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According to the report by Expert Market Research (EMR), the global architectural, engineering and construction (AEC) market size attained a value of around USD 10.05 billion in 2023. Aided by technological advancements and the increasing frequency and severity of natural disasters, the market is assessed to grow at a CAGR of 10.3% between 2024 and 2032 to reach nearly USD 24.36 billion by 2032.

Architectural, engineering, and construction (AEC) encompasses various professionals and disciplines involved in the planning, design, construction, and management of buildings, infrastructure, and other built environments. The AEC market brings together architects, engineers, construction managers, contractors, urban planners, interior designers, and other stakeholders to collaborate on projects ranging from residential homes and commercial buildings to large-scale infrastructure developments.

The global architectural, engineering and construction (AEC) market is undergoing significant transformation, driven by technological advancements, sustainability initiatives, evolving project delivery methods, and shifting market dynamics. As the market adapts to meet the demands of a rapidly changing world, key trends are emerging that are reshaping the way buildings and infrastructure are designed, constructed, and managed.

Digital transformation is revolutionising the global architectural, engineering and construction (AEC) market, with Building Information Modeling (BIM) emerging as a cornerstone technology for collaborative design, visualisation, and project management. BIM enables stakeholders to create digital representations of buildings and infrastructure, facilitating better coordination, clash detection, and decision-making throughout the project lifecycle. As BIM adoption becomes more widespread, project teams are leveraging data-driven insights to optimise designs, improve efficiency, and reduce costs.

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Sustainability is a growing priority for clients, regulators, and industry professionals, driving the adoption of green building practices and sustainable design strategies. Building codes and standards are becoming more stringent, mandating energy efficiency, carbon reduction, and environmental stewardship in construction projects. Firms in the global architectural, engineering and construction (AEC) market are incorporating renewable energy systems, passive design principles, and eco-friendly materials into their projects to minimise environmental impact and achieve green building certifications such as LEED (Leadership in Energy and Environmental Design) and BREEAM (Building Research Establishment Environmental Assessment Method).

Prefabrication and modular construction techniques are gaining traction as efficient alternatives to traditional building methods, offering speed, cost savings, and quality control benefits. Offsite fabrication of building components allows for simultaneous construction activities, reducing project timelines and minimizing on-site disruptions. Moreover, modular construction enables greater customisation, scalability, and adaptability to changing project requirements, making it well-suited for a wide range of applications, including residential, commercial, and industrial projects.

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Advancements in materials science and construction technologies are driving innovation in the global architectural, engineering and construction (AEC) market, enabling the use of high-performance materials such as engineered wood, carbon fibre, 3D-printed concrete, and smart building systems. These materials offer superior strength-to-weight ratios, thermal insulation properties, and design flexibility, allowing for the creation of innovative and sustainable structures. Additionally, the integration of IoT (Internet of Things), AI (Artificial Intelligence), and robotics is enhancing building automation, predictive maintenance, and occupant comfort.

The increasing frequency and severity of natural disasters due to climate change are a major factor propelling the global architectural, engineering and construction (AEC) market growth, prompting AEC professionals to prioritise resilience and adaptation in their projects. Resilient design principles such as flood-resistant construction, earthquake-resistant structures, and climate-responsive architecture are becoming standard practices to mitigate risks and safeguard communities against extreme weather events. Additionally, landscape architecture and urban planning are incorporating nature-based solutions such as green infrastructure, permeable surfaces, and resilient landscaping to enhance resilience at the city scale.

In the architectural, engineering and construction (AEC) market, collaboration and integrated project delivery (IPD) are fundamental to the success of complex AEC projects involving multiple stakeholders and disciplines. Integrated project teams work together from the early stages of design through construction and operation, fostering communication, innovation, and shared risk/reward. Collaboration platforms, cloud-based project management tools, and virtual reality (VR) technologies enable real-time collaboration and visualisation, facilitating better coordination and decision-making among project stakeholders.

The COVID-19 pandemic has heightened awareness about the importance of health and wellness in built environments, leading to increased demand for design solutions that prioritise occupant health, safety, and well-being. AEC firms are incorporating biophilic design elements, daylighting strategies, indoor air quality measures, and touchless technologies into their projects to create healthier and more resilient buildings. Moreover, wellness certifications such as WELL Building Standard are gaining prominence, encouraging the adoption of design practices that promote physical, mental, and emotional wellness.

Market Segmentation

The global architectural, engineering and construction (AEC) 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 y End Use

• Construction 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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