Product ID: SQMIG45A2013
Report ID: SQMIG45A2013 | Region: Global | Published Date: February, 2024 | Pages: 249 | Tables: 76 | Figures: 75
Global 3D Mapping And Modelling Market size was valued at USD 4.51 billion in 2021 and is poised to grow from USD 5.28 billion in 2022 to USD 15.65 billion by 2030, growing at a CAGR of 14.5% in the forecast period (2023-2030).
One of the main factors propelling the market expansion is the rising need for 3D mapping and modelling in the construction industry. The growing demand for 3D mapping and modelling solutions is also fueled by several industries, including the medical, civil, and automotive sectors. The use of 3D mapping and modelling in the planning of streets, buildings, and spans, as well as its growing integration with augmented reality applications, has maintained demand high. The sales of the 3D mapping and modelling market have also been impacted by the entertainment and gaming end-uses. During the forecast period, rising 3D animation demand for application in smart technologies would also help to boost 3D mapping and modelling revenue.
Due to the demand for individualised maps and open-source navigation, more applications of 3D mapping are anticipated in the upcoming years. Expanded use of 3D mapping has sparked interest in driverless cars, metros, and other vehicle frameworks, which has fueled the development of the 3D modelling and mapping industries. Other factors influencing the market include the escalating demand from the application sector brought on by the increased popularity of 3D entertainment (movies, games, and entertainment), as well as the introduction of 3D show devices. The development and widespread use of 3D gear, such as sensors, scanners, and other GPS components, is anticipated to drive the 3D mapping and modelling market.
US 3D Mapping And Modelling Market is poised to grow at a sustainable CAGR for the next forecast year.
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The global 3D Mapping and Modelling market has been segmented based on application, industry, and region. Based on the application, the global 3D Mapping and Modelling market has been categorized into object reconstruction, 3D projection and navigation, virtualization, inspection and measurement, and others. Based on the industry the 3D Mapping and Modelling Market is classified as government, aerospace, and defense, automotive, transportation, healthcare, construction and engineering, energy and utilities, media and entertainment, and others. Based on region, 3D Mapping and modelling are segmented into North America, Europe, Asia-Pacific, South America, and MEA.
3D Mapping and Modelling Market Analysis by Application
The projection and navigation application category will hold the largest market share in the 3D Mapping and Modelling Market throughout the projected period, followed by the 3D mapping application. 3D-based projection and navigation is a fast-evolving technology that animates static objects and structures by converting 3D points to a 2D plane. This method is used by video artists to match videos to the structures they're projecting on and generate interesting 3D effects which are anticipated to accelerate the market over the forecast period.
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In 2021, The North American region is expected to dominate the market over the forecast period because of the increased demand for a realistic virtual picture of a product for marketing purposes by small and medium firms and government agencies. Furthermore, during the forecast period, the expanding acceptance of cloud and IoT, as well as the growing use of the web, is expected to accelerate the expansion of the 3D mapping and 3D modelling market in the area. Because of the expanding number of important players across different regions, Asia Pacific is expected to see considerable expansion in the 3D mapping and 3D modelling market in the coming years. Individual market affecting factors and changes in regulation in the domestic market are also discussed in the country portion of the research, which has an impact on the market's current and future trends. Downstream and upstream value chain analysis, technological trends and Porter's five forces analysis, and case studies are just a few of the data elements used to anticipate market scenarios for distinct countries. While providing forecast analysis of the national data, the presence and availability of global brands, as well as the obstacles they face due to significant or scarce competition from local and domestic brands, the impact of domestic tariffs, and trade routes are all taken into account.
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3D Mapping and Modelling Market Driver
3D Mapping and Modelling Market Restraint
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The key players in the 3D Mapping and Modelling market are working on continuous innovation and widespread use of the technology, as demand grows daily and 3D technology is heavily used in other important industries, Like autonomous vehicles, customized maps, tools, and machinery that produce 3D reports for the healthcare sector, as well as ongoing improvements to the infrastructure. For instance, in February 2021, Bentley Utilizing 3D modelling tools, systems can recreate and reach a 45 % capacity a better experience at London's busiest station, Bank-Monument Station
3D Mapping and Modelling Market Top Player's Company Profiles
3D Mapping and Modelling Market Recent Development
The demand for 3D mapping and modelling solutions has grown in recent years, particularly in the defense, military, and aerospace industries. For continuous monitoring and surveillance programs, crisis intervention efforts, and broad area mapping, these solutions serve to improve geospatial intelligence and situational awareness across domains.
The 3D mapping and modelling market is anticipated to be driven by technological advancements and the accessibility of 3D equipment such as sensors, scanners, and other GPS components. Furthermore, the use of 3D geographic data in already-available mobile apps and smartphones is anticipated to drive market expansion. The 3D mapping and 3D modelling market can be divided into several categories depending on end use, including 3D projection mapping and mapping and navigation.
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According to our analysis, by the application, The projection and navigation segment dominated the market and is expected to see substantial growth in the forecast period, by Industry, the Aerodynamic and Defence exercised the largest market share and will further continue to grow, and further, by region, the North America region held the maximum market share and will continue to be the maximum market share holder in the forecast period. Thus taking into consideration the technological advancement, increased funding, and requirements of patients the 3D mapping and modelling market is expected to grow significantly.
|Market size value in 2021
|USD 4.51 billion
|Market size value in 2030
|USD 15.65 billion
|Forecast Unit (Value)
|North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA)
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Parent Market Analysis
KEY MARKET INSIGHTS
MARKET DYNAMICS & OUTLOOK
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For the Global 3D Mapping And Modelling Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Global 3D Mapping And Modelling Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Global 3D Mapping And Modelling Market:
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Asia Pacific is expected to see considerable expansion in the 3D mapping and 3D modelling market in the coming years.It is estimated to show the growth with highest CAGR.
On the basis of end use industry, the global 3D mapping and modeling market can be divided into construction industry, transportation industry, automotive industry, entertainment industry, healthcareindustry, and others. Amongst these, the construction industry currently accounts for the majority of the
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