Artificial Intelligence in Construction Market , by Application (Safety, Planning and Design, Maintenance and Monitoring, Equipment), Regional Outlook (North America, Europe, Asia-Pacific, LAMEA), Global Opportunity Analysis and Industry Forecast, 2019–2026
- RES4072033
- 120 Pages
- February 2020
- ICT & Media
Market Definition:
Artificial intelligence is a theory of computer system which enable to achieve the task by development which usually require the human intelligence. Basically it is a computer program or a machine which can solve problem, think logically and learn. Artificial intelligence is successfully used for understanding human speech required at a high level for strategic building. Using artificial intelligence, companies can create the models for construction with innovative designs. With the use of several software, they study all the difference to a solution and create the alternate design with in a minimal time.
Market Drivers:
The use of advanced level artificial intelligence product and the cost efficiency is considered to be the major driving factor for the market. With the use of advanced level of artificial intelligence product one can conduct surveillance, inspection and surveying in the construction site. There are many other things that can be done through advanced artificial intelligence products that is operating construction activities through robots, it can help in creating imaging technology and many others which makes the day to day task faster and with accuracy. Artificial intelligence is one of the best way to complete the task with least cost. Many companies hire professional to get the task done by paying a lot of money. Artificial intelligences do the same task what a human can do at the most minimal cost and with accuracy.
Market Restrains:
Due to the availability of skilled worker who have a knowledge in artificial intelligence is considered as the major constrain for the artificial intelligence in construction market. Without having a good knowledge in the artificial intelligence one cannot stretch for the suitable outcome for the desired result alternatively the company have to face the outcomes if anything goes wrong.
Artificial Intelligence in Construction Market, by application:
Depending on the application the market is segmented into safety, maintenance and monitoring, planning and design, and equipment. Planning and design is one of the most important application of AI in construction market. Planning and design is projected to raise with a CAGR of 28.9 % by generating a revenue of $1,023.3 million by 2026. Without planning and design the further task of the assigned project cannot proceed. It gives the brief detail on design planning, understanding the proposal, fund require for the proposal and many other minute details of the project takes place in the planning and design. Planning and design is the core and integral part of artificial intelligence in construction sector. Equipment is anticipated to raise with a CAGR of 25.7% by generating $616.7 million by 2026. Equipment are the tools which are used for construction, and a wide range of heavy equipment are used for extensive engineering. Many companies are investing heavily on the self-operating machines which can perform the task in the operating site like paving, demolition, grading and excavation
Artificial Intelligence in Construction Market, by region:
North America accounted to have the highest share in the global AI in construction market. North America is projected to rise with a CAGR of 25.4% by generating a revenue of $898.4 million by 2026.North America is considered as the most prominent hub for construction. With the increase adoption of artificial intelligence in construction AI in construction market forecast North America as the fastest growing region with the highest share. Asia-pacific is predicted to have the highest growth rate. Asia-Pacific is likely to raise with a CAGR of 28.9% by generating a revenue of $684.2 million by 2026.Many developing countries are in the Asia-Pacific region and the major contributor were India and china. The government initiative for creating more smart cities in this region is boosting artificial intelligence in construction purposes.
Key participants in AI in Construction market:
AI in Construction Market players include Dassault Systemes SE, Volvo AB, Doxel Inc., NVIDIA Corporation, Komatsu Ltd, Smartvid.io, Inc., Autodesk, Inc., Building System Planning, Inc. and among others.
1.1. Desk Research
1.2. Real time insights and validation
1.3. Forecast model
1.4. Assumptions and forecast parameters
1.4.1. Assumptions
1.4.2. Forecast parameters
1.5. Data sources
1.5.1. Primary
1.5.2. Secondary
2. Executive Summary
2.1. 360° summary
2.2. Application trends
3. Market Overview
3.1. Market segmentation & definitions
3.2. Key takeaways
3.2.1. Top investment pockets
3.2.2. Top winning strategies
3.3. Porter’s five forces analysis
3.3.1. Bargaining power of consumers
3.3.2. Bargaining power of suppliers
3.3.3. Threat of new entrants
3.3.4. Threat of substitutes
3.3.5. Competitive rivalry in the market
3.4. Market dynamics
3.4.1. Drivers
3.4.2. Restraints
3.4.3. Opportunities
3.5. Technology landscape
3.6. Regulatory landscape
3.7. Patent landscape
3.8. Strategic overview
4. Artificial Intelligence in Construction Market, by Application
4.1. Safety
4.1.1. Market size and forecast, by region, 2017-2028
4.1.2. Comparative market share analysis, 2018 & 2028
4.2. Planning and design
4.2.1. Market size and forecast, by region, 2017-2028
4.2.2. Comparative market share analysis, 2018 & 2028
4.3. Maintenance and Monitoring
4.3.1. Market size and forecast, by region, 2017-2028
4.3.2. Comparative market share analysis, 2018 & 2028
4.4. Equipment
4.4.1. Market size and forecast, by region, 2017-2028
4.4.2. Comparative market share analysis, 2018 & 2028
5. Artificial Intelligence in Construction Market, by Region
5.1. North Region
5.1.1. Market size and forecast, by type, 2017-2028
5.1.2. Market size and forecast, by application, 2017-2028
5.1.3. Market size and forecast, by end-use, 2017-2028
5.1.4. Market size and forecast, by country, 2017-2028
5.1.5. Comparative market share analysis, 2018 & 2028
5.1.6. U.S
5.1.6.1. Market size and forecast, by type, 2017-2028
5.1.6.2. Market size and forecast, by application, 2017-2028
5.1.6.3. Market size and forecast, by end-use, 2017-2028
5.1.6.4. Comparative market share analysis, 2018 & 2028
5.1.7. Canada
5.1.7.1. Market size and forecast, by type, 2017-2028
5.1.7.2. Market size and forecast, by application, 2017-2028
5.1.7.3. Market size and forecast, by end-use, 2017-2028
5.1.7.4. Comparative market share analysis, 2018 & 2028
5.2. Europe
5.2.1. Market size and forecast, by type, 2017-2028
5.2.2. Market size and forecast, by application, 2017-2028
5.2.3. Market size and forecast, by end-use, 2017-2028
5.2.4. Market size and forecast, by country, 2017-2028
5.2.5. Comparative market share analysis, 2018 & 2028
5.2.6. UK
5.2.6.1. Market size and forecast, by type, 2017-2028
5.2.6.2. Market size and forecast, by application, 2017-2028
5.2.6.3. Market size and forecast, by end-use, 2017-2028
5.2.6.4. Comparative market share analysis, 2018 & 2028
5.2.7. Germany
5.2.7.1. Market size and forecast, by type, 2017-2028
5.2.7.2. Market size and forecast, by application, 2017-2028
5.2.7.3. Market size and forecast, by end-use, 2017-2028
5.2.7.4. Comparative market share analysis, 2018 & 2028
5.2.8. France
5.2.8.1. Market size and forecast, by type, 2017-2028
5.2.8.2. Market size and forecast, by application, 2017-2028
5.2.8.3. Market size and forecast, by end-use, 2017-2028
5.2.8.4. Comparative market share analysis, 2018 & 2028
5.2.9. Italy
5.2.9.1. Market size and forecast, by type, 2017-2028
5.2.9.2. Market size and forecast, by application, 2017-2028
5.2.9.3. Market size and forecast, by end-use, 2017-2028
5.2.9.4. Comparative market share analysis, 2018 & 2028
5.2.10. Rest of Europe
5.2.10.1. Market size and forecast, by type, 2017-2028
5.2.10.2. Market size and forecast, by application, 2017-2028
5.2.10.3. Market size and forecast, by end-use, 2017-2028
5.2.10.4. Comparative market share analysis, 2018 & 2028
5.3. Asia-Pacific
5.3.1. Market size and forecast, by type, 2017-2028
5.3.2. Market size and forecast, by application, 2017-2028
5.3.3. Market size and forecast, by end-use, 2017-2028
5.3.4. Market size and forecast, by country, 2017-2028
5.3.5. Comparative market share analysis, 2018 & 2028
5.3.6. China
5.3.6.1. Market size and forecast, by type, 2017-2028
5.3.6.2. Market size and forecast, by application, 2017-2028
5.3.6.3. Market size and forecast, by end-use, 2017-2028
5.3.6.4. Comparative market share analysis, 2018 & 2028
5.3.7. India
5.3.7.1. Market size and forecast, by type, 2017-2028
5.3.7.2. Market size and forecast, by application, 2017-2028
5.3.7.3. Market size and forecast, by end-use, 2017-2028
5.3.7.4. Comparative market share analysis, 2018 & 2028
5.3.8. Japan
5.3.8.1. Market size and forecast, by type, 2017-2028
5.3.8.2. Market size and forecast, by application, 2017-2028
5.3.8.3. Market size and forecast, by end-use, 2017-2028
5.3.8.4. Comparative market share analysis, 2018 & 2028
5.3.9. South Korea
5.3.9.1. Market size and forecast, by type, 2017-2028
5.3.9.2. Market size and forecast, by application, 2017-2028
5.3.9.3. Market size and forecast, by end-use, 2017-2028
5.3.9.4. Comparative market share analysis, 2018 & 2028
5.3.10. Australia
5.3.10.1. Market size and forecast, by type, 2017-2028
5.3.10.2. Market size and forecast, by application, 2017-2028
5.3.10.3. Market size and forecast, by end-use, 2017-2028
5.3.10.4. Comparative market share analysis, 2018 & 2028
5.3.11. Rest of Asia Pacific
5.3.11.1. Market size and forecast, by type, 2017-2028
5.3.11.2. Market size and forecast, by application, 2017-2028
5.3.11.3. Market size and forecast, by end-use, 2017-2028
5.3.11.4. Comparative market share analysis, 2018 & 2028
5.4. LAMEA
5.4.1. Market size and forecast, by type, 2017-2028
5.4.2. Market size and forecast, by application, 2017-2028
5.4.3. Market size and forecast, by end-use, 2017-2028
5.4.4. Market size and forecast, by country, 2017-2028
5.4.5. Comparative market share analysis, 2018 & 2028
5.4.6. Latin America
5.4.6.1. Market size and forecast, by type, 2017-2028
5.4.6.2. Market size and forecast, by application, 2017-2028
5.4.6.3. Market size and forecast, by end-use, 2017-2028
5.4.6.4. Comparative market share analysis, 2018 & 2028
5.4.7. Middle East
5.4.7.1. Market size and forecast, by type, 2017-2028
5.4.7.2. Market size and forecast, by application, 2017-2028
5.4.7.3. Market size and forecast, by end-use, 2017-2028
5.4.7.4. Comparative market share analysis, 2018 & 2028
5.4.8. Africa
5.4.8.1. Market size and forecast, by type, 2017-2028
5.4.8.2. Market size and forecast, by application, 2017-2028
5.4.8.3. Market size and forecast, by end-use, 2017-2028
5.4.8.4. Comparative market share analysis, 2018 & 2028
6. Company Profiles
6.1. Autodesk, Inc.,
6.1.1. Business overview
6.1.2. Financial performance
6.1.3. Product portfolio
6.1.4. Recent strategic moves & developments
6.1.5. SWOT analysis
6.2. Building System Planning, Inc.
6.2.1. Business overview
6.2.2. Financial performance
6.2.3. Product portfolio
6.2.4. Recent strategic moves & developments
6.2.5. SWOT analysis
6.3. Smartvid.io, Inc.
6.3.1. Business overview
6.3.2. Financial performance
6.3.3. Product portfolio
6.3.4. Recent strategic moves & developments
6.3.5. SWOT analysis
6.4. Komatsu Ltd
6.4.1. Business overview
6.4.2. Financial performance
6.4.3. Product portfolio
6.4.4. Recent strategic moves & developments
6.4.5. SWOT analysis
6.5. NVIDIA Corporation
6.5.1. Business overview
6.5.2. Financial performance
6.5.3. Product portfolio
6.5.4. Recent strategic moves & developments
6.5.5. SWOT analysis
6.6. Doxel Inc.
6.6.1. Business overview
6.6.2. Financial performance
6.6.3. Product portfolio
6.6.4. Recent strategic moves & developments
6.6.5. SWOT analysis
6.7. Volvo AB
6.7.1. Business overview
6.7.2. Financial performance
6.7.3. Product portfolio
6.7.4. Recent strategic moves & developments
6.7.5. SWOT analysis
6.8. Dassault Systemes SE
6.8.1. Business overview
6.8.2. Financial performance
6.8.3. Product portfolio
6.8.4. Recent strategic moves & developments
6.8.5. SWOT analysis
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