Innovations In The Machine Control System Market
The global machine control system market size is projected to grow from USD 4.5 billion in 2022 to USD 6.5 billion by 2027 at a CAGR of 7.7% during the forecast period. The growth of the machine control system market is majorly driven by the elimination of bulk earthworks set out and survey pegging and anticipated demand from growing construction industry.
GNSS segment is expected to account for the highest share of the market in 2022 among all types. GNSS, used with various other construction equipment, such as dozers, excavators, and scrapers, significantly helps in efficient surveying and positioning in harsh environments. These systems are largely preferred in a variety of applications, including construction sites, mining plants, or infrastructure projects, due to their high point machine guidance.
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Excavators segment is expected to hold the largest market share in 2022. They usually have a control system mounted on them to enhance flexibility, accuracy, and efficiency at the construction site. Companies such as Trimble (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 machine control system market in Asia Pacific accounted for the largest market size in 2021. 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.
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