Mining Drone Trends and Forecast
The future of the global mining drone market looks promising with opportunities in the inspection & monitoring, drilling & blasting, hauling optimization, and general project oversight markets. The global mining drone market is expected to grow with a CAGR of 20.4% from 2024 to 2030. The major drivers for this market are enhanced operational efficiency and cost reduction, increasing safety concerns and regulatory compliance requirements, and technological advancements in drone capabilities.
• Lucintel forecasts that automated drone is expected to witness the higher growth over the forecast period.
• Within this market, inspection & monitoring is expected to witness the highest growth.
• North America is expected to witness highest growth over the forecast period.
United States: In 2023, Kespry announced a partnership with DroneBase to expand its aerial intelligence solutions for mining, aiming to enhance operational efficiency and safety across US mining sites.
Australia: In early 2024, Emesent launched its latest autonomous drone technology, Hovermap ST-X, designed to improve underground mine mapping and data collection, targeting increased productivity for Australian mining companies.
Canada: In late 2023, the Canadian government introduced new regulations to support the integration of drones in mining operations, facilitating innovation and efficiency, with companies like Goldcorp actively adopting drone tech for site surveys.
South Africa: Anglo American unveiled a new drone-based monitoring system in 2023, targeting enhanced safety and operational oversight in its South African mines, aligning with national efforts to leverage technology for mining industry advancements.
A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below.
Mining Drone by Segment
The study includes a forecast for the global mining drone by type, application, and region.
Mining Drone Market by Type [Shipment Analysis by Value from 2018 to 2030]:
• Automated Drones
• Manual Remote Control Drones
Mining Drone Market by Application [Shipment Analysis by Value from 2018 to 2030]:
• Inspection & Monitoring
• Drilling & Blasting
• Hauling Optimization
• General Project Oversight
• Others
Mining Drone Market by Region [Shipment Analysis by Value from 2018 to 2030]:
• North America
• Europe
• Asia Pacific
• The Rest of the World
List of Mining Drone Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies mining drone companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the mining drone companies profiled in this report include-
• Delair
• Wingtra
• Flyability
• AgEagle Aerial Systems
• Autel Robotics
• Skydio
• Insitu
Recent Development in the Mining Drone Market
DJI: Advanced Drone Technology Integration
DJI, a leading drone manufacturer, has been advancing its drone technology specifically for the mining sector. The company has integrated high-resolution cameras and LiDAR sensors to improve mapping accuracy and efficiency in mineral exploration. This allows mining companies to perform detailed site analysis and monitor operations with greater precision.
Kespry: AI-Driven Data Analytics
Kespry has introduced AI-driven data analytics for its mining drones, enhancing their capability to process and interpret aerial data. The company’s drones now offer advanced features like automated volume measurement and real-time data processing, which help mining companies optimize their resource management and operational planning.
Delair: Long-Range Surveying Solutions
Delair has developed long-range drone solutions designed for extensive mining surveys. Their latest models can cover larger areas with extended flight times and provide high-resolution imagery for terrain mapping and environmental monitoring. This development is particularly beneficial for large-scale mining operations that require comprehensive site assessments.
Flyability: Indoor Inspection Drones
Flyability has launched indoor inspection drones tailored for underground mining environments. These drones are equipped with collision-tolerant technology, allowing them to navigate and inspect confined spaces and hazardous areas without risking human safety. This innovation enhances the safety and efficiency of underground mining operations.
Propeller Aero: Cloud-Based Data Platforms
Propeller Aero has introduced cloud-based data platforms for mining drones, enabling seamless data upload and analysis. Their solutions allow mining companies to access, share, and analyze aerial data in real-time from any location. This development facilitates better decision-making and collaboration across different teams and sites in the mining industry.
Features of the Global Mining Drone Market
Market Size Estimates: Mining drone market size estimation in terms of value ($B).
Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
Segmentation Analysis: Mining drone market size by type, application, and region in terms of value ($B).
Regional Analysis: Mining drone market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
Growth Opportunities: Analysis of growth opportunities in different types, application, and regions for the mining drone market.
Strategic Analysis: This includes M&A, new product development, and competitive landscape of the mining drone market.
Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
FAQ
Q1. What is the growth forecast for mining drone market?
Answer: The global mining drone market is expected to grow with a CAGR of 20.4% from 2024 to 2030.
Q2. What are the major drivers influencing the growth of the mining drone market?
Answer: The major drivers for this market are enhanced operational efficiency and cost reduction, increasing safety concerns and regulatory compliance requirements and technological advancements in drone capabilities.
Q3. What are the major segments for mining drone market?
Answer: The future of the mining drone market looks promising with opportunities in the inspection & monitoring, drilling & blasting, hauling optimization, and general project oversight markets.
Q4. Who are the key mining drone market companies?
Answer: Some of the key mining drone companies are as follows:
• Delair
• Wingtra
• Flyability
• AgEagle Aerial Systems
• Autel Robotics
• Skydio
• Insitu
Q5. Which mining drone market segment will be the largest in future?
Answer: Lucintel forecasts that automated drone is expected to witness the higher growth over the forecast period.
Q6. In mining drone market, which region is expected to be the largest in next 5 years?
Answer: North America is expected to witness highest growth over the forecast period.
Q7. Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% customization without any additional cost.
This report answers following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the mining drone market by type (automated drones and manual remote control drones), application (inspection & monitoring, drilling & blasting, hauling optimization, general project oversight, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?
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