1 Different Types of Autonomous Mining Equipment and Vehicles Market
Segment by type, the autonomous mining equipment and vehicles can be split into autonomous mining trucks, autonomous drilling rigs, and underground LHD loaders.
Table Types of Autonomous Mining Equipment and Vehicles
|
Types |
Description |
|
Autonomous Mining Trucks |
Autonomous mining trucks (AMT) are driverless mine heavy vehicles that can sense the environment and navigate on the mine haul road surface without any human intervention. AMTs reduce the vulnerability to the risk of equipment contact with auxiliary equipment or equipped manual vehicles (EMV). |
|
Autonomous Drilling Rigs |
Automated drilling is the control of drilling by automatic means. The aim of automated drilling is to reduce human intervention to a minimum. |
|
Underground LHD Loaders |
Load-haul-dump vehicle (LHD) is an important and necessary piece of mining equipment, which plays a key role in the transportation of underground ores. Intelligent LHD is a machine system upgraded from traditional LHD by artificial intelligence technology, robotic technology, information-physics-network technology and image processing technology. It is multi-functionally integrated by remote control, intelligent autonomous operation, intelligent perception and diagnosis, etc. |
2 Different Applications of Autonomous Mining Equipment and Vehicles Market
Segment by application, the autonomous mining equipment and vehicles can be split into metal and coal.
Table Application of Autonomous Mining Equipment and Vehicles
|
No. |
Application |
Description |
|
1 |
Metal |
The process of extracting metal ores buried deep underground is called mining. This refers to Autonomous Mining Equipment and Vehicles used in the field of mining metal ores. |
|
2 |
Coal |
Coal mining is the process of extracting coal from the ground or from a mine. This refers to Autonomous Mining Equipment and Vehicles used in the field of coal mining. |
3 Evaluation Matrix of Segment Market Share (Type)
The type of autonomous mining equipment and vehicles with the largest market share was autonomous mining trucks, accounting for 83.08% of the market.
In 2022, the market share for each type of autonomous mining equipment and vehicles was as follows: autonomous mining trucks accounted for 83.08%, autonomous drilling rigs for 10.26%, underground LHD loaders for 4.62%, and others for 2.05%.
Figure Evaluation Matrix of Segment Market Share in 2022 (Type)
4 Global Autonomous Mining Equipment and Vehicles Market Sales (Units) by Types
In 2018, the sales of each type of autonomous mining equipment and vehicles were as follows: autonomous mining trucks with 167 units, autonomous drilling rigs with 20 units, underground LHD loaders with 9 units, and others with 4 units. By 2023, the sales increased to 403 units for autonomous mining trucks, 49 units for autonomous drilling rigs, 23 units for underground LHD loaders, and 10 units for others.
The total sales for Autonomous Mining Equipment and Vehicles from 2018 to 2023 were as follows: 200 units in 2018, 280 units in 2019, 279 units in 2020, 347 units in 2021, 390 units in 2022, and 485 units in 2023. The fastest growth occurred in 2023, with the total sales increasing from 390 units in 2022 to 485 units in 2023.
Table Global Autonomous Mining Equipment and Vehicles Sales (Units) by Types (2018-2023)
|
|
2018 |
2019 |
2020 |
2021 |
2022 |
2023 |
|
Autonomous Mining Trucks |
167 |
233 |
232 |
289 |
324 |
403 |
|
Autonomous Drilling Rigs |
20 |
28 |
28 |
35 |
40 |
49 |
|
Underground LHD Loaders |
9 |
13 |
13 |
16 |
18 |
23 |
|
Others |
4 |
6 |
6 |
7 |
8 |
10 |
|
Total |
200 |
280 |
279 |
347 |
390 |
485 |
5 Global Autonomous Mining Equipment and Vehicles Market Revenue by Types
In 2018, the revenue for each type of autonomous mining equipment and vehicles was as follows: autonomous mining trucks with $785.20 million, autonomous drilling rigs with $92.05 million, underground LHD loaders with $37.11 million, and others with $17.48 million. By 2023, the revenue increased to $1893.78 million for autonomous mining trucks, $225.31 million for autonomous drilling rigs, $94 million for underground LHD loaders, and $43.6 million for others.
The total revenue for autonomous mining equipment and vehicles from 2018 to 2023 was as follows: $931.85 million in 2018, $1,298.51 million in 2019, $1,303.42 million in 2020, $1,681.26 million in 2021, $1,851.2 million in 2022, and $2,257.49 million in 2023. The fastest growth occurred in 2021, with the total revenue increasing from $1,681.26 million in 2020 to $1,851.2 million in 2021.
Table Global Autonomous Mining Equipment and Vehicles Revenue (M USD) by Types (2018-2023)
|
|
2018 |
2019 |
2020 |
2021 |
2022 |
2023 |
|
Autonomous Mining Trucks |
785.20 |
1090.78 |
1094.16 |
1413.32 |
1552.41 |
1893.78 |
|
Autonomous Drilling Rigs |
92.05 |
128.27 |
129.22 |
167.52 |
187.56 |
225.31 |
|
Underground LHD Loaders |
37.11 |
53.35 |
53.75 |
68.61 |
75.61 |
94.74 |
|
Others |
17.48 |
26.10 |
26.29 |
31.81 |
35.62 |
43.66 |
|
Total |
931.85 |
1298.51 |
1303.42 |
1681.26 |
1851.20 |
2257.49 |
6 Global Autonomous Mining Equipment and Vehicles Market Price by Type
In 2018, the prices for each type of autonomous mining equipment and vehicles were as follows: autonomous mining trucks at $4,702, autonomous drilling rigs at $4,603, underground LHD loaders at $4,123, and others at $4,370. By 2023, the prices were $4,699 for autonomous mining trucks, $4,598 for autonomous drilling rigs, $4,119 for underground LHD loaders, and $4,366 for others.
The type of autonomous mining equipment and vehicles with the most significant price fluctuation was autonomous drilling rigs, with a price change of $1,186 from $4,603 in 2018 to $4,598 in 2023, indicating a decrease of $1,005 over the period.
Table Global Autonomous Mining Equipment and Vehicles Price (K USD/Unit) by Types (2018-2023)
|
|
2018 |
2019 |
2020 |
2021 |
2022 |
2023 |
|
Autonomous Mining Trucks |
4702 |
4681 |
4716 |
4890 |
4791 |
4699 |
|
Autonomous Drilling Rigs |
4603 |
4581 |
4615 |
4786 |
4689 |
4598 |
|
Underground LHD Loaders |
4123 |
4104 |
4134 |
4288 |
4201 |
4119 |
|
Others |
4370 |
4350 |
4382 |
4545 |
4452 |
4366 |
|
Total |
4659 |
4638 |
4672 |
4845 |
4747 |
4655 |
7 Evaluation Matrix of Segment Market Share (Application)
The application of autonomous mining equipment and vehicles with the largest market share was coal, accounting for 64.36% of the market.
In 2022, the market share for each application of autonomous mining equipment and vehicles was as follows: coal accounted for 64.36%, metal for 20.51%, and others for 15.13%.
Figure Evaluation Matrix of Segment Market Share in 2022 (Application)
8 Global Autonomous Mining Equipment and Vehicles Market Sales (Units) by Applications
In 2018, the sales for metal were 129 units, for coal were 41 units, and for others were 30 units.
In 2023, the sales for each application of autonomous mining equipment and vehicles were as follows: metal with 313 units, coal with 99 units, and others with 73 units. The application with the highest sales was metal, and the application with the lowest sales was others.
Table Global Autonomous Mining Equipment and Vehicles Sales (Units) by Applications (2018-2023)
|
2018 |
2019 |
2020 |
2021 |
2022 |
2023 | |
|
Metal |
129 |
181 |
180 |
223 |
251 |
313 |
|
Coal |
41 |
57 |
59 |
71 |
80 |
99 |
|
Others |
30 |
42 |
40 |
53 |
59 |
73 |
|
Total |
200 |
280 |
279 |
347 |
390 |
485 |
9 Global Autonomous Mining Equipment and Vehicles Market Revenue by Applications
In 2018, the revenue for metal was 609.49 million USD, for coal was 184.39 million USD, and for others was 137.97 million USD.
In 2023, the revenue for each application of autonomous mining equipment and vehicles was as follows: metal with $1,477.37 million, coal with $444.8 million, and others with $335.333 million. The application with the highest revenue was metal, and the application with the lowest revenue was others.
Table Global Autonomous Mining Equipment and Vehicles Revenue (M USD) by Applications (2018-2023)
|
|
2018 |
2019 |
2020 |
2021 |
2022 |
2023 |
|
Metal |
609.49 |
851.19 |
852.73 |
1095.65 |
1208.15 |
1477.37 |
|
Coal |
184.39 |
255.16 |
266.06 |
332.05 |
366.54 |
444.80 |
|
Others |
137.97 |
192.17 |
184.63 |
253.56 |
276.51 |
335.33 |
|
Total |
931.85 |
1298.51 |
1303.42 |
1681.26 |
1851.20 |
2257.49 |
10 Global Autonomous Mining Equipment and Vehicles Market Sales Growth Rate by Applications
From 2018 to 2023, the year with the highest growth for each application of autonomous mining equipment and vehicles was as follows: metal in 2018 with a growth rate of 40.31%, coal in 2019 with 39.02%, and others in 2023 with 23.73%. The year with the lowest growth was 2020 for metal with -0.5%, coal in 2021 with 20.34%, and others in 2019 with -4.7%.
Table Global Autonomous Mining Equipment and Vehicles Sales (Units) Growth Rate by Applications (2018-2023)
|
|
2018 |
2019 |
2020 |
2021 |
2022 |
2023 |
|
Metal |
129 |
181 |
180 |
223 |
251 |
313 |
|
Growth Rate |
|
40.31% |
-0.55% |
23.89% |
12.56% |
24.70% |
|
Coal |
41 |
57 |
59 |
71 |
80 |
99 |
|
Growth Rate |
|
39.02% |
3.51% |
20.34% |
12.68% |
23.75% |
|
Others |
30 |
42 |
40 |
53 |
59 |
73 |
|
Growth Rate |
|
40.00% |
-4.76% |
32.50% |
11.32% |
23.73% |
11 Global Forecasted Sales of Autonomous Mining Equipment and Vehicles by Type
In 2029, the sales for autonomous mining trucks were projected to be 1,269 units, for autonomous drilling rigs were 162 units, for underground LHD loaders were 73 units, and for others were 35 units. The total sales for autonomous mining equipment and vehicles in 2029 were forecasted to reach 1,539 units.
Table Global Autonomous Mining Equipment and Vehicles Sales (Units) Forecast by Types (2023-2029)
|
|
2023 |
2024 |
2025 |
2026 |
2027 |
2028 |
2029 |
|
Autonomous Mining Trucks |
403 |
484 |
606 |
739 |
883 |
1078 |
1269 |
|
Autonomous Drilling Rigs |
49 |
60 |
75 |
94 |
113 |
137 |
162 |
|
Underground LHD Loaders |
23 |
28 |
35 |
42 |
51 |
62 |
73 |
|
Others |
10 |
13 |
16 |
20 |
24 |
29 |
35 |
|
Total |
485 |
585 |
732 |
895 |
1071 |
1306 |
1539 |
