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Impact of COVID-19 on the Machine Control System Market

The global machine control system market size is projected to grow from USD 4.5 billion in 2022 to USD 6.5 billion by 2027 at a CAGR of 7.7%

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Impact of COVID-19 on the Machine Control System Market

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  1. MarketsandMarkets Presents Machine Control System Market with COVID-19 Impact Analysis by Type (Total Stations, GNSS, Laser Scanners, Sensors), Equipment, Vertical (Infrastructure, Commercial, Residential, Industrial) and Geography - Global Forecast to 2027  The global machine control system market size is projected to grow from USD 4.5 billion in 2022 to USD 6.5 billion by 2027 at a CAGR of 7.7%

  2. MarketsandMarkets Presents Excavators are expected to hold the largest size of the machine control system market by 2027. Excavators usually have a control system mounted on them to enhance flexibility, accuracy, and efficiency at the construction site. Companies such as Trimble (US) and Hexagon (Switzerland) offer excavators installed with 2D and 3D control systems or grade control systems. Advanced 3D guidance systems equipped with GNSS technology guide operators with design information and real-time cut/fill indications are displayed on the control panel. Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=62579001 The infrastructure industry is projected to account for the largest size of the machine control system market in 2022. Machine control systems such as GNSS, total stations, laser scanners, and sensors are significantly used in infrastructure projects in major countries such as China, India, Japan, the US, the UK, and Germany. These countries have some of the aging infrastructures with respect to railways, bridges, and roads that are in dire need of repairs; additionally, some new projects have also been planned by governments for adding more advanced infrastructure. 

  3. MarketsandMarkets Presents The infrastructure industry is projected to account for the largest size of the machine control system market in 2022. Machine control systems such as GNSS, total stations, laser scanners, and sensors are significantly used in infrastructure projects in major countries such as China, India, Japan, the US, the UK, and Germany. These countries have some of the aging infrastructures with respect to railways, bridges, and roads that are in dire need of repairs; additionally, some new projects have also been planned by governments for adding more advanced infrastructure. Machine control equipment, such as excavators, graders, dozers, and paving systems, are used in large road and infrastructure construction. Therefore, the machine control system market for the infrastructure vertical is expected to account for the largest share of the market.

  4. MarketsandMarkets Presents Asia Pacific is projected to be the largest market for a machine control system from 2022 to 2027. The machine control system market in Asia Pacific is expected to contribute the largest share during the forecast period. The dominance of the market is attributed to the increasing infrastructure, commercial, and industrial projects in emerging countries such as China, Japan, India, and South Korea

  5. MarketsandMarkets Presents The key players operating in the machine control system market include Topcon (Japan), Trimble (US), Hexagon (Switzerland), MOBA Mobile Automation (Germany), Hemisphere GNSS (US), and Eos Positioning Systems (US), among others. know more @ https://www.marketsandmarkets.com/Market-Reports/machine-control-system-market-62579001.html

  6. MarketsandMarkets Presents About MarketsandMarkets™ MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

  7. MarketsandMarkets Presents MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets. Contact:Mr. AashishMehraMarketsandMarkets™ INC.630 Dundee RoadSuite 430Northbrook, IL 60062USA : 1-888-600-6441

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