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Autonomous Mining Trucks Market Trends

  • Report ID: GMI9481
  • Published Date: May 2024
  • Report Format: PDF

Autonomous Mining Trucks Market Trends

The autonomous mining truck industry is witnessing a growing conversion of mines into independent facilities. Various factors, including the demand for efficiency and protection inside the mining enterprise, are encouraging this change. As more corporations understand the blessings of operating independently, they are investing in changing their mines into autonomous centers.
 

This consists of using autonomous automobiles with other independent gadgets and structures to streamline operations and reduce reliance on guide operations. Technological advances, such as superior sensors and AI algorithms, make autonomous mining possible and appealing. As this trend continues, we could see increasing adoption of the computerized era during the mining enterprise.
 

For instance, in September 2023, FCX approved a new program to convert 33 Caterpillar 793 pickup trucks to full autonomy over the next three years. This conversion project was a milestone for Baghdad because it would be the first move in the United States to make a fully autonomous vehicle system work.
 

Authors: Preeti Wadhwani, Aishvarya Ambekar

Frequently Asked Questions (FAQ) :

The market size of autonomous mining trucks reached USD 1.5 billion in 2023 and is set to witness 19% CAGR between 2024 and 2032, led by rising innovation and partnerships within key companies.

The rigid dump trucks segment is expected to record USD 2.7 billion by 2032, owing to their necessity for efficient transportation of bulk materials to the mines.

Asia Pacific market held over 49% share in 2023, driven by heavy investments in automation to improve productivity, safety, and efficiency of mining operations.

Caterpillar Inc, Komatsu Ltd., Hitachi Construction Machinery Co., Ltd, Liebherr Group, Volvo Group, Sandvik, WAYMO, and PACCAR Inc. among others.

Autonomous Mining Trucks Market Scope

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Premium Report Details

  • Base Year: 2023
  • Companies covered: 16
  • Tables & Figures: 300
  • Countries covered: 23
  • Pages: 340
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