DUBLIN–(BUSINESS WIRE)–The “Machine
Control System Market by Type (Total Stations, Global Navigation
Satellite Systems, Laser Scanners, Sensors), Equipment (Excavators,
Loaders, Graders, Dozers, Scrapers, Paving Systems), Vertical, and
Region – Global Forecast to 2024” report has been added to ResearchAndMarkets.com’s
offering.
The machine control system market is expected to grow from USD 4.5
billion in 2019 to USD 6.6 billion by 2024, growing at a CAGR of 8.16%.
Major factors driving the machine control system market growth are the
elimination of the need for bulk earthworks set out and survey pegging
using machine control systems and the need for faster work and more
efficiency during tighter timelines. However, high initial investment
and a dearth of technical expertise are the factors that hinder the
market growth.
Rising demand for machine-guided technologies in emerging economies in
APAC create opportunities for market players, whereas maintaining
reliability and accuracy of data offered by machine control systems
based on GNNS technology is a major challenge for these market players.
Topcon (Japan), Trimble (US), Hexagon (Sweden), MOBA Mobile Automation
(Germany), Hemisphere GNSS (US) and Eos Positioning Systems (US) are a
few major players in the machine control system market.
Infrastructure vertical is expected to hold largest share of
machine control system market during forecast period
The infrastructure vertical is expected to hold the largest share of the
machine control system market during the forecast period. In
infrastructural projects, machine control solutions are primarily used
while laying rail tracks, banking of roads, building tunnels through
mountains or underwater, building airports and airstrips, and building
bridges, among various other tasks.
Population growth and internal migration in APAC over the past decade
have prompted governments to continue to increase expenditure on
infrastructure. APAC has also been witnessing a growing number of
airports, dams, hydroelectric projects, roads, and bridges. The Middle
East has also seen tremendous growth in infrastructure in the past 2
decades; the infrastructure spending in the region is projected to
continue in the next 5 years.
The market for machine control systems deployed in
excavators is expected to hold the largest share during the forecast
period
The market for machine control systems deployed in excavators is
expected to hold the largest share during the forecast period.
Excavators are used for several purposes, such as digging, material
handling, forestry work, demolition, general grading, mining, and snow
removal. It consists of a boom, dipper (or stick), bucket, and cabin on
the rotating platform, which is known as house.
The movements of the excavator are accomplished by hydraulic fluids,
cylinders, and motors. The market for excavators is largely driven by
its benefit of faster, more precise, and more efficient excavation.
Excavators usually have a control system mounted on them to enhance
flexibility, accuracy, and efficiency at the construction site.
Machine control system market in APAC is projected to hold
the largest share and grow at highest CAGR during forecast period.
Machine control system market in APAC is projected to hold the largest
share and grow at highest CAGR during forecast period. This market is
further divided into China, Japan, and the Rest of APAC. Rest of APAC
primarily includes India, Australia, Taiwan, Singapore, Thailand,
Malaysia, Indonesia, Vietnam, and the Philippines. China is the largest
market among all APAC countries. Advancements in agricultural practices
involving precision farming have accelerated growth of the agriculture
industry.
The Australian government is enhancing transport systems, and use of
machine-guided solutions in the transportation industry is expected to
grow. Australian rail is among the most modern and sophisticated
transport in the world. Rapid urbanization and development and expansion
of new cities are the key factors driving the growth of the
infrastructure sector, including construction and transportation.
Key Topics Covered
1 Introduction
1.1 Study Objectives
1.2
Definition
1.3 Study Scope
1.4 Currency
1.5 Package Size
1.6
Limitations
1.7 Stakeholders
2 Research Methodology
2.1 Research Data
2.2
Market Size Estimation
2.3 Market Breakdown and Data Triangulation
2.4
Research Assumptions
3 Executive Summary
4 Premium Insights
4.1 Attractive Opportunities in
Machine Control System Market
4.2 Machine Control System Market, By
Type
4.3 Machine Control System Market, By Equipment
4.4
Machine Control System Market for Excavators, in Terms of Volume, By
Type and Region
4.5 Machine Control System Market, By Geography
5 Market Overview
5.1 Introduction
5.2 Market
Dynamics
5.2.1 Drivers
5.2.1.1 Elimination of Need for Bulk
Earthworks Setout and Survey Pegging Using Machine Control Systems
5.2.1.2
Need for Faster Work and More Efficiency During Tighter Timelines
5.2.1.3
Safety Concerns Related to Workers and Heavy Construction Machinery
5.2.2
Restraints
5.2.2.1 High Initial Investment
5.2.2.2 Dearth of
Technical Expertise
5.2.3 Opportunities
5.2.3.1 Growing Demand
for Machine Guided Technologies in Developing Countries in APAC
5.2.4
Challenges
5.2.4.1 Maintaining Reliability and Accuracy in Data
Provided By Machine Control Systems Based on GNSS Technology
6 Machine Control System Market, By Type
6.1
Introduction
6.2 Total Stations
6.2.1 Total Stations are Used
for 3D Grade Control Systems
6.3 Global Navigation Satellite
Systems (GNSS)
6.3.1 GNSS is the Most Commonly Used Machine Control
System
6.4 Laser
6.4.1 Lasers are Mostly Used to Provide
Elevation Control
6.5 Sensors
6.5.1 Angle Sensors and
Rotational Sensors are Used for Machine Control System
7 Machine Control System Market, By Equipment
7.1
Introduction
7.2 Excavators
7.2.1 Excavators are Used for
Several Purposes, Such as Digging, Material Handling, Forestry Work,
Demolition, and General Grading
7.3 Loaders
7.3.1 Loaders are
Mostly Used in Construction to Move Construction Material, and
Demolition Remains
7.4 Graders
7.4.1 Graders are Used to
Precisely Level the Ground
7.5 Dozers
7.5.1 Dozers are Used in
Mines, Quarries, Heavy Industrial Engineering Projects, and Farms
7.6
Scrapers
7.6.1 Scrapers are Used in Earthmoving, Mining,
Construction, and Agriculture Applications
7.7 Paving Systems
7.7.1
Machine Control Systems for Paving Systems Comprise Sonic Sensors, Slope
Sensors, Contact Sensors, 3D Slopes, and 3D Elevation Control
8 Machine Control System Market, By Vertical
8.1
Introduction
8.2 Infrastructure
8.2.1 Infrastructure is the
Largest Vertical for Machine Control Systems Market
8.3 Commercial
8.3.1
Commercial Vertical is Expected to Grow at Fastest Rate in Machine
Control Systems Market
8.4 Residential
8.4.1 Residential is
One of the Fastest Growing Verticals for Machine Control System
8.5
Industrial
8.5.1 Industrial is an Upcoming Vertical for Machine
Control System
9 Geographic Analysis
9.1 Introduction
9.2
North America
9.2.1 US
9.2.1.1 US is Expected to Continue to
Command the Machine Control System Market in North America
9.2.2
Canada
9.2.2.1 Factors Such as High Demand for Technologically
Advanced Equipment Drive Machine Control Market in Canada
9.2.3
Mexico
9.2.3.1 Expansion in Construction Activities Coupled With
the Government Support is Driving the Demand for Machine Control System
in Mexico
9.3 Europe
9.3.1 Germany
9.3.1.1 Germany is A
Major Market for Machine Control System in Europe
9.3.2 UK
9.3.2.1
Increasing Government Initiatives to Meet Infrastructure Demands is
Expected to Drive the Machine Control System Market in the UK
9.3.3
France
9.3.3.1 Government’s Investment in Construction Industry
Expected to Drive the Machine Control System Market in France
9.3.4
Rest of Europe (RoE)
9.4 Asia Pacific (APAC)
9.4.1 China
9.4.1.1
China Accounts for the Largest Share of the Machine Control System
Market in APAC
9.4.2 Japan
9.4.2.1 Growing Investments in
Residential and Infrastructure Markets are Expected to Boost Machine
Control System Market in Japan
9.4.3 Rest of APAC
9.5 Rest of
the World (RoW)
9.5.1 Middle East & Africa (MEA)
9.5.1.1
Key Countries Driving Machine Control System Market in Middle East &
Africa Include Qatar, Israel, Saudi Arabia, and the UAE
9.5.2 South
America
9.5.2.1 Rapid Construction of Residential and Commercial
Buildings are Expected to Drive the Demand for Machine Control System
Market in South America
10 Competitive Landscape
10.1 Overview
10.2
Ranking Analysis of Key Players in Machine Control System Market
10.3
Competitive Situations and Trends
10.3.1 Product Launches
10.3.2
Agreements, Partnerships, Collaborations, & Contracts
10.3.3
Acquisitions
10.3.4 Expansions
10.4 Competitive Leadership
Mapping, 2018
10.4.1 Visionary Leaders
10.4.2 Dynamic
Differentiators
10.4.3 Innovators
10.4.4 Emerging Companies
11 Company Profiles
11.1 Introduction
11.2
Machine Control System Providers
11.2.1 Hexagon (Leica Geosystems
AG)
11.2.2 Topcon Corporation
11.2.3 Trimble Inc.
11.2.4
Moba Mobile Automation AG
11.2.5 Hemisphere GNSS
11.2.6 Prolec
Ltd.
11.2.7 EOS Positioning Systems
11.3 Construction
Equipment Providers
11.3.1 Komatsu Ltd.
11.3.2 Caterpillar
11.3.3
Volvo Construction Equipment
11.3.4 Liebherr
11.3.5 JCB
11.3.6
Kobelco Construction Machinery Co. Ltd.
11.3.7 Hitachi Construction
Machinery Co. Ltd.
11.3.8 Hyundai Construction Equipment Co. Ltd.
For more information about this report visit https://www.researchandmarkets.com/r/fs6wyq
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Related Topics: Industrial
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