Artificial Intelligence Construction Market

Artificial intelligence (AI) refers to the simulation of human intelligence in machines that are programmed to think like humans and mimic their actions. The term may also be applied to any machine that exhibits traits associated with a human mind such as learning and problem-solving.

Artificial intelligence has evolved with improved safety standards and assist in predicting hazards at construction sites before they take place. Therefore, the construction companies have leveraged the artificial intelligence technology in terms of predictive maintenance and risk management solutions. Also, the AI in the construction industry is highly adopted for the development of industrial internet of things (IIoT) based applications for construction sites. IIoT assists project managers with efficient outputs and reduced labor costs, which boosts the demand for artificial intelligence in the industry. Construction companies are focusing on investments in IIoT applications development to implement industry 4.0 and support full automation at their job sites.

The Artificial Intelligence (AI) in Construction industry can be broken down into several segments, Solution, Service, etc.

Across the world, the major players cover Autodesk, IBM, Microsoft, etc.

Artificial Intelligence Construction Market contains market size and forecasts of Artificial Intelligence (AI) in Construction in Global, including the following market information:

Global Artificial Intelligence (AI) in Construction Market Revenue, 2017-2022, 2023-2028, ($ millions)

Global top five companies in 2021 (%)

The global Artificial Intelligence (AI) in Construction market was valued at 1049.4 million in 2021 and is projected to reach US$ 6501.3 million by 2028, at a CAGR of 29.8% during the forecast period.

The U.S. Market is Estimated at $ Million in 2021, While China is Forecast to Reach $ Million by 2028.

Solution Segment to Reach $ Million by 2028, with a % CAGR in next six years.

The global key manufacturers of Artificial Intelligence (AI) in Construction include Autodesk, IBM, Microsoft, Oracle and SAP, etc. In 2021, the global top five players have a share approximately % in terms of revenue.

We surveyed the Artificial Intelligence (AI) in Construction companies, and industry experts on this industry, involving the revenue, demand, product type, recent developments and plans, industry trends, drivers, challenges, obstacles, and potential risks.

Total Market by Segment:

Global Artificial Intelligence (AI) in Construction Market, by Type, 2017-2022, 2023-2028 ($ millions)

Global Artificial Intelligence (AI) in Construction Market Segment Percentages, by Type, 2021 (%)

Solution

Service

Global Artificial Intelligence (AI) in Construction Market, by Application, 2017-2022, 2023-2028 ($ millions)

Global Artificial Intelligence (AI) in Construction Market Segment Percentages, by Application, 2021 (%)

Project Management

Field Management

Risk Management

Schedule Management

Other

Global Artificial Intelligence (AI) in Construction Market, By Region and Country, 2017-2022, 2023-2028 ($ Millions)

Global Artificial Intelligence (AI) in Construction Market Segment Percentages, By Region and Country, 2021 (%)

North America

US

Canada

Mexico

Europe

Germany

France

U.K.

Italy

Russia

Nordic Countries

Benelux

Rest of Europe

Asia

China

Japan

South Korea

Southeast Asia

India

Rest of Asia

South America

Brazil

Argentina

Rest of South America

Middle East & Africa

Turkey

Israel

Saudi Arabia

UAE

Rest of Middle East & Africa

Competitor Analysis

The report also provides analysis of leading market participants including:

Key companies Artificial Intelligence (AI) in Construction revenues in global market, 2017-2022 (estimated), ($ millions)

Key companies Artificial Intelligence (AI) in Construction revenues share in global market, 2021 (%)

Further, the report presents profiles of competitors in the market, key players include:

Autodesk

IBM

Microsoft

Oracle

SAP