Connected Mining Market Size, Share & Trends Analysis Report By Component (Solution, Services), By Deployment (On-premise, Cloud), By Enterprise Size, By Mining (Surface, Underground), By Application, By Region, And Segment Forecasts, 2025 - 2030

Connected Mining Market Size & Trends

The global connected mining market size was estimated at USD 17.26 billion in 2024 and is projected to grow at a CAGR of 11.0% from 2025 to 2030. The rising demand for operational efficiency and productivity drives the growth of the market. Mining operations are typically complex, capital-intensive, and involve multiple moving parts, from exploration and drilling to transportation and refining. Traditionally, inefficiencies, delays, and breakdowns were common due to limited data visibility and manual interventions. Connected mining leverages technologies such as real-time monitoring, automation, and data analytics to streamline these operations.

By enabling predictive maintenance, optimized resource allocation, and reduced downtime, connected systems help mining companies enhance productivity while lowering operational costs.

The widespread adoption of the Industrial Internet of Things (IIoT) and automation in the mining sector drives the growth of the market. IIoT integrates sensors, connected devices, and software to collect and analyze real-time data across mining equipment and facilities. This enhances visibility and enables mining companies to take proactive actions, such as scheduling maintenance before a machine fails or redirecting equipment to high-yield zones.

In addition, automation, ranging from autonomous haul trucks to remote-controlled drilling rigs, improves efficiency and safety while minimizing the need for manual labor, especially in hazardous environments. As the mining industry increasingly relies on automation to overcome labor shortages and harsh working conditions, the IIoT-backed connected mining segment is witnessing significant investment.

Moreover, growing investments in digital and smart mining projects are driving the growth of the market. Countries rich in mineral resources, such as Australia, Canada, Chile, and South Africa, are seeing substantial investments in digital transformation initiatives. Leading mining companies are forming partnerships with technology providers to build intelligent mines that integrate robotics, AI, and analytics into every stage of the operation. These efforts improve ROI and set industry benchmarks that others are motivated to follow. This wave of investment is a strong indicator of long-term commitment to connected mining technologies.

However, high initial capital investments and integration costs restrain the growth of the market. Implementing advanced solutions such as IoT sensors, autonomous equipment, data analytics platforms, and high-speed connectivity infrastructure requires substantial capital. Many mining companies, particularly small and mid-sized operators, may find it financially burdensome to justify these investments without guaranteed returns. In addition, the cost of integrating these technologies with existing legacy systems can be high, requiring system overhauls, extensive training, and new IT frameworks.

Component Insights

The solutions segment held the largest revenue share of 77.6% in 2024. The heightened focus on worker safety and regulatory compliance fuels the growth of the segment. Mining is a hazardous industry, often plagued by accidents, equipment failures, and dangerous working conditions. Connected mining solutions help improve safety through technologies such as real-time location tracking, gas detection sensors, wearable health monitors, and geofencing alerts. These tools reduce the risk of accidents and assist mining companies in complying with stringent safety regulations.

The services segment is expected to grow at the fastest CAGR during the forecast period. Increasing demand for remote monitoring and predictive maintenance services fuels the growth of the segment. These services enable mining operators to keep track of equipment health and performance in real time, reducing unexpected downtime and improving asset utilization. Predictive maintenance services, in particular, help identify equipment failures before they occur, minimizing costly disruptions and extending machinery lifespan.

Deployment Insights

The on-premise segment held the largest market share in 2024. Limited and unreliable connectivity in remote mining locations fuels growth of the segment. Many mining operations are located in remote or geographically challenging areas, where access to high-speed internet and cloud infrastructure is inconsistent or completely unavailable. In such locations, cloud-based systems may suffer from latency, interruptions, or unavailability, which could severely hinder real-time monitoring, communication, or equipment automation. On-premise deployments, by contrast, can function reliably without dependence on continuous internet connectivity, making them well-suited to off-grid or low-bandwidth environments.

The cloud segment is expected to grow at the fastest CAGR during the forecast period. Faster deployment and integration capabilities fuel growth of the segment. Cloud solutions typically offer quicker deployment and easier integration with existing mining systems, which accelerates digital transformation initiatives. Many cloud platforms are designed with APIs and plug-and-play capabilities that simplify the connection with IoT devices, fleet management systems, and analytics tools. This reduces the time and resources required to get connected mining applications up and running.

Enterprise Size Insights

The large enterprise segment dominated the market in 2024. Greater financial capacity to invest in digital transformation fuels adoption among large enterprises. Large mining enterprises typically have substantial financial resources at their disposal, enabling them to invest in advanced connected mining technologies such as IoT-enabled equipment, autonomous haulage systems, and AI-driven analytics platforms. These capital-intensive solutions often involve significant upfront costs for infrastructure, integration, and training.

The SMEs are projected to grow at the fastest CAGR over the forecast period. The rising adoption of cloud-based solutions fuels adoption among SMEs. With cloud-based platforms, SMEs can avoid large upfront capital investments in IT infrastructure and instead opt for subscription-based models that align with their cash flow. Cloud solutions also simplify software updates, system maintenance, and data security, which are often difficult for SMEs to manage independently. The increasing trust in secure, managed cloud services has encouraged more small-scale mining firms to embrace digital platforms and compete with larger players on a more equal footing.

Mining Insights

The surface segment dominated the market in 2024. Easier technology implementation compared to underground mining fuels growth of the market. Surface mining environments are generally less technically challenging for deploying wireless networks and digital systems compared to underground mining. Signals from GPS and Wi-Fi can be more easily transmitted in open areas, which simplifies the integration of IoT sensors, drones, and remote monitoring systems. This accessibility reduces the upfront infrastructure costs and operational complexity associated with connected mining, making it a more attractive investment for surface mine operators.

The underground segment is projected to grow at the fastest CAGR over the forecast period. Demand for enhanced safety and hazard mitigation drives growth of the market. Underground mining is inherently hazardous, with risks including cave-ins, gas leaks, poor ventilation, and equipment collisions. Connected mining solutions offer real-time monitoring and safety automation that significantly reduce these risks. IoT sensors can continuously track air quality, temperature, vibration, and structural integrity, issuing automatic alerts to operators when conditions become unsafe.

Application Insights

The processing & refining segment dominated the market in 2024. Enhanced process automation and remote operations boost the growth of the market. With the push for digital transformation, many mining companies are transitioning from manual to fully or semi-automated processing plants. Connected mining technologies provide the backbone for remote control and autonomous operation of refining equipment. This is particularly beneficial in regions where access to skilled labor is limited or where safety concerns necessitate reducing on-site personnel.

The transportation segment is projected to grow at the fastest CAGR over the forecast period. Mining operations often rely on large-scale haulage of materials from extraction points to processing or shipping areas. The traditional approach is labor-intensive and prone to inefficiencies such as bottlenecks, idle time, and fuel wastage. Connected mining technologies address these issues by providing real-time fleet management systems that monitor and optimize truck routes, fuel usage, payloads, and idle times. By integrating GPS, telematics, and onboard diagnostics, these systems ensure smoother material flow, reduce operational costs, and significantly improve productivity in the transportation segment of mining.

Regional Insights

The North America connected mining industry held a significant share in 2024. Labor shortages, rising operational costs, and fluctuating commodity prices are prompting North American miners to automate their operations and optimize costs. Connected mining solutions enable predictive maintenance, efficient resource allocation, and remote equipment management, all of which reduce overhead and improve margins. These capabilities are particularly important in underground and remote mining operations common in Canada and parts of the U.S., where operational costs tend to be higher.

U.S. Connected Mining Market Trends

The U.S. connected mining industry held a dominant position in 2024. The U.S. has one of the most advanced technology infrastructures in the world, providing a solid foundation for rapid deployment of connected mining solutions. With widespread access to cloud computing, edge devices, 5G connectivity, and AI-powered analytics, mining companies in the U.S. are increasingly leveraging these technologies to modernize their operations.

Europe Connected Mining Market Trends

The Europe connected mining industry was identified as a lucrative one in 2024. Europe is at the forefront of global efforts to promote sustainable industrial practices, and this focus is significantly driving the growth of connected mining technologies. The European Union’s Green Deal and various national regulations demand that mining operations minimize their environmental impact, reduce emissions, and ensure safe labor conditions.

The UK connected mining industry is expected to grow rapidly in the coming years. The UK mining industry is facing challenges in attracting and retaining skilled labor, particularly for physically demanding and hazardous roles. As a result, there is a growing reliance on automation and remote operations, which are powered by connected mining technologies. By using remote-controlled equipment, digital twins, and centralized command centers, companies can maintain productivity with fewer on-site personnel.

Asia Pacific Connected Mining Market Trends

The Asia Pacific connected mining industry accounted for a 42.8% share of the overall market in 2024. Countries such as China, India, and Indonesia are experiencing rapid industrialization and urbanization, leading to a surge in demand for minerals and metals essential for construction, automotive, electronics, and renewable energy sectors. This escalating demand necessitates the adoption of connected mining technologies to enhance operational efficiency and meet production targets.

The Japan connected mining industry is expected to grow rapidly in the coming years. The Japanese government is actively promoting digital transformation (DX) across all industries, including natural resources and mining. Policies such as the Society 5.0 initiative aim to integrate cyber-physical systems into traditional industries. Through public-private partnerships and funding incentives, the government is encouraging mining and industrial companies to adopt smart infrastructure, cloud-based platforms, and autonomous systems. This support lowers entry barriers and boosts confidence among traditional mining operators to invest in connected mining solutions.

The China connected mining industry held a substantial market share in 2024. China is the world’s largest consumer and producer of many minerals, including coal, copper, rare earth elements, and lithium. With the growing demand for these resources driven by the country’s industrialization, technological development, and clean energy initiatives, Chinese mining companies are looking for ways to increase production efficiency and ensure secure supply chains. Connected mining technologies, such as IoT sensors, autonomous trucks, and AI-based predictive maintenance, allow for real-time monitoring of mine operations and assets, which is critical for meeting the increasing demand while improving resource utilization.

Key Connected Mining Company Insights

Some of the key companies in the connected mining industry include Caterpillar, ABB, Genesys, Accenture, Cisco Systems, Inc., and others. Organizations are focusing on increasing their customer base to gain a competitive edge in the industry. Therefore, key players are taking several strategic initiatives, such as mergers and acquisitions, and partnerships with other major companies.

• Caterpillar is a provider of connected mining, offering advanced technologies that enhance safety, efficiency, and sustainability in mining operations. Central to its offerings is the Cat MineStar suite, which includes capabilities such as Fleet, Terrain, Detect, Health, and Command. These tools provide real-time data and analytics, enabling operators to monitor equipment health, automate haulage, and improve precision in drilling and blasting activities.

• Accenture is a professional services company with expertise in digital transformation, including in the mining sector. In the domain of connected mining, Accenture offers its "Connected Mine" solution, which integrates mobile, cloud, and analytics technologies to enhance operational efficiency and safety in mining operations. This platform provides real-time data and analytics, enabling mining companies to monitor equipment health, automate processes, and improve decision-making.

Recent Developments

• In April 2025, Hitachi Construction Machinery Co., Ltd. launched the LANDCROS Connect Insight solution, a cutting-edge digital tool designed to enhance the efficiency of mining operations globally. This solution collects and analyzes near-real-time operational data from mining machinery, enabling dealers and customers to monitor equipment status, fuel consumption, location, and output through an intuitive dashboard. Building on the company’s previous ConSite Mine service, LANDCROS Connect Insight offers higher resolution data and advanced predictive analytics to diagnose asset health, detect anomalies early, and forecast potential failures. 

• In September 2024, ABB introduced a new suite of service offerings aimed at boosting productivity and simplifying maintenance for critical mining assets. This expansion builds on ABB’s existing ABB Care program by adding specialized services for Mining Automation and Hoisting, combining ABB’s deep mining expertise with advanced digital technologies to help customers transition from traditional reactive maintenance to proactive, predictive approaches.

Connected Mining Market Report Scope

Global Connected Mining Market Report Segmentation

This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2018 to 2030. For this study, Grand View Research has segmented the global connected mining market report based on component, deployment, enterprise size, mining, application, and region.

• Component Outlook (Revenue, USD Billion, 2018 - 2030)

  • Solution

  • Services

• Deployment Outlook (Revenue, USD Billion, 2018 - 2030)

  • On-premise

  • Cloud

• Enterprise Size Outlook (Revenue, USD Billion, 2018 - 2030)

  • Large Enterprises

  • Small & Medium Enterprises

• Mining Outlook (Revenue, USD Billion, 2018 - 2030)

  • Surface

  • Underground

• Application Outlook (Revenue, USD Billion, 2018 - 2030)

  • Exploration

  • Processing & Refining

  • Transportation

• Regional Outlook (Revenue, USD Billion, 2018 - 2030)

  • North America

    • U.S.

    • Canada

    • Mexico

  • Europe

    • Germany

    • UK

    • France

  • Asia Pacific

    • China

    • Japan

    • India

    • South Korea

    • Australia

  • Latin America

    • Brazil

  • Middle East and Africa (MEA)

    • KSA

    • UAE

    • South Africa