Between the years 1945 and 2005, the productivity in the construction industry has grown a meagre 6%; only a small fraction of the growth that happened in similar industries, such as manufacturing. However, this is about to change as the market for the digitalization of the construction eco-system is growing exponentially from $24 Million in 2006 to $480 Million in 2017 at a growth rate of 31% per year and is expected to be over $5.8 Billion by 2025 according to Mckinsey.
In addition, a recently published international standard (ISO 29481) for digital Building Information Modeling (BIM) are to disrupt the construction ex-system as they will be mandatory by 2020 in several leading European countries.
LightYX has developed a lab tested prototype (TRL 6) for Adaptive Projected Reality technology that projects augmented reality of 3D blueprints (BIM) on top of the physical construction scene allowing the worker to follow and work accordingly. The technology also monitors construction quality and progress compared to the virtual design plans. Its purpose is to ensure that construction workers can correctly implement 3D construction plans on the first go, whilst managers are able to continuously monitor the implementation process. The goal of this pr
Field of science
- /social sciences/economics and business/business and management/commerce
- /social sciences/economics and business/economics/production economics/productivity
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