Frequently Asked Questions
The global machine control system market was valued at USD 4.7 Billion in 2022.
The machine control system market is expected to grow at a CAGR of 7.90% between 2023 and 2030, reaching USD 8.00 Billion in 2030.
Global Navigation Satellite Systems (GNSS) is the leading segment by type, holding over 37.5% share in value in 2022.
The Excavators segment governs the demand for machine control systems worldwide, holding a massive share of over 59.2% in 2022.
The infrastructure segment is expected to post the highest CAGR during the forecast period.
North America is fueling the growth of the machine control system industry, with over 42.2% share in 2022.
The top players include ABB, Topcon Corporation, EOS Positioning Systems Inc (EOS), Kobelco Construction Machinery CO., Ltd, Trimble Inc, Hemisphere GNSS, Moba Mobile Automation AG, and Leica Geosystems.
The major market drivers are the numerous infrastructure projects, growing worker safety concerns, and a need for high-quality, long-lasting infrastructure.
The massive body of machine control systems tends to make it challenging to work at maximum efficiency, and they might seriously cause accidents and health problems. For the market for machine control systems worldwide, these considerations could provide a significant obstacle are the major market restraints.
The growing automation in the manufacturing sectors of emerging nations is a major opportunity in the machine control system industry.