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Global Machine Control System Market : Industry Size, Share, Analysis, Trend & Forecast 2023

Press Release   •   Apr 17, 2018 14:51 IST

Bharat Book Bureau Provides the Trending Market Research Report on “Global Machine Control System Market, Forecast to 2023” under Industry & Mfg category. The report provides information on industry overview, market size, latest developments, industry trends, Key Manufacturers, global presence, and their future prospects.

The machine control systems are used to control machine operations to precisely position the earthwork machinery with the help of a global positioning system or geographical information system. These systems are used in machineries such as excavators, rollers, pavers, cold planers, and others. The machine control system has a wide application in construction, agriculture, transportation, and others.

The construction & infrastructure industry is one of the important aspects in terms of economy of the world. Various on-going construction projects across the developing and developed nations are employing more than thousands of workers across the world. New ideas and technology are supporting the development in the construction sector. One of the major developments in the industry is the shift from 2 dimensional to 3-dimensional visualization. The HoloLens is one such headset in which a variety of electronic components work in combination to provide holographic computing technology. This transformation from two dimensional to three dimensional has revolutionized the operation and working of building construction.

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Some of the protuberant drivers supporting the growth of the global machine control system market are identified as, replacement of traditional survey pegs with a positioning system for precise and efficient machine operation, increasing construction projects in commercial & non-commercial sectors in the developing countries, and increased human and machinery safety. However, largely limited to earthwork construction, lack of technical expertise and cost of training are some of the restraining factor for the machine control system market.

Key Players
The prominent players in Machine Control System Market are – ABB Group, Leica Geosystems, Topcon Corporation, Trimble Inc., RIB Software AG, Andritz, Belden Inc., Schneider Electric, and Mitsui Co. among others

Key Findings
- Global Machine Control System market was valued at USD 4 Billion in 2017. The market is projected to reach USD 8 Billion by 2023, expanding at a CAGR of 14.12% over the forecast period.
- By type, total stations segment is leading the market in 2017 and is expected to grow with 14% CAGR. Whereas, GNSS is expected to be the fastest growing market mounting with the highest CAGR of 16.10%.
- By end-user, the construction industry is expecting high growth in the coming years due to investment by government authorities for the development of advanced infrastructure globally.
- Geographically, North America region has been projected to hold the largest market share in global machine control system market followed by Asia Pacific region, while Europe ranks third in the Machine Control System market.

Segmentation
The machine control system market is segmented into type, equipment, and end user. Based on the type, the machine control system market is sub-segmented into total stations, global navigation satellite system, laser scanners, and GIS controllers. The equipment segment is sub divided into excavators, dozers, loaders, scrapers, and graders. Moreover, by end-users the market is sub-categorized into construction, mining, agriculture, and marine.

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