The Internet of Things, or IoT, describes the use of connected sensors and actuators to control and monitor the environment, the things that move within it, and the people that act within it. IoT is hugely beneficial to the construction industry. It allows different assets and people to be monitored and accounted for across a traditionally fragmented industry.
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For an industry that has large sites to manage, strict project timelines, hazardous working conditions, and tight profit margins, IoT can create a manageable view of construction sites for project managers, streamline operations, and protect workers. In addition, it allows real-time data streams of assets, automates time-consuming tasks, and ensures employee safety and productivity.
Leading construction companies in IoT
IoT technologies are key to digitalisation in the construction industry. Sensors, asset monitors, wearables, and integration with building information modelling (BIM) can all improve safety, productivity, and, therefore, profit margins.
The design, planning, and financing areas of the construction project value chain benefit from the historic data and analytics from previous construction projects captured using IoT devices. This, combined with artificial intelligence (AI), can help forecast the materials and workers needed during the procurement stage and help forecast financing.
However, the industry uptake of IoT is not uniform globally. IoT will continue to disrupt the construction industry, particularly as edge computing develops and improves data processing capabilities, alongside the proliferation of connected devices. All construction companies should therefore invest in IoT.
Leading adopters of IoT in the construction industry are Shimizu, Vinci, Skanska, Acciona, AECOM, Laing O’Rourke, and Balfour Beatty.
Discover the leading IoT companies in the construction industry
Using its experience in the sector, World Construction Network has listed some of the leading companies providing products and services related to IoT.
The information provided in the download document is drafted for construction industry executives and technology leaders involved in IoT solutions.
The download contains detailed information on suppliers and their product offerings, alongside contact details to aid purchase or hiring decisions.
Amongst the leading vendors of IoT in the construction industry are Built Robotics, Honeywell, NavVis, Proxxi, Sensohive, Trimble, Smart Cap Technologies, Viloc, WorldSensing, and RealWear.
Future of IoT in construction
GlobalData has a positive view on the outlook for the global construction industry following the historic collapse in activity in 2020 due to Covid-19 restrictions. According to GlobalData forecasts, spending on IoT in construction will reach $9.6bn by 2025, up from $4.4bn in 2019, a compound annual growth rate of 14.6%.
For full details (including contact details) on the leading companies within this space, download the free Buyer’s Guide below:
Frequently asked questions
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How is IoT transforming the construction industry?
IoT is revolutionising construction by enabling real-time monitoring of assets, workers, and machinery, improving safety and efficiency on-site. IoT devices can track project progress, optimise resource usage, and enhance safety through wearable technology. This technology also facilitates predictive maintenance, reducing downtime and costs.
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What are common applications of IoT in construction?
IoT is commonly used for tracking equipment, monitoring worker safety, managing materials, and improving site security. Sensors and connected devices also enable data collection for better project planning and execution.
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How does IoT improve safety in construction?
IoT devices such as wearables monitor worker health and safety in real time, sending alerts in hazardous conditions. Smart sensors detect risks like unstable structures or dangerous gases, helping to prevent accidents on-site.
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What role does IoT play in predictive maintenance?
IoT sensors on machinery and equipment monitor performance, identifying signs of wear and tear before breakdowns occur. Predictive maintenance reduces downtime and maintenance costs by addressing issues before they cause operational disruptions.
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What challenges do companies face when implementing IoT in construction?
Challenges include high initial costs, data security concerns, and the need for training employees to use IoT technologies. Integrating IoT into existing systems also requires technical expertise and ongoing management to ensure optimal performance.