Global Machine Control System Market Analysis & Trends - Industry Forecast to 2030
Machine Control System: Market Size
From $6.03 billion in 2024, the global Machine Control System market is projected to reach $11.66 billion by 2030. Based on our analysis the market is expected to grow at a CAGR of 11.6% from 2024 - 2030 timeframe. Some of the prominent trends that the market is witnessing include the rising trend of 3D modeling and scanning across industries, safety concerns associated with workers and heavy construction machinery, and the rise in need for precision in the control and navigation of heavy.
Global Machine Control System Market: Market Dynamics
Some of the factors such as elimination of bulk earthworks set out and survey pegging, the requirement of faster work and maximum efficiency in tightly scheduled infrastructure projects, and safety concerns associated with workers and heavy construction machinery are driving the market growth.
On the other hand, the requirement of high initial investment is likely to obstruct the profit boundaries. In addition, augmentation of holographic computing in construction will further boost the Machine Control System market.
Impact of COVID-19 on Machine Control System
COVID-19 has severely impacted the global economy and all the industries throughout the world. The COVID-19 pandemic had a high impact on the construction industry globally, especially in 2020. Construction sites in different parts of the world were forced to shut down due to lack of raw materials, economic problems, and workforce shortage. Furthermore, the imposition of lockdowns worldwide halted many ongoing and planned projects, which affected the demand for machine control systems and other equipment in the construction industry. However, with the upliftment of lockdowns and vaccine rollouts, the industry has gained momentum in 2021 and is expected to recover at a fast pace. Hence, it is expected that the demand for machine control systems is expected to grow steadily during the forecast period.
By Type
Geographic information system (GIS) collectors Segment Dominate the Market in 2024
The geographic information system (GIS) collectors segment made huge revenue in 2024 during the forecast period. GNSS has applications in a variety of fields. It is installed in equipment such as bulldozers, pavers, and other farm machinery to increase productivity and offer situational alertness to the field operators. They help increase the accuracy of machines and are used in task management, data management, and theft detection applications.
By Geography
Asia Pacific Region is Leading in the Global Market Place
Asia Pacific region is likely to have a huge demand in the forecast period owing to the advancements in agricultural practices involving precision farming. China is the largest market among all countries in the region. The Chinese government supports the expansion of infrastructural projects which is a major factor that propels the growth of the Machine Control System Market.
List of the Key Players Profiled in the Market Include: • Komatsu Ltd
• Belden Inc
• Topcon Corporation
• Trimble Inc
• Prolec Ltd
• Andritz
• ABB Group
• Hexagon (Leica Geosystems AG)
• Moba Mobile Automation AG
• RIB Software AG
• Mitsui Co
• EOS Positioning Systems
• Hemisphere GNSS
• Caterpillar
• Schneider Electric
List of the Regions/Countries Profiled in the Market Include: North America
• US
• Canada
• Mexico
Europe
• Germany
• U.K
• Italy
• France
• Spain
• Rest of Europe
Asia Pacific
• China
• Japan
• India
• Australia
• New Zealand
• Rest of Asia Pacific
Middle East
• Saudi Arabia
• UAE
• Rest of Middle East
Latin America
• Argentina
• Brazil
• Rest of Latin America
Rest of the World (RoW)
• South Africa
• Others