Augmented Reality In Construction Market - Forecast to 2026

As per the research conducted by GME, the Augmented Reality In Construction Market will grow with a CAGR value of around 25 percent over the forecast period.

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By Offering (Hardware & Equipment, Sofrware & Applications), By Application (Project Planning, 3D Mapping, Automated Measures, Project Modification, On Site Information, Team Collaboration, Training), By Stage (Pre-Construction, On-Going Construction, Post Construction), By Deployment (Cloud, IOT, Others), By Region (North America, Asia Pacific, Europe, Latin America, Middle East & Africa); End-User Landscape, Company Market Share Analysis, and Competitor Analysis

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Augmented Reality In Construction offers an effective edge and advantage in the various phases of the construction. This AI technology helps in enhancing the overall construction experience for civil engineers, architects, and laborers. Improvement in decision making, data modeling, and material usage are key offerings by AR in the construction industry. The upcoming of new wearable products such as helmets and goggles specially made for civil engineers and architects will result in wide industrial expansion.

Pre-construction stage will witness the highest growth
Pre-construction stage will foresee the fastest CAGR up to 2026. Increasing requirements to conduct effective planning, measurement, location information, and training are major reasons to drive growth in this segment. The effective planning leads to efficient results which has positively encouraged the adoption of AR in the construction industry.

IOT being the major deployment type implemented in the industry
As of now, IOT deployment led the AR in Construction market due to its suitability, compatibility, wide coverage, and easy operability in different purposes and applications. However, cloud computing holds a lucrative opportunity in the near future. This technology and deployment method is proven to be efficient and time saving. Various large scale companies are capitalizing on cloud based infrastructure solutions.

Europe holds a promising future during the forecast period
Europe AR in the Construction market, led by Germany, UK, Italy, and France holds a huge potential in the coming years. Heavy investment in renovation and remodeling along with emerging trends to adopt the latest technological tools in civil engineering will drive the regional demand. The presence of numerous companies offering lucrative product offerings along with the presence of a knowledgeable and skilled labor force will help in regional penetration.

Product advancement and innovation will be prime strategies
The global company market share is at its development stage as very few companies are present in the industry to offer AR services in the construction industry. Major identified companies include but not limited to Akular AR, Arvizio, GAMMA AR, Innovative Construction Technology (ICT), VisualLive, Morpholio AR, The Wild, DAQRI, MeasureKit, AirMeasure, Fologram, ARki, WakingApp, Dalux, Paracosm, Immotef, Holobuilder, ShilpMIS Technologies, Sensopia, Pandora Reality, and Kalloc Studios. The companies mainly concentrate on application development and collaboration with the architectural companies to streamline the overall process.

Offering Outlook (Revenue, USD Million, 2021-2026)
• Hardware & Equipment
• Software & Applications

Application Outlook (Revenue, USD Million, 2021-2026)
• Project planning
• 3D mapping
• Automated Measurements
• Project Modification
• On site information
• Team collaboration
• Training

Stage Outlook (Revenue, USD Million, 2021-2026)
• Pre-construction
• On-going construction
• Post construction

Deployment Outlook (Revenue, USD Million, 2021-2026)
• Cloud
• IOT
• Others

Regional Outlook (Revenue, USD Million, 2021-2026)
North America
• U.S.
• Canada
Europe
• Germany
• UK
• France
• Italy
• Spain
Asia Pacific
• China
• India
• Japan
• South Korea
• Australia
Latin America
• Brazil
• Mexico
Middle East & Africa
• Saudi Arabia
• UAE

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