The machine control system market size is projected to reach US$ 9.49 billion by 2030 from US$ 5.84 billion in 2022. The market is expected to register a CAGR of 6.3% during 2022–2030. Increasing adoption of 3D modelling and 3D scanning in various industries is likely to remain a key trend in the market.
Machine Control System Market Analysis
The rise of automation technology is creating opportunities for the adoption of machine control systems among numerous end-user industries. For instance, the extensive adoption of 3D visualization is improving the operational activities in the construction industry. The increasing rate of commercial construction projects across developed regions is boosting the machine control system market growth. The machine control system market is growing because of augmented investments by the government and private organizations in the development of commercial structures and infrastructural developments. The construction sites offer employment to thousands of workers. The increasing awareness about safety measures is boosting the demand for machine control systems in the construction sector.
Machine Control System Market Overview
Machine control systems use technologies such as GIS, GNSS, and laser scanning to scan the working areas and accurately recognize points where heavy earthmoving equipment can be positioned. The precise positioning of the earthmoving machinery enables the initiation of work and promises a harmless working environment. It also enhances the efficiency of working by increasing the accuracy and speed in the construction and earthmoving work. The increasing need for precision in the navigation and control of heavy machinery is anticipated to drive the machine control system market.
By integrating modern technology into their systems, companies in the machine control system market are emphasizing making systems less cumbersome with increased productivity. Machine control systems minimize machine and field breakdown while also allowing for more effective resource utilization. Failure of heavy machinery at a building site can cause delays in work and result in substantial monetary losses. Machine control systems confirm that construction equipment is precisely controlled and monitored, resulting in maximum efficiency and faster quality control at the work site. As a result, investment in machine control systems facilitates time-saving, eradicates project failures, and enhances machine installation prices, all of which are anticipated to contribute to the machine control market growth during the forecast period.
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Machine Control System Market Drivers and Opportunities
Increasing Use of Machine Control Systems in Construction Activities to Favor Market
Over the past few years, the construction industry has seen significant advancements in technology, and machine control systems are one of the most prominent ones. Machine control systems have revolutionized the way construction projects are executed as they provide improved accuracy, precision, and efficiency. In addition, machine control systems utilize global positioning systems (GPS), sensors, lasers, and other sophisticated technologies to accurately guide and position heavy construction equipment, such as bulldozers, graders, and excavators. Machine control systems provide a new level of accuracy, efficiency, and safety to the construction industry.
Increasing Integration of Global Navigation Satellite System (GNSS) in Machine Control Systems
The global navigation satellite system is an integral part of applications where mobility plays an important role. GNSS technology is being increasingly integrated into construction equipment such as excavators, bulldozers, graders, pavers and farm machinery to enhance productivity in real-time operation and also to provide situational awareness information to the equipment operator. Thus, increasing integration of global navigation satellite system (GNSS) in machine control systems provides lucrative opportunities for the machine control system market growth.
Machine Control System Market Report Segmentation Analysis
Key segments that contributed to the derivation of the machine control system market analysis are type, equipment, industry, view type, and type of delivery.
- Based on the type, the machine control system market is divided into total stations, GNSS, laser scanners, airborne systems, GIS collectors, and others. The GNSS segment will hold a significant market share in 2022.
- By equipment, the market is segmented into excavators, graders, loaders, dozers, scrappers, paving systems, and others. The excavators segment held the largest market share in 2022.
- In terms of industry, the market is segmented into infrastructure, commercial, residential, and industrial. The infrastructure segment held the largest market share in 2022.
- In terms of view type, the market is segmented into 2D and 3D. The 2D segment held the largest market share in 2022.
- In terms of view type, the market is segmented into 2D and 3D. The 2D segment held the largest market share in 2022.
- In terms of type of delivery, the market is segmented into retrofit and OEM build. The OEM build segment held the largest market share in 2022.
Machine Control System Market Share Analysis by Geography
The geographic scope of the machine control system market report is mainly divided into five regions: North America, Asia Pacific, Europe, Middle East & Africa, and South & Central America.
The Asia Pacific machine control system market is segmented into Australia, Japan, Indonesia, Singapore, Malaysia, Thailand, the Philippines, and New Zealand. Asia Pacific is witnessing strong economic growth, which is raising demand for infrastructure development and diversified projects that rely on machine control systems. Furthermore, large government investments in infrastructure projects such as road construction, bridge construction, and airport expansion are opening up new markets for machine control system sales. Japan has one of the best metropolitan infrastructures in the world. The Japanese government gave the go-ahead to build a new nuclear power facility in August 2022. Notably, in light of the worldwide energy crisis, the building and development of the new nuclear plant will assist the nation in lowering its dependency on energy imports.
Machine Control System Market Regional Insights
The regional trends and factors influencing the Machine Control System Market throughout the forecast period have been thoroughly explained by the analysts at Insight Partners. This section also discusses Machine Control System Market segments and geography across North America, Europe, Asia Pacific, Middle East and Africa, and South and Central America.
- Get the Regional Specific Data for Machine Control System Market
Machine Control System Market Report Scope
Report Attribute | Details |
---|---|
Market size in 2022 | US$ 5.84 Billion |
Market Size by 2030 | US$ 9.49 Billion |
Global CAGR (2023 - 2031) | 6.3% |
Historical Data | 2020-2021 |
Forecast period | 2023-2031 |
Segments Covered |
By Type
|
Regions and Countries Covered | North America
|
Market leaders and key company profiles |
Machine Control System Market Players Density: Understanding Its Impact on Business Dynamics
The Machine Control System Market market is growing rapidly, driven by increasing end-user demand due to factors such as evolving consumer preferences, technological advancements, and greater awareness of the product's benefits. As demand rises, businesses are expanding their offerings, innovating to meet consumer needs, and capitalizing on emerging trends, which further fuels market growth.
Market players density refers to the distribution of firms or companies operating within a particular market or industry. It indicates how many competitors (market players) are present in a given market space relative to its size or total market value.
Major Companies operating in the Machine Control System Market are:
- Topcon
- Trimble
- Leica
- MOBA Mobile Automation AG
- Hemisphere
- Hitachi, Ltd.
Disclaimer: The companies listed above are not ranked in any particular order.
- Get the Machine Control System Market top key players overview
Machine Control System Market News and Recent Developments
The machine control system market is evaluated by gathering qualitative and quantitative data post primary and secondary research, which includes important corporate publications, association data, and databases. A few of the developments in the machine control system market are listed below:
- Leica Geosystems launched the Leica iCON site excavator, bringing machine control to compact excavators, a machine-control solution that enables compact excavators to carry out designs easily and accurately. (Source: Leica Geosystems, Press Release, October 2022)
- Liebherr and Leica Geosystems expanded the range of semi-automatic machine control systems for crawler excavators. Leica Geosystems' semi-automatic machine control system is now available for the Generation 8 crawler excavator model. (Source: Liebherr, Press Release, July 2021)
Machine Control System Market Report Coverage and Deliverables
The “Machine Control System Market Size and Forecast (2020–2030)” report provides a detailed analysis of the market covering below areas:
- Machine control system market size and forecast at global, regional, and country levels for all the key market segments covered under the scope
- Machine control system market trends, as well as market dynamics such as drivers, restraints, and key opportunities
- Detailed PEST/Porter’s Five Forces and SWOT analysis
- Machine control system market analysis covering key market trends, global and regional framework, major players, regulations, and recent market developments
- Industry landscape and competition analysis covering market concentration, heat map analysis, prominent players, and recent developments for the machine control system market
- Detailed company profiles
- Historical Analysis (2 Years), Base Year, Forecast (7 Years) with CAGR
- PEST and SWOT Analysis
- Market Size Value / Volume - Global, Regional, Country
- Industry and Competitive Landscape
- Excel Dataset
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Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
Type, Equipment, Industry, View Type, Type of Delivery, and Geography
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
This text is related
to country scope.
Frequently Asked Questions
The machine control system market size is projected to reach US$ 6.3 billion by 2030.
North America is expected to dominate the machine control system market with the highest market share in 2022.
Increasing adoption of 3D modelling and 3D scanning are anticipated to play a significant role in the global machine control system market in the coming years.
The leading players operating in the machine control system market are Topcon, Trimble, Leica; MOBA Mobile Automation AG; Hemisphere; Hitachi, Ltd.; Komatsu Ltd; Andritz AG; Vedant Engineering Services Pvt Ltd; and Schneider Electric
The increasing use of machine control systems in construction activities and the rising utilization of machine control systems to streamline earthwork operations are The major factors driving the machine control system market
The global machine control system market is expected to grow at a CAGR of 6.3% during the forecast period 2023 - 2030.
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The List of Companies - Machine Control System Market
- Topcon Corp
- Trimble Inc
- Hemisphere GNSS Inc
- Komatsu Ltd
- Schneider Electric SE
- MOBA MOBILE AUTOMATION AG
- Leica Geosystems AG
- Andritz AG
- Vedant Engineering Services Pvt Ltd
- M-Tech Control Corp