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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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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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2026 Canton Fair Design Award Winners Showcase China’s Innovation Strength

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GUANGZHOU, China, Oct. 19, 2026 /PRNewswire/ — As the 140th Canton Fair opens, the winners of the 2026 Canton Fair Design Award (CF Award) have also been announced. Winning products are now on display in Area D of the Canton Fair Complex, offering visitors a closer look at some of the latest advances in Chinese manufacturing and industrial design.

Among this year’s top honorees, a domestically developed high-performance sport motorcycle and an intelligent navigation capsule robot gastric endoscopy system received the Best of the Best Award, the competition’s highest recognition.

The Canton Fair also enhanced the visitor experience with a themed showcase area within the award exhibition. Built around four application-oriented concepts, namely Outdoor Pleasure, Smart Living, Cozy Home and Kitchen Elegance, the immersive displays demonstrate how innovative designs can be integrated into everyday life, helping visitors better understand the practical value behind these award-winning products.

This year, 4,218 products from 2,112 companies competed for the award. Following multiple rounds of evaluation, 222 products from 174 companies were selected.

The award-winning products reflect several key trends shaping the next stage of Chinese manufacturing. Innovation remains a defining theme, with breakthrough technologies ranging from upper limb motor function assistance and enhancement system to exoskeleton robots, underscoring the growing momentum of high-end manufacturing.

Meanwhile, intelligent technologies continue to gain traction across industries. Smart products account for more than 30% of this year’s winners, with AI-powered glasses, intelligent conference terminals and smart healthcare devices extending AI applications across home, office, medical and outdoor environments.

Sustainability is also becoming increasingly embedded throughout the product lifecycle. Green products represent over 40% of the winning entries, while innovations such as integrated energy-saving panels and sugarcane paper demonstrate how environmentally conscious practices are being incorporated into product design, materials selection and manufacturing processes.

Established in 2013, the Canton Fair Design Award is widely regarded as a benchmark for design innovation in China’s foreign trade sector. The award recognizes products that combine design excellence with commercial value, promoting the transformation and upgrading of Chinese manufacturing and supporting high-quality trade development. Entries are evaluated across five dimensions: innovation, quality, functionality, aesthetics and sustainability.

For more convenient attendance, please click here for pre-registration:
https://buyer.cantonfair.org.cn/register/buyer/email?source_type=16

 

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SOURCE Canton Fair

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InstaMall Launches Same-Day Fashion Delivery Experience, Bringing 80+ Brands to Shoppers’ Doors in Miami

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First-of-its-kind shopping app pairs artificial intelligence with same-day delivery, bringing luxury
and contemporary brands directly to customers’ doorsteps 

Featured luxury and contemporary brands include AllSaints, John Varvatos and Aritzia

MIAMI, Oct. 19, 2026 /PRNewswire/ — InstaMall, a first-of-its-kind shopping app offering same-day delivery and access to real-time inventory across luxury and contemporary fashion, launches today in Miami, Florida. Now available via iOS and Android, InstaMall provides access to more than 80 contemporary and luxury fashion brands across Miami’s five premier retail clusters, including Balmain, Louis Vuitton, Bottega Veneta, Ganni, Coach, Diesel, Reformation, Aritzia, Cult Gaia, Prada and more. InstaMall will add more brands within the app in the coming weeks and seasons. 

Sitting at the intersection of fashion, technology and commerce, InstaMall brings inspiration and purchase together through a more dynamic way to discover and shop for fashion. The experience combines access to luxury and contemporary brands with the convenience of same-day delivery, bringing the speed customers have come to expect across categories like food and groceries to fashion while maintaining the brand experience retailers and shoppers expect.

Within the app, customers will have access to InstaMall’s AI-powered stylist and virtual try-on features, making it easier to browse, discover and shop styles online. InstaMall’s AI Stylist serves as an intelligent shopping assistant that responds to customers’ preferences in real time. Customers can use the AI Stylist to receive product recommendations, build outfits, ask questions and discover new styles, while its virtual try-on feature allows them to visualize select items on themselves before making a purchase.

“InstaMall was founded on the belief that the convenience customers have come to expect from same-day delivery should extend to the way they shop for fashion,” said Elliot Aboud, Founder and CEO of InstaMall. “As fashion and technology continue to evolve together, we saw an opportunity to create a more seamless shopping experience that brings customers closer to the brands they love, combining a curated assortment, AI-powered styling and virtual try-on with the ease and convenience of same-day delivery.”

Prior to founding InstaMall, Elliot Aboud helped build the Aroma360 and Hotel Collection brands, overseeing the launch of the first retail store and expanding the retail footprint to more than 30 stores across the United States and two in Dubai. InstaMall is bringing fashion and luxury to the next generation with its seamless shopping experience and wide selection of brands.

Customers can download InstaMall through the Apple App Store or Google Play, or by going to instamall.co.

About InstaMall 

InstaMall is a same-day fashion shopping and discovery app reimagining how consumers shop for luxury and contemporary brands. Sitting at the intersection of fashion, technology and commerce, InstaMall brings inspiration and purchase together in an experience that gives consumers a more dynamic way to discover and shop. Where on-demand delivery has long existed for categories like food and groceries, InstaMall brings that same convenience to luxury fashion for the first time, delivering the same day without compromising the brand experience fashion retailers and their customers expect. The company launched publicly in Miami on October 16, 2026, and plans to expand nationally. For more information, please visit instamall.co.

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SOURCE InstaMall

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PTC to Announce Fourth Fiscal Quarter and Full Year 2026 Results on Wednesday, November 4, 2026

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BOSTON, Oct. 19, 2026 /PRNewswire/ — PTC (NASDAQ: PTC) will release its fiscal 2026 fourth quarter and full year results on Wednesday, November 4th after the stock market closes. As previously announced on October 5th, 2026, PTC entered into a definitive agreement to be acquired by Schneider Electric. In light of the pending transaction, PTC is suspending quarterly earnings conference calls and is no longer providing quarterly or annual guidance.

The earnings press release and accompanying financial data tables will be accessible on the Investor Relations section of the company’s website at PTC Investor Relations.

About

PTC (NASDAQ: PTC) is a global software company that enables manufacturers and product companies to digitally transform how they design, manufacture, and service the physical products the world relies on. Headquartered in Boston, Massachusetts, PTC employs over 7,000 people and supports more than 30,000 customers globally. For more information, please visit www.ptc.com.

Investors

Michael Maguire
mmaguire@ptc.com
investor@ptc.com

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SOURCE PTC Inc.

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