3D Mapping and 3D Modelling Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)

3D Mapping and 3D Modelling Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)

The 3D Mapping and 3D Modeling Market was valued at USD 13.49 billion in 2020 and is expected to register a CAGR of 20.9% over the forecast period.

Key Highlights

• The development of 3D mapping and 3D modeling software that can assess shapes in real-time is a result of the growing adoption of 3D technology across numerous industry verticals to meet the increasing demand for emerging applications, including shape analysis, 3D mapping, and 3D modeling, among others. The industry has a lot of potential because of 3D-enabling equipment such as cameras, sensors, scanners, GPS satellite components, and other 3D content gatherings.
• The advent of next-generation 3D-enabled display devices is expanding due to the rising use of Virtual Reality (VR). Virtual reality has become increasingly popular in wealthy countries like the US, the UK, China, and Japan. The global market for next-generation 3D displays is anticipated to increase significantly over the forecast period due to these technological advancements in VR, especially in the gaming field.
• Additionally, market participants like Samsung, Nokia, and other OEMs are breaking into this market owing to significant investments in 3D mapping applications that will be integrated with smartphones. Several online web service providers, including Microsoft Corp. and Amazon Inc., have begun to offer 3D maps on their platforms. For instance, Parrot, a well-known company that specializes in wireless accessories for mobile phones, has positioned their consumer drones for purposes in agriculture, 3D mapping, and other related fields.
• The high cost of 3D displays is hampering the expansion of the global 3D Mapping and Modelling market for next-generation. The prices of the related goods are also high. Furthermore, because more complex technology is being used, the cost of maintenance and repairs is considerable. Thus, a huge investment is required initially, restraining the market under consideration's expansion.
• The 3D mapping and modeling market sees more consumers requesting 3D mapping and modeling software products and services of the COVID-19 crisis. A significant increase in business is seen in sectors including eCommerce, logistics, online learning, food delivery, healthcare, and many other online business collaboration, pushing the limits of their internal and customer-facing applications. For instance, The iMap9 is a floor disinfecting robot that can navigate and sanitize the floors without human intervention. It used 3D mapping technology for floor cleaning. To manage massive amounts of geographical data and satisfy customer expectations, companies choose 3D mapping and modeling software technologies.

Key Market TrendsBuilding and Construction to Witness Significant Growth

• Due to fast-paced infrastructural development in various regions worldwide, there seems to be a constant up-gradation regarding building designs and architectural requirements. With 3D modeling, architects don’t have to deal with the technicalities, which saves them a lot of time and allows them to focus more on innovative design ideas. Moreover, creating unique architectural designs becomes easy with 3D modeling software. Also, they can experiment with techniques or visualize structures better.
• With an increasing number of new architectural firms entering the market with innovative designs and software, providing better services such as enhancement in urban planning is expected to increase the demand for upgraded design technology involving 3D models and high-end designing software.
• 3D mapping helps geolocation and building models of construction sites, buildings, and structures, allowing architects to design, plan, and manage site logistics. For instance, Zmapping, a London-based company, provides 3D models to create some of the most detailed and accurate context 3D city models for architects, local authorities, and master planners.
• Rapid urbanization results in increased infrastructure development, increasing the demand for 3D technologies. The growth of smart cities in India and China is expected to boost the need for 3D mapping and modeling software. For instance, Building Information Modeling (BIM), a 3D model-based process, is being adopted in numerous regions as it provides architecture, engineering, and construction (AEC) professionals the tools and understanding to effectively plan, design, construct, and manage buildings and infrastructure activities. Also, JNAC would conduct a 3D mapping survey of Jamshedpur to identify illegal structures and prevent unauthorized constructions.

North America to Hold Significant Share

• North America is likely to hold the largest market size in the global 3D mapping and modeling market due to the increasing demand for a realistic virtual view of the product for marketing purposes by small and medium businesses, and government agencies would fuel the demand for 3D mapping and modeling products in the region.
• Nextech AR Solutions, a US-based corporation, launched ARitize 3D, a one-stop-integrated AR solution. It has automated 3D model generation and is well-liked by enterprise customers, Shopify merchants, and Amazon. A 2D product image would be converted into a high-quality 3D and augmented reality experience using Nextech Artificial Intelligence (AI).
• The US media and entertainment industry is considered to have a significant share of the world. The rising number of 3D movies and animated movies, one of the major users of this technology, and the rising adoption of 3D gaming across the region continuously increase the demand for the 3D mapping and 3D modeling market. The use of motion graphic animation movies is expanding along with the growth of online learning platforms like Coursera, edX, and Udemy.
• According to a recent survey of construction stakeholders in the United States, conducted by the International Trade Administration, United States, it is estimated that the country has witnessed a 20% gain in the number of companies willing to build 70% of their projects as green projects by the end of 2025. This is expected to create a scope for the market.

Competitive Landscape

The 3D Mapping and Modelling market is fragmented and consists of several major players. In terms of market share, few major players currently dominate the market. Major players include Autodesk Inc., Saab AB, and Golden Software LLC.

• In August 2022, The Government of Rajasthan, through RajCom Info Services, increased the project's coverage and made a second order to cover more areas of Jaipur on the 3D City Platform, valued at 25 crores for seven months, according to an announcement from Aurionpro Solutions.
• In March 2022, Autodesk released 3Ds Max 2023 version. With the help of robust modeling tools, the company's most recent version focuses on producing realistic 3D designs while boosting efficiency through automation and interoperability with Autodesk's CAD products like AutoCAD and Revit.

Additional Benefits:

• The market estimate (ME) sheet in Excel format
• 3 months of analyst support

Please note: This publisher does offer titles that are created upon receipt of order. If you are purchasing a PDF Email Delivery option above, the report will take approximately 2 business days to prepare and deliver.