The New 3C’s of the AEC Industry
With digitization in architecture, engineering, and construction industries, there is a paradigm shift in how we design, plan, construct, and manage AEC facilities. Today, global Building Information Modeling (BIM) solutions implementation is evolving and is beyond being digital.
As rightly summed up by David Phillip, director, Digital Consulting, Strategy & Innovation Europe, AECOM-
“BIM is set to be the biggest change this industry has seen for over 160 years”
Design, documentation, and depiction of construction and infrastructure have brought a change not only because of its 3D modeling capabilities, but because there are other factors involved like the 3Cs involved.
The 3C’s of the AEC industry are motivational factors that influence infrastructural projects worldwide.
- Coordination
- Collaboration
- Consistency
Coordinating through new-age features like Cloud computing and collaborating with multiple stakeholders ensures consistency throughout all the phases of a building’s lifecycle.
BIM management is enabling conception to execution promoting infrastructure development and urbanization of projects with structural integrity and sustainability.
Building designs are reflecting improved efficacy and efficiency through integrated BIM VDC collaboration. Generating a strong reason to be adopted by real estate, construction firms, and architectural and engineering professionals for project life cycle management throughout pre-construction, construction & facility operation worldwide.
Software in construction by top software companies like
- Autodesk Revit,
- Navisworks,
- Tekla Structures,
- Bentley AECOsim Building Designer,
- Bluebeam Revu, etc.,
are the sources to hold firm the 3Cs as mentioned above.
Market Insight for BIM Adoption
There has been a selective adoption of BIM in the construction, architecture, and engineering sectors. With predictive BIM stepping in, the market share of digitized AEC has risen. But should adoption be delayed with the evolving world?
The answer to this question lies in Mr. David Philip’s expert prediction – “While construction is probably the last sector to make the digital switch over, it is observable that this whole industry change will happen; what can be automated ultimately will be automated”
We can infer that digitization of construction management is no longer a luxury; it is a need. Hence, governments are also ensuring the integration of BIM in building lifecycle management.
The upsurge in government adoption of BIM services throughout the world fueled market growth. In North America, BIM companies are implementing Level 2 BIM maturity across large-scale infrastructure, particularly for government projects.
The switch from analogue to digital through computer-readable datasets is turning out to be extremely beneficial in USA market. It is helping the AEC firms establish a strong foundation for the American construction economy.
Nevertheless, the augmented cost of the software application and the limitation of skilled professionals does hamper the growth of the market. On the upside, implementing progressive tools and techniques for managing data at remote servers and improvizing coordination between users are contributing to the BIM market. Cloud-based solutions also offer lucrative opportunities for the advancement of the BIM Market Share.
According to the one of the BIM leaders in North America, Geoff Miller, Partner, RDHA
“Cloud-based BIM has fundamentally changed the architects’ approach to document coordination. At the same time, it has already begun increasing owners’ and general contractors’ expectations around document quality.”
Current Market Overview:
According to the Global Mangement consultancy mogul, Mckinsey, BIM technology has now achieved an adoption rate of about 60-70%.
The 2024 statistics state that the size of global BIM market has seen a substantial growth from $5.20 billion in 2019 to USD $8.0 billion till date. The BIM market share projection indicates a surge in CAGR (Compound Annual Growth Rate) of 13.1% from 2024 to 2030.
A survey done by Mckinsey and company states “North America is expected to be the market leader over this time period, capturing over 30% of the market”
This high surge in BIM market share in North America clearly showcases the increased reliance on BIM solutions in AEC industry for efficient project management and execution.
BIM Market Drivers- What takes BIM to double-digit growth?
1.Technological Advancements:
The transition of BIM technology from VDC to predictive BIM is currently the talk of the town. Showcasing the unstoppable force that Building Information Modeling holds.
Predictive BIM has leveraged advanced data analytics, Machine Learning, and Artificial Intelligence and the backbone of the industrial and commercial metaverse- Digital twins.
Making itself the latest flag bearer of smart infrastructure and a major contributor of BIM adoption, worldwide. Predictive BIM has proven to be an efficient tool for construction scheduling, maintenance planning, resource allocation, and energy and safety management.
2.Regulatory Mandates:
“A BIM mandate is saying, ‘I think BIM can help us get better value from those public construction investments.’ And it’s up to the industry to embrace what that means.”- Marek Suchocki – Autodesk Head of Industry Associations Strategy
BIM is being recognized by governments worldwide. Western countries have already shown a green flag to BIM mandates. In the USA, although there is no nationwide mandate, BIM level 2 is commonly practiced withing government- state and federal agencies.
Countries like the Kingdom of Saudi Arabia, housing some of the greatest architectural marvels like NEOM, The Red Sea Project, etc. also has a BIM level 2 mandate for its construction projects.
With an expected market size of USD 91.36 billion by 2030, growing at a CAGR of 5.37%, countries like Saudi Arabia will contribute significantly to the global BIM market.
3. Increasing Complexity of Construction Projects:
BIM has time and again proved to be the most reliable platform for a building lifecycle.
BIM, integrated with new-age technologies like cloud computing and real-time data, is beyond doubt crucial for complex heavy engineering projects. These technologies are offering scalable resources, seamless collaboration, live monitoring and control, predictive maintenance, etc.
Below mentioned real-world structures are testament to this,
a. Emerson College, Los Angeles.
This institutional project spanning 11,000 sq. M area with a budget of $ 85 million, utilized BIM for efficient resource utilization. According to a source, the Common Data Environment provided by BIM integration made it easier for project teams to access details and allowed RFIs to be responded with accuracy within a short lead time.
b. Metro Station Project, USA
Tejjy inc. Was part of this Metro station project spanning a massive 70,000 sq. Ft area. We integrated BIM to successfully deliver the architectural and structural BIM model with LOD 350.
Due to BIM integration at an early stage, our team utilized Scan to BIM technology to accurately visualize the facility and building services in real-time.
Our expert workforce utilized Autodesk Revit for architectural and structural 3D visualization. We employed Navisworks to leverage this BIM tool’s predictive maintenance for clash detection.
4. Cost and Time Efficiency:
Case study research done by EDP science showcased that in a construction project the use of BIM can reduce work time by up to 50% and can be reduced by 52.36%.
Today BIM dimensions are evolving beyond 3D. These dimensions are catering to various needs of building innovation operations. 4D BIM is used for integrating time dimensions for detailed scheduling and sequencing construction activities.
Integration of 5D BIM, adds cost dimension that enables precise budgeting and reduces cost overruns. These BIM dimensions are facilitating cost savings with financial planning and optimized project timelines throughout all infrastructural projects.
Is BIM merely another payment made to a (digital) professional to get the deliverables? No, BIM is an investment!
AEC industry’s investment in BIM is rightly summed up by former Forbes Councils Member, Marty Waisbrod, Forbes Business Council, “Although BIM isn’t cheap, I’ve personally found it to be worth my investment for any project that comes our way, regardless of size. From my perspective, not embracing this technology would be equivalent to an architect still drawing plans by hand and not using computer-aided design.”
Segmentation of (Building Information Modeling) BIM Market
The overall Building Information Modeling Market is categorized into different segments based on the characteristics and usage of BIM services in AEC industry. All of these segments contribute to the gross growth of the BIM market. These contributions reflect the potential and increased adoption of BIM technology in different sectors.
Let’s explore the segments covered in the current market survey
The crucial BIM Industry Players
Various key players dominate the BIM market. These key industry players are heavily contributing to the expansion of Building Information Management technology and growth through constant updating and strategic partnerships. Following is the list of key industry players-
- Autodesk – American multinational software corporation
- Asite Solution – Software Company
- Beck Technology – Construction Estimating Software Company
- Bentley Systems – American based Software Development Company
- Cadsoft Corporation – Premier Software Developer of Building Information Modeling
- Dassault Systèmes – French Software Company
- Hexagon AB – Global leader in Sensor, Software & Autonomous Solutions
- Nemetschek SE – Vendor of Software for Architects, Engineers & Construction Industry
- Pentagon Solution – Software Company in Belfast, Northern Ireland
- Trimble – Agriculture Company
The players have implemented numerous strategies for enhancing market penetration and reinforcing their industry position.
- Based on the current trends and growth across all segments the Building Information Modeling Market share is expected to reach a value of USD $ 14. 8 billion by 2030.
- This projection is justified by the increasing adoption of BIM services across AEC sectors.
- The Asia-Pacific region is expected to witness the highest growth rate by 2030 due to infrastructure development.
- Key Market Trends in North America
- North America is all set to witness significant growth in BIM adoption, the highest till date.
- AEC firms and companies that are focusing on new-age developments within the U.S. market are going to heavily benefit from Key Market Characteristics – rapid urbanization and government investment.
- The U.S. government will be focusing specifically on intelligent 3D-model based processes which relate to spatial information sciences for its large-scale infrastructural projects.
- Integration of 3D modeling and GIS industry is being encouraged. For eg: a California-based company Katerra has developed an integrated platform that directly connects BIM tools and computational design to ERP global supply chain infrastructure.
To sum it up, Craig Curtis, Chief Architect for Katerra states-
“It is an exciting time to be in the building industry. There are many new companies with a technology focus like Katerra coming into space. At the same time, like many industries, there is pressure to be more sustainable in response to climate change.”
Conclusion:
In conclusion, we can safely infer that the BIM market is on a trajectory of major growth. With the continuous evolution in the AEC industry and a significant investment in technology, the BIM market is all set to redefine the industry standards and revolutionize the workflows. The Future is Digital and BIM is the pioneering force of this digital revolution.
Join us, as we pave the way for smarter, greener built environment with Tejjy’s BIM Services.
Further Reading
