Global Artificial Intelligence in The Construction Market size was over USD 310.6 million in 2017 and is anticipated to reach a market size of USD 2,141.2 million by 2025, growing at a CAGR of 26.7% from 2018 to 2025.

Artificial intelligence is a concept, in which automated machines are being able to perform various tasks in such a way that would alter complex human intellect capabilities such as planning, decision making, and recognition. The development of the Internet of Things (IoT) along with the Industry 4.0 has driven the use of AI technology, particularly in the heavy industrial sectors, such as general manufacturing, automotive, and oil & gas.

Though this technology has spread across all kinds of parallel industries, the construction end-use industry has become the slowest segment to adopt this technology. In recent years, the AI technology has become more beneficial in the pre-construction stages, such as planning, designing, which enabled advanced competences for building modeling along with generative design. Favorable innovations in terms of monitoring, safety, along with maintenance systems which use the AI capabilities will drive the artificial intelligence in the construction market gradually.

Application Overview

Artificial intelligence in the construction market for planning and design is expected to lead the global market with a size of USD 111.8 million in 2017 and is further expected to reach USD 761.5 million in 2025, with a growth rate of over 27.1%.

Planning and design phase in the construction of a building is one of the most important tasks in any kind of construction activity. Many costs are invested on architecture, design, and research, as any kind of changes in the building phase will lead to many budgetary constraints. Due to this, the encouragement among many construction professionals is observed to use cutting-edge software packages, along with softwares such as Building Information Modeling (BIM), to enable the generative and innovative design capabilities.

Regional Overview

North America artificial intelligence in the construction market was over USD 114.9 million in 2017 and is expected to grow at a CAGR of over 23.7% till the end of 2025.

North America artificial intelligence in the construction market is considered as one of the most developed markets across the world. The construction activities in this region are chiefly driven by the increasing construction activity, particularly in the U.S. The change in the political scene in the U.S., coupled with massive shortage of construction labor in this region will drive the demand for the automation implementation in the construction end-use industry, which will further drive the North America artificial intelligence in the construction market over the projected period.

Competitive Overview

Major players in the global artificial intelligence in the construction market include Building System Planning, Inc., Autodesk, Inc., Komatsu Ltd., Smartvid.io, Inc., Doxel Inc., NVIDIA Corporation, Dassault Systemes SE, and Volvo AB among several players.