Machine Control Systems Market Size, Share, Trends and Growth Report – Global Opportunities & Forecast, 2023-2030
Analysts at GMI Research estimates that the Machine Control System Market was worth USD 5.9 billion in 2022, and forecast to touch USD 17.1 billion in 2030, growing at a CAGR of 14.1% from 2023-2030.
Machine Control System Market Overview
Machine control is the use of a display and positioning tools to provide the construction equipment operator with a reference between the position of the bucket or blade and the target grade. Machine control is being used to accurately position earthwork machinery based on 3D design models and GPS systems. Many Machine Control Systemss employ the Real-Time Kinematic (RTK) system to enhance the positioning accuracy. The Machine Control Systems solution analyses the machine’s present position on the earth and then evaluates the position with the desired design surface.
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Major Machine Control System Market Drivers
The major factors that are driving the growth of the global Machine Control Systems are the demising requirement for bulk earthworks set outs and survey pegging using Machine Control Systemss, increasing need for faster work, and better efficiency during tougher timelines, along with the growing workers safety concern and heavy construction machinery. Moreover, the increasing demand for machine guided technologies in developing countries of the Asia-pacific region is creating opportunities for market players, which in turn, is encouraging the growth of the market during the forecast period.
Continuous technological advancement in machine control is providing better efficiencies and safety measures with features that offer a more fast-moving return on investment (ROI). The Machine Control Systems offer remarkable advantages such as reduce rework, enhance work efficiency, cut-down surveying cost, help to increase productivity, and minimize overall operational cost. All these factors that are boosting the growth of the global Machine Control Systems market. However, the high initial investment and shortage of technical expertise are hindering the growth of the market.
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Based on the type, the global navigation satellite systems (GNSS) segment is expected to grow at a higher CAGR during the forecast period. These systems are widely used in ground mapping, precision agriculture, transportation, machine control, construction, mining, surveying, defense, and unmanned vehicles. GNSS technology is being increasingly installed in various construction equipment such as pavers, bulldozers, graders, excavators, among others, to enhance productivity and offer situational alertness to field operators. Additionally, it is used in data management, theft detection application, and task management to improve the accuracy, efficiency, and performance of machines. These factors are further propelling the growth of the GNSS segment during the forecast period.
Based on the Equipment, the paving system segment is projected to grow at a higher CAGR over the forecast period. Highways, airports, tunnels, curbs & gutters, rail track beds, and others, which can be constructed quickly, with high precision, and at a lower cost using these paving systems. In addition to this, the contractors are adopting paving systems, such as slope sensors, sonic sensors, 3D slopes, 3D elevation control, among others, to save cost, time, and efforts, which will fuel the growth of the segment during the forecast period.
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Regional – Segment Analysis
Based on the region, the Asia-pacific region is expected to lead the Machine Control Systems market over the forecast period. Among all Asia-pacific countries, China is expected to be the biggest market contributor in the market owing to the increasing government support for the development of infrastructure projects in China such as Qinghai-Tibet railway and Tibetan expressway. In addition to this, China is investing extensively in various infrastructure projects such as One Belt One Road (OBOR) project, which connects China and Europe through western and central Asia, which is further energizing the market growth in this region. Moreover, the increasing demand for construction equipment due to the growing urbanization and development of various cities in China and other Asia-pacific countries is further propelling the demand for Machine Control Systems during the forecast period.
Top Market Players
Various notable players in the machine control systems market include Hexagon (Leica Geosystems AG), Topcon Corporation, Trimble Inc., Moba Mobile Automation AG, Hemisphere GNSS, Prolec Ltd., EOS Positioning Systems, Caterpillar Inc., Komatsu Ltd., Volvo Construction Equipment, and The Liebherr Group, among others.
Key Developments:
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- In Apr 2019, Leica Geosystems, a part of Hexagon, launched two machine control solutions MC1 and ConX, to further digitalize the construction industry. These solutions help to enhance the productivity and efficiency of the construction industry.
- In Jan 2019, Topcon Positioning GB entered into a partnership with Marubeni-Komatsu, the sole distributor Komatsu construction and mining equipment, to deliver machine control technology. Under this partnership, Marubeni-Komatsu customers can access the full range of Topcon Machine Control Systemss which enabled to Marubeni-Komatsu customer for a more efficient workflow across retrofitted systems
Segments covered in the Report:
The Global Machine Control Systems market has been segmented based on the type, equipment, vertical, and region. Based on the type, the market is segmented into total stations, global navigation satellite systems (GNSS), laser, and sensors. Based on equipment, the market is further segmented into excavators, loaders, graders, dozers, scrapers, and paving systems. Based on vertical, the market is segmented into infrastructure, commercial, residential, and industrial.
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Report Coverage |
Details |
Market Revenues (2022) |
USD 5.9 billion |
Market Base Year |
2022 |
Market Forecast Period |
2023-2030 |
Base Year & Forecast Units |
Revenues (USD billion) |
Market Segment | By Type, By, Equipment, By Vertical, By Region |
Regional Coverage | Asia Pacific, Europe, North America, and RoW |
Companies Profiled | Hexagon (Leica Geosystems AG), Topcon Corporation, Trimble Inc., Moba Mobile Automation AG, Hemisphere GNSS, Prolec Ltd., EOS Positioning Systems, Caterpillar Inc., Komatsu Ltd., Volvo Construction Equipment, The Liebherr Group among others; A total of 10 Companies Covered. |
25% Free Customization Available | We will customize this report up to 25% as a free customization to address our client’s specific requirements |
Market Segmentation
Global Machine Control Systems Market by Type
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- Total Stations
- Global Navigation Satellite Systems (GNSS)
- Laser Scanners
- Sensors
Global Machine Control Systems Market by Equipment
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- Excavators
- Loaders
- Graders
- Dozers
- Scrapers
- Paving Systems
Global Machine Control Systems Market by Vertical
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- Infrastructure
- Commercial
- Residential
- Industrial
Global Machine Control Systems Market by Region
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-
North America Machine Control Systems Market (Option 1: As a part of the free 25% customization)
- North America by Type
- North America by Equipment
- North America by Vertical
- US All-Up
- Canada All-Up
-
Europe Machine Control Systems Market (Option 2: As a part of the free 25% customization)
- Europe by Type
- Europe by Equipment
- Europe by Vertical
- UK All-Up
- Germany All-Up
- France All-Up
- Spain All-Up
- Rest of Europe All-Up
-
Asia-Pacific Machine Control Systems Market (Option 3: As a part of the free 25% customization)
- Asia-Pacific by Type
- Asia-Pacific by Equipment
- Asia-Pacific by Vertical
- China All-Up
- India All-Up
- Japan All-Up
- Rest of APAC All-Up
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RoW Machine Control Systems Market (Option 4: As a part of the free 25% customization)
- RoW by Type
- RoW by Equipment
- RoW by Vertical
- Brazil All-Up
- South Africa All-Up
- Saudi Arabia All-Up
- UAE All-Up
- Rest of world (remaining countries of the LAMEA region) All-Up
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Global Machine Control Systems Market Players (Option 5: As a part of the Free 25% Customization – Profiles of 5 Additional Companies of your Choice)
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- Hexagon (Leica Geosystems AG)
- Topcon Corporation
- Trimble Inc.
- Moba Mobile Automation AG
- Hemisphere GNSS
- Prolec Ltd.
- EOS Positioning Systems
- Caterpillar Inc.
- Komatsu Ltd.
- Volvo Construction Equipment
- The Liebherr Group
Frequently Asked Question About This Report
Machine Control System Market [UP726A-00-0620]
The major participants in the machine control systems market include Hexagon (Leica Geosystems AG), Topcon Corporation, Trimble Inc., Moba Mobile Automation AG, Hemisphere GNSS, Prolec Ltd., EOS Positioning Systems, Caterpillar Inc., Komatsu Ltd., Volvo Construction Equipment, and The Liebherr Group, among others.
The Asia-pacific region is expected to lead the Machine Control Systems market over the forecast period. Among all Asia-pacific countries, China is expected to be the biggest market contributor in the market owing to the increasing government support for the development of infrastructure projects in China.
The significant factors that are accelerating the growth of the Machine Control Systems are the demising requirement for bulk earthworks set outs and survey pegging using Machine Control Systems, increasing need for faster work, and better efficiency during tougher timelines.
Machine Control System Market is expected to grow at 14.1% CAGR during the forecast period.
- Published Date: Nov-2023
- Report Format: Excel/PPT
- Report Code: UP726A-00-0620
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Machine Control Systems Market Size, Share, Trends and Growth Report – Global Opportunities & Forecast, 2023-2030
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