Global Artificial Intelligence (AI) in Construction Market Growth, Share, Size, Trends and Forecast (2024 - 2030)

By Technology;

Machine Learning & Deep Learning and Natural Language Processing (NLP).

By Stage;

Pre-Construction, Construction Stage, and Post-Construction.

By Component;

Solutions - Design & Planning, Revenue Estimation, Virtual Assistant, Demand Forecasting & Predictive Maintenance, Services - Integration & Deployment, Training & Consulting, and Support & Maintenance.

By Application;

Project Management, Field Management, Risk Management, Schedule Management, Supply Chain Management, and Others.

By Deployment Type;

Cloud and On-Premises.

By Industry Type;

Small & Medium-Sized Enterprises (SMEs) and Large Enterprises.

By Organization Size;

Residential, Institutional Commercials, Heavy Construction, and Others.

By Geography;

North America, Europe, Asia Pacific, Middle East and Africa and Latin America - Report Timeline (2020 - 2030).
Report ID: Rn750667309 Published Date: December, 2024 Updated Date: January, 2025

Introduction

Global Artificial Intelligence (AI) in Construction Market (USD Million), 2020 - 2030

In the year 2023, the Global Artificial Intelligence (AI) in Construction Market was valued at USD xx.x million. The size of this market is expected to increase to USD xx.x million by the year 2030, while growing at a Compounded Annual Growth Rate (CAGR) of x.x%.

The global construction industry is undergoing a transformative shift with the integration of artificial intelligence (AI) technologies. AI is revolutionizing various aspects of construction, from project planning and design to execution and maintenance. By leveraging advanced algorithms and machine learning techniques, AI enables construction companies to streamline processes, optimize resource utilization, and improve project outcomes. The adoption of AI in construction is driven by the need for greater efficiency, productivity, and sustainability in the face of increasing complexity and challenges in the industry.

As construction projects become more complex and demanding, there is a growing recognition of the potential of AI to address key challenges and unlock new opportunities. AI-powered solutions offer predictive capabilities that enable proactive decision-making and risk management, leading to more accurate cost estimation, scheduling, and resource allocation. AI enhances collaboration and communication among project stakeholders, facilitating smoother workflows and reducing delays and errors.

The integration of AI technologies in construction is reshaping traditional practices and opening up avenues for innovation and improvement. From automated design generation and construction site monitoring to predictive maintenance and asset management, AI applications are revolutionizing how construction projects are planned, executed, and maintained. By harnessing the power of AI, construction companies can gain deeper insights into project performance, optimize processes in real-time, and deliver projects more efficiently and cost-effectively.

In this dynamic landscape, the global AI in construction market is poised for significant growth and innovation. As AI technologies continue to mature and become more accessible, construction companies of all sizes are exploring ways to leverage AI to gain a competitive edge and drive business success. With advancements in AI algorithms, data analytics, and sensor technologies, the potential for AI to transform the construction industry is immense, promising greater efficiency, sustainability, and resilience in the built environment.

  1. Introduction
    1. Research Objectives and Assumptions
    2. Research Methodology
    3. Abbreviations
  2. Market Definition & Study Scope
  3. Executive Summary
    1. Market Snapshot, By Technology
    2. Market Snapshot, By Stage
    3. Market Snapshot, By Component
    4. Market Snapshot, By Application
    5. Market Snapshot, By Deployment Type
    6. Market Snapshot, By Industry Type
    7. Market Snapshot, By Organization Size
    8. Market Snapshot, By Region
  4. Global Artificial Intelligence (AI) in Construction Market Dynamics
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. Increasing Adoption of Building Information Modeling (BIM) Technology
        2. Growing Demand for Automation and Efficiency in Construction Processes
        3. Rising Investments in Smart Infrastructure Projects
        4. Need for Improved Safety and Risk Management Practices
        5. Emergence of Advanced AI Technologies for Construction Applications
      2. Restraints
        1. High Initial Investment Costs and Implementation Challenges
        2. Lack of Skilled Workforce in AI and Construction Industries
        3. Data Privacy and Security Concerns
        4. Compatibility Issues with Existing Construction Technologies and Systems
        5. Resistance to Change and Traditional Work Practices
      3. Opportunities
        1. Adoption of AI for Predictive Maintenance and Equipment Monitoring
        2. Integration of AI with Building Information Modeling (BIM) Systems
        3. Enhanced Safety and Risk Management Through AI-driven Analytics
        4. Optimization of Construction Processes and Project Management
        5. Expansion of AI Applications in Sustainable Construction Practices
    2. PEST Analysis
      1. Political Analysis
      2. Economic Analysis
      3. Social Analysis
      4. Technological Analysis
    3. Porter's Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of Substitutes
      4. Threat of New Entrants
      5. Competitive Rivalry
  5. Market Segmentation
    1. Global Artificial Intelligence (AI) in Construction Market, By Technology, 2020 - 2030 (USD Million)
      1. Machine learning and deep learning
      2. Natural Language Processing (NLP)
    2. Global Artificial Intelligence (AI) in Construction Market, By Stage, 2020 - 2030 (USD Million)
      1. Pre-construction
      2. Construction stage
      3. Post-construction
    3. Global Artificial Intelligence (AI) in Construction Market, By Component, 2020 - 2030 (USD Million)
      1. Solutions
      2. Design and planning
      3. Revenue estimation
      4. Virtual assistant
      5. Demand forecasting
      6. Predictive maintenance
      7. Services
      8. Integration and deployment
      9. Training and consulting
      10. Support and maintenance
    4. Global Artificial Intelligence (AI) in Construction Market, By Application, 2020 - 2030 (USD Million)
      1. Project management
      2. Field management
      3. Risk management
      4. Schedule management
      5. Supply chain management
      6. Others
    5. Global Artificial Intelligence (AI) in Construction Market, By Deployment Type, 2020 - 2030 (USD Million)
      1. Cloud
      2. On-premises
    6. Global Artificial Intelligence (AI) in Construction Market, By Industry Type, 2020 - 2030 (USD Million)
      1. Small and Medium-sized Enterprises (SMEs)
      2. Large enterprises
    7. Global Artificial Intelligence (AI) in Construction Market, By Organization Size, 2020 - 2030 (USD Million)
      1. Residential
      2. Institutional commercials
      3. Heavy construction
      4. Others
    8. Global Artificial Intelligence (AI) in Construction Market, By Geography, 2020 - 2030 (USD Million)
      1. North America
        1. United States
        2. Canada
      2. Europe
        1. Germany
        2. United Kingdom
        3. France
        4. Italy
        5. Spain
        6. Nordic
        7. Benelux
        8. Rest of Europe
      3. Asia Pacific
        1. Japan
        2. China
        3. India
        4. Australia/New Zealand
        5. South Korea
        6. ASEAN
        7. Rest of Asia Pacific
      4. Middle East & Africa
        1. GCC
        2. Israel
        3. South Africa
        4. Rest of Middle East & Africa
      5. Latin America
        1. Brazil
        2. Mexico
        3. Argentina
        4. Rest of Latin America
  6. Competitive Landscape
    1. Company Profiles
      1. IBM
      2. Microsoft
      3. Oracle
      4. SAP
      5. Alice Technologies
      6. eSUB
      7. SmarTVid.Io
      8. DarKTrace
      9. Aurora Computer Services
      10. Autodesk
      11. Jaroop
      12. Lili.Ai
      13. Predii
      14. Assignar
      15. Deepomatic
      16. Coins Global
      17. Beyond Limits
      18. Doxel
      19. Askporter
      20. Plangrid
      21. Renoworks Software
      22. Building System Planning
      23. Bentley Systems
  7. Analyst Views
  8. Future Outlook of the Market