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The 3D Mapping and Modeling Market size is estimated to grow by USD 7.08 billion at a CAGR of 15.24% between 2022 and 2027. The market's expansion relies on several key factors, including the expanding application of 3D mapping and modeling in the building and construction sector, the rising demand for 3D content across various industries, and the growing utilization of 3D mapping and modeling in healthcare. These factors collectively drive the adoption of 3D technologies, leading to market growth. The construction industry benefits from 3D mapping and modeling by enabling precise planning and visualization of projects, enhancing efficiency, and reducing errors. In healthcare, these technologies are used for surgical planning, patient education, and medical research, contributing to improved healthcare outcomes. As these trends continue to evolve, the market is expected to witness significant growth, driven by its diverse applications across industries.
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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This 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).
The market share growth by the software segment will be significant during the forecast period. This software is a requirement for many industries. 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, this software offers technical methods for information acquisition and visualization. These technical methods facilitate machine vision to profile objects in three dimensions and help map the same in the real world.
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The software segment was valued at USD 2.54 billion in 2017. Users can produce 3D models and maps with the help of software tools. This 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 this software. Thus, the growing use of this software will drive the growth of the software segment in the market 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 companies 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 these 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 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 these technologies is another key factor driving this market's expansion. This 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 in North America. Additionally, the popularity of animated films, one of the major consumers of this technology, has increased the market 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.
The market is driven by the increasing demand for 3D animation and mobile applications that utilize 3D scanners and sensors. The market is propelled by the availability of 3D-enabled display devices, providing users with a high-definition (HD) experience. 3D viewing technology enables the perception of 3D images, creating a realistic three-dimensional representation of objects with edges, vertices, and polygons. Specialized software and machine learning algorithms are used to create simulated 3D space and 3D environments for various applications, including video entertainment and VR technology. Next-generation 3D displays offer superior realistic image visualization and 3D effects for an immersive experience on 3D-enabled devices such as televisions. 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 this 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 this software. Additionally, they are better able to experiment with methods or visualize structures.
By using these, civil engineers can indeed speed up the process of planning, reviewing, and maintaining infrastructures. This technology allows for the creation of perceived 3D images and simulated 3D space, enabling realistic image visualization and superior 3D effects. Additionally, they can be used to showcase proposed changes or developments more engagingly and interactively, facilitating better decision-making and project management. Moreover, the adoption has allowed the construction sector to finish more projects quickly and affordably. This is because it allows designers to identify potential design issues before starting actual construction. Currently, this is a common tool used in various modern construction projects. Thus, the growing use in building and construction will boost the growth of the market during the forecast period.
The growing technological advancements are an emerging trend in market growth. 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 market during the forecast period.
High technological and installation costs are major challenges impeding market growth. The 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 this technology, which could pose a significant obstacle to the expansion of the 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 Market Customer Landscape
Companies 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 companies, including:
Qualitative and quantitative analysis of companies 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 companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.
The market research report provides comprehensive data (region wise segment analysis), with forecasts and estimates in "USD Billion" for the period 2023 to 2027, as well as historical data from 2017 to 2022 for the following segments
The market is revolutionizing industries such as e-commerce, logistics, online education, and food delivery by providing detailed virtual models of surrounding buildings, terrain, and urban spaces. Utilizing LiDAR and photogrammetry technologies, this market enables the creation of high-precision 3D maps for smart maps and geospatial applications. It enhances the navigation experience with advanced solutions for GPS-enabled devices and autonomous vehicles. Furthermore, 3D rendering and texture mapping offer realistic 3D visualizations for applications in Architectural Engineering and Construction and environmental monitoring. This market is also crucial for medical imaging equipment like CAT and MRI scanners, aiding physicians in monitoring heart movement with catheters.
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 7.08 billion |
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 companies, Market Positioning of companies, 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 Forecasting, 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 market forecast period. |
Customization purview |
If our market 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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1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Component
7 Market Segmentation by Product
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Trends
11 Vendor Landscape
12 Vendor Analysis
13 Appendix
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