3D Mapping and 3D Modeling Market Size, Share, Analysis 2031

Report Description

3D Mapping and 3D Modeling Market Outlook 2031

The Global 3D Mapping and 3D Modeling Market size was valued at USD 19.46 Billion in 2022 and is likely to reach USD 104.24 Billion by 2031, expanding at a CAGR of 20.5% during the forecast period, 2023 – 2031. The growth of the market is attributed to the increasing adoption of 3D technology across various industry verticals to cater to the growing demand for emerging applications, ranging from shape analysis to 3D mapping, and 3D modeling.

3D modeling is the process of developing a 3D replica of an object through specialized software and the product formed is a 3D model. It can be displayed through computer simulation software. The 3D-enabling devices, such as cameras, sensors, scanners, global position system (GPS) satellite components, and other 3D content acquisition tools have created huge potential across the market.

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Samsung, Nokia, and other OEMs are investing in 3D map applications, expanding the size of the market. Online web services providers, such as Amazon Inc. and Microsoft Corp. have also started to offer 3D maps on their platforms. Parrot, a prominent player catering to wireless devices for mobile phones, has positioned its consumer drones for 3D modeling, mapping, and agricultural uses.

The Impact of Artificial Intelligence on the 3D Mapping and 3D Modeling Market

Artificial intelligence has a significant impact on the market as it automates the workflow of 3D mapping and 3D modeling solutions. Deep learning in AI is able to scan large amounts of data to create 3D models on scanned images. This helps in reducing the time and labor required for creating precise models.

AI helps artists and designers to exchange ideas between them in real-time leading to less time consumption and enhanced work efficiency. It is projected that advancements in deep learning and computer vision technologies are expected to allow AI to more accurately analyze and interpret data and reduce the need for manual editing.

The emerging 3D editor 3IXAM software is expected to launch a new feature: built-in artificial intelligence in the 3D editor, which is going to create new possibilities for 3D modeling and enhance workflow efficiency.

The market report finds that the COVID-19 pandemic has had a significant impact on the market. The lockdown and restrictions increased the demand for E-commerce, logistics, online learning, healthcare, and many other online businesses. However, several manufacturing companies were disrupted due to the unavailability of workers and raw materials. This has impeded the market during the forecast period.

3D Mapping and 3D Modeling Market Dynamics

Major Drivers

Ongoing technological advancements and easy availability of 3D equipment such as sensors and scanners are expected to drive the 3D mapping and 3D modeling market. 3D models provide a realistic representation of models and help designers in quick model creation. Moreover, new product launches and developments are expected to boost the market in the coming years.

• In July 2023, The European Space Agency launched a telescope named Euclid, to make an immense 3D map of the universe by observing millions of galaxies.

The use of 3D geospatial data in city planning is anticipated to fuel the market. 3D geospatial data helps in city planning, as it helps city planners visualize how the proposed changes that they planned are going to look like. With technological advancements, 3D models are expected to help city planners with environmental and energy modeling.

• For instance, in Feb 2023, The U.S. Army extended the contract with Maxar Technologies to provide 3D geospatial data used to create immersive digital environments. Under the contract, Maxar’s 3D digital twin of the Earth is used to develop highly accurate immersive training environments and maps for the U.S. Army and autonomous vehicle navigation.

Existing Restraints

The high cost of 3D mapping and modeling is expected to restrain the market. Large-scale 3D mapping projects require specialized equipment which is expected to limit the service of 3D mapping and modeling.  Furthermore, the accuracy of 3D mapping and modeling is limited as the data used to create the models are sometimes inaccurate. Thus, hampering the market.

Emerging Opportunities

Emergence of artificial intelligence (AI) and machine learning (ML) technologies is expected to boost 3D content accuracy, which is speculated to offer huge opportunities to the market players. 3D mapping and modeling are used to create augmented reality (AR) experiences that are used to interact with virtual objects in real-world environments.

• For instance, on Jun 5, 2023, Apple Inc. launched the augmented reality headset called Apple Vision Pro that perfectly goes up with the real and virtual worlds. It works in both augmented reality and virtual reality by using a dial.

The growing developments in virtual reality (VR) are expected to create lucrative opportunities for the market players. It plays a crucial role in the gaming industry by increasing human interaction and realism. Additionally, 3D gaming technology creates more fun for the youth by creating an immersive gaming environment and opens new possibilities for the market.

• In June 2023, the CEO of Meta, Mark Zuckerberg announced the release of Meta Quest, the next-gen virtual and mixed reality headset which is going to be launched later in 2023. It has breakthrough performance, high resolution, and other relative features.

Moreover, 3D mapping and modeling are used to create detailed and precise modeling of crops and fields. This is expected to help the farmers to optimize, harvesting and irrigation, thus creating opportunities for the market players.

Scope of 3D Mapping and 3D Modeling Market Report

The market report includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.

3D Mapping and 3D Modeling Market Segment Insights

Type Segment Analysis

Based on type, the market is segregated into 3D mapping and 3D modeling. The 3D modeling segment is anticipated to account for a major market share during the forecast period. Rising use of 3D modeling and easy availability of 3D equipment such as sensors and scanners is driving the market segment. 

3D modeling involves a 3D network which is a collection of edges, faces, and other things that define the design of an object. It is used in a wide range of industries including architecture, engineering, video games, and films.

With the advancements in augmented reality (AR) and virtual reality (VR), the demand for the segment is boosting in the forecast period. Furthermore, it is highly used in the field of architecture, for instance, in 2021, nearly 98% of large architecture started using Building Information Modeling (BIM) in the US and around 30% of small industries use it for documentation and modeling.

The 3D mapping segment is projected to account for a significant market growth rate owing to the growing requirement for CAD applications for non-visual simulations, which are used in the medical and engineering sectors. Moreover, 3D mapping is used to create accurate 3D models which is useful in CAD applications.

Component Segment Analysis

In terms of component, the global market is bifurcated into software tools and services. Software tools segment accounts for a significant share of the market. Software tools in 3D mapping and modeling help to construct a variety of models along with that these tools provide various functions and features. The functions manipulate the object in a virtual space by adding materials and textures and helping to create animations.

• For instance, on January 10, 2023, Pixcap a leading browser-based 3D design company launched the next generation of 3D tools that help designers to create 3D models faster. With the help of these tools, designers are now able to create, edit, and import their designs quickly.

Application Segment Analysis 

Based on application, the market is segmented into projection mapping, texture mapping, architectural rendering, maps and navigation, product marketing, animation and movies, reporting and virtualization, gaming and designing, and others. The projection mapping segment is expected to hold a significant market share during the forecast period.

3D-based projection and navigation is an evolving technology that maps 3D points to a 2D plane and adds animation to stationary objects and architectures.  It is further used as a projection surface as 3D models of buildings and other objects are used for the correct alignment of the content.

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Deployment Segments Analysis

On the basis of deployment mode, the market is segmented into cloud and on-premise. The cloud segment is expected to dominate the market during the forecast period. Cloud solutions help by providing storage capabilities and powerful computing resources. It helps in faster processing and provides more accurate modeling results.

• For instance, in May 2023, Autodesk, Inc. launched the first set of capabilities of Autodesk Forma. It is an industry cloud that unifies workflow across the teams that design, build, and operate the built environment. Forma helps to set up a 3D model of the building information modeling (BIM) project area seamlessly within minutes by inputting the user data or buying data sets for selected geographies. Thus, the deployment of cloud solutions in 3D mapping and modeling is expected to boost the segment growth.  

By utilizing cloud solutions, the 3D mapping and 3D modeling technologies enhance their data storing capacities. Cloud-based solutions offer collaboration functions that help teams to collaborate and work on projects. This is expected to save time and increase the productivity of working professionals.

The on-premise segment is expanding at a significant growth rate during the forecast period. In on-premise solutions, three-dimensional maps and models are formed using hardware and software within an organization’s facilities. This is a convenient option for organizations having security concerns and for those with highly accurate and detailed model requirements. Thus, some organizations consider deploying on-premise solutions in business.

Furthermore, 3D mapping and 3D modeling solutions have a significant on the entertainment industry as companies now deploy 3D mapping features on TVs for an immersive user experience.

• In Jan 2023, Samsung Electronics released its new Neo QLED, MICRO LED, and Samsung OLED lineups alongside lifestyle products and accessories. This product lineup features advanced, innovative products with a focus on enhanced connectivity and personalized consumer experiences. Samsung’s 3D Map View offers users a bird’s eye view of their home and all of their SmartThings devices at a glance.

End-user Segment Analysis 

Based on end-user, the market is classified as entertainment and media, automotive, healthcare, building and construction, defense, transportation, and others. The building and construction segment is expected to grow at a significant rate during the forecast period. The segment growth is attributed to the rapid infrastructural development in various developing regions across the world.

The architecture industry has been growing considerably owing to the increasing number of architectural firms entering the market with innovative designs and software. This has led to the enhancement in urban planning, which is expected to increase the demand for innovative design technology involving 3D models and simulation tools. For instance, developing smart cities in India and China is expected to boost the requirement for 3D mapping and modeling software.

Regional Analysis 

Based on region, the market is divided into Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. Asia Pacific is expected to constitute a considerable CAGR during the forecast period owing to the growing use of IoT and cloud-based solutions in the region. The advancements in 3D mapping and 3D modeling technologies offer a realistic representation in various end-use industries. Additionally, government initiatives including different city projects and others are expected to fuel the regional market.

• For instance, in Nov 2023, Genesys International, a leading Indian mapping company, and Survey of India (SOI), the country's national surveying and mapping authority, have partnered to transform India's map content. This strategic alliance aims to create Digital Twins of major cities and towns by leveraging Genesys' highly accurate navigable maps covering all of India.

North America accounted for a major market share and is expected to grow at a healthy rate during the forecast period. Various vendors in the region are increasing their investments, driving the growth of the market in the region. The US media and entertainment industry is expected to contribute a significant share of the market. The rising adoption of 3D gaming across the region is boosting the demand for the 3D mapping and 3D modeling market in North America.

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