The focus of the construction industry is now fixated on both sustainability and energy-efficiency of the project through the use of advanced technologies. With shrinking timelines and rising costs, the construction magnates find it imperative to adopt the latest trends to remain relevant in the market.
Fremont, CA: Construction technology, despite its large-scale rollouts, has adopted new techniques and tools at snail's pace. However, since last year, the industry is under a paradigm shift. By the year 2023, the construction industry is estimated to be worth more than $690 billion. With that in mind, 2020 is the year to watch out for increased technological implementations.
A greater movement of the population is noted to migrate towards urban shores, increasing the demand for residential construction. To accommodate this demand, private builders are leveraging new-age construction technologies for building better quality buildings with quicker progression in a shorter duration. The builders are adopting newer technologies not only as a project management solution but also for in-depth assistance during construction, excavation, and surveillance.
Technologies such as modular building, wearable safety devices, 3D printing, drones, cloud computing, and building information modeling (BIM) are transforming the fabric of construction, weaving in innovations along with traditional manual processes. AI, VR, and AR are the disruptive tools that are available for the builders to enhance worker performance and efficiency. Rather than replacing the human workforce, these technologies focus on increasing performance and onsite safety. Out of all, 3D printing has been the most popular new-age technology that the construction industry has seen so far. This technology provides flexibility in design, better sustainability, along with improved costs. With a specific user interface, construction firms can offer more leeway to its designers and enhanced user experience to its customers. Features such as time solutions, equipment rentals, and change orders can also help manage projects seamlessly.
Residential and commercial development will be boosted as the widespread use of BIM is encouraged in the next decade as modular and prefabricated construction projects are gaining popularity. Statistics show that the modular construction market will reach $157 billion by 2023. BIM and modular construction tools are capable of producing computer-generated images that depict roads and other entities. It helps the contractors to visualize the process of construction at the beginning of the planning stage. These tools will enlighten the vendors and help the workers understand the type of building material to use. The images can also be used to determine and estimate the character and quantity required for the project. BIM and modular construction will help reduce the wastage of resources by recognizing the areas where energy improvement and testing can be carried out.
The focus of the construction industry is now fixated on both sustainability and energy-efficiency of the project by employing advanced technologies. With shrinking timelines and rising costs, the construction magnates find it imperative to adopt the latest trends to remain relevant in the market.
See Also: Top Construction Technology Companies