Machine Control System Market worth $5.6 billion by 2025 - E
CHICAGO, July 22, 2020 /PRNewswire/ -- According to the new market research report "Machine Control System Market with COVID-19 impact by Type (Total Stations, GNSSs, Laser Scanners, Sensors), Equipment (Excavators, Loaders, Graders, Dozers, Scrapers, Paving Systems), Vertical, Region-Global Forecast to 2025", published by MarketsandMarkets™, the global Machine Control System Market size was valued at USD 4.1 billion in 2020 and is projected to reach USD 5.6 billion by 2025; it is expected to grow at a CAGR of 6.3% from 2020 to 2025. The key factors fueling the growth of this market include 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.
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Excavators are expected to hold the largest size of the machine control system market by 2025
Excavators usually have a control system mounted on them to enhance flexibility, accuracy, and efficiency at the construction site. Companies such as Trimble Inc. (US) and Hexagon (Switzerland) offer excavators installed with 2D and 3D control systems or grade control systems. Advanced 3D guidance systems equipped with GNSS technology guide operators with design information and real-time cut/fill indications are displayed on the control panel. This increases productivity and flexibility while reducing excavation costs and rework time. The market for excavators is largely driven by advantages such as being faster, more precise, and more efficient excavation equipment compared to other equipment types.
The infrastructure industry is projected to account for the largest size of the machine control system market by 2025.
Machine control systems such as GNSS, total stations, laser scanners, and sensors are significantly used in infrastructure projects in major countries such as China, India, Japan, the US, the UK, and Germany. These countries have some of the aging infrastructures with respect to railways, bridges, and roads that are in dire need of repairs; additionally, some new projects have also been planned by governments for adding more advanced infrastructure. Machine control equipment, such as excavators, graders, dozers, and paving systems, are used in large road and infrastructure construction. Therefore, the machine control system market for the infrastructure vertical is expected to account for the largest share of the market.
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APAC projected to be the largest market for a machine control system from 2020 to 2025.
The machine control system market in APAC accounted for the highest market size in 2019, which is expected to continue during the forecast period. The dominance of the market is attributed to the increasing infrastructure, commercial, and industrial projects in emerging countries such as China, Japan, India, and South Korea. The aging infrastructure of these countries, such as bridges, roads, sewage systems, and tunnels, are being constantly modified and worked upon with the help of various machine control equipment, such as excavators, scrapers, paving systems, and dozers. However, the market in APAC is expected to see a dip owing to the halt of both ongoing as well as new infrastructure and construction projects due to COVID-19. With the operations gradually resuming, the demand for machine control systems used in such projects may increase with time in the coming years, along with an economic recovery.
The key players operating in the machine control system market include Topcon (Japan), Trimble (US), Hexagon (Switzerland), MOBA Mobile Automation (Germany), Hemisphere GNSS (US), and Eos Positioning Systems (US) among others.
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