GeoBuiz - 2019
3. Geospatial Market in AEC Industry 3.1 Overview The Architecture, Engineering & Construction (AEC) industry assimilates professionals from the architecture, engineering and construction background to achieve a common goal. Through assimilation, the professionals in the three separate industries are able to deliver the final output in an efficient manner. The AEC industry comprises industrial, building and transport infrastructure. The transport sector consists of airports, railways, seaport and roadways infrastructure. Figure 3.1 – AEC Industry in the Global Economy
13.3% of Global GDP 7% of the Global workforce $11.3 Trillion
Productivity gains averaging at two decades
Annual Revenue (2018)
1% each year in last
AEC Industry
Growth at a CAGR of
4% in next five years
Asia-Pacific to lead the construction market with share in 2022
66.1%
Source: Geospatial Media and Analysis
3.2 AEC Industry: Vertical Market Size The global AEC industry (transport, buildings and industrial) is estimated to be worth US$ 11.30 trillion in 2018 and is projected to reach US$ 13.21 trillion by 2022, growing at an estimated CAGR of 4%. Graph 3.1 – Global AEC Market, Vertical Market Size (US$ trillion) CAGR: 4%
CAGR: 4%
US$ 9.67
US$ 13.22
US$ 11.30
8.25
7.08 6.08
Transport Infrastructure
2.65
0.06 0.06 0.26
0.94
Industrial Infrastructure Buildings Infrastructure
0.07 0.08 0.31
1.13
0.07 0.10 0.37
2014 32 | ©Geospatial Media and Communications
1.36
Source: Adapted from Market Research Reports available in public domain
0.68
0.68
0.56
3.60
3.09
Airports Ports Railways Road
2018
2022
