The North America IoT in Construction Market would witness market growth of 13.3% CAGR during the forecast period (2023-2029).
Building information modeling (BIM) software, smart wearables, RFID tagging & tracking, and other internet-connected devices have decreased resource waste, decreased the number of accidents and fatalities on construction sites, allowed for remote monitoring, and enabled data collection, resulting in higher efficiency and optimized financial resources. Effective site safety management significantly influences the construction industry's use of IoT technology.
Construction is one of the industries with the highest human resource demands. The personnel is constantly in danger of accidents on construction sites due to fatigue, working in hazardous places, and falling objects. IoT-connected tools, such as exoskeletons, sensors, smartwatches, and other devices, make workers more resilient and track environmental, biological, and physical factors, including temperature, heart rate, blood pressure, and location. Because connected devices are used to effectively manage safety on construction sites, the demand for IoT in construction market is growing.
The governments of Canada and Alberta have committed approximately 52,7 million USD to the building of several infrastructure projects. The United States is Mexico's most popular travel destination. In 2021, 10.4 million Mexicans traveled to the United States, comprising 47 percent of all international visitors. Hence, the prevalence of hotels & restaurants would rise. Furthermore, together with the expansion of the construction industry in North American nations, the utilization of cutting-edge technology for construction activities is increasing. Thus, it is projected that the North American market will expand.
The US market dominated the North America IoT in Construction Market by Country in 2022, and would continue to be a dominant market till 2029; thereby, achieving a market value of $7,328.9 million by 2029. The Canada market is poised to grow at a CAGR of 15.9% during (2023 - 2029). Additionally, The Mexico market would witness a CAGR of 14.9% during (2023 - 2029).
Based on End User, the market is segmented into Non-residential and Residential. Based on Component, the market is segmented into Hardware, Software, Services and Connectivity. Based on Application, the market is segmented into Predictive Maintenance, Asset Monitoring, Wearables, Fleet Management and Others. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
Free Valuable Insights: The Worldwide IoT in Construction Market is Projected to reach USD 30.2 Billion by 2029, at a CAGR of 14.1%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Autodesk, Inc., Advanced Opto-Mechanical Systems and Technologies Inc., CalAmp Corp, Hexagon AB, Hilti AG, Oracle Corporation, Topcon Corporation, Triax Technologies, Inc., Trimble, Inc., and Giatec Scientific Inc.
Scope of the Study
Market Segments Covered in the Report:
By End User
- Non-residential
- Residential
By Component
- Hardware
- Software
- Services
- Connectivity
By Application
- Predictive Maintenance
- Asset Monitoring
- Wearables
- Fleet Management
- Others
By Country
- US
- Canada
- Mexico
- Rest of North America
Key Market Players
List of Companies Profiled in the Report:
- Autodesk, Inc.
- Advanced Opto-Mechanical Systems and Technologies Inc.
- CalAmp Corp
- Hexagon AB
- Hilti AG
- Oracle Corporation
- Topcon Corporation
- Triax Technologies, Inc.
- Trimble, Inc.
- Giatec Scientific Inc.
Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 North America IoT in Construction Market, by End User
1.4.2 North America IoT in Construction Market, by Component
1.4.3 North America IoT in Construction Market, by Application
1.4.4 North America IoT in Construction Market, by Country
1.5 Methodology for the research
Chapter 2. Market Overview
2.1 Introduction
2.1.1 Overview
2.1.1.1 Market Composition & Scenario
2.2 Key Factors Impacting the Market
2.2.1 Market Drivers
2.2.2 Market Restraints
Chapter 3. Competition Analysis - Global
3.1 KBV Cardinal Matrix
3.2 Recent Industry Wide Strategic Developments
3.2.1 Partnerships, Collaborations and Agreements
3.2.2 Product Launches and Product Expansions
3.2.3 Acquisition and Mergers
3.2.4 Geographical Expansions
3.3 Market Share Analysis, 2021
3.4 Top Winning Strategies
3.4.1 Key Leading Strategies: Percentage Distribution (2018-2022)
Chapter 4. North America IoT in Construction Market by End User
4.1 North America Non-residential Market by Country
4.2 North America Residential Market by Country
Chapter 5. North America IoT in Construction Market by Component
5.1 North America Hardware Market by Country
5.2 North America Software Market by Country
5.3 North America Services Market by Country
5.4 North America Connectivity Market by Country
Chapter 6. North America IoT in Construction Market by Application
6.1 North America Predictive Maintenance Market by Country
6.2 North America Asset Monitoring Market by Country
6.3 North America Wearables Market by Country
6.4 North America Fleet Management Market by Country
6.5 North America Others Market by Country
Chapter 7. North America IoT in Construction Market by Country
7.1 US IoT in Construction Market
7.1.1 US IoT in Construction Market by End User
7.1.2 US IoT in Construction Market by Component
7.1.3 US IoT in Construction Market by Application
7.2 Canada IoT in Construction Market
7.2.1 Canada IoT in Construction Market by End User
7.2.2 Canada IoT in Construction Market by Component
7.2.3 Canada IoT in Construction Market by Application
7.3 Mexico IoT in Construction Market
7.3.1 Mexico IoT in Construction Market by End User
7.3.2 Mexico IoT in Construction Market by Component
7.3.3 Mexico IoT in Construction Market by Application
7.4 Rest of North America IoT in Construction Market
7.4.1 Rest of North America IoT in Construction Market by End User
7.4.2 Rest of North America IoT in Construction Market by Component
7.4.3 Rest of North America IoT in Construction Market by Application
Chapter 8. Company Profiles
8.1 Autodesk, Inc.
8.1.1 Company Overview
8.1.2 Financial Analysis
8.1.3 Regional Analysis
8.1.4 Research & Development Expenses
8.1.5 Recent strategies and developments:
8.1.5.1 Partnerships, Collaborations, and Agreements:
8.1.5.2 Product Launches and Product Expansions:
8.1.5.3 Acquisition and Mergers:
8.1.6 SWOT Analysis
8.2 Advanced Opto-Mechanical Systems and Technologies Inc.
8.2.1 Company Overview
8.3 CalAmp Corp.
8.3.1 Company Overview
8.3.2 Financial Analysis
8.3.3 Segmental and Regional Analysis
8.3.4 Research & Development Expenses
8.3.5 Recent strategies and developments:
8.3.5.1 Partnerships, Collaborations, and Agreements:
8.3.5.2 Product Launches and Product Expansions:
8.4 Hexagon AB
8.4.1 Company Overview
8.4.2 Financial Analysis
8.4.3 Regional & Segmental Analysis
8.4.4 Research & Development Expenses
8.4.5 Recent strategies and developments:
8.4.5.1 Partnerships, Collaborations, and Agreements:
8.4.5.2 Acquisition and Mergers:
8.5 Hilti AG
8.5.1 Company Overview
8.5.2 Financial Analysis
8.5.3 Regional Analysis
8.5.4 Research & Development Expenses
8.5.5 Recent strategies and developments:
8.5.5.1 Partnerships, Collaborations, and Agreements:
8.5.5.2 Product Launches and Product Expansions:
8.5.5.3 Acquisition and Mergers:
8.6 Oracle Corporation
8.6.1 Company Overview
8.6.2 Financial Analysis
8.6.3 Segmental and Regional Analysis
8.6.4 Research & Development Expense
8.6.5 Recent strategies and developments:
8.6.5.1 Geographical Expansions:
8.6.6 SWOT Analysis
8.7 Topcon Corporation
8.7.1 Company Overview
8.7.2 Financial Analysis
8.7.3 Segmental and Regional Analysis
8.7.4 Research & Development Expenses
8.7.5 Recent strategies and developments:
8.7.5.1 Acquisition and Mergers:
8.8 Triax Technologies, Inc.
8.8.1 Company Overview
8.8.2 Recent strategies and developments:
8.8.2.1 Product Launches and Product Expansions:
8.9 Trimble, Inc.
8.9.1 Company Overview
8.9.2 Financial Analysis
8.9.3 Segmental and Regional Analysis
8.9.4 Research & Development Expenses
8.9.5 Recent strategies and developments:
8.9.5.1 Partnerships, Collaborations, and Agreements:
8.9.5.2 Acquisition and Mergers:
8.10. Giatec Scientific Inc.
8.10.1 Company Overview
TABLE 1 North America IoT in Construction Market, 2019 - 2022, USD Million
TABLE 2 North America IoT in Construction Market, 2023 - 2029, USD Million
TABLE 3 Partnerships, Collaborations and Agreements– IoT in Construction Market
TABLE 4 Product Launches And Product Expansions– IoT in Construction Market
TABLE 5 Acquisition and Mergers– IoT in Construction Market
TABLE 6 Geographical Expansions – IoT in Construction Market
TABLE 7 North America IoT in Construction Market by End User, 2019 - 2022, USD Million
TABLE 8 North America IoT in Construction Market by End User, 2023 - 2029, USD Million
TABLE 9 North America Non-residential Market by Country, 2019 - 2022, USD Million
TABLE 10 North America Non-residential Market by Country, 2023 - 2029, USD Million
TABLE 11 North America Residential Market by Country, 2019 - 2022, USD Million
TABLE 12 North America Residential Market by Country, 2023 - 2029, USD Million
TABLE 13 North America IoT in Construction Market by Component, 2019 - 2022, USD Million
TABLE 14 North America IoT in Construction Market by Component, 2023 - 2029, USD Million
TABLE 15 North America Hardware Market by Country, 2019 - 2022, USD Million
TABLE 16 North America Hardware Market by Country, 2023 - 2029, USD Million
TABLE 17 North America Software Market by Country, 2019 - 2022, USD Million
TABLE 18 North America Software Market by Country, 2023 - 2029, USD Million
TABLE 19 North America Services Market by Country, 2019 - 2022, USD Million
TABLE 20 North America Services Market by Country, 2023 - 2029, USD Million
TABLE 21 North America Connectivity Market by Country, 2019 - 2022, USD Million
TABLE 22 North America Connectivity Market by Country, 2023 - 2029, USD Million
TABLE 23 North America IoT in Construction Market by Application, 2019 - 2022, USD Million
TABLE 24 North America IoT in Construction Market by Application, 2023 - 2029, USD Million
TABLE 25 North America Predictive Maintenance Market by Country, 2019 - 2022, USD Million
TABLE 26 North America Predictive Maintenance Market by Country, 2023 - 2029, USD Million
TABLE 27 North America Asset Monitoring Market by Country, 2019 - 2022, USD Million
TABLE 28 North America Asset Monitoring Market by Country, 2023 - 2029, USD Million
TABLE 29 North America Wearables Market by Country, 2019 - 2022, USD Million
TABLE 30 North America Wearables Market by Country, 2023 - 2029, USD Million
TABLE 31 North America Fleet Management Market by Country, 2019 - 2022, USD Million
TABLE 32 North America Fleet Management Market by Country, 2023 - 2029, USD Million
TABLE 33 North America Others Market by Country, 2019 - 2022, USD Million
TABLE 34 North America Others Market by Country, 2023 - 2029, USD Million
TABLE 35 North America IoT in Construction Market by Country, 2019 - 2022, USD Million
TABLE 36 North America IoT in Construction Market by Country, 2023 - 2029, USD Million
TABLE 37 US IoT in Construction Market, 2019 - 2022, USD Million
TABLE 38 US IoT in Construction Market, 2023 - 2029, USD Million
TABLE 39 US IoT in Construction Market by End User, 2019 - 2022, USD Million
TABLE 40 US IoT in Construction Market by End User, 2023 - 2029, USD Million
TABLE 41 US IoT in Construction Market by Component, 2019 - 2022, USD Million
TABLE 42 US IoT in Construction Market by Component, 2023 - 2029, USD Million
TABLE 43 US IoT in Construction Market by Application, 2019 - 2022, USD Million
TABLE 44 US IoT in Construction Market by Application, 2023 - 2029, USD Million
TABLE 45 Canada IoT in Construction Market, 2019 - 2022, USD Million
TABLE 46 Canada IoT in Construction Market, 2023 - 2029, USD Million
TABLE 47 Canada IoT in Construction Market by End User, 2019 - 2022, USD Million
TABLE 48 Canada IoT in Construction Market by End User, 2023 - 2029, USD Million
TABLE 49 Canada IoT in Construction Market by Component, 2019 - 2022, USD Million
TABLE 50 Canada IoT in Construction Market by Component, 2023 - 2029, USD Million
TABLE 51 Canada IoT in Construction Market by Application, 2019 - 2022, USD Million
TABLE 52 Canada IoT in Construction Market by Application, 2023 - 2029, USD Million
TABLE 53 Mexico IoT in Construction Market, 2019 - 2022, USD Million
TABLE 54 Mexico IoT in Construction Market, 2023 - 2029, USD Million
TABLE 55 Mexico IoT in Construction Market by End User, 2019 - 2022, USD Million
TABLE 56 Mexico IoT in Construction Market by End User, 2023 - 2029, USD Million
TABLE 57 Mexico IoT in Construction Market by Component, 2019 - 2022, USD Million
TABLE 58 Mexico IoT in Construction Market by Component, 2023 - 2029, USD Million
TABLE 59 Mexico IoT in Construction Market by Application, 2019 - 2022, USD Million
TABLE 60 Mexico IoT in Construction Market by Application, 2023 - 2029, USD Million
TABLE 61 Rest of North America IoT in Construction Market, 2019 - 2022, USD Million
TABLE 62 Rest of North America IoT in Construction Market, 2023 - 2029, USD Million
TABLE 63 Rest of North America IoT in Construction Market by End User, 2019 - 2022, USD Million
TABLE 64 Rest of North America IoT in Construction Market by End User, 2023 - 2029, USD Million
TABLE 65 Rest of North America IoT in Construction Market by Component, 2019 - 2022, USD Million
TABLE 66 Rest of North America IoT in Construction Market by Component, 2023 - 2029, USD Million
TABLE 67 Rest of North America IoT in Construction Market by Application, 2019 - 2022, USD Million
TABLE 68 Rest of North America IoT in Construction Market by Application, 2023 - 2029, USD Million
TABLE 69 Key Information – Autodesk, Inc.
TABLE 70 Key Information – Advanced Opto-Mechanical Systems and Technologies Inc.
TABLE 71 Key Information – CalAmp Corp.
TABLE 72 Key information – Hexagon AB
TABLE 73 Key Information – Hilti AG
TABLE 74 Key Information – Oracle Corporation
TABLE 75 key Information – Topcon Corporation
TABLE 76 Key Information – Triax Technologies, Inc.
TABLE 77 Key Information – Trimble, Inc.
TABLE 78 Key Information – Giatec Scientific Inc.
List of Figures
FIG 1 Methodology for the research
FIG 2 KBV Cardinal Matrix
FIG 3 Market Share Analysis, 2021
FIG 4 Key Leading Strategies: Percentage Distribution (2018-2022)
FIG 5 Recent strategies and developments: Autodesk, Inc.
FIG 6 SWOT Analysis: Autodesk, Inc.
FIG 7 Recent strategies and developments: CalAmp Corp.
FIG 8 Recent strategies and developments: Hexagon AB
FIG 9 Recent strategies and developments: Hilti AG
FIG 10 SWOT analysis: Oracle Corporation
FIG 11 Recent strategies and developments: Trimble, Inc.