Report : Asia Pacific Machine Control System Market Forecast to 2030 - Regional Analysis - by Type (Total stations, GNSS, Laser scanners, Airborne systems, GIS collectors, and Others), Equipment (Excavators, Graders, Loaders, Dozers, Scrappers, Paving system, and Others), Industry (Infrastructure, Commercial, Residential, and Industrial), View Type (2D and 3D), and Type of Delivery (Retrofit and OEM Build)
At 7.0% CAGR, Asia Pacific Machine Control System Market is Projected to be Worth US$ 2,174.29 Million by 2030, says Business Market Insights
According to Business Market Insights' research, the Asia Pacific machine control system market was valued at US$ 1,262.81 million in 2022 and is expected to reach US$ 2,174.29 million by 2030, registering a CAGR of 7.0% from 2022 to 2030. Increasing integration of Global Navigation Satellite System (GNSS) in machine control systems and increasing use of machine control systems in construction activities are among the critical factors attributed to drive the Asia Pacific machine control system market growth.
The high adoption of GNSS for such as dozers, scrapers, graders, excavators, and airborne systems is expected to create opportunities for the Asia Pacific machine control system market growth during the forecast period. The use of GNSS for a variety of applications, including agriculture, ground mapping, mining, defense, and unmanned aerial vehicles (UAVs), is contributing to the demand for machine control systems. GNNS provides high accuracy and efficiency for the precise positioning of heavy machinery, which promises improved productivity. Market players are focusing on technological advancements. For instance, in March 2024, Topcon Positioning Systems announced the availability of a novel global navigation satellite system (GNSS) option for its MC-Mobile compact machine control solution. This GNSS option allows contractors to effortlessly integrate their compact machines into fleets already powered by GNSS technology. In December 2021, Trimble launched the Trimble R750 GNSS Modular Receiver, a connected base station for geospatial civil construction and agricultural applications. The R750 provides improved base station performance, delivering surveyors, contractors, and farmers more reliable and accurate positioning in the field. Therefore, the increasing focus of market players on the integration of GNSS in machine control systems is anticipated to generate lucrative growth opportunities for the Asia Pacific machine control system market during the forecast period.
On the contrary, the high initial cost and complexity of use of machine control systems hampers the growth of Asia Pacific machine control system market.
Based on type, the Asia Pacific machine control system market is segmented into total stations, GNSS, laser scanners, airborne systems, GIS collectors, and others. The GNSS segment held 41.7% market share in 2022, amassing US$ 526.67 million. It is projected to garner US$ 958.13 million by 2030 to register 7.8% CAGR during 2022-2030.
In terms of equipment, the Asia Pacific machine control system market is categorized into excavators, graders, loaders, dozers, scrappers, paving system, and others. The excavators segment held 53.2% share of Asia Pacific machine control system market in 2022, amassing US$ 671.87 million. It is anticipated to garner US$ 1,191.85 million by 2030 to expand at 7.4% CAGR during 2022-2030.
By industry, the Asia Pacific machine control system market is segmented into infrastructure, commercial, residential, and industrial. The infrastructure segment held 38.7% share of Asia Pacific machine control system market in 2022, amassing US$ 488.26 million. It is projected to garner US$ 846.81 million by 2030 to expand at 7.1% CAGR from 2022 to 2030.
In terms of view type, the Asia Pacific machine control system market is bifurcated into 2D and 3D. The 2D segment held 70.9% share of Asia Pacific machine control system market in 2022, amassing US$ 894.70 million. It is projected to garner US$ 1,504.91 million by 2030 to expand at 6.7% CAGR from 2022 to 2030.
By type of delivery, the Asia Pacific machine control system market is bifurcated retrofit and OEM build. The OEM build segment held 67.0% share of Asia Pacific machine control system market in 2022, amassing US$ 846.44 million. It is projected to garner US$ 1,489.08 million by 2030 to expand at 7.3% CAGR from 2022 to 2030.
By country, the Asia Pacific machine control system market is segmented into Australia, Japan, Indonesia, Singapore, Malaysia, Thailand, the Philippines, New Zealand, and the Rest of Asia Pacific. Our regional analysis states that the Rest of Asia Pacific captured 63.2% share of Asia Pacific machine control system market in 2022. It was assessed at US$ 797.81 million in 2022 and is likely to hit US$ 1,473.08 million by 2030, registering a CAGR of 8.0% during 2022-2030.
Key players operating in the Asia Pacific machine control system market are Andritz AG, Hemisphere GNSS Inc, Komatsu Ltd, Leica Geosystems AG, OBA MOBILE AUTOMATION AG, Schneider Electric SE, Topcon Corp, Trimble Inc, and Vedant Engineering Services Pvt Ltd, among others.
2023: Komatsu introduced 3D machine guidance and payload functionalities for crawlers and wheeled excavators. Smart Construction 3D Machine Guidance kit provides customers with a simple and accessible 3D GNSS system and dynamic payload metering.
Contact Us
Contact Person: Sameer Joshi
Phone: +1-646-491-9876
Email Id: sales@businessmarketinsights.com