3D Mapping and 3D Modeling Market — Global Industry Analysis, Growth, Share, Size, Trends, and Forecast | Growth Market Reports
The global 3D mapping and 3D modeling market size was USD 13.4 Billion in 2020 and is expected to register a CAGR of 20.5% during the forecast period, 2021–2028. The growth of the market is attributed to increasing adoption of 3D technology across various industry verticals to cater to the growing demand for emerging applications, ranging from shape analysis, 3D mapping, and 3D modeling.
3D modeling is the process of developing a 3D replica of an object through specialized software and the product formed is a 3D model. It can be displayed through computer simulation software. The 3D-enabling devices, such as cameras, sensors, scanners, global position system (GPS) satellite components, and other 3D content acquisition tools has created huge potential across the market.
Get Exclusive Sample Report at: https://growthmarketreports.com/request-sample/1056
Samsung, Nokia, and other OEMs are investing in 3D maps applications, expanding the size of the market. Online web services providers, such as Amazon Inc. and Microsoft Corp. have also started to offer 3D maps on their platforms. Parrot, a prominent player catering wireless devices for mobile phones, has positioned its consumer drones for 3D modeling, mapping, and agricultural uses.
Market Drivers, Restraints, Trends, and Opportunities
- Ongoing technological advancements and easy availability of 3D equipment such as sensors and scanners are expected to drive the 3D mapping and 3D modeling market.
- The use of 3D geospatial data in existing mobile apps and smartphones is anticipated to fuel the market growth.
- Emergence of artificial intelligence (AI) and machine learning (ML) technologies are expected to boost the 3D content accuracy, which is speculated to offers huge opportunities in the market.
Market Segment Insights
3D modeling segment to account a major market share
Based on type, the market is segregated as 3D mapping and 3D modeling. The 3D modeling segment is anticipated to account for a major market share during the forecast period. Rising use of 3D modeling and easy availability of 3D equipment such as sensors and scanners is driving the market segment.
The 3D modeling segment is projected to account for a significant market growth rate owing to the growing requirement for CAD applications for non-visual simulations, which are used in medical and engineering sectors.
Projection mapping segment to hold a large market share
Based on applications, the market is segmented into projection mapping, texture mapping, maps and navigation, and others. The projection mapping segment is expected to hold a large market share during the forecast period. 3D-based projection and navigation is an evolving technology that maps 3D points to a 2D plane and adds animation to stationary objects and architectures.
Building and construction segment to grow at a significant rate
Based on end-user, the market is classified as entertainment and media, automotive, healthcare, building and construction, defense, transportation, and others. The building and construction segment is expected to grow at a significant rate during the forecast period. The market growth is attributed to the rapid infrastructural development in various developing regions across the world.
The architecture industry has been growing considerably owing to the increasing number of architectural firms entering the market with innovative designs and software. This has led to the enhancement in urban planning, which is expected to increase the demand for innovative design technology involving 3D models and simulation tools. For instance, the development of smart cities in India and China is expected to boost the requirement for 3D mapping and modeling software.
For Any Questions On This Report: https://growthmarketreports.com/enquiry-before-buying/1056
Regional Outlook
Based on regions, the market is divided as Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. North America accounted for a major market share and is expected to grow at a healthy rate during the forecast period. Various vendors in the region are increasing their investments, driving the growth of the market in the region. The US media and entertainment industry is expected to contribute a significant market share in the market. Increasing number of 3D movies and 3D animated movies and rising adoption of 3D gaming across the region are boosting the demand for the 3D mapping and 3D modeling market in North America.
Compititive Landscape
The major players of the market includes Autodesk Inc., Saab AB, Golden Software LLC, Trimble Inc., and Intermap Technologies.
About Growth Market Reports:
GMR provides global enterprises as well as medium and small businesses with unmatched quality of “Market Research Reports” and “Industry Intelligence Solutions”. GMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain. Our key analysis segments, though not restricted to the same, include market entry strategies, market size estimations, market trend analysis, market opportunity analysis, market threat analysis, market growth/fall forecasting, primary interviews, secondary research & consumer surveys.
Contact:
Growth Market Reports
Phone: +1 909 414 1393
Email: sales@growthmarketreports.com
