Growth of the 3D Mapping and Modelling Market
The 3D mapping and modelling market is projected to expand significantly, increasing from US$ 4,488.20 million in 2021 to US$ 12,134.08 million by 2028. This growth represents a compound annual growth rate (CAGR) of 15.5% over the period from 2021 to 2028.
Technological Advancements in North America
North America has emerged as a leader in the 3D mapping and modelling sector, driven by rapid technological advancements. The region boasts the largest media and entertainment industry globally, leveraging cutting-edge design and animation technologies to create superior graphical content. Additionally, North America features a diverse manufacturing landscape that includes both consumer and industrial products. It is home to a majority of Fortune 500 companies and numerous design and research and development centers, which fosters a strong demand for advanced design tools.
Manufacturers in this region are heavily investing in 3D mapping and modelling technologies to enhance their product offerings and maintain a competitive edge, thereby propelling the growth of the market.
Logistics and Manufacturing Synergy
The extensive manufacturing sector in North America also supports the logistics industry. Companies in logistics are increasingly adopting advanced technologies, including 3D mapping and modelling tools, to optimize warehouse operations and resource utilization. For instance, Stratasys Ltd., a prominent provider of polymer 3D printing solutions, has acquired all remaining shares of Xaar 3D Ltd. from Xaar plc, marking a significant step towards scaling up production in 3D printing. Stratasys has already invested 45% in Xaar 3D, indicating a strong commitment to this technology.
Impact of 3D Rendering in Architecture, Engineering, and Construction
In Canada, the Architecture, Engineering, and Construction (AEC) sector is increasingly utilizing 3D rendering software to enhance design accuracy and cost-effectiveness during manufacturing and construction phases. The use of 3D rendered images allows potential buyers to visualize the final product realistically, enabling informed decision-making based on comprehensive information.
Engineers and construction professionals in Canada are leveraging 3D rendering software to improve visualization and simulation, attracting consumers and investors alike. For example, Lumion offers advanced 3D rendering software tailored for architects. To boost their market share in 3D mapping and modelling, leading companies are also pursuing inorganic growth strategies. Adobe, for instance, launched an updated version of its 2D and 3D compositing tool, Dimension, in April 2019, which includes cloud-based 3D rendering capabilities. This innovation allows the rendering process to be offloaded to the cloud, enhancing efficiency.
Effects of the COVID-19 Pandemic
The COVID-19 pandemic has had a significant impact on the 3D mapping and modelling market, particularly in the Middle East and Africa (MEA) region, where countries like Iran and South Africa reported high case numbers. Other nations such as Iraq, Israel, Morocco, Saudi Arabia, and the UAE also experienced economic repercussions due to the pandemic. Despite the long-standing presence of the industry, it has only recently begun to expand on a larger scale, aided by increased global exposure and knowledge transfer from international animation and gaming companies.
As Gulf countries strive to adopt transformative technologies across various sectors to improve socio-economic conditions, the UAE and Saudi Arabia are emerging as key markets for 3D mapping and modelling providers. The growing investment in advanced 3D modelling and virtual reality technologies is expected to create new revenue opportunities in the market during the forecast period.
Market Segmentation
The 3D mapping and modelling market is categorized based on several factors:
- Component: Software tools and services.
- 3D Mapping Applications: Inspection and measurement, object reconstruction, projection and navigation, reporting and virtualization, among others.
- 3D Modelling Applications: Product marketing, animation and movies, gaming and design, architectural rendering, etc.
- Deployment Mode: Cloud and on-premises.
- Organization Size: Small and medium enterprises (SMEs) and large enterprises.
- Verticals: Retail and consumer goods, engineering and construction, healthcare and life sciences, transportation and logistics, government and defense, energy and utilities, media and entertainment, manufacturing, and others.
- Geography: North America, Europe, Asia Pacific (APAC), Middle East and Africa (MEA), and South America (SAM).
Research Methodology
The insights into the 3D mapping and modelling market are derived from both primary and secondary research methodologies. The research process began with extensive secondary research utilizing both internal and external sources to gather qualitative and quantitative data about the market. This approach also provided a comprehensive overview and forecast of all market segments. Additionally, primary interviews with industry participants were conducted to validate the data and gain deeper analytical insights. Participants included industry experts such as VPs, business development managers, market intelligence managers, national sales managers, and external consultants specializing in the 3D mapping and modelling market.
Key Players in the Market
Prominent companies operating in the 3D mapping and modelling market include:
- Autodesk
- Saab AB
- Golden Software
- Trimble
- Bentley Systems
- Alphabet
- Intermap Technologies
- Airbus
- Esri
- CyberCity 3D
- Topcon
- Dassault Syst?mes
- Adobe
- Pix4D
- Pixologic
- Flight Evolved
- MAXON
- Onionlab
- The Foundry Visionmongers
- Mitsubishi Electric
- Apple
- WRLD
- GeoDigital
- GeoSLAM
- Mapbox
- DeepMap
- Civil Maps
- Hivemapper
- Shapr3D
- Innersight
- Astrivis
- Pointivo
- Dynamic Map Platform