Northbrook, IL 60062 -- (SBWIRE) -- 08/07/2023 -- The global 3D Mapping and 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 research 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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280 - Tables
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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.

Some major players in the 3D mapping and modeling market include 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), Mapbox (US), Saab AB (Sweden), Airbus (Netherlands), Intermap Technologies (US), The Foundry Visionmongers (UK), PTC (US), MathWorks (US), Ansys (US), Blender Foundation (Netherlands), SideFX (Canada), Civil Maps (US), Hivemapper (US), lvl5 (US), Shapr3D (Hungary), Innersight (UK), Astrivis Technologies (Switzerland), Pointivo (US), Dynamic Map Platform (Japan), Archilogic (Switzerland) and MOD Tech Labs (US).

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Key Dynamic Factors For 3D Mapping and Modeling Market:

The 3D Mapping and Modeling Market was experiencing significant growth and evolution driven by several dynamic factors. Here are some of the key dynamic factors that were influencing the 3D Mapping and Modeling Market:

Technological Developments: The accuracy and effectiveness of 3D mapping and modelling solutions have been greatly enhanced by recent developments in 3D scanning technologies, photogrammetry, LiDAR (Light Detection and Ranging), and computer vision. These technical advancements have widened the scope of the applications and accelerated market expansion.

Increased adoption of 3D mapping and modelling for design visualisation, site planning, construction monitoring, and project management is a trend in the construction and engineering sectors. Conflict detection, layout optimisation, and improved teamwork are all made possible by 3D models.

Governments and urban planners all around the world are using 3D mapping and modelling to construct smart city plans, simulate urban development scenarios, optimise infrastructure, and improve urban resilience.

Growth of 3D Entertainment and Gaming: The use of 3D modelling and rendering for the creation of lifelike and immersive environments, characters, and animations has increased significantly within the gaming and entertainment sectors.

Integration of augmented reality (AR) and virtual reality (VR): 3D modelling and mapping are essential parts of AR and VR applications. The demand for 3D content development and modelling tools has grown as AR and VR technologies proliferate.

Transportation and autonomous vehicle demand: 3D mapping and modelling are now being used by the automotive and transportation sectors for advanced driver assistance systems (ADAS), autonomous driving systems, and vehicle navigation.

Applications for cultural heritage and heritage preservation use 3D mapping and modelling to digitally preserve historical places, artefacts, and cultural heritage. This enables historians, archaeologists, and scholars to examine and preserve these priceless artefacts.

Disaster Management and Emergency Response: Real-time data from 3D mapping and modelling is essential for situational awareness, damage assessment, and resource allocation during emergencies and natural disasters.

Surveying and GIS Applications: Accurate digital elevation models (DEMs), topographic maps, and geospatial data visualisation are produced by the surveying and geographic information system (GIS) industries using 3D mapping and modelling.

Cloud-based 3D Mapping Services: The accessibility and affordability of 3D mapping and modelling technologies have increased for companies of all sizes as a result of the availability of cloud-based 3D mapping services.

Regulatory and Environmental Compliance: To meet rules, evaluate environmental effect, and assure sustainable practises, sectors like mining, forestry, and environmental monitoring rely on 3D mapping and modelling.

Real-time data visualisation and analysis are made possible for a variety of applications, including smart agriculture and infrastructure monitoring, by integrating 3D mapping and modelling with Internet of Things (IoT) and big data platforms.

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Competitive and Segmentation Analysis:

There is fierce competition among the major competitors in the 3D mapping and modelling business, which includes both well-known technical juggernauts and niche suppliers. These rivals work hard to establish a competitive edge through ongoing technology development, novel product offerings, clever alliances, and top-notch customer service. The market can be divided into segments based on a number of variables, such as the kind of hardware, software, application, end-user industry, deployment methodology, and geography.

The market offers a variety of hardware products, such as 3D scanners, LiDAR sensors, cameras, drones, and other data collecting tools. Software for photogrammetry, 3D modelling, processing point clouds, and visualisation are all included in the segmentation of software types. Construction and engineering, urban planning and smart cities, entertainment and gaming, automobiles and transportation, historical preservation, disaster management, and surveying and GIS applications are all included in the application area segment.

The market is further segmented by end-user industry, serving several industries like government, aerospace, defence, real estate, gaming, entertainment and media, construction, architecture, and real estate, among others. To accommodate a range of customer requirements, suppliers provide both on-premises solutions and cloud-based 3D mapping and modelling services.

Industry companies use a variety of competitive strategies, such as ongoing R&D investments, global sales channel development, customised customer support, industry partnerships, and adaptable pricing and licencing models, to stay ahead in this competitive market. Vendors can better address client wants by tailoring their offerings to each market segment's specific needs thanks to the segmentation analysis. Players will likely concentrate on differentiation and specialisation as the 3D mapping and modelling market continues to develop in order to seize new possibilities and maintain their positions in the competitive environment. Stakeholders should read recent industry studies and reliable market analysis to get a full picture of the current competitive environment and segmentation trends.

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