According to the report by Expert Market Research (EMR), the global architectural, engineering and construction (AEC) market size reached a value of USD 10.05 billion in 2023. Aided by rapid urbanization, infrastructure development, and technological innovation, the market is projected to further grow at a CAGR of 10.3% between 2024 and 2032 to reach a value of USD 24.36 billion by 2032.
The AEC sector encompasses a wide spectrum of professionals, firms, and organizations involved in the planning, design, construction, and management of built environments, infrastructure projects, and civil engineering works. This multifaceted sector includes architectural firms, engineering consultants, construction contractors, real estate developers, project managers, and government agencies, collaborating to deliver diverse projects ranging from residential and commercial buildings to transportation networks, utilities, and urban infrastructure.
As per the architectural, engineering and construction (AEC) market analysis, the relentless pace of urbanisation and population growth, particularly in emerging economies, is fuelling demand for new residential developments, commercial complexes, transportation hubs, and infrastructure upgrades to accommodate burgeoning urban populations and address infrastructure deficits. Rapid urbanisation is driving investments in smart cities, sustainable communities, and resilient infrastructure solutions to enhance liveability, mobility, and environmental sustainability in urban environments.
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As per the architectural, engineering and construction (AEC) market outlook, governments worldwide are prioritising infrastructure investments as part of economic stimulus packages and long-term development strategies to stimulate economic growth, create jobs, and enhance competitiveness. Major infrastructure projects, including transportation networks, energy facilities, water supply systems, and public utilities, are driving demand for AEC services, engineering expertise, and construction capabilities, particularly in emerging markets with ambitious infrastructure agendas.
The adoption of digital technologies, Building Information Modelling (BIM), and advanced construction methods are revolutionising the AEC sector, improving collaboration, efficiency, and project outcomes and fuelling the architectural, engineering and construction (AEC) market growth. Digitalisation initiatives, augmented reality (AR), virtual reality (VR), and drone technology are enhancing project visualisation, design optimisation, and construction monitoring, enabling stakeholders to streamline workflows, reduce costs, and mitigate risks throughout the project lifecycle.
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Growing awareness of environmental sustainability, climate change mitigation, and energy efficiency is driving demand for green building practices, sustainable design solutions, and eco-friendly construction materials in the architectural, engineering and construction (AEC) market. Green building certifications, such as LEED (Leadership in Energy and Environmental Design) and BREEAM (Building Research Establishment Environmental Assessment Method), are becoming increasingly prevalent, driving investments in energy-efficient buildings, renewable energy systems, and green infrastructure projects worldwide.
The emergence of digital twin technology is revolutionising asset management, facility operations, and urban planning in the AEC sector, enabling stakeholders to create virtual replicas of physical assets, buildings, and infrastructure systems which propels the architectural, engineering and construction (AEC) market expansion. Digital twins facilitate real-time monitoring, predictive analytics, and performance optimisation, empowering decision-makers to visualise, simulate, and analyse the behaviour and performance of built environments, optimise resource allocation, and improve operational efficiency over the asset lifecycle.
Rising concerns over natural disasters, climate change impacts, and extreme weather events are driving demand for resilient design solutions and disaster-resistant infrastructure in vulnerable regions prone to hurricanes, floods, earthquakes, and wildfires. AEC firms are integrating resilient design principles, such as flood-resistant building materials, earthquake-resistant structures, and stormwater management systems, to enhance the resilience and durability of built environments and infrastructure assets, which can boost the architectural, engineering and construction (AEC) market share.
The adoption of circular economy principles and sustainable materials in construction practices is gaining momentum, driving demand for eco-friendly building materials, recycled aggregates, and renewable construction products with reduced environmental footprint and carbon emissions. AEC firms are embracing sustainable design practices, such as adaptive reuse, material recycling, and waste reduction strategies, to minimise resource consumption, promote circularity, and enhance the sustainability of construction projects.
Market Segmentation
The market can be divided based on component, deployment, enterprise, end use, and region.
Market Breakup by Component
- Software
- Services
Market Breakup by Deployment
- On-Premise
- Cloud-Based
Market Breakup by Enterprise
- Small and Medium-Sized Enterprises
- Large Enterprise
Market Breakup by End Use
- Constructure and Architecture
- Education
- Others
Market Breakup by Region
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
Competitive Landscape
The EMR report looks into the market shares, plant turnarounds, capacities, investments, and mergers and acquisitions, among other major developments, of the leading companies operating in the global architectural, engineering, and construction (AEC) market. Some of the major players explored in the report by Expert Market Research are as follows:
- Ansys, Inc
- Autodesk Inc.
- Aveva Group Limited
- Bentley Systems Inc.
- Dassault Systèmes
- Hexagon AB
- Nemetschek Group
- Newforma, Inc.
- Trimble Inc.
- 4M S.A. Advanced Software Engineering Systems
- Others
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