According to a new report, published by KBV research, 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 Services segment is showcasing a CAGR of 17.8% during (2023 - 2030). These services are essential to the efficiency of 3D modeling and mapping applications. Vendors of 3D mapping and modeling require technical assistance and consulting services to bring their goods to the general public swiftly and successfully. Professional services in the 3D mapping and modeling market relate to the variety of specialized services offered by professional businesses or people to help clients create, process, analyze, and use 3D maps and models.
The LiDAR segment is leading the Global 3D Mapping and Modeling Market by Technology in 2022; thereby, achieving a market value of $5.6 billion by 2030. The incredible 3D mapping and modeling capabilities of LiDAR technology have revolutionized numerous industries and driven the market's rapid expansion. The growth of applications in urban planning, environmental management, and autonomous technologies has been facilitated by the combination of higher resolution, lower costs, and integration with AI.
The Media & Entertainment segment is exhibiting a CAGR of 15% during (2023 - 2030). The entertainment industries improve by utilizing 3D mapping in augmented reality games and virtual experiences. As a result, players around the world are drawn into engaging and immersive gaming environments. LiDAR technology is now used in television shows, video games, commercials, and even theatrical productions in the media and entertainment segment.
The North America region dominated the Global 3D Mapping and Modeling 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. The Europe region is poised to grow at a CAGR of 16% during (2023 - 2030). Additionally, The Asia Pacific region would witness a CAGR of 17.3% during (2023 - 2030).
Full Report: https://www.kbvresearch.com/3d-mapping-and-modeling-market/
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country-wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of 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.
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