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Mining Automation Market to Reach $8.3 billion, Globally, by 2034 at 7.1% CAGR: Allied Market Research

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1 year ago

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WILMINGTON, Del., May 5, 2025 /PRNewswire/ — 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.

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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130-Tables 47-Charts330-Pages 

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:

Report Coverage

Details

Forecast Period

2025–2034

Base Year

2024

Market Size in 2024

$4.2 billion

Market Size in 2034

$8.3 billion

CAGR

7.1 %

No. of Pages in Report

300

Segments Covered

Offerings, Technique, Component,  and Region

Drivers

Rise in Demand for Fleet Management SystemGrowing Concern for Mine and Labor Safety

 

Opportunities

Increase in Deployment of Autonomous Haulage System (AHS)

 

Restraint

High Initial Capital Investment

 

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.

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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.

Mining Automation Market Kery Players: –

Epiroc ABHexagon ABABB Ltd.FLSmidthSiemensSandvik ABCaterpillar Inc.Metso Outotec CorporationRockwell 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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Mining Automation Market Segmentation Overview:

By Offerings

Sensors and LiDAR SystemsGPS and GNSS ModulesIndustrial Cameras and Vision SystemsConnectivity and Communication SystemsOthers

By Technique

Underground MiningSurface Mining

By Component

Metal MiningMineral MiningCoal Mining

By Region

North America: U.S., Canada, MexicoEurope: Germany, UK, France, Italy, Rest of EuropeAsia-Pacific: China, Japan, India, South Korea, Rest of Asia-PacificLAMEA: Latin America, Middle East, Africa

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About Us: 

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Wilmington, Delaware. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of “Market Research Reports Insights” and “Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain. 

We are in professional corporate relations with various companies, and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Allied Market Research CEO Pawan Kumar is instrumental in inspiring and encouraging everyone associated with the company to maintain high quality of data and help clients in every way possible to achieve success. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry. 

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3M announces collaboration with GSEO to advance Expanded Beam Optical manufacturing and development

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October 19, 2026

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ST. PAUL, Minn., Oct. 19, 2026 /PRNewswire/ — 3M (NYSE: MMM) today announced a collaboration with Genius Electronic Optical Co., Ltd. (GSEO, Taiwan: 3406), an optical technology company, to advance technology development and manufacturing for 3M’s Expanded Beam Optical (EBO) solutions. In support of these efforts, 3M expects to make a strategic investment to acquire approximately 4.7% of GSEO’s common shares as part of the company’s private placement of newly issued shares, subject to customary closing conditions.

The collaboration brings together 3M’s EBO technology leadership, optical interconnect expertise, materials science, manufacturing scale and customer relationships with GSEO’s precision optics manufacturing capabilities and production scale. Together, the companies aim to support EBO commercialization and long-term capacity expansion to meet growing demand from hyperscale data centers and other advanced connectivity applications.

“3M is investing in capabilities and partnerships that can accelerate innovation for our customers,” said William Brown, 3M Chairman and CEO. “By selecting GSEO as a manufacturing partner and investing in the company, we are strengthening the path to scale next-generation optical connectivity solutions for high-performance data center infrastructure.”

GSEO’s existing precision optics manufacturing capabilities and technical development experience are expected to support manufacturing readiness for 3M’s EBO ferrules, co-packaged optics solutions and related optical interconnect applications. The collaboration is part of 3M’s broader EBO ecosystem strategy, which includes continued work with customers and partners across the optical interconnect market.

“GSEO is pleased to expand its relationship with 3M as we work together to advance optical interconnect solutions for next-generation data center infrastructure,” said Micro Kuo, GSEO CEO and President. “This collaboration brings together complementary technology and manufacturing strengths to support continued innovation and help meet the performance demands of high-growth connectivity markets.”

3M expects the strategic investment to close in the fourth quarter of 2026, subject to customary closing conditions.

Forward-Looking Statements
Certain statements in this release are considered “forward-looking statements” under the federal securities laws, including the Private Securities Litigation Reform Act of 1995, as amended, and are intended to enjoy the protection of those laws. Forward-looking statements may appear throughout this release and are typically identified by the words “aim,” “anticipate,” “believe,” “can,” “continue,” “could,” “estimate,” “evaluate,” “expect,” “forecast,” “future,” “goal,” “guidance,” “impact,” “initial,” “intend,” “likely,” “may,” “outlook,” “plan,” “possible,” “potential,” “predict,” “probable,” “project,” “seek,” “should,” “strategy,” “target,” “will,” “would,” and other words that are similar to, or have the opposite meanings of, those words. Forward-looking statements speak only as of the date they are made, 3M assumes no duty to update those statements, and readers are cautioned not to place undue reliance on any of those statements. Forward-looking statements are based on certain assumptions and expectations of future events and trends that are subject to risks and uncertainties, including those described in Part I, Item 1A, “Risk Factors” of 3M’s Form 10-K for the year ended December 31, 2025.

About 3M
3M (NYSE: MMM) is focused on transforming industries around the world by applying science and creating innovative, customer-focused solutions. Our multi-disciplinary team is working to solve tough customer problems by leveraging diverse technology platforms, differentiated capabilities, global footprint, and operational excellence. Discover how 3M is shaping the future at 3M.com/news.

Contacts
3M
Investor Contact:
Diane Farrow, 612-202-2449
Media Contact:
3MNews@mmm.com 

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Scott Vicknair Personal Injury Lawyers Announces Second Annual Operation Fur-Ever Home Pet Adoption Event at Lafreniere Park

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October 19, 2026

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NEW ORLEANS, Oct. 19, 2026 /PRNewswire/ — Scott Vicknair Personal Injury Lawyers is excited to announce the return of its second annual Operation Fur-Ever Home, a free community pet adoption event taking place on Saturday, November 14, 2026, from 9:00 a.m. to 11:00 a.m. at Lafreniere Park in Metairie, Louisiana.

The free, family-friendly event will give attendees the opportunity to meet adoptable pets from local animal shelters, learn about responsible pet ownership, and potentially welcome a new furry companion into their homes. Those who preregister for the event will also be entered for a chance to win a Soundcore speaker and a free pet adoption.

“Last year’s event was everything we hoped it would be, and we are incredibly excited to bring Operation Fur-Ever Home back for a second year,” said David Vicknair, founding partner of Scott Vicknair Personal Injury Lawyers. “There is something special about watching a family meet a pet that could become part of their lives for years to come. We wanted to create another opportunity to make those connections while supporting the organizations that work tirelessly to care for animals in our community.”

Building on the success of the first event, this year’s event continues the firm’s commitment to supporting local animal shelters and creating meaningful opportunities for families throughout Southeast Louisiana.

“Giving back to our community has always been an important part of who we are as a firm,” said Vicknair. “Whether we are helping students prepare for school, recognizing deserving teachers, or supporting local animal shelters, our goal is to make a positive difference in the communities we serve.”

Operation Fur-Ever Home is free and open to the public. Families, animal lovers, and anyone interested in adopting a pet are encouraged to attend and preregister.

About Scott Vicknair Personal Injury Lawyers

Scott Vicknair Personal Injury Lawyers is a New Orleans-based personal injury firm committed to providing exceptional legal representation while also investing in the communities it serves. Their experienced team of dedicated attorneys specializes in car accidents, personal injury, and wrongful death cases in New Orleans. With diverse personal and professional backgrounds, they craft legal strategies tailored to each client’s specific case and needs.

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Can we produce low-cost omega-3s without relying on fish?

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30 minutes ago

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October 19, 2026

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GOLD COAST, Australia, Oct. 19, 2026 /PRNewswire/ — Southern Cross University researchers are aiming to halve the cost of producing omega-3 supplements to make these essential nutrients more accessible to pregnant women and infants in low-income countries, backed by the University’s first-ever grant from The Gates Foundation.

The research takes a novel approach: rather than relying on fish oil, the team is going closer to the original source of omega-3. Fish don’t produce omega-3 themselves – they accumulate it from marine microorganisms lower in the food chain.

Led by Professor Dirk Erler from Southern Cross University’s Faculty of Science and Engineering, the team is investigating how these naturally omega-3-producing microorganisms can be grown more cheaply through precision fermentation, including the use of agricultural and food-processing by-products as a source of fermentation sugar.

Omega-3 is an important nutrient during pregnancy and early life, supporting brain and nervous system development in babies. But the cost of supplements remains a significant barrier to access in many low-income countries.

“The main barrier for the uptake of omega-3s as supplements in pregnant women is the cost,” Professor Erler said.

“The whole objective of our project is to reduce that cost and make omega-3 supplements more available.”

The research team at Southern Cross University, which includes biomedical scientist Dr Nedeljka Rosic, Dr Shane McIntosh, postdoctoral researcher Dr Jasmine Haskell and PhD researcher Michael Ingram, is focused on growing omega-3-producing marine microorganisms known as thraustochytrids – or ‘throstys’ for short.

“By growing those microorganisms on land through precision fermentation, we have an alternative way of producing omega-3s that is both reliable and highly targeted,” Professor Erler said.

Precision fermentation allows the researchers to grow thraustochytrids under controlled conditions to produce omega-3 oils. The team is investigating whether expensive feedstocks used in the process can be replaced with lower-cost agricultural and food-processing by-products, helping drive down the overall cost of production.

The approach could also reduce reliance on wild-caught fish as a source of omega-3 oil and create a more reliable, scalable, and local supply.

For biomedical scientist Dr Nedeljka Rosic, the production challenge is ultimately about what greater access to omega-3 could mean for women and babies.

“As a biomedical scientist, my purpose is to find ways to use science to improve people’s health,” Dr Rosic said.

“This project is important because it aims to improve the health of pregnant women and children and reduce preterm births through simple dietary improvements.”

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SOURCE Southern Cross University

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