According to Global Construction Machinery, a recent study from The Freedonia Group, leading construction equipment manufacturers are pairing the latest generation of their machines with advanced software and sensors, designed to:
- boost productivity
- increase the ease of operation
- provide real-time information
- reduce maintenance costs
- simplify fleet supervision
In addition to transforming how the $21.3 billion global construction equipment sector operates, the incorporation of advanced software and sensors is the first step towards automated machines. Because of the potential of technological innovation to revolutionize the performance and efficiency of construction machinery, producers will continue to invest heavily in research and development (R&D).
Caterpillar, Doosan, and Komatsu are just three among the many companies that have already rolled out construction equipment featuring systems that combine state-of-the-art software and sensors. Check out their industry-leading systems below.
1. Caterpillar’s Product Link System
Caterpillar’s Product Link system – via its VisionLink interface – provides a wide range of real-time information to the operator, including customized health and utilization reports.
In addition to data collection, this sophisticated telematics fleet management system also interprets the information and presents it in an easy-to-understand format, and has other advanced features such as mapping capabilities.
2. Doosan’s DoosanCONNECT
The DoosanCONNECT system is designed to enhance job site management, increase equipment efficiency, facilitate proactive machinery servicing, and encourage preventative maintenance.
With this system, construction equipment is outfitted with terminal devices that collect a wide range of data (ranging from machine utilization to fuel efficiency). The information is then transmitted using either cellular or satellite communication; and the operators can view the data via Doosan’s software.
3. Komatsu’s Intelligent Machine Control (IMC) System
Komatsu’s Intelligent Machine Control (IMC) system – part of its SMARTCONSTRUCTION concept – is designed for dozers and excavators. The system utilizes advanced controls, sensors, and software in order to automate key functions.
For example, Komatsu’s IMC system-equipped dozers offer automated blade control, have multiple automated dozing modes, and feature sophisticated chassis-mounted enhanced inertial measuring units for enhanced control. Such features result in machines that are considerably more productive and efficient that conventional models.
Furthermore, these machines can connect to other elements of the SMARTCONSTRUCTION concept – such as drones and remote site management – through the IMC system.
Want to Learn More about Tech Innovation in the Global Construction Equipment Industry?
Technological innovation is a leading competitive factor in the global construction machinery industry, and companies that offer the most productive and efficient construction machinery – including automated models – are better positioned for future success. The fact that advanced software and sensors can be utilized across entire product offerings only adds to the importance of these and other similar technologies.
To learn more about innovation in this sector, check out The Freedonia Group’s recent study Global Construction Machinery, which offers a comprehensive view of the global market for construction equipment, including data analysis of historical demand trends and forecasts through 2023 by product and global region, as well as major national market. Furthermore, the study provides in-depth profiles of industry leaders, including market share by company and relevant merger and acquisition activity.
About the Author:
Gleb Mytko is an Industry Analyst at The Freedonia Group, where his work covers the global automotive, transportation, and machinery markets.