Growth of Smart Mining Market 2019: Alcatel-Lucent, Cisco Systems Inc., Atlas Joy Global Inc., Caterpillar Inc., Copco, Outotec Oyj
According to an ongoing research by FMI, global smart mining market will observe considerable traction in the forthcoming years due to adoption of advanced technology and automated vehicles. By the end of forecast period 2015-2020, the global market for smart mining is expected to increase at a (CAGR) compound annual growth rate of 14.5% as well as rake in US$ 13Bn in revenues. At present, the major areas observing increase in automation are machine guidance, simulator training and surface drilling technologies.
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