Global 3D Mapping and Modelling Market

Global 3D Mapping And Modelling Market Size, Share, Growth Analysis, By Application(Object Reconstruction, 3D Projection), By Industry(Government, Aerospace) - Industry Forecast 2024-2031

Report ID: SQMIG45A2013 | Region: Global | Published Date: February, 2024
Pages: 249 | Tables: 76 | Figures: 75

Global 3D Mapping And Modelling Market Insights

Global 3D Mapping And Modelling Market size was valued at USD 4.51 billion in 2019 and is poised to grow from USD 5.28 billion in 2023 to USD 15.65 billion by 2031, growing at a CAGR of 14.5% in the forecast period (2024-2031).

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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FAQs

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

Global 3D Mapping And Modelling Market size was valued at USD 4.51 billion in 2019 and is poised to grow from USD 5.28 billion in 2023 to USD 15.65 billion by 2031, growing at a CAGR of 14.5% in the forecast period (2024-2031).

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 'Autodesk ', 'Bentley Systems Inc.', 'Trimble', 'ESRI', 'Topcon Corporation', 'Dassault Systèmes SE', 'Pix4D SA', 'Airbus SE', 'MAXON Computer GmbH', 'Intermap Technologies', 'Vricon Inc.', 'GeoSLAM', '3D Robotics', 'Orbital Insight Inc.', 'CyberCity 3D Inc.', 'Google LLC', 'Apple Inc.', 'Microsoft Corporation', 'NVIDIA Corporation', 'Unity Technologies Inc.'

Due to a lack of appropriate tools, technologies, or systems in the past, obtaining 3D data was a challenging task. The development of 3D content has grown in popularity as a result of the emergence of 3D technology viewing. It has resulted in the development of numerous 3D mapping technologies that can map 3D content in the environment. These factors are expected to drive the market over the forecast period.

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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