According to the new research report titled “3D Mapping and Modellling Market Forecast to 2028 –COVID-19 Impact and Global Analysis,” published by The Insight Partners, the market is expected to reach US$ 12,146.23 million by 2028, registering a CAGR of 14.8% from 2021 to 2028.
3D mapping and modelling software tools helps users in designing three-dimensional models and maps, respectively, of objects and places. These tools are being widely employed in land-centric industries such as engineering and construction, manufacturing, transportation and logistics among many others for field service management, floor management, asset and inventory management applications. 3D tools are also being used in applications such as building/architecture designing and civil engineering designing. Factors such as growing demand for 3D animation, technological advancements in 3D scanning equipment, rising popularity of 3D content, and growth in 3D display devices are contributing towards the market growth. In addition to this, the growing adoption and integration of technologies such as artificial intelligence and machine learning in 3D mapping and modelling software to boost the accuracy of 3D content is further complementing the market growth. Large enterprises are prominently driving the trend of digital transformation to improve overall operational efficiency and enhance user experience. Therefore, the rising adoption of digital solutions and cloud computing among small and medium sized enterprises are projected to offer attractive growth opportunities for the future growth of the 3D mapping and modelling market players.
Key Findings of Study:
The global 3D mapping and modelling market is segmented into five major regions—North America, Europe, APAC, the MEA, and SAM. In 2020, North America held the largest share of the 3D mapping and modelling market. The presence of huge community of content creatorsand the headquarters of giant video game providers such as Electronic Arts, Activision Blizzard, and Rockstar Games, Inc.are the factors propelling the adoption of 3D mapping and modelling tools in North America.Dynamic Map Platform Co., Ltd. acquired all shares of Ushr, Inc., US, to provide accurate and high-quality,high precision 3D maps of 10cm absolute and accuracy to a wide range of users in North America; the acquisition is also aimed at further expanding map coverage from highways to surface roads, and from Japan/North America to other regions.
The COVID-19 crisis is affecting the industries worldwide. The global economy took the worst hit in 2020, and the similar scenario is likely to continue in 2021. The ongoing COVID-19 outbreak has affected the growth rate of the 3D mapping and modelling market. The outbreak has affected global supply chains and business revenues due to business shutdowns, border closing, and trade bans, thereby interrupting the marketing and sales activities of companies operating in the 3D mapping and modelling market.However, as a result of a rise in demand of software solutions for higher efficiency and productivity in various verticals, the adoption of 3D mapping and modelling solutions is increasing to a certain extent.
Autodesk, Saab AB, Golden Software, Trimble, Bentley Systems, Alphabet, Intermap Technologies, Airbus, Esri, CyberCity 3D, Topcon, Dassault Systèmes, 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, and Dynamic Map Platform are among the key market players that are profiled in this 3D mapping and modelling market study. In addition to these players profiled in the report, there are several other global, regional, and local players operating in the 3D mapping and modelling ecosystem/value chain, which were studied during the study to get a holistic view of the entire market.