What is Generative AI in the construction industry?

Generative AI refers to artificial intelligence systems that can autonomously generate designs, solutions, or simulations based on specified constraints or objectives. In construction, it's utilized for tasks such as design optimization, layout planning, and resource allocation.

How big is Generative AI in Construction Market?

The Global Generative AI in Construction Market size is expected to be worth around USD 2,855.1 Million by 2033, from USD 142 Million in 2023, growing at a CAGR of 35% during the forecast period from 2024 to 2033.

Who are the top players operating in the generative AI In construction market?

The major players operating in the generative AI In construction market are Autodesk Inc., Dassault Systemes, Trimble, Bentley Systems, Katerra, Oracle Corporation, Aurora Computer Services, Building System Planning Inc., IBM Corporation, Microsoft Corporation, Other Market Players

Which region will lead the global generative AI In construction market?

In 2022, North America held a dominant market position in the generative AI in construction sector, capturing a significant market share.

What are the challenges associated with implementing Generative AI in construction?

Challenges include data quality and availability, integration with existing design tools and workflows, trust and acceptance among industry professionals, and the need for specialized expertise to configure and interpret AI-generated solutions.

Global Generative AI In Construction Market By Type (Residential Construction, Commercial Construction, Industrial Construction, And Others), By Technology (Machine Learning, Natural Language Processing, And Others), By Application (Design And Planning, Construction Optimization, Others), By Region And Companies - Industry Segment Outlook, Market Assessment, Competition Scenario, Trends, And Forecast 2023-2032

Published date: Nov. 2024
Report ID: 116585
Number of Pages: 212
Format:

- Autodesk Inc.
- Dassault Systemes
- Trimble
- Bentley Systems
- Katerra
- Oracle Corporation
- Aurora Computer Services
- Building System Planning Inc.
- IBM Corporation
- Microsoft Corporation Company Profile
- Other Market Players
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Report ID 116585
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