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The Global 3D Mapping and Modeling Market size is estimated to grow at a CAGR of 15.24% between 2022 and 2027. The 3D mapping and modeling market size is forecast to increase by USD 7,086.65 million. The growth of the market depends on several factors, including the growing use of 3D mapping and modeling in building and construction, increasing demand for 3D content, and increasing use of 3D mapping and modeling in healthcare.
This 3D mapping and modeling market report extensively covers market segmentation by component (software and services), product (3D modeling and 3D mapping), and geography (North America, APAC, Europe, Middle East and Africa, and South America). It also includes an in-depth analysis of drivers, trends, and challenges. Furthermore, the report includes historic market data from 2017 to 2021.
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Our researchers analyzed the data with 2022 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.
The growing use of 3D mapping and modeling in building and construction is notably driving market growth. Infrastructure is developing rapidly across the world. As a result, building designs and architectural specifications are constantly evolving. With 3D modeling, architects can focus more on original design ideas and save a ton of time by not having to worry about the details. The creation of original architectural designs is also made simple by 3D modeling software. Additionally, they are better able to experiment with methods or visualize structures.
By using 3D mapping, civil engineers can speed up the process of planning, reviewing, maintaining infrastructures, and can make any necessary changes, if required. Moreover, the adoption of 3D modeling has allowed the construction sector to finish more projects quickly and affordably. This is because it gives designers an opportunity to identify potential design issues before starting actual construction. Currently, 3D modeling is a common tool used in various modern construction projects. Thus, the growing use of 3D mapping and modeling in building and construction will boost the growth of the global 3D mapping and 3D modeling market during the forecast period.
The growing technological advancements are an emerging trend in market growth. In order to increase their market share, major players in the global market are focusing on developing cutting-edge technological solutions using augmented reality (AR). In augmented reality, actual objects are combined with real-time data in the form of text, images, audio, and other virtual additions.
For instance, the AR Spatial Mapping platform, ARitize Maps, was made available in April 2022 by Nextech, a Canadian metaverse company that specializes in AR solutions, spatial mapping, and 3D models. This program is a fully functional tool for creating a metaverse and is the first end-to-end metaverse mapping solution for both individuals and businesses. The app now has new features like 3D model viewing in user-created maps, localization, simple drag-and-drop of AR content, and augmented reality mapping. Thus, growing technological advancements are expected to drive the growth of the global 3D mapping and 3D modeling market during the forecast period.
High technological and installation costs are major challenges impeding market growth. The 3D mapping technology industry is constantly evolving. A better user experience is also necessary along with providing the user with 3D content in HD quality. To do this, additional money must be spent on 3D content data acquisition devices like scanners and lasers. Therefore, it increases the overall cost of the technology. According to a study by On Services, the typical projection mapping service bills at a rate of around USD 10,000 for each minute of 3D video content.
In addition to the price of video development time, there are additional costs for projectors, media servers, and hard drives. In turn, this could slow the development of 3D mapping technology, which could pose a significant obstacle to the expansion of the global 3D mapping and 3D modeling market during the forecast period.
The report includes the adoption lifecycle of the market, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies.
Global 3D Mapping and Modeling Market Customer Landscape
The market share growth by the software segment will be significant during the forecast period. 3D modeling and mapping software is a requirement for many industries. In fact, these cutting-edge software tools are being used to their full potential by engineers and designers because they are useful for a wide range of applications, from manufacturing to simulation. Also, 3D mapping software offers technical methods for information acquisition and visualization. These technical methods facilitate machine vision to profile objects in three dimensions and help mapping the same in the real world.
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The software segment was valued at USD 2,544.57 million in 2017 and continued to grow until 2021. Users can produce 3D models and maps with the help of software tools. This 3D modeling software is now used for many drawing-related purposes, despite being initially created for use in architectural design. Because of the growing popularity of animated content, 3D software tools, and the expanding video game industry, many industries are implementing 3D maps and models. The use of visual content for marketing and promotional activities is another factor influencing the use of 3D mapping and modeling software. Thus, the growing use of 3D mapping and modeling software will drive the growth of the software segment in the global market for 3D mapping and modeling during the forecast period.
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APAC is estimated to contribute 36% to the growth of the global market during the forecast period. Another region offering significant growth opportunities to vendors is North America. Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.
North America held the highest market share in the global market in 2022 due to the growing use of 3D mapping and modeling in the construction, healthcare, and gaming industry. The growth of the 3D video game market in North America is huge. In the region, gaming device sales are very strong. Therefore, in North America, console games are the main emphasis of both developers and publishers. Utilizing 3D modeling, game developers can produce engaging and lifelike gaming encounters. The game can appear and feel more realistic due to its ability to create complex visuals and textures. The region's expanding gaming market is thus anticipated to fuel the expansion of the market in North America during the forecast period.
Furthermore, the US healthcare industry's increased use of 3D mapping technologies is another key factor driving this market's expansion. 3D mapping is being used more frequently in the medical field to model during operations and map the human anatomy. Therefore, the region's expanding healthcare sector will spur the market for 3D mapping and modeling in North America. Additionally, the popularity of 3D animated films, one of the major consumers of this technology, has increased the market for 3D mapping and modeling in North America. Moreover, with the rise of online learning platforms like Coursera, edX, and Udemy, the use of motion graphic animation movies is also expanding. Hence, during the forecast period, this will further fuel the expansion of the market in North America.
In 2020, the outbreak of COVID-19 severely affected the growth of the market in North America. However, the initiation of large-scale vaccination drives led to the lifting of lockdown restrictions in 2021. This resulted in the resumption of operations in end-user industries, including construction and media and entertainment. This has increased the demand for 3D mapping and modeling from these end-users. Moreover, the major regional vendors are implementing a number of strategies, including mergers and acquisitions, that will enable them to grow in the near future. Hence, such factors will boost regional market growth during the forecast period.
Vendors are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.
Autodesk Inc. - The company offers customers productive business solutions through powerful technology products and services. The key offerings of the company include 3D mapping and modeling solutions such as AutoCAD, Revit, and ReCap Pro.
The report also includes detailed analyses of the competitive landscape of the market and information about 15 market vendors, including:
Qualitative and quantitative analysis of vendors has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize vendors as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize vendors as dominant, leading, strong, tentative, and weak.
The 3D mapping and modeling market report forecasts market growth by revenue at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2017 to 2027.
3D Mapping and Modeling Market Scope |
|
Report Coverage |
Details |
Page number |
161 |
Base year |
2022 |
Historic period |
2017-2021 |
Forecast period |
2023-2027 |
Growth momentum & CAGR |
Accelerate at a CAGR of 15.24% |
Market growth 2023-2027 |
USD 7,086.65 million |
Market structure |
Fragmented |
YoY growth 2022-2023(%) |
14.54 |
Regional analysis |
North America, APAC, Europe, Middle East and Africa, and South America |
Performing market contribution |
APAC at 36% |
Key countries |
US, China, Japan, South Korea, and Germany |
Competitive landscape |
Leading Vendors, Market Positioning of Vendors, Competitive Strategies, and Industry Risks |
Key companies profiled |
Adobe Inc., Airbus SE, Astrivis Technologies Ltd., Autodesk Inc., Bentley Systems Inc., CyberCity 3D Inc., Dassault Systemes SE, Dynamic Map Platform Co. Ltd., Esri Global Inc., Golden Software LLC, Innersight Labs Ltd., Intermap Technologies Inc., Maxon Computer GmbH, Mitsubishi Electric Corp., Onionlab, Pix4D SA, Saab AB, The Foundry Visionmongers Ltd., Topcon Positioning Systems Inc., and Trimble Inc. |
Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and Market condition analysis for the forecast period. |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
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