Product Code: SR112025A5408
The global IoT in construction market size reached USD 12.2 Billion in 2024. Looking forward, IMARC Group expects the market to reach a value of USD 31.3 Billion by 2033, exhibiting a growth rate (CAGR) of 10.49% during 2025-2033. There are various factors that are driving the market, which include the need for improved working places, stringent safety protocols, rising focus on enhancing operational efficiency, and various collaborations and partnerships among major players.
The internet of things (IoT) refers to the collective network of connected devices and technologies that facilitate communication between devices and the cloud. It relies on machine learning (ML) and artificial intelligence (AI) technologies to analyze various data and make informed decisions. It also uses predictive maintenance to reduce unplanned downtime and wearable technology to improve worker safety. It gives access to advanced analytics that uncover new opportunities by collecting data on customer behavior. It assists in monitoring digital and physical infrastructure to optimize performance, improve efficiency, and reduce risks. It aids in managing various operations efficiently, such as inventory management, fuel and spare parts management, and tracking shipping. It offers numerous benefits, such as high efficiency and productivity, improved customer experience, and increased mobility and agility. At present, there is a rise in the demand for IoT in the construction industry to automate hazard detection and safety monitoring of construction sites across the globe.
IoT in Construction Market Trends:
At present, there is a rise in the demand for IoT in the construction to help supervisors perform their tasks efficiently and gain insight about all the aspects of the project. This, along with the thriving construction industry, represents one of the key factors supporting the growth of the market. In addition, the increasing demand for IoT in the construction to control movement, status, and progress of machinery and report in real-time with unprecedented precision is propelling the growth of the market. Besides this, governing agencies of various countries are implementing stringent regulations to promote the usage of IoT for minimizing the risks of accidents at construction sites. Moreover, there is an increase in the utilization of smart technologies, such as radio frequency identification (RFID) tags, building information modelling, and augmented reality (AR), to reduce operational costs, enhance productivity, and efficient project management. This, coupled with the rising awareness among the masses about the benefits of IoT in the construction industry, is offering lucrative growth opportunities to industry investors. Apart from this, the growing employment of IoT in numerous construction activities, such as plastering, bricklaying, surveying, construction site management, asset tracking, worker tracking, and risk management, is positively influencing the market. Additionally, the escalating demand for smart wearables, such as smart glasses, wearable sensors, safety vests, and smart helmets, on sites is bolstering the growth of the market.
Key Market Segmentation:
Components Insights:
- Hardware
- Software
- Services
Application Insights:
- Asset Monitoring
- Predictive Maintenance
- Fleet Management
- Wearables
- Others
End User Insights:
- Residential
- Non-Residential
Regional Insights:
- 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
- The report has also provided a comprehensive analysis of all the major regional markets, which include North America (the United States and Canada); Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others); Europe (Germany, France, the United Kingdom, Italy, Spain, and others); Latin America (Brazil, Mexico, and others); and the Middle East and Africa.
Competitive Landscape:
- The report has also provided a comprehensive analysis of the competitive landscape in the global IoT in construction market. Competitive analysis such as market structure, market share by key players, player positioning, top winning strategies, competitive dashboard, and company evaluation quadrant has been covered in the report. Also, detailed profiles of all major companies have been provided. Some of the companies covered include 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., WakeCap Technologies, etc. Kindly note that this only represents a partial list of companies, and the complete list has been provided in the report.
Key Questions Answered in This Report
- 1.What was the size of the global IoT in construction market in 2024?
- 2.What is the expected growth rate of the global IoT in construction market during 2025-2033?
- 3.What are the key factors driving the global IoT in construction market?
- 4.What has been the impact of COVID-19 on the global IoT in construction market?
- 5.What is the breakup of the global IoT in construction market based on the components?
- 6.What is the breakup of the global IoT in construction market based on the application?
- 7.What is the breakup of the global IoT in construction market based on the end user?
- 8.What are the key regions in the global IoT in construction market?
- 9.Who are the key players/companies in the global IoT in construction market?
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