The 3D mapping and modelling market in Europe is expected to grow from US$ 1,241.30 million in 2021 to US$ 3,233.41 million by 2028; it is estimated to grow at a CAGR of 14.9% from 2021 to 2028.
With the increasing 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, boost 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. DreamWorks Animation, The Walt Disney Company, Universal Studios Inc., Warner Bros. Animation, Pixar, and many major media and entertainment companies are using various 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 internet, coupled with the enhanced graphic processing power of smartphones, are among the other factors driving the growth of the market. The rising uptake of smartphone devices has also supported the mobile gaming industry, aiding the market.
With new features and technologies, vendors can attract new customers and expand their footprints in emerging markets. This factor is likely to drive the Europe 3D mapping and modelling market at a substantial CAGR during the forecast period.
Europe 3D Mapping and Modelling Market Segmentation
The Europe 3D mapping and modelling market is segmented on the basis of components, 3D mapping application, 3D modeling application, deployment type, organization size, vertical, and country. Based on components, the market is bifurcated into software tools and services. In 2021, the software tools segment held a larger share of the market; However, the and services segment is expected to register a higher CAGR during the forecast period. Based on 3D mapping application, the Europe 3D mapping and modelling market is segmented into inspection and measurement, object reconstruction, projection and navigation, reporting and virtualization, and others 3D mapping applications. In 2021, the projection and navigation segment held the largest market share; and the reporting and virtualization segment is expected to register the highest CAGR in the market during the forecast period. Based on 3D mapping application, the market is segmented into product marketing, animation and movies, gaming and designing, architectural rendering, and other 3D modelling applications. In 2021, the animation and movies segment held the largest market share; in 2021 and it is also expected to register the highest CAGR in the market during the forecast period. Based on deployment type, the Europe 3D mapping and modelling market is bifurcated into cloud and on-premises. In 2021, the on-premises segment held a larger share of the market; whereas the and cloud segment is expected to register a higher CAGR during the forecast period. Based on organization size, the market is divided bifurcated into SMEs and large enterprises. In 2021, the large enterprises segment held a larger share of the market; and SMEs is expected to register a higher CAGR during the forecast period. Based on vertical, the market is segmented into retail and consumer goods, engineering and construction, healthcare and life sciences, transportation and logistics, government and defense, energy and utilities, media and entertainment, manufacturing, and other verticals. In 2021, the engineering and construction segment held the largest market share. However, the and media and entertainment segment is expected to register the highest CAGR in the market during the forecast period. Based on country, the market is segmented into Germany, France, Italy, the UK, Russia, and Rest of Europe. In 2021, the UK held the largest market share; and Germany is expected to grow at the fastest CAGR during the forecast period.
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 are among the leading companies in the Europe 3D mapping and modelling market.
The Europe 3D Mapping and Modelling Market is valued at US$ 1,241.30 Million in 2021, it is projected to reach US$ 3,233.41 Million by 2028.
As per our report Europe 3D Mapping and Modelling Market, the market size is valued at US$ 1,241.30 Million in 2021, projecting it to reach US$ 3,233.41 Million by 2028. This translates to a CAGR of approximately 14.9% during the forecast period.
The Europe 3D Mapping and Modelling Market report typically cover these key segments-
The historic period, base year, and forecast period can vary slightly depending on the specific market research report. However, for the Europe 3D Mapping and Modelling Market report:
The Europe 3D Mapping and Modelling Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
The Europe 3D Mapping and Modelling Market report is valuable for diverse stakeholders, including:
Essentially, anyone involved in or considering involvement in the Europe 3D Mapping and Modelling Market value chain can benefit from the information contained in a comprehensive market report.