Home > Construction > Construction Equipment > Autonomous Construction Equipment Market

Autonomous Construction Equipment Market Trends

  • Report ID: GMI6556
  • Published Date: May 2024
  • Report Format: PDF

Autonomous Construction Equipment Market Trends

Autonomous construction equipment is witnessing significant technological advancements. Sensor advancements, such as LiDAR, radar, and high-resolution cameras, enable autonomous equipment to accurately and precisely sense its surroundings. This allows them to better navigate complicated building sites, recognize barriers & risks, and execute accurate operations. The development of faster and more powerful computers, along with advances in Artificial Intelligence (AI), enables autonomous equipment to handle complicated tasks, make real-time choices based on sensor data, and continually learn and improve performance over time. Wireless communication advancements such as 5G allow for smooth data interchange between autonomous equipment, control centers, and other construction machines. This enables greater coordination, remote monitoring, and real-time operational optimization.

Authors: Preeti Wadhwani, Aishvarya Ambekar

Frequently Asked Questions (FAQ) :

The market size of autonomous construction equipment was reached USD 8.8 billion in 2023 and will register over 7.5% CAGR between 2024 and 2032, driven by the surge in infrastructure development projects and the construction industry.

The earthmoving & roadbuilding equipment segment in the autonomous construction equipment market is expected to hold 52% share by 2032, owing to its frequent utility in repetitive operations such as excavating, hauling, grading, and paving.

Asia Pacific autonomous construction equipment market recorded 40% revenue share in 2023 and will grow rapidly through 2032, owing to the surge in infrastructure development projects.

Bobcat Company, Case Construction Equipment, Caterpillar Inc., Doosan, Hitachi Construction Machinery Co., Ltd., Komatsu Ltd., Royal Truck & Equipment, Sany Group, Topcon Corporation, and Volvo Construction Equipment among others.

Autonomous Construction Equipment Market Scope

Buy Now


Premium Report Details

  • Base Year: 2023
  • Companies covered: 13
  • Tables & Figures: 389
  • Countries covered: 25
  • Pages: 200
 Download Free Sample