Increasing The global IoT in construction market is anticipated to grow at a CAGR of around 16.8% during the forecast period 2020 to 2027 and to reach around US$ 26.7Bn by 2027.
Market Dynamics
Rapid technological advancements in construction sector, increasing major players approach towards adoption of digital solution for remote operations, safety management, and fleet management are major factors expected to drive the growth of global IoT in construction market. In addition, increasing construction and reconstruction activities in developed and developing countries and government approach towards establishment of smart cities are factors expected to support the growth of IoT in construction market.
business development activities by major players in order to increase the customer base and enhance the product portfolio is another factor expected to augment the growth of IoT in construction market.
In 2020, CalAmp a provider of Internet of things (IoT) software applications, cloud services, data intelligence and telematics products and service decided to extend its agreement with Caterpillar Inc. in order to facilitate the company's continued expansion of connected assets, including the migration of several existing fleets to 4G LTE. This is expected to help the company to enhance the business in various end use industries and increase the customer base.
In 2020, Kryton International Inc. a global leader in concrete waterproofing, durability, and monitoring solutions launched Maturix Smart Concrete Sensors in the North America market. Maturix Smart Concrete technology runs on the Sigfox 0G network and provider data on real-time monitoring of structures. This product launch is expected to help the company to enhance the business.
In 2020, Hilti Corporation a global service provider of collection of concrete demolition power tools, accessories, software and services for construction professionals acquired Concrete Sensors. This acquisition is expected to help the company to strengthen its business in construction sector.
In 2017, CalAmp a provider of Internet of things (IoT) software applications, cloud services, data intelligence and telematics products and service launched AssetOutlook a next-generation telematics application to optimize construction operations for off-road equipment and on-road vehicles. This product launch is expected to help the company to enhance the product portfolio and increase the revenue share.
Factors such as high initial cost of the products and dependence on conventional methods are expected to hamper the growth of global IoT in construction market. In addition, lack of developed infrastructure in developing countries in order to adopt the advanced devices is expected to challenge the growth of IoT in construction market. High investment by major players for product development activities and rapidly changing infrastructure are factors expected to create new opportunities for players operating in the IoT in construction market. In addition, increasing agreements between regional and international players is expected to support the revenue transaction of target market.
Segment Analysis by Region
The market in North America is expected to account for major revenue share in the IoT in construction market due to increasing government spending on development of smart cities. In addition, presence of large number of players operating in the country and focus on introduction of smart solutions in order to attract new customers are other factors expected to boost the growth of IoT in construction market. Increasing merger & acquisition activities by major players in order to enhance the business and increase the revenue share are factors expected to support the growth of regional market.
Competitive Landscape
The global IoT in construction is highly competitive due to presence of large number of players and innovative product offerings. In addition, business expansion activities through partnerships and agreements are factors expected to further increase the competition.
Report coverage
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Market
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Global IoT in Construction Market
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Analysis Period
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2016 – 2027
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Base Year
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2019
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Forecast Data
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2020 – 2027
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Market Stratification
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Offering, Application, End Use and Geography
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Regional Scope
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North America, Europe, Asia Pacific, Latin America, and Middle East & Africa
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Report Coverage
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Market Trends, Drivers, Restraints, Competitive Analysis, Player Profiling, Regulation Analysis
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IoT in Construction Market Segment Analysis, 2019
The global IoT in construction market is segmented into offering, application, and end use. The offering segment is bifurcated into hardware, software, and services. Among the offering the software segment is expected to account for significant revenue share in the target market. The application segment is divided into remote operations, safety management, fleet management, predictive maintenance, and others. Among the application the remote operations segment is expected to account for major revenue share in the target segment. The players profiled in the report are Caterpillar Inc., Autodesk Inc., Oracle Corporation, Trimble Inc., Kore Wireless, Worldsensing, Giatec Scientific Inc., Losant IoT, Sigfox, and Calamp Corp.
Market Segmentation
Market By Offering
Hardware
Software
Services
Market By Application
Remote Operations
Safety Management
Fleet Management
Predictive Maintenance
Others
Market By End Use
Commercial
Residential
Market By Region
North America
Europe
- U.K.
- Germany
- France
- Spain
- Rest of Europe
Asia-Pacific
- China
- Japan
- India
- Australia
- South Korea
- Rest of Asia-Pacific
Latin America
- Brazil
- Mexico
- Rest of Latin America
Middle East & Africa
- GCC
- South Africa
- Rest of Middle East & Africa
CHAPTER 1. Industry Overview of IoT in Construction
1.1. Definition and Scope
1.1.1. Definition of IoT in Construction
1.1.2. Market Segmentation
1.1.3. Years Considered for the Study
1.1.4. Assumptions and Acronyms Used
1.1.4.1. Market Assumptions and Market Forecast
1.1.4.2. Acronyms Used in Global IoT in Construction Market
1.2. Summary
1.2.1. Executive Summary
1.2.2. IoT in Construction Market By Offering
1.2.3. IoT in Construction Market By Application
1.2.4. IoT in Construction Market By End Use
1.2.5. IoT in Construction Market by Regions
CHAPTER 2. Research Approach
2.1. Methodology
2.1.1. Research Programs
2.1.2. Market Size Estimation
2.1.3. Market Breakdown and Data Triangulation
2.2. Data Source
2.2.1. Secondary Sources
2.2.2. Primary Sources
CHAPTER 3. Market Dynamics And Competition Analysis
3.1. Market Drivers
3.1.1. Driver 1
3.1.2. Driver 2
3.2. Restraints and Challenges
3.2.1. Restrain 1
3.2.2. Restrain 2
3.3. Growth Opportunities
3.3.1. Opportunity 1
3.3.2. Opportunity 2
3.4. Porter’s Five Forces Analysis
3.4.1. Bargaining Power of Suppliers
3.4.2. Bargaining Power of Buyers
3.4.3. Threat of Substitute
3.4.4. Threat of New Entrants
3.4.5. Degree of Competition
3.5. Market Concentration Ratio and Market Maturity Analysis of IoT in Construction Market
3.5.1. Go To Market Strategy
3.5.1.1. Introduction
3.5.1.2. Growth
3.5.1.3. Maturity
3.5.1.4. Saturation
3.5.1.5. Possible Development
3.6. Technological Roadmap for IoT in Construction Market
3.7. Value Chain Analysis
3.8. Cost Structure Analysis
3.8.1. Proportion of Manufacturing Cost Structure
3.8.1.1. Raw Material
3.8.1.2. Labor Cost
3.8.1.3. Manufacturing Expense
3.9. Regulatory Compliance
3.10. Competitive Landscape, 2019
3.10.1. Player Positioning Analysis
3.10.2. Key Strategies Adopted By Leading Players
CHAPTER 4. Manufacturing Plant Analysis
4.1. Manufacturing Plant Location and Establish Date of Major Manufacturers in 2019
4.2. R&D Status and Application Source of IoT in Construction Major Manufacturers in 2019
CHAPTER 5. IoT in Construction Market By Offering
5.1. Introduction
5.2. IoT in Construction Revenue By Offering
5.2.1. IoT in Construction Revenue (US$ Mn) and Forecast, By Offering, 2016-2027
5.2.2. Hardware
5.2.2.1. Hardware Market Revenue (US$ Mn) and Growth Rate (%), 2016-2027
5.2.3. Software
5.2.3.1. Software Market Revenue (US$ Mn) and Growth Rate (%), 2016-2027
5.2.4. Services
5.2.4.1. Services Market Revenue (US$ Mn) and Growth Rate (%), 2016-2027
CHAPTER 6. IoT in Construction Market Revenue By Application
6.1. Introduction
6.2. IoT in Construction Revenue (US$ Mn) By Application
6.2.1. IoT in Construction Revenue (US$ Mn) and Forecast By Application, 2016 - 2027
6.2.2. Remote Operations
6.2.2.1. Remote Operations Market Revenue (US$ Mn) and Growth Rate (%), 2016-2027
6.2.3. Safety Management
6.2.3.1. Safety Management Market Revenue (US$ Mn) and Growth Rate (%), 2016-2027
6.2.4. Fleet Management
6.2.4.1. Fleet Management Market Revenue (US$ Mn) and Growth Rate (%), 2016-2027
6.2.5. Predictive Maintenance
6.2.5.1. Predictive Maintenance Market Revenue (US$ Mn) and Growth Rate (%), 2016-2027
6.2.6. Others
6.2.6.1. Others Market Revenue (US$ Mn) and Growth Rate (%), 2016-2027
CHAPTER 7. IoT in Construction Market By End Use
7.1. Introduction
7.2. IoT in Construction Revenue (US$ Mn) By End Use
7.2.1. IoT in Construction Revenue (US$ Mn) and Forecast By End Use, 2016 - 2027
7.2.2. Commercial
7.2.2.1. Commercial Market Revenue (US$ Mn) and Growth Rate (%), 2016-2027
7.2.3. Residential
7.2.3.1. Residential Market Revenue (US$ Mn) and Growth Rate (%), 2016-2027
CHAPTER 8. North America IoT in Construction Market By Country
8.1. North America IoT in Construction Overview
8.2. U.S.
8.2.1. U.S. IoT in Construction Market Revenue (US$ Mn) and Forecast By Offering, 2016-2027
8.2.2. U.S. IoT in Construction Market Revenue (US$ Mn) and Forecast By Application, 2016-2027
8.2.3. U.S. IoT in Construction Market Revenue (US$ Mn) and Forecast By End Use, 2016-2027
8.3. Canada
8.3.1. Canada IoT in Construction Market Revenue (US$ Mn) and Forecast By Offering, 2016-2027
8.3.2. Canada IoT in Construction Market Revenue (US$ Mn) and Forecast By Application, 2016-2027
8.3.3. Canada IoT in Construction Market Revenue (US$ Mn) and Forecast By End Use, 2016-2027
8.4. North America PEST Analysis
CHAPTER 9. Europe IoT in Construction Market By Country
9.1. Europe IoT in Construction Market Overview
9.2. U.K.
9.2.1. U.K. IoT in Construction Market Revenue (US$ Mn) and Forecast By Offering, 2016-2027
9.2.2. U.K. IoT in Construction Market Revenue (US$ Mn) and Forecast By Application, 2016-2027
9.2.3. U.K. IoT in Construction Market Revenue (US$ Mn) and Forecast By End Use, 2016-2027
9.3. Germany
9.3.1. Germany IoT in Construction Market Revenue (US$ Mn) and Forecast By Offering, 2016-2027
9.3.2. Germany IoT in Construction Market Revenue (US$ Mn) and Forecast By Application, 2016-2027
9.3.3. Germany IoT in Construction Market Revenue (US$ Mn) and Forecast By End Use, 2016-2027
9.4. France
9.4.1. France IoT in Construction Market Revenue (US$ Mn) and Forecast By Offering, 2016-2027
9.4.2. France IoT in Construction Market Revenue (US$ Mn) and Forecast By Application, 2016-2027
9.4.3. France IoT in Construction Market Revenue (US$ Mn) and Forecast By End Use, 2016-2027
9.5. Spain
9.5.1. Spain IoT in Construction Market Revenue (US$ Mn) and Forecast By Offering, 2016-2027
9.5.2. Spain IoT in Construction Market Revenue (US$ Mn) and Forecast By Application, 2016-2027
9.5.3. Spain IoT in Construction Market Revenue (US$ Mn) and Forecast By End Use, 2016-2027
9.6. Rest of Europe
9.6.1. Rest of Europe IoT in Construction Market Revenue (US$ Mn) and Forecast By Offering, 2016-2027
9.6.2. Rest of Europe IoT in Construction Market Revenue (US$ Mn) and Forecast By Application, 2016-2027
9.6.3. Rest of Europe IoT in Construction Market Revenue (US$ Mn) and Forecast By End Use, 2016-2027
9.7. Europe PEST Analysis
CHAPTER 10. Asia Pacific IoT in Construction Market By Country
10.1. Asia Pacific IoT in Construction Market Overview
10.2. China
10.2.1. China IoT in Construction Market Revenue (US$ Mn) and Forecast By Offering, 2016 - 2027
10.2.2. China IoT in Construction Market Revenue (US$ Mn) and Forecast By Application, 2016 - 2027
10.2.3. China IoT in Construction Market Revenue (US$ Mn) and Forecast By End Use, 2016 - 2027
10.3. Japan
10.3.1. Japan IoT in Construction Market Revenue (US$ Mn) and Forecast By Offering, 2016 - 2027
10.3.2. Japan IoT in Construction Market Revenue (US$ Mn) and Forecast By Application, 2016 - 2027
10.3.3. Japan IoT in Construction Market Revenue (US$ Mn) and Forecast By End Use, 2016 - 2027
10.4. India
10.4.1. India IoT in Construction Market Revenue (US$ Mn) and Forecast By Offering, 2016 - 2027
10.4.2. India IoT in Construction Market Revenue (US$ Mn) and Forecast By Application, 2016 - 2027
10.4.3. India IoT in Construction Market Revenue (US$ Mn) and Forecast By End Use, 2016 - 2027
10.5. Australia
10.5.1. Australia IoT in Construction Market Revenue (US$ Mn) and Forecast By Offering, 2016 - 2027
10.5.2. Australia IoT in Construction Market Revenue (US$ Mn) and Forecast By Application, 2016 - 2027
10.5.3. Australia IoT in Construction Market Revenue (US$ Mn) and Forecast By End Use, 2016 - 2027
10.6. South Korea
10.6.1. South Korea IoT in Construction Market Revenue (US$ Mn) and Forecast By Offering, 2016 - 2027
10.6.2. South Korea IoT in Construction Market Revenue (US$ Mn) and Forecast By Application, 2016 - 2027
10.6.3. South Korea IoT in Construction Market Revenue (US$ Mn) and Forecast By End Use, 2016 - 2027
10.7. Rest of Asia-Pacific
10.7.1. Rest of Asia-Pacific IoT in Construction Market Revenue (US$ Mn) and Forecast By Offering, 2016 - 2027
10.7.2. Rest of Asia-Pacific IoT in Construction Market Revenue (US$ Mn) and Forecast By Application, 2016 - 2027
10.7.3. Rest of Asia-Pacific IoT in Construction Market Revenue (US$ Mn) and Forecast By End Use, 2016 - 2027
10.8. Asia Pacific PEST Analysis
CHAPTER 11. Latin America IoT in Construction Market By Country
11.1. Latin America IoT in Construction Market Overview
11.2. Brazil
11.2.1. Brazil IoT in Construction Market Revenue (US$ Mn) and Forecast By Offering, 2016 - 2027
11.2.2. Brazil IoT in Construction Market Revenue (US$ Mn) and Forecast By Application, 2016 - 2027
11.2.3. Brazil IoT in Construction Market Revenue (US$ Mn) and Forecast By End Use, 2016 - 2027
11.3. Mexico
11.3.1. Mexico IoT in Construction Market Revenue (US$ Mn) and Forecast By Offering, 2016 - 2027
11.3.2. Mexico IoT in Construction Market Revenue (US$ Mn) and Forecast By Application, 2016 - 2027
11.3.3. Mexico IoT in Construction Market Revenue (US$ Mn) and Forecast By End Use, 2016 - 2027
11.4. Rest of Latin America
11.4.1. Rest of Latin America IoT in Construction Market Revenue (US$ Mn) and Forecast By Offering, 2016 - 2027
11.4.2. Rest of Latin America IoT in Construction Market Revenue (US$ Mn) and Forecast By Application, 2016 - 2027
CHAPTER 12. Middle East & Africa IoT in Construction Market By Country
12.1. Middle East & Africa IoT in Construction Market Overview
12.2. Saudi Arabia
12.2.1. Saudi Arabia IoT in Construction Market Revenue (US$ Mn) and Forecast By Offering, 2016 - 2027
12.2.2. Saudi Arabia IoT in Construction Market Revenue (US$ Mn) and Forecast By Application, 2016 - 2027
12.2.3. Saudi Arabia IoT in Construction Market Revenue (US$ Mn) and Forecast By End Use, 2016 - 2027
12.3. UAE
12.3.1. UAE IoT in Construction Market Revenue (US$ Mn) and Forecast By Offering, 2016 - 2027
12.3.2. UAE IoT in Construction Market Revenue (US$ Mn) and Forecast By Application, 2016 - 2027
12.3.3. UAE IoT in Construction Market Revenue (US$ Mn) and Forecast By End Use, 2016 - 2027
12.4. Rest of Middle East & Africa
12.4.1. Rest of Middle East & Africa IoT in Construction Market Revenue (US$ Mn) and Forecast By Offering, 2016 - 2027
12.4.2. Rest of Middle East & Africa IoT in Construction Market Revenue (US$ Mn) and Forecast By Application, 2016 - 2027
12.4.3. Rest of Middle East & Africa IoT in Construction Market Revenue (US$ Mn) and Forecast By End Use, 2016 - 2027
CHAPTER 13. PLAYER ANALYSIS OF IOT In CONSTRUCTION
13.1. IoT in Construction Market Company Share Analysis
13.2. Competition Matrix
13.2.1. Competitive Benchmarking of key players by price, presence, market share, and R&D investment
13.2.2. New Product Launches and Product Enhancements
13.2.3. Mergers And Acquisition In Global IoT in Construction Market
CHAPTER 14. Company Profile
14.1. Caterpillar Inc.
14.1.1. Company Snapshot
14.1.2. Business Overview
14.1.3. Financial Overview
14.1.3.1. Revenue (US$ Mn), 2019
14.1.3.2. Caterpillar Inc. 2019 IoT in Construction Business Regional Distribution
14.1.4. Product/ Service and Specification
14.2. Autodesk Inc.
14.3. Oracle Corporation
14.4. Trimble Inc.
14.5. Kore Wireless
14.6. Worldsensing
14.7. Giatec Scientific Inc.
14.8. Losant IoT
14.9. Sigfox
14.10. Calamp Corp.
14.11. Others
