From prefabrication of different building systems to energy modelling, technology developments have worked as a potential game changer for many AEC companies active in the building information modeling (BIM) market. As virtual designs and construction segment continues to evolve these firms focus more on promising technologies such as three dimensional co-ordination to upgrade themselves say research analysts at Allied Market Research. Industry experts assessing the size, share, and growth opportunities further outlines that VDC or BIM associated technology trends are anticipated to have a profound influence on the way teams build design and operate big buildings in the next five to six months. The building information modeling (BIM) market is projected to garner $11.7 billion by 2022 and register a CAGR of 21.6% from 2016 to 2022.
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Affordable 3D laser scanning to fuel building information modeling (BIM) market
Today, the field -accurate information has improved the BIM models in a big way. The trend is becoming a reality on different construction, especially due to advanced software importing features and enhanced, affordable field -scanning techniques. With scanning technologies, the designing team can tap the appearance as well as the shape of a construction site and further convert them into data points, which are then imported into the building information modeling model. Although expensive but many companies have now justified the upfront cost with the returns on projects and consulting amount.
Region -wise performance of BIM industry
Countries including France, Japan, Germany, and Canada have reported huge gain, as high as 96.5% from BIM technologies. Moreover, BIM used has rapidly increased in these countries mainly due to the recent improvements in data interoperability and emphasis on standardized techniques. A survey conducted by KPMG in 2015 identified that approximately 22% of the respondent were using BIM in India. The study found that about 27% of the respondents were actually aware of BIM technologies and actively applying them. Surprisingly close to 43% revealed that they were aware of building information modelling but were not confident about the execution part in their firm. In addition, 8% of the participants were completely unaware of the technology. The BIM industry in North America had generated over 1.17 billion in 2015. Some of the prominent players active in the region include Barton Malow, Autodesk, Inc., Design Data, and Cadsoft Corporation.
Sectors heavily depending on building information modeling (BIM) market
Construction sector is considered to be the second largest market contributing to the economies of countries such as the United States, China, and India. A PwC sponsored report forecasts that volume of construction activities will increase by $15.5 trillion globally by 2030, including these three nations. These countries will account for about 57% of the total growth. Thus, increasingly big construction enterprises in information modeling (BIM) market including airports and hotel are beginning to introduce the technology. In the United Kingdom, 77.5% of the respondents accept that BIM is the future of construction innovation. Approximately 30% of the construction professionals in the United Kingdom are already using this technology. In South & Central Europe over 13% of the companies are either involved in developing or analyzing different models.
The landscape sector is observed preparing for the future, where more emphasis will be put on the usage of robots to perform better than humans. It will have a significant influence on BIM that will speed up integration of a built environment with digital media, by modelling information associated with the design, price, and sustainability. The United Kingdom has emerged as a world leader in this area. Objective of building information modelling technology in the landscape sector will be 20% reduction in capital investments from both operation and construction of the built environment. BIM is also seen changing the traditional constructional methods used in the Middle East so far. Despite of the growing prevalence of this method in the area, industry leaders outline that BIM adoption is still in its developing stage in Middle East. Commenting on the status of building information modeling (BIM) market in the region Vivek Kale, the solutions director for design integration sales at Bentley Systems said “Large-scale projects would benefit significantly from information management beyond building, to include infrastructure, featuring the site, roads, and utilities.” He further explained “Based on our years of experience, the projects in the region are challenged by three key aspects required for a BIM methodology – people, process, and technology.”
Many stations are planning on upgrading their existing architecture with BIM. The Victoria Station a projects based in central London is a finest example of this upgrade, particularly in ground engineering. Besides this, ISG will be delivering Asda’s first ever level two building information modeling project. The company secured an amount of £10 million for a new-build project based in Clacton-on-Sea. ISG contractors were entrusted with the task to steer Asda’s BIM technology in 2014. The technology played an eminent role in creating the stadiums for Euro 2016 Football matches.
Today, building information modeling (BIM) market is a promising segment in the construction, architecture as well as the engineering industry. Thus, we accurate virtual model we will witness world’s some the finest building rise or get a makeover.
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