Machine Control System Market Worth $6.4 Billion by 2029
Machine Control System Market worth $6.4 Billion by 2029
Meticulous Research®—a leading global market research company, published a research report titled, ‘Machine Control System Market by Component (GNSS, Laser Scanners), Machine Type (Excavators, Graders, Dozers), Controller Type (PLC, CNC, PAC), Industry Vertical (Construction, Manufacturing), and Geography - Global Forecast to 2029.’ According to this latest publication from Meticulous Research®, the machine control systems market is expected to reach $6.4 billion by 2029, at a CAGR of 4.8% from 2022 to 2029. The growth of this market is driven by the increasing number of infrastructure projects globally and the rising concerns related to worker safety and the precision of heavy construction machinery. In addition, the rising adoption of industry 4.0 technologies is expected to offer significant opportunities for the growth of this market. However, the shortage of technical experts is expected to restrain the growth of this market. Access full Report Description, TOC, Table of Figure, Chart, etc: https://www.meticulousresearch.com/product/machine-control-system-market-5373 The machine control systems market is segmented based on component, machine type, control system, controller type, application, industry vertical, and geography. The study also evaluates industry competitors and analyses the market at the country level.
Based on component, the machine control systems market is segmented into total stations, GNSS, laser scanners, sensors, and other components. In 2022, the GNSS segment is expected to account for the largest share of the machine control systems market. The large market share of this segment is attributed to factors such as the increasing usage of GNSS in various applications, including construction sites, mining plants, and infrastructure projects, to improve productivity. This segment is also slated to register the highest CAGR during the forecast period. Download Research Sample- https://www.meticulousresearch.com/download-samplereport/cp_id=5373
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Machine Control System Market worth $6.4 Billion by 2029
Based on machine type, the machine control system market is segmented into dozers, graders, excavators, loaders, scrapers, and other machine types. In 2022, the excavators segment is expected to account for the largest share of the machine control systems market. The large market share of this segment is attributed to the increasing installation of 2D and 3D excavators to increase flexibility and productivity while reducing excavation costs. This segment is also slated to register the highest CAGR during the forecast period. Request for Sample: https://www.meticulousresearch.com/request-sample-report/cp_id=5373 Based on control system type, the machine control systems market is segmented into 2D and 3D. In 2022, the 2D segment is expected to account for the larger share of the machine control systems market. The large market share of this segment is attributed to the increasing installation of 2D machine control systems for various construction applications to provide height and slope reference to operators. However, the 3D segment is slated to register the higher CAGR during the forecast period. The growth of this segment is driven by the increasing need for 3D visualization in construction sites and the generation of real-time data to provide accurate equipment positioning. Based on controller type, the machine control system market is segmented into computer numerical control, programmable logic controller, programmable automation controller, personal computer, motion controller, and other controller types. In 2022, the programmable logic controller segment is expected to account for the largest share of the machine control systems market. The large market share of this segment is attributed to the increase in demand for automated equipment for controlling machines during the COVID-19 pandemic. This segment is also slated to register the highest CAGR during the forecast period. Based on application, the market is segmented into machine automation, monitoring & control, machine safety, and other applications. In 2022, the monitoring & control segment is expected to account for the largest share of the machine control systems market. The large market share of this segment is attributed to the advancements in sensors for better monitoring and controlling equipment. This segment is also slated to register the highest CAGR during the forecast period. Based on industry vertical, the market is segmented into manufacturing, construction, agriculture, mining, oil & gas, and other industry verticals. In 2022, the construction segment is expected to account for the largest share of the machine control systems market. Additionally, this segment is slated to register the highest CAGR during the forecast period. The growth of this segment is driven by the rise in urbanization and the increasing number of infrastructure projects in developing countries. Customize my Report: https://www.meticulousresearch.com/request-customization/cp_id=5373 Geographic Review: Based on geography, the machine control system market is segmented into North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa. In 2022, Asia-Pacific is expected to account for the largest share of the machine control systems market. The market in Asia-Pacific is also slated to register the highest CAGR during the forecast period. The growth of this regional market is driven by the increasing government initiatives to carry out infrastructure projects such as smart cities, roads, bridges, sewage systems, and tunnels, subsequently increasing the demand for
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Machine Control System Market worth $6.4 Billion by 2029
machine control systems. Furthermore, the countries in Asia-Pacific are experiencing significant growth due to ongoing industrialization, contributing to the market’s growth. Key Players: The key players operating in the machine control systems market are Topcon Corporation (Japan), Trimble, Inc. (U.S.), Hexagon (Sweden), MOBA Mobile Automation (Germany), Hemisphere GNSS, Inc. (U.S.), Komatsu Ltd. (Japan), AB Volvo (Sweden), Eos Positioning Systems, Inc. (Canada), Hitachi Construction Machinery Co., Ltd. (Japan), Andritz (Austria), Caterpillar Inc. (U.S.), Carlson Software (U.S.), Honeywell International Inc. (U.S.), Liebherr (Germany), RIB Software SE (Germany), and ABB Ltd. (Switzerland). Buy Now: https://www.meticulousresearch.com/Checkout/79705820 Contact Us: Meticulous Research® Email-
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