PUBLISHER: Grand View Research | PRODUCT CODE: 1554010
PUBLISHER: Grand View Research | PRODUCT CODE: 1554010
IoT In Construction Market Size, Share & Trends Analysis Report By Component (Hardware, Software), By Application (Asset Monitoring, Fleet Management), By End-use (Commercial, Residential), By Region, And Segment Forecasts, 2024 - 2030
IoT In Construction Market Size & Trends:
The global IoT in construction market size was estimated at USD 11.46 billion in 2023 and is expected to grow at a CAGR of 16.2% from 2024 to 2030. The increasing demand for enhanced operational efficiency and productivity on construction sites is driving market growth. IoT technologies facilitate real-time monitoring and management of equipment, materials, and workforce, leading to reduced downtime and optimized resource utilization. Additionally, the growing emphasis on worker safety and regulatory compliance is propelling the adoption of IoT solutions that provide real-time alerts and predictive maintenance capabilities, which is expected to fuel market growth in the coming years.
The proliferation of IoT devices in construction has led to the generation of vast amounts of data. This data can be analyzed to gain insights into various aspects of construction projects, such as project timelines, resource utilization, and cost management. Advanced analytics and machine learning algorithms can predict potential issues and provide actionable recommendations, enabling construction managers to make informed decisions. This trend of data-driven decision-making enhances project planning, reduces risks, and improves overall project outcomes and is propelling the adoption of IoT technologies in construction, making the market more dynamic and competitive.
In addition, the rise of smart cities and sustainable construction practices is contributing to the market's growth, as IoT technologies play a crucial role in achieving energy efficiency and environmental sustainability in construction projects. Smart cities rely on interconnected systems and infrastructure that IoT devices enable, providing real-time data and analytics to optimize urban planning, traffic management, and public services. In the realm of sustainable construction, IoT technologies facilitate the monitoring and management of energy consumption, water usage, and waste production.
Furthermore, IoT technology is revolutionizing safety standards in construction by providing real-time data and insights into potential hazards. Wearable devices equipped with IoT sensors can monitor workers' health and alert supervisors to any unsafe conditions or practices. Additionally, IoT-enabled drones and cameras can survey construction sites, identifying safety risks and ensuring compliance with safety regulations. By proactively addressing safety concerns, construction firms can reduce accidents and enhance worker well-being, contributing to a safer work environment.
Moreover, the construction industry is witnessing a shift toward smart buildings and infrastructure driven by IoT technology. Smart buildings use IoT sensors to optimize energy usage, monitor environmental conditions, and manage building systems such as heating, ventilation, and air conditioning (HVAC). These systems can automatically adjust settings based on real-time data, improving energy efficiency and reducing operational costs. Furthermore, IoT-enabled infrastructure projects, such as smart roads and bridges, enhance public safety and optimize traffic flow through real-time monitoring and data analysis.
Global IoT In Construction Market Report Segmentation
This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2018 to 2030. For this study, Grand View Research has segmented the global IoT in construction market report based on component, application, end-use, and region:
- Component Outlook (Revenue, USD Billion, 2018 - 2030)
- Hardware
- Software
- Services
- Application Outlook (Revenue, USD Billion, 2018 - 2030)
- Asset Monitoring
- Fleet Management
- Predictive Maintenance
- Remote Operations
- Safety
- Wearables
- Others
- End-use Outlook (Revenue, USD Billion, 2018 - 2030)
- Commercial
- Residential
- Regional Outlook (Revenue, USD Billion, 2018 - 2030)
- North America
- U.S.
- Canada
- Mexico
- Europe
- UK
- Germany
- France
- Asia Pacific
- China
- Australia
- Japan
- India
- South Korea
- Latin America
- Brazil
- Middle East & Africa
- South Africa
- Saudi Arabia
- UAE
Table of Contents
Chapter 1. Methodology and Scope
- 1.1. Market Segmentation & Scope
- 1.2. Market Definitions
- 1.3. Information Procurement
- 1.3.1. Information analysis
- 1.3.2. Market formulation & data visualization
- 1.3.3. Data validation & publishing
- 1.4. 1.4 Research Scope and Assumptions
- 1.4.1. List of Data Sources
Chapter 2. Executive Summary
- 2.1. IoT in Construction Market Snapshot
- 2.2. IoT in Construction Market - Segment Snapshot
- 2.3. IoT in Construction Market - Competitive Landscape Snapshot
Chapter 3. IoT in Construction Application Market - Industry Outlook
- 3.1. Market Lineage Outlook
- 3.2. Industry Value Chain Analysis
- 3.3. Market Dynamics
- 3.3.1. Market Driver Analysis
- 3.3.2. Market Restraint Analysis
- 3.3.3. Industry Challenges
- 3.3.4. Industry Opportunities
- 3.4. Industry Analysis Tools
- 3.4.1. Porter's Five Forces analysis
- 3.4.2. Macroeconomic analysis
- 3.5. Technology Trends
Chapter 4. IoT in Construction Market: Component Estimates & Trend Analysis
- 4.1. Component Movement Analysis & Market Share, 2023 & 2030
- 4.2. IoT in Construction Market Estimates & Forecast, By Component (USD Billion)
- 4.2.1. Hardware
- 4.2.2. Software
- 4.2.3. Services
Chapter 5. IoT in Construction Market: Application Estimates & Trend Analysis
- 5.1. Application Movement Analysis & Market Share, 2023 & 2030
- 5.2. IoT in Construction Market Estimates & Forecast, By Application (USD Billion)
- 5.2.1. Asset Monitoring
- 5.2.2. Fleet Management
- 5.2.3. Predictive Maintenance
- 5.2.4. Remote Operations
- 5.2.5. Safety
- 5.2.6. Wearables
- 5.2.7. Others
Chapter 6. IoT in Construction Market: End Use Estimates & Trend Analysis
- 6.1. End Use Movement Analysis & Market Share, 2023 & 2030
- 6.2. IoT in Construction Market Estimates & Forecast, By End Use (USD Billion)
- 6.2.1. Commercial
- 6.2.2. Residential
Chapter 7. Regional Estimates & Trend Analysis
- 7.1. IoT in Construction Market by Region, 2023 & 2030
- 7.2. North America
- 7.2.1. North America IoT in Construction Market Estimates & Forecasts, 2018 - 2030, (USD Billion)
- 7.2.2. U.S.
- 7.2.3. Canada
- 7.2.4. Mexico
- 7.3. Europe
- 7.3.1. Europe IoT in Construction Market Estimates & Forecasts, 2018 - 2030, (USD Billion)
- 7.3.2. UK
- 7.3.3. Germany
- 7.3.4. France
- 7.4. Asia Pacific
- 7.4.1. Asia Pacific IoT in Construction Market Estimates & Forecasts, 2018 - 2030, (USD Billion)
- 7.4.2. China
- 7.4.3. Japan
- 7.4.4. India
- 7.4.5. South Korea
- 7.4.6. Australia
- 7.5. Latin America
- 7.5.1. Latin America IoT in Construction Market Estimates & Forecasts, 2018 - 2030, (USD Billion)
- 7.5.2. Brazil
- 7.6. Middle East & Africa (MEA)
- 7.6.1. MEA IoT in Construction Market Estimates & Forecasts, 2018 - 2030, (USD Billion)
- 7.6.2. UAE
- 7.6.3. Saudi Arabia
- 7.6.4. South Africa
Chapter 8. IoT in Construction Market - Competitive Landscape
- 8.1. Recent Developments & Impact Analysis, By Key Market Participants
- 8.2. Company Categorization
- 8.3. Participant's Overview
- 8.4. Financial Performance
- 8.5. Product Benchmarking
- 8.6. Company Market Positioning Analysis
- 8.7. Company Heat Map Analysis
- 8.8. Strategy Mapping
- 8.8.1. Expansion/Divestiture
- 8.8.2. Collaborations/Partnerships
- 8.8.3. New Product Launches
- 8.8.4. Contract
- 8.9. Company Profiles
- 8.9.1. Microsoft Corporation
- 8.9.1.1. Participant's Overview
- 8.9.1.2. Financial Performance
- 8.9.1.3. Product Benchmarking
- 8.9.1.4. Recent Developments
- 8.9.2. Amazon Web Services, Inc.
- 8.9.2.1. Participant's Overview
- 8.9.2.2. Financial Performance
- 8.9.2.3. Product Benchmarking
- 8.9.2.4. Recent Developments
- 8.9.3. Siemens
- 8.9.3.1. Participant's Overview
- 8.9.3.2. Financial Performance
- 8.9.3.3. Product Benchmarking
- 8.9.3.4. Recent Developments
- 8.9.4. Cisco Systems, Inc., Inc.
- 8.9.4.1. Participant's Overview
- 8.9.4.2. Financial Performance
- 8.9.4.3. Product Benchmarking
- 8.9.4.4. Recent Developments
- 8.9.5. Intel Corporation
- 8.9.5.1. Participant's Overview
- 8.9.5.2. Financial Performance
- 8.9.5.3. Product Benchmarking
- 8.9.5.4. Recent Developments
- 8.9.6. Qualcomm Incorporated
- 8.9.6.1. Participant's Overview
- 8.9.6.2. Financial Performance
- 8.9.6.3. Product Benchmarking
- 8.9.6.4. Recent Developments
- 8.9.7. Huawei Technologies Co.Ltd
- 8.9.7.1. Participant's Overview
- 8.9.7.2. Financial Performance
- 8.9.7.3. Product Benchmarking
- 8.9.7.4. Recent Developments
- 8.9.8. PTC Inc.
- 8.9.8.1. Participant's Overview
- 8.9.8.2. Financial Performance
- 8.9.8.3. Product Benchmarking
- 8.9.8.4. Recent Developments
- 8.9.9. Bosch Global Software Technologies Private Limited
- 8.9.9.1. Participant's Overview
- 8.9.9.2. Financial Performance
- 8.9.9.3. Product Benchmarking
- 8.9.9.4. Recent Developments
- 8.9.10. Software AG
- 8.9.10.1. Participant's Overview
- 8.9.10.2. Financial Performance
- 8.9.10.3. Product Benchmarking
- 8.9.10.4. Recent Developments
- 8.9.1. Microsoft Corporation
List of Tables
- Table 1 IoT in Construction Market - Key Market Driver Impact
- Table 2 Global IoT in Construction Market - Key Market Restraint Impact
- Table 3 Global IoT in Construction Market - Key Market Opportunities
- Table 4 Global IoT in Construction Market - Key Market Challenges
- Table 5 IoT in Construction Market Revenue Estimates and Forecast, By Component, 2018 - 2030 (USD Billion)
- Table 6 IoT in Construction Market Revenue Estimates and Forecast, By Application, 2018 - 2030 (USD Billion)
- Table 7 IoT in Construction Market Revenue Estimates and Forecast, By End Use , 2018 - 2030 (USD Billion)
- Table 8 Recent Developments & Impact Analysis, By Key Market Participants
- Table 9 Company Heat Map Analysis
- Table 10 Key Companies Launching New Products
- Table 11 Key Companies Pursuing Expansions
- Table 12 Key Companies Pursuing Mergers & Acquisitions
- Table 13 Key Companies Collaborations
List of Figures
- Fig. 1 Market Segmentation And Scope
- Fig. 2 Information Procurement
- Fig. 3 Data Analysis Models
- Fig. 4 Market Formulation And Validation
- Fig. 5 Data Validating & Publishing
- Fig. 6 Market Snapshot
- Fig. 7 Segment Snapshot (1/2)
- Fig. 8 Segment Snapshot (2/2)
- Fig. 9 Competitive Landscape Snapshot
- Fig. 10 IoT in Construction Market , 2018 - 2030 (USD Billion)
- Fig. 11 IoT in Construction Market - Value Chain Analysis
- Fig. 12 IoT in Construction Market- Market Dynamics
- Fig. 13 IoT in Construction Market - Porter's Five Forces Analysis
- Fig. 14 IoT in Construction Market - PESTEL Analysis
- Fig. 15 IoT in Construction Market, By Component : Key Takeaways
- Fig. 16 IoT in Construction Market, By Component : Market Share, 2023 & 2030
- Fig. 17 Hardware IoT in Construction Market Estimates & Forecasts, 2018 - 2030 (USD Billion)
- Fig. 18 Software IoT in Construction Market Estimates & Forecasts, 2018 - 2030 (USD Billion)
- Fig. 19 Services IoT in Construction Market Estimates & Forecasts, 2018 - 2030 (USD Billion)
- Fig. 20 IoT in Construction Market, By Application : Key Takeaways
- Fig. 21 IoT in Construction Market, By Application : Market Share, 2023 & 2030
- Fig. 22 Asset Monitoring IoT in Construction Market Estimates & Forecasts, 2018 - 2030 (USD Billion)
- Fig. 23 Fleet Management IoT in Construction Market Estimates & Forecasts, 2018 - 2030 (USD Billion)
- Fig. 24 Predictive Maintenance IoT in Construction Market Estimates & Forecasts, 2018 - 2030 (USD Billion)
- Fig. 25 Remote Operations IoT in Construction Market Estimates & Forecasts, 2018 - 2030 (USD Billion)
- Fig. 26 Safety IoT in Construction Market Estimates & Forecasts, 2018 - 2030 (USD Billion)
- Fig. 27 Wearables IoT in Construction Market Estimates & Forecasts, 2018 - 2030 (USD Billion)
- Fig. 28 Others IoT in Construction Market Estimates & Forecasts, 2018 - 2030 (USD Billion)
- Fig. 29 IoT in Construction Market, By End Use : Key Takeaways
- Fig. 30 IoT in Construction Market, By End Use : Market Share, 2023 & 2030
- Fig. 31 Commercial IoT in Construction Market Estimates & Forecasts, 2018 - 2030 (USD Billion)
- Fig. 32 Residential IoT in Construction Market Estimates & Forecasts, 2018 - 2030 (USD Billion)
- Fig. 33 Regional Marketplace: Key Takeaways
- Fig. 34 Regional Marketplace: Key Takeaways
- Fig. 35 North America IoT in Construction Market Estimates & Forecast, 2018 - 2030 (USD Billion)
- Fig. 36 U.S. IoT in Construction Market Estimates & Forecast, 2018 - 2030 (USD Billion)
- Fig. 37 Canada IoT in Construction Market Estimates & Forecast, 2018 - 2030 (USD Billion)
- Fig. 38 Mexico IoT in Construction Market Estimates & Forecast, 2018 - 2030 (USD Billion)
- Fig. 39 Europe IoT in Construction Market Estimates & Forecast, 2018 - 2030 (USD Billion)
- Fig. 40 Germany IoT in Construction Market Estimates & Forecast, 2018 - 2030 (USD Billion)
- Fig. 41 UK IoT in Construction Market Estimates & Forecast, 2018 - 2030 (USD Billion)
- Fig. 42 France IoT in Construction Market Estimates & Forecast, 2018 - 2030 (USD Billion)
- Fig. 43 Asia Pacific IoT in Construction Market Estimates & Forecast, 2018 - 2030 (USD Billion)
- Fig. 44 China IoT in Construction Market Estimates & Forecast, 2018 - 2030 (USD Billion)
- Fig. 45 India IoT in Construction Market Estimates & Forecast, 2018 - 2030 (USD Billion)
- Fig. 46 Japan IoT in Construction Market Estimates & Forecast, 2018 - 2030 (USD Billion)
- Fig. 47 Australia IoT in Construction Market Estimates & Forecast, 2018 - 2030 (USD Billion)
- Fig. 48 South Korea IoT in Construction Market Estimates & Forecast, 2018 - 2030 (USD Billion)
- Fig. 49 Latin America IoT in Construction Market Estimates & Forecast, 2018 - 2030 (USD Billion)
- Fig. 50 Brazil IoT in Construction Market Estimates & Forecast, 2018 - 2030 (USD Billion)
- Fig. 51 MEA IoT in Construction Market Estimates & Forecast, 2018 - 2030 (USD Billion)
- Fig. 52 Saudi Arabia IoT in Construction Market Estimates & Forecast, 2018 - 2030 (USD Billion)
- Fig. 53 South Africa IoT in Construction Market Estimates & Forecast, 2018 - 2030 (USD Billion)
- Fig. 54 UAE IoT in Construction Market Estimates & Forecast, 2018 - 2030 (USD Billion)
- Fig. 55 Key Company Categorization
- Fig. 56 Company Market Positioning Analysis
- Fig. 57 Strategic Framework
