Construction Technology: Building for the Future

Posted: October 2017

By: Geneve Estrada

When it comes to technology, a lot of the focus and awareness lie within the automotive industry with their autonomous vehicles, space transport with the introduction of SpaceX, all the way to the disruption in mobile technology and the growth of mobile payments. This leads to the more inconspicuous construction industry being pushed out of the spotlight, despite the tremendous growth happening in that space.

Ripe for technological takeover

Even as a ripe $10 trillion global industry, the technology gap in construction becomes wider as employee safety and inability rises to the forefront.

(Source: McKinsey Global Institute)

With a large area of work to cover, surveying and inspection take days for a human to do, making it one of the many reasons construction as an industry has become unproductive leading to many jobs becoming unfulfilled.

This stems for the need for technology to come in.

A digital revolution is underway

In an increasingly competitive landscape, the adoption of digital technologies is the driving force for innovation within the construction sector.

The great news is that it’s not just limited to specific aspects such as infrastructure or project management, but is being implemented in various aspects of the industry.

Current Technology trends

3D Concrete Printing

It comes as a surprise that there is a market for 3D printing even in construction, with a world first 3D printed office existing in Dubai.

Fuelled by the rise in industrialisation, the construction sector is the perfect place to fuel the growth of the 3D concrete printing market, which is transforming the construction industry as a quick and cost-effective solution.

(Source: Markets and Markets)

As a scalable and agile solution, the market size growth for 3D concrete printing is approximated to increase from USD 24.5 Million in 2015 to USD 56.4 Million by 2021, at a CAGR of 15.02%, making it a viable area for investment.

Augmented and Virtual Reality

Augmented and virtual reality will shift the way employers train staff to ensure safety and quality as they train in a virtual environment. Even communication (language) barriers cease to become an issue.

Common Data Environment

The use of industry software such as AutoCAD brings a design to reality and with the emergence of cloud technologies, communication and sharing will become easier and more accessible.