The Global Gold Mining Technology Market was valued at US$ 214.9 billion in 2021 and is predictable to reach US$ 285.1 billion by 2030 which is projected to attain a CAGR of 3.2 % during the forecast period from 2021- 2030.
Swift development of technology, automation, and digitalization have created a huge impact on the mining sector. China accounts for the highest gold producer in 2020 across the world, accounting for 11% of total annual production. Moreover, the Asia region altogether produces 23% of newly mined gold, Central & South America produce nearly 17%, North America supplies nearly 16%, 19% of production comes from Africa, and commonwealth independent countries produce nearly 14%.
Further, emerging technologies such as machine learning, IoT, AI, robotics among others have changed the conventional chain operations or processes being carried out. Such advanced technologies have helped in diverse operations such as ore exploration, final ore processing which acts as a positive outcome for the growth of the global gold mining technology market during the forecast period. Such technology aids the mining companies to lessen the risks, improve efficiency, and minimize expenses.
However, mine production and gold mining don’t respond rapidly. Product development timeline and mine lifecycle is a very lengthy process and frequently takes years to shift from discovery to production. Further, the cost of mining activities is tremendously huge which is expected to hinder the global market.
The Global Gold Mining technology is segmented by technology, end-user, and region. Based on technology, it is categorized into hard rock mining, recycling, placer mining, and bio-mining. By end-use, it bifurcates into jewelry, investment, central banks, and technology.
Based on regional insights, the global gold mining technology market is categorized into North America (US, Canada, Mexico, Rest of America), Asia Pacific (India, China, Rest of Asia Pacific), Europe (UK, Germany, Russia, Rest of Europe) and Rest of the world (Latin America and Middle East & Africa).
Prominent players inducing the Global Gold Mining Technology Market are ALROSA, Atomyze, Carlson, Comstock Mining, Datarock, Newcrest Mining, Delair, Emesent, Everledger, HemmeraLand Betterment, Sight Power, Symboticware, Arvizio, Auryn, Carat, Clirio, Deswik, Fura, Geotech, GoldSpot Discoveries, Minehub, MineWare, Nornickel, Rio Tinto, and Transco among others.
Segmentation and Scope of the Global Gold Mining Technology Market
Global Gold Mining Technology Market is segmented by technology, end-user, and region.
Rest of World
Middle East & Africa
Prominent players in the Global Gold Mining Technology Market among other includes