Artificial Intelligence in Construction Market
Artificial Intelligence in Construction Market Size, By Component (Solution, Services), By Application (Project Management, Field Management, Risk Management, Asset Management), Deployment Model, Organization Size, End User & Forecast 2023 – 2032
Published Date: May - 2025 | Publisher: MRA | No of Pages: 240 | Industry: Media and IT | Format: Report available in PDF / Excel Format
View Details Buy Now 2890 Download Free Sample Ask for Discount Request CustomizationAI in Construction Market Size
AI in Construction Market size over USD 2.5 billion in 2022 and projected to grow at a rate of 20% over the forecast period 2023-2032. The growth of the industry is attributed to enhancing efficiency & productivity through optimizing project scheduling, resource management, and task scheduling, resulting in lower timelines & costs.
To get key market trends
Data-driven decision-making utilizes AI capability to process vast amounts of construction data, facilitating informed & proactive planning and resource optimization. In addition, AI facilitates improvement in safety in construction activities through real-time monitoring, threat detection, and compliance regulation. AI also empowers quality control and defect identification, maintaining high standards in construction and minimizing rework.
| Report Attribute | Details |
|---|---|
| Base Year | 2022 |
| Artificial Intelligence in Construction Market Size in 2022 | USD 2.57 Billion |
| Forecast Period | 2023 to 2032 |
| Forecast Period 2023 to 2032 CAGR | 20.3% |
| 2032 Value Projection | USD 15.16 Billion |
| Historical Data for | 2018 – 2022 |
| No. of Pages | 300 |
| Tables, Charts & Figures | 369 |
| Segments covered | Component, Deployment Model, Organization Size, Application, End User, and Region |
| Growth Drivers |
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| Pitfalls & Challenges |
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What are the growth opportunities in this market?
Its high investment and operation cost is another major hindrance that slows AI in the development of the construction market. To develop and introduce AI technology within construction projects necessitates high-cost financial resources involving the purchase price of AI systems, hardware, software, and specialized human resource. In addition, operational & maintenance costs are high involving the requirement for professional personnel, ongoing updates, and infrastructure costs. Its expense of operation and investment is quite high, which makes it difficult for small- & medium-sized construction companies to implement AI solutions.
COVID-19 Impact
The COVID-19 crisis disrupted several industries including manufacturing & construction, transportation & logistics, and mining. The global shutdown affected outdoor industrial operations and hampered supply chains, restricting the adoption and implementation of AI technologies in the construction industry. The pandemic also highlighted the need for contactless operations, remote monitoring, and digital solutions, which accelerated the interest & investment in AI for construction. With the resumption of industrial operations post-pandemic, the demand for AI and IoT surged across various industries including construction.
AI in Construction Market Trends
The integration of Internet of Things (IoT) devices and sensors is creating demand for AI in construction. These connected devices collect real-time data on construction sites, equipment, and worker activities. This data, when combined with AI algorithms, provides valuable insights for optimizing construction processes, improving safety, and enhancing decision-making. Furthermore, the use of AI-powered drones and robotics in construction is gaining traction. These trends are driving the industry toward smart and automated construction practices, leading to increased efficiency, productivity, and quality in construction projects.
AI in Construction Market Analysis
Learn more about the key segments shaping this market
Hello! Artificial Intelligence (AI) has been causing a lot of waves in the world of construction. Already in 2022, businesses employing AI technology in construction raked in approximately $1.5 billion. So, what exactly are these AI solutions? Oh, they're similar to toolkits specifically designed for construction. They have features such as machine learning, which uses data to learn and make predictions. They also possess computer vision, enabling them to "see" and interpret images and videos. And they can even comprehend language and process large datasets. These capabilities all cooperate like a dream team to address challenges at every phase of a building project. They can automate processes, such as scheduling and ordering materials. They can assist businesses to utilize their resources better, saving them time and money. And they can even enhance safety by detecting potential issues before they become issues. Bottom line, AI in construction makes jobs more streamlined, faster, and more efficient. It's no surprise it's all the rage in the industry today!
Learn more about the key segments shaping this market
Hello! Did you know that AI is storming the construction business, particularly in project management? In 2022 alone, it shared more than 35% of the global AI in construction market. Why? Because AI makes life easier for project managers! It runs numbers on past data to provide you with bang-on cost quotes, forecast timelines, and even identify roadblocks before they hit your project!. But that's not even the end of it. AI assists you in staffing your crew, assigning tasks, and maintaining a smooth ride. And that's not all! AI software monitors your performance in real-time, so you can take instant decisions and allocate resources where they are most needed. You see what this is all about? AI is changing the way construction projects come on board, operate, and complete, resulting in higher outcomes and less hassle for you.
Looking for region specific data?
North America AI in construction market held 30% of the revenue share in 2022. The region enjoys a high level of advanced technological infrastructure and high emphasis on innovation. The North American construction sector is increasingly embracing AI-based solutions to enhance operational efficiency, project management, and safety. The most significant factors propelling growth are the requirement for sustainable & intelligent construction processes, the necessity to reduce costs, and a favorable regulatory setup. Strategic collaborations between technology providers, construction firms, and research organizations also fuel the evolution of AI in construction in North America.
AI in Construction Market Share
Major companies operating in the AI in construction market are
- Alice Technologies Inc.
- Autodesk, Inc.
- Bentley Systems Inc.
- Dassault Systemes SE
- IBM Corporation
- Microsoft Corporation
- NVIDIA Corporation
- Oracle Corporation
- Predii
- PTC Inc.
- SAP SE
- Smartvid.io Inc.
AI in Construction Industry News
- In July 2022, Takenaka Corporation, one of Japan's top five general contractors, chose ALICE Technologies for an assortment of key projects. ALICE's structure for optioneering allows global building contractors to rapidly & securely employ AI to bid, design & construct large infrastructure and for corporate developments.
The Artificial Intelligence in construction market research report includes in-depth coverage of the industry with estimates & forecast in terms of revenue (USD Million) from 2018 to 2032, for the following segments
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Market, By Component
- Solution
- Service
Market, By Deployment Model
- On-premises
- Cloud
Market, By Organization Size
- SMEs
- Large enterprises
Market, By Application
- Project management
- Field management
- Risk management
- Asset management
Market, By End User
- Residential
- Commercial
- Industrial
- Public infrastructure
The above information has been provided for the following regions and countries
- North America
- U.S.
- Canada
- Europe
- UK
- Germany
- France
- Italy
- Spain
- Netherlands
- Asia Pacific
- China
- India
- Japan
- Australia & New Zealand
- South Korea
- Latin America
- Brazil
- Mexico
- Argentina
- MEA
- South Africa
- UAE
- Saudi Arabia
Frequently Asked Questions (FAQ)
What is the size of AI in Construction Market?
The market size of AI in construction was reached USD 2.5 billion in 2022 and is set to record over 20% CAGR through 2032, owing to improving efficiency and productivity through the optimization of project scheduling, resource allocation, and task management, leading to shorter timelines & reduced costs.
How will project management application contribute to AI in construction industry value?
The project management segment held over 35% of the market share in 2022. AI technologies are being leveraged to streamline and optimize various aspects of project management, as these tools assist in resource allocation and scheduling & task management, improving the overall efficiency & productivity.
Why is North America a leading preference among AI in construction market players?
North America accounted for 30% market share in 2022, as the region benefits from advanced technological infrastructure and a strong focus on innovation.
Which companies define the competitive framework of AI in construction landscape?
Alice Technologies Inc., Autodesk, Inc., Bentley Systems Inc., Dassault Systemes SE, IBM Corporation, Microsoft Corporation, NVIDIA Corporation, Oracle Corporation, Predii, PTC Inc., SAP SE, and Smartvid.io Inc.
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