SURFACE MINING
In 2031, the global smart mining market is expected to reach US$55.15 billion The
global smart mining market is expected to be worth
US$9.66 billion in 2021, rising to US$55.15 billion in 2031, with a CAGR of 19.0 percent. Smart mining refers to using technology and information to help mining operations achieve higher realms of safety, productivity, and lower operating costs. In comparison to conventional mines, smart mines that have already incorporated sophisticated technology can automate their activities faster.
B
ecause of the growing need for textiles and metals, mining activities are rapidly expanding worldwide.
Furthermore, growing worries about site safety, increasing automation, and rising environmental issues contribute to the intelligent mining market's rise.
RESULT OF COVID-19 OVER THE SMART MINING MARKET
The COVID-19 pandemic has disrupted the complete value chain for minerals and mining firms worldwide. The organizations have imposed travel bans and restricted access to mine sites, manufacturing facilities, and offices as preventive measures. Mining and metal firms aren't operationally flexible enough
22 | SKILLINGS MINING REVIEW January 2022
