Industry Insights

Market Research Future, in its latest study on the global machine control system market 2020, claimed that the market is witnessing a positive uptick on account of various factors leading the scenario a CAGR of 14.12%. At this pace, the market will be gaining a significant valuation of USD 8 Billion by the year 2023 from USD 4 Billion, which was acquired back in the year 2017. The market progression will be taken throughout 2017 to 2023.

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Top Impacting Factors: Machine Control System

Burgeoning agriculture, transportation, and construction industries are the top sectors where the market’s growth could be witnessed inflating. Machine control systems are primarily used in positioning machinery used in earthwork with the help of technology such as positioning (GPS) and geographical information system (GIS) frameworks. The global machine control system market is determined by a surge in a call for accuracy in navigation and control of heavy machinery in industries across the world.

The global machine control system market is also anticipated to witness a positive growth trajectory in the coming years, mainly bolstered by several notable developments. Some of the critical developments that are likely to influence the machine control system market are the launch of the novel, innovative, and user-friendly products having compact and portable attachments. In the case of point, Trimble, a leading manufacturer in the industry, introduced a new product, GO! Grade Control Platform—an efficient machine control system.

Another major manufacturer, Topcon’s flagship product, the 3D MC Max that is built with 4-way dozers, recently got an upgrade. This product is now highly technologically verified with advanced measurement units, receivers, and sensors in the machine. The enhancement of leading products by giant tech manufacturers is likely to intensify sales in the global machine control system market in the approaching years. Moreover, some of the prominent vendors such as MOBA Mobile Automation, Hemisphere GNSS, Eos Positioning Systems, and Hexagon are also making significant investments to take the valuation of the market towards sky limits in the foreseeable years.

Furthermore, the construction industry is also witnessing unprecedented growth, supported by the rising urbanization, rising population, and economic growth.  This is a leading factor that is probable to boost demand in the global machine control system market in the forecast years. Additionally, the growing population also generates high demand for food, which is leading to enlarge movement in the agriculture industry. The demand for competence and swift production will also further intensify the need for machine control systems in agriculture. Thus, the agriculture industry and its growth directly fuel the machine control system market to a large extent.

Market Segmentation: Machine Control System

From the viewpoint of segmental analysis, type, equipment, and end-user segments have been included in the further study of the global machine control system.

Among the type segment, the machine control system market is segregated into the global navigation satellite system, total stations, GIS controllers, and laser scanners. Out of which, the equipment segment is also categorized into dozers, excavators, scrapers, loaders, and graders.

Among the by end-users segment, the market is has included mining, agriculture, construction, and marine.

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Regional Outlook

From the geological point of view, North America, Europe, Asia Pacific, and the Rest of the World are the prime regions where the study of the global machine control system is conducted to understand the dynamics. The market in North America is leading in the machine control system, and dominance is mainly accredited to the region’s recognized construction sector and high investment capacities. In the case of point, Canada has been implementing machine control for new projects in highway construction and has gathered a high number of valuation over the years. With this, the mature construction industry and high economic growth in the agriculture sector are the foremost factors motivating the market growth in the U.S. Therefore, it is projected that the market would stand at a high growth rate during the forecast period 2017-2023.

Even the market in the Asia Pacific is also anticipated to record an elevated expansion rate in the global machine control system market in the forthcoming years, mainly fuelled by escalating construction activities in countries such as China and India.

Top Market Contenders

The well-known players in Machine Control System Market are included as Leica Geosystems, ABB Group, Trimble Inc., Topcon Corporation, Andritz, Belden Inc., RIB Software AG, Mitsui Co. as well as Schneider Electric.

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