Home News Business Global machine control system market to reach $8.16 billion by 2022: Report

Global machine control system market to reach $8.16 billion by 2022: Report

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The machine control system market in APAC expected to grow at the highest rate between 2016 and 2022.

India: The machine control system market in APAC expected to grow at the highest rate between 2016 and 2022. APAC is expected to be the fastest growing market for machine control systems during the forecast period. The construction industry and the transportation infrastructure are developing in this region. The rising industrialization and

The construction industry and the transportation infrastructure are developing in this region. The rising industrialization and urbanization, as well as the increasing construction and transportation activities, are propelling the growth of the market in this region.

Developing economies such as China and India are undertaking massive infrastructure projects and investing heavily in transportation projects. The market in APAC has been sub-segmented into China, Japan, India, and Rest of APAC.

The complete report on “Global Machine Control System Market” spread across 157 pages, profiling 10 companies and supported with 64 tables and 61 figures are now available here.

The machine control system market for graders expected to grow at the highest rate during forecast period. Graders are used in total stations to get precision while grading, control slope, and elevation of blades. This equipment enhances accuracy and increases productivity, while reducing rework costs.

Thus, total stations are widely used in grading operations. In addition, graders ensure the level or elevation of the jobsite by fine grading using machine control systems. Owing to the precision and flexibility offered by graders in machine control systems, this market is expected to grow at the highest CAGR between 2016 and 2022.

The market for global navigation satellite system (GNSS) to exhibit significant growth between 2016 and 2022. The benefits of systems such as precision, efficiency, and significant reduction in operational costs and reworks are boosting the demand for machine control systems.

GNSSs are integrated with construction equipment such as graders, dozers, scrapers, and airborne systems to increase productivity and provide situational awareness to the field operators. These systems offer increased efficiency and accuracy and are used in applications such as job management, data management, and theft detection.

However, high initial investments and dependence of advanced machine control systems on receiving satellite signals are the major factors restraining the growth of this market.

The construction to hold the largest share of the overall machine control system in 2016. The construction industry is expected to hold the largest share of the global machine control system market in 2016. The use of machine control solutions has greatly revolutionized the construction industry.

This industry holds the largest share of the machine control system market, owing to the increasing construction of commercial buildings, retail spaces, residential buildings, and non-commercial infrastructure worldwide. Moreover, the requirement of machine control systems in the construction industry is expected to increase with the rise in new construction projects.

This research study is obliging for following audience:

  • Associations, organizations, forums, and alliances
  • Component manufacturers of machine control systems
  • Original equipment manufacturers of machine control systems
  • Industries such as construction, transportation, and agriculture, among others
  • Research organizations and consulting companies
  • Semiconductor product designers and fabricators
  • Software and service providers of machine control systems
  • System integrators
  • Technology investors

 

The major players operating in machine control system market include Leica Geosystems (Switzerland), Topcon Corporation (Japan), Trimble Inc. (U.S.), and RIB Software AG (Germany). Some of the other players in the market are MOBA Mobile Automation AG (Germany), Andritz Ltd. (Austria), Belden Inc. (U.S.), Maximatecc (U.S.), Schneider Electric (France), and Prolec Ltd. (U.K.). Make an Inquiry on “Machine Control System Market by Type (Total Stations, GNSS, Laser Scanners, Airborne Systems, GIS Collectors), Equipment (Excavators, Dozers, Graders, Scrapers, Loaders), Industry (Construction, Transportation, Agriculture, Mining) – Global Forecast to 2022″ research report at https://www.rnrmarketresearch.com/contacts/inquire-before-buying?rname=791524 .

In the process of determining and verifying, the market size for several segments and sub segments gathered through secondary research, extensive primary interviews were conducted with key people. In Tier 1 (28%), Tier 2 (38%) and Tier 3 (34%) companies were contacted for primary interviews.

The interviews were conducted with various key people such as C-Level (68%) and Directors Level (32%) from various key organizations operating in the global machine control system market. The primary interviews were conducted worldwide covering regions such as North America (30%), Europe (25%), APAC (30%) and RoW (15%).

Research Coverage: The research report on the global machine control system market covers different segments – type, equipment, industry, and geography. The market, on the basis of type, has been segmented into total stations, GNSS, laser scanners, airborne systems, GIS collectors, and others.

On the basis of equipment, the machine control system market has been segmented into excavators, graders, loaders, dozers, scrappers, paving systems, and drillers & pilers. Also, the machine control system market has been segmented on the basis of industry into construction, transportation, agriculture, waste management, mining, marine, and utilities. The report covers the market in four major geographical regions – North America, Europe, Asia-Pacific (APAC), and Rest of the World (RoW).

On a related note, another research titled Smart Agriculture Market Global Forecast to 2022 says, the smart agriculture market is expected to reach USD 18.45 billion by 2022, at a CAGR of 13.8% between 2016 and 2022. The market for network elements is expected to grow at the highest CAGR.

Precision farming held the largest share of the market in 2015. The market in Asia-Pacific is expected to grow at the highest CAGR in the smart agriculture market. Companies such as Deere & Company (U.S.), Trimble Navigation Ltd. (U.S.), Ag Junction (U.S.), Raven Industries Inc. (U.S.), and AGCO Corporation (U.S.) have been profiled in this 145 pages research report available here.