Machine Control System Market Size Worth $10.12 Billion By 2027: Grand View Research, Inc.

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Sep 10, 2020, 06:26 ET

SAN FRANCISCO, Sept. 10, 2020 /PRNewswire/ -- The global machine control system market size is expected to reach USD 10.12 billion by 2027, to a new report by Grand View Research, Inc., expanding at a CAGR of 11.2%, over the forecast period. Machine control systems are defined as technologically advanced devices deployed for correct positioning of earthmoving and construction machinery. These systems can precisely identify areas for the initiation of work so that heavy equipment can be placed in the right place. Proper positioning facilitates enhanced safety for workers in harsh working environments. It improves the efficiency of work during tighter timelines, thereby increasing the adoption of these systems and driving market growth.

Key suggestions from the report:

The increasing demand for machine control systems from various sectors like mining, agriculture, marine, and oil and gas, is expected to drive the market growth
Asia Pacific is anticipated to expand at the highest CAGR of approximately 13% over the forecast period owing to the rising number of commercial, industrial, and infrastructure projects
The key market players focus on mergers and acquisitions for gaining access to different technologies, venturing into new verticals, and enhancing the product innovation process. For example, in August 2018, TOPCON CORPORATION completed the acquisition of ThunderBuild BV Group-a Netherlands based company that develops logistics management software. This acquisition enabled TOPCON CORPORATION to develop asphalt paving solutions and expand its paving systems portfolio.

Read 110 page research report with ToC on "Machine Control System Market Size, Share & Trends Analysis Report By Product (Total Stations, GNSS, Laser Scanners, Airborne), By Equipment, By Vertical, By Region, And Segment Forecasts, 2020 - 2027" at: https://www.grandviewresearch.com/industry-analysis/machine-control-system-market

Over the years, 3D machine control systems have replaced traditional survey pegs with 2D, for positioning work due to technological advancements. These systems use technology like GNSS, GIS, optical scanning, laser scanning, and robotic based machine control, among others, for scanning the perimeter and identify areas for positioning. For instance, TOPCON CORPORATION offers robotic machine control based on local positioning system (LPS-900), which guides to the machines during thick cloud covers and dense forest covers where the machine-installed GPS does not work. The LPS- 900 systems are the robotic total stations that increase the speed and accuracy of tracking the machine and facilitate better positioning. Such advanced features are expected to increase the demand for machine control systems and contributing to market growth.

Limited amount of earthwork and lack of technical expertise to operate the systems may hamper market growth. However, developing countries have been investing in the training of personal and adoption of machine guided technologies, which is expected to impact the market positively. Moreover, the growing number of infrastructure and urbanization projects coupled with the rising need for safety is anticipated to drive the market growth.

Grand View Research has segmented the global machine control system market on the basis of product, equipment, vertical, and region:

Machine Control System Product Outlook (Revenue, USD Million, 2016 - 2027)

Total Stations
GNSS
Laser Scanners
Airborne

Machine Control System Equipment Outlook (Revenue, USD Million, 2016 - 2027)

Excavators
Loaders
Paving Systems
Graders
Others

Machine Control System Vertical Outlook (Revenue, USD Million, 2016 - 2027)

Construction
Agriculture
Oil & Gas
Mining
Marine
Others

Machine Control System Region Outlook (Revenue, USD Million, 2016 - 2027)

North America

The U.S.
Canada

Europe

The U.K.
Germany
France

Asia Pacific

China
India
Japan

Latin America

Brazil
Mexico

The Middle East & Africa

List of Key players of Machine Control System Market

TOPCON CORPORATION
Trimble, Inc.
Hemisphere GNSS, Inc.
Leica Geosystems AG (Hexagon)
EOS Positioning Systems
MOBA Mobile Automation AG
RIB Software AG.

Find more research reports on Next Generation Technologies Industry, by Grand View Research:

Geographic Information System Market– The global Geographic Information System market size was valued at USD 5.52 billion in 2016 and is expected to witness considerable growth over the forecast period.
Mining Automation Market – The global mining automation market size was valued at USD 3.6 billion in 2017 and is expected to witness a CAGR of 7.3% from 2018 to 2025. Rapid advancements in technologies such as Artificial Intelligence (AI) and robotics have resulted in production efficiency.
Industrial Robotics Market – The global industrial robotics market size was valued at USD 31.45 billion in 2016. It is anticipated to witness a CAGR of approximately 7.0% over the forecast period.

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About Grand View Research

Grand View Research, U.S.-based market research and consulting company, provides syndicated as well as customized research reports and consulting services. Registered in California and headquartered in San Francisco, the company comprises over 425 analysts and consultants, adding more than 1200 market research reports to its vast database each year. These reports offer in-depth analysis on 46 industries across 25 major countries worldwide. With the help of an interactive market intelligence platform, Grand View Research helps Fortune 500 companies and renowned academic institutes understand the global and regional business environment and gauge the opportunities that lie ahead.

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