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IoT in Construction Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

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    Report

  • 143 Pages
  • February 2023
  • Region: Global
  • IMARC Group
  • ID: 5753224

The global IoT in construction market size reached US$ 9.8 Billion in 2022. Looking forward, IMARC Group expects the market to reach a value of US$ 20.9 Billion by 2028, exhibiting a CAGR of 13.45% during 2022-2028.


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.


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:
The analyst provides an analysis of the key trends in each sub-segment of the global IoT in construction market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on components, application and end user.


Breakup by Components:


  • Hardware
  • Software
  • Services

Breakup by Application:


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

Breakup by End User:


  • Residential
  • Non-Residential
  • Breakup by Region:
  • 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.


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?

Table of Contents

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$), 2017-2022
Figure 3: Global: IoT in Construction Market Forecast: Sales Value (in Billion US$), 2023-2028
Figure 4: Global: IoT in Construction Market: Breakup by Components (in %), 2022
Figure 5: Global: IoT in Construction Market: Breakup by Application (in %), 2022
Figure 6: Global: IoT in Construction Market: Breakup by End User (in %), 2022
Figure 7: Global: IoT in Construction Market: Breakup by Region (in %), 2022
Figure 8: Global: IoT in Construction (Hardware) Market: Sales Value (in Million US$), 2017 & 2022
Figure 9: Global: IoT in Construction (Hardware) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 10: Global: IoT in Construction (Software) Market: Sales Value (in Million US$), 2017 & 2022
Figure 11: Global: IoT in Construction (Software) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 12: Global: IoT in Construction (Services) Market: Sales Value (in Million US$), 2017 & 2022
Figure 13: Global: IoT in Construction (Services) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 14: Global: IoT in Construction (Asset Monitoring) Market: Sales Value (in Million US$), 2017 & 2022
Figure 15: Global: IoT in Construction (Asset Monitoring) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 16: Global: IoT in Construction (Predictive Maintenance) Market: Sales Value (in Million US$), 2017 & 2022
Figure 17: Global: IoT in Construction (Predictive Maintenance) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 18: Global: IoT in Construction (Fleet management) Market: Sales Value (in Million US$), 2017 & 2022
Figure 19: Global: IoT in Construction (Fleet management) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 20: Global: IoT in Construction (Wearables) Market: Sales Value (in Million US$), 2017 & 2022
Figure 21: Global: IoT in Construction (Wearables) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 22: Global: IoT in Construction (Other Applications) Market: Sales Value (in Million US$), 2017 & 2022
Figure 23: Global: IoT in Construction (Other Applications) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 24: Global: IoT in Construction (Residential) Market: Sales Value (in Million US$), 2017 & 2022
Figure 25: Global: IoT in Construction (Residential) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 26: Global: IoT in Construction (Non-Residential) Market: Sales Value (in Million US$), 2017 & 2022
Figure 27: Global: IoT in Construction (Non-Residential) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 28: North America: IoT in Construction Market: Sales Value (in Million US$), 2017 & 2022
Figure 29: North America: IoT in Construction Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 30: United States: IoT in Construction Market: Sales Value (in Million US$), 2017 & 2022
Figure 31: United States: IoT in Construction Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 32: Canada: IoT in Construction Market: Sales Value (in Million US$), 2017 & 2022
Figure 33: Canada: IoT in Construction Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 34: Asia-Pacific: IoT in Construction Market: Sales Value (in Million US$), 2017 & 2022
Figure 35: Asia-Pacific: IoT in Construction Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 36: China: IoT in Construction Market: Sales Value (in Million US$), 2017 & 2022
Figure 37: China: IoT in Construction Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 38: Japan: IoT in Construction Market: Sales Value (in Million US$), 2017 & 2022
Figure 39: Japan: IoT in Construction Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 40: India: IoT in Construction Market: Sales Value (in Million US$), 2017 & 2022
Figure 41: India: IoT in Construction Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 42: South Korea: IoT in Construction Market: Sales Value (in Million US$), 2017 & 2022
Figure 43: South Korea: IoT in Construction Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 44: Australia: IoT in Construction Market: Sales Value (in Million US$), 2017 & 2022
Figure 45: Australia: IoT in Construction Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 46: Indonesia: IoT in Construction Market: Sales Value (in Million US$), 2017 & 2022
Figure 47: Indonesia: IoT in Construction Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 48: Others: IoT in Construction Market: Sales Value (in Million US$), 2017 & 2022
Figure 49: Others: IoT in Construction Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 50: Europe: IoT in Construction Market: Sales Value (in Million US$), 2017 & 2022
Figure 51: Europe: IoT in Construction Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 52: Germany: IoT in Construction Market: Sales Value (in Million US$), 2017 & 2022
Figure 53: Germany: IoT in Construction Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 54: France: IoT in Construction Market: Sales Value (in Million US$), 2017 & 2022
Figure 55: France: IoT in Construction Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 56: United Kingdom: IoT in Construction Market: Sales Value (in Million US$), 2017 & 2022
Figure 57: United Kingdom: IoT in Construction Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 58: Italy: IoT in Construction Market: Sales Value (in Million US$), 2017 & 2022
Figure 59: Italy: IoT in Construction Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 60: Spain: IoT in Construction Market: Sales Value (in Million US$), 2017 & 2022
Figure 61: Spain: IoT in Construction Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 62: Russia: IoT in Construction Market: Sales Value (in Million US$), 2017 & 2022
Figure 63: Russia: IoT in Construction Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 64: Others: IoT in Construction Market: Sales Value (in Million US$), 2017 & 2022
Figure 65: Others: IoT in Construction Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 66: Latin America: IoT in Construction Market: Sales Value (in Million US$), 2017 & 2022
Figure 67: Latin America: IoT in Construction Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 68: Brazil: IoT in Construction Market: Sales Value (in Million US$), 2017 & 2022
Figure 69: Brazil: IoT in Construction Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 70: Mexico: IoT in Construction Market: Sales Value (in Million US$), 2017 & 2022
Figure 71: Mexico: IoT in Construction Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 72: Others: IoT in Construction Market: Sales Value (in Million US$), 2017 & 2022
Figure 73: Others: IoT in Construction Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 74: Middle East and Africa: IoT in Construction Market: Sales Value (in Million US$), 2017 & 2022
Figure 75: Middle East and Africa: IoT in Construction Market: Breakup by Country (in %), 2022
Figure 76: Middle East and Africa: IoT in Construction Market Forecast: Sales Value (in Million US$), 2023-2028
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, 2022 and 2028
Table 2: Global: IoT in Construction Market Forecast: Breakup by Components (in Million US$), 2023-2028
Table 3: Global: IoT in Construction Market Forecast: Breakup by Application (in Million US$), 2023-2028
Table 4: Global: IoT in Construction Market Forecast: Breakup by End User (in Million US$), 2023-2028
Table 5: Global: IoT in Construction Market Forecast: Breakup by Region (in Million US$), 2023-2028
Table 6: Global: IoT in Construction Market: Competitive Structure
Table 7: Global: IoT in Construction Market: Key Players


Companies Mentioned

  • 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

Methodology

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