Jul 21, 2023

| Growing use of 3D mapping and modeling in building and construction to boost market growth - Technavio News provided by Share this article Share this article NEW YORK, July 21, 2023 /PRNewswire/ -- The  3D mapping and modeling market size is estimated to grow by USD 7,086.65 million from 2022 to 2027, growing at a CAGR of 15.24%, according to Technavio. APAC is estimated to contribute 36% to the growth of the global market during the forecast period. North America is another region that presents substantial growth opportunities for vendors. The growth in the region is due to the increasing adoption of 3D mapping and modeling technology in various sectors such as construction, healthcare, and gaming. The US healthcare industry's increased utilization of 3D mapping technologies is a crucial driver for market expansion. Additionally, the rising popularity of 3D animated films, which depends on this technology, has further contributed to the market's growth in the region. For Comprehensive details on the market size of the historical period(2017 to 2021) and forecast period (2023-2027) - View the Sample report Vendor Landscape The 3D mapping and modeling market is fragmented; the vendors are competing with competitors and are trying to get a greater market share. The market is growing, and the chances of new entrants cannot be overlooked. The major vendors have well-established economies of scale and market presence and generally rely on positioning technological advances, and the price of the products -The report provides a full list of key vendors, their strategies, and the latest developments. Buy Now Market Dynamics Key Driver The growing use of 3D mapping and modeling in building and construction is a key factor driving market growth. 3D modeling enables architects to prioritize original design concepts and save significant time by handling complex details effortlessly. It simplifies the creation of unique architectural designs and provides a platform for experimentation and visualization of structures. As a result, 3D modeling has become a widespread and essential tool in numerous contemporary construction projects. Hence, the growth in the construction industry is expected to drive market growth during the forecast period. Major Trends The growing technological advancements are a major trend in market growth. Major companies are focusing on the advancement of cutting-edge technological solutions using augmented reality (AR). Real-world objects are combined with live data, such as text, photos, audio, and other virtual components, to create augmented reality. The recently developed app by Naxtech now includes enhanced features such as 3D model viewing within user-created maps, localization capabilities, easy drag-and-drop functionality for AR content, and augmented reality mapping. Hence, these advanced technologies are expected to drive market growth during the forecast period. Significant Challenges High technological and installation costs are significant challenges impeding market growth. The 3D mapping technology industry is continuously evolving. Acquiring 3D content data through devices like scanners and lasers necessitates additional expenditure, leading to an overall increase in the technology's cost. Apart from the expenses associated with video development time, there are additional costs for projectors, media servers, and hard drives. Hence, this high cost is expected to restrict market growth during the forecast period. Technavio has identified key trends, drivers, and challenges in the market, which will help clients improve their strategies to stay ahead of their competitors. - View Sample Report Company Profiles The 3D mapping and modeling market report includes information on the product launches, sustainability, and prospects of leading vendors including Adobe Inc., Airbus SE, Astrivis Technologies Ltd., Autodesk Inc., Bentley Systems Inc., CyberCity 3D Inc., Dassault Systemes SE, Dynamic Map Platform Co. Ltd., Esri Global Inc., Golden Software LLC, Innersight Labs Ltd., Intermap Technologies Inc., Maxon Computer GmbH, Mitsubishi Electric Corp., Onionlab, Pix4D SA, Saab AB, The Foundry Visionmongers Ltd., Topcon Positioning Systems Inc., and Trimble Inc. Competitive Analysis The report includes competitive analysis, a proprietary tool to analyze and evaluate the position of companies based on their industry position score and market performance score. The competitive scenario categorizes companies based on various performance indicators. Some of the factors considered include the financial performance of companies over the past few years, growth strategies, product innovations, new product launches, investments, and growth in market share, among others. Market Segmentation The market is segmented by component (software and services), product (3D modeling and 3D mapping), and geography (North America, APAC, Europe, Middle East and Africa, and South America). The market share growth by the software segment will be significant during the forecast period. 3D mapping software provides technical tools for acquiring and visualizing information. These methods provide machine vision to create three-dimensional profiles of objects and accurately map them in the real world. Furthermore, the use of 3D mapping and modeling software is also influenced by its application in visual content for marketing and promotional activities. Hence, these factors will drive the growth of the software segment in the market during the forecast period. Gain instant access to 17,000+ market research reports. Related Reports The construction estimation software market size is estimated to grow at a CAGR of 7.93% between 2022 and 2027. The market size is forecast to increase by USD 658.18 million. Furthermore, this report extensively covers market segmentation by end-user (architects and builders, construction managers, contractors, and others), deployment (cloud-based and on-premise), and geography (North America, Europe, APAC, Middle East and Africa, and South America). The growing demand for cost-effective and efficient construction management solutions is a key factor driving market growth during the forecast period. The property management market size is estimated to grow at a CAGR of 2.73% between 2022 and 2027. The market size is forecast to increase by USD 49.45 billion. Furthermore, this report extensively covers market segmentation by Application (construction and real estate, government, retail, hospitality, and others), Deployment (cloud-based and on-premise), and Geography (North America, Europe, APAC, South America, and Middle East and Africa). The adherence to industry and government regulations for property listings is a key factor driving market growth during the forecast period. 3D Mapping and Modeling Market Scope Report Coverage Key companies profiled Adobe Inc., Airbus SE, Astrivis Technologies Ltd., Autodesk Inc., Bentley Systems Inc., CyberCity 3D Inc., Dassault Systemes SE, Dynamic Map Platform Co. Ltd., Esri Global Inc., Golden Software LLC, Innersight Labs Ltd., Intermap Technologies Inc., Maxon Computer GmbH, Mitsubishi Electric Corp., Onionlab, Pix4D SA, Saab AB, The Foundry Visionmongers Ltd., Topcon Positioning Systems Inc., and Trimble Inc. Market dynamics Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and Market condition analysis for the forecast period. Customization purview If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. Table of Contents Exhibit 14: Chart on Global - Market size and forecast 2022-2027 ($ million) Exhibit 15: Data Table on Global - Market size and forecast 2022-2027 ($ million) Exhibit 16: Chart on Global Market: Year-over-year growth 2022-2027 (%) Exhibit 17: Data Table on Global Market: Year-over-year growth 2022-2027 (%) 4 Historic Market Size 4.1 Global 3D mapping and modeling market 2017 - 2021 Exhibit 18: Historic Market Size – Data Table on Global 3D mapping and modeling market 2017 - 2021 ($ million) 4.2 Component Segment Analysis 2017 - 2021 Exhibit 19: Historic Market Size – Component Segment 2017 - 2021 ($ million) 4.3 Product Segment Analysis 2017 - 2021 Exhibit 20: Historic Market Size – Product Segment 2017 - 2021 ($ million) 4.4 Geography Segment Analysis 2017 - 2021 Exhibit 21: Historic Market Size – Geography Segment 2017 - 2021 ($ million) 4.5 Country Segment Analysis 2017 - 2021 Exhibit 22: Historic Market Size – Country Segment 2017 - 2021 ($ million) 5 Five Forces Analysis Exhibit 33: Data Table on Comparison by Component 6.3 Software - Market size and forecast 2022-2027 Exhibit 34: Chart on Software - Market size and forecast 2022-2027 ($ million) Exhibit 35: Data Table on Software - Market size and forecast 2022-2027 ($ million) Exhibit 36: Chart on Software - Year-over-year growth 2022-2027 (%) Exhibit 37: Data Table on Software - Year-over-year growth 2022-2027 (%) 6.4 Services - Market size and forecast 2022-2027 Exhibit 38: Chart on Services - Market size and forecast 2022-2027 ($ million) Exhibit 39: Data Table on Services - Market size and forecast 2022-2027 ($ million) Exhibit 40: Chart on Services - Year-over-year growth 2022-2027 (%) Exhibit 41: Data Table on Services - Year-over-year growth 2022-2027 (%) 6.5 Market opportunity by Component Exhibit 42: Market opportunity by Component ($ million) Exhibit 43: Data Table on Market opportunity by Component ($ million) 7 Market Segmentation by Product 7.1 Market segments Exhibit 47: Data Table on Comparison by Product 7.3 3D modeling - Market size and forecast 2022-2027 Exhibit 48: Chart on 3D modeling - Market size and forecast 2022-2027 ($ million) Exhibit 49: Data Table on 3D modeling - Market size and forecast 2022-2027 ($ million) Exhibit 50: Chart on 3D modeling - Year-over-year growth 2022-2027 (%) Exhibit 51: Data Table on 3D modeling - Year-over-year growth 2022-2027 (%) 7.4 3D mapping - Market size and forecast 2022-2027 Exhibit 52: Chart on 3D mapping - Market size and forecast 2022-2027 ($ million) Exhibit 53: Data Table on 3D mapping - Market size and forecast 2022-2027 ($ million) Exhibit 54: Chart on 3D mapping - Year-over-year growth 2022-2027 (%) Exhibit 55: Data Table on 3D mapping - Year-over-year growth 2022-2027 (%) 7.5 Market opportunity by Product Exhibit 56: Market opportunity by Product ($ million) Exhibit 57: Data Table on Market opportunity by Product ($ million) 8 Customer Landscape Exhibit 62: Data Table on Geographic comparison 9.3 North America - Market size and forecast 2022-2027 Exhibit 63: Chart on North America - Market size and forecast 2022-2027 ($ million) Exhibit 64: Data Table on North America - Market size and forecast 2022-2027 ($ million) Exhibit 65: Chart on North America - Year-over-year growth 2022-2027 (%) Exhibit 66: Data Table on North America - Year-over-year growth 2022-2027 (%) 9.4 APAC - Market size and forecast 2022-2027 Exhibit 67: Chart on APAC - Market size and forecast 2022-2027 ($ million) Exhibit 68: Data Table on APAC - Market size and forecast 2022-2027 ($ million) Exhibit 69: Chart on APAC - Year-over-year growth 2022-2027 (%) Exhibit 70: Data Table on APAC - Year-over-year growth 2022-2027 (%) 9.5 Europe - Market size and forecast 2022-2027 Exhibit 71: Chart on Europe - Market size and forecast 2022-2027 ($ million) Exhibit 72: Data Table on Europe - Market size and forecast 2022-2027 ($ million) Exhibit 73: Chart on Europe - Year-over-year growth 2022-2027 (%) Exhibit 74: Data Table on Europe - Year-over-year growth 2022-2027 (%) 9.6 Middle East and Africa - Market size and forecast 2022-2027 Exhibit 75: Chart on Middle East and Africa - Market size and forecast 2022-2027 ($ million) Exhibit 76: Data Table on Middle East and Africa - Market size and forecast 2022-2027 ($ million) Exhibit 77: Chart on Middle East and Africa - Year-over-year growth 2022-2027 (%) Exhibit 78: Data Table on Middle East and Africa - Year-over-year growth 2022-2027 (%) 9.7 South America - Market size and forecast 2022-2027 Exhibit 79: Chart on South America - Market size and forecast 2022-2027 ($ million) Exhibit 80: Data Table on South America - Market size and forecast 2022-2027 ($ million) Exhibit 81: Chart on South America - Year-over-year growth 2022-2027 (%) Exhibit 82: Data Table on South America - Year-over-year growth 2022-2027 (%) 9.8 US - Market size and forecast 2022-2027 Exhibit 83: Chart on US - Market size and forecast 2022-2027 ($ million) Exhibit 84: Data Table on US - Market size and forecast 2022-2027 ($ million) Exhibit 85: Chart on US - Year-over-year growth 2022-2027 (%) Exhibit 86: Data Table on US - Year-over-year growth 2022-2027 (%) 9.9 China - Market size and forecast 2022-2027 Exhibit 87: Chart on China - Market size and forecast 2022-2027 ($ million) Exhibit 88: Data Table on China - Market size and forecast 2022-2027 ($ million) Exhibit 89: Chart on China - Year-over-year growth 2022-2027 (%) Exhibit 90: Data Table on China - Year-over-year growth 2022-2027 (%) 9.10 Germany - Market size and forecast 2022-2027 Exhibit 91: Chart on Germany - Market size and forecast 2022-2027 ($ million) Exhibit 92: Data Table on Germany - Market size and forecast 2022-2027 ($ million) Exhibit 93: Chart on Germany - Year-over-year growth 2022-2027 (%) Exhibit 94: Data Table on Germany - Year-over-year growth 2022-2027 (%) 9.11 Japan - Market size and forecast 2022-2027 Exhibit 95: Chart on Japan - Market size and forecast 2022-2027 ($ million) Exhibit 96: Data Table on Japan - Market size and forecast 2022-2027 ($ million) Exhibit 97: Chart on Japan - Year-over-year growth 2022-2027 (%) Exhibit 98: Data Table on Japan - Year-over-year growth 2022-2027 (%) 9.12 South Korea - Market size and forecast 2022-2027 Exhibit 99: Chart on South Korea - Market size and forecast 2022-2027 ($ million) Exhibit 100: Data Table on South Korea - Market size and forecast 2022-2027 ($ million) Exhibit 101: Chart on South Korea - Year-over-year growth 2022-2027 (%) Exhibit 102: Data Table on South Korea - Year-over-year growth 2022-2027 (%) 9.13 Market opportunity by geography Exhibit 103: Market opportunity by geography ($ million) Exhibit 104: Data Tables on Market opportunity by geography ($ million) 10 Drivers, Challenges, and Trends 10.1 Market drivers About Us Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provide actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios. Contact