Machine Control System Market To Witness And Outstanding Growth By Forecast 2020 To 2027

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Machine Control System Market Research Report, By End User (Agriculture, Construction, Marine), By Type (GNSS, Total Station, Laser Scanner), By Equipment (Excavator, Grader, Dozer, Loader, Scraper) – Forecast till 2027

Market Overview

 

The global Machine Control System market is expected to reach USD 8 Billion during the forecast period which was recorded at USD 4 Billion during the historic forecast period registering a CAGR growth of around 14.12%.

 

Machine control systems are widely employed in a variety of industries, including construction, agriculture, transportation, and others. The building industry is growing thanks to new ideas and technologies. Rising construction and infrastructure development activities around the world, which involve a variety of heavy machinery, are key factors driving market expansion. Furthermore, the growing population and increasing urbanization rate in emerging regions promote the growth of the machine control system market.

 

The recent coronavirus epidemic has had an impact on companies all across the world, hastening de-globalization and disrupting manufacturing logistics. During the lockdown, businesses faced a variety of challenges, including procuring raw materials and delivering finished goods, as well as attracting labor. As a result of this predicament, automation and control have become the only viable options. Manufacturing organizations were forced to consider new automation and control technologies to counter higher wages. As a result, the worldwide machine control system market is gaining traction and seeing increased expenditures in automation.

 

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Market Segmentation

 

Based on the type, the worldwide machine control system market is segmented into global navigation satellite systems (GNSS), laser scanners, total stations, GIS controllers, and others.

Based on the equipment, the worldwide machine control system market is segmented into dozers, excavators, loaders, scrapers, graders, and others. 

 

Based on the end-users, the worldwide machine control system market is segmented into construction, mining, agriculture, marine, and others.

 

Based on the Region, the worldwide machine control system market is segmented into The Americas (US, Canada, Mexico, Rest-of-North America), Europe (Germany, UK, France, Italy, and Rest-of-Europe), Asia Pacific (China, Japan, India, South Korea, and Rest-of-the-APAC), and Rest-of-the-World.

 

Regional Classification

 

North America has been the market leader during the historic forecast period, and this trend is likely to continue during the forecast period. Machine control system market growth is fueled by factors such as the construction industry's rapid expansion and the increased automation of instrumentation operations across industries. Furthermore, advances in agricultural operations and improved network infrastructure have increased the market size for machine control systems. Because of the well-established construction industries and rapid expansion in the agriculture sector, the US market dominates the regional market, followed by Canada. In the automotive, aerospace, and food and beverage industries, the Mexican machine control industry has a lot of promise.

 

Europe holds the second-largest market share in the world. Market expansion is aided by factors such as increased demand for machine control systems in the food industry as a result of stringent regulations and high healthcare spending. Furthermore, the region's large number of medical device makers, as well as strong demand for personal care and cosmetics items, drive machine control system revenue growth.

 

Industry News

 

The major key players in the market are Leica Geosystems, ABB Group, Topcon Corporation, RIB Software AG, Trimble Inc., Andritz, Belden Inc., Mitsui Co., and Schneider Electric. Technology providers are increasingly competing with one another and with local enterprises that are becoming more aware of the industry's laws and suppliers. As a result, leading businesses look for ways to integrate across the whole value chain while focusing on growing manufacturing facilities, RD investments, and activities to obtain a competitive advantage.

 

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