Published Date: 15-Oct-2020
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According to a new report Global Machine Control System Market, published by KBV research, The Global Machine Control System Market size is expected to reach $8.4 billion by 2026, rising at a market growth of 13.2% CAGR during the forecast period.
The market was dominated by the GNSS segment in 2019. This high share is ascribed to GNSS's deployment on hardware, for example, scrapers, dozers, graders, excavators, and airborne frameworks. The use of GNSS for a variety of uses like ground mapping, agriculture, mining, Unmanned Aerial Vehicle (UAV), defense, and others, is another factor adding to the demand of these frameworks. Moreover, GNNS gives high proficiency and precision for the right positioning of heavy machinery, which guarantees improved efficiency.
The market was dominated by the construction segment in 2019. This is ascribed to the expanding urbanization and different on-going infrastructure projects attempted by developing nations. The construction sites utilize a great many employees and the growing demand for safety measures have prompted the adoption of machine control frameworks in the construction sector. The agriculture portion is anticipated to observe a consistent CAGR due to the ever-expanding population creating a high demand for food. The expansion in this sector is basically driven by the requirement for quick production and improved yield quality.
The machine control frameworks market was dominated by North America in 2019. This is credited to the mature construction industry and progression in the agricultural cycles in this area. Additionally, the demand for these frameworks has expanded in Canada for expressway construction projects. The increasing demand for automation and process instrumentation in construction projects is anticipated to boost the demand in this region. Asia Pacific region is anticipated to enlist the highest growth over the forecast period, with China and India being the significant contributors in this region. Governments in these nations have undertaken projects to redesign the aging infrastructure, for example, roads, bridges, sewage frameworks, and tunnels with the assistance of different machine control gear.
Structural Insights: https://www.kbvresearch.com/machine-control-system-market/
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of 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.)
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