Artificial Intelligence in Construction Market: The Next Big Thing

Artificial Intelligence in Construction Market: The Next Big Thing

The construction industry is on the cusp of a revolution, driven by the integration of artificial intelligence (AI) into various aspects of the building process. Major companies like Autodesk, Trimble, IBM, Oracle, Hexagon, Bentley Systems, Building Connected, Bechtel, and Skanska are at the forefront of this transformation.

The global AI in construction market is projected to expand rapidly, with a compound annual growth rate (CAGR) of around 28% from 2025 to 2032. This growth is expected to take the market value from approximately $3 billion in 2025 to around $12 billion by 2032.

North America currently dominates the market, but the Asia Pacific region is anticipated to be the fastest-growing. The adoption of AI in construction is driven by the need for increased efficiency, productivity, and sustainability.

AI is being applied in various areas, including predictive maintenance, drone-based site surveillance, and smart construction. The growth of smart city initiatives and the demand for sustainable construction technologies are also driving the adoption of AI in the construction industry.

Despite the potential benefits, the industry faces challenges such as skilled labor shortages, integration with existing systems, and high upfront costs. Nevertheless, the integration of AI in construction has the potential to improve productivity, reduce costs, and create safer environments on construction sites.

About the author

TOOLHUNT

Effortlessly find the right tools for the job.

TOOLHUNT

Great! You’ve successfully signed up.

Welcome back! You've successfully signed in.

You've successfully subscribed to TOOLHUNT.

Success! Check your email for magic link to sign-in.

Success! Your billing info has been updated.

Your billing was not updated.