Machine Control System Market

Machine Control System Market Industry Overview:

Machine control systems use innovation such as GIS, GNSS, laser scanning, and robotics to examine the working regions as well as identify points where heavy earthmoving apparatus need to be positioned. These systems are employed for the positioning & safety of work environment. The monitoring & surveying of the correct positioning of machines monitors and offers safety to the users of the machines along with the machines. The right positioning of the earthmoving equipment witnesses the beginning of work & ensures a protected environment. It enables the effectiveness of working by improving the speed and precision in the earthmoving & construction work. The rising demand for accuracy in control & navigation of heavy machinery is expected to boost the global machine control system market growth. The global Machine Control System market was valued at USD 4.91 billion in 2020 and is likely to reach USD 10.28 billion by 2028, at a CAGR of 11.1%.

Machine Control System Market Segmentation:

By product, the global machine control system market is classified into total stations, GNSS, laser scanners, and airborne. The GNSS segment garnered the highest market share of more than 38% in 2020. This is mainly attributed to GNSS’s deployment on scrapers, graders, dozers, airborne systems, and excavators. The use of GNSS for agriculture, UAV, agriculture, ground mapping, mining, and defense, among others. Also, it offers high accuracy and efficiency for the correct positioning of heavy machinery, thus promises enhanced productivity. The total station segment is likely to register a steady CAGR of around 10% during the review period. This is due to high product modification and ease in the deployment. Therefore, the minimal installation time and cost reduced complexity are expected to boost the segment growth.

Based on equipment, the global machine control system market has been generated into excavators, loaders, paving systems, graders, and others. The excavators held the largest market share of almost 60% in 2020. This is mainly ascribed to the wide usage of excavators for digging, forestry work, snow removal, waste management, grading, mining, etc. Excavators offer productivity and flexibility while lowering downtime and excavation costs. Moreover, excavators are more efficient, precise, and faster in construction and digging applications, thereby bolstering the segment growth.

On the basis of end use, the global machine control system market has been segmented into construction, agriculture, mining, oil & gas, marine, and others. The construction segment witnessed the largest share of around 46% in 2020. This is mainly ascribed to the growing urbanization and significant on-going infrastructure projects adopted by emerging economies. The construction sites employ large number of employees and growing demand for safety measures have resulted in the adoption of machine control systems in the construction industry. In addition, rising demand for sustainable structures has propelled the product demand for the construction of residential, commercial, and retail buildings.

Machine Control System Market Dynamics and Factors:

The surge in demand for precision in control & navigation of heavy as well as the strong adoption due to less complexity when compared to conventional guidance systems bolsters the global machine control system market growth. The growth of the machine control system industry is majorly driven by 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. The high deployment of such advanced methods which help contractors in improving their projects under budgets and ahead of scheduled deadlines as well as benefits offered by the system such as the reduction of the field and facilitate efficient usage of resources augment the global machine control system market industry growth. The pandemic has significantly affected the global machine control system market growth due to shut down of operations as well as limited production activities in construction, oil & gas, and mining, further negatively impacted the global machine control system market growth.

Machine Control System Market Geographical Analysis:

The North America market garnered the highest market share of around 42% in 2020. This is mainly attributed to the strong construction industry as well as development in the agricultural activities. Moreover, robust mining activities and ongoing oil & gas drilling activities further boost the regional and global machine control system market growth. In addition, surging infrastructure projects such as building of highways and bridges in the US and Canada are likely to positively impact the industry growth. Furthermore, growing demand for automation and process instrumentation in construction activities increases the product usage. The Asia Pacific market is projected to grow at the highest CAGR in the coming years owing strong construction activities in India and China. Also, government in these countries have taken projects to improve the aging infrastructure such as roads, tunnels, and sewage plants, thereby promulgating the product consumption.

Machine Control System Market Report Scope

Key Market Segmentation

Machine Control System Market - By Product

 o   Total Stations

 o   GNSS

 o   Laser Scanners

 o   Airborne

Machine Control System Market - By Equipment

 o   Excavators

 o   Loaders

 o   Paving Systems

 o   Graders

 o   Others

Machine Control System Market - By End Use

 o   Construction

 o   Agriculture

 o   Mining

 o   Oil & Gas

 o   Marine

 o   Others

Machine Control System Market - By Region

North America

 o   US

 o   Canada

 o   Mexico

Europe

 o   Germany

 o    UK

 o    France

 o    Italy

 o   Spain

 o   Russia

 o   Benelux

 o   Nordics

 o   Rest of Europe

 Asia-Pacific

 o    China

 o    India

 o    Japan

 o    South Korea

 o    Rest of Asia-Pacific

 Middle East and Africa

 South America