The construction industry, long seen as slow to adopt new technologies, is now undergoing a profound transformation driven by the rise of construction technology. As demand for smarter, more efficient, and sustainable building practices accelerates in the Canadian market, the adoption of advanced technologies is reshaping how construction projects are designed, managed and executed.
Reports indicate that the global construction market reached an estimated value of $13.57 trillion in 2023. The market is projected to grow at a compound annual growth rate of 6.5 percent from 2024 to 2032, reaching approximately $23.92 trillion by 2032. This growth is being driven by the rapid adoption of advanced construction technology solutions, which are fundamentally transforming the industry.
Utilizing IoT sensors, construction managers can monitor site conditions in real time, track equipment usage, and ensure safety protocols are followed—all while reducing labor costs and increasing productivity. AI, machine learning algorithms, and building information modeling (BIM) are enhancing project planning and risk management, enabling teams to anticipate challenges and make data-driven decisions that minimize delays and budget overruns.
Sustainability is another major area where construction technology is making a difference. With growing global concerns over climate change and resource depletion, there is an increasing emphasis on green construction practices and energy-efficient building designs.
This edition of Construction Tech Review Canada highlights the key technologies driving innovation in the construction sector, along with the leading companies at the forefront of this transformation. It features thought leadership articles from Frédéric Leclair, senior director, drafting services at Canam, who emphasizes the critical role of people in driving the success of digital transformation in the construction industry. Nolan Porther, senior geospatial manager at Aecon Group Inc., discusses the significant transformation occurring in the Canadian construction industry due to the integration of BIM and Geographic Information Systems (GIS).
In this edition, we strive to connect you with groundbreaking solutions revolutionizing the construction industry that drive energy efficiency, elevate sustainability practices and enhance operational performance.
