At 6.8% CAGR, Europe Machine Control System Market is Projected to be worth US$ 2,810.44 million by 2030, says Business Market Insights

According to Business Market Insights' research, the Europe machine control system market was valued at US$ 1,658.83 million in 2022 and is expected to reach US$ 2,810.44 million by 2030, registering a CAGR of 6.8% from 2022 to 2030. Increasing adoption of 3D modeling and scanning in various industries and increasing integration of global navigation satellite system (GNSS) in machine control systems are among the critical factors attributed to drive the Europe machine control system market growth.

Key market participants are emphasizing on the development of 3D machine control systems. For instance, in March 2023, Leica Geosystems announced the launch of 3D machine control compatibility options for Caterpillar NGH excavators. The enhanced interoperability of the 3D machine control will provide customers with simpler installation of the Leica MC1 3D machine control solution as an aftermarket system on existing Caterpillar's standard NGH. For the new machine control system, customers can inquire about minimum compatibility requirements for 3D machine control solutions for Caterpillar Next Gen 2D excavators at their local Caterpillar dealer. Further, the company announced that authorized Leica Geosystems distributors would handle the support and sale of the Leica MC1 3D machine control system. The digital transformation in the construction industry continues apace, with construction sites becoming increasingly networked and digital. Driver assistance systems such as machine control systems from Leica Geosystems are gaining importance. For instance, the machine control system from Leica Geosystems' is already available in different versions for Liebherr crawlers and mobile excavators. They include the 3D passive and 2D passive machine control systems for Generation 6 and 8, as well as the 2D "3D-ready" semi-automatic and the 3D semi-automatic for Generation 6 products. Thus, such initiatives and offerings by market players are anticipated to shape the new technology adoption in the Europe machine control system market during the forecast period.

On the contrary, high initial cost and complexity of use of machine control systems hampers the growth of Europe machine control system market.

Based on type, the Europe machine control system market is segmented into total stations, GNSS, laser scanners, airborne systems, GIS collectors, and others. The GNSS segment held 40.9% market share in 2022, amassing US$ 678.32 million. It is projected to garner US$ 1,193.09 million by 2030 to register 7.3% CAGR during 2022-2030.

In terms of equipment, the Europe machine control system market is categorized into excavators, graders, loaders, dozers, scrappers, paving system, and others. The excavators segment held 53.5% share of Europe machine control system market in 2022, amassing US$ 886.66 million. It is anticipated to garner US$ 1,544.22 million by 2030 to expand at 7.2% CAGR during 2022-2030.

By industry, the Europe machine control system market is segmented into infrastructure, commercial, residential, and industrial. The infrastructure segment held 39.3% share of Europe machine control system market in 2022, amassing US$ 652.05 million. It is projected to garner US$ 1,100.60 million by 2030 to expand at 6.8% CAGR from 2022 to 2030.

In terms of view type, the Europe machine control system market is bifurcated into 2D and 3D. The 2D segment held 67.7% share of Europe machine control system market in 2022, amassing US$ 1,122.61 million. It is projected to garner US$ 1,861.53 million by 2030 to expand at 6.5% CAGR from 2022 to 2030.

By type of delivery, the Europe machine control system market is bifurcated retrofit and OEM build. The OEM build segment held 70.4% share of Europe machine control system market in 2022, amassing US$ 1,167.86 million. It is projected to garner US$ 2,021.10 million by 2030 to expand at 7.1% CAGR from 2022 to 2030.

By country, the Europe machine control system market is segmented into Germany, the UK, France, Italy, Russia, and the Rest of Europe. Our regional analysis states that Germany captured 30.1% share of Europe machine control system market in 2022. It was assessed at US$ 499.48 million in 2022 and is likely to hit US$ 841.67 million by 2030, registering a CAGR of 6.7% during 2022-2030.

Key players operating in the Europe machine control system market are Andritz AG, Hemisphere GNSS Inc, Komatsu Ltd, Leica Geosystems AG, OBA MOBILE AUTOMATION AG, Schneider Electric SE, Topcon Corp, and Trimble Inc, 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.



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