MarketsandMarkets expects the global 3D mapping and modeling market size to grow from 3.8 USD billion in 2020 to USD 7.6 billion by 2025, at a Compound Annual Growth Rate (CAGR) of 15.0% during the forecast period. Enterprises and organizations across industries are progressively installing 3D mapping and modeling software tools to realize the benefits of 3D data. Factors such as the high demand for 3D animation in mobile applications, games, and movies for enhanced viewing experience, technological advancements in 3D scanners, 3D sensors, and other acquisition devices, increasing availability of 3D content, and the advent of 3D-enabled display devices for better navigation experience are expected to drive the market growth.
The managed services segment to record the higher growth rate during the forecast period
On the basis of services, the 3D mapping and modeling market is segmented into professional services and managed services. Managed services are projected to grow at a higher CAGR during the forecast period. The growth of managed services can be attributed to the provision of technical expertise, helping companies enhance their focus on the core business processes. Managed services provide all the required skillsets to maintain and upgrade the solutions, which is of utmost importance in the 3D mapping and modeling environment. All pre- and post-deployment questions and needs for clients are taken care of through the managed services unit. Organizations mostly outsource such services to offer clients on-time delivery and an enhanced experience. Services being offered must fit perfectly into the client’s environment.
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The engineering and construction vertical segment to hold largest market share during the forecast period
In the 3D mapping and modeling market by vertical is segmented into engineering and construction, retail and consumer goods, IT and telecom, manufacturing, healthcare and life sciences, transportation and logistics, media and entertainment, government and defense, energy and utilities, and others (education, agriculture, automotive, and IT and Telecom). The engineering and construction verticals to witness the maximum adoption of 3D mapping and modeling software tools and services across the globe. 3D mapping and modeling technology helps computer-generated buildings to be created along with landscapes. CAD and 3D modeling techniques are time-saving and help get a succinct view of the project, landscape, or construction site. The final output to be constructed can be seen in terms of its length, breadth, and height using the 3D technology, and with realistic 3D virtualization, simulations with extensive details of the building can be observed to measure its feasibility.
Key and emerging market players include Autodesk (US), Saab AB (Sweden), Golden Software (US), Trimble (US), Bentley Systems (US), Alphabet (US), Intermap Technologies (US), Airbus (The Netherlands), Esri (US), CyberCity 3D (US), Topcon (Japan), Dassault Systèmes (France), Adobe (US), Pix4D (Switzerland), Pixologic (US), Flight Evolved (US), MAXON (Germany), Onionlab (Spain), The Foundry Visionmongers (UK), Mitsubishi Electric (Japan), Apple (US), WRLD (UK), GeoDigital (US), GeoSLAM (UK), Mapbox (US), DeepMap (US), Civil Maps (US), Hivemapper (US), Ivl5 (US), Shapr3D (Hungary), Innersight (UK), Astrivis (Switzerland), Pointivo (US), and Dynamic Map Platform (Japan).
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Autodesk (US0 offers AEC Collection that helps customers design, engineer, and construct qualitative and predictable building and civil infrastructure projects, commonly used by AEC industry experts. The AEC Collection includes software, such as AutoCAD, AutoCAD Civil3D, and Revit. Its Product Design Collection offers connected, professional-grade tools that help customers make products and compete in the changing manufacturing landscape. Autodesk has acquired companies and formed partnerships with companies to develop its tools and simulation software for producing 3D models and 3D mapping solutions. For instance, in August 2020, Autodesk completed the acquisition of Pype and its portfolio of cloud-based software solutions for the construction industry. This acquisition and resulting product integrations will provide additional value for Autodesk Construction Cloud users, allowing general contractors, subcontractors, and owners to automate workflows, such as submittals and project closeout, to increase the overall productivity and reduce risks throughout the project lifecycle. Furthermore, in April 2020, Aurigo Software and Autodesk announced an alliance to develop the most comprehensive set of cloud-based solutions for public and private owners. Aurigo will integrate with Autodesk Construction Cloud, a powerful portfolio of construction management software and services. This would provide owners with a single end-to-end technology platform for design, planning, construction, and operations of infrastructure and private assets. As part of the alliance, Autodesk will acquire a minority stake in the privately-held Aurigo.
Saab AB (Sweden) is an international company that contributes to increased security and defense capabilities in Sweden and other countries. The company witnessed substantial international growth in the recent years with an increased presence in key countries and with international partners. This can be attributed to the company’s strong Swedish base and a competitive product portfolio. Through a strong product portfolio, SAAB AB can offer modern and cost-efficient solutions to both current and new customers. SAAB AB is on a growth journey. Recent years have seen strong international growth through strategic collaborations and R&D activities. This has laid the foundation for a unique position as SAAB AB enters an execution phase and the focus is on cash flow. SAAB AB has made significant investments in the last decade, which, when combined with strategic partnerships, facilitate the company’s growth and result in a strong position in the global defense market.
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