Exponential growth of AI in construction by 2029
Positive Growth Projection in the Coming Years
A positive outlook for AI in the construction sector is evident. The data speaks for itself. According to the recent analysis (“AI In Construction Global Market Report 2025”) by The Business Research Company, a leading market research firm, the size of the artificial intelligence market in construction has grown exponentially in recent years. It is projected to increase from $1.76 billion in 2024 to $2.29 billion in 2025 at a compound annual growth rate (CAGR) of 30.0%. The growth in the historical period, as analyzed by the firm, can be attributed to efficiency improvements, cost reductions, data analytics, automation in construction processes, and enhanced safety.
Even more intriguing is the forecast for the growth of the artificial intelligence market in construction. The outlook predicts exponential growth, reaching $7.21 billion in 2029 at a compound annual growth rate (CAGR) of 33.2%.
The growth during the forecast period, as per the company’s analysis, can be attributed to predictive maintenance, increased adoption of drones, AI-based project risk management, supply chain optimization, and augmented reality (AR) applications.
Key trends during the forecast period include autonomous construction equipment, predictive analytics for project management, computer vision for site monitoring, collaborative robots (cobots), energy efficiency, and sustainable construction practices.
New Training Plans on Artificial Intelligence
ANCE (National Association of Building Contractors) has conducted a survey on the relationship between artificial intelligence and the world of work. This study also highlights a positive projection for AI in the construction sector.
The document specifically examines the impacts of Artificial Intelligence in construction, the ethical dimension of AI, balancing opportunities and risks, and the importance of training. “It will be essential and strategic,” the report states, “to implement new training plans on artificial intelligence at all levels, both in academia and in the corporate environment, with a focus on lifelong learning.”