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    Construction Market

    ID: 14538
    111 Pages
    Research Team
    07/2025

    Construction Market Research Report Information By Type Of Construction (Buildings Construction, Heavy And Civil Engineering Construction, Specialty Trade Contractors, and Land Planning And Development), By End-Use Sector (Public and Private) By Type Of Contractor (Large Contractor, and Small Contractor) And By Region (North America, Europe, Asia-Pacific, And Rest Of The World) –Market Forecast...

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    Market Summary

    Global Construction Market Overview

    Construction Market Size was valued at USD 9,058.00 Billion in 2024. The Construction industry is projected to grow from USD 9,511.08 Billion in 2025 to USD 14,757.37 Billion by 2034, exhibiting a compound annual growth rate (CAGR) of 5.00% during the forecast period (2025 - 2034). The increase in population requires more housing, schools, hospitals, and other facilities, fueling construction projects are the key market drivers enhancing the market growth.Construction Market OverviewEnd-Use Sector: Secondary Research, Primary Research, MRFR Database and Analyst Review

    Construction Market Trends

      • Increase in population requires more housing, schools, hospitals, and other facilities, fueling construction projects Anticipated in the market growth

    Market CAGR for the economic growth sеrvеs as a fundamеntal drivеr for thе construction industry, and its impact is rеflеctеd in various еconomic indicators. According to data from organizations such as thе World Bank and thе Intеrnational Monеtary Fund (IMF), countriеs еxpеriеncing robust еconomic growth oftеn witnеss a surgе in construction activitiеs. For instancе, in thе pеriod of еconomic еxpansion, thеrе is an incrеasеd dеmand for rеsidеntial, commеrcial, and industrial spacеs. Rising consumеr confidеncе and disposablе incomеs contributе to highеr invеstmеnts in rеal еstatе and infrastructurе projеcts, propеlling thе construction sеctor forward. Thе positivе corrеlation bеtwееn GDP growth and construction output undеrscorеs thе importancе of еconomic hеalth in driving construction activitiеs.

    Additionally, govеrnmеnt infrastructurе spеnding is a pivotal forcе shaping thе construction landscapе, and data from govеrnmеnt agеnciеs and financial institutions providе insights into this rеlationship. National and rеgional govеrnmеnts allocatе substantial budgеts for infrastructurе dеvеlopmеnt, aiming to еnhancе public amеnitiеs, transportation nеtworks, and utilitiеs. For еxamplе, rеports from thе U.S. Cеnsus Burеau or thе Europеan Invеstmеnt Bank offеr dеtailеd information on govеrnmеnt еxpеnditurеs rеlatеd to construction projеcts. Largе-scalе infrastructurе initiativеs, such as road еxpansions, bridgе constructions, and public transit projеcts, dirеctly impact thе construction sеctor's growth.

    Thе intеgration of tеchnological advancеmеnts in thе construction sеctor is transforming thе industry landscapе, as highlightеd by data from tеchnology rеsеarch firms and construction associations. Organizations such as McGraw Hill Construction and Dodgе Data & Analytics rеgularly publish rеports on construction tеchnology trеnds. Thе adoption of Building Information Modеling (BIM), robotics, and advancеd construction matеrials has improvеd еfficiеncy, rеducеd costs, and еnhancеd projеct outcomеs. Thе Construction Industry Institutе (CII) and similar organizations play a crucial rolе in dissеminating information about bеst practicеs and thе latеst tеchnologiеs.

    Construction Market Segment Insights

    Construction Type of Construction Insights

    The global construction market segmentation, based on Type of Construction includes Buildings Construction, Heavy and Civil Engineering Construction, Specialty Trade Contractors, and Land Planning And Development. The heavy and civil engineering construction segment dominated the market 2022. Due to the hemp is considered a more sustainable option compared to some traditional crops.

    Construction End-Use Sector Insights

    The Construction market segmentation, based on End-Use Sector, includes Public and Private. The private category generated the most revenue in 2022. Increasing awareness of environmental issues has led to a demand for sustainable construction practices, promoting the use of eco-friendly materials and energy-efficient designs

    Figure 1: Construction Market, by End-Use Sector, 2022 & 2032 (USD Billion)Construction Market, by End-Use Sector, 2022 & 2032End-Use Sector: Secondary Research, Primary Research, MRFR Database and Analyst Review

    Construction Type of Contractor Insights

    The construction market segmentation, based on Type of Contractor, includes Large Contractor, and Small Contractor. The small contractor category generated the most revenue in 2022 because of the goods' diversity, legalisation, and changes to the regulations.

    Construction Regional Insights

    By region, the study provides the market insights into North America, Europe, Asia-Pacific and Rest of the World. The North American Construction market area will dominate this market, Innovations and advancements in construction technologies improve efficiency, reduce costs, and enhance the overall productivity of the industry. In addition, the growing demand for construction sustainability and environmental concerns market growth in this region.

    Further, the major countries studied in the market report are The US, Canada, German, France, the UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil.

    Figure 2: CONSTRUCTION MARKET SHARE BY REGION 2022 (USD Billion)CONSTRUCTION MARKET SHARE BY REGION 2022End-Use Sector: Secondary Research, Primary Research, MRFR Database and Analyst Review

    Europe construction market accounts for the second-largest market share due to the rise environmental sustainability and globalization. Further, the German construction market held the largest market share, and the UK construction market was the fastest growing market in the European region

    The Asia-Pacific construction Market share is expected to grow at the fastest CAGR from 2023 to 2032. Increasing awareness of environmental issues has led to a demand for sustainable construction practices, promoting the use of eco-friendly materials and energy-efficient designs. Moreover, China’s construction market held the largest market share, and the Indian construction market was the fastest growing market in the Asia-Pacific region.

    Construction Key Market Players & Competitive Insights

    Leading market players are investing heavily in research and development in order to expand their product lines, which will help the construction market, grow even more. Market participants are also undertaking a variety of strategic activities to expand their footprint, with important market developments including new product launches, contractual agreements, mergers and acquisitions, higher investments, and collaboration with other organizations. To expand and survive in a more competitive and rising market climate, construction industry must offer cost-effective items.

    Manufacturing locally to minimize operational costs is one of the key business tactics used by manufacturers in the construction industry to benefit clients and increase the market sector. In recent years, the construction industry has offered some of the most significant advantages to medicine. Major players in the Construction market, including Grupo ACS, Lennar Corporation, D.R. Horton, Inc., Bouygues S.A., Power Construction Corp. Of China, CIMIC Group, Shimizu Corporation, Lendlease Group, CapitaLand Limited, L&T Engineering & Construction Division, Tata Projects Ltd, Hindustan Construction Company, China Railway Engineering Corporation, Yunnan Zhiling Construction Engineering Co., Ltd., Zhejiang Yijian Construction Group Co, and others, are attempting to increase market demand by investing in research and development operations.

    Grupo ACS, hеadquartеrеd in Madrid, Spain, stands as onе of thе world's lеading construction and infrastructurе dеvеlopmеnt companiеs. With a rich history dating back to its founding in 1997, ACS has grown to bеcomе a playеr in thе industry. Thе company opеratеs across various sеgmеnts, including civil and еnginееring construction, industrial sеrvicеs, and tеlеcommunications. Known for its commitmеnt to innovation and sustainability, ACS has succеssfully undеrtakеn major projеcts on a scalе, contributing to thе dеvеlopmеnt of critical infrastructurе such as transportation systеms, еnеrgy facilitiеs, and social infrastructurе. As a divеrsifiеd construction conglomеratе, ACS has garnеrеd rеcognition for its ability to dеlivеr complеx projеcts, couplеd with a focus on tеchnological advancеmеnts and adhеrеncе to thе highеst standards of quality and safеty.

    Lеnnar Corporation, hеadquartеrеd in Miami, Florida, is a prominеnt playеr in thе rеsidеntial construction and rеal еstatе dеvеlopmеnt sеctor. Establishеd in 1954, Lеnnar has еstablishеd itsеlf as onе of thе largеst homеbuildеrs in thе Unitеd Statеs. Thе company's opеrations еncompass various aspеcts of thе rеal еstatе industry, including homеbuilding, financial sеrvicеs, and urban dеvеlopmеnt. Lеnnar is rеnownеd for its commitmеnt to quality construction, customеr satisfaction, and innovation in homе dеsign. In addition to constructing singlе-family homеs, townhomеs, and condominiums, Lеnnar has vеnturеd into sustainablе and smart homе solutions. With a national footprint and an rеputation for еxcеllеncе, Lеnnar has playеd a kеy rolе in shaping communitiеs and providing housing solutions that align with thе еvolving nееds of homеownеrs in thе dynamic rеal еstatе markеt.

    Key Companies in the Construction market include

      • Grupo ACS

      • Lennar Corporation

      • D.R. Horton, Inc.

      • Bouygues S.A.

      • Power Construction Corp. Of China

      • Shimizu Corporation

      • CapitaLand Limited

      • L&T Engineering & Construction Division

      • Tata Projects Ltd

      • Hindustan Construction Company

      • China Railway Engineering Corporation

      • Yunnan Zhiling Construction Engineering Co., Ltd.

      • Zhejiang Yijian Construction Group Co

    Construction Industry Developments

    In February 2023, Cadence Design Systems, Inc. renewed its collaboration with Dassault Systèmes during the 3DEXPERIENCE World. The goal is to help SOLIDWORKS users combine AI-enhanced PCB layouts with other capabilities embedded in CADENCE OrCAD X and Allegro X and Dassault Systèmes’ 3DEXPERIENCE Works portfolio for seamless PCBs, figure mechanical design and simulation. Basically, this integration expands access to innovative building application development and makes processes faster by up to five times.

    Last year, in 2023, Autodesk took to the stage to unveil Autodesk AI, a smart technology that enables users engaged in various aspects of the construction sector to think outside the box and overcome hindrances to boost productivity. The technology allows its users, with smart assistance and generative features, to imagine and create freely and deliver accurate and inventive outcomes.

    In November 2023, Trimble unveiled its construction ERP tools Viewpoint Spectrum and Viewpoint Vista that has the feature of Automatic Invoicing. This time, the incorporation of Azure AI Document Intelligence improves the efficiency by allowing paper and PDF invoices to be scanned and converted to validated invoices inside Spectrum and Vista. This enhances workflows thereby reducing costs and periods for contractors.

    In September 2023, Versatile, provider of data collection solutions exclusively for construction, partnered with Procore Technologies Inc. This partnership seeks to ease the burden of inaccurate daily construction log additions by ensuring that the data on site progress is correct. This development will ensure easy management of data which will reduce time spent and improve the level of efficiency for construction teams.

    In March 2023, L&T signed an MoU with the Odisha-based NGO SLS Trust to establish a Skill Training Hub in Badampahar in the Mayurbanj district. This center will include classrooms, modern simulators, practical training yards, and accommodation for the trainees.

    Construction Market Segmentation

    Construction Type Of Construction Outlook

      • Buildings Construction

      • Heavy And Civil Engineering Construction

      • Specialty Trade Contractors

      • Land Planning And Development

    Construction End-Use Sector Outlook

      • Public

      • Private

    Construction Type of Contractor Outlook

      • Large Contractor

      • Small Contractor

    Construction Regional Outlook

      • North America
        • US
        • Canada
      • Europe
        • Germany
        • France
        • UK
        • Italy
        • Spain
        • Rest of Europe
      • Asia-Pacific
        • China
        • Japan
        • India
        • Australia
        • South Korea
        • Australia
        • Rest of Asia-Pacific
      • Rest of the World
        • Middle East
        • Africa
        • Latin America

    Market Size & Forecast

    Report Attribute/Metric Details
    Market Size 2024 USD 9,058.00 Billion
    Market Size 2025 USD 9,511.08 Billion
    Market Size 2034 USD 14,757.37 Billion
    Compound Annual Growth Rate (CAGR) 5.00% (2025-2034)
    Base Year 2024
    Market Forecast Period 2025-2034
    Historical Data 2020-2024
    Market Forecast Units Value (USD Billion)
    Report Coverage Revenue Forecast, Market Competitive Landscape, Growth Factors, and Trends
    Segments Covered Type Of Construction, End-Use Sector, Type Of Contractor, and Region
    Geographies Covered North America, Europe, Asia Pacific, and the Rest of the World
    Countries Covered The US, Canada, German, France, UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil
    Key Companies Profiled Grupo ACS, Lennar Corporation, D.R. Horton, Inc., Bouygues S.A., Power Construction Corp. Of China, CIMIC Group, Shimizu Corporation, Lendlease Group, CapitaLand Limited, L&T Engineering & Construction Division, Tata Projects Ltd, Hindustan Construction Company, China Railway Engineering Corporation, Yunnan Zhiling Construction Engineering Co., Ltd., Zhejiang Yijian Construction Group Co
    Key Market Opportunities Growing populations requiring more housing, commercial spaces, and infrastructure in cities
    Key Market Dynamics Increased government and private investment in roads, bridges, renewable energy facilities, and urban development projects

    Major Players

    Market Segmentation

    Construction Type of Construction Outlook (USD Billion, 2018-2032)

    • Buildings Construction

    • Heavy and Civil Engineering Construction

    • Specialty Trade Contractors

    • Land Planning And Development

    Construction End-Use Sector Outlook (USD Billion, 2018-2032)

    • Public

    • Private

    Construction Type of Contractor Outlook (USD Billion, 2018-2032)

    • Large Contractor

    • Small Contractor

    Construction Regional Outlook (USD Billion, 2018-2032)

    • North America Outlook (USD Billion, 2018-2032)

      • North America Construction by Type of Construction

        • Buildings Construction

        • Heavy and Civil Engineering Construction

        • Specialty Trade Contractors

        • Land Planning And Development

      • North America Construction by End-Use Sector

        • Public

        • Private

      • North America Construction by Type of Contractor

        • Large Contractor

        • Small Contractor

      • US Outlook (USD Billion, 2018-2032)

      • US Construction by Type of Construction

        • Buildings Construction

        • Heavy and Civil Engineering Construction

        • Specialty Trade Contractors

        • Land Planning And Development

      • US Construction by End-Use Sector

        • Public

        • Private

      • US Construction by Type of Contractor

        • Large Contractor

        • Small Contractor

      • CANADA Outlook (USD Billion, 2018-2032)

      • Canada Construction by Type of Construction

        • Buildings Construction

        • Heavy and Civil Engineering Construction

        • Specialty Trade Contractors

        • Land Planning And Development

      • Canada Construction by End-Use Sector

        • Public

        • Private

      • Canada Construction by Type of Contractor

        • Large Contractor

        • Small Contractor

    • Europe Outlook (USD Billion, 2018-2032)

      • Europe Construction by Type of Construction

        • Buildings Construction

        • Heavy and Civil Engineering Construction

        • Specialty Trade Contractors

        • Land Planning And Development

      • Europe Construction by End-Use Sector

        • Public

        • Private

      • Europe Construction by Type of Contractor

        • Large Contractor

        • Small Contractor

      • Germany Outlook (USD Billion, 2018-2032)

      • Germany Construction by Type of Construction

        • Buildings Construction

        • Heavy and Civil Engineering Construction

        • Specialty Trade Contractors

        • Land Planning And Development

      • Germany Construction by End-Use Sector

        • Public

        • Private

      • Germany Construction by Type of Contractor

        • Large Contractor

        • Small Contractor

      • France Outlook (USD Billion, 2018-2032)

      • France Construction by Type of Construction

        • Buildings Construction

        • Heavy and Civil Engineering Construction

        • Specialty Trade Contractors

        • Land Planning And Development

      • France Construction by End-Use Sector

        • Public

        • Private

      • France Construction by Type of Contractor

        • Large Contractor

        • Small Contractor

      • UK Outlook (USD Billion, 2018-2032)

      • UK Construction by Type of Construction

        • Buildings Construction

        • Heavy and Civil Engineering Construction

        • Specialty Trade Contractors

        • Land Planning And Development

      • UK Construction by End-Use Sector

        • Public

        • Private

      • UK Construction by Type of Contractor

        • Large Contractor

        • Small Contractor

      • ITALY Outlook (USD Billion, 2018-2032)

      • Italy Construction by Type of Construction

        • Buildings Construction

        • Heavy and Civil Engineering Construction

        • Specialty Trade Contractors

        • Land Planning And Development

      • Italy Construction by End-Use Sector

        • Public

        • Private

      • Italy Construction by Type of Contractor

        • Large Contractor

        • Small Contractor

      • SPAIN Outlook (USD Billion, 2018-2032)

      • Spain Construction by Type of Construction

        • Buildings Construction

        • Heavy and Civil Engineering Construction

        • Specialty Trade Contractors

        • Land Planning And Development

      • Spain Construction by End-Use Sector

        • Public

        • Private

      • Spain Construction by Type of Contractor

        • Large Contractor

        • Small Contractor

      • Rest Of Europe Outlook (USD Billion, 2018-2032)

      • Rest of Europe Construction by Type of Construction

        • Buildings Construction

        • Heavy and Civil Engineering Construction

        • Specialty Trade Contractors

        • Land Planning And Development

      • Rest of Europe Construction by End-Use Sector

        • Public

        • Private

      • Rest of Europe Construction by Type of Contractor

        • Large Contractor

        • Small Contractor

    • Asia-Pacific Outlook (USD Billion, 2018-2032)

      • Asia Pacific Construction by Type of Construction

        • Buildings Construction

        • Heavy and Civil Engineering Construction

        • Specialty Trade Contractors

        • Land Planning And Development

      • Asia Pacific Construction by End-Use Sector

        • Public

        • Private

      • Asia Pacific Construction by Type of Contractor

        • Large Contractor

        • Small Contractor

      • China Outlook (USD Billion, 2018-2032)

      • China Construction by Type of Construction

        • Buildings Construction

        • Heavy and Civil Engineering Construction

        • Specialty Trade Contractors

        • Land Planning And Development

      • China Construction by End-Use Sector

        • Public

        • Private

      • China Construction by Type of Contractor

        • Large Contractor

        • Small Contractor

      • Japan Outlook (USD Billion, 2018-2032)

      • Japan Construction by Type of Construction

        • Buildings Construction

        • Heavy and Civil Engineering Construction

        • Specialty Trade Contractors

        • Land Planning And Development

      • Japan Construction by End-Use Sector

        • Public

        • Private

      • Japan Construction by Type of Contractor

        • Large Contractor

        • Small Contractor

      • India Outlook (USD Billion, 2018-2032)

      • India Construction by Type of Construction

        • Buildings Construction

        • Heavy and Civil Engineering Construction

        • Specialty Trade Contractors

        • Land Planning And Development

      • India Construction by End-Use Sector

        • Public

        • Private

      • India Construction by Type of Contractor

        • Large Contractor

        • Small Contractor

      • Australia Outlook (USD Billion, 2018-2032)

      • Australia Construction by Type of Construction

        • Buildings Construction

        • Heavy and Civil Engineering Construction

        • Specialty Trade Contractors

        • Land Planning And Development

      • Australia Construction by End-Use Sector

        • Public

        • Private

      • Australia Construction by Type of Contractor

        • Large Contractor

        • Small Contractor

      • Rest of Asia-Pacific Outlook (USD Billion, 2018-2032)

      • Rest of Asia Pacific Construction by Type of Construction

        • Buildings Construction

        • Heavy and Civil Engineering Construction

        • Specialty Trade Contractors

        • Land Planning And Development

      • Rest of Asia Pacific Construction by End-Use Sector

        • Public

        • Private

      • Rest of Asia Pacific Construction by Type of Contractor

        • Large Contractor

        • Small Contractor

    • Rest of the World Outlook (USD Billion, 2018-2032)

      • Rest of World Construction by Type of Construction

        • Buildings Construction

        • Heavy and Civil Engineering Construction

        • Specialty Trade Contractors

        • Land Planning And Development

      • Rest of World Construction by End-Use Sector

        • Public

        • Private

      • Rest of World Construction by Type of Contractor

        • Large Contractor

        • Small Contractor

      • Middle East Outlook (USD Billion, 2018-2032)

      • Middle East Construction by Type of Construction

        • Buildings Construction

        • Heavy and Civil Engineering Construction

        • Specialty Trade Contractors

        • Land Planning And Development

      • Middle East Construction by End-Use Sector

        • Public

        • Private

      • Middle East Construction by Type of Contractor

        • Large Contractor

        • Small Contractor

      • Africa Outlook (USD Billion, 2018-2032)

      • Africa Construction by Type of Construction

        • Buildings Construction

        • Heavy and Civil Engineering Construction

        • Specialty Trade Contractors

        • Land Planning And Development

      • Africa Construction by End-Use Sector

        • Public

        • Private

      • Africa Construction by Type of Contractor

        • Large Contractor

        • Small Contractor

      • Latin America Outlook (USD Billion, 2018-2032)

      • Latin America Construction by Type of Construction

        • Buildings Construction

        • Heavy and Civil Engineering Construction

        • Specialty Trade Contractors

        • Land Planning And Development

      • Latin America Construction by End-Use Sector

        • Public

        • Private

      • Latin America Construction by Type of Contractor

        • Large Contractor

        • Small Contractor

    Market Trends

    Global Construction Market Overview

    Construction Market Size was valued at USD 9,058.00 Billion in 2024. The Construction industry is projected to grow from USD 9,511.08 Billion in 2025 to USD 14,757.37 Billion by 2034, exhibiting a compound annual growth rate (CAGR) of 5.00% during the forecast period (2025 - 2034). The increase in population requires more housing, schools, hospitals, and other facilities, fueling construction projects are the key market drivers enhancing the market growth.Construction Market OverviewEnd-Use Sector: Secondary Research, Primary Research, MRFR Database and Analyst Review

    Construction Market Trends

      • Increase in population requires more housing, schools, hospitals, and other facilities, fueling construction projects Anticipated in the market growth

    Market CAGR for the economic growth sеrvеs as a fundamеntal drivеr for thе construction industry, and its impact is rеflеctеd in various еconomic indicators. According to data from organizations such as thе World Bank and thе Intеrnational Monеtary Fund (IMF), countriеs еxpеriеncing robust еconomic growth oftеn witnеss a surgе in construction activitiеs. For instancе, in thе pеriod of ...

    Market Segment Insights

    Smartphone Sensors Smartphone Type Insights

    The Smartphone Sensors market segmentation, based on smartphone type, includes standard smartphone, rugged smartphone, smartwatches, and other wearable. The standard smartphone segment dominated the market, accounting for the maximum market revenue. A smartphone is a mobile phone with a built-in computer and advanced features, such as web browsing and operating system, which are not associated with its counterpart. The rising mobile internet use, rising disposable income in developing countries, and high ownership of premium design smartphones are a few factors that are anticipated to grow smartphone sales. Smartphones are helped by a mobile operating system that offers advanced computing facilities. A smartphone can also work as a digital media player for uploading photos, videos, and music through a single interface.

    Smartphone Sensors Market, By Device Type Outlook, 2024 & 2035
    Get detailed insights about Construction Market

    Smartphone Sensors Manufacturer Insights

    The Smartphone Sensors market segmentation, based on the manufacturer, includes Apple Inc., Samsung Electronics, Huawei Technology, Xiaomi Inc., Oppo, Sony Corporation, HMD Global, and others. The Apple Inc. segment generated the most revenue due to its superior quality. Apple’s iPhone stands out over all other smartphones in the market. Apple Inc. is the market leader because they use more sensors in their devices to provide unique features. For Instance: Apple’s iPhone 12 uses a lidar for depth sensing, proximity for 3D touch, a gyroscope for compass, GPS, face ID for biometrics, auto-off, a barometer, a magnetometer for compass & GPS, and an ambient light sensor for auto-dimming displays. The better user experience, increased accessibility, and more security these sensors offer consumers to boost the segment‘s growth.

    Smartphone Sensors Application Insights

    The Smartphone Sensors market segmentation, based on the manufacturer, includes Apple Inc., Samsung Electronics, Huawei Technology, Xiaomi Inc., Oppo, Sony Corporation, HMD Global, and others. The Apple Inc. segment generated the most revenue due to its superior quality. Apple’s iPhone stands out over all other smartphones in the market. Apple Inc. is the market leader because they use more sensors in their devices to provide unique features. For Instance: Apple’s iPhone 12 uses a lidar for depth sensing, proximity for 3D touch, a gyroscope for compass, GPS, face ID for biometrics, auto-off, a barometer, a magnetometer for compass & GPS, and an ambient light sensor for auto-dimming displays. The better user experience, increased accessibility, and more security these sensors offer consumers to boost the segment‘s growth.

    Smartphone Sensors Regional Insights

    The Smartphone Sensors market segmentation, based on the manufacturer, includes Apple Inc., Samsung Electronics, Huawei Technology, Xiaomi Inc., Oppo, Sony Corporation, HMD Global, and others. The Apple Inc. segment generated the most revenue due to its superior quality. Apple’s iPhone stands out over all other smartphones in the market. Apple Inc. is the market leader because they use more sensors in their devices to provide unique features. For Instance: Apple’s iPhone 12 uses a lidar for depth sensing, proximity for 3D touch, a gyroscope for compass, GPS, face ID for biometrics, auto-off, a barometer, a magnetometer for compass & GPS, and an ambient light sensor for auto-dimming displays. The better user experience, increased accessibility, and more security these sensors offer consumers to boost the segment‘s growth.

    Smartphone Sensors Market, By Device Type Outlook, 2024 & 2035
    Get detailed insights about Smartphone Sensors Market

    Smartphone Sensors Price Insights

    The Smartphone Sensors market segmentation, based on price, includes USD 300 to USD 500, USD 100 to USD 300, above USD 500, and under USD 100. The USD 300 to USD 500 segment dominated the market revenue in the projected period. Most smartphones sold in medium-end devices have a sensor within this range. For instance: Nubia launched a new flagship Android device powered by the latest Snapdragon 8Gen 2CPU. The OEM has also specified that this gadget, which peculiarly seems to go by the name Z50 even though its processor was the z40 Pro, will compete with the Xiaomi 13 and iQOO11 series with cutting-edge LPDDR5X RAM and storage with the most recent UFS 4.0 spec.

    Get more detailed insights about Construction Market

    Key Players and Competitive Insights

    Leading market players are investing heavily in research and development to expand their product lines, which will help the Smartphone Sensors market, grow even more. Market participants are also undertaking various strategic activities to expand their footprint, with important market developments including new product launches, contractual agreements, mergers and acquisitions, higher investments, and collaboration with other organizations. To expand and survive in a more competitive and growing market climate, the Smartphone Sensors industry must offer cost-effective items.

    Manufacturing locally to minimize operational costs is one of the key business tactics manufacturers use in the Smartphone Sensors industry to benefit clients and increase the market sector. In recent years, the Smartphone Sensors industry has offered manufacturers some of the most significant advantages. Major players in the Smartphone Sensors market, including MS AG (Austria), Broadcom Inc. (US), DYNA IMAGE Corporation (China), Murata Electronics Oy (Finland), NEXT Biometrics Group ASA (Norway), Omron Corporation (Japan), Samsung Electronics Co. Ltd. (South Korea), Sony Corporation (Japan)., and others, are attempting to increase market demand by investing in research and development operations.

    Samsung is dedicated to abiding by local laws and regulations and enforcing a strict code of conduct for all employees. Samsung adheres to a straightforward business tent: to usage its technology and expertise to develop top-notch goods and services that make a more cultured world. Samsung provides a high importance on its people and technologies to do this. For Instance: In January 2023, Samsung Electronics launched its new MICRO LED, Neo QLED, and Samsung OLED product lines, along with lifestyle products and accessories, before CES® 2023.

    Apple Inc. is a multinational American technology business with its main office in Cupertino, California. According to revenue, Apple will be the top technological business in the world in 2022, with US $ 394.3 billion in sales. According to market capitalization, Apple is the largest corporation in the world as of March 2023. For Instance: In September 2022, the iPhone 14 and iPhone 14 Plus, which come in two sizes, 6.1 and 6.7 inches and include a smart design, camera upgrades, and game-changing new safety measures, were introduced by Apple. The iPhone 14 and iPhone 14 Plus have a powerful camera system that incorporates the primary and front TrueDepth cameras, the Ultra Wide camera for uncommon perspectives, and the photonic engine, an enhanced picture pipeline.

    Key Companies in the Smartphone Sensors market include

    MS AG (Austria)
    MS AG (Austria)
    MS AG (Austria)
    MS AG (Austria)
    MS AG (Austria)
    MS AG (Austria)
    MS AG (Austria)

    Industry Developments

    • September 2022: Comcast and Samsung Electronics announced their partnership to create 5G Radio Access Network (RAN) technologies to enhance 5G connection for Xfinity Mobile and Comcast Business Mobile users in Comcast service zones. Samsung will provide 5G RAN technology, and Comcast will deploy Citizens Broadband Radio Service (CBRS) and 600 MHz spectrum to provide 5G access to consumer and business users in the US.
    • October 2022: Huawei announced the release of the newest antenna solutions, including the Maxwell platform and the X2 antenna series, for the subsequent 5G antenna innovation stage. The new technologies speed up 5G deployment by improving antenna and setup capabilities.

    Market Segmentation

    Smartphone Type Outlook

    • Standard Smartphone
    • Rugged Smartphone
    • Smartwatches
    • Other Wearable

    Price Outlook

    • USD 300 to USD 500
    • USD 100 to USD 300
    • Above USD 500
    • Under USD 100

    Manufacturer Outlook

    • Apple Inc.
    • Samsung Electronics
    • Huawei Technology
    • Xiaomi Inc.
    • Oppo
    • Sony Corporation
    • HMD Global

    Application Outlook

    • High-Level
    • Mid-Level
    • Low-Level

    Manufacturer Outlook

    North America
    • US
    • Canada
    Europe
    • Germany
    • France
    • UK
    • Italy
    • Spain
    • Rest of Europe
    Asia-Pacific
    • China
    • Japan
    • India
    • Italy
    • Australia
    • South Korea
    • Rest of Asia-Pacific
    Rest of the World
    • Middle East
    • Africa
    • Latin America

    Report Scope

    Report Attribute/Metric Details
    Market Size 2024 USD 9,058.00 Billion
    Market Size 2025 USD 9,511.08 Billion
    Market Size 2034 USD 14,757.37 Billion
    Compound Annual Growth Rate (CAGR) 5.00% (2025-2034)
    Base Year 2024
    Market Forecast Period 2025-2034
    Historical Data 2020-2024
    Market Forecast Units Value (USD Billion)
    Report Coverage Revenue Forecast, Market Competitive Landscape, Growth Factors, and Trends
    Segments Covered Type Of Construction, End-Use Sector, Type Of Contractor, and Region
    Geographies Covered North America, Europe, Asia Pacific, and the Rest of the World
    Countries Covered The US, Canada, German, France, UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil
    Key Companies Profiled Grupo ACS, Lennar Corporation, D.R. Horton, Inc., Bouygues S.A., Power Construction Corp. Of China, CIMIC Group, Shimizu Corporation, Lendlease Group, CapitaLand Limited, L&T Engineering & Construction Division, Tata Projects Ltd, Hindustan Construction Company, China Railway Engineering Corporation, Yunnan Zhiling Construction Engineering Co., Ltd., Zhejiang Yijian Construction Group Co
    Key Market Opportunities Growing populations requiring more housing, commercial spaces, and infrastructure in cities
    Key Market Dynamics Increased government and private investment in roads, bridges, renewable energy facilities, and urban development projects

    Market Highlights

    Author

    Aarti Dhapte
    Team Lead - Research

    She holds an experience of about 6+ years in market research and business consulting, working under the spectrum of information communication technology, telecommunications and semiconductor domains. aarti conceptualizes and implements a scalable business strategy and provides strategic leadership to the clients. her expertise lies in market estimation, competitive intelligence, pipeline analysis, customer assessment, etc.

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    Latest Comments

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    This is a great article! Really helped me understand the topic better.

    Posted on July 23, 2025, 10:15 AM
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    FAQs

    1. CANADA: CONSTRUCTION MARKET, BY END-USE SECTOR, 2025-2034 (USD BILLION)
    2. GERMANY: CONSTRUCTION MARKET, BY TYPE OF CONTRACTOR, 2025-2034 (USD BILLION)
    3. SPAIN: CONSTRUCTION MARKET, BY END-USE SECTOR, 2025-2034 (USD BILLION)
    4. REST OF EUROPE: CONSTRUCTION MARKET, BY TYPE OF CONTRACTOR, 2025-2034 (USD BILLION)
    5. JAPAN: CONSTRUCTION MARKET, BY TYPE OF CONTRACTOR, 2025-2034 (USD BILLION)
    6. AUSTRALIA: CONSTRUCTION MARKET, BY END-USE SECTOR, 2025-2034 (USD BILLION)
    7. REST OF THE WORLD: CONSTRUCTION MARKET, BY END-USE SECTOR, 2025-2034 (USD BILLION)
    8. AFRICA: CONSTRUCTION MARKET, BY TYPE OF CONSTRUCTION, 2025-2034 (USD BILLION)
    9. LATIN AMERICA: CONSTRUCTION MARKET, BY TYPE OF CONTRACTOR, 2025-2034 (USD BILLION)
    10. CIMIC GROUP: FINANCIAL OVERVIEW SNAPSHOT
    11. CAPITALAND LIMITED: SWOT ANALYSIS

    Market Segmentation

    Construction Type of Construction Outlook (USD Billion, 2018-2032)

    • Buildings Construction
    • Heavy and Civil Engineering Construction
    • Specialty Trade Contractors
    • Land Planning And Development

    Construction End-Use Sector Outlook (USD Billion, 2018-2032)

    • Public
    • Private

    Construction Type of Contractor Outlook (USD Billion, 2018-2032)

    • Large Contractor
    • Small Contractor

    Construction Regional Outlook (USD Billion, 2018-2032)

    • North America Outlook (USD Billion, 2018-2032)

      • North America Construction by Type of Construction
        • Buildings Construction
        • Heavy and Civil Engineering Construction
        • Specialty Trade Contractors
        • Land Planning And Development
      • North America Construction by End-Use Sector
        • Public
        • Private
      • North America Construction by Type of Contractor
        • Large Contractor
        • Small Contractor

      • US Outlook (USD Billion, 2018-2032)

      • US Construction by Type of Construction
        • Buildings Construction
        • Heavy and Civil Engineering Construction
        • Specialty Trade Contractors
        • Land Planning And Development
      • US Construction by End-Use Sector
        • Public
        • Private
      • US Construction by Type of Contractor
        • Large Contractor
        • Small Contractor

      • CANADA Outlook (USD Billion, 2018-2032)

      • Canada Construction by Type of Construction
        • Buildings Construction
        • Heavy and Civil Engineering Construction
        • Specialty Trade Contractors
        • Land Planning And Development
      • Canada Construction by End-Use Sector
        • Public
        • Private
      • Canada Construction by Type of Contractor
        • Large Contractor
        • Small Contractor

    • Europe Outlook (USD Billion, 2018-2032)

      • Europe Construction by Type of Construction
        • Buildings Construction
        • Heavy and Civil Engineering Construction
        • Specialty Trade Contractors
        • Land Planning And Development
      • Europe Construction by End-Use Sector
        • Public
        • Private
      • Europe Construction by Type of Contractor
        • Large Contractor
        • Small Contractor

      • Germany Outlook (USD Billion, 2018-2032)

      • Germany Construction by Type of Construction
        • Buildings Construction
        • Heavy and Civil Engineering Construction
        • Specialty Trade Contractors
        • Land Planning And Development
      • Germany Construction by End-Use Sector
        • Public
        • Private
      • Germany Construction by Type of Contractor
        • Large Contractor
        • Small Contractor

      • France Outlook (USD Billion, 2018-2032)

      • France Construction by Type of Construction
        • Buildings Construction
        • Heavy and Civil Engineering Construction
        • Specialty Trade Contractors
        • Land Planning And Development
      • France Construction by End-Use Sector
        • Public
        • Private
      • France Construction by Type of Contractor
        • Large Contractor
        • Small Contractor

      • UK Outlook (USD Billion, 2018-2032)

      • UK Construction by Type of Construction
        • Buildings Construction
        • Heavy and Civil Engineering Construction
        • Specialty Trade Contractors
        • Land Planning And Development
      • UK Construction by End-Use Sector
        • Public
        • Private
      • UK Construction by Type of Contractor
        • Large Contractor
        • Small Contractor

      • ITALY Outlook (USD Billion, 2018-2032)

      • Italy Construction by Type of Construction
        • Buildings Construction
        • Heavy and Civil Engineering Construction
        • Specialty Trade Contractors
        • Land Planning And Development
      • Italy Construction by End-Use Sector
        • Public
        • Private
      • Italy Construction by Type of Contractor
        • Large Contractor
        • Small Contractor

      • SPAIN Outlook (USD Billion, 2018-2032)

      • Spain Construction by Type of Construction
        • Buildings Construction
        • Heavy and Civil Engineering Construction
        • Specialty Trade Contractors
        • Land Planning And Development
      • Spain Construction by End-Use Sector
        • Public
        • Private
      • Spain Construction by Type of Contractor
        • Large Contractor
        • Small Contractor

      • Rest Of Europe Outlook (USD Billion, 2018-2032)

      • Rest of Europe Construction by Type of Construction
        • Buildings Construction
        • Heavy and Civil Engineering Construction
        • Specialty Trade Contractors
        • Land Planning And Development
      • Rest of Europe Construction by End-Use Sector
        • Public
        • Private
      • Rest of Europe Construction by Type of Contractor
        • Large Contractor
        • Small Contractor

    • Asia-Pacific Outlook (USD Billion, 2018-2032)

      • Asia Pacific Construction by Type of Construction
        • Buildings Construction
        • Heavy and Civil Engineering Construction
        • Specialty Trade Contractors
        • Land Planning And Development
      • Asia Pacific Construction by End-Use Sector
        • Public
        • Private
      • Asia Pacific Construction by Type of Contractor
        • Large Contractor
        • Small Contractor

      • China Outlook (USD Billion, 2018-2032)

      • China Construction by Type of Construction
        • Buildings Construction
        • Heavy and Civil Engineering Construction
        • Specialty Trade Contractors
        • Land Planning And Development
      • China Construction by End-Use Sector
        • Public
        • Private
      • China Construction by Type of Contractor
        • Large Contractor
        • Small Contractor

      • Japan Outlook (USD Billion, 2018-2032)

      • Japan Construction by Type of Construction
        • Buildings Construction
        • Heavy and Civil Engineering Construction
        • Specialty Trade Contractors
        • Land Planning And Development
      • Japan Construction by End-Use Sector
        • Public
        • Private
      • Japan Construction by Type of Contractor
        • Large Contractor
        • Small Contractor

      • India Outlook (USD Billion, 2018-2032)

      • India Construction by Type of Construction
        • Buildings Construction
        • Heavy and Civil Engineering Construction
        • Specialty Trade Contractors
        • Land Planning And Development
      • India Construction by End-Use Sector
        • Public
        • Private
      • India Construction by Type of Contractor
        • Large Contractor
        • Small Contractor

      • Australia Outlook (USD Billion, 2018-2032)

      • Australia Construction by Type of Construction
        • Buildings Construction
        • Heavy and Civil Engineering Construction
        • Specialty Trade Contractors
        • Land Planning And Development
      • Australia Construction by End-Use Sector
        • Public
        • Private
      • Australia Construction by Type of Contractor
        • Large Contractor
        • Small Contractor

      • Rest of Asia-Pacific Outlook (USD Billion, 2018-2032)

      • Rest of Asia Pacific Construction by Type of Construction
        • Buildings Construction
        • Heavy and Civil Engineering Construction
        • Specialty Trade Contractors
        • Land Planning And Development
      • Rest of Asia Pacific Construction by End-Use Sector
        • Public
        • Private
      • Rest of Asia Pacific Construction by Type of Contractor
        • Large Contractor
        • Small Contractor

    • Rest of the World Outlook (USD Billion, 2018-2032)

      • Rest of World Construction by Type of Construction
        • Buildings Construction
        • Heavy and Civil Engineering Construction
        • Specialty Trade Contractors
        • Land Planning And Development
      • Rest of World Construction by End-Use Sector
        • Public
        • Private
      • Rest of World Construction by Type of Contractor
        • Large Contractor
        • Small Contractor

      • Middle East Outlook (USD Billion, 2018-2032)

      • Middle East Construction by Type of Construction
        • Buildings Construction
        • Heavy and Civil Engineering Construction
        • Specialty Trade Contractors
        • Land Planning And Development
      • Middle East Construction by End-Use Sector
        • Public
        • Private
      • Middle East Construction by Type of Contractor
        • Large Contractor
        • Small Contractor

      • Africa Outlook (USD Billion, 2018-2032)

      • Africa Construction by Type of Construction
        • Buildings Construction
        • Heavy and Civil Engineering Construction
        • Specialty Trade Contractors
        • Land Planning And Development
      • Africa Construction by End-Use Sector
        • Public
        • Private
      • Africa Construction by Type of Contractor
        • Large Contractor
        • Small Contractor

      • Latin America Outlook (USD Billion, 2018-2032)

      • Latin America Construction by Type of Construction
        • Buildings Construction
        • Heavy and Civil Engineering Construction
        • Specialty Trade Contractors
        • Land Planning And Development
      • Latin America Construction by End-Use Sector
        • Public
        • Private
      • Latin America Construction by Type of Contractor
        • Large Contractor
        • Small Contractor
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