The global architectural, engineering, and construction services market size was estimated at USD 108.15 billion in 2023 and is projected to reach USD 263.77 billion by 2030, growing at a CAGR of 14.5% from 2024 to 2030. This strong growth reflects the rising importance of professional design, engineering, and construction services across both developed and developing regions. The most significant growth driver for the market is the increasing demand for large-scale infrastructure development, especially in emerging economies that are investing heavily in economic expansion and modernization.

Rapid urbanization, population growth, and migration toward cities have created a strong need for modern, efficient, and sustainable urban infrastructure. Governments and private sector players are allocating substantial budgets to the development of roads, railways, bridges, airports, ports, and public buildings to support expanding urban populations. This urban expansion is also driving sustained demand for new residential housing, commercial complexes, industrial parks, and smart city projects, which in turn is significantly boosting the need for specialized architectural design, structural engineering, and project management services.

The adoption of Building Information Modeling (BIM) and other advanced digital technologies has transformed the architectural, engineering, and construction (AEC) industry by improving project efficiency, minimizing errors, and reducing overall project costs. BIM enables real-time collaboration between architects, engineers, and construction professionals, allowing stakeholders to visualize projects before construction begins and manage changes more effectively. In addition, the growing use of artificial intelligence (AI), drones for site monitoring and surveying, 3D printing for rapid prototyping and construction components, and virtual reality (VR) for immersive project visualization is accelerating market growth by streamlining workflows, enhancing safety, and significantly boosting productivity across the construction lifecycle.

Key Market Trends & Insights:

• The Architectural, Engineering, and Construction (AEC) services market in North America held a share of over 26.0% in 2023, reflecting the region’s strong infrastructure base, advanced construction practices, and high adoption of digital technologies. The presence of large-scale infrastructure projects, smart city initiatives, and continuous investment in commercial and residential development also contributed to the region’s strong market position.

• The AEC services market in the U.S. is expected to grow significantly at a CAGR of 12.5% from 2024 to 2030, driven by robust government funding for infrastructure modernization, increasing demand for sustainable building solutions, and growing private sector investments in real estate and industrial development. Technological advancements such as automation, digital modeling, and smart construction methods are further supporting this growth trajectory.

• Based on service, the digital services segment accounted for the largest revenue share of over 48.0% in 2023, supported by the rising adoption of Building Information Modeling (BIM), digital twin technology, cloud-based collaboration tools, and data-driven project management systems. These digital tools help improve project accuracy, reduce rework, enhance coordination among stakeholders, and optimize overall project timelines and costs.

• Based on transportation infrastructure, the highways segment accounted for the largest revenue share of over 40.0% in 2023, due to continuous investments in road expansion, highway reconstruction, traffic management systems, and intercity connectivity projects. Governments and private investors are increasingly focusing on improving road safety, reducing congestion, and enhancing logistical efficiency, which has fueled demand for highway-related AEC services.

• Based on real estate, the commercial segment accounted for the largest revenue share of over 48.0% in 2023, driven by the growing development of office buildings, retail spaces, shopping malls, coworking spaces, hotels, and mixed-use developments. Rising urban business activity, corporate expansion, and increasing demand for modern commercial infrastructure have significantly supported the dominance of this segment.

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Market Size & Forecast:

• 2023 Market Size: USD 108.15 Billion

• 2030 Projected Market Size: USD 263.77 Billion

• CAGR (2024-2030): 14.5%

• North America: Largest market in 2023

Key Companies & Market Share Insights:

Key players operating in the market include AECOM, HDR, Inc., Gensler, Stantec, and Trimble, which represent some of the most influential companies in the architectural, engineering, and construction (AEC) services industry. These companies have established strong global and regional presences through their extensive project portfolios, technical expertise, and long-standing client relationships across infrastructure, commercial, residential, and industrial sectors.

The companies are focusing on a wide range of strategic initiatives to strengthen their market positions and gain a competitive advantage over their rivals. These initiatives include new product development, where firms invest in advanced design tools, digital platforms, and innovative construction technologies, as well as partnerships and collaborations with technology providers, construction firms, and government bodies to expand their service capabilities and geographic reach. In addition, companies are actively entering into strategic agreements, mergers, and alliances to enhance operational efficiency, improve service offerings, and secure long-term project pipelines, enabling them to remain competitive in an evolving and technology-driven market landscape.

Key Players

• AECOM

• Autodesk

• AVEVA Group Plc

• Gensler

• HDR, Inc.

• HEXAGON

• Oracle

• Schneider Electric SE

• Stantec

• Trimble

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Conclusion:

 The global AEC services market is set for strong growth, driven by expanding infrastructure development worldwide — especially in emerging economies. Rapid urbanization and demand for modern, sustainable urban infrastructure are fueling investments in roads, transportation, buildings, and real estate, which increases demand for architectural and engineering services. Technological adoption — such as digital services, BIM, cloud-based platforms, AI, drones, 3D printing and VR — is transforming the industry by improving efficiency, collaboration, and cost-effectiveness.