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 The machine control system market is expected to be valued at USD 8.16 Billion by 2022, growing at a CAGR of 13.9% between 2016 and 2022. The factors that are driving the growth of the market include the rising demand for precision and the enhanced productivity and optimized operations in the construction, transportation, and agriculture industries. Browse 64 market data tables and 61 figures spread through 157 pages and in-depth TOC on â€œMachine Control System Market - Global Forecast to 2022" http://www.marketsandmarkets.com/Market-Reports/machine-controlsystem-market-62579001.html Total stations are expected to hold the largest share of the machine control system market in 2022. A total station is a comprehensive solution for grading; it provides the 3D visualization of the grading sites with the help of hydraulics mounted with GNSS or GPS systems. The handling of total stations is easier than that of other devices such as GNSSs and laser scanners, in terms of flexibility. Total stations can simultaneously do the job of graders, laser scanners, and scrapers. Due to these factors, the adoption of total stations is expected to increase during the forecast period. The machine control system market was dominated by companies such as Leica Geosystems (Switzerland), Topcon Corporation (Japan), Trimble Inc. (U.S.), and RIB Software AG (Germany). These players rely on their strong R&D capabilities and a balanced product portfolio to increase their customer base in the machine control system market.
North America led the global machine control system market in 2015. Factors such as extensive construction projects, including commercial and noncommercial buildings and highways; advancements in the agriculture sector; and emerging economies such as Mexico are driving the growth of the machine control system market in North America. Download PDF Brochure : http://www.marketsandmarkets.com/pdfdownload.asp?id=62579001 Excavators, dozers, graders are some of the types of equipment used in industries such as agriculture, mining, and construction of roads and rails, among others. These systems are installed in equipment to cater to the constant pressure to improve productivity, efficiency, and safety in earthmoving activities. Excavators, dozers, and graders, among other equipment, are expensive and their integration with machine control systems further increases the cost of integration and implementation. Thus, it is expensive for construction and mining operators to purchase or rent such equipment integrated with machine control systems. The initial cost required for the purchase of any of the equipment, followed by its integration with machine control, makes the investment high for the manufacturers. Thus, even though the machine control technology helps in completing the projects faster and at a lower cost, with high accuracy, the high initial investments restrain the market growth. About MarketsandMarkets MarketsandMarkets is the largest market research firm worldwide in terms of annually published premium market research reports. Serving 1700 global fortune enterprises with more than 1200 premium studies in a year, M&M is catering to a multitude of clients across 8 different industrial verticals. We specialize in consulting assignments and business research across high growth markets, cutting edge technologies and newer applications. Our 850 fulltime analyst and SMEs at MarketsandMarkets are tracking global high growth markets following the "Growth Engagement Model â€“ GEM". The GEM aims at proactive
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Published on Feb 15, 2017
The machine control system market was valued at USD 3.36 Billion in 2015 and is expected to grow at a CAGR of 13.9% between 2016 and 2022.