construction technology

Three Construction Technologies Set to Reshape The Industry

Robots, drones and data – there’s no doubt that tomorrow’s construction site is going to look very different. Construction is due for a shake-up and a number of startups are looking to – finally – bring the industry into the 21st century with new construction technologies. 

A wave of startups and investors is looking to capitalize on opportunities within the sector. Companies that have developed software solutions aimed at streamlining processes and increasing efficiencies are increasingly common. Prefab construction has evolved thanks to innovation in that space, and 3D printing technology can create homes in a matter of days. Investors are putting their money where their mouth is – with funding for US construction technology startups surging by 324 per cent to nearly $3.1 billion in 2018 compared with $731 million in 2017.

Let’s take a look at three sectors of construction tech which are showing plenty of promise right now.

Augmented Reality

Augmented reality in construction and architecture projects involves placing a 3D model of a proposed design onto an existing space using mobile devices and 3D models. It is one application only going from strength to strength – with industry estimates at $90 billion growth of the augmented reality global market by 2020.

SRI International’s augmented reality solution gives a good idea of what this could look like in practice. Their augmented reality application for construction inspection boasts the potential to transform job site operations for construction inspectors by saving time, cutting costs and improving safety with intuitive equipment and connected intelligence.

Construction Collaboration Software

Construction tech is growing considerably when it comes to the software being used in design and building. These software applications enable effective sharing of project-related information between geographically dispersed members of a construction project team, often through the use of web-based software as a service platforms.

Take FINALCAD for example – the mobile construction tech software and predictive analytics outfit which helps construction stakeholders anticipate and fix issues found during the building journey. Or Plangrid, which is a coordination software between the field and the office for documentation, designs, reporting

Building Information Modelling

Building Information Modeling (BIM) is an intelligent 3D model-based process that gives architecture, engineering, and construction professionals the insight and tools to more efficiently plan, design, construct, and manage buildings and infrastructure. 

Check out projects like VOXELGRID – who supply B2B combined software as a service in order to create 2D and 3D layouts, material information and information of equipment features for existing buildings. The business was named The BIM / Smart Construction Award winner for 2018.

The best part? BIM is a relatively new construction technology in an industry typically slow to adopt change. Many early adopters are confident this technology will grow to play an even more crucial role in construction efficiency and building documentation in the years to come. But as BIM gets more mainstream each year, it’s also becoming the basis for new construction tech to build upon.

In reality, this could be said about all sectors in construction tech. Startups are only gaining more investment and perfecting their products for a smarter industry tomorrow.