3D Mapping And Modeling Market Size, Share, Opportunities, COVID-19 Impact, 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 2022 To 2027

The 3D Mapping and Modeling market is projected to grow at a CAGR of 17.79% during the forecast period, reaching a total market size of US$25.533 billion in 2027 from US$8.117 billion in 2020.

The growing technological advancement in 3D devices like 3D scanners and 3D sensors owing to the rise in R&D funding has led to improvements in the 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. The growing purchasing power of consumers is driving the demand for 3D-enabled and 3D-supporting devices like smartphones, tablets, and other mobile devices further driving the demand for 3D mapping and modeling solutions. The ageing population and increase in chronic disease patients escalate the demand for such solutions in the healthcare industry as technology assists in the surgical process by mapping human anatomy.

However, the need for high initial investment will hamper the market’s 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, are expected to drive its demand over the projected period. 

By industry, the global 3D mapping and modeling market is segmented as healthcare, aerospace and defense, media and entertainment, retail, construction, automotive, manufacturing, and others.

The 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 around $45 trillion spent on 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. The growing use of drones to manage, measure, and communicate site progress will bolster the growth of the 3D mapping and modeling market in the coming years.

Geographically, the global 3D mapping and modeling market is segmented into North America, South America, Europe, the Middle East, Africa, and the 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. The European 3D Mapping and Modeling market will also grow significantly between 2017 and 2023, owing to the region's thriving automotive industry, which uses the technology for the assembly line and prototype. Autodesk software for digital manufacturing designs and manufactures cars and equipment with tools created for automotive manufacturers and suppliers.

EMEA

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

Asia Pacific

However, as per the regional market growth, Asia Pacific is known to be the fastest-growing market during the projected period. The 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 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 the government in this project will further drive the market’s growth in the coming years.    

Key Developments

• In May 2019, MultiVu, a Tel Aviv-based startup building a novel 3D imaging system based on a single sensor and deep learning, said that it has secured a $7 million seed round. Crowdfunding sites OurCrowd, Cardumen Capital, and Hong Kong's Junson Capital led the investment.
• In July 2020, Crawford & Company announced a collaboration with 3D modeling firm HOVER. Crawford's network of assessors and independent contractors now has access to HOVER's property assessments and 3D models as a result of the collaboration.

3D Mapping And Modeling Market Scope:

Segmentation

• 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
  • South America
    • Brazil
    • Argentina
    • Others
  • Europe
    • Germany
    • United Kingdom
    • Italy
    • France
    • Others
  • Middle East and Africa
    • Saudi Arabia
    • UAE
    • Others
  • Asia-Pacific
    • China
    • Japan
    • India
    • South Korea
    • Indonesia
    • Thailand
    • Taiwan
    • Others