The global 3D Modeling Market size is projected to grow from USD 5.4 billion in 2023 to USD 11.8 billion by 2028, at a compound annual growth rate (CAGR) of 17.2% during the forecast period, according to a new report by MarketsandMarkets™. The 3D mapping and modeling market is expected to grow significantly during the forecast period, owing to various business drivers like the rising adoption of big data and other related technologies to leverage real-time data processing and the growing demand for cloud-based analytics solutions for better accessibility and cost-effectiveness.
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3D Modeling Market Dynamics:
Drivers:
- Growing demand for 3D animation in mobile applications, gaming, and videography.
- Technological advancements in 3D scanners, sensors, and other acquisition devices
- Widespread availability of 3D content
- Advent of 3D-enabled display devices
Restraints:
- Increase in corruption and piracy concerns.
- High technological and installation costs
Opportunities:
- Emergence of AI and ML technologies.
- Rising popularity of AR and VR technologies across key industries
- Integration of 3D mapping and modeling solutions with sensors and IoT devices to collect real-time data
List of Key Players in 3D Modeling Market:
- Google (US)
- Autodesk (US)
- Trimble (US)
- Bentley Systems (US)
- Dassault Systemes (France)
- Adobe (US)
- Hexagon (Sweden)
- Esri (US)
- Golden Software (US)
- Maxon (Germany)
- Topcon (Japan)
- CyberCity 3D (US)
- Pix4D (Switzerland)
- Apple (US)
- Onionlab (Spain)
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By services, managed services to register for the highest CAGR during the forecast period
The services segment of the 3D mapping and modeling market is growing rapidly. The managed services are vital in properly functioning 3D mapping and modeling solutions. 3D mapping and modeling vendors require technical support and consulting services to deploy their solutions quickly and smoothly in the market. Managed services play a crucial role in the 3D mapping and modeling market as they offer specialized services and support to organizations requiring 3D mapping and modeling solutions. Their role encompasses various aspects that help businesses leverage the full potential of these technologies effectively.
By technology, LiDAR to register for the highest market size during the forecast period
LiDAR technology’s remarkable capabilities in 3D mapping and modeling have transformed various industries, propelling the market’s rapid growth. The combination of improved resolution, reduced costs, and integration with AI has driven widespread adoption, expanding applications in areas such as urban planning, environmental management, and autonomous technologies.
By region, Asia Pacific accounted for highest growth rate during forecast period
Asia Pacific is witnessing significant technological innovation in 3D mapping and modeling. Several Asian countries, such as Japan, China, and India, are leveraging information-intensive technologies, and 3D mapping and modeling is one of the leading technology trends. With new growth opportunities declining in conventional, strong markets such as North America and Europe, several vendors are interested in Asia Pacific. China, Japan, and India are technology-driven countries and present major opportunities in terms of investments and revenues.
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