What Technology Trends in the Construction Industry Can Bring Improvements?

This article is part of a blog series on construction 4.0 and embracing digitization, urbanization of emerging economies, and the changes it implies for the construction industry.

Technology is revolutionizing the digital transformation in the construction industry. Emerging technologies remodel our way of working and how we collaborate in our daily lives.

In the rapidly changing digital world, you meet the challenges of tomorrow, by proactively pushing changes through your organizations.

For example, Artificial Intelligence (AI) and the Internet of Things (IoT) may help you rid ineffectiveness and poor productivity. The construction technology trends in 2024 are reshaping the industry.

Why is technology changing the industry?

There are few drivers impacting changes in the industry, but they are crucial for the development of a digital world in the Architect, Engineers, Construction, and Operation (AECO) sector, as they complement each other and influence the use of emerging technologies. The drivers are described below.

Client Expectations

Clients’ expectations are more and more demanding and innovative, in a swiftly moving market. Clients ask for customization of products or materials to use in houses, offices, and infrastructure that are interchangeable, distinct, energy efficient, secured, and healthy.

Technology capabilities

Connected sensors, hardware, and software prices are decreasing, so they can be used in your projects easily and efficiently. Here are some examples of new technologies used by professionals:

Start-up creation

More and more startups are created every day, delivering profitable solutions to the construction industry. According to a report on startups in 2023 the industry reached over $30 billion in total venture funding. Despite the VC funding shrinking, construction tech's growth has accelerated since 2022. The share of construction tech in total venture funding has tripled.

Tracxn’s March 2024 data show that 77% of investments are made in U.S. startups. The U.K. leads in Europe, followed by France, and the Netherlands.

Resistance to change

Despite an industry that is prone to resistance to change, the younger generation of professionals are familiar with technologies and are watching closely what the market has to offer, to streamline and automate processes.

Sustainable buildings

Digitization decreases the environmental impact construction projects may have on the planet. The construction industry, according to the International Energy Agency, accounts for 36% of worldwide energy use and 40% of CO2 emissions globally.

To accommodate a sustainable building growth from 2020 to 2060 of 2.6 trillion square feet of new floor area worldwide, governments that already mandated zero emissions from new construction will require energy-efficient buildings that use no fossil fuels to operate and renewable energy to power them.

Digital technology trends in construction in 2024

In 2024, the construction industry extends its growth, thanks to its technological advancements. Innovative construction technology is constantly improving efficiency, sustainability, and safety across projects worldwide. Building Information Modelling (BIM), Augmented Reality (AR), and Artificial Intelligence (AI), help the industry to embrace smarter, more connected construction processes. This article explores how the construction technology sector in 2024 will drive the future of construction.

New surveying method

Ground conditions are delaying projects’ completion. By mitigating this risk and increasing accuracy and speed, surveyors may combine several advanced techniques like high-definition photography, 3D laser scanning, and geolocation systems.

Building Information Modelling (BIM)

BIM is a digital representation of the physical and functional attributes of a project. It plans, scopes, schedules, and verifies that clients' requirements are met through its life cycle.

Combining BIM, immersive technologies, and wearable devices will help transform the construction industry's decision-making process.

Digital information

Automating and systemizing workflows in a construction project will improve collaboration and data collection across all stages of a project to facilitate the management of people through scheduling, materials through procurement, estimate systems, and quality control processes.

Data management

The Internet of Things (IoT), artificial intelligence, sensors, and near-field-communication (NFC) devices will collect and manage data.

Using a platform on the cloud allows project managers to monitor the productivity and reliability of construction machinery, equipment, materials, and structure assembly.

Future-proof design and construction

The building materials worldwide industry market reached USD 1.33 trillion in 2023 and will grow to USD 1.81 trillion by 2031. With new building materials, you can speed up your project’s delivery, improve quality and safety, and reduce costs.

Examples of new materials are:

Evolution of construction technology

New technology helps to streamline the construction processes.

Immersive technologies

Immersive technologies include Augmented Reality(AR) and Virtual Reality (VR). Together they had a market value of USD 6.01 billion in 2023. It is expected to grow to USD 6.99 billion by 2024, representing an annual growth of 16.4%.

AR superimposes a computer-generated image on the real world, to help visualize objects, and find out how they will behave in their real environment by displaying information about equipment.

Drones

In the construction industry, the use of drones can be inside a building to survey a specific room, or outside to scan hazardous sites. The possibilities are endless as drones can be used in various applications.

Drones are very trendy right now in the construction industry, thanks to their ability to collect data. They offer great benefits in surveyance, site monitoring, site safety and security, and project management.

Drone technology can be used throughout the whole life cycle of a project, for example:

  • scoping the project by collecting rich media like photos, videos, and imagery that can be inserted into the BIM Execution Plan (BEP)
  • tracking the construction progress in real time
  • optimizing the efficiency and usage of construction by collecting real-time data.

Surveying a site can be done in minutes, compared to traditional methods that could take weeks or even months. So, it saves time and money and improves accuracy.

In conclusion

You can expect some great digital solutions in the construction industry, revolutionizing how we work. The industry is going through interesting times right now with automation and digitization.

The construction industry consists of bespoke projects and one-off designs, and every building is unique so implementing digital solutions requires:

  • identifying repetitive and hazardous tasks
  • automating processes that are common in the industry.

Digitization will improve the quality and sustainability of your projects.

Driving Vision's technology appraisal looks at the best way to insert innovative technology in your workflows and how to move your organization to cloud computing so you can open new possibilities for your daily planning tasks and make sure your data never leaves the optimally secured data center.

A Driving Vision expert will conduct the interviews online, issue a report, and discuss our findings with you. Together we can decide the best way to implement the solutions at your pace and according to your budget.

Implementing BIM can be daunting, but Driving Vision is here to help you at the pace you are comfortable with. Get started by getting in touch now

How can we maximise your return on investment?

75%

Of practices using BIM made positive ROI

65%

Of practices using BIM improved health and safety

41%

Of practices using BIM decreased errors and omission

59%

Of practices using BIM enhanced their practice image

35%

Of practices using BIM claimed less litigations

31%

Of practices using BIM reduced rework

It might seem daunting, time consuming & prohibitive for smaller practices, to implement BIM. Not with Driving Vision!

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