Report : South & Central 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 12.3% CAGR, the South & Central America 3D Mapping and Modelling Market is speculated to be worth US$ 701.35 million by 2028, says Business Market Insights
According to Business Market Insights’ research, the South & Central America 3D mapping and modelling market was valued at US$ 195.44 million in 2021 and is expected to reach US$ 414.29 million by 2028, registering an annual growth rate of 11.5% from 2021 to 2028. Fostering adoption of cloud solutions for high scalability and flexibility and heighten technological advancements in 3d mapping and modelling tools.
Cloud computing has been driving the transformation of modern workplaces in all major industry verticals, such as retail, construction, manufacturing, logistics, media, and entertainment, by enhancing security and delivering high scalability and flexibility, thus, accelerating the development of innovative solutions and services for improved end user experience. In addition to this, cloud-based solutions also facilitate easy scalability, lower operating costs, high operational flexibility, faster visibility, and updates to enterprises while reducing costs and operational risks. The continuously evolving cloud architectures and integration of advanced features in cloud solutions are further fueling the adoption of these solutions in diverse end-use industries. For instance, Dassault Systemes continues to market SOLIDWORKS xDesign, its flagship cloud solution, while Autodesk's Fusion360 is the fourth most popular 3D CAD system. Siemens also continues to promote their solid cloud CAD tool, Solid Edge. Cloud deployment is also an attractive option for companies due to benefits, such as need-basis payment, regular data backup, high security, fast updates, comparatively low capital and operations costs, and instant provisioning features. Moreover, the complex and high installation & maintenance costs associated with on-premise solutions is further driving companies to adopt cloud-based solutions. Thus, scalability, easy deployment, operational flexibility, a high level of security, and affordability are the key factors expected to propel the uptake of cloud-based 3D mapping and modelling solutions among enterprises in the coming years.
On the contrary, inadequacy skilled workforce and supporting infrastructure hurdles the growth of South & Central America 3D mapping and modelling market.
Based on component, the South & Central America 3D mapping and modelling market is divided into software tools and services. The software tools segment held 78.9% market share in 2021, amassing US$ 154.19 million. It is projected to garner US$ 321.49 million by 2028 to expand at 11.3% CAGR during 2021–2028.
Based on 3D mapping application, the South & Central 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 27.0% market share in 2021, amassing US$ 27.30 million. It is projected to garner US$ 55.99 million by 2028 to expand at 11.0% CAGR during 2021–2028.
Based on 3D mapping application, the South & Central 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 movies segment held 36.2% market share in 2021, amassing US$ 19.23 million. It is projected to garner US$ 41.76 million by 2028 to expand at 11.9% CAGR during 2021–2028.
Based on deployment type, the South & Central America 3D mapping and modelling market is birfucated into cloud and on-premises. The on-premises segment held 70.1% market share in 2021, amassing US$ 137.10 million. It is projected to garner US$ 279.58 million by 2028 to expand at 10.9% CAGR during 2021–2028.
Based on organization size, the South & Central America 3D mapping and modelling market is segmented into SMEs and large enterprises. The large enterprises segment held 58.1% market share in 2021, amassing US$ 113.64 million. It is projected to garner US$ 231.81 million by 2028 to expand at 10.9% CAGR during 2021–2028.
Based on vertical, the South & Central 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 22.0% market share in 2021, amassing US$ 43.00 million. It is projected to garner US$ 96.38 million by 2028 to expand at 12.4% CAGR during 2021–2028.
Based on country, the South & Central America 3D mapping and modelling market has been segmented into Brazil, Argentina, and Rest of SAM. Our regional analysis states that Brazil captured 67.1% market share in 2021. It was assessed at US$ 131.05 million in 2021 and is likely to hit US$ 288.76 million by 2028, exhibiting a CAGR of 12.2% during the forecast period.
Key players dominating the South & Central 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; and Apple Inc. among others.
- In November 2019, Trimble has announced that Trimble Clarity is now available as a stand-alone web application which helps in simplifying the navigation and visualization of 3D data. Trimble Clarity allows geospatial professionals to use, view and share 3D point cloud data, meshes and models.
- In April 2022, At the SPAR International 3D Measurement and Imaging Conference, Topcon Positioning Group will showcase their newest edition 3D mobile mapping device, the IP-S3. To provide high-density mobile digital photography, the system integrates an inertial measurement unit (IMU) and a GNSS receiver with the vehicle's onboard electronics.
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