Blasting Automation Services Market Scope
Automation blasting is providing various advantages in the processing of huge volume production, which ensures in terms of accuracy and efficiency. The rapid development in industrialization is driving huge growth in this market. There are new market players are entering this market to capture market growth opportunities and enhance their revenue.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
Key Companies Profiled | Autonomous Solutions, Inc. (United States), iRing Inc. (United States), Orica Limited (Australia), Komatsu Limited (Japan), Dyno Nobel (United States) and SurfacePrep (United States) |
CAGR | 5.8% |
The market is seeing moderate market players, by seeing huge growth in this market the key leading vendors are highly focusing on the production technologies, efficiency enhancement, and product life. There is numerous growth opportunity in this market that grab the opportunity by leading players via tracking the ongoing process development and huge investment in market growth strategies. Research Analyst at AMA estimates that United States Manufacturers will contribute to the maximum growth of Global Blasting Automation Services market throughout the predicted period.
Autonomous Solutions, Inc. (United States), iRing Inc. (United States), Orica Limited (Australia), Komatsu Limited (Japan), Dyno Nobel (United States) and SurfacePrep (United States) are some of the key players that are part of study coverage. Additionally, the Manufacturers which are also part of the research are Rio Tinto Plc (United Kingdom) and Incite pivot Limited ( Australia).
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from the total available market.
Segmentation Overview
The study have segmented the market of Global Blasting Automation Services market by Type and Region with country level break-up.
On the basis of geography, the market of Blasting Automation Services has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
region held largest market share in the year 2023.
Market Leaders and their expansionary development strategies
In March 2024, Metal Finishing Technologies, LLC (MFT), a nationally-recognized leading provider of metal finishing and specialty coating services for aerospace, defense and industrial customers, announced the acquisition of Aqua Blasting Corp.
In November 2019, ABB has started offering autonomous mining robotics solutions to charge blasting holes. With this new initiatives, company has expanded its portfolio of offering robotics based solutions.
Influencing Trend:
Rise in Number of New Market Entrants, Development in Research and Development and High Adoption of Air Blasting Equipment
Market Growth Drivers:
Technology Development in Automating Drilling and Blasting Operations that Allows Mine Owners to Enhance Their Productivity and Development in Industrializations
Challenges:
Fluctuation in Prices of Raw Materials
Restraints:
Slowdown in Economy
Opportunities:
Growing Requirement for Natural Resources Is Prompting Miners to Carry Out Mining Operations in Different Areas
Key Target Audience
Venture Capitalists and Private Equity Firms, New Entrants/Investors, Analysts and Strategic Business Planners, Blasting Automation Services Providers, Government Regulatory and Research Organizations and End-Use Industries