IoT in Construction Market Size, Analysis, Competitive Strategies and Forecasts to 2027

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The IoT in Construction Market report upholds the future market predictions related to IoT in Construction market size, revenue, production, Consumption, gross margin and other substantial factors. It also examines the role of the prominent IoT in Construction market players involved in the industry including their corporate overview. While emphasizing the key driving factors for IoT in Construction market, the report also offers a full study of the future trends and developments of the market.

Global IoT in Construction Market is valued approximately USD 7.8 billion in 2019 and is anticipated to grow with a healthy growth rate of more than 16.5% over the forecast period 2020-2027. IoT in construction is extensively used in safety management, fleet management, predictive maintenance applications, and remote operations. Using a variety of IoT technologies, such as LIDAR (Light Detection and Ranging) and GNSS (Global Navigation Satellite System), machine control, automatically modifies heavy construction equipment to perfectly grade, drill or pile large areas. The IoT is mainly used in the construction sector to streamline processes, increase workers safety, and reduce waste, which leads to save time and money

This report has keen to several extents of analysis - industry research (global industry trends) and IoT in Construction market share analysis of topmost companies, along with company profiles, and which cooperatively include about the ultimate views regarding the IoT in Construction market landscape, emerging and an evolutionary segments of IoT in Construction market.

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In the construction sector, the IoT is often referred as telematics. The IoT or telematics, allows the engineers to keep up to date on critical assessment information about their equipment, including the speed of idling, GPS tracking, and tire pressure. Therefore, these factors are strengthening the market growth around the world. Furthermore, growing construction industry due to rapid urbanization in developing countries, along with increasing productivity and safety with the advent of IoT on the construction site are the few other factors accelerating the adoption IoT in construction industry. According to the International Construction Market Survey, the growth rate of construction industry globally in 2017 was estimated nearly 3.5% and it grew to almost 3.9% in 2018

IoT in Construction Market forecasting derived from in-depth understanding attained from future market spending patterns provides enumerated insight to support your decision-making process. Our market forecasting is based on a market model derived from market connectivity, dynamics, and identified persuasive factors around which conventions about the market are made. These conventions are enlightened by fact-bases, put by primary and secondary research instruments, regressive analysis and an extensive connect with industry people.

Similarly, as per the report of the European Construction Industry Federation (FIEC) 2017, it is estimated that construction activity in entire Europe grew by 2.2% in 2016 (that reaches approximately USD 1,418 billion) compared to 2015, which holds about USD 1385 billion. This, in turn, is expected to create a higher demand for IoT in construction sector. The outbreak of COVID-19 having a massive impact on construction projects as several countries are under lockdown, therefore the work is expected to halt for short-term. Also, the contractors have to face disruption in supply chains, shortage of material and subcontractors, as well as the termination of contracts to control expenses, due to which the demand for IoT-enabled construction equipment is declined and have major negative impact on the market growth. However, high initial cost of deploying IoT-enabled construction equipment impedes the growth of the market over the forecast period of 2020-2027.

Major Companies covered in  IoT in Construction market report are: Caterpillar Inc., Autodesk, Inc., Trimble Inc., Oracle Corporation, KORE Wireless Group, Worldsensing, Giatec Scientific Inc., Losant IoT, Inc., CalAmp Corp., Hitachi, Ltd.

The report IoT in Construction market is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Besides, the IoT in Construction market report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Moreover, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players.

A Pin-point overview of TOC of IoT in Construction Market are:

Overview and Scope of IoT in Construction Market

  • Research goal & scope
  • Research assumptions
  • Research Methodology
  • Key take-away
  • Stakeholders
  • Market Segmentation

IoT in Construction Market Insights

  • Industry snapshot
  • Regulatory Framework
  • IoT in Construction Market Dynamics
  • IoT in Construction Market Forces
  • IoT in Construction Market Driver Analysis
  • IoT in Construction Market Restraint/Challenges analysis
  • IoT in Construction Market Opportunity Analysis
  • Factors Influencing Development of IoT in Construction Market
  • Driving Forces and Market Opportunities
  • Threats and Challenges in IoT in Construction industry
  • Forecast on IoT in Construction Market Size
  • Forecast on IoT in Construction Market Trend

Industry analysis - Porter's Five Force

  • IoT in Construction Market PEST Analysis
  • IoT in Construction Market Value Chain Analysis
  • IoT in Construction Industry Trends
  • Company Market Share Analysis

Company Profiles

  • Overview
  • Product Benchmarking
  • Recent Developments and Technological Advancement

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