HOME Research Insight New Product Development was the Major Strategy Adopted by Cognex between 2014 and 2016

New Product Development was the Major Strategy Adopted by Cognex between 2014 and 2016

Machine control systems are available for different industries such as construction, transportation, agriculture, waste management, and mining, among others, depending on their requirements. These systems are designed to enhance the precision and related earthwork equipment activities in the industries. Moreover, factors such as the rising demand for precision, growing optimization of construction activities, and increasing requirement of enhanced productivity are boosting the adoption of machine control systems. These systems are widely used in precision agriculture to increase the agricultural output. 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 growth of this market is propelled by rise in demand for faster survey and quality assurance checks and machine control systemsí ability to enhance productivity in the construction, agriculture, and transportation industries by eliminating bulky earthworks at the jobsite.

As of 2015, the machine control system market was dominated by companies such as Leica Geosystems (Switzerland), Topcon Corp. (Japan), Trimble Inc. (U.S.), and RIB Software AG (Germany). These players have been relying on their strong R&D capabilities and a balanced product portfolio to increase their customer base in the market.

Leica Geosystem (Switzerland) offers integrated solutions in the machine control system market. The company has a wide market presence and also a diversified product portfolio.  Leica Geosystem offers geospatial products to the aerospace, defense, safety and security, construction, and manufacturing sectors. It offers products and systems for surveying and geographical measurements. To expand its machine control business, the company has adopted the strategies of partnerships and new product launches. For instance, it has partnered with DJI and Aibotix (Germany) to drive UAV adoption in the surveying and construction business. Such partnerships would help the company in delivering aerial data capture solutions and high accuracy aerial measurement.

Trimble Inc. is a key player in providing machine control system solutions. The company provides positioning, wireless, and software technology solutions. It is transforming the way the world works by delivering products and services that connect the physical and digital worlds.  The engineering and construction segment of the company serves the architecture, engineering, construction, surveying, natural resources, and government sectors. It integrates a wide range of positioning technologies, including GPS, laser, optical, and inertial technologies, with application software, wireless communications, and services to provide complete commercial solutions. The products offered through this segment are used in heavy civil construction, building construction, and geospatial applications. Its geospatial business provides services to the construction, engineering, mining, oil and gas, energy and utilities, government, and land management sectors. In 2015, the company launched Trimble Ready Factory with Vermeer Corporation to perform mining operations accurately.

The other players in this market include MOBA Mobile Automation AG (Germany), Andritz Ltd. (Austria), Belden Inc. (U.S.), Maximatecc (U.S.), Schneider Electric (France), and Prolec Ltd. (U.K.).

Related Reports:

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

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