BDB is a a Industrial market research companies in India

 

BDB is a  a Industrial market research companies in India

BDB India Private Limited is a leading global business strategy consulting and market research company in India. Since 1989, BDB has been providing clients with solutions to expand their businesses in the Indian and international marketplace. We are an ISO certified company. BDB India is the leading global business strategy consulting and market research firm for automotive industry. BDB is a Industrial market research companies in India

TRENDS AND TRANSITIONS IN CONSTRUCTION IN INDIA

As we approach 2024, the building construction sector is on the verge of a sea change. Sustainable practices and technological breakthroughs have the potential to reshape the landscape, promoting innovation and changing established norms. In this blog article, we will look at the major trends and changes that will shape the industry in the future year. In comparison to the previous year, the construction industry entered 2023 with a 7% increase in nominal value added and a 6% increase in nominal gross output. Nominal construction spending continued to rise in the third quarter of 2023. However, assuming current patterns in real GDP data continue, it is vital to emphasize that much of the topline growth will most likely be driven by price inflation rather than volume. In addition to dealing with continued inflation, the industry is dealing with price instability in raw materials and rising labor expenses. Another key concern that continues to influence the sector is the persistent shortage of trained workers.

The construction sector in India consists of urban development and real estate. The former includes water supply, transportation, schools, and healthcare, while the latter includes residential, office, and hotel space. With a positive prognosis for the construction industry, there is room for innovation and improvement. This is where technology can help to accelerate and improve efficiency.

2024 WILL BE THE YEAR OF HIGH-TECH CONSTRUCTION, FUELED BY THE FOLLOWING TECHNOLOGIES

Augmented Reality(AR)and Artificial Intelligence(AI) 
AR and AI are two cutting-edge technologies that are transforming the construction industry. AR overlays digital information onto the real world, while AI enables machines to perform tasks that would normally require human intelligence. AR creates interactive 3D models and provides digital instructions, improving design and safety. AI automates tasks, predicts maintenance, and identifies risks, improving efficiency and quality. As these technologies continue to evolve, they are likely to become even more essential in the construction industry, enabling construction professionals to work smarter and more effectively

Generative AI

Generative AI is a cutting-edge technology that streamlines the design process by delivering extremely efficient and imaginative designs in less time. It creates several design solutions that meet particular needs by considering building codes and other constraints. It may also analyze previous data to identify and mitigate prospective construction risks. It is one of the powerful technologies that is revolutionizing the industry’s design process, resulting in more innovative, efficient, and cost-effective designs.

Building Information Modelling (BIM)

It is a sophisticated technology that allows architects, engineers, and construction experts to communicate in real-time on a project, anticipate difficulties, and optimize building performance. Although it has been available for several years, BIM is predicted to become more common in construction in 2023 because it provides easier cooperation and communication among project stakeholders, resulting in enhanced project results and lower costs. BIM is an important tool for
the construction sector since it allows professionals to collaborate effortlessly and produce better
buildings.

3Dprinting

This is a groundbreaking technique that has generated a variety of objects ranging from models to entire buildings. IIT-Madras, for example, has India’s first 3D-printed house. In Ahmedabad, the Indian Army also unveiled the world’s first 3D printed residential unit, a disaster-resistant construction. We anticipate to see more companies experimenting with 3D printing to manufacture structures and components this year.

Drones

Drones, also known as unmanned aerial vehicles (UAVs), have changed the way building sites are surveyed and inspected. They provide a variety of advantages, including better safety, faster data collecting, and cost savings. Drones with high-resolution cameras may take comprehensive photographs and videos of building sites, offering significant insights that can assist project managers and engineers in making educated decisions.

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