Artificial Intelligence (AI) in Construction Market Report: Research Insights and Growth Forecast (2024-2031) | Building System Planning, Inc., SAP SE, Autodesk, Inc.

The Artificial Intelligence (AI) in Construction Market report by DataM Intelligence provides insights into the latest trends and developments in the market. This report identifies the key growth opportunities in the market and provides recommendations for market participants to capitalize on these opportunities. Overall, the Artificial Intelligence (AI) in Construction market report is an essential resource for market participants who are looking to gain a comprehensive understanding of the market and identify opportunities for growth.

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Global Artificial Intelligence (AI) in Construction Market reached USD 0.6 billion in 2022 and is expected to reach USD 7.8 billion by 2030, growing with a CAGR of 33.7% during the forecast period 2024-2031.

The Artificial Intelligence (AI) in Construction Market involves the integration of AI technologies to enhance various construction processes, such as project planning, design, construction, and maintenance. AI applications, including predictive analytics, machine learning, and robotics, help optimize resource allocation, improve safety, and reduce project costs. Market growth is driven by the increasing demand for automation, the need for efficient project management, and advancements in AI technologies aimed at improving construction productivity and safety.

Competitive Landscape

The section also contains information related to the new product launches, mergers, acquisitions, collaborations, etc., to give a clear understanding about the competitive landscape prevailing in the global market. With an emphasis on strategies there have been several primary developments done by major companies such as Building System Planning, Inc., SAP SE, Autodesk, Inc., NVIDIA Corporation, International Business Machines Corp, Microsoft Corporation, Inc. oracle Corporation, Dassault Systems SE, Aurora Computer Services Limited and PTC Inc.

Key Developments:

In April 2023, Autodesk, Inc. and VietNam National Construction Consultants (VC Group) signed a Memorandum of Understanding (MOU) to establish a strategic partnership. Under this agreement, Autodesk will provide guidance and assistance to VC Group in adopting digital design and construction consultancy technologies, in line with the Vietnamese Government's initiative to promote the use of Building Information Modeling (BIM) in the construction sector. This partnership aims to enhance the adoption of advanced digital tools to improve efficiency and innovation in the Vietnamese construction industry.

In June 2022, Siemens and NVIDIA expanded their partnership to advance the industrial metaverse and enhance the use of AI-driven digital twin technology in industrial automation. As part of this collaboration, they aim to integrate Siemens Xcelerator, an open digital business platform, with NVIDIA Omniverse, a platform for 3D design and collaboration. This integration is set to enhance the digital transformation of industries, enabling more efficient simulation, design, and collaboration processes in the industrial sector.

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Market Segments

The detailed segmentation offered in the report will help customers get a clear idea about the market segments and the factors that will drive segmental growth. The Artificial Intelligence (AI) in Construction market has been segmented

By Offerings: Solutions, Services.

By Deployment Type: Cloud, On-Premise.

By Organization Size: Small and Medium-sized Enterprises, Large Enterprises.

By End-User: Residential, Institutional, Commercials, Others.

Research Process

Both primary and secondary data sources have been used in the global Artificial Intelligence (AI) in Construction Market research report. During the research process, a wide range of industry-affecting factors are examined, including governmental regulations, market conditions, competitive levels, historical data, market situation, technological advancements, upcoming developments, in related businesses, as well as market volatility, prospects, potential barriers, and challenges.

Regional Analysis for Artificial Intelligence (AI) in Construction Market:

⇥ North America (U.S., Canada, Mexico)

⇥ Europe (U.K., Italy, Germany, Russia, France, Spain, The Netherlands and Rest of Europe)

⇥ Asia-Pacific (India, Japan, China, South Korea, Australia, Indonesia Rest of Asia Pacific)

⇥ South America (Colombia, Brazil, Argentina, Rest of South America)

⇥ Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of Middle East & Africa)

**The full version of the report includes an in-depth analysis of emerging players and startups, which will provide valuable insights into the evolving market landscape and key strategies being adopted**

This Report Covers:

✔ Go-to-market Strategy.

✔ Neutral perspective on the market performance.

✔Development trends, competitive landscape analysis, supply side analysis, demand side analysis, year-on-year growth, competitive benchmarking, vendor identification, and other significant analysis, as well as development status.

✔Customized regional/country reports as per request and country level analysis.

✔ Potential & niche segments and regions exhibiting promising growth covered.

✔ Analysis of Market Size (historical and forecast), Total Addressable Market (TAM), Serviceable Available Market (SAM), Serviceable Obtainable Market (SOM), Market Growth, Technological Trends, Market Share, Market Dynamics, Competitive Landscape and Major Players (Innovators, Start-ups, Laggard, and Pioneer).

Chapter Outline

⏩ Market Overview: It contains five chapters, as well as information about the research scope, major manufacturers covered, market segments, Artificial Intelligence (AI) in Construction market segments, study objectives, and years considered.

⏩ Market Landscape: The competition in the Global Artificial Intelligence (AI) in Construction Market is evaluated here in terms of value, turnover, revenues, and market share by organization, as well as market rate, competitive landscape, and recent developments, transaction, growth, sale, and market shares of top companies.

⏩ Companies Profiles: The global Artificial Intelligence (AI) in Construction market's leading players are studied based on sales, main products, gross profit margin, revenue, price, and growth production.

⏩ Market Outlook by Region: The report goes through gross margin, sales, income, supply, market share, CAGR, and market size by region in this segment. North America, Europe, Asia Pacific, Middle East & Africa, and South America are among the regions and countries studied in depth in this study.

⏩ Market Segments: It contains the deep research study which interprets how different end-user/application/type segments contribute to the Artificial Intelligence (AI) in Construction Market.

⏩ Market Forecast: Production Side: In this part of the report, the authors have focused on production and production value forecast, key producers forecast, and production and production value forecast by type.

⏩ Research Findings: This section of the report showcases the findings and analysis of the report.

⏩ Conclusion: This portion of the report is the last section of the report where the conclusion of the research study is provided.

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Frequently asked questions:

➠ What is the global sales value, production value, consumption value, import and export of Artificial Intelligence (AI) in Construction market?

➠ Who are the global key manufacturers of the Artificial Intelligence (AI) in Construction Industry? How is their operating situation (capacity, production, sales, price, cost, gross, and revenue)?

➠ What are the Artificial Intelligence (AI) in Construction market opportunities and threats faced by the vendors in the global Artificial Intelligence (AI) in Construction Industry?

➠ Which application/end-user or product type may seek incremental growth prospects? What is the market share of each type and application?

➠ What focused approach and constraints are holding the Artificial Intelligence (AI) in Construction market?

➠ What are the different sales, marketing, and distribution channels in the global industry?

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