HOME Press Releases Machine Control System Market worth 8.16 Billion USD by 2022



Machine Control System Market worth 8.16 Billion USD by 2022


According to the new market research report "Machine Control System Market by Type (Total Stations, GNSS, Laser Scanners, Airborne Systems, GIS Collectors), Equipment (Excavators, Dozers, Graders, Scrapers, Loaders), Industry (Construction, Transportation, Agriculture, Mining) - Global Forecast to 2022", the machine control system market is expected to be valued at USD 8.16 Billion by 2022, growing at a CAGR of 13.9% between 2016 and 2022. The factors that are driving the growth of the market include the rising demand for precision and the enhanced productivity and optimized operations in the construction, transportation, and agriculture industries.

Browse 64 market data tables and 60 figures spread through 154 pages and in-depth TOC on “Machine Control System Market  - Global Forecast to 2022"
https://www.marketsandmarkets.com/Market-Reports/machine-control-system-market-62579001.html
Early buyers will receive 10% customization on reports.

“Total stations to hold the largest size of the overall machine control system market during the forecast period“

Total stations accounted for the largest share of ~29% of the machine control system market in 2015. A total station is a comprehensive solution for grading; it provides the 3D visualization of the grading sites with the help of hydraulics mounted with GNSS or GPS systems. The handling of total stations is easier than that of other devices such as GNSSs and laser scanners, in terms of flexibility. Total stations can simultaneously do the job of graders, laser scanners, and scrapers. Due to these factors, the adoption of total stations is expected to increase during the forecast period.

“Market for graders likely to grow at the highest rate between 2016 and 2022”

Graders are used in total stations to get precision while grading, control slope, and elevation of blades. This equipment enhances accuracy and increases productivity, while reducing rework costs. Thus, total stations are widely used in grading operations. In addition, graders ensure the level or elevation of the jobsite by fine grading using machine control systems. Owing to the precision and flexibility offered by graders in machine control systems, this market is expected to grow at the highest rate between 2016 and 2022.

“Machine control system market in APAC expected to grow at the highest rate between 2016 and 2022”

APAC is expected to be the fastest growing market for machine control systems during the forecast period. The construction industry and the transportation infrastructure are developing in this region. The rising industrialization and urbanization as well as the increasing construction and transportation activities are propelling the growth of the market in this region. Developing economies such as China and India are undertaking massive infrastructure projects and investing heavily in transportation projects. The market in APAC has been subsegmented into China, Japan, India, and Rest of APAC.

The major players operating in this market include Leica Geosystems (Switzerland), Topcon Corporation (Japan), Trimble Inc. (U.S.), and RIB Software AG (Germany). Some of the other players in the market are MOBA Mobile Automation AG (Germany), Andritz Ltd. (Austria), Belden Inc. (U.S.), Maximatecc (U.S.), Schneider Electric (France), and Prolec Ltd. (U.K.).

About MarketsandMarkets

MarketsandMarkets is the largest market research firm worldwide in terms of annually published premium market research reports. Serving 1700 global fortune enterprises with more than 1200 premium studies in a year, M&M is catering to a multitude of clients across 8 different industrial verticals. We specialize in consulting assignments and business research across high growth markets, cutting edge technologies and newer applications. Our 850 fulltime analyst and SMEs at MarketsandMarkets are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors.

M&M’s flagship competitive intelligence and market research platform, "RT" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets. The new included chapters on Methodology and Benchmarking presented with high quality analytical infographics in our reports gives complete visibility of how the numbers have been arrived and defend the accuracy of the numbers.

We at MarketsandMarkets are inspired to help our clients grow by providing apt business insight with our huge market intelligence repository.

Contact:
Mr. Rohan
Markets and Markets
UNIT no 802, Tower no. 7, SEZ
Magarpatta city, Hadapsar
Pune, Maharashtra 411013, India
1-888-600-6441
Email: sales@marketsandmarkets.com

Connect Us

Follow us on LinkedIn  Follow us on Facebook   Follow us on Twitter 
Live Chat Support


US : 1-888-600-6441

Search reports