Report : Europe 3D Mapping and Modelling Market Forecast to 2028 – COVID-19 Impact and Regional 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
At 14.9% CAGR, the Europe 3D Mapping and Modelling Market is speculated to be worth US$ 3,233.41 million by 2028, says Business Market Insights
According to Business Market Insights’ research, the Europe 3D mapping and modelling market was valued at US$ 1,241.30 million in 2021 and is expected to reach US$ 3,233.41 million by 2028, registering an annual growth rate of 14.9% from 2021 to 2028. Uplifting technological advancements in 3d mapping and modelling tools and burgeoning adoption of cloud solutions for high scalability and flexibility.
Initially, 3D mapping and modelling tools were limited as designers had to develop object models from scratch, which acted as a constraint for the market growth. However, over the last decade, technical advancements in image sensors, lenses, thermal sensors, and environment recognition and capturing devices have propelled the uptake of 3D mapping and modelling software across various industries, such as transport and logistics, engineering and construction, real estate, agriculture, and manufacturing. Therefore, capturing devices can identify an object's length, height, and width in detail. The captured data can be integrated with 3D mapping and modelling tools, allowing designers and engineers to develop project models or plan for further changes, ultimately saving cost and time by eliminating the need for them to visit facilities and measure the dimension physically. Nowadays, the concept of materialization is realized through additive manufacturing, often known as 3D printing. This method uses specialized machinery to add certain materials to the final product. The software requirements are the same as 3D modelling, requiring a mix of 3D and computer-aided design (CAD) tools. With these capabilities, 3D mapping and modelling tools enable users to streamline the process of planning, optimize the floor space of the project, assess structural conditions, and view thermal imaging to identify areas of weakness. Hence, with the development of robust object and environment recognition capturing devices and the increasing trend of creating an enhanced user experience, the 3D mapping and modelling market is witnessing significant growth across the region.
On the contrary, scarcity skilled workforce and supporting infrastructure hurdles the growth of Europe 3D mapping and modelling market.
Based on component, the Europe 3D mapping and modelling market is divided into software tools and services. The software tools segment held 78.7% market share in 2021, amassing US$ 976.59 million. It is projected to garner US$ 2502.95 million by 2028 to expand at 14.7% CAGR during 2021–2028.
Based on 3D mapping application, the Europe 3D mapping and modelling market is categorised into inspection and measurement, object reconstruction, projection and navigation, reporting and virtualization, and others 3D mapping applications. The projection and navigation segment held 27.3% market share in 2021, amassing US$ 170.45 million. It is projected to garner US$ 432.93 million by 2028 to expand at 14.5% CAGR during 2021–2028.
Based on 3D mapping application, the Europe 3D mapping and modelling market is segmented into product marketing, animation and movies, gaming and designing, architectural rendering, and other 3D modelling applications. The animation and moviessegment held 34.5% market share in 2021, amassing US$ 121.73 million. It is projected to garner US$ 322.08 million by 2028 to expand at 15.2% CAGR during 2021–2028.
Based on deployment type, the Europe 3D mapping and modelling market is birfucated into cloud and on-premises. The on-premises segment held 74.4% market share in 2021, amassing US$ 923.17 million. It is projected to garner US$ 2317.58 million by 2028 to expand at 14.3% CAGR during 2021–2028.
Based on organization size, the Europe 3D mapping and modelling market is segmented into SMEs and large enterprises. The large enterprises segment held 64.0% market share in 2021, amassing US$ 794.46 million. It is projected to garner US$ 1977.02 million by 2028 to expand at 14.2% CAGR during 2021–2028.
Based on vertical, the Europe 3D mapping and modelling market is categorised 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 other verticals. The engineering and construction segment held 19.1% market share in 2021, amassing US$ 238.61 million. It is projected to garner US$ 662.00 million by 2028 to expand at 19.2% CAGR during 2021–2028.
Based on country, the Europe 3D mapping and modelling market has been segmented into Germany, France, Italy, the UK, Russia, and Rest of Europe. Our regional analysis states that the UK captured 25.4% market share in 2021. It was assessed at US$ 314.68 million in 2021 and is likely to hit US$ 904.71 million by 2028, exhibiting a CAGR of 16.6% during the forecast period.
Key players dominating the Europe 3D mapping and modelling market are Pix4D SA; Pixologic, Inc.; Maxon Computer GmbH; WRLD; GeoSLAM; Bentley Systems Incorporated; Alphabet Inc.; Esri; Autodesk, Inc.; Airbus; Trimble Inc.; Saab AB; Dassault Systèmes; Adobe; Mitsubishi Electric Corporation; Topcon Corporation; Apple Inc.; Intermap Technologies; The Foundry Visionmongers Limited; Mapbox; DeepMap; Civil Maps; Dynamic Map Platform Co., Ltd.; Shapr3D Zrt; Innersight Labs Ltd; Astrivis; and Onionlab among others.
- In July 2018, GeoSLAM and 3D Laser Mapping Ltd merged to create one of the world's most innovative mobile mapping. This merger combined the best of the two leading organizations with strong global coverage. The strategic move enabled the new organization to supply next generation leading products worldwide.
- In July 2021, DeepMap, a producer of high-definition mapping solutions for autonomous cars, has been acquired by Nvidia. Nvidia's mapping and localization capabilities will be strengthened as a result of the purchase.
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