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The machine control system market is projected to grow from USD 4.5 billion in 2019 to USD 6.6 billion by 2024; it is expected to grow at a CAGR of 8.16% during the forecast period.

Major factors driving the market growth are elimination of need for bulk earthworks set out and survey pegging using machine control systems, need for faster work and more efficiency during tighter timelines, and safety concerns related to workers and heavy construction machinery. Further, underlying opportunities for the machine control system market include growing demand for machine guided technologies in developing countries in APAC.

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The market for machine control systems deployed in paving systems is expected to grow at highest CAGR during forecast period

Paving systems are used in highways, airports, tunnels, concrete safety barriers, curbs and gutters, and rail track beds, which can be constructed quickly, with high precision, and at a lower cost. To save time and effort, contractors use paving systems that comprise sonic sensors, slope sensors, contact sensors, 3D slopes, and 3D elevation control. The machine control system market for paving systems in North America is expected to grow at the highest CAGR during forecast period.

GNSS based machine control system market is expected to record largest market and grow at highest CAGR during the forecast period

The market for GNSS machine control solutions is expected to witness highest CAGR as well as largest market share during the forecast period. GNSS is used in ground mapping, transportation, machine control, precision agriculture, timing, construction, mining, unmanned vehicles, surveying, and defense. GNSS are installed in equipment such as bulldozers, excavators, graders, pavers, and other farm machinery to increase productivity and provide situational awareness to the field operators. They help increase the efficiency and accuracy of machines and are used in task management, data management, and theft detection applications.

APAC is expected to account for largest market size during forecast period

APAC is expected to be the largest machine control system market during the forecast period. This market is further divided into China, Japan, and the Rest of APAC. Rest of APAC primarily includes India, Australia, Taiwan, Singapore, Thailand, Malaysia, Indonesia, Vietnam, and the Philippines. China is the largest market among all APAC countries. Advancements in agricultural practices involving precision farming have accelerated growth of the agriculture industry. The Australian government is enhancing transport systems, and use of machine-guided solutions in the transportation industry is expected to grow. Even the Chinese government support the development of infrastructural projects, such as East China and the Qinghai–Tibet railway and the Tibetan Expressway, which is a major factor that propels the growth of the machine control system market.

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Key Market Players
Topcon (Japan), Trimble (US), Hexagon (Sweden), MOBA Mobile Automation (Germany), Hemisphere GNSS (US) and Eos Positioning Systems (US) are a few major players in the machine control system market.

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