Saturday, 27 July 2024
According to our latest study on “Machine Control System Market Forecast to 2030 – Global and Regional Share, Trends, and Growth Opportunity Analysis – By Type, Equipment, Industry, View Type, Type Of Delivery, and Geography” the Machine Control System Market size was valued at US$ 5.84 billion in 2022 and is expected to reach US$ 9.49 billion by 2030; it is estimated to record a CAGR of 6.3% from 2022 to 2030.
The high adoption of GNSS for dozers, scrapers, graders, excavators, and airborne systems is expected to create opportunities for the machine control system market growth during the forecast period. The use of GNSS for a variety of applications, including agriculture, ground mapping, mining, defense, and unmanned aerial vehicles (UAVs), is contributing to the demand for machine control systems. GNNS provides high accuracy and efficiency for the precise positioning of heavy machinery, which promises improved productivity.
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Market players are focusing on technological advancements.For instance, in December 2021, Trimble launched the Trimble R750 GNSS Modular Receiver, a connected base station for geospatial civil construction and agricultural applications. The R750 provides improved base station performance, delivering surveyors, contractors, and farmers more reliable and accurate positioning in the field. Therefore, the increasing focus of market players on the integration of GNSS in machine control systems is anticipated to generate lucrative opportunities for the machine control system market growth during the forecast period.
North America led the machine control systems market in 2022. The growth of the market is attributed to the established construction industry and industrial development. The demand for machine control systems for construction projects is expected to increase in Canada and other countries in North America during the forecast period. For instance, according to the Ministry of Transportation and Infrastructure, construction of the Trans-Canada Highway is expected to be completed by 2025. The increasing demand for process instrumentation and automation in construction projects is further anticipated to drive the machine control systems market in this region during the forecast period.
Asia Pacific is projected to register the fastest CAGR during the forecast period, with India and China being the chief contributors in this region. Governments of several countries in the region are focusing on projects to upgrade the aging infrastructure, such as bridges, roads, sewage systems, and tunnels. For instance, on October 5, 2023, the Government of Japan officially handed over the upgraded Kukum Highway to the Solomon Islands Government. This road construction was started in July 2021. Further, other Southeast Asian countries are expected to observe substantial investment in infrastructure projects during the forecast period. This, in turn, is anticipated to boost the demand for machine control systems in Asia Pacific during the forecast period.
The machine control system market is segmented on the basis of type, equipment, industry, view type, type of delivery machine, and geography. By type, the Machine Control System market is divided into Total stations, GNSS, Laser scanners, Airborne systems, GIS collectors, and Others. By equipment, the machine control system market is divided into Excavators, Graders, Loaders, Dozers, Scrappers, Paving systems, and Others. By industry, the machine control system market is divided into Infrastructure, Commercial, Residential, and Industrial. By view type, the Machine Control System market is bifurcated into 2D and 3D. By type of delivery, the Machine Control System market is divided into Retrofit and OEM Build. Geographically, the Machine Control System market is segmented into five major regions—North America, Europe, Asia Pacific (APAC), the Middle East & Africa (MEA), and South America (SAM).
Topcon; Trimble; Leica; MOBA Mobile Automation AG; Hemisphere; Hitachi, Ltd.; Komatsu Ltd; Andritz AG; Vedant Engineering Services Pvt Ltd; and Schneider Electric are among the key Machine Control System market players profiled during the Machine Control System market study. Various other Machine Control System market players are introducing new product offerings to contribute to the Machine Control System market size proliferation. Several other important Machine Control System market players were also analyzed during this market research to get a holistic view of the global market and its ecosystem. The leading Machine Control System market players focus on feature upgrades, expansion and diversification, collaboration, and acquisition strategies, which enable them to grab new business opportunities.
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