LoT in Construction Market is expected to Grow with a CAGR of 12.88% through 2030

The Location of Things (LoT) in the construction market is driven by the increasing demand for real-time asset tracking, enhanced project management, improved safety, and operational efficiency, leveraging IoT and GPS technologies.

According to TechSci Research report, “LoT in Construction Market – Global Industry Size, Share, Trends, Competition Forecast & Opportunities, 2030F”, the Global LoT in Construction Market was valued at USD 15.29 billion in 2024 and is expected to reach USD 31.92 billion by 2030 with a CAGR of 12.88% during the forecast period. One of the most significant trends in the LoT space within construction is the integration of wearable devices and IoT technologies for real-time worker monitoring and safety management. These solutions enable construction companies to track worker locations, monitor their health and safety conditions, and optimize workforce efficiency. Wearables such as smart helmets, vests, and gloves equipped with sensors can detect potential hazards like high levels of gas, falls, or sudden movements that may indicate an injury. These devices are connected to a central system that offers real-time insights into worker locations and overall safety, thereby reducing response time in emergencies. Additionally, wearables can help construction companies gather data on worker productivity, allowing for performance monitoring and optimized resource allocation. The ability to track the location of workers also helps ensure adherence to safety protocols and reduces the risk of accidents in high-risk construction environments. The increasing use of IoT and wearables is expected to significantly boost the market for LoT solutions in the construction industry, with companies focusing on creating more advanced and integrated systems for comprehensive monitoring and safety management.

Browse over XX Market data Figures spread through XX Pages and an in-depth TOC on the "Global LoT in Construction Market.” 

Based on the End-User, Residential segment held the largest Market share in 2024. The Location of Things (LoT) in the construction market, particularly in the residential segment, is driven by the increasing demand for smarter, more efficient, and connected homes. As the construction industry moves toward digital transformation, the integration of LoT solutions allows for enhanced tracking, management, and automation of residential buildings. These solutions provide real-time visibility of assets, equipment, and personnel, improving operational efficiency, safety, and resource management. The growing adoption of smart home technologies also drives the demand for LoT applications in residential buildings, as they enable features like automated climate control, energy management, and security systems that respond to the location and needs of the occupants. Additionally, the increasing need for sustainability in construction is fueling the demand for LoT solutions that can monitor energy usage, optimize resource consumption, and contribute to greener building practices. LoT technologies allow for more precise monitoring of construction progress and better coordination between contractors, reducing delays and enhancing overall project timelines. Furthermore, with the rise of the Internet of Things (IoT) and the expansion of 5G networks, LoT systems are becoming more reliable and accessible, allowing for more widespread use across the residential sector. The growing focus on improving user experience and integrating data analytics for predictive maintenance also plays a crucial role in the growth of LoT solutions in residential construction. As homeowners and builders increasingly prioritize convenience, cost-efficiency, and sustainability, the demand for Location of Things technologies in residential construction is expected to continue rising.

Based on region, Asia Pacific is the fastest growing region in LoT in Construction Market. Asia Pacific is the fastest-growing region in the Location of Things (LoT) in the construction market, driven by rapid urbanization, infrastructure development, and technological advancements across key countries such as China, India, Japan, and South Korea. The region’s booming construction industry is increasingly adopting digital technologies, including LoT, to improve efficiency, streamline operations, and enhance safety on construction sites. With a large and growing middle class, rising disposable incomes, and increasing demand for residential and commercial properties, the need for smarter, more connected buildings has escalated. LoT solutions enable real-time tracking of construction assets, materials, and equipment, contributing to more efficient resource management, reduced costs, and improved project timelines. Governments in Asia Pacific are focusing on smart city initiatives and green building standards, which further fuel the adoption of LoT technologies in construction. The widespread availability of affordable IoT devices, the expansion of 5G networks, and greater integration of digital technologies in construction practices make the region an ideal environment for the growth of LoT solutions. As urban populations continue to rise and construction projects become more complex, the demand for Location of Things solutions in the Asia Pacific construction market is expected to increase at a rapid pace.

Major companies operating in the Global LoT in Construction Market are:

• Microsoft Corporation
• Amazon Web Services, Inc.
• Siemens AG
• Cisco Systems, Inc.
• Intel Corporation
• Qualcomm Incorporated
• Huawei Technologies Co.Ltd
• IBM Corporation

Download Free Sample Report

Customers can also request 10% free customization in this report.

“The Global LoT in Construction Market is expected to rise in the upcoming years and register a significant CAGR during the forecast period. The Location of Things (LoT) in the construction sector offers substantial opportunities to enhance project management and drive operational efficiencies. By integrating advanced tracking technologies such as GPS, RFID, and IoT sensors, construction firms can significantly improve asset tracking, optimize resource allocation, and provide real-time visibility of workforce and equipment. This leads to reduced downtime, improved safety, and streamlined logistics, thereby generating cost savings and productivity improvements. The increasing adoption of smart infrastructure and the growing demand for automation in construction processes further accelerate the potential of LoT solutions to transform the industry and unlock new growth opportunities. Therefore, the Market of LoT in Construction is expected to boost in the upcoming years.,” said Mr. Karan Chechi, Research Director of TechSci Research, a research-based global management consulting firm.

“LoT in Construction Market - Global Industry Size, Share, Trends, Opportunity, and Forecast, Segmented, By Application (Asset monitoring, Predictive maintenance, Fleet management, Wearables, Others), By End-User (Residential, Non-residential), By Component (Hardware, Software, Services, Connectivity), By Region, By Competition, 2020-2030F”, has evaluated the future growth potential of Global LoT in Construction Market and provides statistics & information on the Market size, structure, and future Market growth. The report intends to provide cutting-edge Market intelligence and help decision-makers make sound investment decisions., The report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in the Global LoT in Construction Market.

Contact

Techsci Research LLC

420 Lexington Avenue,

Suite 300, New York,

United States- 10170                   

Tel: +13322586602

Email: [email protected]

Website: www.techsciresearch.com