Machine Control System Market by Type, Equipment, Industry - Global Forecast to 2022
NEW YORK, Jan. 4, 2017 /PRNewswire/ --
"The market for global navigation satellite system (GNSS) to exhibit significant growth between 2016 and 2022"
The machine control system market is expected to grow at a CAGR of 13.9% between 2016 and 2022 to reach USD 8.16 billion by 2022. The factors that are driving the growth of the market include the rising demand for precision, the enhanced productivity and optimized operations in the construction, transportation, and agriculture industries, and the increasing need to eliminate the bulky earthworks by a pegless construction site. The benefits of these systems such as precision, efficiency, and significant reduction in operational costs and reworks are boosting the demand for machine control systems. GNSSs are integrated with construction equipment such as graders, dozers, scrapers, and airborne systems to increase productivity and provide situational awareness to the field operators. These systems offer increased efficiency and accuracy and are used in applications such as job management, data management, and theft detection.
However, high initial investments and dependence of advanced machine control systems on receiving satellite signals are the major factors restraining the growth of this market.
"Market for graders expected to grow at the highest rate during forecast period"
Graders are used in total stations to get precision while grading, control slope, and elevation of blades. This equipment enhances accuracy and increases productivity, while reducing rework costs. Thus, total stations are widely used in grading operations. In addition, graders ensure the level or elevation of the jobsite by fine grading using machine control systems. Owing to the precision and flexibility offered by graders in machine control systems, this market is expected to grow at the highest CAGR between 2016 and 2022.
"Construction to hold the largest share of the overall machine control system in 2016"
The construction industry is expected to hold the largest share of the global machine control system market in 2016. The use of machine control solutions has greatly revolutionized the construction industry. This industry holds the largest share of the machine control system market, owing to the increasing construction of commercial buildings, retail spaces, residential buildings, and non-commercial infrastructure worldwide. Moreover, the requirement of machine control systems in the construction industry is expected to increase with the rise in new construction projects.
"Machine control system market in APAC expected to grow at the highest rate between 2016 and 2022"
APAC is expected to be the fastest growing market for machine control systems during the forecast period. The construction industry and the transportation infrastructure are developing in this region. The rising industrialization and urbanization as well as the increasing construction and transportation activities are propelling the growth of the market in this region. Developing economies such as China and India are undertaking massive infrastructure projects and investing heavily in transportation projects. The market in APAC has been subsegmented into China, Japan, India, and Rest of APAC.
Break-up of the profiles of primary participants for the report has been given below:
- By Company Type: Tier 1 – 28%, Tier 2 – 38%, and Tier 3 – 34%
- By Designation: C–Level Executives – 68%, Directors– 32%
- By Region: North America - 30%, Europe – 25%, APAC – 30%, and RoW – 15%
The major players operating in this market include Leica Geosystems (Switzerland), Topcon Corporation (Japan), Trimble Inc. (U.S.), and RIB Software AG (Germany). Some of the other players in the market are MOBA Mobile Automation AG (Germany), Andritz Ltd. (Austria), Belden Inc. (U.S.), Maximatecc (U.S.), Schneider Electric (France), and Prolec Ltd. (U.K.).
Research Coverage:
The research report on the global machine control system market covers different segments—type, equipment, industry, and geography. The market, on the basis of type, has been segmented into total stations, GNSS, laser scanners, airborne systems, GIS collectors, and others. On the basis of equipment, the machine control system market has been segmented into excavators, graders, loaders, dozers, scrappers, paving systems, and drillers & pilers. Also, the machine control system market has been segmented on the basis of industry into construction, transportation, agriculture, waste management, mining, marine, and utilities. The report covers the market in four major geographical regions—North America, Europe, Asia-Pacific (APAC), and Rest of the World (RoW).
Key Benefits of Buying the Report:
Illustrative segmentation, analysis, and forecast for the market based on type, equipment, industry, and geography have been conducted to give an overall view of the machine control system market.
The major drivers, restraints, opportunities, and challenges for the machine control system market have been detailed in this report.
The Porter's five forces framework has been utilized, along with the value chain analysis, to provide an in-depth insight into the machine control system market.
The report includes an in-depth assessment of market ranking analysis, strategies, products, and manufacturing capabilities of the leading players in the market.
Read the full report: http://www.reportlinker.com/p04507366-summary/view-report.html
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