Fortune Business Insights‘ “AI in Construction Market” analysis covers industry size, share, growth, segmentation, manufacturers and innovations, significant trends, market drivers, limitations, regulations, distribution methods, opportunities, strategies, future road maps, and an annual forecast using 2032. The AI in Construction Industry Report 2024-2032, an authoritative source of statistical surveys, may help your company grow much more quickly.

The AI in Construction market investigates the use of artificial intelligence to improve productivity, safety, and decision-making in Construction projects. From predictive analytics and robotics to smart project management, AI is transforming the business by lowering costs and project schedules. The growing use of AI-powered tools is paving the way for better, more sustainable construction processes around the world.

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The leading players in the global AI in Construction industry are:

Autodesk (U.S.), SAP SE (Germany), Bentley Systems (U.S.), ALICE Technologies Inc. (U.S.), Dassault Systèmes (France), Oracle Corporation (U.S.), Trimble Inc. (U.S.), Komatsu (Japan), Procore Technologies, Inc. (U.S.), Doxel (U.S.)

Competitive Landscape & Company Profiles:

The competitive landscape and company profile chapters of the market analysis focus on the top players in the AI in Construction Market. The major market players are evaluated based on their product and/or service offerings, financial statements, key developments, market strategy, market position, geographical penetration, and other relevant variables. The chapter also discusses the strengths, weaknesses, opportunities, and threats (SWOT analysis), winning imperatives, current emphasis and strategies, and competitive threats for the top three to five market players. Furthermore, the list of organizations included in the market analysis can be tailored to the client’s specific requirements.

Reasons to Purchase this Report:

  • A comprehensive analysis of the market’s growth drivers, barriers, opportunities, and other challenges.
  • Follows developments such as new product launches, agreements, mergers and acquisitions, global expansions, and joint ventures.
  • Identifies market bottlenecks and boosters.

Industrial Summary:

The global AI in Construction Market size was valued at USD 3.20 billion in 2023 and is projected to grow from USD 3.93 billion in 2024 to USD 22.68 billion by 2032, exhibiting a CAGR of 24.5% during the forecast period. North America dominated the AI in construction market with a market share of 38.75% in 2023.. Recent industry developments are;

  • SAP SE unveiled advancements in its supply chain solutions, which are poised to surge manufacturing productivity, efficiency, and accuracy. AI-powered insights derived from real-time data will empower construction companies to leverage their data for informed decision-making throughout supply chains. This will optimize product development and enhance manufacturing efficiency.
  • Cadence Design Systems, Inc. extended its partnership with Dassault Systèmes at 3DEXPERIENCE World. They are integrating AI-driven Cadence, OrCAD X, and Allegro X with Dassault Systèmes’ 3DEXPERIENCE Works portfolio for SOLIDWORKS users, facilitating seamless collaboration across PCB, 3D mechanical design, and simulation. This cloud-enabled integration offers an easy-to-use solution for next-gen product development, resulting in up to 5X faster design turnaround time.
  • Autodesk debuted Autodesk AI, a smart technology designed to inspire creativity, tackle obstacles, and enhance productivity across various sectors within the construction industry. The solution provides intelligent support and generative functionalities, enabling users to envision and innovate freely, offering precise and innovative results.
  • Trimble announced its Viewpoint Spectrum and Viewpoint Vista construction ERP software that features Automatic Invoicing. Integrating Azure AI Document Intelligence enhances the process by automatically converting paper and PDF invoices into validated entries within Spectrum and Vista. This streamlines workflows, saving contractors time and money.
  • Versatile, a data collection solution provider specifically for construction, collaborated with Procore Technologies Inc. This collaboration aims to streamline daily construction log updates with accurate site progress data. This advancement will automate data management, saving time, and enhancing accuracy for construction teams.

AI in Construction Market Research Objectives:

  • Focuses on key manufacturers to define, describe, and analyze their value, sales volume, market share, competition landscape, SWOT analysis, and future development strategies.
  • To communicate thorough information on major market growth determinants.
  • Examine individual future prospects, growth patterns, and the impact on the whole market.
  • Consider potential market developments like partnerships, expansions, new product launches, and acquisitions.
  • To comprehensively characterize key players and investigate their growth strategies.

Regional Analysis:

  • North America (U.S., Canada and Mexico)
  • Europe (U.K., France, Germany, Italy, Spain, Benelux, Russia, Nordics, and the Rest of Europe)
  • Asia Pacific (India, Japan, South Korea, ASEAN, China, Oceania, and the Rest of Asia Pacific)
  • Middle East and Africa (Turkey, Israel, North Africa, GCC, South Africa, and the Rest of the Middle East & Africa)
  • South America (Argentina, Brazil, and the Rest of South America)

Report Drivers & Trends Analysis:

The study also covers market growth factors and limitations, as well as their specific impact on demand throughout the projection period. This research also discusses growth drivers, developments, trends, difficulties, constraints, and growth possibilities. This section discusses AI in Construction Market trends and changing dynamics. Furthermore, the analysis provides a forward-looking view of several aspects that are likely to influence overall market growth.

Growth Factors:

  • Increasing Adoption of Smart Construction Technologies: AI-driven tools for design, planning, and on-site monitoring are enhancing efficiency and reducing costs in the construction industry.
  • Rising Focus on Sustainable Construction: AI helps optimize resource usage, reduce waste, and achieve sustainability goals, driving adoption.

Restraining Factors:

  • Lack of Skilled Workforce: The limited availability of professionals adept at implementing and managing AI tools in construction hinders growth.
  • High Implementation Costs: Integrating AI systems requires substantial investment in technology and training, posing a barrier for small companies.

Key questions answered in the report:

  • What is the historical global market size for the AI in Construction Market?
  • What are the latest market forecasts and estimates?
  • What are the primary drivers, constraints, and opportunities in the AI in Construction industry?
  • Who are the leading players in the AI in Construction market, and what is their market share?
  • How is the competitive landscape?
  • What are the latest advancements in the AI in Construction industry?
  • What are the different strategies employed by the key market players?
  • What are the geographical trends, and which countries have the fastest growth rates?
  • Who are the local developing players in the worldwide AI in Construction Market, and how do they compete against the established ones?

Table of Contents:

  • Introduction
  • Research Scope
  • Market Segmentation
  • Research Methodology
  • Definitions and Assumptions
  • Executive Summary
  • Market Dynamics
    • Drivers
    • Restraints
    • Opportunities
  • Key Insights
  • Industry Developments – Mergers, Acquisitions, and Partnerships
  • Porter’s Five Forces Analysis
  • SWOT Analysis
  • Technological Advancements
  • Value Chain Analysis

TOC Continued…!

FAQs: –

  • What are the global market’s sales, production, consumption, imports, and exports (North America, Europe, Asia-Pacific, South America, the Middle East, and Africa).
  • Who are the big manufacturers who dominate the global marketplace?
  • What are their current capacity, production, sales, pricing, cost, gross, and revenue figures?
  • What are the market’s dangers and opportunities?

Conclusion

This AI in Construction Market research study is an important resource for stakeholders who want to make educated decisions and capitalize on growth possibilities in the [industry/sector]. Understanding market trends and consumer behaviors allows businesses to stimulate innovation and achieve long-term growth.

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