Machine Control System Market Share & Growth | Forecast 2031

Report Description

The global machine control system market size was valued at USD 4.75 Billion in 2022 and is likely to reach USD 9.03 Billion by 2031, expanding at a CAGR of 7.4% during 2023 – 2031. The growth of the market is attributed to surging demand for automatic systems in control and navigation of heavy machinery.

Machine control systems utilizes technology such as GIS, GNSS, and laser scanning to precisely identify points and working areas where heavy earthmoving equipment can be positioned effectively. The right positioning of the earthmoving equipment ease proper commencement of work and ensures safe work environment. It improves the affectivity in working by rising the accuracy and speed during construction activities.

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Companies are now focusing on developing less complicated systems and achieve high efficiency by integrating advanced technology in their product systems. For instance, Leica Geosystems AG introduced advanced sensors and SP technology  in its MSS400 Series. The excavator is provided with stainless steel brackets, pressure-tight connectors, robust sensor housing, and rugged cabling that is suitable for underwater digging. Moreover, the wholesome system is united with Leica Geosystems SP technology, which reduces the complication as compared to conventional guidance systems. The disposition of such advanced techniques permit the contractors to complete their projects without any financial constraints and ahead of scheduled deadlines.

The disposition of machine control systems decreases the machine downtime, field, and facilitates systematic use of assets. The disability of weighty equipment to work at the construction site can cause incur massive losses in monetary terms and delays in work. Machine control technologies enable precise monitoring and control of the construction equipment to provide rapid quality assurance and optimal performance at the working sites. Therefore, investment in machine control systems ensures time utilization, avoid budget overruns, and decrease costs included in the management of machines.

Machine Control System Market Trends, Drivers, Restraints, and Opportunities

• Rising demand for navigation solutions for heavy equipment is expected to drive the market growth.

• The use of advanced techniques to empower the contractors to complete their projects under financial budget and  in time is increasing the adoption of machine control systems across the globe.

• High initial cost is expected to hamper the market growth.

• Increasing demand for sustainable infrastructure has encouraged construction companies to invest in sophisticated equipment and training workers, which in turn, is  expected to accelerate the market growth.

Scope of Machine Control System Market Report  

The report on the global machine control system market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.

Machine Control System Market Segment Insights

GNSS segment to account a large market share

Based on products, the market is segmented as total stations, GNSS, laser scanners, and airborne. The GNSS segment accounts to hold a key share of the market during the forecast period. GNNS provides accuracy and high efficiency for the right positioning of weighty machinery, which ensures improved productivity. Conversely, the total stations segment is anticipated to expand at a rapid pace during the forecast period owing to high product modification scope and ease in the deployment of these systems.

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Excavators segment is estimated to expand at a robust growth rate

On the basis of equipment, the market is divided into excavators, loaders, paving systems, graders, and others. The excavators segment is estimated to expand at a robust growth rate in the coming years. Excavators are efficient, precise, and faster in construction and digging applications. Meanwhile, the paving systems segment is estimated to grow at a steady rate due to high adoption rate in real estate construction activities.

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Construction segment is projected to expand at a considerable CAGR

In terms of verticals, the market is divided into construction, agriculture, oil & gas, mining, marine, and others. The construction segment is projected to expand at a considerable CAGR during the forecast period. Rapid urbanization and various on-going infrastructure projects undertaken in developing countries are driving the market segment growth. On the other hand, the agriculture segment to account a significant market share due to the growing population leading to high demand for food across the globe.

North America is anticipated to constitute a major market share

In terms of regions, the global machine control system market is classified as Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. North America to account for a major share of the market owing to the well-established construction industry and improvement in the agricultural processes in countries such as the US and Mexico. Furthermore, increasing process instrumentation and demand for automation in construction projects is expected to drive the demand in this region. The market of Asia Pacific is expected to expand at a high CAGR in the projected timeline. Governments in these countries are planning projects to upgrade the aging infrastructure such as bridges, roads, sewage systems, and tunnels with the support of several machine control equipment.

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