What Has Driven the Growth of the Machine Control System Market in Recent Years?
The machine control system market has seen considerable growth due to a variety of factors.
• There has been a swift expansion in the machine control system market size in the past few years. The market is projected to increase from $5.53 billion in 2024 to $6.15 billion in 2025, at a compound annual growth rate (CAGR) of 11.1%.
Factors contributing to the previous period's growth include increased automation demand, the emergence of IoT and connectivity, the need for precision agriculture, infrastructure enhancement, and growth in the mining industry.
What Is the Forecasted Market Size and Growth Rate for The Machine Control System Market?
The machine control system market is expected to maintain its strong growth trajectory in upcoming years.
• The market size of the machine control system is poised for a significant surge in the coming years, with expectations to reach a value of $9.36 billion in 2029, presenting a Compound Annual Growth Rate (CAGR) of 11.1%.
The upsurge during the forecasted period is largely attributed to the increasing requirement for unmanned vehicles, the integration of 5G technology, the proliferation of smart cities initiatives, the heightened focus on cybersecurity, and the worldwide growth of e-commerce. Key trends predicted within this period involve the shift towards cloud-integrated machine control solutions, the integration of superior analytics, the embracement of hybrid and electric machines, and the uptake of 3D printing technology.
What Are The Essential Drivers Behind The Growth Of The Machine Control System Market?
The machine control system market is anticipated to witness significant growth due to increasing urbanization. The act of urbanization is described as the departure of individuals from rural areas to reside in cities and towns, causing a surge in urban populations. As this phenomenon continues to evolve worldwide, machine control systems are becoming vital in addressing the challenges of population growth, infrastructure needs, and environmental issues. They are improving efficiency and sustainability in sectors such as construction, transport, and agriculture. As an illustration, the World Bank, a financial institution based in the U.S, reported in October 2022 that about 4.4 billion people, which represents 56% of the world's population, currently live in cities. Projections for 2050 indicate that around 7 in every 10 people will be living in cities, more than doubling the existing urban population. Similarly, by 2030, it is estimated that the world will have an additional 1.2 million km² of urban built-up area because urban land consumption is growing at a rate approximately 50% faster than that of population growth. The surge in urbanization is thus a key driver for the expansion of the machine control system market.
What Are The Main Segments Of The Global Machine Control System Market?
The machine control system market covered in this report is segmented –
1) By Equipment: Excavators, Loaders, Graders, Dozers, Scrapers, Paving Systems
2) By Controller Type: Computer Numerical Control (CNC), Programmable Logic Controller (PLC), Programmable Automation Controller (PAC), Personal Computer (PC), Motion Controllers, Other Controller Types
3) By Technology: Global Navigation Satellite System (GNSS), Laser Scanners, GIS (Geographic Information System) Collectors, Total Stations, Airborne Systems, Other Technologies
4) By Industry: Building And Construction, Agriculture, Mining, Transportation, Aerospace And Defense, Automotive, Marine, Waste Management, Utilities, Other Industries
Subsegments:
1) By Excavators: Hydraulic Excavators, Mini Excavators
2) By Loaders: Wheel Loaders, Skid Steer Loaders
3) By Graders: Motor Graders, Heavy-Duty Graders
4) By Dozers: Crawler Dozers, Wheel Dozers
5) By Scrapers: Motor Scrapers, Tracked Scrapers
6) By Paving Systems: Asphalt Pavers, Concrete Pavers
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What Emerging Trends Are Influencing The Growth Of The Machine Control System Market?
The uptick in technological innovation is a predominant trend gaining traction in the realm of the machine control system market. Key players in this market segment are putting efforts into incorporating groundbreaking technology like augmented reality (AR) into their machine control systems to facilitate automated functionalities and secure a competitive advantage. For example, ABB Ltd., a Switzerland-based multinational company offering electrification and automation technologies and solutions, launched its Ability NGX Hoist Control, a next-gen mine hoist control system in May 2022. Known for its dependability, flexibility, and safety protocols, this product is instigating a revolution in the machine control system market within the mining industry. Its premier features such as standardization, integration, and worldwide technical support, make it a key factor for increased efficiency, safety, and operational supremacy in mine hoisting systems.
Who Are the Key Players in the Machine Control System Market?
Major companies operating in the machine control system market include:
• Deere & Company
• Schneider Electric SE
• CNH Global NV
• SANY Group Co Ltd.
• Liebherr Group
• Doosan Infracore Co Ltd.
• Volvo Construction Equipment
• Omron Corporation
• Fayat Group
• Hexagon AB
• Eos Positioning Systems Inc.
• Trimble Inc.
• Sakai Heavy Industries Ltd.
• Topcon Corporation
• Leica Geosystems AG
• Shandong Lingong Construction Machinery Co Ltd.
• Rubble Master HMH GmbH
• MOBA Mobile Automation AG
• Challenger Geomatics Ltd.
• Hemisphere GNSS Inc.
• CMI Roadbuilding Inc.
• Carlson Software Inc.
• L5 Navigation Systems AB
• Microverse Automation Pvt Ltd.
• Joseph Cyril Bamford Excavators Ltd.
• Ammann Group Holding AG
• Sinoway Industrial Co Ltd.
• TEREX Corporation
• Tokyo Keiki Inc.
What Is The Most Dominant Region In The Machine Control System Market?
North America was the largest region in the machine control system market in 2024. The regions covered in the machine control system market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
