The 5 Biggest Trends in Construction Industry in 2021
2021 will be a year of reemergence and growth in construction industry after a turbulent year of changing forecasts and expectations. Construction costs continue to increase, and there is a shortage of skilled labor as well as tighter government regulations that reduce margins for error and waste.
COVID-19 has changed the way projects are scheduled & clients are met in the construction industry this year. Shortly, the impact of the pandemic will have a significant impact on many industry trends.
With the advancement of technology, construction sites are becoming more efficient, better able to win projects, and generate increased profits. Professionals and frontline workers are facing new trends and movements.
Uses of Construction Drones
According to the U.S. Bureau of Labor Statistics, the usage of drones in construction has increased by 239 percent since 2015. Its applications go far beyond real estate and commercial photography.
Using drones today, users can collect aerial thermal imagery and heat maps of large areas quickly and over long distances. With drone software, construction teams can take actionable, real-time decisions in real-time, increasing efficiency and streamlining the entire process.
A major source of construction liabilities is personal safety concerns, but equipment losses are also a concern. As a result, drones can replace humans for jobs that require scaling super tall structures and preventing injuries. In addition to reducing labor costs and minimizing theft risks, drones can minimize hiccups and keep projects on schedule.
The advancement of AI in construction equipment organization and monitoring depreciation is more advanced future uses.
Augmented Reality (AR)
A market worth $37 billion in 2019 is project to be worth $1.2 trillion by the end of the decade. AR means visualizing a project before construction begins so that clients and tenants can envision it.
Building Information Modeling (BIM)
Industry leaders are using BIM to improve efficiency. Through BIM, building renderings and utilities can simulate on computers. Models and data sharing can lead to the prefabrication of parts on time and accurately due to the ease of managing these models.
In Autodesk's words, it's a tool that helps professionals manage buildings and infrastructure through intelligent 3D models.
Remote Access & Mobile Sites
Apps for mobile devices in the construction industry provide users with unprecedented access to the job site, including real-time inspections and accurate measurements, which can take using a mobile phone's camera.
As part of COVID-19, teams had to continue collaborating without seeing materials, space, or even each other. Public projects can continue to move forward, knowing public approval meetings can be held virtually instead of in person. The future will face some difficulties for those without full mobile connectivity.
IBM, Microsoft, and Cisco are among some of the biggest tech companies investing in smart, sustainable cities. Cities such as these require more planning and development and require greater interconnection than most megaprojects.
In 2020, the global smart infrastructure market will be worth $120 billion, and spending will accelerate sharply in the coming years.
In the U.S., some notable mega projects expect to occur along the Delhi Mumbai Industrial Corridor in India, Song-do International Business District in South Korea, and Masdar City in the United Arab Emirates.
These projects will affect the economy, improve the infrastructure, and contribute to the environment. The cost of these projects ranges from tens of billions of dollars to over $100 billion.
The construction industry is facing increasing challenges; rising prices, skill shortages, and increased regulatory scrutiny on workplace safety as well as adaptation to climate change are likely to continue in the coming decade.
To reduce risk, win more contracts, and enjoy profitability, builders, and developers can implement new practices, leverage new technologies, and invest in new projects.
To learn more, watch the following video tutorial.
Video Source: Geospatial World