Home » International News / Press Releases » December 14, 2016 » Machine Control System Market Worth 8.16 Billion USD by 2022

Machine Control System Market Worth 8.16 Billion USD by 2022

PUNE, India, December 14, 2016 /PRNewswire/ --

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", published by MarketsandMarkets, the market is expected to be valued at USD 8.16 Billion by 2022, growing at a CAGR of 13.9% between 2016 and 2022.

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Browse 64 market data Tables and 61 Figures spread through 157 Pages and in-depth TOC on "Machine Control System Market"

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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.

"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.

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"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.

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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.).

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