Global 3D Mapping And Modeling Market Trends Forecast 2024 - 2033

16 May, 2024

The 3D mapping and modeling market has experienced rapid expansion, escalating from $6.83 billion in 2023 to $8.06 billion in 2024, with a substantial CAGR of 18.0%. This growth is fueled by urbanization and infrastructure development, increased adoption in geographic information systems (GIS), cultural heritage preservation efforts, and adoption within the entertainment and gaming industry, as well as precision agriculture. Forecasts indicate continued rapid growth, poised to reach $15.66 billion in 2028 at a CAGR of 18.0%, driven by advancements in computer graphics, expanding data processing capabilities, proliferation of smart cities initiatives, global expansion of e-commerce and logistics, and increasing utilization in security and defense applications. Noteworthy trends include integration of LiDAR technology, drone-based 3D mapping, advancements in remote sensing technologies, adoption of the digital twin concept, leveraging big data analytics, and utilization of open-source mapping tools.

Major Driver In The 3D Mapping And Modeling Market

The 3D mapping and modeling market is experiencing growth due to the increasing availability of 3D content. As demand for 3D content rises, so does the need for specialized software that can create 3D representations of objects. This trend is evident across various sectors, including engineering, where 3D printing has seen increased adoption. For instance, in 2021, 68% of engineering companies increased their use of 3D printing compared to the previous year, according to a report by Hubs. As the availability of 3D content continues to increase, the 3D mapping and modeling market is poised for growth. The market saw significant expansion in 2023, driven by the growing demand for 3D content creation, and is expected to maintain this trajectory in 2024.

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3D Mapping And Modeling Market Competitive Landscape

Vricon, Airbus SE, Autodesk Inc., Bentley Systems Inc., Trimble Inc., Intermap Technologies Corp., ESRI Inc., Cybercity 3D Inc., Topcon Positioning Systems Inc., Pixologic Inc., Alphabet Inc., Dassault Systèmes SE, Adobe Inc., Pix4D SA, Nemetschek Group, Mitsubishi Electric Corporation, Apple Inc., Mapbox Inc., Saab AB, The Foundry Visionmongers Ltd., PTC Inc., Parrot Drone SAS, Delair Group, Artec Group, Blue Marble Geographics, ClearEdge3D Inc., DroneDeploy Inc., Eonite Perception Inc., Faro Technologies Inc., Verisk Analytics Inc.

Key 3D Mapping And Modeling Market Trend

The 3D mapping and modeling market is witnessing a surge in popularity driven by technological advancements. Major companies in this space are dedicated to pioneering new technological solutions, particularly leveraging augmented reality (AR) to fortify their market presence. For instance, in April 2022, Nextech, a Canada-based metaverse company specializing in augmented reality solutions, spatial mapping, and 3D models, rolled out its AR Spatial Mapping platform named ARitize Maps. This comprehensive tool facilitates Metaverse creation and represents the first end-to-end mapping solution for both individual consumers and businesses. The platform introduces augmented reality mapping, localization features, and simple drag-and-drop functionality for AR content, including navigation aids and the ability to visualize 3D models within user-generated maps.

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3D Mapping And Modeling Market Segmentation

The global 3d mapping and modeling market covered in this report is segmented –
1) By Type: 3D Mapping, 3D Modeling
2) By Component: Software Tools, Services
3) By Application: Projection Mapping, Maps And Navigation, Texture Mapping, Other Applications
4) By End User: Building And Construction, Healthcare, Automotive, Defense, Gaming And Application, Entertainment, Other End User
By Geography:The regions covered in the 3d mapping and modeling market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain. North America was the largest region in the 3D mapping and modeling market in 2023.

The 3D Mapping And Modeling Global Market Report 2024 furnishes information about the global 3d mapping and modeling market, encompassing details like market size, projections for growth, segmentation across various sectors and regions, and an overview of competitors, including their revenues, profiles, and market shares. Furthermore, the report pinpoints potential opportunities and strategic directions derived from market trends and the strategies adopted by key competitors. The report also offers an assessment of how the COVID-19 pandemic, the Russia-Ukraine conflict, and increasing inflation have affected both global and regional markets, furnishing valuable strategic insights for businesses.