Connected Mining Market Report 2026

Connected Mining Market Overview

• Connected Mining market size has reached to $17.23 billion in 2025 • Expected to grow to $35.35 billion in 2030 at a compound annual growth rate (CAGR) of 15.4% • Growth Driver: Metals And Minerals Demand Fueling Growth In The Connected Mining Market • Market Trend: The Rise Of Smart Monitoring Systems Revolutionizes Connected Mining • North America was the largest region in 2025 and Asia-Pacific is the fastest growing region.

What Is Covered Under Connected Mining Market?

Connected mining refers to a process that uses variously integrated and, indeed, connected mining solutions to manage industrial mining operations more efficiently. Connected mine is a multi-value solution that makes use of mobile, tracking, analytics, and cloud technology. The main types of connected mining market components are solutions and services. Solutions are used in plant and mine operations, industrial safety and security, mobile fleet operations, and workforce enabled. A solution is an offering that uses a product that is customized for each client to address a particular or common issue. The services are professional and managed. The various solutions are asset tracking and optimization, industrial safety and security, analytics and reporting, process control, operational performance, and quality optimization solutions. The various automated types of equipment are driller and breaker, load haul dump, mining excavator, and robotic truck. The various end users are engineering and maintenance, consulting services, production training service, and implementation and integration service.

What Is The Connected Mining Market Growth Forecast?

The connected mining market size is expected to see rapid growth in the next few years. It will grow to $35.35 billion in 2030 at a compound annual growth rate (CAGR) of 15.4%. The growth in the forecast period can be attributed to increasing investments in digital mining transformation, rising demand for remote mining operations, expansion of underground connectivity infrastructure, growing integration of ai-driven analytics, increasing focus on sustainable mining practices. Major trends in the forecast period include increasing deployment of real-time mine monitoring systems, rising adoption of autonomous mining operations, growing use of predictive maintenance analytics, expansion of cloud-based mining management platforms, enhanced focus on workforce safety technologies.

Global Connected Mining Market Segmentation

1) By Component: Solution, Services 2) By Mining Type: Surface, Underground 3) By Deployment Mode: On-premises, Cloud 4) By Application: Exploration, Processing and Refining, Transportation Subsegments: 1) By Solution: Asset Tracking And Optimization, Industrial Safety And Security, Analytics And Reporting, Process Control, Operational Performance, Quality Optimization Solutions 2) By Services: Professional Services, Managed Services

What Is The Driver Of The Connected Mining Market?

Increasing demand for metals and minerals is expected to propel the market for connected mining. Metals and minerals encompass both metallic elements and non-metallic substances extracted from the earth, crucial for various industrial applications in manufacturing, construction, and energy production. Connected mining allows for real-time monitoring of equipment, mineral extraction, and operational conditions, enabling better decision-making, predictive maintenance, and optimized resource utilization in the extraction and processing of metals and minerals. For instance, in July 2023, according to the International Energy Agency, a Paris-based autonomous intergovernmental organization, demand for critical minerals experienced strong growth in 2023, with lithium demand rising by 30%, while demand for nickel, cobalt, graphite, and rare earth elements all saw increases ranging from 8% to 15%. China's overseas mining investments, especially in battery metals such as lithium and cobalt, hit a record USD 10 billion in H1 2023, reflecting a decade-long growth trend. Therefore, metals and minerals demand is driving growth in the connected mining industry.

Key Players In The Global Connected Mining Market

Major companies operating in the connected mining market are ABB Ltd.; International Business Machines Corporation (IBM); SAP SE; Cisco Systems Inc.; Schneider Electric SE; Caterpillar Inc.; Komatsu Ltd.; Hitachi Construction Machinery Co. Ltd.; Hexagon AB; Sandvik AB; Epiroc AB; Wenco International Mining Systems Ltd.; MineWare Pty Ltd.; RPMGlobal Holdings Limited; Siemens AG; Rockwell Automation Inc.; Trimble Inc.; OSIsoft LLC; Maptek Pty Ltd.; Dassault Systèmes SE; IntelliSense. io Ltd.; Motion Metrics International Corp.; MST Global Pty Ltd.; Fluidmesh Networks LLC; Swift Navigation Inc.; MineSense Technologies Ltd.; Micromine Pty Ltd.

Global Connected Mining Market Trends and Insights

Major companies operating in the connected mining market are prioritizing advancements in digital technologies, such as IoT and data analytics, to enhance operational efficiency, safety, and sustainability in mining operations. ABB Care for Hoisting is a proactive maintenance service from ABB designed to enhance the performance and availability of mining hoisting systems while minimizing downtime through advanced services and digital technologies. For instance, in September 2024, ABB Ltd., a Switzerland-based automation company, launched a new suite of service offerings called ABB Care for Mining Automation and ABB Care for Hoisting. These services are designed to transition mining operations from traditional reactive maintenance to more proactive solutions, enhancing productivity and operational health while minimizing downtime. ABB’s Care framework offers proactive and preventive services that ensure operations run smoothly and efficiently.

What Are Latest Mergers And Acquisitions In The Connected Mining Market?

In April 2025, Weir Group PLC, a UK-based provider of mining technology and engineering solutions, acquired Micromine for about USD 0.79 billion (GB£624 million). Through this acquisition, Weir aims to enhance its connected mining technology capabilities by integrating Micromine’s mining software solutions and expanding its digital mining platform across exploration, mine design, planning, and operations. Micromine is an Australia-based company that provides software solutions for mining operations, covering exploration, mine design, planning, and operational management.

Regional Insights

North America was the largest region in the connected mining market in 2025.Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in this market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in this market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Taiwan, Russia, South Korea, UK, USA, Canada, Italy, Spain

What Defines the Connected Mining Market?

The connected mining market consists of revenues earned by entities by providing connected mining for surface and underground mining enabling companies to gather data to gain complete visibility of their operations and to make wise business decisions that help to enhance mining operations. The market value includes the value of related goods sold by the service provider or included within the service offering. Values in this market are ‘factory gate’ values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. Only goods and services traded between entities or sold to end consumers are included.

How is Market Value Defined and Measured?

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

What Key Data and Analysis Are Included in the Connected Mining Market Report 2026?

The connected mining market research report is one of a series of new reports from The Business Research Company that provides market statistics, including industry global market size, regional shares, competitors with the market share, detailed market segments, market trends and opportunities, and any further data you may need to thrive in the connected mining industry. The market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future state of the industry.