Machine Control System Market Research Report 2019: Industry Size, Share, Trends, Growth, Sales, Revenue, Risk and Opportunity Assessment with Regional Analysis and Segmentation By End User (Agriculture, Construction, Marine), by Type (GNSS, Total Station, Laser Scanner), by Equipment (Excavator, Grader, Dozer, Loader, Scraper) – Forecast till 2023
Market Research Future (MRFR) identifies the following companies as the key players in the machine control system market – ABB Group, Leica Geosystems, Topcon Corporation, Trimble Inc., RIB Software AG, Andritz, Belden Inc., Schneider Electric, and Mitsui Co. among others.
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The rise in utility of machine control systems in machineries, such as rollers, excavators, cold planers, pavers, and others is observed to boost the expansion of the global machine control system market, reveals Market Research Future (MRFR). MRFR in its latest “Machine Control System Market” report, states that the global market of machine control system due to its wide application across construction, transportation, agriculture, and other sectors is expected to register a 14% CAGR during the forecast period (2017 to 2023) and reach a valuation of generate USD 8 billion by 2023.
Increase in number of constructions across different countries due to expansion of the global population base is surging the need for machine control system. This, in turn, is expected to expected to spur the worldwide machine control system market growth in the coming years. Technological advancements and new ideas are supporting developments in the construction industry. Another factor that is observed to largely impact the machine control system market is the adoption of 3D virtualization over 2D visualization in the construction industry. For example, HoloLens that enable 3D virtualization is now being used in the construction sector that is transforming the working and operations of building construction.
Other factors that can driver the global machine control system market are the swapping of traditional survey pegs with positioning systems and increase in residential, commercial, and industrial construction projects. On the downside, lack of technical expertise, trained personnel, and high costing of training can hinder the machine control system market growth.
- Global Machine Control System market was valued at USD 4 Billion in 2017. The market is projected to reach USD 8 Billion by 2023, expanding at a CAGR of 14.12% over the forecast period.
- By type, total stations segment is leading the market in 2017 and is expected to grow with 14% CAGR. Whereas, GNSS is expected to be the fastest growing market mounting with the highest CAGR of 16.10%.
- By end-user, the construction industry is expecting high growth in the coming years due to investment by government authorities for the development of advanced infrastructure globally.
- Geographically, North America region has been projected to hold the largest market share in global machine control system market followed by Asia Pacific region, while Europe ranks third in the Machine Control System market.
The global market of machine control system is assessed by equipment, type, and end user.
The type-based segments of the machine control system market are laser scanners, global navigation satellite system, total stations, and GIS controllers. The total stations segment is likely to contribute largely to the expansion of the global market of machine control system. It is expected to expand at 14% CAGR during the review period. The GNSS segment is likely to thrive at 16.10% CAGR in the assessment period. The equipment-based segments are dozers, excavators, scrapers, loaders, and graders. The end-users-based segments of the market are mining, agriculture, construction, and marine. The construction segment is likely to register a high growth rate in the years to come due to hefty investment made by government for the development of advanced infrastructure across the globe.
Europe, Asia Pacific, North America, and the Rest of the World are regional segments of the machine control system market. The market in North American is expected to expand at a high pace due to the rapid proliferation of the construction sector and growing inclination towards automation. In the US, it is due to the growing need for process instrumentation the machine control market is expected to thrive at a high CAGR. In addition, machine control system is observed to play a crucial role in the agricultural industry. The ease of availability of robust machineries for construction and the strong economic strength are expected to support the expansion of the machine control system market in North America. In Asia Pacific, the need for highway construction and the availability of proficient OEMs and aftermarket services, along with the presence of several automaker giants are likely to surge the regional machine control system market in the region. Moreover, the strategic partnership among prominent player of the market can work in favor of it.
- Component manufacturers
- Original equipment manufacturers (OEMs)
- Integrated device manufacturers (IDMs)
- Original design manufacturers (ODMs)
- Assembly, testing, and packaging vendors
- Suppliers and distributors
- Technology investors
- Research institutes
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Table of Contents
1 Executive Summary
2 Scope of the Report
2.1 Market Definition
2.2 Scope of the Study
2.2.1 Research Objectives
2.3 Market Structure
3 Research Methodology
3.1 Research Process
3.2 Primary Research
3.3 Secondary Research
3.4 Market Size Estimation
3.5 Forecast Model
List of Tables
Table 1 Global Optical Network Hardware Market, by Equipment, 2017-2023 (Usd Million)
Table 2 Global Optical Network Hardware Market, by Application, 2017-2023 (Usd Million)
Table 3 Global Optical Network Hardware Market, by Region, 2017-2023 (Usd Million)
Table 4 North America Optical Network Hardware Market, by Country, 2017-2023 (Usd Million)
Table 5 North America Optical Network Hardware Market, by Equipment, 2017-2023 (Usd Million)
Table 6 North America Optical Network Hardware Market, by Application, 2017-2023 (Usd Million)
Table 7 U.s. Optical Network Hardware Market, by Equipment, 2017-2023 (Usd Million)
Table 8 U.s. Optical Network Hardware Market, by Application, 2017-2023 (Usd Million)
List of Figures
Figure 1 Top Down & Bottomup Approach
Figure 2 Forecast Model
Figure 3 Supply Chain Analysis
Figure 4 Porter’s Five Forces Analysis of Global Optical Network Hardware Market
Figure 5 Global Optical Network Hardware Market, by Equipment, 2017-2023 (Usd Million)
Figure 6 Global Optical Network Hardware Market, by Application, 2017-2023 (Usd Million)
Figure 7 Global Optical Network Hardware Market, by Region, 2017-2023 (Usd Million)
Figure 8 Global Optical Network Hardware Market, by Region: Impact Analysis
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