Construction Equipment & Heavy Machinery · Indirect
Monitoring · monthlyProcurement Category Intelligence
GPS Machine Control Systems - Construction
Overview
Market size
$6.0B
global, USD
CAGR
4.7%
base to forecast
Buyer power
-2.0
supplier-favoured
Suppliers
5
tracked players
Signals
12
6 high severity
Market outlook
2031$7.5B
What changed
Demand by region
North America demand40%
Europe demand25%
Asia Pacific demand20%
Latin America demand8%
Rest of world demand7%
share of global demandtotal 100%
Cost drivers
Semiconductors and microprocessors35%
Sensors and specialized raw metals20%
Software and Agentic AIoT engineering25%
Logistics and distribution overhead12%
Assembly and quality control labor8%
share of delivered cost (analyst estimate)