At 3.3% CAGR, South & Central America Machine Control System Market is Projected to be Worth US$ 341.81 Million by 2030, says Business Market Insights

According to Business Market Insights' research, the South & Central America machine control system market was valued at US$ 263.48 million in 2022 and is expected to reach US$ 341.81 million by 2030, registering a CAGR of 3.3% from 2022 to 2030. Rising utilization of machine control systems to streamline earthwork operations and growing technological advancement are among the critical factors attributed to drive the South & Central America machine control system market growth.

A machine control system integrates computers, sensors, and communication networks to enable automated machine operation. Machine control systems are an incredible development for the construction sector. The machine control system assists the machine operator in achieving the target plane easily and quickly in earthwork operations. The machine control system calculates the position of the instrument on a piece of machinery-like the blade of a bulldozer or the bucket of an excavator-via a display and lets the machine operator identify the exact operation plane. Numerous advancements are being made in the automation industry. This is where the machine control system essentially takes over the hydraulics of the machine to automate that performance. This is predominantly helpful when working in a 3D world and trying to build complex grades and site profiles. For instance, with the Leica Geosystems machine control system, earthmoving equipment operators can finish jobs in 25-75% less time. Results vary based on the job site, machine type, and type of materials operating. Machine control systems are becoming the standard on an extensive range of earthmoving equipment, including dozers, graders, excavators, loaders, scrapers, and rollers. Thus, the demand for machine control systems for earthwork operations is growing rapidly.

On the contrary, high initial cost and complexity of use of machine control systems hampers the growth of South & Central America machine control system market.

Based on type, the South & Central America machine control system market is segmented into total stations, GNSS, laser scanners, airborne systems, GIS collectors, and others. The GNSS segment held 41.0% market share in 2022, amassing US$ 108.08 million. It is projected to garner US$ 145.01 million by 2030 to register 3.7% CAGR during 2022-2030.

In terms of equipment, the South & Central America machine control system market is categorized into excavators, graders, loaders, dozers, scrappers, paving system, and others. The excavators segment held 56.1% share of South & Central America machine control system market in 2022, amassing US$ 147.82 million. It is anticipated to garner US$ 197.00 million by 2030 to expand at 3.7% CAGR during 2022-2030.

By industry, the South & Central America machine control system market is segmented into infrastructure, commercial, residential, and industrial. The infrastructure segment held 43.6% share of South & Central America machine control system market in 2022, amassing US$ 114.90 million. It is projected to garner US$ 144.31 million by 2030 to expand at 2.9% CAGR from 2022 to 2030.

In terms of view type, the South & Central America machine control system market is bifurcated into 2D and 3D. The 2D segment held 76.9% share of South & Central America machine control system market in 2022, amassing US$ 202.57 million. It is projected to garner US$ 259.05 million by 2030 to expand at 3.1% CAGR from 2022 to 2030.

By type of delivery, the South & Central America machine control system market is bifurcated retrofit and OEM build. The OEM build segment held 66.2% share of South & Central America machine control system market in 2022, amassing US$ 174.47 million. It is projected to garner US$ 231.80 million by 2030 to expand at 3.6% CAGR from 2022 to 2030.

By country, the South & Central America machine control system market is segmented into Brazil, Argentina, and the Rest of South & Central America. Our regional analysis states that Brazil captured 79.0% share of South & Central America machine control system market in 2022. It was assessed at US$ 208.10 million in 2022 and is likely to hit US$ 273.79 million by 2030, registering a CAGR of 3.5% during 2022-2030.

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

2021: Liebherr and Leica Geosystems expanded the range of semi-automatic machine control systems for crawler excavators. Leica Geosystems' semi-automatic machine control system is now available for Generation 8 crawler excavator models.



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