Smart Mining Market is expected to reach the value of US$ 29.10 Bn by the end of 2031

Category: Academics

Transparency Market Research states that key players operating in the global smart mining market are likely to make significant investments in research and development activities. Market players are expected to focus on development and launch of new products, profitable partnerships, and consistent efforts toward expanding their product portfolio. According to the research report, the global smart mining market is likely to be worth US$ US$ 29.10 Bn by the end of 2031 from US$ 10.02 Bn in 2020, with a strong CAGR of 10.2% during the forecast period. Of the various equipment, automated excavators are projected to lead the global market. Their improved safety has been identified as their unique selling point. Geographically, Asia Pacific is estimated to stand out among all other regional markets.