Blasting Automation Services Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2019 - 2029

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Blasting Automation Services Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2019 - 2029

Status : June, 2021 | Technology & Media

Report Digest

Global Blasting Automation Services Market – Overview

The use of the new age technology to automate blasting operations helps mine owners to better the productivity and free key resources for critical tasks. The need for natural resources is asking miners to carry out operations in different geographies that is consequently leading to higher in-ground stress. All these factors are thus working in favor of development of the global blasting automation services market.

Global Blasting Automation Services Market – Notable Developments

Some of the recent developments in the global blasting automation services market are given below:

  • In November 2019, Orica Limited and Epiroc Rock Drills AB announced that the two companies would develop a semi-automatic explosive delivery system to ensure a more productive and safe blasting environment in mines.
  • Orica Limited implemented the WebGen wireless initiation technology in Australian mines in 2018 to help in eliminating the constraints associated with wired connections, enhancing productivity, and improving the safety standards.
  • In November 2019, ABB collaborated with its partners to offer autonomous mining robotics solutions to detect and charge blasting holes with explosives automatically.
  • In July 2020, Epiroc Chile collaborated with Antofagasta Minerals to automate the entire operations drill rig fleet at the Los Pelambres copper mine.

Some of the key players in the global blasting automation services market are Autonomous Solutions, Inc., iRing Inc., Orica Limited, MineWare Pty Ltd., and Dyno Nobel among others.

Global Blasting Automation Services Market – Drivers and Restraints

There are several factors that are proving helpful for driving the growth of the global blasting automation services market. One of the biggest driving factors for the overall development of the global market has been the increasing adoption rate of new age technology by the mining companies. These companies are adopting cutting edge tools to reduce the costs of mining and also improve their profit margins. They have started to include detailed analysis and malicious activity alerts in their service automation portfolio for blasting operations. This helps in better management of the overall mining activities.

Emergence and adoption new technologies such as artificial intelligence, machine learning, and Internet of Things have also massively helped the development of the global blasting automation services market. The use of IoT sensors in drilling equipment is especially gaining popularity because of its capacity to gather important data regarding compressive strength, faults, fractures, density, and spaces between ores and rocks.

Global Blasting Automation Services Market – Geographical Outlook

The global blasting automation services market is segmented into five key regional segments viz. North America, Latin America, Asia Pacific, Europe, and the Middle East and Africa. Of these, currently the global blasting automation services market is being dominated by the regional segment of Asia Pacific. The region accounted for over a quarter of the revenue in recent years. The growth of the Asia Pacific market can be mainly attributed to the presence of several mines in the countries such as India, China, and Australia. Australia and China in particular are home to several gold, coal, and iron mines. Thus, local blasting service providers are preferring to work together with the automation service providers to give high quality blasting automation services to the local mines. On the other hand, the regional segment of North America is also expected to witness a promising rate of growth in the coming years of the forecast period. Early adoption of new age technology to help the market development.

This study provides a particularized anatomy according to the L.E.A.P mechanism

  • Latest trends and cardinal growth prospects
  • Existing and future insights in growth
  • Ascensions in technology
  • Pain points

The regional analysis offers market assays across:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The study, prepared through the L.E.A.P mechanism adds a dimension of infallibility and assures precise information on all the growth dynamics.

Latest Trends and Cardinal Growth Prospects

The study assists in burnishing the knowledge of the stakeholder in terms of the emerging trends. The study provides an expansive coverage on the latest developments and novel profit-yielding sources that augur well with the market. A dedicated and determined team of experts conduct an out-and-out research on diverse aspects to offer ultimate breakthroughs in the market.

Existing and Future Insights in Growth

The interfusion of ubiquitous primary and secondary research through modern tools invites perfection and accuracy in every aspect. Primary research is circumspectly conducted through exhaustive interactions and interviews of experts. These valuable opinions are then neatly inducted in the report to allow the stakeholder for reaping the benefits. A treasure of secondary data is extracted via famed paid sources, yearly estimates and statements, renowned journals, and government documents. These sources assist in creating a robust database comprising existing and subsequent growth dynamics.

Ascensions in Technology

Diverse technological advancements and cutting-edge innovations in the market have been covered in this study to assist the stakeholder in research and development activities. Recent upgrades have also been added in the study, thus helping the stakeholder to paint the strokes of growth on the canvas of the market.

Pain Points

The study presents a plethora of challenges and obstacles that can hinder the growth of the market to allow the stakeholder to prepare their strategies accordingly.

The world ushered in the new decade with the shadow of the COVID-19 pandemic. The outbreak has damaged the growth prospects of several businesses and has crippled the entire economy. The study is in tandem with the changing dynamics of the market due to the SARS-CoV-2 outbreak. The study focuses on the coronavirus pandemic and analyses every aspect that impacts the growth positively or negatively.

An aerial perspective of the regions covered in this study enables the stakeholder to design strategies accordingly. The 360-degree assessment of every aspect associated with growth offers information on a rainbow of growth opportunities available across the market.

The exhaustive study motivates the stakeholder to take the 'LEAP' of faith and achieve success!

This report is the key to questions such as:

What are the prominent factors that will help in reshaping the market growth?

Which trends have the potential to bring expansive growth for the market?

What are the necessary strategies to overcome the ill-effects of the COVID-19 pandemic?

Which regions will emerge as champion growth contributors for the market?

Which aspects will serve as game-changers for the market?

What are the latest innovations in the market?

Which factors will hinder the growth of the market?