AI in construction market Size, Share, Growth, Analysis, Trend, and Forecast Research Report by 2030
Market Overview: Artificial intelligence (AI) is rapidly transforming the construction industry, helping to improve efficiency, productivity, and safety. AI is being used to automate tasks, improve decision-making, and identify and mitigate risks. The AI in construction market size is projected to grow from USD 0.47 Billion in 2023 to USD 2.60 billion by 2030, with CAGR of 33.20% by 2030. Here is an overview of some of the ways that AI is being used in construction: Project planning and management: AI can be used to optimize project schedules, allocate resources efficiently, and identify and mitigate potential risks. For example, AI-powered tools can help to predict the likelihood of delays and cost overruns, and suggest mitigation strategies. Design and engineering: AI can be used to design and engineer more efficient and sustainable buildings and infrastructure. For example, AI-powered tools can be used to optimize the design of energy systems and reduce the environmental i...