The global machine control system market, according to FMI, will grow at a 6.5% CAGR during the forecast period. The industry is expected to grow from US$ 8,223.6 million in 2023 to US$ 15,436.8 million by 2033.
Among the technologies utilised in machine control systems are GIS, GNSS, robotics, and laser scanning. These technologies scan the working surfaces to precisely position massive earthmoving machinery. The right configuration of this machinery improves job efficiency by boosting the speed and precision of construction activities. Market growth is likely to be driven by increased need for precision in navigation and heavy machinery control.
Firms are concentrating on making the systems simpler and achieve higher productivity. Take for example, Leica Geosystems AG, which has launched MSS400 Series particularly for excavators. These are equipped with complex sensors and SP technology. The system is outfitted with pressure-tight connectors, robust sensor housing, stainless steel brackets, and rugged cabling. This makes it appropriate for underwater digging.
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The system is also equipped with Leica Geosystems SP technology. The technology decreases the complexity as opposed to traditional guidance systems. Utilization of such sophisticated techniques empowers contractors to complete their projects under budgets and before the scheduled deadlines. This is projected to boost the adoption of machine control systems.
Governments of the emerging economies are concentrating on making investments to better the transport infrastructure. This is being achieved by engaging in the construction of highways, roads, and tunnels. This has led to the increase in demand for paving systems.
Top Highlights from the FMI’s Analysis of Machine Control System Market:
- The machine control system industry in the United States is projected to acquire 23.4% of the overall market share in 2023.
- In European region, Germany is anticipated to obtain 5.6% market share. The United Kingdom is estimated to register 5.2% CAGR from 2023 to 2033.
- The Asia Pacific region is projected to leap forward at a significant rate. Both India and China are assessed to account for 7.3% and 7% CAGR, repetitively, over the next 10 years.
- On the basis of type, total stations are projected to grab a hold of 36.7% market share in 2023.
- Based on verticals, industrial segment is expected to account for 31% industry share in the year 2023.
Glad Tidings: Key Developments in Machine Control System Industry
- Trimble Inc. introduced a 2.0 version of Earthworks Grade Control Platform in March 2020. This launch is equipped with Integrated Trimble Loadrite, Augmented Reality (AR) for convenience in comprehending 3D models, and horizontal steering control. Such features offer payload management and showcase payload data on an individual screen for grade control.
- Hemisphere GNSS, Inc. completely bought Outback Guidance Business from an agriculture solution supplier named AgJunction, Inc in September 2018. With this acquisition, Hemisphere GNSS, Inc.’s motive was to extend its business product line in the agricultural sector.
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Key Segments
By Type:
- Total Stations
- Global Navigation Satellite Systems (GNSS)
- Laser Scanners
- Sensors
- Others
By Vertical:
- Infrastructure
- Commercial
- Residential
- Industrial
- Others
By Equipment:
- Excavators
- Loaders
- Graders
- Dozens
- Scrapers
- Paving systems
- Others
By Region:
- North America
- Latin America
- Asia Pacific
- Japan
- Western Europe
- Eastern Europe
- Middle East & Africa
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Table of Content
- Executive Summary | Machine Control System Market
1.1. Global Market Outlook
1.2. Demand-side Trends
1.3. Supply-side Trends
1.4. Technology Roadmap Analysis
1.5. Analysis and Recommendations
- Market Overview
2.1. Market Coverage / Taxonomy
2.2. Market Definition / Scope / Limitations
- Market Background
3.1. Market Dynamics
3.2. Scenario Forecast
3.3. Opportunity Map Analysis
3.4. Investment Feasibility Matrix
3.5. PESTLE and Porter’s Analysis
3.6. Regulatory Landscape
3.7. Regional Parent Market Outlook
- Global Market Analysis 2018 to 2022 and Forecast, 2023 to 2033
4.1. Historical Market Size Value (US$ Million) Analysis, 2018 to 2022
4.2. Current and Future Market Size Value (US$ Million) Projections, 2023 to 2033
- Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Type
5.1. Introduction / Key Findings
5.2. Historical Market Size Value (US$ Million) Analysis By Type, 2018 to 2022
5.3. Current and Future Market Size Value (US$ Million) Analysis and Forecast By Type, 2023 to 2033
5.4. Y-o-Y Growth Trend Analysis By Type, 2018 to 2022
5.5. Absolute $ Opportunity Analysis By Type, 2023 to 2033
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