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Increased government requirements for the use of AEC software are stimulating the market expansion. Moreover, the architectural, engineering and construction (AEC) market growth can be attributed to the expansion of the construction sector.
The increasing need for advanced infrastructure and building designs, supported by detailed and conceptual design tools, is a significant trend driving the market for architectural, engineering, and construction (AEC). Additionally, the extensive adoption of a three-dimensional model-based approach by architects and industry professionals is further driving the demand for AEC solutions.
Region-wise, the Asia Pacific is expected to demonstrate significant growth in the forecast period. This is primarily due to the widespread adoption of AEC software in response to the booming construction sector in this region. Moreover, the growing adoption of innovative technologies such as cloud, building information modelling (BIM), and augmented and virtual reality are expected to revolutionise architecture, engineering and construction (AEC) solutions in the forecast period.
In June 2023, Hexagon AB (STO: HEXA-B) introduced a cloud-based solution, the HxGN AEC Project Viewer. This innovative tool was designed to establish real-time connections between office and field operations. Leveraging Building Information Modelling (BIM), the AEC Project Viewer seamlessly integrates model, schedule, and document management procedures into a single cloud-based platform.
Its purpose is to enhance visibility, cooperation, and communication within construction projects. Notably, the AEC Project Viewer facilitates the evolution from 3D modelling to comprehensive 5D construction management by incorporating time and cost-related insights into the process. Such product launches by key players are favouring the market expansion.
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The major players in the global architectural, engineering and construction (AEC) market are Ansys, Inc., Autodesk Inc., Aveva Group Plc, Bentley Systems Inc., Dassault Systemes SE, Hexagon AB, Nemetschek SE, Newforma, Inc., Trimble Inc., and PTC Inc., among others. The comprehensive report by EMR looks into the market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions of the major players.
REPORT FEATURES | DETAILS |
Base Year | 2023 |
Historical Period | 2018-2023 |
Forecast Period | 2024-2032 |
Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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Breakup by Component |
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Breakup by Deployment |
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Breakup by Enterprise |
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Breakup by End Use |
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Breakup by Region |
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Market Dynamics |
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Competitive Landscape |
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Companies Covered |
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United States (Head Office)
30 North Gould Street, Sheridan, WY 82801
+1-415-325-5166
Australia
63 Fiona Drive, Tamworth, NSW
+61 448 06 17 27
India
C130 Sector 2 Noida, Uttar Pradesh 201301
+91-858-608-1494
Philippines
40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.
+63 287899028, +63 967 048 3306
United Kingdom
6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London
+44-753-713-2163
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84865399124