AI In Construction Market to Reach USD 24.3 Billion by 2030 Driven by Predictive Analytics Adoption

Overview of the AI in Construction Market - The AI in construction market is projected to grow from USD 11.1 billion in 2025 to USD 24.3 billion by 2030, with a compound annual growth rate (CAGR) of 16.9% driven by investments in digital infrastructure, labor shortages, and stricter safety regulations [1][2] - The adoption of AI technologies is increasing among contractors, who utilize predictive analytics, cloud-based platforms, and autonomous equipment to enhance resource management, reduce overruns, and ensure safety compliance [1][2] Key Trends in AI In Construction Market - Predictive Analytics for Cost and Schedule Optimization: Predictive analytics tools allow contractors to simulate various scenarios using real-time data, helping to anticipate delays and cost overruns, thus reducing labor costs and project delays [3] - Construction-Site Safety Enhancement: AI-powered safety solutions utilize computer vision and sensors to monitor compliance and detect equipment issues, significantly reducing incident rates and insurance claims [4] - Automation and Robotics Adoption: Labor shortages are prompting the use of robotics for tasks like bricklaying and rebar tying, which improves accuracy and reduces manual labor hours [5][6] - Sustainability and Cloud-Based Deployments: AI solutions assist firms in meeting environmental standards by optimizing energy use and monitoring emissions, while cloud-based platforms facilitate real-time collaboration and data centralization [7] Market Segmentation in AI In Construction Industry - The market is segmented by components (solutions and services), applications (planning, safety, autonomous equipment, etc.), deployment (cloud, on-premises, hybrid), project lifecycle phases, end-users, and project types [10] Key Players in AI In Construction Market - Major companies include Autodesk, Smartvid.io, Doxel, Trimble, and Bentley Systems, each offering various AI-driven solutions for project planning, safety management, and efficiency tracking [9][12] Conclusion - The AI in construction market presents substantial growth opportunities, with a focus on efficiency, safety, and sustainability driving adoption across various regions, particularly in North America and Asia Pacific [11]