Connected Mining Market Size, Share, Growth & Industry Analysis, By Component, By Type, By Deployment, By Application, and Regional Analysis, 2025-2032

Market Definition

Connected mining is an advanced approach to mining operations that integrates digital technologies, automation, and real-time connectivity to improve efficiency, safety, and productivity across the mining operation.

The connected mining market encompasses the use of Internet of Things (IoT), artificial intelligence (AI), cloud computing, big data analytics, autonomous equipment, drones, and remote monitoring systems to create a fully digitalized and interconnected mining ecosystem.

Connected Mining Market Overview

According to Kings Research, the global connected mining market was valued at USD 15.54 billion in 2024 and is projected to grow from USD 17.51 billion in 2025 to USD 41.11 billion by 2032, exhibiting a CAGR of 12.88% over the forecast period.

The market is driven by the increasing focus on worker safety and accident prevention, as mining operators are increasingly adopting remote monitoring and automated systems to minimize hazards and ensure regulatory compliance. The adoption of energy-efficient technologies and digital solutions by mining companies to reduce ecological impact and meet stricter sustainability regulations is further driving market growth.

Key Market Highlights:

• The connected mining market was recorded at USD 15.54 billion in 2024.
• The market is projected to grow at a CAGR of 12.88% from 2024 to 2032.
• North America held a market of 35.95% in 2024, with a valuation of USD 5.59 billion.
• The solution segment garnered USD 9.66 billion in revenue in 2024.
• The surface segment is expected to reach USD 23.40 billion by 2032.
• The cloud-based segment is anticipated to witness the fastest CAGR of 12.98% over the forecast period.
• The processing & refining segment held a market share of 38.61% in 2024
• Asia Pacific is anticipated to grow at a CAGR of 13.79% over the forecast period.

Major companies operating in the global connected mining market are ABB, Rio Tinto, IBM Corporation, SAP SE, Cisco Systems, Inc, Schneider Electric, Komatsu America Corp, Anglo American plc, Caterpillar, Hexagon AB, Rockwell Automation Inc, Trimble Inc., Siemens, Hitachi, Ltd, and Wipro Limited.

The rising demand for real-time data to enhance operational efficiency and reduce downtime is driving the growth of the connected mining market. Mining operators are increasingly adopting near-real-time monitoring and analytics of machinery, enabling optimization of equipment performance, streamlined workflows, and improved productivity across mining sites worldwide.

• In April 2025, Hitachi Construction Machinery introduced the LANDCROS Connect Insight solution to analyze real-time mining machinery data and improve operational efficiency, safety, and productivity. The solution is being deployed across sites in Australia, Zambia, Chile, and the United States, supporting the adoption of connected mining technologies and data-driven operations.

Market Driver

Surging Demand for Critical Minerals

A key driver in the connected mining market is the surging demand for critical minerals, including rare earth elements, lithium, cobalt, and nickel, which are essential for clean energy technologies, electric vehicles, and advanced electronics. 

This demand is prompting mining companies to adopt connected solutions, automation, and digital monitoring systems to optimize resource extraction, enhance operational efficiency, and reduce downtime. This need for sustainable and precise mining practices is further accelerating investments in real-time data analytics, IoT-enabled equipment, and advanced resource management technologies, thereby driving market growth.

• In June 2025, the Organisation for Economic Co-operation and Development's (OECD) Local Economic and Employment Development (LEED) report states that the demand for rare earth minerals is projected to grow by 400–600% over the next decade. This is expected to drive the adoption of connected mining technologies, automation, and advanced resource management practices to improve efficiency and ensure sustainable extraction.

Market Challenge

High Initial Capital Investment

A key challenge in the connected mining market is the high initial capital investment required for deploying advanced technologies such as IoT systems, autonomous equipment, and digital platforms. 

These significant upfront costs increase financial pressure on mining companies and can limit participation for small and mid-sized operators. Additionally, the requirement for infrastructure upgrades, workforce training, and ongoing integration expenses further increases the financial burden for mining companies.

To address these challenges, market players are forming joint ventures and adopting strategies such as leasing of connected mining equipment to reduce upfront costs of technology deployment, infrastructure upgrades, and digital integration. 

Companies are also adopting cloud-based platforms and modular digital solutions that allow gradual integration rather than large one-time expenditures. Additionally, financing options and vendor-provided training programs are helping operators manage expenses more effectively.

Market Trend

Rising Deployment of Digital Platforms for Integrated Mine Site Data Management

A key trend in the connected mining market is the rising deployment of digital platforms for integrated data management of mine sites. Mining companies are implementing interoperable systems that consolidate data from equipment, operations, and third-party sources to create a single source of operational truth. 

These platforms enable real-time monitoring, data-driven decision-making, and improved collaboration across the mine site and enterprise. This shift prompts operational efficiency, predictive maintenance, and enhanced sustainability, supporting the transition to smarter, more connected mining operations.

• In September 2024, Komatsu launched the Modular ecosystem, an interoperable mine management platform that integrates data from connected equipment and third-party sources. The platform enables a single source of operational truth, streamlines decision-making, supports remote monitoring, and optimizes workflows across the mine site and enterprise, advancing connected mining operations.

Connected Mining Market Report Snapshot

Market Segmentation:

• By Component (Solution and Services): The solution segment earned USD 9.66 billion in 2024, due to the growing adoption of IoT, automation, and data analytics to optimize mining operations.
• By Type (Surface, and Underground): The surface segment held 57.70% of the market in 2024, due to the higher prevalence of open-pit mining operations and the need for connected monitoring systems.
• By Deployment (On-premises and Cloud-based): The on-premises segment is projected to reach USD 22.11 billion by 2032, supported by to mining companies’ preference for secure, internally managed digital infrastructure.
• By Application (Exploration, Processing & Refining, and Transportation): The exploration segment is anticipated to witness fastest CAGR of 13.00% during the forecast period due to the increasing adoption of digital and connected technologies for real-time data analysis.                                

Connected Mining Market Regional Analysis

Based on region, the global connected mining market has been classified into North America, Europe, Asia Pacific, Middle East & Africa, and South America.

North America connected mining market share stood at 35.95% in 2024 in the global market, with a valuation of USD 5.59 billion. This dominance is reinforced by the presence of major mining technology providers that are driving widespread adoption of IoT, automation, and digital platforms across mining operations. 

Mining companies are making substantial investments in advanced safety systems and real-time monitoring solutions to ensure worker protection, improve compliance with regulatory standards, and minimize accident risks. 

Implementation of IoT and automation initiatives in mining is enabling operators to achieve productivity optimization and cost efficiency by using connected equipment and predictive analytics to reduce downtime, extend asset life, and maximize resource utilization. 

Additionally, continuous consolidation and expansion of automation-focused solution providers are supporting the widespread adoption of connected mining technologies, thereby contributing to the market expansion of the region.

• In July 2024, Epiroc acquired the remaining 66% of U.S.-based ASI Mining, a provider of OEM-agnostic autonomous mining solutions. The acquisition aims to expands Epiroc’s capabilities in remote control, teleoperation, and fleet automation, supporting safer, more productive, and connected mining operations.

Asia Pacific is set to grow at a robust CAGR of 13.79% over the forecast period. This growth is driven by rapid industrialization and infrastructure development, which are increasing the demand for efficient and productive mining operations in the region. 

Major mining companies are investing heavily in IoT, automation, and digital platforms to optimize resource extraction, reduce costs, and improve the operational efficiency of mining processes. 

A rising emphasis on worker safety and regulatory compliance is prompting the deployment of real-time monitoring and automation solutions. Additionally, the growing focus on sustainability and decarbonization is driving the integration of energy-efficient and environmentally friendly technologies, further fueling market growth in the region.

• In April 2025, Weir completed the acquisition of Micromine, an Australia-based mining software solutions provider, for USD 789 million. The acquisition aims to expands Weir’s digital capabilities across the mining value chain, enhancing data-driven decision-making, operational optimization, and connectivity in mining operations.

Regulatory Frameworks

• In the U.S., the Mine Safety and Health Administration (MSHA) regulates connected mining by enforcing safety standards, digital monitoring protocols, and technology-driven compliance systems. It oversees the integration of automated machinery, worker tracking systems, and IoT-based safety tools to minimize hazards and improve operational transparency in technologically advanced mines.
• In the U.K., the Health and Safety Executive (HSE) regulates connected mining by monitoring workplace safety, digital automation, and remote mining technologies. It oversees IoT-driven risk assessments, predictive safety tools, and connected equipment regulations, ensuring that advanced mining technologies maintain high safety, environmental, and operational standards.
• In China, the Ministry of Natural Resources (MNR) supervises connected mining by regulating resource extraction, safety compliance, and the use of smart technologies. It oversees the adoption of automation, digital mapping, and monitoring systems to ensure sustainable mining, environmental protection, and efficient utilization of resources in rapidly modernizing operations.
• In India, the Directorate General of Mines Safety (DGMS) oversees connected mining by setting safety standards, regulating digital monitoring systems, and enforcing technology-driven compliance. It focuses on worker safety tracking, automated equipment monitoring, and IoT adoption, ensuring that modernization aligns with both safety requirements and sustainable mining practices.

Competitive Landscape

Major players in the connected mining market are actively expanding their technological capabilities to enhance the operational efficiency and safety of mining operations. They are integrating advanced radar systems and real-time location technologies to improve collision avoidance and machine tracking. 

They are also strengthening automation platforms to support autonomous haulage and remote operations. Additionally, market players are pursuing strategic acquisitions and partnerships to broaden digital solution portfolios and accelerate the adoption of fully connected mining workflows.

• In November 2024, Hexagon acquired Germany-based indurad and its autonomous haulage subsidiary xtonomy, enhancing its radar, RTLS, and automation capabilities to advance connected and autonomous mining operations.

Top Companies in Connected Mining Market:

• ABB
• Rio Tinto
• IBM Corporation
• SAP SE
• Cisco Systems, Inc
• Schneider Electric
• Komatsu America Corp
• Anglo American plc
• Caterpillar
• Hexagon AB
• Rockwell Automation Inc
• Trimble Inc.
• Siemens
• Hitachi, Ltd
• Wipro Limited.

Recent Developments

• In February 2025, Cummins acquired assets of First Mode, including hybrid mining and rail product lines and an IP portfolio of hydrogen and battery powertrain solutions. The acquisition enhances Cummins’ capability to deliver retrofit hybrid systems that lower operating costs and advance decarbonization in mining operations.
• In September 2024, ABB introduced new service offerings for mining operations, extending its ABB Care program to Mining Automation and Hoisting. The services provide proactive maintenance and digital monitoring to optimize equipment performance, reduce downtime, enhance safety, and support operational efficiency.