Machine Control System Market Size, Share & Trends

Machine Control System Market Size, Share and Trends by Type (Total Stations, GNSS, Laser Scanners, Sensors), Equipment (Excavators, Loaders, Graders), Vertical (Infrastructure, Commercial, Residential, Industrial) and Region - Global Forecast to 2028

Report Code: SE 4828 Jun, 2023, by marketsandmarkets.com

Updated on : September 27, 2024

Machine Control System Market Size & Share

[225 Pages Report] The global machine control system market size is projected to grow from USD 5.1 billion in 2023 to USD 7.3 billion by 2028 at a CAGR of 7.4% during the forecast period. The growth of the machine control system market is majorly driven by the safety concerns related to workers and heavy construction machinery and anticipated demand from growing construction industry.

Machine Control System Market

Machine Control System Market

Machine Control System Market Forecast to 2028

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Machine Control System market Trends

Driver: Safety concerns associated with workers and heavy construction machinery

The implementation of machine control systems in heavy construction equipment significantly enhances safety for workers on construction sites. One of the main safety concerns in the heavy construction industry is the risk of accidents and collisions between machinery and workers. Machine control systems address this concern by providing operators with real-time feedback on the location of workers and potential obstacles. By incorporating proximity sensors or cameras, these systems can alert operators of potential collisions, reducing the risk of accidents and injuries. In addition, limited visibility that operators may face due to blind spots in large construction equipment. Machine control systems help overcome this issue by incorporating additional sensors and cameras that provide operators with a comprehensive view of their surroundings. This improved visibility enables operators to navigate the construction site safely and avoid accidents caused by inadequate sightlines.

Restraint: Requirement of high initial investments

Machine control systems involve the integration of advanced technologies and hardware components. These technologies, such as GNSS receivers, sensors, controllers, and displays, are critical for precise positioning, guidance, and control of heavy construction machinery. The development, production, and integration of these advanced technologies incur significant research and development (R&D) costs, which contribute to the overall investment. Moreover, machine control systems require specialized software algorithms and user interfaces to process data, provide real-time feedback, and facilitate seamless communication between the operator and the machinery. Developing and implementing these software components involves substantial investment in terms of software development, testing, and customization.

Opportunity: Rising trend of 3D modeling and scanning across industries

Construction activities such as planning, monitoring individual machine performance, and managing onsite communications require a large variety of surveying technologies and efficient systems to share and utilize the information at a construction site. Before the commencement of a construction project, surveyors collect information on the existing infrastructure through aerial images, ground surveys, and cadastral data. This information is then combined with environmental and other background data. 3D modeling is becoming an integral part of these early phases to enable swift design and conception of the project. The 3D models of construction projects are developed with the help of GNSS, total stations, theodolites, UAVs, and laser scanners.

Challenge: Sustaining reliability and accuracy in data provided by machine control systems based on GNSS technology

In industries such as construction and agriculture, drilling and piling, paving, grading, and construction positioning solutions, among many others, require advanced machine-guided technology in which 3D view and GNSS satellite technologies are utilized for effective operations. However, signal interference which can arise from atmospheric conditions, multipath reflections, and electronic interference. These interferences can disrupt the GNSS signals, leading to inaccuracies in the positioning data received by the machine control system. Additionally, signal blockage can occur in areas with dense foliage, urban environments, or around tall structures, causing degraded signal quality and unreliable positioning data. The geometry of the satellites in view is another factor that affects accuracy, as an unfavorable arrangement can introduce errors or uncertainties.

Machine Control System Market Segmentation

GNSS is expected to grow at the highest CAGR during the forecast period.

GNSS (Global Navigation Satellite System) is expected to witness the highest CAGR for machine control system industry during the forecast period. GNSS technology offers precise positioning capabilities, enabling machine control systems to accurately locate and control heavy machinery. This level of accuracy is crucial in industries such as construction, agriculture, and mining, where precise positioning is essential for tasks like grading, excavation, or crop management. Furthermore,  GNSS systems provide global coverage, allowing machine control systems to operate effectively in various geographical locations. This global reach makes GNSS a versatile and widely applicable technology across industries, driving its adoption and contributing to market growth.

Excavators are expected to account for the largest share of the market during the forecast period.

Excavators are expected to witness largest share during the forecast perios is attributed to the wide use of excavators in various infustries such as construction, mining, and infrastructure development. They play a crucial role in tasks like excavation, trenching, grading, and material handling. The versatility and extensive application of excavators across different sectors contribute to their dominant presence in the machine control system market. Furthermore, machine control systems offer significant benefits when integrated with excavators. These systems provide real-time positioning and control, allowing operators to accurately and efficiently perform excavation tasks. Machine control systems enhance the precision and productivity of excavators by providing automated guidance, accurate depth control, and intelligent control features. This integration helps optimize performance, reduce errors, and enhance overall operational efficiency.

Machine Control System Market Regional Analysis

The machine control system market in Asia Pacific is projected to grow at the highest CAGR during the forecast period.

Asia Pacific is likely to be the fastest-growing region in the machine control system market. the region is witnessing significant economic growth, accompanied by rapid urbanization and infrastructure development. Countries like China, India, and Southeast Asian nations are investing heavily in construction projects, transportation networks, and smart city initiatives. These developments drive the demand for machine control systems to improve efficiency, productivity, and precision in construction and infrastructure activities. Furthermore, the agricultural sector in the Asia Pacific region is experiencing a shift towards precision agriculture practices. Farmers are adopting technologies like GPS-guided machinery, drones, and sensor-based systems to optimize crop management, increase yield, and reduce resource usage. Machine control systems enable precise guidance and control of agricultural machinery, enhancing productivity and sustainability in the sector.

Machine Control System Market by Region

Machine Control System Market by Region

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Top Machine Control System Companies - Key Market Players:

The machine control system companies have implemented various types of organic as well as inorganic growth strategies, such as product launches, product developments, partnerships and, collaborations, to strengthen their offerings in the market. 

  • Topcon (Japan),
  • Trimble Inc. (US),
  • Hexagon AB (Sweden),
  • MOBA Mobile Automation AG (Germany),
  • Hemisphere GNSS, Inc. (US),
  • Komatsu (Japan),
  • Caterpillar (US), and and
  • EOS Positioning Systems, Inc. (US).

The study includes an in-depth competitive analysis of these key players in the machine control system market with their company profiles, recent developments, and key market strategies.

 Machine Control System Market Report Scope :

Report Metric

Details

Estimated Market Size USD 5.1 billion in 2023
Projected Market Size USD 7.3 billion by 2028
Growth Rate CAGR of 7.4%

Years considered

2019–2028

Base year considered

2022

Machine Control System Market TrendsForecast period

2023–2028

Forecast units

Value (USD million/billion)

Machine Control System Market Segments covered

  • By Type,
  • By Equipment,
  • By Vertical, and
  • By Region

Regions covered

  • North America,
  • Asia Pacific,
  • Europe, and
  • Rest of World

Companies covered

Topcon (Japan), Trimble Inc. (US), Hexagon AB (Switzerland), MOBA Mobile Automation AG (Germany), Hemisphere GNSS, Inc. (US), and EOS Positioning Systems, Inc. (US). A total of 25 players covered.

Final Report Title Machine Control System Market Highlights

Segment

Subsegment

Machine Control System Market SizeBy Type

  • Total Stations
  • Global Navigation Satellite Systems (GNSS)
  • Laser Scanners
  • Sensors

By Equipment

  • Excavators
  • Loaders
  • Graders
  • Dozers
  • Scrapers
  • Paving Systems

Machine Control System Market ShareBy Vertical

  • Infrastructure
  • Commercial
  • Residential
  • Industrial

By Region

  • North America
    • US
    • Canada
    • Mexico
  • Europe
    • UK
    • Germany
    • France
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • Rest of Asia Pacific
    • Rest of the World
      • Middle East
      • Saudi Arabia
      • UAE
      • Rest of Middle East
    • Africa
    • South America

Recent Developments in Machine Control System Industry

  • In March 2023, Topcon (Japan) has unveiled a new global navigation satellite system (GNSS) option for its MC-Mobile compact machine control solution. This latest addition to their compact solutions range enables contractors to seamlessly integrate their compact machines into existing GNSS-powered fleets.
  • In October 2022, Leica Geosystems, a division of Hexagon AB (Sweden), has introduced the Leica iCON site excavator, a cutting-edge solution for machine control. This innovative technology empowers compact excavators to effortlessly and precisely execute designs.
  • In December 2021, Trimble unveiled the Trimble R750 GNSS Modular Receiver, a base station designed for application in civil construction, geospatial, and agricultural fields. This new modular receiver enhances performance, offering contractors, surveyors, and enhances accuracy and dependability for positioning purposes while operating in the field.

Frequently Asked Questions (FAQ):

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TABLE OF CONTENTS
 
1 INTRODUCTION (Page No. - 28)
    1.1 STUDY OBJECTIVES 
    1.2 MARKET DEFINITION 
    1.3 STUDY SCOPE 
           1.3.1 MARKETS COVERED
                    FIGURE 1 MACHINE CONTROL SYSTEM MARKET: SEGMENTATION
           1.3.2 GEOGRAPHICAL SCOPE
           1.3.3 INCLUSIONS AND EXCLUSIONS
           1.3.4 YEARS CONSIDERED
    1.4 CURRENCY CONSIDERED 
    1.5 LIMITATIONS 
    1.6 STAKEHOLDERS 
    1.7 SUMMARY OF CHANGES 
           1.7.1 RECESSION IMPACT
 
2 RESEARCH METHODOLOGY (Page No. - 33)
    2.1 RESEARCH DATA 
           FIGURE 2 MACHINE CONTROL SYSTEM MARKET: RESEARCH DESIGN
           2.1.1 SECONDARY AND PRIMARY RESEARCH
           2.1.2 SECONDARY DATA
                    2.1.2.1 Key data from secondary resources
                    2.1.2.2 List of major secondary sources
           2.1.3 PRIMARY DATA
                    2.1.3.1 Primary interviews with experts
                    2.1.3.2 Key industry insights
                    2.1.3.3 Key data from primary sources
                    2.1.3.4 Breakdown of primaries
    2.2 MARKET SIZE ESTIMATION 
           2.2.1 BOTTOM-UP APPROACH
                    2.2.1.1 Approach to derive market size using bottom-up approach (demand side)
                               FIGURE 3 BOTTOM-UP APPROACH
           2.2.2 TOP-DOWN APPROACH
                    2.2.2.1 Approach to derive market size using top-down approach (supply side)
                               FIGURE 4 TOP-DOWN APPROACH
                               FIGURE 5 MARKET SIZE ESTIMATION METHODOLOGY (SUPPLY SIDE): REVENUE GENERATED BY COMPANIES FROM SALES OF MACHINE CONTROL SYSTEMS
    2.3 MARKET BREAKDOWN AND DATA TRIANGULATION 
           FIGURE 6 DATA TRIANGULATION
    2.4 RESEARCH ASSUMPTIONS 
           FIGURE 7 RESEARCH ASSUMPTIONS
    2.5 APPROACH TO UNDERSTAND RECESSION IMPACT ON MACHINE CONTROL SYSTEM MARKET 
    2.6 RISK ASSESSMENT 
           FIGURE 8 RISK ASSESSMENT
 
3 EXECUTIVE SUMMARY (Page No. - 45)
    FIGURE 9 GNSS SEGMENT TO DOMINATE MACHINE CONTROL SYSTEM MARKET DURING 2023–2028
    FIGURE 10 EXCAVATORS SEGMENT TO ACCOUNT FOR LARGEST SIZE OF MACHINE CONTROL SYSTEM MARKET DURING 2023–2028
    FIGURE 11 INFRASTRUCTURE SEGMENT DOMINATED MACHINE CONTROL SYSTEM MARKET IN 2022
    FIGURE 12 MACHINE CONTROL SYSTEM MARKET IN ASIA PACIFIC TO REGISTER HIGHEST CAGR DURING 2023–2028
 
4 PREMIUM INSIGHTS (Page No. - 48)
    4.1 ATTRACTIVE OPPORTUNITIES FOR PLAYERS IN MACHINE CONTROL SYSTEM MARKET 
           FIGURE 13 NEED TO IMPROVE SPEED, EFFICIENCY, AND SAFETY IN TIGHTLY SCHEDULED PROJECTS TO DRIVE MARKET
    4.2 MACHINE CONTROL SYSTEM MARKET, BY TYPE 
           FIGURE 14 GNSS SEGMENT TO ACCOUNT FOR LARGEST SHARE OF MACHINE CONTROL SYSTEM MARKET DURING FORECAST PERIOD
    4.3 MACHINE CONTROL SYSTEM MARKET, BY EQUIPMENT 
           FIGURE 15 EXCAVATORS SEGMENT TO DOMINATE MACHINE CONTROL SYSTEM MARKET FROM 2023 TO 2028
    4.4 MACHINE CONTROL SYSTEM MARKET, BY REGION 
           FIGURE 16 MACHINE CONTROL SYSTEM MARKET TO GROW AT HIGHEST CAGR IN CHINA FROM 2023 TO 2028
 
5 MARKET OVERVIEW (Page No. - 50)
    5.1 INTRODUCTION 
    5.2 MARKET DYNAMICS 
           FIGURE 17 MACHINE CONTROL SYSTEM MARKET: DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES
           5.2.1 DRIVERS
                    5.2.1.1 Increasing use of machine control systems to streamline earthwork operations
                    5.2.1.2 Pressing need to improve speed, efficiency, and worker safety in tightly scheduled projects
                    5.2.1.3 Thriving construction industry
                               FIGURE 18 GROWTH IN INFRASTRUCTURE CONSTRUCTION, 2020–2030
                               FIGURE 19 MACHINE CONTROL SYSTEM MARKET: IMPACT ANALYSIS OF DRIVERS
           5.2.2 RESTRAINTS
                    5.2.2.1 Need for substantial upfront investment
                    5.2.2.2 Performance limitations of machine control systems in harsh weather conditions
                               FIGURE 20 MACHINE CONTROL SYSTEM MARKET: IMPACT ANALYSIS OF RESTRAINTS
           5.2.3 OPPORTUNITIES
                    5.2.3.1 Growing adoption of 3D modeling and scanning across industries
                    5.2.3.2 Rising infrastructure development activities across emerging economies
                               FIGURE 21 MACHINE CONTROL SYSTEM MARKET: IMPACT ANALYSIS OF OPPORTUNITIES
           5.2.4 CHALLENGES
                    5.2.4.1 Need for extensive training and skilled professionals to operate machine control systems
                               FIGURE 22 MACHINE CONTROL SYSTEM MARKET: IMPACT ANALYSIS OF CHALLENGES
    5.3 VALUE CHAIN ANALYSIS 
           FIGURE 23 MACHINE CONTROL SYSTEM MARKET: VALUE CHAIN ANALYSIS
    5.4 ECOSYSTEM MAPPING 
           FIGURE 24 MACHINE CONTROL SYSTEM MARKET: ECOSYSTEM MAPPING
           TABLE 1 MACHINE CONTROL SYSTEM MARKET: KEY PLAYERS IN ECOSYSTEM
    5.5 TRENDS/DISRUPTIONS IMPACTING CUSTOMER BUSINESS 
           FIGURE 25 REVENUE SHIFTS AND NEW REVENUE POCKETS FOR PLAYERS IN MACHINE CONTROL SYSTEM MARKET
    5.6 TECHNOLOGY ANALYSIS 
           5.6.1 IOT
           5.6.2 MACHINE LEARNING
           5.6.3 ARTIFICIAL INTELLIGENCE
           5.6.4 AUGMENTED REALITY (AR) AND VIRTUAL REALITY (VR)
    5.7 PORTER’S FIVE FORCES ANALYSIS 
           FIGURE 26 MACHINE CONTROL SYSTEM MARKET: PORTER'S FIVE FORCES ANALYSIS
           5.7.1 INTENSITY OF COMPETITIVE RIVALRY
           5.7.2 BARGAINING POWER OF SUPPLIERS
           5.7.3 BARGAINING POWER OF BUYERS
           5.7.4 THREAT OF SUBSTITUTES
           5.7.5 THREAT OF NEW ENTRANTS
    5.8 PRICING ANALYSIS 
           5.8.1 AVERAGE SELLING PRICE OF MACHINE CONTROL SYSTEMS OFFERED BY TOP 3 PLAYERS
                    FIGURE 27 AVERAGE SELLING PRICE (ASP) OF MACHINE CONTROL SYSTEMS OFFERED BY TOP 3 PLAYERS
                    TABLE 2 AVERAGE SELLING PRICE OF MACHINE CONTROL SYSTEMS OFFERED BY TOP 3 PLAYERS
                    TABLE 3 AVERAGE SELLING PRICE OF MACHINE CONTROL SYSTEMS, BY REGION
    5.9 KEY STAKEHOLDERS & BUYING CRITERIA 
           5.9.1 KEY STAKEHOLDERS IN BUYING PROCESS
                    FIGURE 28 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR TOP 3 VERTICALS
                    TABLE 4 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR TOP 3 VERTICALS
           5.9.2 BUYING CRITERIA
                    FIGURE 29 KEY BUYING CRITERIA FOR TOP 3 VERTICALS
                    TABLE 5 KEY BUYING CRITERIA FOR TOP 3 VERTICALS
    5.10 CASE STUDY ANALYSIS 
           TABLE 6 FAM CONSTRUCTION, LLC USED LEICA 3D SCANNER FOR CONSTRUCTION PROJECT
           TABLE 7 ASSESSMENT OF GNSS RECEIVER FROM EOS POSITIONING SYSTEMS, INC.
           TABLE 8 LEICA GEOSYSTEMS CHOSE BUCKINGHAM AND SCCS FOR SURVEYING SOLUTION
    5.11 TRADE ANALYSIS 
           5.11.1 IMPORT SCENARIO
                    FIGURE 30 IMPORTS, BY KEY COUNTRY, 2018–2022 (USD MILLION)
           5.11.2 EXPORT SCENARIO
                    FIGURE 31 EXPORTS, BY KEY COUNTRY, 2018–2022 (USD MILLION)
    5.12 PATENT ANALYSIS 
           FIGURE 32 TOP 10 COMPANIES WITH HIGHEST NUMBER OF PATENT APPLICATIONS IN LAST 10 YEARS
           TABLE 9 TOP 20 PATENT OWNERS IN LAST 10 YEARS
           FIGURE 33 NUMBER OF PATENTS GRANTED PER YEAR FROM 2013 TO 2022
           TABLE 10 KEY PATENTS IN MACHINE CONTROL SYSTEM MARKET, JUNE 2021–MAY 2023
    5.13 KEY CONFERENCES AND EVENTS, 2023–2024 
           TABLE 11 MACHINE CONTROL SYSTEM MARKET: DETAILED LIST OF CONFERENCES AND EVENTS
    5.14 REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 
           TABLE 12 NORTH AMERICA: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
           TABLE 13 EUROPE: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
           TABLE 14 ASIA PACIFIC: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
           TABLE 15 REST OF THE WORLD: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
           5.14.1 STANDARDS
                    TABLE 16 STANDARDS FOR MACHINE CONTROL SYSTEMS
 
6 OFFERINGS IN MACHINE CONTROL SYSTEM MARKET (Page No. - 79)
    6.1 INTRODUCTION 
    6.2 MACHINE CONTROL SYSTEM MARKET, BY OFFERING 
           FIGURE 34 OFFERINGS IN MACHINE CONTROL SYSTEM MARKET
           6.2.1 HARDWARE
           6.2.2 SOFTWARE
           6.2.3 SERVICES
 
7 MACHINE CONTROL SYSTEM MARKET, BY TYPE (Page No. - 81)
    7.1 INTRODUCTION 
           FIGURE 35 MACHINE CONTROL SYSTEM MARKET, BY TYPE
           FIGURE 36 GNSS SEGMENT TO HOLD LARGEST SHARE OF MACHINE CONTROL SYSTEM MARKET DURING FORECAST PERIOD
           TABLE 17 MACHINE CONTROL SYSTEM MARKET, BY TYPE, 2019–2022 (USD MILLION)
           TABLE 18 MACHINE CONTROL SYSTEM MARKET, BY TYPE, 2023–2028 (USD MILLION)
    7.2 TOTAL STATIONS 
           7.2.1 SIGNIFICANT DEMAND FOR TOTAL STATIONS IN COMMERCIAL CONSTRUCTION AND INFRASTRUCTURE PROJECTS TO DRIVE MARKET
                    TABLE 19 TOTAL STATIONS: MACHINE CONTROL SYSTEM MARKET, BY EQUIPMENT, 2019–2022 (USD MILLION)
                    TABLE 20 TOTAL STATIONS: MACHINE CONTROL SYSTEM MARKET, BY EQUIPMENT, 2023–2028 (USD MILLION)
    7.3 GLOBAL NAVIGATION SATELLITE SYSTEMS (GNSS) 
           7.3.1 GNSS SEGMENT TO ACCOUNT FOR LARGEST MARKET SHARE DURING FORECAST PERIOD
                    TABLE 21 GNSS: MACHINE CONTROL SYSTEM MARKET, BY EQUIPMENT, 2019–2022 (USD MILLION)
                    TABLE 22 GNSS: MACHINE CONTROL SYSTEM MARKET, BY EQUIPMENT, 2023–2028 (USD MILLION)
    7.4 LASER SCANNERS 
           7.4.1 NEED FOR PRECISE MEASUREMENTS IN CONSTRUCTION OPERATIONS TO DRIVE DEMAND FOR LASER SCANNERS
                    TABLE 23 TOTAL STATIONS VS. 3D LASER SCANNERS
                    TABLE 24 LASER SCANNERS: MACHINE CONTROL SYSTEM MARKET, BY EQUIPMENT, 2019–2022 (USD MILLION)
                    TABLE 25 LASER SCANNERS: MACHINE CONTROL SYSTEM MARKET, BY EQUIPMENT, 2023–2028 (USD MILLION)
    7.5 SENSORS 
           7.5.1 SENSOR-BASED MACHINE CONTROL SYSTEMS TO WITNESS INCREASED DEMAND WITH GROWING USE OF EXCAVATORS
                    TABLE 26 SENSORS: MACHINE CONTROL SYSTEM MARKET, BY EQUIPMENT, 2019–2022 (USD MILLION)
                    TABLE 27 SENSORS: MACHINE CONTROL SYSTEM MARKET, BY EQUIPMENT, 2023–2028 (USD MILLION)
 
8 MACHINE CONTROL SYSTEM MARKET, BY EQUIPMENT (Page No. - 91)
    8.1 INTRODUCTION 
           FIGURE 37 MACHINE CONTROL SYSTEM MARKET, BY EQUIPMENT
           FIGURE 38 EXCAVATORS TO ACCOUNT FOR LARGEST SIZE OF MACHINE CONTROL SYSTEM MARKET DURING FORECAST PERIOD
           TABLE 28 MACHINE CONTROL SYSTEM MARKET, BY EQUIPMENT, 2019–2022 (USD MILLION)
           TABLE 29 MACHINE CONTROL SYSTEM MARKET, BY EQUIPMENT, 2023–2028 (USD MILLION)
    8.2 EXCAVATORS 
           8.2.1 USE OF EXCAVATORS IN UNDERGROUND CONSTRUCTION ACTIVITIES TO DRIVE MARKET
                    TABLE 30 EXCAVATORS: MACHINE CONTROL SYSTEM MARKET, BY REGION, 2019–2022 (USD MILLION)
                    TABLE 31 EXCAVATORS: MACHINE CONTROL SYSTEM MARKET, BY REGION, 2023–2028 (USD MILLION)
                    TABLE 32 EXCAVATORS: MACHINE CONTROL SYSTEM MARKET, BY TYPE, 2019–2022 (USD MILLION)
                    TABLE 33 EXCAVATORS: MACHINE CONTROL SYSTEM MARKET, BY TYPE, 2023–2028 (USD MILLION)
                    TABLE 34 EXCAVATORS: MACHINE CONTROL SYSTEM MARKET, BY VERTICAL, 2019–2022 (USD MILLION)
                    TABLE 35 EXCAVATORS: MACHINE CONTROL SYSTEM MARKET, BY VERTICAL, 2023–2028 (USD MILLION)
    8.3 LOADERS 
           8.3.1 EXTENSIVE USAGE OF LOADERS BY CONSTRUCTION COMPANIES TO TRANSPORT MATERIALS TO DRIVE MARKET
                    TABLE 36 LOADERS: MACHINE CONTROL SYSTEM MARKET, BY REGION, 2019–2022 (USD MILLION)
                    TABLE 37 LOADERS: MACHINE CONTROL SYSTEM MARKET, BY REGION, 2023–2028 (USD MILLION)
                    TABLE 38 LOADERS: MACHINE CONTROL SYSTEM MARKET, BY TYPE, 2019–2022 (USD MILLION)
                    TABLE 39 LOADERS: MACHINE CONTROL SYSTEM MARKET, BY TYPE, 2023–2028 (USD MILLION)
                    TABLE 40 LOADERS: MACHINE CONTROL SYSTEM MARKET, BY VERTICAL, 2019–2022 (USD MILLION)
                    TABLE 41 LOADERS: MACHINE CONTROL SYSTEM MARKET, BY VERTICAL, 2023–2028 (USD MILLION)
    8.4 GRADERS 
           8.4.1 HIGH DEMAND FOR GRADERS IN ROAD CONSTRUCTION PROJECTS TO DRIVE MARKET
                    TABLE 42 GRADERS: MACHINE CONTROL SYSTEM MARKET, BY REGION, 2019–2022 (USD MILLION)
                    TABLE 43 GRADERS: MACHINE CONTROL SYSTEM MARKET, BY REGION, 2023–2028 (USD MILLION)
                    TABLE 44 GRADERS: MACHINE CONTROL SYSTEM MARKET, BY TYPE, 2019–2022(USD MILLION)
                    TABLE 45 GRADERS: MACHINE CONTROL SYSTEM MARKET, BY TYPE, 2023–2028 (USD MILLION)
                    TABLE 46 GRADERS: MACHINE CONTROL SYSTEM MARKET, BY VERTICAL, 2019–2022 (USD MILLION)
                    TABLE 47 GRADERS: MACHINE CONTROL SYSTEM MARKET, BY VERTICAL, 2023–2028 (USD MILLION)
    8.5 DOZERS 
           8.5.1 INCREASE IN EARTHMOVING AND CONSTRUCTION PROJECTS TO DRIVE DEMAND FOR DOZERS
                    TABLE 48 DOZERS: MACHINE CONTROL SYSTEM MARKET, BY REGION, 2019–2022 (USD MILLION)
                    TABLE 49 DOZERS: MACHINE CONTROL SYSTEM MARKET, BY REGION, 2023–2028 (USD MILLION)
                    TABLE 50 DOZERS: MACHINE CONTROL SYSTEM MARKET, BY TYPE, 2019–2022 (USD MILLION)
                    TABLE 51 DOZERS: MACHINE CONTROL SYSTEM MARKET, BY TYPE, 2023–2028 (USD MILLION)
                    TABLE 52 DOZERS: MACHINE CONTROL SYSTEM MARKET, BY VERTICAL, 2019–2022 (USD MILLION)
                    TABLE 53 DOZERS: MACHINE CONTROL SYSTEM MARKET, BY VERTICAL, 2023–2028 (USD MILLION)
    8.6 SCRAPERS 
           8.6.1 INCREASE IN INFRASTRUCTURE DEVELOPMENT ACTIVITIES TO FUEL DEMAND FOR SCRAPERS
                    TABLE 54 SCRAPERS: MACHINE CONTROL SYSTEM MARKET, BY REGION, 2019–2022 (USD MILLION)
                    TABLE 55 SCRAPERS: MACHINE CONTROL SYSTEM MARKET, BY REGION, 2023–2028 (USD MILLION)
                    TABLE 56 SCRAPERS: MACHINE CONTROL SYSTEM MARKET, BY TYPE, 2019–2022 (USD MILLION)
                    TABLE 57 SCRAPERS: MACHINE CONTROL SYSTEM MARKET, BY TYPE, 2023–2028 (USD MILLION)
                    TABLE 58 SCRAPERS: MACHINE CONTROL SYSTEM MARKET, BY VERTICAL, 2019–2022 (USD MILLION)
                    TABLE 59 SCRAPERS: MACHINE CONTROL SYSTEM MARKET, BY VERTICAL, 2023–2028 (USD MILLION)
    8.7 PAVING SYSTEMS 
           8.7.1 USAGE OF ADVANCED PAVING SYSTEMS TO CONSTRUCT HIGHWAYS, AIRPORTS, AND TUNNELS TO DRIVE MARKET
                    TABLE 60 PAVING SYSTEMS: MACHINE CONTROL SYSTEM MARKET, BY REGION, 2019–2022 (USD MILLION)
                    TABLE 61 PAVING SYSTEMS: MACHINE CONTROL SYSTEM MARKET, BY REGION, 2023–2028 (USD MILLION)
                    TABLE 62 PAVING SYSTEMS: MACHINE CONTROL SYSTEM MARKET, BY TYPE, 2019–2022 (USD MILLION)
                    TABLE 63 PAVING SYSTEMS: MACHINE CONTROL SYSTEM MARKET, BY TYPE, 2023–2028 (USD MILLION)
                    TABLE 64 PAVING SYSTEMS: MACHINE CONTROL SYSTEM MARKET, BY VERTICAL, 2019–2022 (USD MILLION)
                    TABLE 65 PAVING SYSTEMS: MACHINE CONTROL SYSTEM MARKET, BY VERTICAL, 2023–2028 (USD MILLION)
 
9 MACHINE CONTROL SYSTEM MARKET, BY VERTICAL (Page No. - 110)
    9.1 INTRODUCTION 
           FIGURE 39 MACHINE CONTROL MARKET, BY VERTICAL
           FIGURE 40 INFRASTRUCTURE SEGMENT TO ACCOUNT FOR LARGEST SIZE OF MACHINE CONTROL SYSTEM MARKET DURING FORECAST PERIOD
           TABLE 66 MACHINE CONTROL SYSTEM MARKET, BY VERTICAL, 2019–2022 (USD MILLION)
           TABLE 67 MACHINE CONTROL SYSTEM MARKET, BY VERTICAL, 2023–2028 (USD MILLION)
    9.2 INFRASTRUCTURE 
           9.2.1 HIGH INVESTMENTS IN INFRASTRUCTURE DEVELOPMENT ACTIVITIES TO DRIVE MARKET
                    TABLE 68 INFRASTRUCTURE: MACHINE CONTROL SYSTEM MARKET, BY REGION, 2019–2022 (USD MILLION)
                    TABLE 69 INFRASTRUCTURE: MACHINE CONTROL SYSTEM MARKET, BY REGION, 2023–2028 (USD MILLION)
                    TABLE 70 INFRASTRUCTURE: MACHINE CONTROL SYSTEM MARKET, BY EQUIPMENT, 2019–2022 (USD MILLION)
                    TABLE 71 INFRASTRUCTURE: MACHINE CONTROL SYSTEM MARKET, BY EQUIPMENT, 2023–2028 (USD MILLION)
    9.3 COMMERCIAL 
           9.3.1 REQUIREMENT FOR HIGH-PRECISION EQUIPMENT IN CONSTRUCTION TO DRIVE MARKET
                    TABLE 72 COMMERCIAL: MACHINE CONTROL SYSTEM MARKET, BY REGION, 2019–2022 (USD MILLION)
                    TABLE 73 COMMERCIAL: MACHINE CONTROL SYSTEM MARKET, BY REGION, 2023–2028 (USD MILLION)
                    TABLE 74 COMMERCIAL: MACHINE CONTROL SYSTEM MARKET, BY EQUIPMENT, 2019–2022 (USD MILLION)
                    TABLE 75 COMMERCIAL: MACHINE CONTROL SYSTEM MARKET, BY EQUIPMENT, 2023–2028 (USD MILLION)
    9.4 RESIDENTIAL 
           9.4.1 NEED FOR HIGH EFFICIENCY AND QUALITY IN RESIDENTIAL CONSTRUCTION TO DRIVE MARKET
                    TABLE 76 RESIDENTIAL: MACHINE CONTROL SYSTEM MARKET, BY REGION, 2019–2022 (USD MILLION)
                    TABLE 77 RESIDENTIAL: MACHINE CONTROL SYSTEM MARKET, BY REGION, 2023–2028 (USD MILLION)
                    TABLE 78 RESIDENTIAL: MACHINE CONTROL SYSTEM MARKET, BY EQUIPMENT, 2019–2022 (USD MILLION)
                    TABLE 79 RESIDENTIAL: MACHINE CONTROL SYSTEM MARKET, BY EQUIPMENT, 2023–2028 (USD MILLION)
    9.5 INDUSTRIAL 
           9.5.1 FOCUS ON ENHANCING PERFORMANCE AND EFFICIENCY IN INDUSTRIAL VERTICAL TO ACCELERATE USAGE OF MACHINE CONTROL SYSTEMS
                    TABLE 80 INDUSTRIAL: MACHINE CONTROL SYSTEM MARKET, BY REGION, 2019–2022 (USD MILLION)
                    TABLE 81 INDUSTRIAL: MACHINE CONTROL SYSTEM MARKET, BY REGION, 2023–2028 (USD MILLION)
                    TABLE 82 INDUSTRIAL: MACHINE CONTROL SYSTEM MARKET, BY EQUIPMENT, 2019–2022 (USD MILLION)
                    TABLE 83 INDUSTRIAL: MACHINE CONTROL SYSTEM MARKET, BY EQUIPMENT, 2023–2028 (USD MILLION)
 
10 MACHINE CONTROL SYSTEM MARKET, BY REGION (Page No. - 122)
     10.1 INTRODUCTION 
             FIGURE 41 MACHINE CONTROL SYSTEM MARKET, BY REGION
             FIGURE 42 MACHINE CONTROL SYSTEM MARKET IN CHINA TO GROW AT HIGHEST CAGR DURING 2023–2028
             TABLE 84 MACHINE CONTROL SYSTEM MARKET, BY REGION, 2019–2022 (USD MILLION)
             TABLE 85 MACHINE CONTROL SYSTEM MARKET, BY REGION, 2023–2028 (MILLION)
     10.2 NORTH AMERICA 
             10.2.1 IMPACT OF RECESSION ON NORTH AMERICA
                        FIGURE 43 NORTH AMERICA: MACHINE CONTROL SYSTEM MARKET SNAPSHOT
                        TABLE 86 NORTH AMERICA: MACHINE CONTROL SYSTEM MARKET, BY EQUIPMENT, 2019–2022 (USD MILLION)
                        TABLE 87 NORTH AMERICA: MACHINE CONTROL SYSTEM MARKET, BY EQUIPMENT, 2023–2028 (USD MILLION)
                        TABLE 88 NORTH AMERICA: MACHINE CONTROL SYSTEM MARKET, BY VERTICAL, 2019–2022 (USD MILLION)
                        TABLE 89 NORTH AMERICA: MACHINE CONTROL SYSTEM MARKET, BY VERTICAL, 2023–2028 (USD MILLION)
                        TABLE 90 NORTH AMERICA: MACHINE CONTROL SYSTEM MARKET, BY COUNTRY, 2019–2022 (MILLION)
                        TABLE 91 NORTH AMERICA: MACHINE CONTROL SYSTEM MARKET, BY COUNTRY, 2023–2028 (MILLION)
             10.2.2 US
                        10.2.2.1 High investments in infrastructure development to boost market
             10.2.3 CANADA
                        10.2.3.1 Increasing infrastructural developments to drive market
             10.2.4 MEXICO
                        10.2.4.1 Increasing urbanization and infrastructural developments to boost market
     10.3 EUROPE 
             10.3.1 IMPACT OF RECESSION ON EUROPE
                        FIGURE 44 EUROPE: MACHINE CONTROL SYSTEM MARKET SNAPSHOT
                        TABLE 92 EUROPE: MACHINE CONTROL SYSTEM MARKET, BY EQUIPMENT, 2019–2022 (USD MILLION)
                        TABLE 93 EUROPE: MACHINE CONTROL SYSTEM MARKET, BY EQUIPMENT, 2023–2028 (USD MILLION)
                        TABLE 94 EUROPE: MACHINE CONTROL SYSTEM MARKET, BY VERTICAL, 2019–2022 (USD MILLION)
                        TABLE 95 EUROPE: MACHINE CONTROL SYSTEM MARKET, BY VERTICAL, 2023–2028 (USD MILLION)
                        TABLE 96 EUROPE: MACHINE CONTROL SYSTEM MARKET, BY COUNTRY, 2019–2022 (MILLION)
                        TABLE 97 EUROPE: MACHINE CONTROL SYSTEM MARKET, BY COUNTRY, 2023–2028 (MILLION)
             10.3.2 GERMANY
                        10.3.2.1 Adoption of sustainable construction practices to boost demand for machine control systems
             10.3.3 UK
                        10.3.3.1 Government-led initiatives to improve residential infrastructure to drive market
             10.3.4 FRANCE
                        10.3.4.1 Investments for the Future programme (PIA) to favor market growth
             10.3.5 REST OF EUROPE
     10.4 ASIA PACIFIC 
             10.4.1 IMPACT OF RECESSION ON ASIA PACIFIC
                        FIGURE 45 ASIA PACIFIC: MACHINE CONTROL SYSTEM MARKET SNAPSHOT
                        TABLE 98 ASIA PACIFIC: MACHINE CONTROL SYSTEM MARKET, BY EQUIPMENT, 2019–2022 (USD MILLION)
                        TABLE 99 ASIA PACIFIC: MACHINE CONTROL SYSTEM MARKET, BY EQUIPMENT, 2023–2028 (USD MILLION)
                        TABLE 100 ASIA PACIFIC: MACHINE CONTROL SYSTEM MARKET, BY VERTICAL, 2019–2022 (USD MILLION)
                        TABLE 101 ASIA PACIFIC: MACHINE CONTROL SYSTEM MARKET, BY VERTICAL, 2023–2028 (USD MILLION)
                        TABLE 102 ASIA PACIFIC: MACHINE CONTROL SYSTEM MARKET, BY COUNTRY, 2019–2022 (MILLION)
                        TABLE 103 ASIA PACIFIC: MACHINE CONTROL SYSTEM MARKET, BY COUNTRY, 2023–2028 (MILLION)
             10.4.2 CHINA
                        10.4.2.1 High investments in road infrastructure development to fuel demand for machine control systems
             10.4.3 JAPAN
                        10.4.3.1 Tokyo’s Once-in-a-Century redevelopment project to drive market
             10.4.4 REST OF ASIA PACIFIC
     10.5 REST OF THE WORLD 
             10.5.1 IMPACT OF RECESSION ON REST OF THE WORLD
                        TABLE 104 REST OF THE WORLD: MACHINE CONTROL SYSTEM MARKET, BY EQUIPMENT, 2019–2022 (USD MILLION)
                        TABLE 105 REST OF THE WORLD: MACHINE CONTROL SYSTEM MARKET, BY EQUIPMENT, 2023–2028 (USD MILLION)
                        TABLE 106 REST OF THE WORLD: MACHINE CONTROL SYSTEM MARKET, BY VERTICAL, 2019–2022 (USD MILLION)
                        TABLE 107 REST OF THE WORLD: MACHINE CONTROL SYSTEM MARKET, BY VERTICAL, 2023–2028 (USD MILLION)
                        TABLE 108 REST OF THE WORLD: MACHINE CONTROL SYSTEM MARKET, BY REGION, 2019–2022 (MILLION)
                        TABLE 109 REST OF THE WORLD: MACHINE CONTROL SYSTEM MARKET, BY REGION, 2023–2028 (MILLION)
             10.5.2 MIDDLE EAST
                        TABLE 110 MIDDLE EAST: MACHINE CONTROL SYSTEM MARKET, BY COUNTRY, 2019–2022 (USD MILLION)
                        TABLE 111 MIDDLE EAST: MACHINE CONTROL SYSTEM MARKET, BY COUNTRY, 2023–2028 (USD MILLION)
                        10.5.2.1 Saudi Arabia
                                     10.5.2.1.1 Government investments in infrastructure modernization to drive market
                        10.5.2.2 UAE
                                     10.5.2.2.1 Expansion of urban areas to create opportunities for market players
                        10.5.2.3 Rest of Middle East
             10.5.3 AFRICA
                        10.5.3.1 Increasing focus on modernization of infrastructure to boost market
             10.5.4 SOUTH AMERICA
                        10.5.4.1 Rapid construction of residential and commercial buildings to drive market
 
11 COMPETITIVE LANDSCAPE (Page No. - 148)
     11.1 OVERVIEW 
     11.2 STRATEGIES ADOPTED BY KEY PLAYERS 
             TABLE 112 OVERVIEW OF STRATEGIES ADOPTED BY MACHINE CONTROL SYSTEM VENDORS
     11.3 REVENUE ANALYSIS OF TOP PLAYERS IN MACHINE CONTROL SYSTEM MARKET 
             FIGURE 46 FIVE-YEAR REVENUE ANALYSIS OF TOP PLAYERS IN MACHINE CONTROL SYSTEM MARKET
     11.4 MARKET SHARE ANALYSIS (2022) 
             TABLE 113 MACHINE CONTROL SYSTEM MARKET: MARKET SHARE ANALYSIS (2022)
             FIGURE 47 MARKET SHARE ANALYSIS, 2022
     11.5 COMPANY EVALUATION MATRIX, 2022 
             11.5.1 STARS
             11.5.2 PERVASIVE PLAYERS
             11.5.3 EMERGING LEADERS
             11.5.4 PARTICIPANTS
                        FIGURE 48 MACHINE CONTROL SYSTEM MARKET (GLOBAL): COMPANY EVALUATION MATRIX, 2022
     11.6 MACHINE CONTROL SYSTEM MARKET: COMPANY FOOTPRINT 
             TABLE 114 COMPANY FOOTPRINT
             TABLE 115 COMPANY TYPE FOOTPRINT
             TABLE 116 COMPANY VERTICAL FOOTPRINT
             TABLE 117 COMPANY REGION FOOTPRINT
     11.7 STARTUPS/SMALL AND MEDIUM-SIZED ENTERPRISES (SMES) EVALUATION MATRIX, 2022 
             11.7.1 PROGRESSIVE COMPANIES
             11.7.2 RESPONSIVE COMPANIES
             11.7.3 DYNAMIC COMPANIES
             11.7.4 STARTING BLOCKS
                        FIGURE 49 MACHINE CONTROL SYSTEM MARKET (GLOBAL): STARTUPS/SMES EVALUATION MATRIX, 2022
     11.8 COMPETITIVE BENCHMARKING 
             TABLE 118 MACHINE CONTROL SYSTEM MARKET: KEY STARTUPS/SMES
             TABLE 119 MACHINE CONTROL SYSTEM MARKET: COMPETITIVE BENCHMARKING OF KEY STARTUPS/SMES
     11.9 COMPETITIVE SCENARIOS AND TRENDS 
             11.9.1 PRODUCT LAUNCHES
                        TABLE 120 MACHINE CONTROL SYSTEM MARKET: PRODUCT LAUNCHES, 2020−2021
             11.9.2 DEALS
                        TABLE 121 MACHINE CONTROL SYSTEM MARKET: DEALS, 2020−2021
 
12 COMPANY PROFILES (Page No. - 163)
     12.1 KEY PLAYERS 
(Business Overview, Products/Services/Solutions Offered, MnM View, Key Strengths and Right to Win, Strategic Choices Made, Weaknesses and Competitive Threats, Recent Developments)*  
             12.1.1 MACHINE CONTROL SYSTEM PROVIDERS
                        12.1.1.1 Hexagon AB
                                     TABLE 122 HEXAGON AB: COMPANY OVERVIEW
                                     FIGURE 50 HEXAGON AB: COMPANY SNAPSHOT
                                     TABLE 123 HEXAGON AB: PRODUCTS OFFERED
                                     TABLE 124 HEXAGON AB: PRODUCT LAUNCHES
                                     TABLE 125 HEXAGON AB: DEALS
                        12.1.1.2 Trimble Inc.
                                     TABLE 126 TRIMBLE INC.: COMPANY OVERVIEW
                                     FIGURE 51 TRIMBLE INC.: COMPANY SNAPSHOT
                                     TABLE 127 TRIMBLE INC.: PRODUCTS OFFERED
                                     TABLE 128 TRIMBLE INC.: PRODUCT LAUNCHES
                                     TABLE 129 TRIMBLE INC.: DEALS
                        12.1.1.3 TOPCON CORPORATION
                                     TABLE 130 TOPCON CORPORATION: COMPANY OVERVIEW
                                     FIGURE 52 TOPCON CORPORATION: COMPANY SNAPSHOT
                                     TABLE 131 TOPCON CORPORATION: PRODUCTS OFFERED
                                     TABLE 132 TOPCON CORPORATION: PRODUCT LAUNCHES
                                     TABLE 133 TOPCON CORPORATION: DEALS
                        12.1.1.4 MOBA Mobile Automation AG
                                     TABLE 134 MOBA MOBILE AUTOMATION AG: COMPANY OVERVIEW
                                     TABLE 135 MOBA MOBILE AUTOMATION AG: PRODUCTS OFFERED
                        12.1.1.5 Hemisphere GNSS, Inc.
                                     TABLE 136 HEMISPHERE GNSS, INC.: COMPANY OVERVIEW
                                     TABLE 137 HEMISPHERE GNSS, INC.: PRODUCTS OFFERED
                        12.1.1.6 Prolec Ltd.
                                     TABLE 138 PROLEC LTD.: COMPANY OVERVIEW
                                     TABLE 139 PROLEC LTD.: PRODUCTS OFFERED
                                     TABLE 140 PROLEC LTD.: DEALS
                        12.1.1.7 Eos Positioning Systems, Inc.
                                     TABLE 141 EOS POSITIONING SYSTEMS, INC.: COMPANY OVERVIEW
                                     TABLE 142 EOS POSITIONING SYSTEMS, INC.: PRODUCTS OFFERED
                                     TABLE 143 EOS POSITIONING SYSTEMS, INC.: PRODUCT LAUNCHES
             12.1.2 CONSTRUCTION EQUIPMENT PROVIDERS
                        12.1.2.1 Komatsu
                                     TABLE 144 KOMATSU: COMPANY OVERVIEW
                                     FIGURE 53 KOMATSU: COMPANY SNAPSHOT
                                     TABLE 145 KOMATSU: PRODUCTS OFFERED
                                     TABLE 146 KOMATSU: PRODUCT LAUNCHES
                                     TABLE 147 KOMATSU: DEALS
                        12.1.2.2 Caterpillar
                                     TABLE 148 CATERPILLAR: COMPANY OVERVIEW
                                     FIGURE 54 CATERPILLAR: COMPANY SNAPSHOT
                                     TABLE 149 CATERPILLAR: PRODUCTS OFFERED
                        12.1.2.3 Volvo Construction Equipment
                                     TABLE 150 VOLVO CONSTRUCTION EQUIPMENT: COMPANY OVERVIEW
                                     FIGURE 55 VOLVO CONSTRUCTION EQUIPMENT: COMPANY SNAPSHOT
                                     TABLE 151 VOLVO CONSTRUCTION EQUIPMENT: PRODUCTS OFFERED
                                     TABLE 152 VOLVO CONSTRUCTION EQUIPMENT: PRODUCT LAUNCHES
                        12.1.2.4 Liebherr Group
                                     TABLE 153 LIEBHERR GROUP: COMPANY OVERVIEW
                                     TABLE 154 LIEBHERR GROUP: PRODUCTS OFFERED
                                     TABLE 155 LIEBHERR GROUP: PRODUCT LAUNCHES
                                     TABLE 156 LIEBHERR GROUP: OTHERS
                        12.1.2.5 J C Bamford Excavators Ltd.
                                     TABLE 157 J C BAMFORD EXCAVATORS LTD.: COMPANY OVERVIEW
                                     TABLE 158 J C BAMFORD EXCAVATORS LTD.: PRODUCTS OFFERED
                                     TABLE 159 J C BAMFORD EXCAVATORS LTD.: PRODUCT LAUNCHES
                        12.1.2.6 Kobelco Construction Machinery Co., Ltd.
                                     TABLE 160 KOBELCO CONSTRUCTION MACHINERY CO., LTD.: COMPANY OVERVIEW
                                     TABLE 161 KOBELCO CONSTRUCTION MACHINERY CO., LTD.: PRODUCTS OFFERED
                        12.1.2.7 Hitachi Construction Machinery Co., Ltd.
                                     TABLE 162 HITACHI CONSTRUCTION MACHINERY CO., LTD.: COMPANY OVERVIEW
                                     FIGURE 56 HITACHI CONSTRUCTION MACHINERY CO., LTD.: COMPANY SNAPSHOT
                                     TABLE 163 HITACHI CONSTRUCTION MACHINERY CO., LTD.: PRODUCTS OFFERED
                                     TABLE 164 HITACHI CONSTRUCTION MACHINERY CO., LTD.: PRODUCT LAUNCHES
                        12.1.2.8 HD Hyundai Construction Equipment Co., Ltd.
                                     TABLE 165 HD HYUNDAI CONSTRUCTION EQUIPMENT CO., LTD.: COMPANY OVERVIEW
                                     FIGURE 57 HD HYUNDAI CONSTRUCTION EQUIPMENT CO., LTD.: COMPANY SNAPSHOT
                                     TABLE 166 HD HYUNDAI CONSTRUCTION EQUIPMENT CO., LTD.: PRODUCTS OFFERED
*Business Overview, Products/Services/Solutions Offered, MnM View, Key Strengths and Right to Win, Strategic Choices Made, Weaknesses and Competitive Threats, Recent Developments might not be captured in case of unlisted companies.  
     12.2 OTHER PLAYERS 
             12.2.1 HI-TARGET SURVEYING INSTRUMENT CO., LTD.
                        TABLE 167 HI-TARGET SURVEYING INSTRUMENT CO., LTD.: COMPANY OVERVIEW
             12.2.2 TI ASAHI CO., LTD.
                        TABLE 168 TI ASAHI CO., LTD.: COMPANY OVERVIEW
             12.2.3 STONEX SRL
                        TABLE 169 STONEX SRL: COMPANY OVERVIEW
             12.2.4 SOUTH SURVEYING & MAPPING TECHNOLOGY CO., LTD.
                        TABLE 170 SOUTH SURVEYING & MAPPING TECHNOLOGY CO., LTD.: COMPANY OVERVIEW
             12.2.5 NORTH GROUP LTD
                        TABLE 171 NORTH GROUP LTD: COMPANY OVERVIEW
             12.2.6 XIAMEN XGMA MACHINERY CO., LTD.
                        TABLE 172 XIAMEN XGMA MACHINERY CO., LTD.: COMPANY OVERVIEW
             12.2.7 KATO WORKS CO. LTD.
                        TABLE 173 KATO WORKS CO., LTD.: COMPANY OVERVIEW
             12.2.8 HIAB
                        TABLE 174 HIAB: COMPANY OVERVIEW
             12.2.9 TAKEUCHI MFG. CO. LTD.
                        TABLE 175 TAKEUCHI MFG. CO. LTD.: COMPANY OVERVIEW
             12.2.10 CASE CONSTRUCTION EQUIPMENT
                        TABLE 176 CASE CONSTRUCTION EQUIPMENT: COMPANY OVERVIEW
 
13 ADJACENT AND RELATED MARKETS (Page No. - 215)
     13.1 INTRODUCTION 
     13.2 STUDY LIMITATIONS 
     13.3 GPS TRACKING DEVICE MARKET, BY DEPLOYMENT 
             13.3.1 INTRODUCTION
                        TABLE 177 GPS TRACKING DEVICE MARKET, BY DEPLOYMENT, 2019–2022 (USD MILLION)
                        TABLE 178 GPS TRACKING DEVICE MARKET, BY DEPLOYMENT, 2023–2028 (USD MILLION)
             13.3.2 COMMERCIAL VEHICLES
                        13.3.2.1 Advance trackers to gain popularity in commercial vehicles
                                     TABLE 179 COMMERCIAL VEHICLE: GPS TRACKING DEVICE MARKET, BY TYPE, 2019–2022 (USD MILLION)
                                     TABLE 180 COMMERCIAL VEHICLE: GPS TRACKING DEVICE MARKET, BY TYPE, 2023–2028 (USD MILLION)
             13.3.3 CARGO AND CONTAINERS
                        13.3.3.1 Offers simplified and effective solutions to track cargo and containers
                                     TABLE 181 CARGO AND CONTAINER: GPS TRACKING DEVICE MARKET, BY TYPE, 2019–2022 (USD MILLION)
                                     TABLE 182 CARGO AND CONTAINER: GPS TRACKING DEVICE MARKET, BY TYPE, 2023–2028 (USD MILLION)
 
14 APPENDIX (Page No. - 219)
     14.1 INSIGHTS FROM INDUSTRY EXPERTS 
     14.2 DISCUSSION GUIDE 
     14.3 KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL 
     14.4 CUSTOMIZATION OPTIONS 
     14.5 RELATED REPORTS 
     14.6 AUTHOR DETAILS 
 

The study involves four major activities for estimating the size of the machine control system market. Exhaustive secondary research has been conducted to collect information related to the market. The next step has been the validation of these findings, assumptions, and sizing with the industry experts across the value chain through primary research. Both top-down and bottom-up approaches have been employed to estimate the overall size of the machine control system market. After that, market breakdown and data triangulation procedures have been used to determine the extent of different segments and subsegments of the market.

Secondary Research

Secondary sources referred to in this research study include corporate filings (such as annual reports, investor presentations, and financial statements); trade, business, and professional associations; white papers, certified publications, articles from recognized authors; directories; and databases. The secondary data has been collected and analyzed to arrive at the overall market size estimations, which has been further validated by primary research.

Primary Research

In the primary research process, a number of primary sources from both supply and demand sides have been interviewed to obtain the qualitative and quantitative information pertaining to this report. Several primary interviews have been conducted with market experts from both demand (agriculture and construction companies) and supply sides (machine control system manufacturers and distributors). This primary data has been collected through questionnaires, emails, and telephonic interviews. Approximately 25% of the primary interviews have been conducted with the demand side and 75% with the supply side. This primary data has been collected mainly through telephonic interviews, which accounted for 80% of the total primary interviews. Additionally, questionnaires and emails were used to collect the data.

Machine Control System Market Size, and Share

To know about the assumptions considered for the study, download the pdf brochure

Market Size Estimation

In the complete market engineering process, both top-down and bottom-up approaches have been implemented, along with several data triangulation methods, to estimate and validate the size of the machine control system market and other dependent submarkets listed in this report.

  • The key players in the industry and markets have been identified through extensive secondary research.
  • Both the supply chain of the industry and the market size, in terms of value, have been determined through primary and secondary research.
  • All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources.

Data Triangulation

After arriving at the overall market size, the total market has been split into several segments. To complete the overall market engineering process and arrive at exact statistics for all segments, the market breakdown and data triangulation procedures have been employed wherever applicable. The data has been triangulated by studying various factors and trends from both the demand and supply sides. The market has also been validated using both top-down and bottom-up approaches.

Market Definition

Machine control systems (MCS) are deployed to precisely position earthwork machinery on the basis of the design model. Machine control enables the integration of positioning tools into construction machinery. A machine control system not only guides operators in excavating, grading, dredging, or piling activities but also improves productivity by 30–50% than conventional digging operations. Various machine control systems, such as global navigation satellite systems (GNSS), laser scanners, total stations, and sensors, are available. Machine control systems are easy to use, fully upgradable, and flexible enough to meet a wide range of job site requirements in various verticals such as commercial and industrial. The scope of this report is limited to the earthwork or construction work that takes place at the initial stage of the construction of a plant or factory of any industry.

Key Stakeholders

  • Manufacturers and vendors of machine control systems
  • Construction equipment manufacturers
  • Original equipment manufacturers
  • Suppliers of raw materials and manufacturing equipment
  • Research organizations
  • R&D institutes
  • Machine control system software and service providers
  • Technology standards organizations, forums, alliances, and associations

Study Objectives:

  • To describe and forecast the machine control system market, in terms of value, by type, equipment, and vertical
  • To describe and forecast the market, in terms of value, for four main regions: North America, Europe, Asia Pacific, and Rest of the World
  • To provide detailed information regarding the major drivers, restraints, opportunities, and challenges influencing the growth of the market
  • To study the complete value chain of the machine control system market ecosystem, along with market trends and use cases
  • To strategically analyze micromarkets with respect to individual growth trends, prospects, and contributions to the overall machine control system market
  • To profile key players and comprehensively analyze their market position in terms of revenue and core competencies
  • To provide a detailed competitive landscape of the market
  • To analyze competitive developments such as agreements, partnerships, collaborations, product launches, and ongoing R&D in the market
  • To benchmark market players using the Company Evaluation Quadrant, which includes an analysis of the market players on the basis of various parameters within the product footprint and market share/rank

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Company Information:

  • Detailed analysis and profiling of additional five market players
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Report Code
SE 4828
Published ON
Jun, 2023
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