Introduction to the AEC Industry
The Architecture, Engineering, and Construction (AEC) industry contributes 6% to the worldwide GDP, with a market size of USD 8.9 billion in 2022, expected to achieve USD 16.5 billion by 2030. However, despite this optimistic forecast, the industry faces challenges equivalent to a scarcity of access to awareness and opportunities, limiting the expansion of execs.
The Role of Technology within the AEC Industry
Technology is a pivotal force driving industries forward, and the AEC industry isn’t any exception. One innovation that has been creating waves of progress is Building Information Modeling (BIM). BIM methodology is fueling the evolution of construction processes through efficient collaboration and communication, precise planning, timely deliveries, and productivity.
What is BIM?
BIM is a digital representation of the physical and functional characteristics of a constructing or infrastructure project. It enables architects, engineers, and contractors to collaborate and share information more effectively, reducing errors and improving overall project outcomes. According to Trienpont International, 70% of projects fail as a consequence of a scarcity of collaboration, communication, and risk and quality control.
Growth of BIM
The growth of BIM from 2018-2030 is anticipated to be significant, with 89% of AEC firms investing in latest technology in FY-2022. The non-residential AEC industry will utilize US$950 million in design and construction and US$400 million in operation and maintenance phases by 2025. However, the demand for BIM professionals is outstripping the number of accessible professionals, and BIM will not be currently a part of the educational curriculum.
Introduction to Augmented Reality (AR)
Augmented Reality (AR) is a subset of Mixed Reality that integrates digital information into the actual world, augmenting computer-generated data into our surroundings. AR has the potential to upturn the present establishment within the AEC industry.
Building Information Modeling and Augmented Reality
The combination of BIM and AR is a game-changer for the AEC industry. AR applications allow professionals to create 3D twins of real-time structures, discover design errors, and make real-time modifications. Here are some ways AR is becoming a necessary tool for AEC professionals:
- Enhanced Visualization: AR applications enable professionals to create 3D visual tours and help clients visualize installations.
- On Construction Site: AR enhances accuracy by layering digital BIM 3D models on-site, ensuring error-free installation, and saving time and money.
- Maintenance and Repair: AR applications ensure precise project tracking, accurate documentation, and efficient equipment identification, reducing downtime.
The Future of the AEC Industry
At Novatr, we consider that BIM and AR technology, together with Virtual Reality, are tools that strongly enhance the AEC industry. As the industry continues to evolve, it’s essential to deal with stagnant issues and innovate. The combination of BIM and AR has the potential to revolutionize the AEC industry, and we’re excited to be a component of it.
Conclusion
In conclusion, the AEC industry is on the cusp of a revolution, driven by technologies like BIM and AR. As the industry continues to grow and evolve, it’s essential to adopt these technologies to remain ahead of the curve. With the potential to reinforce collaboration, communication, and productivity, BIM and AR are set to alter the face of the AEC industry. As Harkunwar Singh, Co-founder and CEO of Novatr, says, "We aspire to be the leaders and together, we’re not constructing structures, we’re constructing dreams, ambitions, and a future where innovation knows no bounds."
