Construction 4.0 Market Analysis

The market is segmented by technology into IoT, industrial robots, artificial intelligence, and others, out of which, the IoT segment is anticipated to hold the largest share and witness the highest growth in the global construction 4.0 market on account of the high potential of IoT to reduce different types of accidents and its effectiveness to collect job site data in a more efficient and affordable way. Additionally, on the basis of solution, the segment for software is evaluated to observe a significant CAGR over the forecast period in view of the growing deployment of construction 4.0 software in developed economies as it helps to decrease schedule risk, save time, maintain accuracy and avoid repetitive work at construction sites.

Our in-depth analysis of the global construction 4.0 market includes the following segments

By Solution

Hardware
Software
Services

By Technology

IoT
Industrial Robots
Artificial Intelligence
Others

By Application

Asset Monitoring
Predictive Maintenance
Fleet Management
Wearables
Others

Frequently Asked Questions (FAQ)

In the year 2024, the industry size of construction 4.0 is evaluated at USD 16.68 billion.

Construction 4.0 Market size was valued at USD 14.61 billion in 2023 and is expected to exceed USD 121.55 billion by 2036, expanding at over 17.7% CAGR during the forecast period i.e., between 2024-2036. The market growth is driven by growing urban population worldwide and increasing number of construction and residential activities.

Asia Pacific is expected to dominate majority revenue share by 2036, on the back of increasing demand for construction 4.0 in emerging economies such as India, Vietnam and Indonesia, and rising government expenditure on infrastructural activities.

The major players in the market are ABB Ltd., Advanced Opto-Mechanical Systems and Technologies Inc., Hexagon AB, Autodesk Inc., and others.

Construction 4.0 Market Analysis