Machine Control System Market To Hit Value .12 Billion By 2027Posted by Mrudula Anil Karmarkar on February 11th, 2021 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. Companies are focused on making the systems less complicated and achieve higher productivity by introducing advanced technologies in their systems. For instance, Leica Geosystems AG has introduced MSS400 Series for excavators, equipped with advanced sensors and SP technology. The system is equipped with pressure-tight connectors; stainless steel brackets, robust sensor housing, and rugged cabling that make it suitable for underwater digging. Besides, the system is integrated with Leica Geosystems SP technology, which reduces the complexity as compared to traditional guidance systems. The deployment of such advanced techniques enables the contractors to finish their projects under budgets and ahead of scheduled deadlines, and is expected to increase the adoption of machine control systems. Machine Control System Market Report Highlights
The deployment of machine control systems reduces the field and machine downtime and facilitates efficient use of resources. The failure of heavy machinery to work at the construction site may cause delays in work and incur massive losses in monetary terms. Machine control technologies ensure precise monitoring and control of the construction equipment to deliver optimal performance and faster quality assurance at the working sites. Thus, investment in machine control systems promises in saving time, avoid budget overruns, and reduce costs involved in the maintenance of machines, which is anticipated to contribute to the market growth. The high initial cost and complexity in the usage of these systems may hinder market growth. The heavy machinery involved in construction and mining includes equipment like excavators, dozers, scrapers, and graders, which are already expensive. The integration and installation of machine control technology with these types of equipment further increase the entire system’s cost. Furthermore, these systems are complex to work with and require trained personals to handle it, which is an issue considering that laborers operate most of the construction equipment. However, the growing demand for high quality and sustainable infrastructure has propelled construction companies to invest in sophisticated equipment and impart training to the workers. Such factors are expected to increase the demand for machine control systems, thereby driving the market growth. Have a Query? Ask Our Expert: https://www.grandviewresearch.com/inquiry/4135/ibb The market is highly consolidated owing to the number of very few players available in the market. The growth of companies in this market is highly dependent on the support from the governments sanctioning the infrastructure projects for construction companies. Several market players are engaged in investing in research and development and introducing new technologies in their products. For instance, in March 2020, Trimble Inc. launched version 2.0 of the Earthworks Grade Control Platform. This new product is featured with horizontal steering control, augmented reality for ease in understanding 3D models, and Integrated Trimble Loadrite. These features provide payload management and display of payload data for grade control on a single screen. The companies are also focused on forming a partnership and making acquisitions to harness new technologies and gain a competitive edge in the market. For example, in September 2018, Hemisphere GNSS, Inc. completed the purchase of Outback Guidance Business from AgJunction, Inc., an agriculture solution provider based in the U.S. This acquisition helped Hemisphere GNSS, Inc. to expand its business portfolio in the agricultural sector. Some of the prominent players in the machine control system market include:
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