Global Boom Angle Indicator Market Size, Share, and COVID-19 Impact Analysis, By Type (Ball-Type and Bubble Type), By Application (Aviation and Civil Engineering), and By Region (North America, Europe, Asia Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2023 - 2033

Global Boom Angle Indicator Market Insights Forecasts to 2033 

• The Global Boom Angle Indicator Market Size was Valued at USD 210 Million in 2023
• The Market Size is Growing at a CAGR of 6.28% from 2023 to 2033
• The Worldwide Boom Angle Indicator Market Size is Expected to Reach USD 386 Million by 2033   
• Asia Pacific is Expected to Grow the fastest during the forecast period.

The Global Boom Angle Indicator Market Size is anticipated to exceed USD 386 Million by 2033, growing at a CAGR of 6.28% from 2023 to 2033. The boom angle indicator market will grow because of increased activities in construction, stringent regulations for safety, and technologies in machinery. The major markets are civil engineering, mining, and infrastructure, and there is a rise in North America and Asia-Pacific regions which are leading market expansion.

Market Overview

A boom angle indicator is a product designed to measure the angle between the boom and the platform in cranes, excavators, and other heavy equipment with the objective of safe working. This helps the driver keep an eye on his boom's position, minimizing overloading and the subsequent risks of accidents. Moreover, the boom angle indicator (BAI) market is increasing, mainly due to construction and infrastructure development, particularly in emerging economies. Increasing demand for cranes in the construction and mining sectors, high safety standards required in those industries, and technological progress such as digital indicators and integration with fleet management are leading to adoption. Growing requirements for fleet monitoring systems along with machine automation are also expected to boost the demand for sophisticated BAI systems along with safety, performance and efficiency. Furthermore, this boom angle indicator market carries vast opportunities in the adoption where growth is seen in many new industries like renewable sources as well as heavy equipment services. Trends reflect how AI and IoT are employed for predictive maintenance, better monitoring, and real-time data analytics to improve the efficiency of operations and safety in the construction and mining sectors.

Report Coverage

This research report categorizes the global boom angle indicator market based on various segments and regions forecasts revenue growth and analyzes trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the global boom angle indicator market. Recent market developments and competitive strategies such as expansion, product launch, and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key market players and analyses their core competencies in each sub-segment of the global boom angle indicator market.  

Driving Factors

Driving factors for the boom angle indicator market are an increase in demand for advanced construction machinery, particularly in emerging markets, and a requirement for higher precision and real-time monitoring systems. There is also an increased emphasis on safety issues within industries such as construction, mining, and oil & gas. Technological innovation through wireless integrations and automation also increases operational efficiency and safety, thus enhancing the use of boom angle indicator systems in most sectors.

Restraints & Challenges

Restrain and challenges in the boom angle indicator market includes high installation and maintenance cost, which may limit adoption in small-scale operations. Besides, the lack of awareness and training among operators, as well as compatibility issues with existing machinery, may be barriers to the full-scale implementation of such an advanced system.

Market Segmentation

The global boom angle indicator market share is classified into type and application.

• The ball-type segment is expected to hold the largest share of the global boom angle indicator market during the forecast period.                

Based on type, the global boom angle indicator market is categorized as ball type and bubble type. Among these, the ball-type segment is expected to hold the largest share of the global boom angle indicator market during the forecast period. This is because the ball-type indicator is highly accurate and durable, making it excellent for heavy machinery applications such as construction and mining. Many operators choose it because of its simple design, ease of use, and low cost.

• The civil engineering segment is expected to grow at the fastest CAGR during the forecast period.       

Based on the application, the global boom angle indicator market is categorized as aviation and civil engineering. Among these, the civil engineering segment is expected to grow at the fastest CAGR during the forecast period. The increase in the demand for cranes and heavy machinery in construction, infrastructure development, and mining drives this growth. Ensuring safety and efficiency is possible with the application of boom angle indicators in such applications as precise control over heavy equipment leads to a significant adoption within the civil engineering industry.

Regional Segment Analysis of the Global Boom Angle Indicator Market

• North America (U.S., Canada, Mexico) 
• Europe (Germany, France, U.K., Italy, Spain, Rest of Europe)
• Asia Pacific (China, Japan, India, Rest of APAC)
• South America (Brazil and the Rest of South America) 
• The Middle East and Africa (UAE, South Africa, Rest of MEA)

North America is projected to hold the largest share of the global boom angle indicator market over the forecast period.

North America is projected to hold the largest share of the global boom angle indicator market over the forecast period. This is due to the established construction and infrastructure industries of the region, higher adoption rates of advanced machinery, and rigorous safety regulations. Moreover, high investments in technological innovations, including automation and fleet management systems, further spur the demand for boom angle indicators, and this is the reason North America is a leading market. Furthermore, the North America region holds an edge in the boom angle indicator market due to factors like IoT and AI integration into technologies, stringent safety requirements, and large infrastructure development. A large number of market-leading companies and the increasing adoption of automation in construction and mining add to the rising requirement for these monitoring systems.

Asia Pacific is expected to grow at the fastest CAGR growth of the global boom angle indicator market during the forecast period. This growth is primarily driven by rapid urbanization, increased infrastructure projects, and a boom in construction activities, particularly in countries such as China and India. Also, the rising demand in the region for advanced construction machinery and safety concerns along with increased regulatory standards boost the adoption of boom angle indicators in construction, mining, and other industries.

Competitive Analysis:

The report offers the appropriate analysis of the key organizations/companies involved within the global boom angle indicator market along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.

List of Key Companies

• Caterpillar Inc.
• Liebherr Group
• Komatsu Ltd.
• Terex Corporation
• JLG Industries, Inc.
• Manitowoc Company, Inc.
• SANY Group
• Volvo Construction Equipment
• Hitachi Construction Machinery Co., Ltd.
• Doosan Infracore
• Palfinger AG
• Furukawa Rock Drill Co., Ltd.
• Others

Key Target Audience

• Market Players
• Investors
• End-users
• Government Authorities 
• Consulting And Research Firm
• Venture capitalists
• Value-Added Resellers (VARs)

Market Segment

This study forecasts revenue at global, regional, and country levels from 2020 to 2033. Spherical Insights has segmented the global boom angle indicator market based on the below-mentioned segments: 

Global Boom Angle Indicator Market, By Type

• Ball Type
• Bubble Type

Global Boom Angle Indicator Market, By Application

• Aviation
• Civil Engineering

Global Boom Angle Indicator Market, By Regional

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • UK
  • France
  • Italy
  • Spain
  • Russia
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Rest of Asia Pacific
• South America
  • Brazil
  • Argentina
  • Rest of South America
• Middle East & Africa
  • UAE
  • Saudi Arabia
  • Qatar
  • South Africa