Product Code: GVR-4-68040-571-6
Connected Mining Market Size & Trends:
The global connected mining market size was estimated at USD 17.26 billion in 2024 and is projected to grow at a CAGR of 11.0% from 2025 to 2030. The rising demand for operational efficiency and productivity drives the growth of the market. Mining operations are typically complex, capital-intensive, and involve multiple moving parts, from exploration and drilling to transportation and refining. Traditionally, inefficiencies, delays, and breakdowns were common due to limited data visibility and manual interventions. Connected mining leverages technologies such as real-time monitoring, automation, and data analytics to streamline these operations.
By enabling predictive maintenance, optimized resource allocation, and reduced downtime, connected systems help mining companies enhance productivity while lowering operational costs.
The widespread adoption of the Industrial Internet of Things (IIoT) and automation in the mining sector drives the growth of the market. IIoT integrates sensors, connected devices, and software to collect and analyze real-time data across mining equipment and facilities. This enhances visibility and enables mining companies to take proactive actions, such as scheduling maintenance before a machine fails or redirecting equipment to high-yield zones.
In addition, automation, ranging from autonomous haul trucks to remote-controlled drilling rigs, improves efficiency and safety while minimizing the need for manual labor, especially in hazardous environments. As the mining industry increasingly relies on automation to overcome labor shortages and harsh working conditions, the IIoT-backed connected mining segment is witnessing significant investment.
Moreover, growing investments in digital and smart mining projects are driving the growth of the market. Countries rich in mineral resources, such as Australia, Canada, Chile, and South Africa, are seeing substantial investments in digital transformation initiatives. Leading mining companies are forming partnerships with technology providers to build intelligent mines that integrate robotics, AI, and analytics into every stage of the operation. These efforts improve ROI and set industry benchmarks that others are motivated to follow. This wave of investment is a strong indicator of long-term commitment to connected mining technologies.
However, high initial capital investments and integration costs restrain the growth of the market. Implementing advanced solutions such as IoT sensors, autonomous equipment, data analytics platforms, and high-speed connectivity infrastructure requires substantial capital. Many mining companies, particularly small and mid-sized operators, may find it financially burdensome to justify these investments without guaranteed returns. In addition, the cost of integrating these technologies with existing legacy systems can be high, requiring system overhauls, extensive training, and new IT frameworks.
Global Connected Mining Market Report Segmentation
This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2018 to 2030. For this study, Grand View Research has segmented the global connected mining market report based on component, deployment, enterprise size, mining, application, and region.
- Component Outlook (Revenue, USD Billion, 2018 - 2030)
- Solution
- Services
- Deployment Outlook (Revenue, USD Billion, 2018 - 2030)
- On-premise
- Cloud
- Enterprise Size Outlook (Revenue, USD Billion, 2018 - 2030)
- Large Enterprises
- Small & Medium Enterprises
- Mining Outlook (Revenue, USD Billion, 2018 - 2030)
- Surface
- Underground
- Application Outlook (Revenue, USD Billion, 2018 - 2030)
- Exploration
- Processing & Refining
- Transportation
- Regional Outlook (Revenue, USD Billion, 2018 - 2030)
- North America
- Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Australia
- Latin America
- Middle East and Africa (MEA)
Table of Contents
Chapter 1. Methodology and Scope
- 1.1. Market Segmentation and Scope
- 1.2. Research Methodology
- 1.2.1. Information Procurement
- 1.3. Information or Data Analysis
- 1.4. Methodology
- 1.5. Research Scope and Assumptions
- 1.6. Market Formulation & Validation
- 1.7. Country Based Segment Share Calculation
- 1.8. List of Data Sources
Chapter 2. Executive Summary
- 2.1. Market Outlook
- 2.2. Segment Outlook
- 2.3. Competitive Insights
Chapter 3. Connected Mining Market Variables, Trends, & Scope
- 3.1. Market Lineage Outlook
- 3.2. Market Dynamics
- 3.2.1. Market Driver Analysis
- 3.2.2. Market Restraint Analysis
- 3.2.3. Industry Challenge
- 3.3. Connected Mining Market Analysis Tools
- 3.3.1. Industry Analysis - Porter's
- 3.3.1.1. Bargaining power of the suppliers
- 3.3.1.2. Bargaining power of the buyers
- 3.3.1.3. Threats of substitution
- 3.3.1.4. Threats from new entrants
- 3.3.1.5. Competitive rivalry
- 3.3.2. PESTEL Analysis
- 3.3.2.1. Political landscape
- 3.3.2.2. Economic landscape
- 3.3.2.3. Social landscape
- 3.3.2.4. Technological landscape
- 3.3.2.5. Environmental landscape
- 3.3.2.6. Legal landscape
Chapter 4. Connected Mining Market: Component Estimates & Trend Analysis
- 4.1. Segment Dashboard
- 4.2. Connected Mining Market: Component Movement Analysis, 2024 & 2030 (USD Million)
- 4.3. Solution
- 4.3.1. Solution Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 4.4. Services
- 4.4.1. Services Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
Chapter 5. Connected Mining Market: Deployment Estimates & Trend Analysis
- 5.1. Segment Dashboard
- 5.2. Connected Mining Market: Deployment Movement Analysis, 2024 & 2030 (USD Million)
- 5.3. On-premise
- 5.3.1. On-premise Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 5.4. Cloud
- 5.4.1. Cloud Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
Chapter 6. Connected Mining Market: Enterprise Size Estimates & Trend Analysis
- 6.1. Segment Dashboard
- 6.2. Connected Mining Market: Enterprise Size Movement Analysis, 2024 & 2030 (USD Million)
- 6.3. Large Enterprises
- 6.3.1. Large Enterprises Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 6.4. Small & Medium Enterprises
- 6.4.1. Small & Medium Enterprises Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
Chapter 7. Connected Mining Market: Mining Estimates & Trend Analysis
- 7.1. Segment Dashboard
- 7.2. Connected Mining Market: Mining Movement Analysis, 2024 & 2030 (USD Million)
- 7.3. Surface
- 7.3.1. Surface Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 7.4. Underground
- 7.4.1. Underground Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
Chapter 8. Connected Mining Market: Application Estimates & Trend Analysis
- 8.1. Segment Dashboard
- 8.2. Connected Mining Market: Application Movement Analysis, 2024 & 2030 (USD Million)
- 8.3. Exploration
- 8.3.1. Exploration Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 8.4. Processing & Refining
- 8.4.1. Processing & Refining Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 8.5. Transportation
- 8.5.1. Transportation Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
Chapter 9. Connected Mining Market: Regional Estimates & Trend Analysis
- 9.1. Connected Mining Market Share, By Region, 2024 & 2030, USD Million
- 9.2. North America
- 9.2.1. North America Connected Mining Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 9.2.2. U.S.
- 9.2.2.1. U.S. Connected Mining Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 9.2.3. Canada
- 9.2.3.1. Canada Connected Mining Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 9.2.4. Mexico
- 9.2.4.1. Mexico Connected Mining Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 9.3. Europe
- 9.3.1. Europe Connected Mining Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 9.3.2. UK
- 9.3.2.1. UK Connected Mining Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 9.3.3. Germany
- 9.3.3.1. Germany Connected Mining Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 9.3.4. France
- 9.3.4.1. France Connected Mining Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 9.4. Asia Pacific
- 9.4.1. Asia Pacific Connected Mining Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 9.4.2. China
- 9.4.2.1. China Connected Mining Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 9.4.3. Japan
- 9.4.3.1. Japan Connected Mining Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 9.4.4. India
- 9.4.4.1. India Connected Mining Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 9.4.5. South Korea
- 9.4.5.1. South Korea Connected Mining Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 9.4.6. Australia
- 9.4.6.1. Australia Connected Mining Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 9.5. Latin America
- 9.5.1. Latin America Connected Mining Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 9.5.2. Brazil
- 9.5.2.1. Brazil Connected Mining Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 9.6. Middle East and Africa
- 9.6.1. Middle East and Africa Connected Mining Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 9.6.2. UAE
- 9.6.2.1. UAE Connected Mining Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 9.6.3. KSA
- 9.6.3.1. KSA Connected Mining Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 9.6.4. South Africa
- 9.6.4.1. South Africa Connected Mining Market Estimates and Forecasts, 2018 - 2030 (USD Million)
Chapter 10. Competitive Landscape
- 10.1. Company Categorization
- 10.2. Company Market Positioning
- 10.3. Company Heat Map Analysis
- 10.4. Company Profiles/Listing
- 10.4.1. Caterpillar
- 10.4.1.1. Participant's Overview
- 10.4.1.2. Financial Performance
- 10.4.1.3. Product Benchmarking
- 10.4.1.4. Strategic Initiatives
- 10.4.2. ABB
- 10.4.2.1. Participant's Overview
- 10.4.2.2. Financial Performance
- 10.4.2.3. Product Benchmarking
- 10.4.2.4. Strategic Initiatives
- 10.4.3. Accenture
- 10.4.3.1. Participant's Overview
- 10.4.3.2. Financial Performance
- 10.4.3.3. Product Benchmarking
- 10.4.3.4. Strategic Initiatives
- 10.4.4. Rio Tinto
- 10.4.4.1. Participant's Overview
- 10.4.4.2. Financial Performance
- 10.4.4.3. Product Benchmarking
- 10.4.4.4. Strategic Initiatives
- 10.4.5. International Business Machines Corporation
- 10.4.5.1. Participant's Overview
- 10.4.5.2. Financial Performance
- 10.4.5.3. Product Benchmarking
- 10.4.5.4. Strategic Initiatives
- 10.4.6. Cisco Systems, Inc.
- 10.4.6.1. Participant's Overview
- 10.4.6.2. Financial Performance
- 10.4.6.3. Product Benchmarking
- 10.4.6.4. Strategic Initiatives
- 10.4.7. Komatsu
- 10.4.7.1. Participant's Overview
- 10.4.7.2. Financial Performance
- 10.4.7.3. Product Benchmarking
- 10.4.7.4. Strategic Initiatives
- 10.4.8. Hexagon AB
- 10.4.8.1. Participant's Overview
- 10.4.8.2. Financial Performance
- 10.4.8.3. Product Benchmarking
- 10.4.8.4. Strategic Initiatives
- 10.4.9. Rockwell Automation, Inc
- 10.4.9.1. Participant's Overview
- 10.4.9.2. Financial Performance
- 10.4.9.3. Product Benchmarking
- 10.4.9.4. Strategic Initiatives
- 10.4.10. Siemens
- 10.4.10.1. Participant's Overview
- 10.4.10.2. Financial Performance
- 10.4.10.3. Product Benchmarking
- 10.4.10.4. Strategic Initiatives