ALBANY, New York, June 10, 2020 /PRNewswire/ -- A wide range of automated technologies such as cutting-edge augmented reality (AR), virtual reality (VR), spatial data visualization, and 3D modeling have made inroads in mining sector. Solution providers in the global mine planning solutions market are increasingly geared toward improving the life cycle of mining sites, making these operations more environmentally friendly. The global mine planning solutions market is expected to rise from revenues at ~US$ 0.700 bn in 2019 to ~US$ 2 bn by 2027-end.
Analysts at mine planning solutions market project the mine planning solutions market to rise at CAGR of ~13% from 2019 to 2027. Sheer pace of industrialization and urbanization has spurred the demand for smart mine planning solutions.
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Key Findings of Mine Planning Solutions Market Report
- Of all the solutions, the solution segment led the market in 2019, and is expected to rise at the most prominent growth rate in future through 2027
- Of all the deployment, cloud-based solutions are expected to source of vast revenue streams; their demand is thriving on back of robust IT infrastructure
- Of the various application types, open mining surface is expected to hold a dominant share during the assessment period 2020 – 2027; it has significant advantage over underground mining
- Based on various regions, North America is expected to hold a promising share in mine planning solutions market throughout the forecast period; Europe expected to a promising revenue generator
- Rapid integration of smart industry technologies key to growth of North America and Europe markets
Explore 298 pages of Mine Planning Solutions Market (Component: Solution and Training & Services; Deployment: On-premise and Cloud; and Application: Open Mining Surface and Underground Mining Surface) - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2019 - 2027 at https://www.transparencymarketresearch.com/mine-planning-solutions-market.html
Mine Planning Solutions Market: Key Driving Factors and Promising Avenues
The steady drive for making metal and mineral extractions sustainable has propelled the expansion of the mine planning solutions market. Geologists and planners have been harnessing the benefits of smart solutions of Industry 4.0 to make mining profitable and more environmental-friendly.
The use of new automation tools such as AR, VR, and 4D modelling in improving the accuracy of planning in mining operations is a key trend opening new avenues in the mine planning solutions market.
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Key Impediments for Mine Planning Solutions Market Players
In recent months, the rapidly, emerging novel coronavirus pandemic has hurt the mining sector substantially. This is evident in several mining projects being put to grinding halt in key economies that contribute significant share to the mining sector. This has greatly shaken the demand in the mine planning solutions market.
However, the benefits of automation will gradually be realized as the sector opens up post COVID-19. With easing restriction, the mining sector will also attract more production workers to resume working, fueling demand for smart mine planning solutions market.
Some of the well-entrenched players in the mine planning solutions market are Trimble Inc., Vareli Tecnac Pvt. Ltd. Minemax, John Wood Group Plc. and Dassault Systems.
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Global Mine Planning Solutions Market: Regional Landscape
Presently, providers of mine planning solutions have set their sights on opportunities in North America and Europe. Soon, they will setting their sights on developing regions of the world, most notably Asia Pacific countries. Rapidly increasing adoption of Industry 4.0 solutions in the mining sector has opened several lucrative avenues for players in this regional market.
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Mine Planning Solutions Market: Segmentation
- Integrated Solutions
- Standalone Solutions (Modules)
- Drill & Blast
- Training & Services
- Open Mining Surface
- Underground Mining Surface
- North America
- Rest of North America
- Rest of Europe
- Asia Pacific
- Rest of Asia Pacific
- Middle East & Africa
- South Africa
- Rest of Middle East & Africa
- South America
- Rest of South America
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