Global Machine Control System Market Analysis 2022
The Global Machine Control System Market is expected to reach $12.94 billion by 2028 growing at a CAGR of 12.2% from 2021 to 2028. The machine control system manages, regulates, commands, or directs the behaviour of other devices. The system is principally used to accurately locate earthwork machinery, which is based on 3D design models and GPS systems, thereby helping the machine operators to control the position of the equipment.
Factors such as growing safety concerns associated with workforce and heavy construction equipment’s need for quicker work and effectiveness during tighter timelines and growth of construction industry are driving the growth of the market. However, high initial investment is restraining the growth of the market.
Based on type, the geographic information system (gis) collectors segment is going to have a lucrative growth during the forecast period, as 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.
The key vendors mentioned are Trimble Inc, Topcon Corporation, Schneider Electric, RIB Software AG, Prolec Ltd, Moba Mobile Automation AG, Mitsui Co, Komatsu Ltd, Hexagon (Leica Geosystems AG), Hemisphere GNSS, EOS Positioning Systems, Caterpillar, Belden Inc, Andritz, ABB Group.
Types Covered:
Learn how to effectively navigate the market research process to help guide your organization on the journey to success.
Download eBook