Oyster Bay, New York - 17 Jul 2017
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 report. This report is part of the company's Intelligent Transport & eFreight research service, which includes research, data, and analyst insights.
About ABI Research
ABI Research provides strategic guidance to visionaries, delivering actionable intelligence on the transformative technologies that are dramatically reshaping industries, economies, and workforces across the world. ABI Research's global team of analysts publish groundbreaking studies often years ahead of other technology advisory firms, empowering our clients to stay ahead of their markets and their competitors.
ABI Research提供开创性的研究和战略指导，帮助客户了解日新月异的技术。 自1990年以来，我们已与全球数百个领先的技术品牌，尖端公司，具有远见的政府机构以及创新的贸易团体建立了合作关系。 我们帮助客户创造真实的业务成果。
For more information about ABI Research's services, contact us at +1.516.624.2500 in the Americas, +44.203.326.0140 in Europe, +65.6592.0290 in Asia-Pacific or visit www.abiresearch.com.
Asia: +65 6950.5670