LAMEA Machine Control System Market By Product (GNSS, Total Stations, Laser Scanners, and Airborne), By Equipment (Excavators, Loaders, Paving Systems, Graders and Others), By End User (Construction, Mining, Oil & Gas, Agriculture, Marine, and Others), By Country, Industry Analysis and Forecast, 2020 - 2026
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Market Report Description
The Latin America, Middle East and Africa Machine Control System Market would witness market growth of 14.8% CAGR during the forecast period (2020-2026). To control machine operation, machine control frameworks are used. They are used to accurately position the earthwork apparatus with the assistance of a worldwide positioning framework or geographical information framework. These frameworks are utilized in excavators, for example, rollers, pavers, rollers, cold planers, and others. The machine control framework has a wide range of applications in construction, farming, transportation, and others.
Machine control frameworks use innovations, for example, GNSS, GIS, laser scanning, and robotics to examine the working regions and accurately recognize points where heavy earthmoving apparatus can be positioning. The right positioning of the earthmoving apparatus encourages the appropriate commencement of work and guarantees a protected environment. As such, it enhances the effectiveness of working by speeding up and precision in the earthmoving and construction work. The growing requirement for accuracy in control and navigation of heavy machinery is anticipated to boost the development of the market.
The deployment of machine control frameworks decreases the field and downtime of the machine and encourages proficient utilization of assets. The failure of heavy machinery to operate at the construction site may cause delays in work and result in huge losses in financial terms. Machine control advancements make sure about the precise monitoring and control of the construction gear to deliver ideal performance and quicker quality assurance at the operating locations. Therefore, investment in machine control frameworks guarantees saving time, prevent spending overruns and decrease costs associated with the maintenance of machines, which is foreseen to add to the development of the market.
The high initial expense and unpredictability in the use of these frameworks may obstruct the growth of this market. The heavy machinery engaged in construction and mining incorporates equipment such as excavators, dozers, scrapers, and graders, which are already costly. The incorporation and installation of machine control innovation with these types of instruments further increment the entire expenses associated with the system. Besides, these frameworks are complicated to work with and require trained personals to deal with it, which is an issue as workers operate the majority of the construction equipment. However, the increasing demand for top quality and sustainable infrastructure has pushed construction organizations to put resources into refined hardware and give training to the laborers. Such components are anticipated to expand the demand for machine control frameworks, along these lines boosting the growth of the market.
Based on Product, the market is segmented into GNSS, Total Stations, Laser Scanners, and Airborne. Based on Equipment, the market is segmented into Excavators, Loaders, Paving Systems, Graders and Others. Based on End User, the market is segmented into Construction, Mining, Oil & Gas, Agriculture, Marine, and Others. Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
The market research report covers theanalysis of key stake holders of the market. Key companies profiled in the report include Hexagon AB (Leica Geosystems AG), Topcon Corporation (Topcon Positioning Group), Trimble, Inc., Komatsu Ltd., Volvo Group, Caterpillar, Inc., RIB Software SE (Schneider Electric Investment AG), MOBA Mobile Automation AG, Eos Positioning Systems, Inc., and Hemisphere GNSS, Inc. (Beijing UniStrong Science & Technology Co., Ltd.)
Scope of the LAMEA Machine Control System Market Analysis
- Total Stations
- Laser Scanners
- Paving Systems
By End User
- Oil & Gas
- Saudi Arabia
- South Africa
- Rest of LAMEA
- Hexagon AB (Leica Geosystems AG)
- Topcon Corporation (Topcon Positioning Group)
- Trimble, Inc.
- Komatsu Ltd.
- Volvo Group
- Caterpillar, Inc.
- RIB Software SE (Schneider Electric Investment AG)
- MOBA Mobile Automation AG
- Eos Positioning Systems, Inc.
- Hemisphere GNSS, Inc. (Beijing UniStrong Science & Technology Co., Ltd.)
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