Europe 3D Mapping and Modelling Market is expected to reach US$ 3236.65 million by 2028

Large Enterprises Segment to Dominate Europe 3D Mapping and Modelling Market during 2020–2028

According to The Insight Partners market research study on “Europe 3D Mapping and Modelling Market to 2028– COVID-19 Impact and Regional Analysis and Forecast by Deployment Type, Organization size, Component, 3D Mapping Application,3D Modelling Application and Vertical,” is expected to reach US$ 3236.65 million by 2028 from US$ 1136.98 million in 2020. The market is estimated to grow at a CAGR of 14.1% from 2021 to 2028 The report provides trends prevailing in the Europe 3D mapping and modelling market along with the drivers and restraints pertaining to the market growth. Technological Enhancements in 3D Mapping and Modelling Tools are the major factor driving the growth of the Europe 3D mapping and modelling market. However, issues associated Deficit of Skilled Workforce and Supporting Infrastructure in Developing Regions hinder the growth of the Europe 3D mapping and modelling market.

Italy, the UK, Russia, France, and Germany are among of the worst affected economies in Europe due to the outbreak of COVID-19. The region is facing severe financial crisis as businesses either had to reduce their activities in a substantial manner or suspend their operations. Due to travel bans, lockdowns, and supply chain disruptions, the region is anticipated to see an economic slowdown in 2021. Moreover, the pandemic has resulted into closure of tech giants and various industrial sectors, which, in turn has obstructed the company’s investment decision on different software. Europe is a major industrial hub for various sectors, such as machinery equipment, manufacturing, and logistics. However, due to business lockdowns, travel bans, and supply chain disruptions, the region has witnessed a decline in activities in above-mentioned industries, which has impacted the growth of the 3D mapping and modelling market in Europe.

The Europe 3D mapping modelling market is segmented by following segments: Component, 3D Mapping Application, 3D Modelling Application, Deployment Type, Organization Size, Vertical, and country. By component, the market is divided into software tools and services, wherein software tools are further bifurcated into 3D mapping & 3D modelling and services are further bifurcated into professional & managed services. In 2020, software tools held a significant share of the overall market. 3D mapping market is segmented into following applications, namely, inspection and measurement, object reconstruction, projection and navigation, reporting and virtualization, and others. Similarly, 3D modelling market is segmented into following key applications, i.e. 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. Cloud based solutions are anticipated to be the fastest growing over the forecast period of 2021 to 2028. On the basis of organization size, the market is segmented into SMEs and large enterprises. Large enterprises segment contributed the largest market share in the year 2020 and it is anticipated to continue its dominance over the forecast period. Based on industry vertical, the 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. Engineering and construction industry was the largest revenue contributor in 2020.

Pix4D SA, Pixologic, Inc., Flight Evolved, Onionlab, Maxon Computer GmbH, WRLD, Mapbox, GeoSLAM, Astrivis, DeepMap, Civil Maps, Hivemapper Inc., Dynamic Map Platform Co., Ltd, Bentley Systems Incorporated, Alphabet Inc., Esri, Autodesk, Inc., Intermap Technologies, The Foundry Visionmongers Limited, Trimble Inc SaaB AB, Dassault Systèmes SE, Adobe, Mitsubishi Electric Corporation, Topcon Corporation, Apple Inc are among the leading companies in the Europe 3D mapping and modelling market. The companies are focused on adopting organic growth strategies such as product launches and expansions to sustain their position in the dynamic market. For instance, in 2021, Pix4Dcloud, a standalone product with a more powerful platform Pix4Dcloud Advanced

The report segments the Europe 3D Mapping and Modelling Market as follows:

Europe 3D Mapping and Modelling Market – By Deployment Type

• Cloud
• On-premises

Europe 3D Mapping and Modelling Market – By Organization Size

• SMEs
• Large Enterprises

Europe 3D Mapping and Modelling Market – By Component

• Software Tools
• Services

Europe 3D Mapping and Modelling Market – By 3D Mapping Application

• Inspection and Measurement
• Object Reconstruction
• Projection and Navigation
• Reporting and Virtualization
• Others 3D Mapping Applications

Europe 3D Mapping and Modelling Market – By 3D Modelling Application

• Product Marketing
• Animation and Movies
• Gaming and Designing
• Architectural Rendering
• Other 3D Modelling Applications

Europe 3D Mapping and Modelling Market – By Vertical

• Retail and Consumer Goods
• Engineering and Construction
• Healthcare and Life Sciences
• Transportation and Logistics
• Government and Defence
• Energy and Utilities
• Media and Entertainment
• Manufacturing
• Other Verticals

Europe 3D Mapping and Modelling Market – By Country

• Germany
• France
• Italy
• UK
• Russia
• Rest of Europe