The Global 3D Mapping and Modeling Market size is expected to reach $16.3 billion by 2030, rising at a market growth of 16.4% CAGR during the forecast period.
The usage of 3D models in military operations is very beneficial. Often, military personnel might utilize them for various purposes, including training and evaluating the efficacy of a new weapon. Therefore, the Government & Defense segment would acquire approximately 11% share of the market by 2030. Airport facilities benefit from interior 3D mapping in the same ways as any other vertical asset management company, with the bonus of incorporating priceless spatial data into their tenant and lease management workflow. Because they give the military a realistic image of its intended projects, military 3D modeling services are growing in popularity. Decision-makers can better comprehend a proposed site's capabilities by utilizing realistic visuals. Often, military personnel might utilize them for various purposes, including training and evaluating the efficacy of a new weapon.
The major strategies followed by the market participants are Partnerships as the key developmental strategy in order to keep pace with the changing demands of end users. In March, 2023, Dassault Systemes SE partnered with MapmyIndia Mappls to provide digital twins for the development of India's urban infrastructure and facilitate public and private companies in India for better infrastructure planning. In June, 2023, Hexagon AB came into partnership with NVIDIA to develop solutions for industrial digital twins.
Based on the Analysis presented in the KBV Cardinal matrix; Apple, Inc. and Google LLC are the forerunners in the Market. In March, 2023, Google LLC signed a partnership with NASA to develop 3D models of planets in the solar system for Google Arts & Culture. Companies such as Adobe, Inc., Airbus SE, Hexagon AB are some of the key innovators in the Market.
3D display technology is currently widespread, especially in televisions and smartphones. Major makers of TVs, smartphones, computer monitors, and gaming consoles, including Samsung, Sony, and LG, have jumped on the 3D bandwagon to increase their market share. The popularity of VR gaming consoles is rising in developed nations, including the United States, the United Kingdom, China, and Japan. Sales of projectors and monitors—the two main uses for 3D displays—are expected to increase dramatically as a result of shifting consumer preferences and the desire for high-definition visuals. The market is anticipated to expand as 3D-enabled gadgets become more prevalent.
Players in the business have been prompted to emphasize device compatibility and efficiency as they shift their attention from physical to online gaming. A significant factor in the expansion of the video game industry has been the growing use of video games by young adults worldwide to occupy time. To mimic realistic lighting conditions and effects, such as shadows, reflections, refractions, and ambient occlusion, 3D modeling for video games must be lighted and shaded. As a result, game models must employ more sophisticated shaders (the software used to determine color and appearance) and more dynamic lighting. With the gaming industry's increasing popularity and the use of visual effects, the market is expected to expand soon.
Corruption and piracy risks remain a concern for the animation industry. Targeted software installations for businesses are sold in the black market. As a result, the sector suffers enormous financial losses. Companies have created surveillance and monitoring technologies to prevent the unauthorized distribution of 3D mapping and modeling software to combat piracy. For instance, in India, states like Tamil Nadu and Maharashtra have launched campaigns to raise awareness among the general population about piracy. However, blocking websites and punishing illegal users in certain nations is the sole governmental measure to stop piracy. It is predicted that the market may decline as a result of the risk and privacy issues.
The leading players in the market are competing with diverse innovative offerings to remain competitive in the market. The above illustration shows the percentage of revenue shared by some of the leading companies in the market. The leading players of the market are adopting various strategies in order to cater demand coming from the different industries. The key developmental strategies in the market are Partnerships, Collaborations & Agreements.
On the basis of offering, the market is fragmented into software and services. In 2022, the software segment dominated the market with the maximum revenue share. Software for 3D modeling and mapping is a component of the solutions. A group of technologies, programs, and tools known as 3D mapping and modeling solutions make it possible to create, view, and manipulate three-dimensional (3D) representations of actual items, scenery, environments, or virtual entities. 3D modeling software enables easy modification and iteration of designs. Engineers, architects, and designers can quickly test different options, make adjustments, and assess the impact on the final outcome.
Based on technology, the market is classified into LiDAR, photogrammetry, structured light scanning, SLAM, and others. In 2022, the photogrammetry segment recorded a remarkable revenue share in the market. A cutting-edge technology called photogrammetry is significantly advancing 3D modeling and mapping. It entails extracting precise 3D information from 2D photos to produce detailed and realistic 3D representations of objects and environments. The number of applications for photogrammetry has increased as technology has developed, fueling the need for this ground-breaking solution across numerous industries.
Under the software, the 3D market is further segmented into 3D mapping and 3D modeling. The 3D mapping segment registered the highest revenue share in the market in 2022. With machine vision, 3D mapping technology profiles objects in three dimensions to be mapped in the actual world using the most up-to-date data collection and visualization methods. To map items in the actual world, 3D mapping necessitates using the three-dimensional profiling of those objects.
The 3D modeling software segment is further subdivided into wireframe modeling, solid modeling, surface modeling, and others. The wireframe modeling segment procured the largest revenue share in the market in 2022. Wireframe models provide a clear and uncluttered representation of the underlying structure of an object. This simplicity makes it easier to understand the basic form and layout of the object. Wireframe models provide a clear and uncluttered representation of the underlying structure of an object. This simplicity makes it easier to understand the basic form and layout of the object.
On the basis of vertical, the market is segmented into architecture, engineering & construction (AEC), manufacturing, automotive & transportation, healthcare & life sciences, media & entertainment, government & defense, education, agriculture, energy & utilities, and others. In 2022, the architecture, engineering and construction (AEC) segment registered the highest revenue share in the market. Building designs and architectural requirements seem to improve steadily due to the quick infrastructural development occurring in many parts of the world. Architects may be able to concentrate more on original design concepts as they don't have to worry about the technical details of 3D modeling. Creating novel architectural buildings is also made simple by 3D modeling software. They are also better able to experiment with approaches or picture structures.
| Report Attribute | Details |
|---|---|
| Market size value in 2022 | USD 4.9 Billion |
| Market size forecast in 2030 | USD 16.3 Billion |
| Base Year | 2022 |
| Historical Period | 2019 to 2021 |
| Forecast Period | 2023 to 2030 |
| Revenue Growth Rate | CAGR of 16.4% from 2023 to 2030 |
| Number of Pages | 502 |
| Number of Table | 803 |
| Report coverage | Market Trends, Revenue Estimation and Forecast, Segmentation Analysis, Regional and Country Breakdown, Competitive Landscape, Market Share Analysis, Companies Strategic Developments, Company Profiling |
| Segments covered | Offering, Technology, Vertical, Region |
| Country scope | US, Canada, Mexico, Germany, UK, France, Russia, Spain, Italy, China, Japan, India, South Korea, Singapore, Malaysia, Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria |
| Growth Drivers |
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| Restraints |
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Region-wise, the market is analysed across North America, Europe, Asia Pacific, and LAMEA. In 2022, the North America region generated the highest revenue share in the market. North America, which consists of the United States and Canada, is a center for adopting these technologies due to its reputation for having a sophisticated technical infrastructure and innovative industries. Many major gaming and entertainment industries are also based in North America, and 3D mapping and modeling tools are essential for producing aesthetically attractive and realistic gaming worlds. As these technologies develop and find new uses in various industries, 3D mapping and modeling solutions in North America are expected to increase.
Free Valuable Insights: Global 3D Mapping and Modeling Market size to reach USD 16.3 Billion by 2030
The market research report covers the analysis of key stakeholders of the market. Key companies profiled in the report include Google LLC (Alphabet Inc.), Dassault Systemes SE, Adobe, Inc., Hexagon AB, Bentley Systems, Inc., Airbus SE, Topcon Corporation, Autodesk, Inc., Apple, Inc., and Esri, Inc.
By Offering
By Technology
By Vertical
By Geography
This Market size is expected to reach $16.3 billion by 2030.
Development of 3D-Enabled Display Devices are driving the Market in coming years, however, Rising Concerns About Piracy and Corruption restraints the growth of the Market.
Google LLC (Alphabet Inc.), Dassault Systemes SE, Adobe, Inc., Hexagon AB, Bentley Systems, Inc., Airbus SE, Topcon Corporation, Autodesk, Inc., Apple, Inc., and Esri, Inc.
The expected CAGR of this Market is 16.4% from 2023 to 2030.
The LiDAR segment is leading the Market by Technology in 2022; thereby, achieving a market value of $5.6 billion by 2030.
The North America region dominated the Market by Region in 2022 and would continue to be a dominant market till 2030; thereby, achieving a market value of $5.7 billion by 2030.
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