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Machine Control System Market Share, Growth Rate, Recent and Future Trends, Growth Factors and Leading Manufacturers by Top segments | Grand View Research, Inc

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Machine Control System Market Share, Growth Rate, Recent and Future Trends, Growth Factors and Leading Manufacturers by Top segments | Grand View Research, Inc

October 19
13:38 2021
Machine Control System Market Share, Growth Rate, Recent and Future Trends, Growth Factors and Leading Manufacturers by Top segments | Grand View Research, Inc
“Grand View Research, Inc. – Market Research And Consulting.”
According to a new report published by Grand View Research, machine control systems use technologies such as GNSS, GIS, laser scanning, and robotics to scan the working areas and precisely identify points where heavy earthmoving machinery can be positioned

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.

Browse full report with Table of Content @ https://www.grandviewresearch.com/industry-analysis/machine-control-system-market

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

For Requesting a Sample Copy of This Report, Please Visit @ https://www.grandviewresearch.com/industry-analysis/machine-control-system-market/request/rs1

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       

        • U.S.

        • Canada

     • Europe

        • Germany

        • U.K.

        • France

     • Asia Pacific

        • China

        • India

        • Japan

     • Latin America

        • Brazil

        • Mexico

     • Middle East & Africa

Machine Control System End Use Outlook (Revenue, USD Million, 2014 – 2025)

    • TOPCON CORPORATION

    • Trimble, Inc.

    • Hemisphere GNSS, Inc.

    • Leica Geosystems AG (Hexagon)           

    • EOS Positioning Systems

    • MOBA Mobile Automation AG

    • RIB Software AG     

Inquire more or share questions if any before the purchase on this report @ https://www.grandviewresearch.com/inquiry/4135/ibb

About Grand View Research

Grand View Research is a market research and consulting company that offers market research reports, syndicated and customized reports. The company is headquartered in San Francisco, California. It offers client engagement for business consulting and market intelligence from various domains. The clientele is based across various countries with queries coming from more than 50 industries worldwide.

Grand View Research helps its clients to make informed decisions by helping them understand current trends and scenarios. Every year Grand View Research accomplishes more than 300 multi-country market studies to optimize consulting for clients. 

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Company Name: Grand View Research, Inc.
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Address:Grand View Research, Inc. 201 Spear Street 1100 San Francisco, CA 94105, United States
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State: California
Country: United States
Website: https://www.grandviewresearch.com/industry-analysis/machine-control-system-market