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IoT in Construction Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027

Market Overview:

The global IoT in construction market reached a value of US$ 8.45 Billion in 2021. Looking forward, IMARC Group expects the market to reach a value of US$ 18.59 Billion by 2027, exhibiting a CAGR of 13.20% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use sectors. These insights are included in the report as a major market contributor.

The internet of things (IoT) is a data network consisting of devices embedded with sensors, software, and technologies to connect and exchange data with other devices and systems over the internet. At present, the rates of fatal and non-fatal injuries among construction workers are high. As a result, IoT is increasingly being employed in the construction sector for optimal utilization of available resources with technological planning at low risks and minimal cost. IoT in construction automates hazard detection and safety monitoring of construction sites. It also helps businesses track employee movements and ensure that team members are working efficiently by equipping them with wearable technologies.

 

 
 

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IoT in Construction Market Trends:

Presently, the rising automation in the construction sector represents one of the key factors bolstering the growth of the market. Besides this, conventional concrete curing methods have several limitations, such as difficulties supervising and controlling the required environmental moisture and temperature conditions. However, IoT devices enable data recording and concrete curing operations to occur automatically, thereby saving time and effort. These devices monitor air temperature, humidity, wind speed, and concrete temperature and moisture content. In addition, a water pump is installed within machines for the spraying of curing water when required, which is strengthening the market growth. Moreover, IoT devices are used during construction activities, such as plastering, surveying, bricklaying, asset tracking, worker tracking, risk management and construction site management. This, coupled with the increasing construction activities around the world, is positively influencing the market. Furthermore, the rising adoption of unmanned aerial vehicles (UAVs) and autonomous vehicles in the construction sector for the monitoring and surveillance of construction projects is projected to facilitate the growth of the market.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the global IoT in construction market, along with forecasts at the global, regional and country level from 2022-2027. Our report has categorized the market based on components, application and end user.

Breakup by Components:

 

 
 

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  • Hardware
  • Software
  • Services
     

Breakup by Application:

  • Asset Monitoring
  • Predictive Maintenance
  • Fleet management
  • Wearables
  • Others
     

Breakup by End User:

  • Residential
  • Non-Residential
     

Breakup by Region:

 

 
 

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  • North America
    • United States
    • Canada
  • Asia-Pacific
    • China
    • Japan
    • India
    • South Korea
    • Australia
    • Indonesia
    • Others
  • Europe
    • Germany
    • France
    • United Kingdom
    • Italy
    • Spain
    • Russia
    • Others
  • Latin America
    • Brazil
    • Mexico
    • Others
  • Middle East and Africa
     

Competitive Landscape:

The competitive landscape of the industry has also been examined along with the profiles of the key players being Autodesk Inc., CalAmp, Ferrovial S.A., Giatec Scientific Inc., Hilti Corporation, International Business Machines Corporation, Oracle Corporation, Procore Technologies Inc., Sigfox, Topcon Corporation, Trimble Inc. and WakeCap Technologies.

Report Coverage:

Report Features Details
Base Year of the Analysis 2021
    Historical Period 2016-2021
Forecast Period 2022-2027
Units US$ Billion
Segment Coverage Components, Application, End User, Region
Region Covered  Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Countries Covered United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
Companies Covered Autodesk Inc., CalAmp, Ferrovial S.A., Giatec Scientific Inc., Hilti Corporation, International Business Machines Corporation, Oracle Corporation, Procore Technologies Inc., Sigfox, Topcon Corporation, Trimble Inc. and WakeCap Technologies.
Customization Scope 10% Free Customization
Report Price and Purchase Option Single User License: US$ 2499
Five User License: US$ 3499
Corporate License: US$ 4499
Post-Sale Analyst Support 10-12 Weeks
Delivery Format PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

 

Key Questions Answered in This Report:

  • How has the global IoT in construction market performed so far and how will it perform in the coming years?
  • What has been the impact of COVID-19 on the global IoT in construction market?
  • What are the key regional markets?
  • What is the breakup of the market based on the components?
  • What is the breakup of the market based on the application?
  • What is the breakup of the market based on the end user?
  • What are the various stages in the value chain of the industry?
  • What are the key driving factors and challenges in the industry?
  • What is the structure of the global IoT in construction market and who are the key players?
  • What is the degree of competition in the industry?

1    Preface
2    Scope and Methodology
    2.1    Objectives of the Study
    2.2    Stakeholders
    2.3    Data Sources
        2.3.1    Primary Sources
        2.3.2    Secondary Sources
    2.4    Market Estimation
        2.4.1    Bottom-Up Approach
        2.4.2    Top-Down Approach
    2.5    Forecasting Methodology
3    Executive Summary
4    Introduction
    4.1    Overview
    4.2    Key Industry Trends
5    Global IoT in Construction Market
    5.1    Market Overview
    5.2    Market Performance
    5.3    Impact of COVID-19
    5.4    Market Forecast
6    Market Breakup by Components
    6.1    Hardware
        6.1.1 Market Trends
        6.1.2 Market Forecast
    6.2    Software
        6.2.1 Market Trends
        6.2.2 Market Forecast
    6.3    Services
        6.3.1 Market Trends
        6.3.2 Market Forecast
7    Market Breakup by Application
    7.1    Asset Monitoring
        7.1.1 Market Trends
        7.1.2 Market Forecast
    7.2    Predictive Maintenance
        7.2.1 Market Trends
        7.2.2 Market Forecast
    7.3    Fleet management
        7.3.1 Market Trends
        7.3.2 Market Forecast
    7.4    Wearables
        7.4.1 Market Trends
        7.4.2 Market Forecast
    7.5    Others
        7.5.1 Market Trends
        7.5.2 Market Forecast
8    Market Breakup by End User
    8.1    Residential
        8.1.1 Market Trends
        8.1.2 Market Forecast
    8.2    Non-Residential
        8.2.1 Market Trends
        8.2.2 Market Forecast
9    Market Breakup by Region
    9.1    North America
        9.1.1 United States
           9.1.1.1 Market Trends
           9.1.1.2 Market Forecast
        9.1.2 Canada
           9.1.2.1 Market Trends
           9.1.2.2 Market Forecast
    9.2    Asia-Pacific
        9.2.1 China
           9.2.1.1 Market Trends
           9.2.1.2 Market Forecast
        9.2.2 Japan
           9.2.2.1 Market Trends
           9.2.2.2 Market Forecast
        9.2.3 India
           9.2.3.1 Market Trends
           9.2.3.2 Market Forecast
        9.2.4 South Korea
           9.2.4.1 Market Trends
           9.2.4.2 Market Forecast
        9.2.5 Australia
           9.2.5.1 Market Trends
           9.2.5.2 Market Forecast
        9.2.6 Indonesia
           9.2.6.1 Market Trends
           9.2.6.2 Market Forecast
        9.2.7 Others
           9.2.7.1 Market Trends
           9.2.7.2 Market Forecast
    9.3    Europe
        9.3.1 Germany
           9.3.1.1 Market Trends
           9.3.1.2 Market Forecast
        9.3.2 France
           9.3.2.1 Market Trends
           9.3.2.2 Market Forecast
        9.3.3 United Kingdom
           9.3.3.1 Market Trends
           9.3.3.2 Market Forecast
        9.3.4 Italy
           9.3.4.1 Market Trends
           9.3.4.2 Market Forecast
        9.3.5 Spain
           9.3.5.1 Market Trends
           9.3.5.2 Market Forecast
        9.3.6 Russia
           9.3.6.1 Market Trends
           9.3.6.2 Market Forecast
        9.3.7 Others
           9.3.7.1 Market Trends
           9.3.7.2 Market Forecast
    9.4    Latin America
        9.4.1 Brazil
           9.4.1.1 Market Trends
           9.4.1.2 Market Forecast
        9.4.2 Mexico
           9.4.2.1 Market Trends
           9.4.2.2 Market Forecast
        9.4.3 Others
           9.4.3.1 Market Trends
           9.4.3.2 Market Forecast
    9.5    Middle East and Africa
        9.5.1 Market Trends
        9.5.2 Market Breakup by Country
        9.5.3 Market Forecast
10    SWOT Analysis
    10.1    Overview
    10.2    Strengths
    10.3    Weaknesses
    10.4    Opportunities
    10.5    Threats
11    Value Chain Analysis
12    Porters Five Forces Analysis
    12.1    Overview
    12.2    Bargaining Power of Buyers
    12.3    Bargaining Power of Suppliers
    12.4    Degree of Competition
    12.5    Threat of New Entrants
    12.6    Threat of Substitutes
13    Price Analysis
14    Competitive Landscape
    14.1    Market Structure
    14.2    Key Players
    14.3    Profiles of Key Players
        14.3.1    Autodesk Inc.
           14.3.1.1 Company Overview
           14.3.1.2 Product Portfolio
           14.3.1.3 Financials
           14.3.1.4 SWOT Analysis
        14.3.2    CalAmp
           14.3.2.1 Company Overview
           14.3.2.2 Product Portfolio
           14.3.2.3 Financials
           14.3.2.4 SWOT Analysis
        14.3.3    Ferrovial S.A.
           14.3.3.1 Company Overview
           14.3.3.2 Product Portfolio
        14.3.4    Giatec Scientific Inc.
           14.3.4.1 Company Overview
           14.3.4.2 Product Portfolio
        14.3.5    Hilti Corporation
           14.3.5.1 Company Overview
           14.3.5.2 Product Portfolio
           14.3.5.3 SWOT Analysis
        14.3.6    International Business Machines Corporation
           14.3.6.1 Company Overview
           14.3.6.2 Product Portfolio
           14.3.6.3 Financials
           14.3.6.4 SWOT Analysis
        14.3.7    Oracle Corporation
           14.3.7.1 Company Overview
           14.3.7.2 Product Portfolio
           14.3.7.3 Financials
           14.3.7.4 SWOT Analysis
        14.3.8    Procore Technologies Inc.
           14.3.8.1 Company Overview
           14.3.8.2 Product Portfolio
           14.3.8.3 Financials
        14.3.9    Sigfox
           14.3.9.1 Company Overview
           14.3.9.2 Product Portfolio
        14.3.10    Topcon Corporation
           14.3.10.1 Company Overview
           14.3.10.2 Product Portfolio
           14.3.10.3 Financials
           14.3.10.4 SWOT Analysis
        14.3.11    Trimble Inc.
           14.3.11.1 Company Overview
           14.3.11.2 Product Portfolio
           14.3.11.3 Financials
           14.3.11.4 SWOT Analysis
        14.3.12    WakeCap Technologies
           14.3.12.1 Company Overview
           14.3.12.2 Product Portfolio

List of Figures

Figure 1: Global: IoT in Construction Market: Major Drivers and Challenges
Figure 2: Global: IoT in Construction Market: Sales Value (in Billion US$), 2016-2021
Figure 3: Global: IoT in Construction Market Forecast: Sales Value (in Billion US$), 2022-2027
Figure 4: Global: IoT in Construction Market: Breakup by Components (in %), 2021
Figure 5: Global: IoT in Construction Market: Breakup by Application (in %), 2021
Figure 6: Global: IoT in Construction Market: Breakup by End User (in %), 2021
Figure 7: Global: IoT in Construction Market: Breakup by Region (in %), 2021
Figure 8: Global: IoT in Construction (Hardware) Market: Sales Value (in Million US$), 2016 & 2021
Figure 9: Global: IoT in Construction (Hardware) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 10: Global: IoT in Construction (Software) Market: Sales Value (in Million US$), 2016 & 2021
Figure 11: Global: IoT in Construction (Software) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 12: Global: IoT in Construction (Services) Market: Sales Value (in Million US$), 2016 & 2021
Figure 13: Global: IoT in Construction (Services) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 14: Global: IoT in Construction (Asset Monitoring) Market: Sales Value (in Million US$), 2016 & 2021
Figure 15: Global: IoT in Construction (Asset Monitoring) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 16: Global: IoT in Construction (Predictive Maintenance) Market: Sales Value (in Million US$), 2016 & 2021
Figure 17: Global: IoT in Construction (Predictive Maintenance) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 18: Global: IoT in Construction (Fleet management) Market: Sales Value (in Million US$), 2016 & 2021
Figure 19: Global: IoT in Construction (Fleet management) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 20: Global: IoT in Construction (Wearables) Market: Sales Value (in Million US$), 2016 & 2021
Figure 21: Global: IoT in Construction (Wearables) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 22: Global: IoT in Construction (Other Applications) Market: Sales Value (in Million US$), 2016 & 2021
Figure 23: Global: IoT in Construction (Other Applications) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 24: Global: IoT in Construction (Residential) Market: Sales Value (in Million US$), 2016 & 2021
Figure 25: Global: IoT in Construction (Residential) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 26: Global: IoT in Construction (Non-Residential) Market: Sales Value (in Million US$), 2016 & 2021
Figure 27: Global: IoT in Construction (Non-Residential) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 28: North America: IoT in Construction Market: Sales Value (in Million US$), 2016 & 2021
Figure 29: North America: IoT in Construction Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 30: United States: IoT in Construction Market: Sales Value (in Million US$), 2016 & 2021
Figure 31: United States: IoT in Construction Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 32: Canada: IoT in Construction Market: Sales Value (in Million US$), 2016 & 2021
Figure 33: Canada: IoT in Construction Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 34: Asia-Pacific: IoT in Construction Market: Sales Value (in Million US$), 2016 & 2021
Figure 35: Asia-Pacific: IoT in Construction Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 36: China: IoT in Construction Market: Sales Value (in Million US$), 2016 & 2021
Figure 37: China: IoT in Construction Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 38: Japan: IoT in Construction Market: Sales Value (in Million US$), 2016 & 2021
Figure 39: Japan: IoT in Construction Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 40: India: IoT in Construction Market: Sales Value (in Million US$), 2016 & 2021
Figure 41: India: IoT in Construction Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 42: South Korea: IoT in Construction Market: Sales Value (in Million US$), 2016 & 2021
Figure 43: South Korea: IoT in Construction Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 44: Australia: IoT in Construction Market: Sales Value (in Million US$), 2016 & 2021
Figure 45: Australia: IoT in Construction Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 46: Indonesia: IoT in Construction Market: Sales Value (in Million US$), 2016 & 2021
Figure 47: Indonesia: IoT in Construction Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 48: Others: IoT in Construction Market: Sales Value (in Million US$), 2016 & 2021
Figure 49: Others: IoT in Construction Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 50: Europe: IoT in Construction Market: Sales Value (in Million US$), 2016 & 2021
Figure 51: Europe: IoT in Construction Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 52: Germany: IoT in Construction Market: Sales Value (in Million US$), 2016 & 2021
Figure 53: Germany: IoT in Construction Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 54: France: IoT in Construction Market: Sales Value (in Million US$), 2016 & 2021
Figure 55: France: IoT in Construction Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 56: United Kingdom: IoT in Construction Market: Sales Value (in Million US$), 2016 & 2021
Figure 57: United Kingdom: IoT in Construction Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 58: Italy: IoT in Construction Market: Sales Value (in Million US$), 2016 & 2021
Figure 59: Italy: IoT in Construction Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 60: Spain: IoT in Construction Market: Sales Value (in Million US$), 2016 & 2021
Figure 61: Spain: IoT in Construction Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 62: Russia: IoT in Construction Market: Sales Value (in Million US$), 2016 & 2021
Figure 63: Russia: IoT in Construction Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 64: Others: IoT in Construction Market: Sales Value (in Million US$), 2016 & 2021
Figure 65: Others: IoT in Construction Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 66: Latin America: IoT in Construction Market: Sales Value (in Million US$), 2016 & 2021
Figure 67: Latin America: IoT in Construction Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 68: Brazil: IoT in Construction Market: Sales Value (in Million US$), 2016 & 2021
Figure 69: Brazil: IoT in Construction Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 70: Mexico: IoT in Construction Market: Sales Value (in Million US$), 2016 & 2021
Figure 71: Mexico: IoT in Construction Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 72: Others: IoT in Construction Market: Sales Value (in Million US$), 2016 & 2021
Figure 73: Others: IoT in Construction Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 74: Middle East and Africa: IoT in Construction Market: Sales Value (in Million US$), 2016 & 2021
Figure 75: Middle East and Africa: IoT in Construction Market: Breakup by Country (in %), 2021
Figure 76: Middle East and Africa: IoT in Construction Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 77: Global: IoT in Construction Industry: SWOT Analysis
Figure 78: Global: IoT in Construction Industry: Value Chain Analysis
Figure 79: Global: IoT in Construction Industry: Porter's Five Forces Analysis

List of Tables

Table 1: Global: IoT in Construction Market: Key Industry Highlights, 2021 and 2027
Table 2: Global: IoT in Construction Market Forecast: Breakup by Components (in Million US$), 2022-2027
Table 3: Global: IoT in Construction Market Forecast: Breakup by Application (in Million US$), 2022-2027
Table 4: Global: IoT in Construction Market Forecast: Breakup by End User (in Million US$), 2022-2027
Table 5: Global: IoT in Construction Market Forecast: Breakup by Region (in Million US$), 2022-2027
Table 6: Global: IoT in Construction Market: Competitive Structure
Table 7: Global: IoT in Construction Market: Key Players


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