Construction 4.0 Market Registering a CAGR of 18.2% from 2020 to 2027 | By Share, Size

According to a new report published by Allied Market Research, titled, “Construction 4.0 Market by Solution, Technology, Application, and End- User: Opportunity Analysis and Industry Forecast, 2020–2027,” the global construction 4.0 market was valued at $9.8 billion in 2019, and is projected to reach $29.1 billion by 2027, registering a CAGR of 18.2% from 2020 to 2027. The IoT segment garnered over three-fifths of the global construction 4.0 market share in 2019.

Rise in need for automation and employee safety in the construction industry and availability of affordable, energy-efficient technology, such as industrial robots and artificial intelligence, in the construction industry drive the growth of the construction 4.0 market. Increasing adoption of technologies in construction industries, owing to reducing human errors, improving productivity, avoid repetitive work, propels the growth of the market.

Get sample copy of “Construction 4.0 Market” at: https://www.alliedmarketresearch.com/request-sample/10594

An increase in efficiency and improving productivity on construction sites, escalate the demand for construction technologies, such as IoT, virtual reality, and others, thereby propelling the market growth. IoT, AI, and BIM-based products are used in construction sites with the use of drones, CCTV cameras, and sensors to obtain real-time data about workers, inventory, and on-going activities in construction sites, thereby driving the growth of the construction 4.0 market. An industrial robot is also used in the construction industry for building heavy structure and demolishing of building, which, in turn, increases the demand for industrial robots and propels the market growth.

Global Construction 4.0 Market Segments

By Technology

IoT
Artificial Intelligence
Industrial Robots
Others

By Application

Asset Monitoring
Predictive Maintenance
Fleet Management
Wearables
Others

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Major Key Players of the Construction 4.0 Market are:
Advanced Opto-Mechanical Systems and Technologies Inc, ABB Ltd, Autodesk Inc, Mitsubishi Electric Corporation, CalAmp Corporation, Hexagon AB, Hilti Corporation, Topcon Corporation, Trimble, Inc., and Oracle Corporation.

Research objectives:-

- To study and analyze the global Construction 4.0 consumption (value & volume) by key regions/countries, product type and application, history data.
- To understand the structure of the Construction 4.0 market by identifying its various sub-segments.
- Focuses on the key global Construction 4.0 manufacturers, to define, describe and analyze the sales volume, value, market share, market competitive landscape, SWOT analysis, and development plans in the next few years.
- To analyze the Construction 4.0 with respect to individual growth trends, future prospects, and their contribution to the total market.
- To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).
- The scope of this report centers on key market analyses, market drivers & challenges, and competitive analysis & trends. Research report examines each market and its applications, regulatory scenario, technological innovations, Construction 4.0 market projections, market sizes, and shares. Moreover, the Construction 4.0 market report examines the most recent trends, pipeline products and developments in the Construction 4.0 market. Complete profiles of leading organizations in the market are also mentioned in this report.

Have any query? Speak to Analyst @ https://www.alliedmarketresearch.com/connect-to-analyst/10594

In the end, Construction 4.0 industry report specifics the major regions, market scenarios with the product price, volume, supply, revenue, production, market growth rate, demand, forecast and so on. This report also presents SWOT analysis, investment feasibility analysis, and investment return analysis.

About Us-

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of “Market Research Reports” and “Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

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