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IoT In construction Market Revenue Growth On Track For A 16.3% CAGR Through 2030
The iot in construction market has experienced significant expansion in recent years. It is forecast to grow from $15.59 billion in 2025 to $18.13 billion in 2026, demonstrating a compound annual growth rate (CAGR) of 16.3%. Historically, this expansion has been driven by the adoption of basic automation tools, the growth of commercial and residential construction, an increasing demand for project efficiency, rising labor costs, and the early integration of sensors and tracking devices.
The iot in construction market is projected to experience substantial expansion in the coming years, reaching $33.19 billion in 2030 at a compound annual growth rate (CAGR) of 16.3%. This anticipated growth during the forecast period is primarily driven by several factors, including enhanced IoT-enabled construction equipment, the rise of intelligent infrastructure initiatives, the incorporation of AI for proactive maintenance, wider use of wearable technology for ensuring worker safety, and the increasing uptake of cloud-based solutions for project management. Key trends expected over the forecast period encompass continuous equipment oversight, forward-looking maintenance strategies, monitoring for worker safety, optimizing construction sites, and improving the efficiency of resource deployment.
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IoT In construction Market Industry Drivers: What’s Behind The Revenue Growth?
The IoT in construction market is anticipated to experience growth going forward, propelled by the increasing adoption of industrial automation. Industrial automation involves the utilization of sophisticated technologies, control systems, and machinery to automate processes and operations across industries. The incorporation of industrial automation with IoT technologies in construction leads to improved productivity, heightened safety, better resource management, and more informed decision-making processes, ultimately paving the way for construction practices that are both more efficient and sustainable. For instance, in April 2024, data from the International Federation of Robotics, a Germany-based professional non-profit organization focused on promoting, strengthening, and protecting the robotics industry, indicated that sales in the automotive segment rose by 1% in 2023, with a record 14,678 robots installed. This growth followed a substantial 47% increase in installations in 2022, which reached 14,472 units. Thus, the expansion of industrial automation is a key factor driving the growth of the IoT in construction market.
IoT In construction Market Segmentation: How Does The Market Break Down By Category?
The iot in construction market covered in this report is segmented –
1) By Type: Hardware, Software, Connectivity, Services
2) By Application: Machine Control, Site Monitoring, Fleet Management, Wearables, Other Applications
3) By End User: Residential, Non-Residential
Subsegments:
1) By Hardware: Sensors, Cameras, Wearables, RFID Tags
2) By Software: Project Management Software, Building Information Modeling (BIM) Software, Asset Tracking Software
3) By Connectivity: Cellular Networks, Wi-Fi, Low Power Wide Area Networks (LPWAN), Satellite
4) By Services: Consulting Services, System Integration Services, Maintenance And Support Services
#IoT In construction Market Growth Trends: What’s Shaping The Future Outlook?
Leading firms in the IoT in the construction market are introducing novel offerings, such as the ‘connect box’, to boost their market earnings. This ‘connect box’ functions as a comprehensive, open IoT solution, integrating the core features of a gateway, controller, and modem into one unit. As an illustration, in March 2023, Siemens, an automation firm headquartered in Germany, unveiled its Connect Box, an intelligent IoT system tailored for effective management of small to medium-sized structures. This cloud-based device facilitates central oversight of various building management operations, including optimizing energy use and monitoring internal air quality, all without requiring extra software or gateway devices. Capable of supporting diverse communication protocols and linking to over 500 field devices, its purpose is to improve environmental responsibility, adaptability in operations, and wellness benchmarks within premises such as schools, retail shops, and offices. The Connect Box aligns with Siemens’ wider objective of creating more intelligent and energy-efficient infrastructural systems.
IoT In construction Market Competitive Overview And Top Companies
Major companies operating in the iot in construction market are Trimble Inc., Pillar Technologies Inc., Triax Technologies, Brickeye LLC, Hilti Aktiengesellschaft, Topcon Corporation, Autodesk Inc., Oracle Corporation, Hexagon Metrology AB, Sigfox S.A., Caterpillar Inc., Losant IoT Inc., Giatec Scientific Inc., WorldSensing S.L., Kore Wireless Group.Inc., Robert Bosch GmbH, Versatile Natures LLC, SiteAware Inc., SmartVid Inc., Reconstruct Inc., Rhumbix Inc., Bridgit Solutions Inc., PlanGrid Inc., Procore Technologies Inc., Fieldwire Inc., BuildingConnected Inc., Bluebeam Inc., Raken Inc., Honeywell International Inc.
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IoT In construction Market Regional Analysis: Which Geography Leads On Revenue?
North America was the largest region in the IoT in construction market in 2025.Asia-Pacific is expected to be the fastest-growing region in the global IoT in construction market report during the forecast period. The regions covered in the iot in construction market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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Wasay has over a decade of experience in market research, data modelling, and analytics, with prior experience at GlobalData and Decision Tree Consulting Services. At The Business Research Company , he leads research operations across syndicated studies, customized consulting engagements, and the Global Market Model platform. His professional experience includes supporting organizations such as Boston Consulting Group, KPMG, and Ernst & Young. Wasay holds a degree in Electronics and Communications Engineering, postgraduate management qualifications from International Management Institute Belgium and Indian School of Business and Entrepreneurship, and completed the Integrated Program in Business Analytics from Indian Institute of Management Indore.
