The Construction 4.0 Market size is expected to grow from USD 13.75 Billion in 2022 to USD 46.18 Billion by 2030, at a CAGR of 16.35% during the forecast period.
The term "construction 4.0" refers to the result of the fourth industrial revolution, or "IR 4.0," which was first introduced and gained the attention of leaders in the construction industry by utilizing contemporary technologies and digital tools for a variety of purposes, including coordination, communication, and collaboration with the aim of delivering a sustainably built environment. A new idea known as Construction 4.0 is the result of this shift of the construction industry towards a higher degree of digitization.
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Key Players for the Global Construction 4.0 Market
ABB Ltd (Switzerland), Autodesk Inc (US), HMS Networks (Sweden), Oracle Corporation (US), Hexagon AB (Sweden), CalAmp (US), Topcon Corporation (Japan), Hilti Corp (Liechtenstein), Trimble Inc. (US), Arkance Systems (France), Brickeye (Canada) and Other Key Players
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Segmentation Analysis of the Construction 4.0 Market
By Solution
- Hardware
- Software
- Services
By Technology
- IoT
- Artificial Intelligence (AI)
- Automated & Robotic Equipment
- Others
By Application
- Asset Monitoring
- Predictive Maintenance
- Fleet Management
- Others
By End User
- Residential
- Non-residential
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Regional Analysis Of Construction 4.0 Market
With the biggest share over the last few years, the North American market is the most dominating in terms of Global Construction 4.0. By 2020, North America's construction sector as a whole will be worth USD 2 trillion, and the area will account for more than 25% of the global market for Construction 4.0 technologies. Due to ongoing technological advancements, substantial capital accumulation, financial support from each nation's government, and—most importantly—the developed economies in North America's growing demand for infrastructure development, the region is also expanding at a rapid pace.
By Region
- North America (US, Canada, Mexico)
- Eastern Europe (Bulgaria, The Czech Republic, Hungary, Poland, Romania, Rest of Eastern Europe)
- Western Europe (Germany, UK, France, Netherlands, Italy, Russia, Spain, Rest of Western Europe)
- Asia Pacific (China, India, Japan, South Korea, Malaysia, Thailand, Vietnam, The Philippines, Australia, New Zealand, Rest of APAC)
- Middle East & Africa (Turkey, Bahrain, Kuwait, Saudi Arabia, Qatar, UAE, Israel, South Africa)
- South America (Brazil, Argentina, Rest of SA)
Key Industry Developments in the Global Construction 4.0 Market
In March 2022, Autodesk, Inc. launched Bridge, a new collaboration capability that empowers construction teams with the facility to share only relevant data with project stakeholders, whether they are on the same team or building project within Autodesk Construction Cloud. The latest Bridge gives teams control over their respective project data sets by allowing them to share select sheets, folders and files with collaborators without having to share all project information with them.
In August 2022, Arkance (A subsidiary of MONNOYEUR) acquired HungaroCAD, a major player in the digitalization of Building Construction and Manufacturing industries based in Hungary. Arkance with the acquisition completes its portfolio of solutions and further strengthens its position in the distribution of CAD and BIM technologies across countries of Europe and Turkey. Arkance Systems has its position within Europe as a Platinum Autodesk partner with its presence in Benelux, France, Poland, Czech Republic, Slovakia, Turkey, Finland and Hungary.
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