Report : 3D Mapping and Modelling Market Forecast to 2028 - COVID-19 Impact and Global Analysis By Deployment Mode (Cloud and On-Premises), Organization Size (SMEs and Large Enterprises), Component (Software Tools and Services ), 3D Mapping Application (Inspection and Measurement, Object Reconstruction, Projection and Navigation, Reporting and Virtualization, and Other 3D Mapping Applications), 3D Modelling Application (Product
Rising Demand from Small & Medium Enterprises (SEMs) to Provide Growth Opportunities for 3D Mapping and Modelling Market
According to our latest market study on “3D Mapping and Modelling Market Forecast to 2028 – COVID-19 Impact and Global Analysis – by component, 3D mapping application, 3D modelling application, deployment type, organization size and vertical”, the market was valued at US$ 4,089.66 million in 2020 and is projected to reach US$ 12,146.23 million by 2028; it is expected to grow at a CAGR of 14.8% from 2021 to 2028.
Game and software developers are leveraging various 3D mapping and modelling tools to deliver enhanced visual and user experience for their customers. Affordable prices of smartphones and internet, coupled with the enhanced graphic processing power of smartphones, is a key factor contributing to the 3D mapping and modelling market growth. Further, the COVID-19 pandemic has been fueling the gaming industry since early 2020, as the masses were compelled to follow social distancing and avoid outdoor activities to decelerate the spread of the virus, which subsequently resulted in increasing number of gamers. Therefore, game developers such as Activision Blizzard and Electronic Arts witnessed greater year-over-year revenues and higher market penetration than ever before.
In terms of geography, the 3D mapping and modelling market is segmented into North America, Europe, APAC, MEA, and SAM. North America held the largest revenue share in 2020, followed by Europe and APAC respectively. Further, the market in Asia Pacific is expected to witness highest CAGR during the forecast period. The 3D mapping and modelling market is segmented on the basis of component, 3D mapping application, 3D modelling application, deployment type, organization size and vertical. Based on component, the market is segmented into software tools and services, wherein software tools are further bifurcated into 3D mapping and 3D modelling, while services are subsegmented into professional and managed services. The software tools segment led the overall market in 2020. Based on 3D mapping application, the 3D mapping and modelling market is segmented into inspection and measurement, object reconstruction, projection and navigation, reporting and virtualization, and others. Based on 3D modelling, the 3D mapping and modelling market is segmented into product marketing, animation and movies, gaming and designing, architectural rendering, and others. The total 3D mapping and modelling market, by application is segmented into product marketing, animation and movies, gaming and designing, architectural rendering, and others. Based on deployment type, the market is divided into cloud and on-premises. The cloud segment is expected to register the highest CAGR during 2021-2028. Based on organization size, the 3D mapping and modelling market is segmented into SMEs and large enterprises; the large enterprises segment represented a larger share of the market. Based on industry vertical, the 3D mapping and modelling market is segmented into retail and consumer goods, engineering and construction, healthcare and life sciences, transportation and logistics, government and defence, energy and utilities, media and entertainment, manufacturing, and others. The engineering and construction segment led the overall market in 2020.
Impact of COVID-19 Pandemic on 3D Mapping and Modelling Market
The COVID-19 crisis is affecting the industries worldwide. The global economy took the worst hit in 2020 and it is likely to continue in 2021. The global economy took the worst hit in 2020 and it is likely to continue in 2021. The COVID-19 pandemic affected global supply chains and business revenues due to business shutdowns, border closing, and trade bans across the globe, which interrupted marketing and sales activities of companies operating in the global 3D mapping and modelling market. Thus, there was a decline in y-o-y growth rate during the year 2020. However, the surge in demand of software solutions for higher efficiency and productivity in various industry verticals due to COVID-19 outbreak and the adoption of 3D mapping and modelling solutions is anticipated to witness growth over the forecast period.
Major players operating in the global 3D mapping and modelling market include Golden Software, LLC; CyberCity 3D, Inc.; Pix4D SA; Pixologic, Inc. ; Flight Evolved; Maxon Computer GmbH; Onionlab; WRLD; GeoDigital; GeoSLAM; Mapbox; DeepMap; Civil Maps; Hivemapper Inc.; Shapr3D Zrt; Innersight Labs Ltd; Astrivis;Pointivo Inc.; Dynamic Platform Co., Ltd.; Bentley Systems Incorporated; Alphabet Inc.; Esri; Autodesk, Inc.; Airbus S.A.S.; Intermap Technologies; The Foundry Visionmongers Limited; Trimble Inc.; SaaB AB; Dassault Systèmes SE; Adobe; Mitsubishi Electric Corporation; Topcon Corporation and Apple Inc.
The report segments the 3D mapping and modelling market as follows:
By Organization Size
By 3D Mapping Application
By 3D Modelling Application