Construction technology has been a main driver of advancements in the construction industry. During 2019, construction technology investment grew by 30%.
Looking back at the industry’s history, it’s safe to say there’s been a significant paradigm shift, and we expect more leaps forward in 2020.
Here’s a look at the experts top 10 most noteworthy trends we’ll be seeing in the construction industry this year.
#1 Augmented Reality
Global Augmented Reality market increases by 2020. It’ll come with a cost, but augmented reality is bound to open new opportunities in the construction industry.
#2 Construction Software & Data Ecosystem
95 % of data in construction is thrown away serving as the digital backbone of the construction process from start to finish, real-time collaboration software will be relied on more and more.
#3 Building Information Modeling
According to 88% of construction stakeholders, BIM can enable better design insight. Expect BIM Technology to be a catalyst for fundamental change in the way we manage, design and develop a construction proect.
#4 Modular Construction
With modular construction, projects can be completed 65% faster. A great way to cut down on costs and lead times is the use of standardized processes to assemble as much as possible off-site before completing the construction project on site.
#5 Self Healing Concrete
By 2030, 58 metric tons of concrete will be used the industry’s experts have spoken! Many believe we’ll be seeing self healing concrete being used on roads, buildings and homes.
#6 Drones
In the next decade, drone industry value will rise from $2B to $10B The rapid development in drone technology in accuracy and precision reading will mean less human involvement will be necessary.
#7 Robotics
By 2030, the industrial robotics market is expected to grow by 175% with robotics continuously growing more precise and accurate, you can guarantee they’ll be utilized extensively in the construction industry.
#8 Cloud & Mobile Technology
IT Spend in construction will be greater than 1% revenue. Cloud technology can be leveraged from anywhere and at anytime using mobile devices, so if you want your business to remain competitive, you better get on board.
#9 Advanced Uses for GPS
In the next ten years, there will be 120 positioning satellites ready to be used in more creative and resourceful ways, the collection of data will become quicker and more accurate.
#10 Wearable Technology
By the end of the year, experts predict 250 million smart wearables will be in use. There will be more safety on site and more efficient monitoring of a project’s progress.
