Japan Mineral Exploration Equipment Market

Japan Mineral Exploration Equipment Market Insights Forecasts to 2035

• The Japan Mineral Exploration Equipment Market Size Was Estimated at USD 12,288.78 Million in 2024
• The Market Size is Expected to Grow at a CAGR of Around 6.27% from 2025 to 2035
• The Japan Mineral Exploration Equipment Market Size is Expected to Reach USD 23,987.89 Million by 2035

According to a research report published by Decisions Advisors, The Japan Mineral Exploration Equipment Market Size is Anticipated to Reach USD 23,987.89 Million by 2035, growing at a CAGR of 6.27% from 2025 to 2035. The Japan mineral exploration equipment market is driven by surging demand for critical minerals, government-backed deep-sea rareearth initiatives, advanced AI-powered exploration tools, international collaboration on space mining, and technological innovation.

Market Overview

The Japan mineral exploration equipment market refers to the industry segment focused on manufacturing, supplying, and deploying advanced equipment used for locating, analyzing, and extracting mineral resources across Japan. Japan mineral exploration equipment market growth is significantly influenced by the country’s commitment to pioneering technologies in space-based resource extraction. Japan has become a global leader in pushing the boundaries of mining innovation.

Aligned with this, In December 2024, ispace collaborated with Magna Petra to focus on sustainable helium-3 extraction from the lunar surface. This partnership aims to harness the moon’s resources to meet Earth’s increasing demand for helium-3, a resource currently facing a shortage. Through non-destructive, sustainable harvesting methods, Japan is exploring new possibilities for resource extraction beyond Earth. This development could pave the way for future technological advancements in equipment used for space mining, thereby influencing the growth of the Japan mineral exploration equipment market. The success of these space missions will likely require the creation of new tools, systems, and infrastructure designed specifically for lunar mining operations. Japan’s expanding role in space exploration is expected to stimulate the development of advanced mining technologies, which will have a long-term impact on both terrestrial and extraterrestrial mining sectors. As these innovations continue to evolve, Japan’s market share in global mineral exploration equipment is expected to be bolstered, positioning the country at the forefront of the next generation of mining technologies.

Report Coverage

This research report categorizes the market for the Japan mineral exploration equipment market based on various segments and regions, and forecasts revenue growth and analyses trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the Japan mineral exploration equipment market. Recent market developments and competitive strategies, such as expansion, product launch, development, partnership, merger, and acquisition, have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key market players and analyses their core competencies in each sub-segment of the Japan mineral exploration equipment market.

Driving Factors

The mineral exploration equipment markets in Japan are driven by the country’s efforts to enhance global mining practices through technological collaboration and investment in mineral analysis systems. Japan support in providing cutting-edge technology to other nations is fostering more efficient exploration.

For instance, in March 2025, Japan provided zambia with USD 1.2 Million to acquire advanced laboratory equipment, thereby enhancing its mineral analysis capacity. This initiative aims to enhance the accuracy of zambia geological surveys, ultimately leading to improved exploration and mining outcomes. By enhancing the precision of mineral analysis, Japan is not only strengthening zambia mining sector but also influencing the broader mineral exploration equipment market. The grant supports more accurate and efficient identification of valuable resources, creating opportunities for mining companies worldwide to adopt these advanced technologies.

Restraining Factors

The mineral exploration equipment market in Japan is restrained by restrained by high capital expenditure requirements, limited availability of skilled professionals, stringent environmental and safety regulations, and scarce domestic mineral reserves, which collectively hinder large-scale exploration and equipment adoption.

Market Segmentation

The Japan mineral exploration equipment market share is categorized by equipment type and mineral type.  

• The drilling equipment segment accounted for the largest revenue market share in 2024 and is expected to grow at a significant CAGR during the forecast period.  

The Japan mineral exploration equipment market is segmented by equipment type into drilling equipment, geophysical equipment, remote sensing equipment, sample analysis equipment, and others. Among these, the drilling equipment segment accounted for the largest revenue market share in 2024 and is expected to grow at a significant CAGR during the forecast period. The segmental growth is driven by Japan’s deepsea rareearth exploration push, highprecision and AIenabled drill rigs, strong government incentives for critical minerals, and rising demand for batterygrade metals.

• The metallic minerals segment dominated the market in 2024 and is projected to grow at a substantial CAGR during the forecast period.   

The Japan mineral exploration equipment market is segmented by mineral type into metallic minerals, non-metallic minerals, coal exploration, and others. Among these, the metallic minerals residential segment accounted for the largest revenue share in 2024 and is expected to grow at a significant CAGR during the forecast period. The growth of the segment is due to rising demand for critical metals, increased deep-sea rare-earth exploration, government support for domestic mineral security, and adoption of advanced detection and drilling technologies across Japan’s mining sector.

Competitive Analysis:

The report offers the appropriate analysis of the key organizations/companies involved within the Japan mineral exploration equipment market, along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborate analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.

List of Key Companies

• Komatsu Ltd
• Hitachi Construction Machinery Co
• Epiroc AB
• Sandvik AB
• Caterpillar Inc
• Furukawa Rock Drill Co
• Sumitomo Heavy Industries
• Others

Key Target Audience

• Market Players
• Investors
• End-users
• Government Authorities 
• Consulting and Research Firm
• Venture capitalists
• Value-Added Resellers (VARs)

Recent Developments

• In June 2025, Nittetsu Mining expressed interest in investing in Papua New Guinea’s copper and limestone operations. This development marked a significant step in expanding Japan's presence in global mineral exploration, influencing the mineral exploration equipment market by promoting advanced technology and infrastructure for resource extraction.
• In April 2025, ABB and Sumitomo signed an MOU at Bauma to collaborate on decarbonising mining equipment, focusing on fleet electrification. This partnership aims to develop net-zero emissions solutions, significantly impacting the mineral exploration equipment market by driving innovation in sustainable mining technologies and energy-efficient systems.

Market Segment

This study forecasts revenue at the Japan, regional, and country levels from 2020 to 2035. Decisions Advisors has segmented the Japan Mineral Exploration Equipment Market based on the below-mentioned segments:

Japan Mineral Exploration Equipment Market, By Equipment Type

• Drilling Equipment
• Geophysical Equipment
• Remote Sensing Equipment
• Sample Analysis Equipment 
• Others

Japan Mineral Exploration Equipment Market, By Mineral Type

• Metallic Minerals
• Non-Metallic Minerals
• Coal Exploration,
• Others