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- Machine Control System Market to Reach USD 6.05 Billion by 2028 Growing at a CAGR of 6.6%
Machine Control System Market to Reach USD 6.05 Billion by 2028 Growing at a CAGR of 6.6%
The Machine Control System Market is expected to reach USD 6.05 billion by 2028, growing at a CAGR of 6.6% from 2021 to 2028. Machine Control Systems are used for applications that contain a high level of accuracies such as trimming and grading for rail and roads. This is basically used to control the position of the contact point of the tool. This system provides various benefits such as providing more efficiency to machine operators with better access to information, increased safety of site workers as they need to spend less time near machinery, easily meet environmental targets due to more efficient working, reducing the risk of utility damaging and reduces delaying of the project. All these factors are escalating the growth of the machine control system market in the construction industry.
Key Findings:
- The excavator segment is accelerating the demand of the machine control system market during the forecast period. A Control system is mounted in excavators to intensify the accuracy, efficiency, and flexibility at the construction site. It uses advanced 3D control systems with GNSS technology which gives design information and real-time cut/fill indications on the control panel. This improves flexibility and productivity and reduces excavation costs & rework time. Thus compared to other equipment, excavators are more precise, efficient, and faster. All these reasons are considered to witness the segmental growth of the machine control system market in the coming years.
- The infrastructure industry vertical is expected to forecast a high market share over the projected years. Various machine control systems are used in the infrastructure industry such as total stations, GNSS, sensors, and laser scanners. Many government authorities started new projects for more advanced infrastructure which uses machine control equipment such as graders, paving systems, dozers, and excavators. That’s why the demand for the machine control systems market in the infrastructure industry is increased rapidly.
- The Asia Pacific has accounted for the largest share of the machine control system market during the forecasted period. This is occurring due to the increasing commercial, infrastructural and industrial activities in the region. The modification work related to roads, tunnels, sewage systems, and bridges is constantly increasing which in turn drives the growth of the machine control system market in this region.
The major players in the machine control system market are Topcon (Japan), Trimble (US), Hexagon (Sweden), MOBA Mobile Automation (Germany), Hemisphere GNSS (US), Komatsu Ltd. (Japan), Caterpillar (US), Volvo Construction Equipment (Sweden), and Eos Positioning Systems (US).
Machine control systems are used to develop a fully automated decision-making engine. The use of machine control systems in the construction industry is day by day increasing due to its flexibility and better productivity. Various new technologies are introduced for fast and accurate results which ultimately reduces rework activity. In addition construction software provides better interaction and design data software packages for earthmoving machines. Many players are incorporating new features in machine control systems with guidance package to use the system. Recently, the UK-based firm OnGrade is importing Dig Pilot machine into Britain. This system is completely wireless and provides a touch screen display feature for easy operation. In addition, Trimble, a Software, Hardware, and Services Technology Company, introduced Trimble Roadworks 2D Paving Control Platform which contains an automatic screed control system to improve the productivity and accuracy of the application.
Recent Development:
In August 2021: Eos Positioning Systems launched two new GNSS receiver models 'Arrow Gold' and 'Arrow 100'. This new model supports the upcoming High Accuracy Services (HAS), which will broadcast differential corrections for GPS and Galileo satellites directly from the Galileo satellites.
In November 2021: Komatsu Ltd. has applied for the request of the proposal concerning the Project that promotes the Development of Innovative Technologies for Outer Space Autonomous Construction.
In October 2019: Topcon Positioning Systems and Bentley Systems announced that they are jointly owned company name 'Digital Construction Works'. This company provides digital automation, integration, and twinning services.
The Machine Control System is segmented as follows:
-
Global Machine Control System Market: Type Segment Analysis
- Total Stations
- GNSS
- Laser Scanners
- Airborne
-
Global Machine Control System Market: Equipment Segment Analysis
- Excavators
- Loaders
- Paving Systems
- Graders
- Others
-
Global Machine Control System Market: Vertical Segment Analysis
- Infrastructure
- Commercial
- Residential
- Industrial
Browse market data Tables and Figures
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Pages and in-depth TOC on "Machine Control System Market by Type (Total Stations, GNSS, Laser Scanners, Airborne), by Equipment (Excavators, Loaders, Paving Systems, Graders, Others), by Vertical (Infrastructure, Commercial, Residential, Industrial), by Region (North America, Europe, Asia Pacific, Latin America and Middle East & Africa) - Global Industry Assessment (2016 - 2021) & Forecast (2022 - 2028)"
View detailed Research Report here - https://www.vantagemarketresearch.com/industry-report/machine-control-system-market-1104
By Region
- North America
- U.S.
- Canada
- Mexico
- Europe
- UK
- France
- Germany
- Italy
- Spain
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Southeast Asia
- Rest of Asia Pacific
- Latin America
- Brazil
- Rest of Latin America
- Middle East and Africa
- GCC Countries
- South Africa
- Rest of MEA
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