Extractive Industries: a growing market for automation in harsh remote environments

23 November 2016
Report type: Application Spotlight
Author(s): Margaret Ranken
Keywords: Oil, gas, coal, minerals, satellite, mining automation, stripper wells, quarries, autonomous vehicles, LPWA, NB-IoT, metals, Mine of the Future, UAV, drone, Wireless HART, offshore, MagneLink, RPMA, LoRA
Companies: Lockheed Martin, Inmarsat, Iridium, Orbcomm, EEP, Rio Tinto, Codelco, Emerson Process, Elexon, Ingenu, Shell, KONČAR INEM, RigStat
Number of Pages: 16

This Application Spotlight provides a qualitative and quantitative analysis of the IoT market related to Extractive Industries, i.e. the functions involved in the extraction of coal, oil & gas, minerals and quarrying. There are three main types of implementation: monitoring of remote, distributed and unmanned assets, e.g. stripper wells, continuous monitoring of operations and assets within a larger site, e.g. mines, quarries or offshore platforms, and full automation including autonomous vehicles and automated drills and conveyor belt systems.

The report provides a definition, description, analysis of drivers and barrier, and high level forecasts for growth in connections, technology split and revenue opportunity.

For a full set of country-by-country forecasts, refer to the IoT Forecast Database.

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