Global Autonomous Mining Truck Market 2021-2026

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    GLOBAL AUTONOMOUS MINING TRUCK MARKET

     

    INTRODUCTION

    One of the key study and application areas of artificial intelligence is automation in the mining sector. It is also one of the primary areas where autonomous vehicle technology is being developed.

     

    To achieve autonomous driving, researchers collaborate with experts from a variety of disciplines, including computer science, mechanical engineering, mathematics, and even psychology, among others.

     

    With the present rate of technology advancement, it is unavoidable that autonomous driving will become a reality in many domains, including mining and public and private transportation, in the near future.

     

    The logistics mining industry is also undergoing a similarly massive paradigm shift: autonomous road freight.

     

    The technology involved has the potential to drastically reduce the cost of delivering products across land, a development that might underlie what turns out to be the most pervasive impact of self-driving technologies on the lives of many people.

     

    Developing appropriate legislative frameworks will be critical for supporting the deployment of self-driving cars (AV).

     

    In order to build these frameworks, all parties, from truck manufacturers and technology suppliers to governments and civil society, will need to cooperate together. Trucks are rapidly incorporating new technology elements to promote safety.

     

    infographic: Autonomous Mining Truck Market, Autonomous Mining Truck Market Size, Autonomous Mining Truck Market Trends, Autonomous Mining Truck Market Forecast, Autonomous Mining Truck Market Risks, Autonomous Mining Truck Market Report, Autonomous Mining Truck Market Share

    There has been an underlined relevance of autonomous vehicles (AVs) for future urban logistics development. According to researchers, these developments in the vehicle sector have the potential to considerably alleviate transportation and logistics-related difficulties in complex metropolitan environments.

     

    The vehicle sector is developing new technologies for autonomous trucks and automobiles, often known as automated or self-driving vehicles, which are expected to be deployed gradually and acquire market share.

     

    When it comes to commercial success, the advantages, and costs to society as a whole are critical not only for the technology’s success.

     

    GLOBAL AUTONOMOUS MINING TRUCK MARKET DEVELOPMENTS AND INNOVATIONS

    S No Overview of Development Development Detailing Region of Development Possible Future Outcomes
    1 Vale deploys six autonomous haul trucks at Brazilian iron ore complex Brazilian miner Vale had deployed six self-driving trucks at its Carajas iron ore complex in the Brazilian state of Pará. The deployment follows the trials of the autonomous trucks, which is designed to haul 320 metric tonnes at a time, in an isolated area in Carajás since 2019. Last week, the firm successfully completed the final testing phase of the trucks designed to haul iron ore at the N4E mine. Brazil This would enhance better Emission Controls

     

    GLOBAL AUTONOMOUS MINING TRUCK MARKET DYNAMICS

    The need for autonomous haulage systems (AHS) is increasing as large mining firms begin to install AHS to improve mining operations’ efficiency, safety, and maintenance.

     

    Mining Technology lists the top providers of AHS solutions for the mining industry. Mining businesses may use autonomous technologies to assist improve safety and overall production at mine sites.

     

    By reducing the number of humans necessary near mining equipment, the technology automates haulage processes and decreases the danger of casualties at mine sites.

     

    AHS reduces the number of breaks and shift changes associated with the usage of manned machinery in mining operations, allowing for higher equipment availability.

     

    The prolonged slump in the mining industry has put significant pressure on mining businesses to decrease costs and enhance efficiency. One approach that is gaining traction is the use of autonomous driving for dump trucks.

     

    Making dump trucks autonomous provides the potential for cost savings as well as rationalization through coordinated process management of central control systems.

     

    Furthermore, autonomous mining trucks are especially designed for usage in high-production mining and are utilized to transport mine waste and ore.

     

    In addition, the trucks operate using infrared radars, LIDAR, cameras, sensors, complicated algorithms, and other technologies. Furthermore, the vehicle employs the global positioning system (GPS) for fleet applications.

     

    Manufacturers are investing in technological development as the popularity of autonomous mining vehicles grows.

     

    The market for autonomous mining trucks is being driven by the mining industry’s expansion and increased demand for metals. Furthermore, autonomous mining trucks help to reduce the labour and pay necessary for operations, lowering total costs.

     

    Furthermore, autonomous mining trucks boost job efficiency since they can operate for extended periods of time without stopping. Furthermore, the development of new mining sites for energy production operations is expected to accelerate market expansion.

     

    However, increased cybercrime is limiting the growth of the autonomous mining truck industry. Furthermore, rising government spending on mining projects is fuelling market expansion.

     

     

    GLOBAL AUTONOMOUS MINING TRUCK MARKET SEGMENTATION

    The Global Autonomous Mining Truck Market can be segmented into following categories for further analysis.

    By Truck Application

    • Surface Mines
    • Underground Mines

     

    By Truck Haulage Type

    • Long Haulage Trucks
    • Short Haulage Trucks
    • Medium Haulage Trucks

     

    By Type of Autonomy

    • Level 1
    • Level 2
    • Level 3
    • Level 4

     

    By Regional Classification

    • Asia Pacific Region – APAC
    • Middle East and Gulf Region
    • Africa Region
    • North America Region
    • Europe Region
    • Latin America and Caribbean Region

     

    RECENT TECHNOLOGICAL TRENDS IN GLOBAL AUTONOMOUS MINING TRUCK MARKET

    Internet of Technology has been integrated into the systems of enhancement for the trucks moving across in Europe. The Internet of Things (IoT) is a network of gadgets, vehicles, and appliances that can actively communicate data.

     

    The Internet of Things (IoT) combines numerous technologies such as sensors, radio frequency identification, and GPS into a single category.

     

    GPS connection, for example, may be adapted to different conditions to provide unique answers. Industry leaders can enhance their mining techniques and make their processes more effective by utilizing IoT. The mining sector is increasingly embracing the internet of things (IoT).

     

    There has been integration of various levels of requirements which includes the ease of access and usage amongst the market manufacturers.

     

    It is a robotic component system that readily integrates into any haul truck, transforming it from manual to robotic operation.

     

    Nav uses the truck’s existing CAN Bus technology to guide vehicle operations because most current haul trucks are operated via wire. Nav can manage the gearbox, steering, acceleration, braking, dump bed, and monitor real-time vehicle health indicators in this manner.

     

    The on-board computer supervises vehicle functions and transmits real-time vehicle status and health information to the remote user.

     

    Vantage software and sensors increase robotic vehicle safety by starting to avoid or see-and-stop behaviour when vehicles approach problems in the surroundings.

     

    Hitachi Construction Machinery’s EH-3 series of mining dump trucks offer vehicle stability control as well as alternating-current (AC) drive control with a high degree of driving and handling performance.

     

    Because this maintains vehicle stability on slick road surfaces or during sudden starts or decelerations, AHS conversion is as simple as installing an AHS add-on unit with an interface consisting solely of accelerator and steering inputs, converting the dump truck from driver-operated to autonomous driving.

     

     

    AUTONOMOUS MINING TRUCK MARKET COMPETITIVE LANDSCAPE

    Several companies have developed and implemented camera monitor systems to provide the drivers with additional FOV. These systems can range from simple rear or front view cameras to 360 degrees bird view images to facilitate drivers’ awareness of the surroundings.

     

    Continental, Volkswagen, and Stoneridge have developed concepts for digital rear-view mirrors with displays mounted inside the truck cab.

     

    Indurad has been successful in development of new and latest technologies of autonomy within the mining trucks to provide better efficiency and operational capabilities.

     

    iTruck autonomous haulage system (AHS) on Bell Equipment articulated dump trucks (ADTs) in an Austrian mining site owned by Voestalpine.

     

    The iTruck technology provides total autonomy along optimum courses, allowing it to respond dynamically to changing mine site circumstances.

     

    It actively avoids collisions with smaller debris, thanks to a dynamically updated environmental map and a one-of-a-kind sensing technology.

     

    It improves safety and productivity by using robust multi-sensor positioning and intelligent management of complicated vehicle kinematics such as articulated machines. The precision allows for mobility into tiny crusher entrances or highway portions at high speeds.

     

    Caterpillar is involved in development of AHS requirements within the operational capabilities wherein, the haulage and mining machinery autonomy has been the major focus.

     

    Caterpillar, a multinational construction machinery and equipment firm headquartered in the United States, provides Cat MineStar Command for hauling, allowing miners to move more material with fewer employees on site.

     

    The AHS solution allows for greater efficiency and near-continuous operation. The tried-and-true technique may be used on mines of all sizes, locations, and complexity.

     

    Mine operational expenses are reduced by 20%, productivity is increased by 30%, and safety-related accidents are reduced by 50%.

     

    It provides near-continuous operation, facilitates interaction with other current systems, and aids in the reduction of downtime by notifying maintenance employees to machine faults.

     

     

    AUTONOMOUS MINING TRUCK MARKET COMPANIES PROFILED

     

    Sl no Topic
    1 Market Segmentation
    2 Scope of the report
    3 Abbreviations
    4 Research Methodology
    5 Executive Summary
    6 Introduction
    7 Insights from Industry stakeholders
    8 Cost breakdown of Product by sub-components and average profit margin
    9 Disruptive innovation in the Industry
    10 Technology trends in the Industry
    11 Consumer trends in the industry
    12 Recent Production Milestones
    13 Component Manufacturing in US, EU and China
    14 COVID-19 impact on overall market
    15 COVID-19 impact on Production of components
    16 COVID-19 impact on Point of sale
    17 Market Segmentation, Dynamics and Forecast by Geography, 2021-2026
    18 Market Segmentation, Dynamics and Forecast by Product Type, 2021-2026
    19 Market Segmentation, Dynamics and Forecast by Application, 2021-2026
    20 Market Segmentation, Dynamics and Forecast by End use, 2021-2026
    21 Product installation rate by OEM, 2021
    22 Incline/Decline in Average B-2-B selling price in past 5 years
    23 Competition from substitute products
    24 Gross margin and average profitability of suppliers
    25 New product development in past 12 months
    26 M&A in past 12 months
    27 Growth strategy of leading players
    28 Market share of vendors, 2021
    29 Company Profiles
    30 Unmet needs and opportunity for new suppliers
    31 Conclusion
    32 Appendix

     

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