IoT in Construction Market

How IoT Is Boosting Productivity and Safety in the Construction Industry 

IoT in construction means using devices that are connected to the internet and sensors. These devices used to gather and study information. This is helping to make construction projects faster and safer. According to Allied Market research, the global IoT in construction industry is expected to reach a CAGR of 14.6% from 2022 to 2031. 

The rise of smart sensors and sustainability trends in construction 

In construction, IoT is bringing important changes that help to organize work and get things done better. Companies in this industry are using smart sensors and wearable devices. These IoT devices are placed on construction sites to track equipment performance, check environmental conditions, and monitor workers health. Smart sensors share live updates about things like temperature, humidity, and the status of the machines, which helps to make the right decisions and fix issues before it turns into bigger problems. In addition, wearable devices warn workers about unsafe conditions, making the construction site safer for everyone. In October 2022, PERI, a leading manufacturing company, partnered with Deutsche Telekom and SYFIT to introduce IoT solutions to construction sites. The goal is to improve the management and tracking of formwork elements across different construction projects. 

With the growing need for eco-friendly and energy-saving solutions in the construction industry, the use of IoT technologies is also increasing. These technologies are helping to check the use of energy and make sure to follow environmental rules. Smart meters and sensors give construction companies a live update about the use of energy and its impact on the environment. This enables them to follow sustainable methods and reduce their carbon footprint. Such initiatives meet the growing focus of the industry toward eco-friendly construction and keeping the environment safe. 

Recent initiatives taken by top players in the industry 

In August 2024, Eyrus, a technology company, and Insight Risk Technologies partnered to offer complete IoT solutions for construction sites and insurance. The goal is to improve safety, reduce losses, and boost the financial performance of the projects. This partnership also helped to stop water and fire damage, which are two big reasons for delays and extra costs at construction sites.

In January 2024, HD Hyundai, a company that makes construction machines, partenered with Amazon Web Services) to build construction sites that run without people by using robots and technology. They announced this partnership at CES 2024. The goal is to boost safety on construction sites by using more automation. This partnership focused on building a connected platform for HD Hyundai XiteSolution’s smart construction machines, using advanced technology to make the equipment more productive. 

Robotics in construction to fuel growth opportunities 

Although robotics is used in the construction industry, but still very few commercial robots work on construction sites. Robotic technology reduces the need for human workers in the construction sector for tasks like bricklaying, plastering, surveying, welding, and other construction-related jobs. Also, robotic devices use technologies like artificial intelligence and the IoT to easily collect live data at the location without the need for special machine. In addition, robots are monitored and controlled from a distance, which helps to get work done faster and makes the construction site safer. With more construction companies using robots, the industry for IoT in construction is expected to grow. 

Final thoughts 

IoT and smart sensors are changing the construction industry by making it safer and faster.  The increasing use of wearable devices and the number of robots monitoring live work,  improve project management, and reduce risks. Moreover, these technologies protect the environment and drive the growth of this industry, which is shaping the future of the construction sector.