However, within the commercial and residential construction industries, we are starting to see amazing technological advancements that help improve safety, productivity, sustainability and operational efficiencies. In fact, investment in construction technology reached $5.38 billion in 2022.
Flying cars? No. But we only have to look at our personal lives to see that the transformation and trust of new technologies are often gradual. The slow growth of Amazon.com, which then transformed into Amazon Alexa and upended the shopping habits of millions, is a smart barometer for technological advancements in construction. The acceptance will be gradual, as opposed to a landslide.
With this in mind, we have identified four technology trends that we see becoming major factors within the daily activities of a construction jobsite—particularly involving construction equipment. Some are already here; some are close to implementation; and some are just over the horizon.