Top 10 construction technology trends for 2019
2019 is expected to be a breakthrough year for the construction industry. During the last year, construction technology investment has grown by 30% and equals $1.05BN.
The total value of the sector is expected to exceed $10trn by 2020.
Here is a list of the top 10 technologies likely to impact the construction industry.
1. Augmented Reality
AR is something that’s bound to open many new opportunities for the construction industry even though it will come with a cost. $900B increase in global AR market by 2020
2. Construction software and data ecosystem
Real-time collaboration software is expected to function as the digital backbone for the construction process from start to finish. 95% of data in construction is thrown away.
3. Building Information Modelling (BIM)
BIM technology will be the catalyst for a fundamental change in how we manage, design and develop a construction project. 88% of construction stakeholders believe that BIM can enable better design insight.
4. Modular Construction
The use of standardized processes to assemble as much as possible off-site before they complete construction projects on site can cut on costs and lead times. Construction can be completed 65x faster through modular construction.
5. Self-healing concrete
Many of the industry’s experts believe we’ll start seeing self-healing concrete being used on roads. Buildings, and homes. 5B metric tons of concrete will be used by 2030.
As drones continue rapidly developing in its accuracy and precision of its reading, even less human involvement will be necessary. Drone industry value will rise from $2B to $10B in the next decade.
Robotics are continuously growing more precise and accurate, and they will soon become a commanding force in the construction industry. The industrial robotics market is expected to grow by 175% over the next decade.
8. Cloud and mobile technology
Mobile devices can leverage cloud technology from anywhere, at any time. A must have if you want your business to remain competitive. IT spend in construction < 1% revenue.
9. Advanced uses for GPS
GPS tracking is now being used in more creative and resourceful ways facilitating the quick and accurate collection of data. 120 positioning satellites ready to be used in the next 10 years.
10. Wearable technology
Wearable technology is expected to play a substantial role in boosting safety on site and monitor efficiently the project progress. 250 million smart wearables are predicted to be in use by the end of the year.
The Article was originally published in GenieBelt