Global Remote Construction Market is valued at approximately USD 746.46 Billion in 2021 and is anticipated to grow with a healthy growth rate of more than 14.30 % over the forecast period 2022-2028. The building industry is booming as the world's population continues to grow. The building industry has evolved dramatically over time. The usual operation of diverse building enterprises is inefficient and tiresome. Human monitoring on several building sites, as well as dealing with employee concerns and other issues, proved to be challenging. As a result, the need for remote construction management may have a lot of room to increase. The increase in Infrastructure development and research and development efforts along with increasing demand from emerging markets have led to the adoption of Remote Construction across the forecast period. For Instance: as per the office for National Statistics in 2022, Repair and maintenance (3.0%) and new work (1.0%) accounted for the majority of the rise in monthly construction production in March 2022. The largest contributions to the monthly rise at the sector level were private home repair and maintenance (5.8%) and private commercial new work (4.0%). Also, with the digitalization and urbanization, the adoption & demand for Remote Construction is likely to increase the market growth during the forecast period. However, costly research and development impede the growth of the market over the forecast period of 2022-2028.
The key regions considered for the Global Remote Construction market study include Asia Pacific, North America, Europe, Latin America and Rest of the World. North America is the leading region across the world in terms of market share owing to the increase in infrastructure development and research and development efforts along with increasing demand from emerging markets. Whereas, Europe is also anticipated to exhibit the highest growth rate over the forecast period 2022-2028. Factors such as digitalization and urbanization would create lucrative growth prospects for the Remote Construction market across Europe region.
Major market players included in this report are:
- Oracle Corporation
- Autodesk Inc.
- Trimble Inc.
- Caterpillar Inc.
- Hitachi Ltd.
- Giatec Scientific, Inc.
- Kore Wireless
- WorldSensing
- CalAmp Corp.
- Sigfox
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Component:
- Remote Construction Solutions
- Remote Construction Services
By Application:
- Remote Management
- Construction Management
- Communication
- Others
By End-use Industry:
- Construction
- Energy & Utilities
- Mining
By Region:
- Europe
- UK
- Germany
- France
- Spain
- Italy
- ROE
- Asia Pacific
- China
- India
- Japan
- Australia
- South Korea
- RoAPAC
Furthermore, years considered for the study are as follows:
- Historical year - 2018, 2019, 2020
- Base year - 2021
- Forecast period - 2022 to 2028
Target Audience of the Global Remote Construction Market in Market Study:
- Key Consulting Companies & Advisors
- Large, medium-sized, and small enterprises
- Venture capitalists
- Value-Added Resellers (VARs)
- Third-party knowledge providers
- Investment bankers
- Investors
Table of Contents
Chapter 1. Executive Summary
- 1.1. Market Snapshot
- 1.2. Global & Segmental Market Estimates & Forecasts, 2020-2028 (USD Billion)
- 1.2.1. Remote Construction Market, by Region, 2020-2028 (USD Billion)
- 1.2.2. Remote Construction Market, by Component, 2020-2028 (USD Billion)
- 1.2.3. Remote Construction Market, by Application, 2020-2028 (USD Billion)
- 1.2.4. Remote Construction Market, by End-use Industry, 2020-2028 (USD Billion)
- 1.3. Key Trends
- 1.4. Estimation Methodology
- 1.5. Research Assumption
Chapter 2. Global Remote Construction Market Definition and Scope
- 2.1. Objective of the Study
- 2.2. Market Definition & Scope
- 2.2.1. Scope of the Study
- 2.2.2. Industry Evolution
- 2.3. Years Considered for the Study
- 2.4. Currency Conversion Rates
Chapter 3. Global Remote Construction Market Dynamics
- 3.1. Remote Construction Market Impact Analysis (2020-2028)
- 3.1.1. Market Drivers
- 3.1.1.1. Increase in Infrastructure development
- 3.1.1.2. Increase in research and development efforts
- 3.1.1.3. Increasing demand from emerging Markets
- 3.1.2. Market Challenges
- 3.1.2.1. Costly research and development
- 3.1.3. Market Opportunities
- 3.1.3.1. Digitalization and urbanisation are becoming more prevalent
- 3.1.3.2. Demand for remote construction services and solutions is increasing
Chapter 4. Global Remote Construction Market Industry Analysis
- 4.1. Porter's 5 Force Model
- 4.1.1. Bargaining Power of Suppliers
- 4.1.2. Bargaining Power of Buyers
- 4.1.3. Threat of New Entrants
- 4.1.4. Threat of Substitutes
- 4.1.5. Competitive Rivalry
- 4.1.6. Futuristic Approach to Porter's 5 Force Model (2018-2028)
- 4.2. PEST Analysis
- 4.2.1. Political
- 4.2.2. Economical
- 4.2.3. Social
- 4.2.4. Technological
- 4.3. Investment Adoption Model
- 4.4. Analyst Recommendation & Conclusion
- 4.5. Top investment opportunity
- 4.6. Top winning strategies
Chapter 5. Risk Assessment: COVID-19 Impact
- 5.1.1. Assessment of the overall impact of COVID-19 on the industry
- 5.1.2. Pre COVID-19 and post COVID-19 Market scenario
Chapter 6. Global Remote Construction Market, by Component
- 6.1. Market Snapshot
- 6.2. Global Remote Construction Market by Component, Performance - Potential Analysis
- 6.3. Global Remote Construction Market Estimates & Forecasts by Component, 2018-2028 (USD Billion)
- 6.4. Remote Construction Market, Sub Segment Analysis
- 6.4.1. Remote Construction Solutions
- 6.4.2. Remote Construction Services
Chapter 7. Global Remote Construction Market, by Application
- 7.1. Market Snapshot
- 7.2. Global Remote Construction Market by Application, Performance - Potential Analysis
- 7.3. Global Remote Construction Market Estimates & Forecasts by Application, 2018-2028 (USD Billion)
- 7.4. Remote Construction Market, Sub Segment Analysis
- 7.4.1. Remote Management
- 7.4.2. Construction Management
- 7.4.3. Communication
- 7.4.4. Others
Chapter 8. Global Remote Construction Market, by End-use Industry
- 8.1. Market Snapshot
- 8.2. Global Remote Construction Market by End-use Industry, Performance - Potential Analysis
- 8.3. Global Remote Construction Market Estimates & Forecasts by End-use Industry, 2018-2028 (USD Billion)
- 8.4. Remote Construction Market, Sub Segment Analysis
- 8.4.1. Construction
- 8.4.2. Energy & Utilities
- 8.4.3. Mining
Chapter 9. Global Remote Construction Market, Regional Analysis
- 9.1. Remote Construction Market, Regional Market Snapshot
- 9.2. North America Remote Construction Market
- 9.2.1. U.S. Remote Construction Market
- 9.2.1.1. Component breakdown estimates & forecasts, 2018-2028
- 9.2.1.2. Application breakdown estimates & forecasts, 2018-2028
- 9.2.1.3. End-use Industry breakdown estimates & forecasts, 2018-2028
- 9.2.2. Canada Remote Construction Market
- 9.3. Europe Remote Construction Market Snapshot
- 9.3.1. U.K. Remote Construction Market
- 9.3.2. Germany Remote Construction Market
- 9.3.3. France Remote Construction Market
- 9.3.4. Spain Remote Construction Market
- 9.3.5. Italy Remote Construction Market
- 9.3.6. Rest of Europe Remote Construction Market
- 9.4. Asia-Pacific Remote Construction Market Snapshot
- 9.4.1. China Remote Construction Market
- 9.4.2. India Remote Construction Market
- 9.4.3. Japan Remote Construction Market
- 9.4.4. Australia Remote Construction Market
- 9.4.5. South Korea Remote Construction Market
- 9.4.6. Rest of Asia Pacific Remote Construction Market
- 9.5. Latin America Remote Construction Market Snapshot
- 9.5.1. Brazil Remote Construction Market
- 9.5.2. Mexico Remote Construction Market
- 9.6. Rest of The World Remote Construction Market
Chapter 10. Competitive Intelligence
- 10.1. Top Market Strategies
- 10.2. Company Profiles
- 10.2.1. Oracle Corporation
- 10.2.1.1. Key Information
- 10.2.1.2. Overview
- 10.2.1.3. Financial (Subject to Data Availability)
- 10.2.1.4. Product Summary
- 10.2.1.5. Recent Developments
- 10.2.2. Autodesk Inc.
- 10.2.3. Trimble Inc.
- 10.2.4. Caterpillar Inc.
- 10.2.5. Hitachi Ltd.
- 10.2.6. Giatec Scientific, Inc.
- 10.2.7. Kore Wireless
- 10.2.8. WorldSensing
- 10.2.9. CalAmp Corp.
- 10.2.10. Sigfox
Chapter 11. Research Process
- 11.1. Research Process
- 11.1.1. Data Mining
- 11.1.2. Analysis
- 11.1.3. Market Estimation
- 11.1.4. Validation
- 11.1.5. Publishing
- 11.2. Research Attributes
- 11.3. Research Assumption