Artificial Intelligence (AI) in Construction, 2021 Thematic Research Report – ResearchAndMarkets.com

DUBLIN–(BUSINESS WIRE)–The “Artificial Intelligence (AI) in Construction – Thematic Research” report has been added to ResearchAndMarkets.com’s offering.

The construction industry is ripe for artificial intelligence (AI) adoption. AI technologies can provide many small wins at each step of the broken value chain. Successful implementation can add up to big wins in architecture, engineering, and construction, mitigating the challenges of delivering safely, on time, and on budget.

As the value chain is fragmented, effective collaboration and communication between multiple stakeholders is key. AI-powered tools can automate processes and provide intelligent business insights, from sending documents and responding to requests for information (RFIs) to tracking open issues and automatically notifying participants when reality deviates from plans.

There is growing potential for AI to augment productivity at the construction stage. Smart robots and context-aware computing can alleviate current industry-wide productivity stagnation and protect against the shortage of skilled labor workers. Construction-specific technologies such as building information modelling (BIM) and generative design are not AI.

However, the symbiotic relationship between these technologies and AI will blossom in the coming years, making them even more powerful.

Productivity in construction has stagnated, and no company can afford to miss the benefits that AI can offer. Using the information in this report, you can formulate an AI strategy for your business.

Key Highlights

• Although uptake of AI technologies in construction has been slow, AI has the potential to deliver tangible benefits at every step of the construction value chain, from conceptual design through to operations and maintenance. the publisher predicts that construction companies will spend $1bn annually on AI platforms by 2024.
• Analysis of the impact of AI on the construction industry and how AI technologies can be used to resolve challenges of delivering on time, to budget, and safely.
• The three most expensive disclosed AI-related acquisitions in construction since 2016 were: Autodesk’s February 2021 acquisition of Innovyze for $1bn, Autodesk’s December 2018 acquisition of PlanGrid for $875m, and Trimble’s April 2018 acquisition of Viewpoint for $1.2bn.
• A case study showing how Kaiser Permanente partnered with Doxel to increase productivity by 38% when delivering its Viewridge Medical Office project and come in 11% under budget.

Scope

• The challenges facing the architecture, engineering, and constructing industry, together with thorough discussion of how AI can help mitigate these challenges, as well as identify companies for partnerships.
• Global market size (2019) and forecast (2020-2024) of AI platform revenues in the construction industry compiled by the publisher technology and construction analysts.
• Key mergers and acquisitions (M&As) associated with the AI theme in the construction sector over the last five years including date, deal value, and a brief description of the target company as compiled from the publisher’s Deals database.
• Profiles of over 35 AI vendors including specialists in the construction industry with details of their AI services.
• Profiles of leading adopters of AI in construction including who they have partnered with for their AI initiatives.
• Case studies of AI implementation in the construction sector and how AI has been used to increase productivity, reduce costs, reduce project duration, and improve safety on the construction site.
• Unique thematic scorecard showing 48 global construction companies that predicts the success of construction companies in the next 2-5 years. Companies are scored in AI and nine other themes that will disrupt the construction sector, informed by the publisher’s comprehensive tracking of AI related deals, job openings, patents ownership, company news, financial and marketing statements.

Key Topics Covered:

• Players
• Value chain
• Construction challenges
• The impact of AI on construction
• Case studies
• Market size and growth forecasts
• Mergers and acquisitions
• AI timeline
• Companies
• Sector scorecard
• Glossary

Companies Mentioned

• 10-4 Systems
• ABB
• Acciona
• Accenture
• AECOM
• Affectiva
• Agency9
• AI.Reverie
• AIworx
• Algorithmia
• Alibaba
• ALICE Technologies
• Alphabet
• Alteryx
• Amazon
• AMD
• Ananda Development
• Apple
• Autodesk
• Avata Intelligence
• Ayasdi
• Baidu
• Balfour Beatty
• BAM Nuttall
• Basis
• Bechtel Group
• Bentley Systems
• BigML
• Blue Frog Robotics
• Boston Dynamics
• Buildots
• Built Robotics
• Cambricon
• Canvas Construction
• Caspar.ai
• Catchoom
• China State Construction Engineering
• Clarifai
• Cloudwalk
• Cobalt Robotics
• CognitiveScale
• Construction Robotics
• Converge.io
• Dassault Systemes
• DataRobot
• Deloitte
• Diligent Robotics
• Doosan
• dotData
• Doxel AI
• Ecovacs
• ElliQ
• Facebook
• Facewatch
• Fanuc
• Festo
• Flybits
• Giatec
• Google
• Graphcore
• Grokr
• Groq
• GroupBC
• H2O.ai
• Holobuilder
• Horizon Robotics
• Hugging Face
• IBM
• iFlytek
• Indus.ai
• InEight
• Innovyze
• Intel
• iRobot
• Jacobs Engineering Group
• Kaiser Permanente
• Kasisto
• Kiewit
• KNIME
• KnuEdge
• KPMG
• Kwant.ai
• Laing O’Rourke
• Larsen & Toubro
• Legion
• LivePerson
• Magic Leap
• Malbro Construction
• MA Mortenson
• MathWorks
• Megvii
• Microsoft
• Miso Robotics
• Mobvoi
• Neato Robotics
• Neurala
• NoteVault
• Nuance
• Nvidia
• Oculo.ai
• OpenSpace.ai
• Oracle
• PerceptiLabs
• PlanGrid
• Procore
• Pype
• Q&D Construction
• Qualcomm
• QualisFlow
• RapidMiner
• RealEyes
• Robotiq
• SAALG Geomechanics
• Salesforce
• SafeAI
• Samsung
• SAP
• SAS
• S-Cube Futuretech
• Semusi
• Sensera systems
• SenseTime
• Shanghai Electric Group
• Sherpa.ai
• Shimizu
• Sidewalk Labs
• Siemens
• Skanska
• Smartvid.io
• Sony
• SoundHound
• Spacemaker
• SparkCognition
• StructionSite
• Strukton Rail
• Synchro
• Syntiant
• Teradyne
• Tencent
• Textura
• ThyssenKrupp
• Tibo Software
• Trimble
• Ultraleaps
• Versatile.ai
• ViAct
• Viewpoint
• Vinci
• Warfel Construction
• Wave Computing
• Wolfram
• Yaskawa

For more information about this report visit https://www.researchandmarkets.com/r/s5rzms

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