Machine Control System Market to Reach $8 Billion by 2022 - Growing Demand For Optimized Operations in Construction, Transportation & Agriculture Industries - Research and Markets

DUBLIN, Dec 21, 2016 /PRNewswire/ --

Research and Markets has announced the addition of the "Machine Control System Market - Global Forecast to 2022" report to their offering.

The machine control system market is expected to be valued at USD 8.16 Billion by 2022, growing at a CAGR of 13.9% between 2016 and 2022. The growth of this market is propelled by the rising demand for precision and the enhanced productivity and optimized operations in the construction, transportation, and agriculture industries.

Total stations are expected to hold the largest share of the machine control system market in 2022. A total station is a comprehensive solution for grading; it provides the 3D visualization of the grading sites with the help of hydraulics mounted with GNSS or GPS systems. The handling of total stations is easier than that of other devices such as GNSSs and laser scanners, in terms of flexibility. Total stations can simultaneously do the job of graders, laser scanners, and scrapers. Due to these factors, the adoption of total stations is expected to increase during the forecast period.

Excavators accounted for the largest share of the machine control system market in 2015. Excavators are used in almost all construction operations as well in mining and transportation operations. Besides excavation, excavators can perform the task of loaders and dozers by loading dirt/materials on other hauling trucks. Graders ensure the level or elevation of the jobsite by fine grading using machine control systems. Owing to the precision and flexibility offered by graders in machine control systems, this market is expected to grow at the highest rate between 2016 and 2022.

North America led the global machine control system market in 2015. Factors such as extensive construction projects, including commercial and noncommercial buildings and highways; advancements in the agriculture sector; and emerging economies such as Mexico are driving the growth of the machine control system market in North America.

Companies Mentioned:

• Andritz Automation
• Belden Inc.
• Leica Geosystems AG
• MOBA Mobile Automation AG
• Maximatecc.
• Prolec Ltd.
• RIB Software AG
• Schneider Electric Se
• Topcon Corporation
• Trimble Inc.

Key Topics Covered:

1 Introduction

2 Research Methodology

3 Executive Summary

4 Premium Insights

5 Market Overview 

6 Industry Trends

7 Market, By Type

8 Market, By Equipment

9 Market, By Industry

10 Geographic Analysis

11 Competitive Landscape

12 Company Profiles

For more information about this report visit http://www.researchandmarkets.com/research/n7t8k5/machine_control

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SOURCE Research and Markets