The global machine control system market size is expected to reach USD 10.12 billion by 2027, to a new report by Grand View Research, Inc., expanding at a CAGR of 11.2%, over the forecast period. Machine control systems are defined as technologically advanced devices deployed for correct positioning of earthmoving and construction machinery. These systems can precisely identify areas for the initiation of work so that heavy equipment can be placed in the right place. Proper positioning facilitates enhanced safety for workers in harsh working environments. It improves the efficiency of work during tighter timelines, thereby increasing the adoption of these systems and driving market growth.
Over
the years, 3D machine control systems have replaced traditional survey pegs
with 2D, for positioning work due to technological advancements. These systems
use technology like GNSS, GIS, optical scanning, laser scanning, and robotic
based machine control, among others, for scanning the perimeter and identify
areas for positioning. For instance, TOPCON CORPORATION offers robotic machine
control based on local positioning system (LPS-900), which guides to the
machines during thick cloud covers and dense forest covers where the
machine-installed GPS does not work. The LPS- 900 systems are the robotic total
stations that increase the speed and accuracy of tracking the machine and
facilitate better positioning. Such advanced features are expected to increase
the demand for machine control systems and contributing to market growth.
Limited
amount of earthwork and lack of technical expertise to operate the systems may
hamper market growth. However, developing countries have been investing in the
training of personal and adoption of machine guided technologies, which is
expected to impact the market positively. Moreover, the growing number of
infrastructure and urbanization projects coupled with the rising need for
safety is anticipated to drive the market growth.
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Machine Control
System Market Report Highlights
- The
increasing demand for machine control systems from various sectors like
mining, agriculture, marine, and oil and gas, is expected to drive the
market growth
- Asia Pacific
is anticipated to expand at the highest CAGR of approximately 13% over the
forecast period owing to the rising number of commercial, industrial, and
infrastructure projects
- The key
market players focus on mergers and acquisitions for gaining access to
different technologies, venturing into new verticals, and enhancing the
product innovation process. For example, in August 2018, TOPCON
CORPORATION completed the acquisition of ThunderBuild BV Group-a
Netherlands based company that develops logistics management software.
This acquisition enabled TOPCON CORPORATION to develop asphalt paving
solutions and expand its paving systems portfolio
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About Grand View Research
Grand
View Research, Inc. is a U.S. based market research and consulting company,
registered in the State of California and headquartered in San Francisco. The
company provides syndicated research reports, customized research reports, and
consulting services. To help clients make informed business decisions, we offer
market intelligence studies ensuring relevant and fact-based research across a
range of industries, from technology to chemicals, materials and healthcare.
For more info visit @ https://www.grandviewresearch.com
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