Top 10 Companies Dominating the Global Architectural, Engineering and Construction (AEC) Market

The global architectural, engineering and construction (AEC) market size attained a value of USD 10.05 billion in 2023. The market is expected to grow at a CAGR of 10.3% between 2024 and 2032 to reach USD 24.36 billion by 2032. As per the analysis by Expert Market Research, the market is expected to be driven by the gig economy and technological advancements.

Architectural, engineering and construction (AEC) involves team effort where engineers improve designs created by architects, and construction turns ideas into real buildings. The AEC industry focuses on the design, engineering, infrastructure, construction of buildings, and other physical structures.

The demand for infrastructure expansion in developed countries and the rapid urbanization of emerging economies are driving the robust growth of the market. The increasing size of building projects and the growing demand for AEC services are indicators of this trend, indicating a sizable market with strong future expansion potential.

Artificial intelligence (AI ) is also contributing to the architectural, engineering and construction (AEC) market share due to their use in software for generating designs, selection of material, and robotic process automation (RPA). AI is being used in selecting materials and with code compliance such as helping with traffic and pedestrian flows. RPA software facilitates bots in automating administrative tasks, like verifying change orders.

According to the architectural, engineering and construction (AEC) market analysis, the growing use of Internet of Things (IoT) sensors has led to production of large amounts of data. This combined with the rise of 5G networks, has led to easier collection of data from the sensors. This will help the infrastructure industry and government municipalities to collect information in near-real time.

NICMAR  University and Mytek Innovations Private Limited in 2024 came together and signed an MOU stating that they will collaborate and bring together the expertise they have in architectural engineering and construction sector. This groundbreaking partnership is expected to transform the ecosystem of the startup in the domain and hep in transformative innovations.

Top 10 Architectural, Engineering and Construction (AEC) Companies Globally:

Ansys, Inc

Ansys software has enabled individuals in different industries in pushing boundaries with the help of predictive power of simulation. It has powered advanced semiconductors, sustainability in transportation, medical devices, among others . They also help in providing solutions for engineering challenges. They collaborate with their partners for innovation, growth, and in making sure that they deliver the customers what they want.

Autodesk Inc.

Autodesk is making a huge contribution in  how the world is designed and made. They offer their technology in different aspects like architecture, engineering, construction, designing of the product, and many more. They help innovators in solving challenges. They are also focusing on greener buildings, smart products, and their Autodesk software like AutoCAD, Maya, 3ds helps their customers to design better.

Aveva Group Limited

AVEVA  is one of the leading companies in industrial software. They are known for their sparking ingenuity for the responsible use of resources. They offer industrial cloud platform and applications which are safe and secure. They help other businesses to improve collaboration with customers, suppliers, and partners. AVEVA help more than 20,000 enterprises in over 100 countries depending in delivering safe and reliable energy, food, medicines, infrastructure and more.

Bentley Systems Inc.

Bentley Systems   is one of the leading infrastructure engineering software companies. They are known for providing innovative software for advance infrastructure by also sustaining global economy and environment. Their software solutions are being used by many professionals and organizations. They are used in different industries as well like design, operations of roads, rail, buildings and campuses, among others. Their iTwin Platform offers power today's infrastructure digital twins, which include MicroStation and Bentley Open applications for modeling and simulation and other services.

Dassault Systèmes

Dassault Systèmes  is innovating through network of their unique solutions. They are known for helping players around the world by addressing largest challenges using virtual universes. They offer 3D design, digital mock-up, and product lifecycle management, and are continuing to grow their services. They help businesses by providing virtual environments that are collaborative with sustainable innovations. They also help life sciences and healthcare industry in providing twin experiences for the human body.

Hexagon AB

Hexagon  is one of the global leaders offering digital reality solutions, and combining sensor, and software. Their offering helps innovators to manage the rising amount of data, boosting efficiency, productivity, quality, and safety across many industries like manufacturing, public sector and others. Their strategy is to target the increasing gap between the large amount of data being created and the world’s ability to manage it.

Nemetschek Group

The Nemetschek  Group is leading the global field of AEC/O digitalization. It combines leading software providers at an international level to offer a broad spectrum of solutions along the whole lifecycle of construction and infrastructure projects. Its software increases the efficiency of a project and sustainability, which is quite essential for design, building, and performance. It also supports creative industries, including media and gaming. Based on this trajectory and investments in deep-tech startups, the company continues to expand its portfolio with a focus on advancements like digital twins, OPEN BIM, and sustainability.

Newforma, Inc

Newforma , backed by Ethos Capital, is an information management and collaboration software company that develops solutions for AECO market firms: architecture, engineering, construction, and owner/operators. Their solutions improve the efficiency of AECO companies by employing technology to increase the quality and value of results on projects throughout the construction lifecycle, from initial design to project completion and beyond. Newforma is a global leader in streamlining communication, simplifying administrative tasks, and enabling real-time collaboration among industry professionals.

Trimble Inc

Trimble  is known as an industrial technology company. It provides services and technology which helps in getting tasks done more precisely and accurately. Trimble is a technology company that delivers solutions on connecting, measuring enabling customers to do more, better, safer. They use core technologies in positioning, modeling, connectivity, and data analytics which helps Trimble in bridging the gap between the digital and physical worlds to extend productivity.

4M S.A. Advanced Software Engineering Systems

4M  has provided top-of-the-line CAD and BIM software to the Architecture, Engineering, and Construction community. The latest release of 4M's BIM Suite remains a cutting-edge solution in the BIM area. Running on fast CAD engines, it ensures perfect compatibility with AutoCAD®, using DWG as the native file format. The 4M BIM solutions are highly cost-effective, with minimal migration costs to allow users to get into productive mode from the first day.