AI in Mining

Global Artificial Intelligence (AI) in Mining Market, Share & Trends Analysis Report by Application (Mineral Exploration, Autonomous Vehicles and Drillers, Sorting Minerals, and Safety and Maintenance) and Forecast, 2019-2025The mining industry is considered as one of the dominating industries which generates a lot of business as well as employment for countries across the globe. There is growing implementation of AI significantly in numerous industries including retail, healthcare, consumer electronics, and energy. Mining industry plays a critical role in the energy sector across the globe. Moreover, companies are mainly focused on optimizing energy efficiency across the globe, thereby creating opportunities for innovative technologies such as AI to be implemented in the mining industry. AI in mining help companies in the exploration of the minerals and also in providing safety & security of workers and machinery. Companies such as BHP Group, Ltd. using AI technologies and autonomous hauling vehicles in their mines which have reduced cost by roughly 20%.
Optimization of operational efficiency is essential, AI is expected to be the best alternative which could cater to this demand in the mining industry. Furthermore, AI offers numerous advantages such as enhanced planning and time management, prevention of breakdown and delays and aiding in improving the energy efficiency of the processes. This is expected to drive the growth of the market significantly in the near future. Although, factor such as notable installation cost and insufficient skilled labor are some of the factors which limit the market growth. The emphasis on reducing cycle time is growing from the past, therefore owing to this, there are technologies such as intelligent data platform, threat detection, underground automation, and predictive maintenance which is expected to help mining industries to grow.
There are various companies involved in the AI in mining solutions such as Microsoft Corp., GoldSpot Discoveries, Inc., Infosys, Ltd., Wipro, Ltd., MICROMINE, Accenture PLC, and IBM Corp. The market players are focusing to provide advancement in technologies to hold their position in the market. AI in mining market is segmented geographically into North America, Europe, Asia-Pacific and Rest of the World. North America region is foreseen to command the global AI in mining market. A region such as Europe and Asia-Pacific are expected to grow significantly in the near future. This is attributed to the growing adoption of advanced technologies and the widespread mining industry in China, Switzerland, France, and Australia.
Research Methodology
The study of the global AI in mining market is incorporated by extensive primary and secondary research conducted by a research team at OMR. Secondary research has been conducted to refine the available data to break down the market in various segments, derive total market size, market forecast, and growth rate. Different approaches have been worked on to derive the market value and market growth rate. Our team collects facts and data related to the market from different geography to provide a better regional outlook. In the report, the country-level analysis is provided by analyzing various regional players, regional tax laws and policies, consumer behavior and macroeconomic factors. Numbers extracted from secondary research have been authenticated by conducting proper primary research. It includes tracking down key people from the industry and interviewing them to validate the data. This enables our analyst to derive the closest possible figures without any major deviations in the actual number. Our analysts try to contact as many executives, managers, key opinion leaders, and industry experts. Primary research brings the authenticity of our reports.
Secondary Sources Include:
• Financial reports of companies involved in the market.
• Authentic public databases.
• Whitepapers, research-papers and news blogs.
• Company websites and their product catalog.
The report is intended for the mining companies, investment companies, government organizations for overall market analysis and competitive analysis. The report will serve as a source for 360-degree analysis of the market thoroughly integrating different models delivering insights into the market for better business decisions.
Market Segmentation:
• Global AI in Mining Market Research and Analysis by Application

The Report Covers:
• Comprehensive research methodology of the global AI in the mining market.
• This report also includes a detailed and extensive market overview with key analyst insights.
• An exhaustive analysis of macro and micro factors influencing the market guided by key recommendations.
• Insights about market determinants which are stimulating the global AI in the mining market.
• Detailed and extensive market segments with regional distribution of forecast revenues.
• Extensive profiles and recent developments of market players.