WebsiteGear Logo Log In
New User? Sign Up
About | Contact | FAQ
  Home News Web Hosting Computer Hardware Monday, August 21, 2017 
Add Press Release News | News Feeds Feeds | Email This News Email


US $2.9 Billion Market Opportunities for LTE Vendors in Mining Sector
Monday, July 17, 2017

While small compared to global wireless CAPEX, mining sector is a pioneer in private LTE network and an important adjacent market

SINGAPORE, July 17, 2017 /PRNewswire/ -- ABI Research predicts that over US $2.9 billion, 1.5% out of total mining CAPEX, will be spent by the mining sector on private network in 2022, led by demand for wireless broadband technology, such as private LTE and Wi-Fi mesh. These wireless technologies support driverless trucks, trains and drills in mines, introducing cost efficiency and operational safety, while making modern mines safer, smarter, and more autonomous.

Recovering from low commodity pricing hits over the past two years, investment sentiment will likely trend upward in 2019. Substantial greenfield telecommunication investment will go into private LTE and Wi-Fi mesh networks. Between the two technologies, private LTE sets to see greater adoption. Economy of scales through 3GPP standardizations and advancement in LTE hardware and software technologies continues to make LTE technology more powerful and cost friendly.

"Mining companies are the actual pioneers when it comes to autonomous vehicles and private LTE network deployments," says Lian Jye Su, Senior Analyst at ABI Research. "BHP, Fortescue, and Rio Tinto are currently running autonomous haulage and drilling in their iron ore mines. We believe that mining sector will be aggressive in deploying wireless technologies and this deserves the attention of LTE vendors and service providers. Diminishing revenue from consumer market forces LTE vendors and operators to explore business opportunities in other sectors such as mining. Aside from connectivity, they can offer value-added services, such as big data analytics, network security and edge computing."

While most technology decisions in the mining vertical are based on cost analysis, private LTE and edge computing may enhance several aspects of mining operations that companies may find very valuable. Running on private LTE, mining companies can enjoy wide coverage, carrier-grade resilience, high data throughput and remote control and monitoring.

"Despite technological advancements, private LTE and Wi-Fi mesh networks are still being deployed predominantly in surface mining," concludes Su. "Underground mining will be the next battleground for these wireless broadband technologies. Whichever technology is able to become technologically and commercially viable for underground mining will likely to become mainstream technology in mining sector."

These findings are from ABI Research's Private Networks for the Mining Industry (LINK) report.

About ABI Research

ABI Research stands at the forefront of technology market research, providing business leaders with comprehensive research and consulting services to help them implement informed, transformative technology decisions. Founded more than 25 years ago, the company's global team of senior and long-tenured analysts delivers deep market data forecasts, analyses, and teardown services. ABI Research is an industry pioneer, proactively uncovering ground-breaking business cycles and publishing research 18 to 36 months in advance of other organizations. For more information, visit www.abiresearch.com.

    Contact:


    Americas             EMEA/APAC

    Deborah Petrara      Denise Duffy

    Tel: +1.516.624.2558 Tel: +44.203.326.0142

    pr@abiresearch.com   duffy@abiresearch.com

View original content with multimedia:http://www.prnewswire.com/news-releases/us-29-billion-market-opportunities-for-lte-vendors-in-mining-sector-300488580.html

SOURCE ABI Research



Email This News Email | Submit To Slashdot Slashdot | Submit To Digg.com Digg | Submit To del.icio.us Del.icio.us | News Feeds Feeds

RELATED NEWS ARTICLES
Nav Global Vendor Management Software Market - Analysis, Technologies & Forecasts to 2021 - Key Vendors are IBM Emptoris, Intelex Technologies, MasterControl, MetricStream & SAP Ariba | Aug 18, 2017
Nav Global $8.43 Billion Automated Storage and Retrieval System Market 2016-2022 | Aug 18, 2017
Nav Interior Design Software Market 9.35% CAGR to 2021 Driven by Better Interior Design and Decoration | Aug 18, 2017
Nav Evolve IP Named For 5th Time to 2017 Inc. 5000 List of Fastest-Growing Private Companies | Aug 17, 2017
Nav ThoughtSpot Debuts AI-Driven Analytics Fueled by New $60M Investment | Aug 17, 2017
Nav Global Cloud Security Solutions Market to Grow at a CAGR of 19.8%, 2017-2021 with Cisco, IBM, McAfee, Symantec & Trend Micro Dominating | Aug 17, 2017
Nav Global Purpose-built Backup Appliance Market to Grow at a CAGR of 10.7% by 2021: Key Vendors are Dell EMC, HPE, IBM, Oracle & Quantum | Aug 17, 2017
Nav OSNEXUS and Pogo Linux Certify New AMD EPYC Based Storage Director Q2E Software Defined Storage Appliance on QuantaStor SDS | Aug 17, 2017
Nav Cayan Adds EMV Certification with Worldpay | Aug 17, 2017
Nav Global Additive Manufacturing Markets for Space Industry Applications 2017-2027 - The Next Frontier for 3D Printing | Aug 17, 2017
NEWS SEARCH

FEATURED NEWS | POPULAR NEWS
Submit News | View More News View More News