Global IoT in Construction Market: Industrial Analysis and Forecast (2020-2026), By Offering, Project Type, Application and Region

Global IoT in Construction Market was valued US$ 7.8 Bn in 2019 and is expected to reach US$ xx Bn by 2026, at a CAGR of 13.7%.

Global IoT in Construction Market Introduction

With the rise of urbanization and population density, the construction industry has become one of the most important contributors to global development. According to statistics, construction accounted for 13.2% of global GDP by the end of the year 2020. The Internet of Things (IoT) is rapidly transforming the construction industry's operations. Companies can now use IoT technology to promote construction safety, performance, and sustainability in a variety of ways, almost to the point of making the impossible possible. Here are some examples; Sensors, RFID tags, building information modelling, virtual reality, and other smart technology aid in identifying possible hazards on a construction site, reducing resource requirements, preventing injuries and casualties, and wasting time and money.

Global IoT in Construction Market Dynamics

Trench collapse, falls, scaffold collapse, lack of adequate protective equipment, repetitive motion injuries, and other hazards may occur on construction sites. The use of smart wearable’s such as smart glasses, wearable cameras, protective vests, wearable, smart helmets, and other IoT devices in construction allows for real-time safety monitoring on the job site. Simultaneously, rapid technical advances, many upcoming construction ventures, and industry 4.0 are driving up demand for digital construction, which will positively affect the market's rising demand. Adoption of Building Information Modelling BIM stands for building a digital model of a project. Many construction managers use BIM software, which enables them to create a digital model of a project based on real-time construction and maintenance data. IoT is transforming construction by delivering a steady stream of relevant data that, when combined with BIM, can be shared with all stakeholders involved in the project and visually represented in a dashboard. Lowering the project's costs IoT devices assist site managers in keeping track of daily expenditures and monitoring construction resource efficiency by tracking supply and assets. The Internet of Things lowers project costs by ensuring that new equipment and other services arrive on time — This way, the entire team makes efficient use of its time, and the project manager does not have to extend the crew's contracts before the project is finished. Maintenance that is planned ahead of time Predictive maintenance technologies are used in construction to track the condition of heavy machineries such as lifts, excavators, and other machines. Company owners may spot performance problems early on and fix the equipment until it breaks down and causes project downtime by adding sensors to monitor fuel consumption or brake temperature to a computer.

Global IoT in Construction Market Segment Analysis

The Software segment is expected to grow at a faster CAGR of xx% over the forecast period as a result of increased investments by several companies in the production of software that can represent a variety of parameters. Furthermore, the segment's demand will be boosted by the increased adoption of analytics for improving decision-making processes. Triax Technologies, based in the United States, launched the Intrinsically Safe (IS) version of its IoT solution for use on construction sites in July 2020. During the COVID-19 pandemic, the IS version is available on the Spot-r network and Proximity Trace hardware devices, which include touch tracing and social distancing technologies on construction sites. Because of the increasing adoption of IoT in the application for real-time monitoring and machine control, the Remote Operations segment is expected to grow at a CAGR of xx% during the forecast period. Furthermore, the use of IoT in remote operations allows for the transmission of data from connected products and other properties, reducing outages, enabling wearable computing, and supporting operations in hazardous environments. Both of these factors would bolster the segment's expansion. Komatsu's construction will soon allow monitoring construction planning, management, schedule, costs, and process optimization remotely and in near real-time thanks to the company's upcoming Smart Construction technologies, which will harness the power of the Internet of Things. Komatsu's Smart Construction roadmap, which was unveiled at a special event at Booth N-10825 at CONEXPO-CON/AGG 2020 to help the digital transformation of its customers' workplaces, comprises 11 new technologies that will be available this year. Global IoT in Construction Market To know about the Research Methodology :- Request Free Sample Report

Global IoT in Construction Market Regional Insights

Global IoT in Construction Market In 2019, North America dominated the IoT in the construction industry with a market share of xx%, and this trend is expected to continue in the forecast period. The United States and Canada make up the North American region. North America's strong market share can be attributed to the region's numerous construction OEMs adopting IoT in their projects. Oracle Corporation, Caterpillar Inc., and CalAmp Corp. are a few of the IoT construction companies with headquarters in the city. The area is seeing increased investment in infrastructure and building projects, which is helping to drive IoT adoption in the North American construction industry. The market for the internet of things (IoT)-enabled industrial machinery and construction equipment was estimated to be worth about 900 billion Japanese yen in 2018. The market is expected to grow steadily until 2024 when it will hit a value of over 1.3 trillion yen.

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Global IoT in Construction Market

Global IoT in Construction Market, by Region

• North America • Europe • South America • MEA • Asia Pacific

Global IoT in Construction Market Key Players

• Caterpillar Inc. • Sigfox • Oracle • CalAmp Corp • Losant IoT • Giatec Scientific, Inc. • WorldSensing • Kore Wireless • Trimble Inc. • Autodesk Inc • Triax technologies • Trimble, Inc. • Pillar Technologies Inc. • AOMS Technologies • Topcon Corporation • Hilti Corporation
1.Preface 1.1. Market Definition and Key Research Objectives 1.2. Research Highlights 2. Assumptions and Research Methodology 2.1. Report Assumptions 2.2. Abbreviations 2.3. Research Methodology 2.3.1. Secondary Research 2.3.1.1. Secondary data 2.3.1.2. Secondary Sources 2.3.2. Primary Research 2.3.2.1. Data from Primary Sources 2.3.2.2. Breakdown of Primary Sources 3. Executive Summary: Global IoT in Construction Market Size, by Market Value (US$ Mn) 3.1. Global Market Segmentation 3.2. Global Market Segmentation Share Analysis, 2019 3.2.1. Global 3.2.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 3.3. Geographical Snapshot of the IoT in Construction Market 3.4. Geographical Snapshot of the IoT in Construction Market, By Manufacturer share 4. Global IoT in Construction Market Overview, 2019-2026 4.1. Market Dynamics 4.1.1. Drivers 4.1.1.1. Global 4.1.1.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 4.1.2. Restraints 4.1.2.1. Global 4.1.2.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 4.1.3. Opportunities 4.1.3.1. Global 4.1.3.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 4.1.4. Challenges 4.1.4.1. Global 4.1.4.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 4.1.5. Industry Trends and Emerging Technologies 4.1.6. Porters Five Forces Analysis 4.1.6.1. Threat of New Entrants 4.1.6.2. Bargaining Power of Buyers/Consumers 4.1.6.3. Bargaining Power of Suppliers 4.1.6.4. Threat of Substitute Products 4.1.6.5. Intensity of Competitive Rivalry 4.1.7. Value Chain Analysis 4.1.8. Technological Roadmap 4.1.9. Regulatory landscape 4.1.10. Impact of the Covid-19 Pandemic on the Global IoT in Construction Market 5. Supply Side and Demand Side Indicators 6. Global IoT in Construction Market Analysis and Forecast, 2019-2026 6.1. Global IoT in Construction Market Size & Y-o-Y Growth Analysis. 7. Global IoT in Construction Market Analysis and Forecasts, 2019-2026 7.1. Market Size (Value) Estimates & Forecast By Offering, 2019-2026 7.1.1. Hardware 7.1.2. Software 7.1.3. Services 7.2. Market Size (Value) Estimates & Forecast By Project Type, 2019-2026 7.2.1. Commercial 7.2.2. Residential 7.3. Market Size (Value) Estimates & Forecast By Application, 2019-2026 7.3.1. Remote Operations 7.3.2. Safety Management 7.3.3. Fleet Management 7.3.4. Predictive Maintenance 7.3.5. Others 8. Global IoT in Construction Market Analysis and Forecasts, By Region 8.1. Market Size (Value) Estimates & Forecast By Region, 2019-2026 8.1.1. North America 8.1.2. Europe 8.1.3. Asia-Pacific 8.1.4. Middle East & Africa 8.1.5. South America 9. North America IoT in Construction Market Analysis and Forecasts, 2019-2026 9.1. Market Size (Value) Estimates & Forecast By Offering, 2019-2026 9.1.1. Hardware 9.1.2. Software 9.1.3. Services 9.2. Market Size (Value) Estimates & Forecast By Project Type, 2019-2026 9.2.1. Commercial 9.2.2. Residential 9.3. Market Size (Value) Estimates & Forecast By Application, 2019-2026 9.3.1. Remote Operations 9.3.2. Safety Management 9.3.3. Fleet Management 9.3.4. Predictive Maintenance 9.3.5. Others 10. North America IoT in Construction Market Analysis and Forecasts, By Country 10.1. Market Size (Value) Estimates & Forecast By Country, 2019-2026 10.1.1. US 10.1.2. Canada 10.1.3. Mexico 11. U.S. IoT in Construction Market Analysis and Forecasts, 2019-2026 11.1. Market Size (Value) Estimates & Forecast By Offering, 2019-2026 11.2. Market Size (Value) Estimates & Forecast By Project Type, 2019-2026 11.3. Market Size (Value) Estimates & Forecast By Application, 2019-2026 12. Canada IoT in Construction Market Analysis and Forecasts, 2019-2026 12.1. Market Size (Value) Estimates & Forecast By Offering, 2019-2026 12.2. Market Size (Value) Estimates & Forecast By Project Type, 2019-2026 12.3. Market Size (Value) Estimates & Forecast By Application, 2019-2026 13. Mexico IoT in Construction Market Analysis and Forecasts, 2019-2026 13.1. Market Size (Value) Estimates & Forecast By Offering, 2019-2026 13.2. Market Size (Value) Estimates & Forecast By Project Type, 2019-2026 13.3. Market Size (Value) Estimates & Forecast By Application, 2019-2026 14. Europe IoT in Construction Market Analysis and Forecasts, 2019-2026 14.1. Market Size (Value) Estimates & Forecast By Offering, 2019-2026 14.2. Market Size (Value) Estimates & Forecast By Project Type, 2019-2026 14.3. Market Size (Value) Estimates & Forecast By Application, 2019-2026 15. Europe IoT in Construction Market Analysis and Forecasts, By Country 15.1. Market Size (Value) Estimates & Forecast By Country, 2019-2026 15.1.1. U.K 15.1.2. France 15.1.3. Germany 15.1.4. Italy 15.1.5. Spain 15.1.6. Sweden 15.1.7. CIS Countries 15.1.8. Rest of Europe 16. U.K. IoT in Construction Market Analysis and Forecasts, 2019-2026 16.1. Market Size (Value) Estimates & Forecast By Offering, 2019-2026 16.2. Market Size (Value) Estimates & Forecast By Project Type, 2019-2026 16.3. Market Size (Value) Estimates & Forecast By Application, 2019-2026 17. France IoT in Construction Market Analysis and Forecasts, 2019-2026 17.1. Market Size (Value) Estimates & Forecast By Offering, 2019-2026 17.2. Market Size (Value) Estimates & Forecast By Project Type, 2019-2026 17.3. Market Size (Value) Estimates & Forecast By Application, 2019-2026 18. Germany IoT in Construction Market Analysis and Forecasts, 2019-2026 18.1. Market Size (Value) Estimates & Forecast By Offering, 2019-2026 18.2. Market Size (Value) Estimates & Forecast By Project Type, 2019-2026 18.3. Market Size (Value) Estimates & Forecast By Application, 2019-2026 19. Italy IoT in Construction Market Analysis and Forecasts, 2019-2026 19.1. Market Size (Value) Estimates & Forecast By Offering, 2019-2026 19.2. Market Size (Value) Estimates & Forecast By Project Type, 2019-2026 19.3. Market Size (Value) Estimates & Forecast By Application, 2019-2026 20. Spain IoT in Construction Market Analysis and Forecasts, 2019-2026 20.1. Market Size (Value) Estimates & Forecast By Offering, 2019-2026 20.2. Market Size (Value) Estimates & Forecast By Project Type, 2019-2026 20.3. Market Size (Value) Estimates & Forecast By Application, 2019-2026 21. Sweden IoT in Construction Market Analysis and Forecasts, 2019-2026 21.1. Market Size (Value) Estimates & Forecast By Offering, 2019-2026 21.2. Market Size (Value) Estimates & Forecast By Project Type, 2019-2026 21.3. Market Size (Value) Estimates & Forecast By Application, 2019-2026 22. CIS Countries IoT in Construction Market Analysis and Forecasts, 2019-2026 22.1. Market Size (Value) Estimates & Forecast By Offering, 2019-2026 22.2. Market Size (Value) Estimates & Forecast By Project Type, 2019-2026 22.3. Market Size (Value) Estimates & Forecast By Application, 2019-2026 23. Rest of Europe IoT in Construction Market Analysis and Forecasts, 2019-2026 23.1. Market Size (Value) Estimates & Forecast By Offering, 2019-2026 23.2. Market Size (Value) Estimates & Forecast By Project Type, 2019-2026 23.3. Market Size (Value) Estimates & Forecast By Application, 2019-2026 24. Asia Pacific IoT in Construction Market Analysis and Forecasts, 2019-2026 24.1. Market Size (Value) Estimates & Forecast By Offering, 2019-2026 24.2. Market Size (Value) Estimates & Forecast By Project Type, 2019-2026 24.3. Market Size (Value) Estimates & Forecast By Application, 2019-2026 25. Asia Pacific IoT in Construction Market Analysis and Forecasts, by Country 25.1. Market Size (Value) Estimates & Forecast By Country, 2019-2026 25.1.1. China 25.1.2. India 25.1.3. Japan 25.1.4. South Korea 25.1.5. Australia 25.1.6. ASEAN 25.1.7. Rest of Asia Pacific 26. China IoT in Construction Market Analysis and Forecasts, 2019-2026 26.1. Market Size (Value) Estimates & Forecast By Offering, 2019-2026 26.2. Market Size (Value) Estimates & Forecast By Project Type, 2019-2026 26.3. Market Size (Value) Estimates & Forecast By Application, 2019-2026 27. India IoT in Construction Market Analysis and Forecasts, 2019-2026 27.1. Market Size (Value) Estimates & Forecast By Offering, 2019-2026 27.2. Market Size (Value) Estimates & Forecast By Project Type, 2019-2026 27.3. Market Size (Value) Estimates & Forecast By Application, 2019-2026 28. Japan IoT in Construction Market Analysis and Forecasts, 2019-2026 28.1. Market Size (Value) Estimates & Forecast By Offering, 2019-2026 28.2. Market Size (Value) Estimates & Forecast By Project Type, 2019-2026 28.3. Market Size (Value) Estimates & Forecast By Application, 2019-2026 29. South Korea IoT in Construction Market Analysis and Forecasts, 2019-2026 29.1. Market Size (Value) Estimates & Forecast By Offering, 2019-2026 29.2. Market Size (Value) Estimates & Forecast By Project Type, 2019-2026 29.3. Market Size (Value) Estimates & Forecast By Application, 2019-2026 30. Australia IoT in Construction Market Analysis and Forecasts, 2019-2026 30.1. Market Size (Value) Estimates & Forecast By Offering, 2019-2026 30.2. Market Size (Value) Estimates & Forecast By Project Type, 2019-2026 30.3. Market Size (Value) Estimates & Forecast By Application, 2019-2026 31. ASEAN IoT in Construction Market Analysis and Forecasts, 2019-2026 31.1. Market Size (Value) Estimates & Forecast By Offering, 2019-2026 31.2. Market Size (Value) Estimates & Forecast By Project Type, 2019-2026 31.3. Market Size (Value) Estimates & Forecast By Application, 2019-2026 32. Rest of Asia Pacific IoT in Construction Market Analysis and Forecasts, 2019-2026 32.1. Market Size (Value) Estimates & Forecast By Offering, 2019-2026 32.2. Market Size (Value) Estimates & Forecast By Project Type, 2019-2026 32.3. Market Size (Value) Estimates & Forecast By Application, 2019-2026 33. Middle East Africa IoT in Construction Market Analysis and Forecasts, 2019-2026 33.1. Market Size (Value) Estimates & Forecast By Offering, 2019-2026 33.2. Market Size (Value) Estimates & Forecast By Project Type, 2019-2026 33.3. Market Size (Value) Estimates & Forecast By Application, 2019-2026 34. Middle East Africa IoT in Construction Market Analysis and Forecasts, by Country 34.1. Market Size (Value) Estimates & Forecast by Country, 2019-2026 34.1.1. South Africa 34.1.2. GCC Countries 34.1.3. Egypt 34.1.4. Nigeria 34.1.5. Rest of ME&A 35. South Africa IoT in Construction Market Analysis and Forecasts, 2019-2026 35.1. Market Size (Value) Estimates & Forecast By Offering, 2019-2026 35.2. Market Size (Value) Estimates & Forecast By Project Type, 2019-2026 35.3. Market Size (Value) Estimates & Forecast By Application, 2019-2026 36. GCC Countries IoT in Construction Market Analysis and Forecasts, 2019-2026 36.1. Market Size (Value) Estimates & Forecast By Offering, 2019-2026 36.2. Market Size (Value) Estimates & Forecast By Project Type, 2019-2026 36.3. Market Size (Value) Estimates & Forecast By Application, 2019-2026 37. Egypt IoT in Construction Market Analysis and Forecasts, 2019-2026 37.1. Market Size (Value) Estimates & Forecast By Offering, 2019-2026 37.2. Market Size (Value) Estimates & Forecast By Project Type, 2019-2026 37.3. Market Size (Value) Estimates & Forecast By Application, 2019-2026 38. Nigeria IoT in Construction Market Analysis and Forecasts, 2019-2026 38.1. Market Size (Value) Estimates & Forecast By Offering, 2019-2026 38.2. Market Size (Value) Estimates & Forecast By Project Type, 2019-2026 38.3. Market Size (Value) Estimates & Forecast By Application, 2019-2026 39. Rest of ME&A IoT in Construction Market Analysis and Forecasts, 2019-2026 39.1. Market Size (Value) Estimates & Forecast By Offering, 2019-2026 39.2. Market Size (Value) Estimates & Forecast By Project Type, 2019-2026 39.3. Market Size (Value) Estimates & Forecast By Application, 2019-2026 40. South America IoT in Construction Market Analysis and Forecasts, 2019-2026 40.1. Market Size (Value) Estimates & Forecast By Offering, 2019-2026 40.2. Market Size (Value) Estimates & Forecast By Project Type, 2019-2026 40.3. Market Size (Value) Estimates & Forecast By Application, 2019-2026 41. South America IoT in Construction Market Analysis and Forecasts, by Country 41.1. Market Size (Value) Estimates & Forecast by Country, 2019-2026 41.1.1. Brazil 41.1.2. Argentina 41.1.3. Rest of South America 42. Brazil IoT in Construction Market Analysis and Forecasts, 2019-2026 42.1. Market Size (Value) Estimates & Forecast By Offering, 2019-2026 42.2. Market Size (Value) Estimates & Forecast By Project Type, 2019-2026 42.3. Market Size (Value) Estimates & Forecast By Application, 2019-2026 43. Argentina IoT in Construction Market Analysis and Forecasts, 2019-2026 43.1. Market Size (Value) Estimates & Forecast By Offering, 2019-2026 43.2. Market Size (Value) Estimates & Forecast By Project Type, 2019-2026 43.3. Market Size (Value) Estimates & Forecast By Application, 2019-2026 44. Rest of South America IoT in Construction Market Analysis and Forecasts, 2019-2026 44.1. Market Size (Value) Estimates & Forecast By Offering, 2019-2026 44.2. Market Size (Value) Estimates & Forecast By Project Type, 2019-2026 44.3. Market Size (Value) Estimates & Forecast By Application, 2019-2026 45. Competitive Landscape 45.1. Geographic Footprint of Major Players in the Global IoT in Construction Market 45.2. Competition Matrix 45.2.1. Competitive Benchmarking of Key Players By Price, Presence, Market Share, Applications and R&D Investment 45.2.2. New Product Launches and Product Enhancements 45.2.3. Market Consolidation 45.2.3.1. M&A by Regions, Investment and Verticals 45.2.3.2. M&A, Forward Integration and Backward Integration 45.2.3.3. Partnership, Joint Ventures and Strategic Alliances/ Sales Agreements 45.3. Company Profile : Key Players 45.3.1. Caterpillar 45.3.1.1. Company Overview 45.3.1.2. Financial Overview 45.3.1.3. Geographic Footprint 45.3.1.4. Product Portfolio 45.3.1.5. Business Strategy 45.3.1.6. Recent Developments 45.3.2. Sigfox 45.3.3. Oracle 45.3.4. CalAmp Corp 45.3.5. Losant IoT 45.3.6. Giatec Scientific, Inc. 45.3.7. WorldSensing 45.3.8. Kore Wireless 45.3.9. Trimble Inc. 45.3.10. Autodesk Inc 45.3.11. Triax technologies 45.3.12. Trimble, Inc. 45.3.13. Pillar Technologies Inc. 45.3.14. AOMS Technologies 45.3.15. Topcon Corporation 45.3.16. Hilti Corporation 45.3.17. Other Key Players 46. Primary Key Insights

About This Report

Report ID 100864
Category Engineering Equipment
Published Date May 2021
Updated Date
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