In the construction industry, the use of technologies (AI, IoT, Big Data, ML, Deep Learning, NLP, Cloud computing, and so on) has risen dramatically to support initiatives such as smart cities, urban air mobility, and climate change programmes, as well as to generate new revenue streams, improve internal operating efficiencies and performance, identify costly mistakes, lower costs, reduce injuries, increase margins, and improve training, logistics, and customer relationship management. The increasing demand for AI-based solutions and platforms in the construction business is being driven by the potential of AI solutions and services.
The global artificial intelligence in construction market is anticipated to reach USD 1831 million by 2023 and USD 3.5 billion by 2027. The global construction and engineering market is predicted to reach $10.5 trillion by 2023, with India's construction sector expected to be the world's third largest, growing at a rate of 7.1 percent per year. The industry employs 51 million people and accounts for 9% of India's GDP.
Against this backdrop, the Confederation of Indian Industry (CII) is hosting an exceptional pavilion on AI, IoT & Automation during 11th edition of South Asia’s largest construction equipment & technology trade fair - EXCON 2022 from 17th – 21st March 2022 at Bangalore International Exhibition Centre, Bengaluru, India.
EXCON 2021 takes place at a time when the government is focusing heavily on the construction and infrastructure sector to implement regulations that will enable the timely establishment of world-class infrastructure in the country. The sector has seen amazing expansion in the last few years, from motorways to railways to airports and other smart-city efforts.
Roads and highways, airport projects, ports, power plants, rail & urban metro, dams & bridges, hotels & resorts, Schools, Hospitals, IT parks, retail malls, hypermarkets, multiplexes, integrated townships, real estate, and more will be covered during the event.
The Pavilion will feature a wide range of interesting technologies, products, automation systems, and use applications from the following major categories.