According to the new market research report "Mining Automation Market by Technique, Type (Equipment, Software, Communications System), Equipment (Autonomous Hauling/Mining Trucks, Autonomous Drilling Rigs, Underground LHD Loaders, Tunneling Equipment) and Region - Global Forecast to 2023", The mining automation market is expected to grow from USD 2.22 Billion in 2017 to reach USD 3.29 Billion by 2023, at a CAGR of 6.77% between 2017 and 2023. Key factors such as the increasing need for worker safety, improving productivity, and reducing overall operational costs are driving the mining automation market growth.
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The underground mining automation market to hold the largest share between 2017 and 2023
An underground mining technique is used to extract the mineral and ore deposits, which are buried deep under the earth’s crust.