Report : North America 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 15.8% CAGR, the North America 3D Mapping and Modelling Market is speculated to be worth US$ 4521.89 million by 2028, says Business Market Insights
According to Business Market Insights’ research, the North America 3D mapping and modelling market was valued at US$ 1649.64 million in 2021 and is expected to reach US$ 4521.89 million by 2028, registering an annual growth rate of 15.8% from 2021 to 2028. Surging demand for 3d animation and strengthening technological advancements in 3D mapping and modelling tools.
With the incremental advancement in the processing power of microprocessors, especially for graphical applications, the previous decade witnessed a significant deployment of 3D content. Initially, 3D content was limited to videos. However, the technological advancements in displays and chips have led to the deployment of 3D content in applications, software, and games to deliver an enhanced user experience. Game and software developers are leveraging various 3D mapping and modelling tools to deliver enhanced visual and user experiences for their customers. The expanding need for 3D visualization, acceptance of visual effects technology (VFX) in movies, 3D mobile applications, and 3D gaming, as well as the developing trend of digital marketing, are all contributing to the demand for 3D animation. The growing demand for 3D animation software to create 3D animation films is propelling the 3D mapping and modelling market growth. For example, major media and entertainment companies, such as DreamWorks Animation, The Walt Disney Company; Universal Studios Inc.; Warner Bros. Animation; and Pixar, are using 3D animation technologies and software, including motion graphics, 3D modelling, visual effects, 3D rendering, and special effects, to produce movies, boosting the market. Further, the COVID-19 pandemic fueled the gaming industry as the masses were confined to their homes, following social distancing and lockdown imposed by the governments, which resulted in an increased number of online gamers. Therefore, game developers, such as Activision Blizzard and Electronic Arts, witnessed greater year-over-year revenues and higher market penetration. Moreover, affordable prices of smartphones and the Internet, coupled with the enhanced graphic processing power of smartphones, are among the other factors driving the growth of this market. The rising uptake of smartphone devices has also supported the mobile gaming industry, aiding the market.
On the contrary, limited skilled workforce and supporting infrastructure hurdles the growth of North America 3D mapping and modelling market.
Based on component, the North America 3D mapping and modelling market is divided into software tools and services. The software tools segment held 80.7% market share in 2021, amassing US$ 1331.29 million. It is projected to garner US$ 3590.91 million by 2028 to expand at 15.5% CAGR during 2021–2028.
Based on 3D mapping application, the North America 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 27.2% market share in 2021, amassing US$ 238.82 million. It is projected to garner US$ 637.85 million by 2028 to expand at 15.3% CAGR during 2021–2028.
Based on 3D mapping application, the North America 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 36.4% market share in 2021, amassing US$ 165.21 million. It is projected to garner US$ 457.44 million by 2028 to expand at 15.9% CAGR during 2021–2028.
Based on deployment type, the North America 3D mapping and modelling market is birfucated into cloud and on-premises. The on-premises segment held 72.4% market share in 2021, amassing US$ 1193.73 million. It is projected to garner US$ 3150.54 million by 2028 to expand at 15.1% CAGR during 2021–2028.
Based on organization size, the North America 3D mapping and modelling market is segmented into SMEs and large enterprises. The large enterprises segment held 62.0% market share in 2021, amassing US$ 1022.36 million. It is projected to garner US$ 2674.28 million by 2028 to expand at 15.0% CAGR during 2021–2028.
Based on vertical, the North America 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$ 315.70 million. It is projected to garner US$ 922.39 million by 2028 to expand at 16.8% CAGR during 2021–2028.
Based on country, the North America 3D mapping and modelling market has been segmented into the US, Canada, and Mexico. Our regional analysis states that the US captured 70.7% market share in 2021. It was assessed at US$ 1165.71 million in 2021 and is likely to hit US$ 3249.89 million by 2028, exhibiting a CAGR of 16.1% during the forecast period.
Key players dominating the North America 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.; Golden Software, LLC; CyberCity 3D, Inc.; Flight Evolved; GeoDigital; Pointivo Inc.; and Hivemapper Inc. among others.
- In October 2020, Copley Equity Partners announced that it will invest in Aethon Aerial Solutions & Flight Evolved, LLC, uniting the two companies. Aethon and Flight Evolved have merged to form one of North America's most technologically advanced airborne inspection organisations specialising in utility asset management.
In December 2020, Mapbox announced the launch of Mapbox GLJS v2.0 to create 3D maps using new web SDK, GL JS v2. The strategic move assisted the creation of 3D maps with a Camera API for controlling the camera and view of the map that increases the map’s maximum pitch from 60 to 85 degrees and enables the map to simulate the sun’s position based on geographic location and time of day.
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