• Metso Outotec Corporation
• Rockwell Automation Inc.
• Komatsu

The report provides a detailed analysis of these key players in the global mining automation market. These players have adopted different strategies such as new product launches, collaborations, expansion, joint ventures, agreements, and others to increase their market share and maintain dominant shares in different regions. The report is valuable in highlighting business performance, operating segments, product portfolio, and strategic moves of market players to showcase the competitive scenario

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