Global Digital Twin In Construction Industry Outlook 2025-2029: Market Set to Cross $92.06 Billion Milestone

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Digital Twin In Construction Market Size Growth Forecast: What to Expect by 2025?
There has been rapid expansion in the market size of digital twin in construction over the past few years. It is projected to escalate from $41.98 billion in 2024 to $48.98 billion in 2025 with a compound annual growth rate (CAGR) of 16.7%. The historical growth is a result of a surge in the need for efficient construction methodologies, a heightened need for real-time data monitoring, a growing emphasis on sustainability and energy conservation, an increased demand for predictive maintenance strategies, as well as a heightened focus on asset management and lifecycle optimization.

How Will the Digital Twin In Construction Market Size Evolve and Grow by 2029?
Expectations are high for the digital twin in construction market size to experience rapid expansion in the coming years. It has been predicted to ascend to $92.06 billion by 2029, with an expected compound annual growth rate (CAGR) of 17.1%. Digital transformation interest across various industries, the increased use of cloud-based platforms for data handling, a heightened attention to enhancing safety and risk management in construction, a surge in demand for operational streamlining in facility management, and an escalating demand for sustainable construction methodologies, contribute to this growth expectation within the forecast period. Some key emerging trends in this phase include innovative cloud-based digital twin platforms, the merger of augmented reality (AR) with digital twins to improve visualization, progress in automation and robotic implementation in construction activities, data security via blockchain technology integration, and advancements in data interchange between digital twin platforms.

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What Drivers Are Propelling the Growth of Digital Twin In Construction Market Forward?
Expectations are high for the digital twin concept in the construction industry to thrive on the back of surging adoption of IoT and big data. IoT is essentially a collection of interconnected devices that collect and disseminate data, while big data centers around the handling and analysis of immense, intricate data sets to extract key patterns and insights that aid informed decision-making. Prompt decision-making powered by exhaustive data is primarily accelerating the evolution of IoT and big data. These two elements are indispensable for digitized twins in construction, allowing live data gathered via sensors to construct digital representations of physical assets. This merging supports supervision, forecasting, and fine-tuning, culminating in enhanced efficacy and diminished construction project costs. In a report by Ericsson, a Swedish telecommunications firm, the number of worldwide IoT connections, as of December 2023, stood at 3.4 billion and it is predicted to hit 6.7 billion by 2029. Similarly, the SODA Foundation, an American open-source initiative, reported a drastic spike in annual data growth from 700 TB in 2021 to 2,208TB the following year; a year-on-year increase of roughly three times for an average end-user organization. This underscores the growing embrace of IoT and big data and their contribution to pushing the digital twin wave in the construction industry.

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Which Emerging Trends Are Transforming the Digital Twin In Construction Market in 2025?
Leading corporations in the digital twin in construction market are concentrating their efforts on creating innovative solutions like digital duplicate platforms. These platforms, which offer real-time virtual replicas of physical objects, processes or systems, facilitate predictive analytics which in turn improve project efficiency and decision making. Taking an example, in May 2024, the Hong Kong University of Science and Technology (HKUST) rolled out the first city-level AI-powered digital twin platform intended for heritage buildings. The platform merges cutting-edge technologies like generative AI, 3D modeling, IoT, satellite remote sensing, and expansive language models to create intricate digital duplicates and promote intelligent monitoring and preservation of heritage sites within all 18 districts. Its capacity to conduct real-time environmental monitoring, predictive upkeep, energy optimization, and interactive data retrieval is designed to enhance the conservation, administration, and sustainability of Hong Kong's varied architectural heritage, particularly against threats like severe weather and fire.

What Are the Key Segments in the Digital Twin In Construction Market?
The digital twin in constructionmarket covered in this report is segmented -

1) By Component: Software, Hardware
2) By Type: Informative Twin, Autonomous Twin
3) By Application: Resource Management And Logistics, Safety Monitoring, Product Design And Optimization, Quality Management, Predictive Maintenance, Other Applications
4) By End-User: Architects And Engineers, Contractors And Builders, Facility Managers, Urban Planners And Developers

Subsegments:
1) By Software: Design And Modeling Software, Simulation And Analytics Software, Asset Performance Management Software, Building Information Modeling (BIM) Software, Digital Twin Platforms, Visualization And Rendering Software
2) By Hardware: Sensors, Internet of Things (IoT) Devices, Drones, Scanners, Edge Devices, Networking And Connectivity Devices, Augmented Reality (AR) Or Virtual Reality (VR) Devices

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Who Are the Key Players Shaping the Digital Twin In Construction Market's Competitive Landscape?
Major companies operating in the digital twin in construction market are Microsoft Corporation, Amazon Web Services Inc., Siemens AG, Cisco Systems Inc., Oracle Corporation, NVIDIA Corporation, Rockwell Automation Inc., Dassault Systemes SE, Hexagon AB, Autodesk Inc., Trimble Inc., Ansys Inc., PTC Inc., AVEVA Group plc, Bentley Systems Incorporated, Granlund Oy, Matterport Inc., DBM Vircon, Cupix Inc., Bosch Sicherheitssysteme GmbH, Invicara Inc., SiteAware Ltd., Twinzo s.r.o.

What Geographic Markets Are Powering Growth in the Digital Twin In Construction Market?
North America was the largest region in the digital twin in the construction market in 2024. The regions covered in the digital twin in construction market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

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