Machine Control System Market

Market Leadership - Machine Control System Market

The machine control system market is projected to grow from USD 4.5 billion in 2019 to USD 6.6 billion by 2024—growing at a CAGR of 8.16%. Major factors driving the machine control system market growth are the elimination of the need for bulk earthworks set out and survey pegging using machine control systems and the need for faster work and more efficiency during tighter timelines. However, high initial investment and a dearth of technical expertise are the factors that hinder the market growth. Rising demand for machine-guided technologies in emerging economies in APAC create opportunities for market players, whereas maintaining reliability and accuracy of data offered by machine control systems based on GNNS technology is a major challenge for these market players.

Topcon (Japan), Trimble (US), Hexagon (Sweden), MOBA Mobile Automation (Germany), Hemisphere GNSS (US), and Eos Positioning Systems (US) are a few major players in the machine control system market.

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Topcon Corporation

Top 2 Players in Machine Control System Market:

Trimble INC.

Trimble Inc. provides positioning products worldwide. 51% of Trimble’s growth was mainly due to the companies it acquired during 2013–2018. To provide the latest example, in July 2018, Trimble acquired Viewpoint, a leading provider of scalable construction management software. In February 2018, Trimble partnered with Aquarius Spectrum Ltd. (Israel), a company that develops a mobile application to detect water leaks for municipalities.

In 2018, the company continued to innovate and introduce new products including a new series of mechanical total stations and inertial technologies for autonomy and mobile mapping for the growth of its Geospatial business segment. Trimble takes steps to be at par with the latest technology in machine control; for example, in 2018, the company released the latest generation of machine control, which is near to the holistic machine autonomy system. Due to accurate positioning technology, various transformative innovations have taken place in the agriculture industry. In many innovations, machine guidance was the earliest application, which enabled lower costs, higher machine and labor utilization, and improved yields.

Topcon Corporation has global presence, and it develops, manufactures, and sells positioning, eye care, and smart infrastructure products. It launches disruptive strategic products. Although the company had planned to launch 74 models since its inception, it successfully launched 93 models. Also, the company narrowed down 300 models of total stations to only 30 models. This shows that the company has narrowed down its offerings to be efficient and productive without any unnecessary products if counted in numbers. It turned civil engineering and construction work into factory-like operations with IT and operations.

The company is regularly involved with innovative ideas such as outfitting a tractor with an auto-steering system carrying GNSS receiver in agriculture to increase productivity and precision. This tractor, equipped with positioning data, machine control technology, and weighing information, can operate over a large area.

As a part of its growth strategy, the company is involved in product launches. For example, in October 2018, Topcon launched GT-503M, a total station for the European market. Similarly, in April 2018, it launched X-53x—a 3D machine control system for excavators. It maximizes the output of excavators up to 30 percent more than machines without a 3D system through precise positioning of boom, stick, and bucket. It is also compatible with all brands and models of excavators.

Related Reports:

Machine Control System Market by Type (Total Stations, Global Navigation Satellite Systems, Laser Scanners, Sensors), Equipment (Excavators, Loaders, Graders, Dozers, Scrapers, Paving Systems), Vertical, and Region - Global Forecast to 2024

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