AI in Construction Market: Growth Exploration with CAGR of 30.0% and 33.2%, Market Size, and Implications

Impressive growth in AI in Construction market driven by efficiency advancements, cost reductions, and increased adoption of drones.

What Is The Projected Market Size Of The Global AI in Construction Market And Its Growth Rate?
The AI in Construction market has shown extraordinary growth recently and this trend is expected to continue in future:
•The market size was $1.76 billion in 2024, reaching $2.29 billion in 2025, showing a CAGR of 30.0%.
•Growth in the market is expected to explode over the next few years, reaching $7.21 billion in 2029 at a CAGR of 33.2%.
•Influences on this growth include efficiency improvements, cost reductions, data analytics, automation in construction processes, safety enhancement, predictive maintenance, increased adoption of drones, and other AI-driven advancements.

What Is Driving The Growth In The AI in Construction Market?
The growth in the AI in construction market is driven by an increase in infrastructure projects. AI is instrumental in these projects as it allows for improvements in various aspects of the project's lifecycle, including design, planning, operation, and management. For instance, construction spending in July 2024 was estimated at a seasonally adjusted annual rate of $2,162.7 billion, a rise of 6.7 percent from the previous year. During this period, construction spending amounted to $1,237.5 billion, showing a rise of 8.8 percent from the same period in 2023. Therefore, the elevated level of infrastructure projects is driving the growth of the AI in the construction market.

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Who Are the Key Players Driving AI in Construction Market Growth?
Significant players in the AI in construction market include:
•Microsoft Corporation
•Oracle Corporation
•SAP SE
•Nvidia Corporation
•AECOM Technical Services Inc.
•Acciona S.A.
•Dassault Systèmes SE
•Autodesk Inc.
•Trimble Inc.
•PTC Inc.
•Bentley Systems Incorporation
•Procore Technologies Inc.
•OpenSpace Inc.

What Are The Key Trends In The AI in Construction Market?
Key trends in the AI in Construction market include:
•Autonomous construction equipment
•Predictive analytics for project management
•Computer vision for site monitoring
•Adoption of collaborative robots (cobots)
•Push for energy efficiency and sustainable construction

What Are The Segments Of The Global AI in Construction Market?
The AI in Construction Market is divided into several segments, including:
•By Component: Solutions, Services
•By Stage: Pre-Construction, Construction Stage, Post-Construction
•By Deployment Type: Cloud, On-Premises
•By Application: Project Management, Field Management, Risk Management, Schedule Management, Supply Chain Management, Other Applications
•By Industry Type: Heavy Construction, Institutional Commercials, Residential, Other Industry Types

Which Region Leads The AI in Construction Market?
North America was the largest region in the AI in construction market in 2024. However, Asia-Pacific is expected to be the fastest-growing region during the forecast period. Other regions covered in this report include Western Europe, Eastern Europe, South America, Middle East, and Africa.

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What Is Covered In The AI in Construction Market Global Market Report?

- Market Size Analysis: Analyze the AI in Construction Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the AI in Construction Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall AI in Construction Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the AI in Construction Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.

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