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Machine Control System Market Size Projected To Reach USD 10.12 Billion By 2027 : Grand View Research Inc.

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Machine Control System Market Size Projected To Reach USD 10.12 Billion By 2027 : Grand View Research Inc.

October 01
14:02 2020
Machine Control System Market Size Projected To Reach USD 10.12 Billion By 2027 :  Grand View Research Inc.

Grand View Research, Inc. – Market Research And Consulting.
According to report published by Grand View Research, The global machine control system market size was valued at USD 4.3 billion in 2019 and is expected to grow at a compound annual growth rate (CAGR) of 11.2% from 2020 to 2027.

Machine Control System Market Growth & Trends

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.

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.

Asia Pacific machine control system market size, by product, 2016 - 2027 (USD Million)

Request a sample copy of the Machine Control System Market Research Report @ https://www.grandviewresearch.com/industry-analysis/machine-control-system-market/request/rs1

Machine Control System Market Report Highlights

  • 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

Global machine control system market share, by equipment, 2019 (%)

Have Any Query? Ask Our Experts @ https://www.grandviewresearch.com/inquiry/4135/ibb

Machine Control System Market Segmentation

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

Browse Related Report:

Version Control System Market : https://www.grandviewresearch.com/industry-analysis/version-control-system-market

Video Game Market : https://www.grandviewresearch.com/industry-analysis/video-game-market

About Grand View Research

Grand View Research provides syndicated as well as customized research reports and consulting services on 46 industries across 25 major countries worldwide. This U.S.-based market research and consulting company is registered in California and headquartered in San Francisco. Comprising over 425 analysts and consultants, the company adds 1200+ market research reports to its extensive database each year. Supported by an interactive market intelligence platform, the team at Grand View Research guides Fortune 500 companies and prominent academic institutes in comprehending the global and regional business environment and carefully identifying future opportunities.

Media Contact
Company Name: Grand View Research, Inc.
Contact Person: Sherry James, Corporate Sales Specialist – U.S.A.
Email: Send Email
Phone: 1-415-349-0058, Toll Free: 1-888-202-9519
Address:201, Spear Street, 1100
City: San Francisco
State: California
Country: United States
Website: https://www.grandviewresearch.com/industry-analysis/machine-control-system-market


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