How big is the connected mining market | Industry Trends & Future Outlook

Q: What is the current size of the connected mining market?

The connected mining market was valued at USD 10.8 Billion in 2024 and is projected to reach USD 25.7 Billion by 2031.

Q: What is the growth rate of the connected mining market?

The market is anticipated to grow at a CAGR of 13% between 2025 and 2031.

Q: Which components contribute the most to the connected mining market?

IoT sensors, fleet telematics, wearable safety devices, autonomous vehicles, and analytics platforms are major contributors.

Q: What is driving demand in the connected mining market?

Demand is driven by safety requirements, operational efficiency, predictive analytics, and regulatory compliance.

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6W monitors the market across 60+ countries Globally, publishing an annual market outlook report that analyses trends, key drivers, Size, Volume, Revenue, opportunities, and market segments. This report offers comprehensive insights, helping businesses understand market dynamics and make informed decisions.

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Code: MTA5937

Publication Date: Jul 2025

How big is the Connected Mining Market?

According to 6Wresearch internal database and industry insights, the Global Connected Mining Market was valued atUSD 10.8 Billion in 2024 and is expected to reachUSD 25.7 Billion by 2031, growing at a compound annualgrowth rate of 13.00% during the forecast period (2025-2031).

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The market is expanding rapidly due to rising adoption of IoT platforms, automation technologies, and real-time analytics across mining operations.

Key Growth Drivers of the Connected Mining Market

Increasing demand for automation and remote monitoring in mining operations
Integration of IoT sensors, drones, and autonomous vehicles
Focus on safety improvement and predictive equipment maintenance
Government policies enforcing operational transparency and environmental compliance
Use of data analytics for efficiency, cost reduction, and productivity enhancement

Connected Mining Market Trends

The connected mining market is witnessing strong traction as mining companies invest in remote monitoring of equipment, fleet telematics, and predictive maintenance platforms. Autonomous haul trucks, drones for aerial mapping, and wearable sensors for worker safety are becoming mainstream. Cloud-based dashboards and mobile apps are delivering real-time performance data to decision-makers. Integration of AI with sensor data is enabling fault prediction, optimizing drilling paths, and improving energy efficiency.

Emerging Developments in the Connected Mining Market

The connected mining market is changing where edge computing is implemented in order to process sensor data on-premises and reduce latency. Virtual simulation of operations and scenario planning in the mine is developing with the implementation of digital twin platforms. The combination of wearable physiological monitors and environmental activity trackers is making workers safer. Firms are implementing blockchain traceability and compliance on their supply chain. End-to-end connected solutions are being provided by collaborative ecosystems between mining companies, IoT providers, and analytics vendors of systems.