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3D Mapping And Modeling Market Size, Share, Opportunities, And Trends By Type (3D Mapping, 3D Modeling), By End-Use Industry (Aerospace And Defense, Healthcare, Media And Entertainment, Construction, Automotive, Manufacturing, Others), And By Geography - Forecasts From 2020 To 2025

Published: May 2020 | Report Code:  KSI061610424 | Pages:  114

The 3D Mapping and Modelling market is projected to grow at a CAGR of 24.78% during the forecast period, reaching a total market size of US$26.765 billion in 2025 from US$7.091 billion in 2019.The growing technology advancement in 3D devices like 3D scanner and 3D sensors owing to rise in R&D funding has led to improvement in 3D mapping and modeling process which, in turn, is augmenting the market growth. Other factors including the rise in 3D content coupled with the growing demand for 3D models in the media and entertainment industry are also complementing the demand for 3D mapping and modeling solutions over the forecast period. Growing purchasing power of consumers is driving the demand for 3D-enabled and 3D-supporting devices like smartphones, tablets, and other mobile devices further spurring up the demand of the 3D mapping and modeling solutions. Aging population and increase in chronic diseases patients escalate the demand for such solutions in the healthcare industry as the technology assists in the surgical process by mapping human anatomy. However, the need for high initial investment will hamper the market growth during the forecast period. Expanding 3D mapping and modeling applications in various industries such as healthcare, entertainment, automotive, retail, construction aerospace, and manufacturing among others is expected to propel its demand over the projected period.  

3d mapping and modelling market, by geography, 2025

By industry, global 3D mapping and modeling market is segmented as healthcare, aerospace and defense, media and entertainment, retail, construction, automotive, manufacturing, and others. Construction industry accounted for the largest market share, in terms of value, in 2017, followed by media and entertainment. The dominance of the construction industry is majorly attributed to the rising use of 3D maps and models for visualizing construction models and sites before initiating the construction process. Expanding urbanization, rising pressure on existing infrastructure, and environmental concerns are driving the convergence of geospatial and 3D technologies across the industry. Per the International Energy Agency (IEA), there will be spending of around $45 trillion for mitigating the effects of climate change over the next 40 years. The construction of smart cities in developing countries will require 3D scanners with intelligent data models and data integration tools to model and design these cities efficiently. Technological advancements are further driving the use of 3D mapping and modeling in the construction industry. Growing use of drones to manage, measure, and communicate site progress will bolster the growth of 3D mapping and modeling market in the coming years.

3d mapping and modelling market, by geography, 2025

Geographically, global 3D mapping and modeling market is segmented into North America, South America, Europe, Middle East and Africa, and Asia Pacific regions. North America accounted for the largest market share in 2017 due to the early adoption of technology by various end-use industries in the region. The presence of a large number of global players coupled with a high investment in R&D will drive the demand for 3D mapping and modeling solutions in the region till the end of the forecast period. European 3D Mapping and Modelling market will also witness a considerable growth between 2017 and 2023 owing to a booming automotive industry in the region that uses the technology for the assembly line and the prototype. Autodesk software for digital manufacturing designs and manufactures cars and equipment with tools created for automotive manufacturers and suppliers. 

EMEA market for 3D mapping and modeling will also witness a significant growth between 2017 and 2023. Recently in February 2017, Israeli startup Pixtier has designed a software program that can automatically transform a series of 2D aerial photos taken by drones into accurate 3D digital maps which, then can be used in urban planning, homeland security, reality tours, and even autonomous vehicles. 

However, APAC is projected to witness the fastest regional market growth during the forecast period. Growing construction industry and booming infrastructural development in emerging economies such as China and India will drive the demand for 3D mapping and modeling solutions. The construction of Yinchuan as the most high-tech smart city in China will provide a great potential for 3D mapping and modeling solution providers to gain a larger market share. Likewise, India’s Smart City Plan coupled with increased FDI and high investment by government in this project will further drive the market growth in the coming years.     

Competitive Intelligence

Market intelligence is presented in the form of analysis, charts, and graphics to help the clients in gaining faster and efficient understanding of the 3D Mapping and Modeling market. 

Major industry players profiled as part of the report are MAXON Computer, Autodesk Inc., The Foundry Visionmongers, and Apple Inc. among others.

Segmentation

3D mapping and modeling market has been analyzed through the following segments:

By Type

3D Mapping

3D Modeling

By End-Use Industry

Aerospace and Defense

Healthcare

Media and Entertainment

Construction

Automotive

Manufacturing

Others

By Geography

North America

U.S.

Canada

Mexico

Others

South America

Brazil

Others

Europe

UK

Germany

France

Others

Middle East and Africa

Saudi Arabia

UAE

Israel

Others

Asia-Pacific

Japan

China

India

Australia

Others


Frequently Asked Questions (FAQs)

Q1. What will be the 3D mapping and modeling market size by 2025?
A1. 3D Mapping and Modelling market is projected to reach the market size of US$26.765 billion in 2025.
 
Q2. Who are the major players in the 3D mapping and modeling market report?
A2. Major industry players profiled as part of the report are MAXON Computer, Autodesk Inc., The Foundry Visionmongers, and Apple Inc. among others.
 
Q3. What are the growth prospects for 3D mapping and modeling market?
A3. The 3D mapping and modeling market is projected to grow at a CAGR of 24.78% during the forecast period.
 
Q4. Which region holds the maximum market share of the 3D mapping and modeling market?
A4. North America accounted for the largest market share in 2017 due to the early adoption of technology by various end-use industries in the region.
 
Q5. How is the 3D mapping and modeling market segmented?
A5. The 3D mapping and modeling market has been segmented by type, end-use industry, and geography. 

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