Machine Control System Market - By Type, Equipment & Industry - Global Forecast to 2022 - Research and Markets

22 December 2016

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 grow at a CAGR of 13.9% between 2016 and 2022 to reach USD 8.16 billion by 2022.

The factors that are driving the growth of the market include the rising demand for precision, the enhanced productivity and optimized operations in the construction, transportation, and agriculture industries, and the increasing need to eliminate the bulky earthworks by a pegless construction site.

These systems offer increased efficiency and accuracy and are used in applications such as job management, data management, and theft detection. However, high initial investments and dependence of advanced machine control systems on receiving satellite signals are the major factors restraining the growth of this market.

APAC is expected to be the fastest growing market for machine control systems during the forecast period. The construction industry and the transportation infrastructure are developing in this region. The rising industrialization and urbanization as well as the increasing construction and transportation activities are propelling the growth of the market in this region. Developing economies such as China and India are undertaking massive infrastructure projects and investing heavily in transportation projects. The market in APAC has been subsegmented into China, Japan, India, and Rest of APAC.

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/78bgfh/machine_control

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Source: businesswire.com