Market Highlights
The
Machine Control System Market is set to grow at a CAGR of 14.12% during the
forecast period 2017 to 2023. As per the market research report, the market
will hit US$8 billion in terms of valuation by the end of 2023. The market
growth will be driven by rising automation. Based on the research report, the
operation and working of building construction will accelerate growth in the
market till 2023. Although lack of technical expertise will have a negative
impact on the global machine control system market’s growth during this period.
The lucrative growth opportunities will likely become a threat. The machine
control system market report published by expert analysts includes primary and
secondary data and suggests that type, equipment, end user, and regions
segments are anticipated to witness tremendous growth till 2023. Factors such
as replacement of traditional surveys will be major growth factors during the
forecast period and rising uses of HoloLens is also said to be supporting the
market globally, however, the growth projected for the forecast period could be
affected by factors such as applications largely limited to earthwork
construction which could negatively affect activities taking place across the
market. Lack of technical expertise is another challenge the market could face
till 2023.
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Segmentation:
The machine control system market is
segregated into different market segments based on type, equipment, end user,
and regions. For a comprehensive analysis of the market, the type, equipment,
end user, and regions segments are further split into smaller segments. The
type of segment is categorized into GIS controllers, global navigation
satellite system (GNSS), laser scanners, total stations, and others.
Furthermore, based on equipment, the global market is also segmented into
dozers, excavators, graders, loaders, scrapers, and others. Based on the market
segmentation analysis, the report covers market forecasts. On the basis of end
users, the global market is split into sub segments including agriculture,
construction, marine, mining, and others.
The shift from 2D to 3D visualization will
support the market growth from 2017 to 2023. As per the market research report,
the global market for machine control systems is anticipated to grow at a
healthy rate across all the type, equipment, end user, and regions segments.
However, the presence of active threats such as high-cost training requirements
could hamper the market growth. Business activities across earthwork machinery
have also been examined and studied by earthwork machinery industry’s
experienced analysts. The machine control system market research report covers
findings with predictions and forecasts till 2023.
Competitive Landscape:
Long Bridge Inc., located in Cambridge,
Ontario, Canada, specialises in the design of custom electrical control panels,
and is delighted to announce the acquisition of Computer Control Systems Ltd.
Long Bridge's leadership team, which includes John Milligan, Chairman, and
Peter Beacock, Managing Director, has been collaborating with Andrew Barlow,
Managing Partner of Machine Control Systems, and his team to ensure a smooth
transfer of ownership and incorporation while retaining a single emphasis on
control panel design. The combination of the two firm’s results in a staff of
more than forty people dedicated to creating the best control panels on the
planet, with onsite certifications such as CSA, UL, as well as CE, all achieved
in a strict ISO setting.
Regional Analysis:
The machine control system market, with its segments, is present in
different parts of the world. Earthwork machinery based regional markets are
also covered in the market research report. The regional markets are
Asia-Pacific, Europe, North America, the Middle East and Africa and the rest of
the world. Emerging regions across the globe present untapped opportunities is
anticipated to be a major factor for growth across the earthwork machinery
space during the forecast period. The regional market in North America is
classified as the United States, Mexico, Canada, and others. The earthwork
machinery sector based regional markets in Europe are split into Italy,
Germany, France, and the United Kingdom. In the Asia Pacific region, the market
is segmented into China, India, Japan, and others. Earthwork machinery based
businesses in these regional markets are anticipated to grow due to the
expanding construction industry during the forecast period 2017 to 2023.
Although the market’s growth could be affected by changing trends in
manufacturing techniques. The analysts have also segmented markets of the
Middle East, Africa, and the rest of the world.
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