Global Excavators Machine Control System
Market Report
2024
Excavators Machine Control System market size was $1,536.31 Million in 2024 and it is forecasted to reach $2,583.73 Million by 2030. Excavators Machine Control System Industry's Compound Annual Growth Rate will be 9.36% from 2024 and 2031
The base year for the calculation is 2023 and 2019 to 2023 will be historical period. The year 2024 will be estimated one while the forecasted data will be from year 2025 to 2031. When we deliver the report that time we updated report data till the purchase date.
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As per Cognitive Market Research's latest published report, the Global Excavators Machine Control System market size was $1,536.31 Million in 2024 and it is forecasted to reach $2,583.73 Million by 2030. Excavators Machine Control System Industry's Compound Annual Growth Rate will be 9.36% from 2024 and 2031
Base Year | 2023 |
Historical Data Time Period | 2019-2023 |
Forecast Period | 2024-2031 |
Global Excavators Machine Control System Market Sales Revenue 2024 | $ 1536.31 Million |
Global Excavators Machine Control System Market Sales Revenue 2030 | $ 2583.73 Million |
Global Excavators Machine Control System Market Compound Annual Growth Rate (CAGR) for 2024 to 2031 | 9.36% |
North America Excavators Machine Control System Market Sales Revenue 2024 | $ 606.24 Million |
North America Excavators Machine Control System Sales Revenue 2030 | $ 982.5 Million |
Europe Excavators Machine Control System Market Sales Revenue 2024 | $ 467.58 Million |
Europe Excavators Machine Control System Sales Revenue 2030 | $ 787.37 Million |
Asia Pacific Excavators Machine Control System Market Sales Revenue 2024 | $ 336.06 Million |
Asia Pacific Excavators Machine Control System Sales Revenue 2030 | $ 595.89 Million |
South America Excavators Machine Control System Market Sales Revenue 2024 | $ 80.81 Million |
South America Excavators Machine Control System Sales Revenue 2030 | $ 138.1 Million |
Middle East and Africa Excavators Machine Control System Market Sales Revenue 2024 | $ 45.63 Million |
Middle East and Africa Excavators Machine Control System Sales Revenue 2030 | $ 79.86 Million |
Market Split by Type |
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Market Split by By Vertical |
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List of Competitors |
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Regional Analysis |
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Country Analysis |
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Key Qualitative Information Covered |
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The reasons for driving the global Excavators Machine Control System are the elimination of the necessity for bulk earthworks set out and survey pegging with the use of these systems, as well as the increased demand for faster work and more efficiency during tight timelines. The growing demand for the speedy removal of soil and other materials from various sectors such as construction, mining, transportation, and waste management has boosted the Global Excavators Machine Control System Market. Furthermore, advancements in this machinery to increase productivity and worker safety have produced a substantial demand for the market internationally.
These developments empower businesses to offer better-tailored solutions and services, which, in turn, contribute to the growth of the Excavators machine control system industry.
For instance, in March 2020, Leica Geosystems partnered with Zoomlion (China) to develop combined 2D and 3D machine control and guidance systems. The Zoomlion Badger 215G excavator will be combined with Leica Geosystems machine control solutions for excavator steering as a result of the collaboration.
(Source:leica-geosystems.com/en-in/about-us/news-room/news-overview/2020/03/2020_03_12-zoomlion-excavator)
A significant market driver for excavator machine control systems has been the need for accuracy and precision in control systems. Machine control systems improve job site quality by streamlining, automating, and integrating solutions, leading to fewer mistakes and more time on the task. Machine control systems increase operator knowledge of the digital environment while reducing the likelihood of errors. Intuitive 3D graphical interfaces with a custom-centered design that boost user confidence in their ability to complete tasks and improve operator performance.
A New Remote Access Solution was introduced by Rockwell Automation. OEMs can now troubleshoot equipment from any location and decrease customer downtime thanks to a new technology.
A wide range of remote access services for manufacturers, including 24/7 remote application monitoring and assistance to help customers proactively solve maintenance issues, are available from Rockwell Automation, including this new OEM-specific solution. The organization has improved its products and services in the market with this launch.
The market for excavator machine control systems has undergone a revolution because of safety issues with personnel and large construction equipment. The use of machine control systems in heavy construction machinery greatly improves worker safety on construction sites. The risk of mishaps and collisions between equipment and workers is one of the major safety issues in the heavy construction sector. By giving operators real-time feedback on the whereabouts of workers and potential obstructions, machine control systems allay this worry. These systems can warn operators of imminent collisions by integrating proximity sensors or cameras, lowering the chance of mishaps and injury. In addition, there's the potential for reduced visibility for operators due to blind spots in big construction machinery.
By acquiring US Digital Designs, Inc., Honeywell will be able to improve public safety communications.
The acquisition has a purchase multiple of 14X EBITDA; by the fifth year that US Digital Designs is part of Honeywell, it is anticipated to generate a return on investment of over 25%. Combining products will improve first responder communications, do away with manual procedures, and speed up emergency response times.
The constraints of demand for large initial investments constrain the excavators machine control system market. Systems for controlling machines incorporate cutting-edge hardware and software. For precise location, guiding, and control of large construction equipment, certain technologies—such as GNSS receivers, sensors, controllers, and displays—are essential. Significant research and development (R&D) expenses are incurred throughout the creation, production, and integration of these cutting-edge technologies, adding to the overall investment. The processing of data, the provision of real-time feedback, and the facilitation of smooth communication between the operator and the machinery all require specialized software algorithms and user interfaces, which are needed for machine control systems. These software components require a significant investment in terms of software development, testing, and customization in order to design and implement.
The pandemic of COVID-19 has had a significant influence on the marketing and industrial sectors. The manufacturing and operating units were closed due to the strict lockdown restrictions, which had a substantial impact on the production process. Because of restrictions, both the delivery of raw materials and the transfer of finished goods were halted. The top market companies, on the other hand, are focusing on the potential for growth, such as automation technologies, which will provide significant opportunities for the machine control system market in the next years—important marketing techniques to monitor in order to strengthen the existing marketing elements.
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The market for excavator’s machine control system has a very active and diverse competitive environment. It comprises various service providers, from significant multinational corporations to smaller specialized organizations. Due to globalization and technological development, there is fierce competition among businesses to provide cutting-edge solutions and interpreting.
April 2020: In order to increase accuracy and productivity in asphalt paving applications, Trimble introduced the Trimble Roadworks 2D Paving Control Platform for asphalt pavers. With the aid of Trimble Roadworks, paving contractors may reduce the amount of costly asphalt material that is wasted, get the best rideability, and complete their projects on schedule and within their allocated budgets.
March 2020: Topcon Positioning Group has announced improvements to its selection of machine control systems, which are intended to boost productivity and profitability for contractors working on earthmoving projects. For the Automatic Excavator system, the new solutions provide tilt rotator capabilities, as well as mobile and bring-your-own-device (BYOD) display possibilities.
Top Companies Market Share in Excavators Machine Control System Industry: (In no particular order of Rank)
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According to Cognitive Market Research, North America dominated the market in 2023 and accounted for a share of more than 35% of the global revenue due to several variables. The North American region dominates the market for excavator machine control systems. This is due to the developed building sector and improved farming practices in this area. Additionally, the need for these systems has grown in Canada due to the expansion of the highway construction industry. It is anticipated that the rising need for automation and process instrumentation in construction projects will drive the demand in this region.
The Asia Pacific region's strong economy and significant presence of multinational firms create a considerable demand for excavator machine control systems, which promotes global trade and business growth. Additionally, the construction of infrastructure is the cornerstone of any region's economic expansion. Because of this, construction and land development operations are carried out all over the world. This gives businesses in the machine control supply sector in every region an equal chance. Additionally, more money is being spent by the government on creating public infrastructure.
The current report Scope analyzes Excavators Machine Control System Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com
The above graph is for illustrative purposes only. To learn more about geographical trends request the free sample pages. Contact US!
North America Excavators Machine Control System market size is $606.24 Million in 2024 and it is forecasted to reach $982.50 Million by 2030.
North America accounts for a significant share of 39.70% of the market in 2023, due to rising technological investment on excavator control systems. The presence of major manufacturer focuses on R&D investment on excavator control system. In February, 2023, the Komatsu America Corporation focuses on R&D investment on the PC 360 LCi11 intelligent excavator control system, which delivers precision and real-time positioning system. The investment in intelligent excavator technologies, improves the efficacy of the workers at construction sites.
Europe Excavators Machine Control System market size is $467.58 Million in 2024 and it is forecasted to reach $787.37 Million by 2030.
Europe accounts for a share of 30.43% of the market in 2023, and growing at a CAGR of 9.38% during the forecast period, due to rising fatal accidents at construction sites, caused due to earthmoving activities. According to the European Union around 22.5% of fatal accidents occurred at construction sites, in 2021. The fatal accidents at construction site occurs due to labor or workers lift heavy objects, and work with heavy machine such as excavators. The rising fatal accidents at construction sites, boosts the demand for automated excavator control system. The partnership with manufacturer focuses on launch of advanced excavator control system at construction site in Europe. The Kobelco Construction Machinery Europe B.V. partnered along with the Trimble Inc. offers Earthwork grade control platform for the SK210LC-10 excavator in Europe. This partnership introduces advanced excavator grade control platform, which increased on-site productivity and operational capability of excavator.
Asia Pacific Excavators Machine Control System market size is $336.06 Million in 2024 and it is forecasted to reach $595.89 Million by 2030.
Asia Pacific accounts for a significant share of 21.68% of the market in 2023, due to rising growth of construction activities in the countries of Asia Pacific. The rising spending on large construction and infrastructure projects by the government of China is USD 1.8 Trillion year on year. International Trade Administration U.S. Department of Commerce published data in 2023, the rise in logistic related construction activities, boosts the economic growth in China. The china is one of the major countries in construction sector. The rising investment for construction activities by the manufacturer, boost the demand for excavator control system in China. The 14 th five-year plan period between 2021-2025 focuses on rising investment in new infrastructure, which will reach up to USD 4.2 Trillion between 2021-2025. The rising investment in construction activities, boosts the demand for excavator control systems in the market.
South America Excavators Machine Control System market size is $80.81 Million in 2024 and it is forecasted to reach $138.10 Million by 2030.
Latin America accounts for a share of 5.25% of the market in 2023, due to rising adoption of digital or advanced agricultural practices. The rising trend for precision agriculture in Latin America, boosts demand for automated excavator control monitoring solution for agricultural operation such as removing soil, earth excavation, and other. The presence of manufacturer in Brazil, conducted Agrishows in Brazil for showcasing its precision farming and digital construction production. The FJDynamics presented its products at agrishows for use in precision farming. The rising investment in agrishows in Brazil, boosts the demand for 3D excavator control system, as it assists in executing the operation of precision farming in agricultural sector. The adoption of 3D excavator control system in agriculture activities, ensures precision, and efficiency in agriculture. The rising number of agrishows, and emerging trend for precision farming, boosts the growth of excavator control system in this region.
Middle East and Africa Excavators Machine Control System market size is $45.63 Million in 2024 and it is forecasted to reach $79.86 Million by 2030.
Middle East & Africa accounts for a share of 2.95% of the market in 2023, due to rising demand for excavator control system in oil and gas extraction facilities and mining sector. Mining activities contributes significantly in the economic growth of Middle East. The Saudi Arabia focuses on investment of up to USD 15.0 Billion for securing access to mineral used in solar panel, electric cars and other industries. Saudi Arabia launched a mining fund which invested USD 15 Billion capital in overseas assets as the country focuses on reducing dependency on fossil fuels. The support by the government, funding and investment in mining activities, boosts demand for excavator. The adoption of excavator control system at mining sites assists huma operators form hazardous enviornment, eases the work, and increase operational efficiency during extraction at mining sites. (Source: International Trade Administration U.S. Department of Commerce, 2023)
Global Excavators Machine Control System Market Report 2024 Edition talks about crucial market insights with the help of segments and sub-segments analysis. In this section, we reveal an in-depth analysis of the key factors influencing Excavators Machine Control System Industry growth. Excavators Machine Control System market has been segmented with the help of its Type, Application By Equipment, and others. Excavators Machine Control System market analysis helps to understand key industry segments, and their global, regional, and country-level insights. Furthermore, this analysis also provides information pertaining to segments that are going to be most lucrative in the near future and their expected growth rate and future market opportunities. The report also provides detailed insights into factors responsible for the positive or negative growth of each industry segment.
According to Cognitive Market Research, GNSS is the item that is utilized the most frequently in the market for excavator’s machine control system. The use of GNSS equipment, including scrapers, dozers, graders, excavators, and aerial devices, is responsible for this high proportion. Another reason boosting demand for these systems is the use of GNSS for a range of applications, including ground mapping, agriculture, mining, unmanned aerial vehicles (UAV), defense, and others. Additionally, GNNS offers excellent accuracy and efficiency for the proper deployment of large machines, which promises increased output.
Total stations are the second-most used product. While GNSS rules the market, total stations are still necessary for some excavator machine control systems. The simplicity of deployment and broad flexibility for product change of these systems are credited with this expansion. For instance, Leica Geosystems AG has developed robotic technology for total stations that can guide equipment through deep forest cover and hazy circumstances. As a result, it is anticipated that the market for total stations will rise because of the reduced complexity and low installation time and cost.
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The construction is the excavators machine control system market's most popular offering. This is explained by the growing urbanization and numerous ongoing infrastructure initiatives carried out by developing nations. The adoption of machine control systems in the construction industry is a result of the large number of workers on building sites and the growing requirement for safety precautions. The demand for machine control systems in the construction of office buildings, homes, and retail spaces has also increased due to the growing desire for sustainable architecture.
According to Cognitive Market Research, agriculture is the second-most popular product because of the enormous demand for food caused by the growing population. Faster output and better crop quality are the major factors driving this sector's growth. Furthermore, the implementation of machine control systems in this industry is a result of improvements in agricultural practices, such as precision farming. In addition, businesses are looking to enter new verticals, which has led to an increase in the use of these systems in a variety of sectors, including waste management, mining, and the maritime and forestry industries.
The above Graph is for representation purposes only. This chart does not depict actual Market share. Please purchase the Excavators Machine Control System market report 2024 Edition by contacting our team.
Research associate at Cognitive Market Research
Swasti Dharmadhikari, an agile and achievement-focused market researcher with an innate ardor for deciphering the intricacies of the Service & Software sector. Backed by a profound insight into technology trends and consumer dynamics, she has committed herself to meticulously navigating the ever-evolving terrain of digital Services and software solutions.
As a research analyst, Swasti brings a unique blend of analytical prowess and strategic thinking to the table. With an expertise in market research analysis, She is adept at dissecting complex problems, extracting meaningful insights, and translating them into actionable recommendations. Her passion lies in leveraging data-driven approaches to guide decision-making and drive organizational success.
I played a central role in market research endeavors and competitive analysis. I have a demonstrated ability to leverage diverse data sources, employing advanced analytics tools to discern patterns and trends. My collaborative approach facilitated effective communication of insights, fostering a culture of data-driven decision-making within the organization. I am committed to continuous professional development, actively seeking opportunities for skill enhancement through workshops, industry conferences, and staying abreast of emerging trends in research methodologies.
Our study will explain complete manufacturing process along with major raw materials required to manufacture end-product. This report helps to make effective decisions determining product position and will assist you to understand opportunities and threats around the globe.
The Global Excavators Machine Control System Market is witnessing significant growth in the near future.
In 2023, the Total Stations segment accounted for noticeable share of global Excavators Machine Control System Market and is projected to experience significant growth in the near future.
The Construction segment is expected to expand at the significant CAGR retaining position throughout the forecast period.
Some of the key companies Trimble , Topcon Corporation and others are focusing on its strategy building model to strengthen its product portfolio and expand its business in the global market.
Disclaimer:
Type | Total Stations, GNSS, Laser Scanners, Airborne Systems, GIS Collectors |
Application | Construction, Transportation, Agriculture, Mining, Oil & Gas, Marine, Others |
By Equipment | Excavators, Loaders, Graders, Dozers, Scrapers, Paving Systems |
By Vertical | Infrastructure, Commmercial, Residential, Industrial |
List of Competitors | Trimble, Leica Geosystems, Topcon Corporation, Caterpillar, MOBA Mobile Automation, Prolec, Schneider Electric SE, Belden, Hemisphere GNSS, Mitsui Co., Andritz, Rockwell Automation, Honeywell Corporation, ABB Group, Topcon Corporation |
This chapter will help you gain GLOBAL Market Analysis of Excavators Machine Control System. Further deep in this chapter, you will be able to review Global Excavators Machine Control System Market Split by various segments and Geographical Split.
Chapter 1 Global Market Analysis
Global Market has been segmented on the basis 5 major regions such as North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America.
You can purchase only the Executive Summary of Global Market (2019 vs 2024 vs 2031)
Global Market Dynamics, Trends, Drivers, Restraints, Opportunities, Only Pointers will be deliverable
Chapter 2 North America Market Analysis
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Qualitative Analysis for the North America Market: North America Excavators Machine Control System Market Trends North America Excavators Machine Control System Technological Road Map North America Excavators Machine Control System Market Drivers North America Excavators Machine Control System Market Restraints North America Excavators Machine Control System Market Opportunity Market Attractiveness Analysis COVID – 19 Impact Analysis PESTEL Analysis Porter’s Five Forces Analysis Product Life Cycle Industrial Chain Analysis
You can purchase only the Executive Summary North America Market (2019 vs 2024 vs 2031)
Chapter 3 Europe Market Analysis
You can purchase only the Executive Summary Europe Market (2019 vs 2024 vs 2031)
Chapter 4 Asia-Pacific Market Analysis
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Chapter 5 South America Market Analysis
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Chapter 6 Middle East and Africa Market Analysis
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Only Available with Corporate User License
Chapter 7 Top 10 Countries Analysis
Competitor's Market Share and Revenue (Subject to Data Availability for Private Players)
Chapter 8 Competitor Analysis (Subject to Data Availability (Private Players))
(Subject to Data Availability (Private Players))
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Chapter 9 Qualitative Analysis (Subject to Data Availability)
Segmentation Type Analysis 2019 -2031, will provide market size split by Type. This Information is provided at Global Level, Regional Level and Top Countries Level The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 10 Market Split by Type Analysis 2019 -2031
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Chapter 11 Market Split by Application Analysis 2019 -2031
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Chapter 12 Market Split by By Equipment Analysis 2019 -2031
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Chapter 13 Market Split by By Vertical Analysis 2019 -2031
This chapter helps you understand the Key Takeaways and Analyst Point of View of the global Excavators Machine Control System market
Chapter 14 Research Findings
Here the analyst will summarize the content of entire report and will share his view point on the current industry scenario and how the market is expected to perform in the near future. The points shared by the analyst are based on his/her detailed in-depth understanding of the market during the course of this report study. You will be provided exclusive rights to interact with the concerned analyst for unlimited time pre purchase as well as post purchase of the report.
Why Total Stations have a significant impact on Excavators Machine Control System market? |
What are the key factors affecting the Total Stations and GNSS of Excavators Machine Control System Market? |
What is the CAGR/Growth Rate of Construction during the forecast period? |
By type, which segment accounted for largest share of the global Excavators Machine Control System Market? |
Which region is expected to dominate the global Excavators Machine Control System Market within the forecast period? |
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Additional Qualitative Data |
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