Machine Control System Market Size Worth $10.12 Billion By 2027: Grand View Research, Inc.

Machine Control System Market Size Worth $10.12 Billion By 2027: Grand View Research, Inc.

PR Newswire

SAN FRANCISCO, Sept. 10, 2020

SAN FRANCISCO, Sept. 10, 2020 /PRNewswire/ -- 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.

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Key suggestions from the report:

Read 110 page research report with ToC on "Machine Control System Market Size, Share & Trends Analysis Report By Product (Total Stations, GNSS, Laser Scanners, Airborne), By Equipment, By Vertical, By Region, And Segment Forecasts, 2020 - 2027" at: https://www.grandviewresearch.com/industry-analysis/machine-control-system-market

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.

Grand View Research has segmented the global machine control system market on the basis of product, equipment, vertical, and region:

List of Key players of Machine Control System Market

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About Grand View Research

Grand View Research, U.S.-based market research and consulting company, provides syndicated as well as customized research reports and consulting services. Registered in California and headquartered in San Francisco, the company comprises over 425 analysts and consultants, adding more than 1200 market research reports to its vast database each year. These reports offer in-depth analysis on 46 industries across 25 major countries worldwide. With the help of an interactive market intelligence platform, Grand View Research helps Fortune 500 companies and renowned academic institutes understand the global and regional business environment and gauge the opportunities that lie ahead.

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