Machine Control System Market Forecast to reach USD 8.16 billion by 2022

LONDON, April 24, 2017 /PRNewswire/ -- GNSSs are integrated with construction equipment such as graders, dozers, scrapers, and airborne systems to increase productivity and provide situational awareness to the field operators. These systems offer increased efficiency and accuracy and are used in applications such as job management, data management, and theft detection.

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"Market for graders expected to grow at the highest rate during forecast period"
Graders are used in total stations to get precision while grading, control slope, and elevation of blades. This equipment enhances accuracy and increases productivity, while reducing rework costs. Thus, total stations are widely used in grading operations. In addition, graders ensure the level or elevation of the jobsite by fine grading using machine control systems. Owing to the precision and flexibility offered by graders in machine control systems, this market is expected to grow at the highest CAGR between 2016 and 2022.

"Construction to hold the largest share of the overall machine control system in 2016"
The construction industry is expected to hold the largest share of the global machine control system market in 2016. This industry holds the largest share of the machine control system market, owing to the increasing construction of commercial buildings, retail spaces, residential buildings, and non-commercial infrastructure worldwide. Moreover, the requirement of machine control systems in the construction industry is expected to increase with the rise in new construction projects.

"Machine control system market in APAC expected to grow at the highest rate between 2016 and 2022"
APAC is expected to be the fastest growing market for machine control systems during the forecast period. Developing economies such as China and India are undertaking massive infrastructure projects and investing heavily in transportation projects. The market in APAC has been subsegmented into China, Japan, India, and Rest of APAC.

Break-up of the profiles of primary participants for the report has been given below:

- By Company Type: Tier 1 – 28%, Tier 2 – 38%, and Tier 3 – 34%
- By Designation: C–Level Executives – 68%, Directors– 32%
- By Region: North America - 30%, Europe – 25%, APAC – 30%, and RoW – 15%

The major players operating in this market include Leica Geosystems (Switzerland), Topcon Corporation (Japan), Trimble Inc. (U.S.), and RIB Software AG (Germany). Some of the other players in the market are MOBA Mobile Automation AG (Germany), Andritz Ltd. (Austria), Belden Inc. (U.S.), Maximatecc (U.S.), Schneider Electric (France), and Prolec Ltd. (U.K.).

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