What AEC stands for?
The AEC industry is one of the most modern terms that appeared in the last decades in the field of the construction industry and all related fields. AEC stands for “Architectural, Engineering and Construction.”
Architecture: Architects provide the conceptual and final designs.
Engineering: Engineers supervise the construction and maintenance of the project.
Construction: Construction project personnel and their skilled labourers take the responsibility of executing the project on time and within budget as per quality standards.
What is the AEC industry?
The expression describes the collaboration of architects, engineers, and construction professionals on various construction projects to achieve successful completion. The three disciplines are integrated together from design to execution.
How large is the AEC industry?
“AEC global market is growing and is reaching $10.5 trillion by 2023 as experts expect. Experts also expect it to grow at a compound annual growth rate of 4.2% between now and 2026. Additionally, the global AEC industry has experienced 40% annual revenue growth for 16 years straight. Historically, jobs in the industry have grown at 3.2% but were projected to grow by 5% in 2022 and then exponentially over the next few years.” “www.oriontalent.com“
What are the new methods within the AEC industry?
There are many trends shaping the AEC industry, including:
Green Processes: This is a major trend that sees AEC professionals transforming their processes to be more cost-effective and energy-efficient, as well as having a lower carbon footprint.
Data Management: Building off of an interest in green processes, the collection of data on a building and its users helps the AEC team improve building performance, save energy, and optimize the space.
Remote Work enabled by AI: The recent shift to remote work has made it less painful for a traditionally on-site industry with the utilization of Building Information Modeling (BIM) with AI, which allows teams to collaborate in real-time within one 3d model.
Prefabricated Buildings: Modular buildings streamline the construction process by saving time and month. They also reduce activity on construction sites in accordance with social distancing trends.
Automation and Robotics: Remote operation of robots that can perform manual tasks and self-driving trucks, as well as materials handling equipment are making worksites safer.
Conclusion
AEC stands for “Architectural, Engineering and Construction.”
AEC global market is growing and is reaching $10.5 trillion by 2023 as experts expect.
Green Processes, Data Management, Remote Work enabled by AI, Prefabricated Buildings, Automation and Robotics are the most trendings in the AEC industry.
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