The global stone mining and
quarrying market, a part of the mining industry, grew at a compound annual
growth rate (CAGR) of around 3% during the historic period. The mining industry
showed a steady growth. The growth is mainly due to the increase in demand for
precious stones such a marble, granite, and limestone.
In the forecast period, the global
stone mining and quarrying market size is expected to be over $120 billion by
2021, growing at a CAGR of nearly 4%. This is expected due to advancements in
the mining industry such as power lasers increasing the productivity, and
continued demand from the construction market, thereby driving the market. Furthermore,
rising population, increase in dispensable income, and increasing per capita
incomes are expected to drive the global stone mining and quarrying market in
the future.
Find TBRC’s report on the stone mining and quarrying market:
https://www.thebusinessresearchcompany.com/report/stone-mining-and-quarrying-global-market-report-2018
Remote surveying and geological
mapping for mines and quarries is increasingly being done using LIDAR and UAV
as it offers fast, accurate data to plan mining processes. LIDAR, which stands
for light detection and ranging, is a remote sensing method that uses light in
the form of a pulsed laser to measure ranges (variable distances). LIDAR is
used for surveying the mining area and helps in determining ore body, mining
pit volume, and pre-strip and spoil surface volumes.
Major companies in the stone
mining and quarrying market, offering LIDAR technology include Vulcan Materials
Company, Martin Marietta Aggregates, Cemex S.A.B. de C.V., Adelaide Brighton
Ltd., Rogers Group, Inc., Carmeuse Lime & Stone, Graphit Kropfmühl AG,
Minerals Technologies Inc., United States Lime & Minerals, Inc.
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