3d Modeling Market Report

Market Insights

The 3D Modeling market size was estimated to grow from USD 2.316 billion in 2021 to USD 6.33 billion by 2028 at a CAGR of over 15.49% during the forecast period.

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What is 3D Modeling?

3D Modeling can be referred to as a technology which is used to build 3D environments. It is a time-saving method and helps computer-generated files to get a crisp view of the landscape, project, or construction site. A 3D model enables to understand an architect the need of material and the expected cost of the project. The technology enables to understand the company in the visualization of the prototype of the project.

Key Players

The key players operating in the 3D modeling market are-

• Alphabet (US)
• Autodesk (US)
• Bentley Systems (US)
• Vricon (US)
• Airbus (France)
• Trimble (US)
• Intermap Technologies (Canada)
• CyberCity 3D (US)
• Esri (US)
• Topcon (Japan)

Market Dynamics

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• Lack of appropriate technologies, tools, or systems in the past few years, obtaining 3D data was a tough task.
• The development of 3D material has gained popularity owing to the emergence of 3D technology viewing.
• It has led to the development of various 3D mapping technologies which can map 3D content in the environment.
• Mobile gadgets, such as tablets, smartphones, and notebooks, are all equipped with the 3D modeling technology, which boosts the market growth in the coming years.

Segment Analysis

Application Trends

The market has been classified into inspection and measurement, object reconstruction, projection and navigation, reporting and virtualization, and others. Under these, the projection and navigation segment held a significant market share in 2021. 3D-based projection & navigation is a rapidly advancing technology that helps to convert 3D points to a 2D plane and adds animation to static & structured objects, which boosts segment growth.

Regional Trends

The North American market held the highest market share in 2021 and is projected to grow at a healthy CAGR during the forecast period. This is ascribed to the growing adoption of cloud and IoT, rising use of the web, and surging demand for realistic virtual views of 3D products for marketing purposes by small & medium businesses and government bodies, which bolsters the regional market growth during the review period.

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COVID-19 Impact on the Market

The COVID-19 pandemic has moderately affected the industry. Due to the slowdown of hardware supply as well as reduced manufacturing capacity, IT infrastructure growth has significantly slowed down. Businesses offering software tools & services are also expected to slow down for a short span of time thus affecting the demand for 3D modeling, amid the pandemic.

Critical Questions Answered in the Report

• What are the key trends in the?
• How the market (and its various sub-segments) has grown in the last five years and what would be the growth rate in next five years?
• What is the impact of COVID-19 on the market?
• What are the key strategies adopted by the major vendors to lead in the 3D modeling market?
• What is the market share of the top vendors?

Target Audience

The target audience of 3D Modeling market includes-

• 3D Modeling companies
• 3D Modeling distributors
• 3D companies
• Government organizations

Report Features

This report provides intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into the dynamics and will enable strategic decision making for the existing players as well as those willing to enter the market.

The following are the key features of the report:

• Overview, industry life cycle analysis, supply chain analysis
• Environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
• Trend and forecast analysis
• Segment trend and forecast
• Competitive landscape and dynamics: Market share, product portfolio, Technology launches, etc.
• Attractive segments and associated growth opportunities
• Emerging trends
• Strategic growth opportunities for the existing and new players
• Key success factors.

Research Methodology

• This report offers high-quality insights and is the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools.
• More than 1,000 authenticated secondary sources, such as company annual reports, fact book, press release, journals, investor presentation, white papers, patents, and articles have been leveraged to gather the data.
• We conducted more than 10 detailed primary interviews with the companies across the value chain in all four regions and with industry experts to obtain both the qualitative and quantitative insights.

Report Customization

With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:

Company Profiling

• Detailed profiling of additional market players (up to 3 players)
• SWOT analysis of key players (up to 3 players)

Segmentation

• Current market segmentation of any one of the technology types by component type.  

Competitive Benchmarking

• Benchmarking of key players on the following parameters: Technology portfolio, geographical reach, regional presence, and strategic alliances.

Custom Research: Stratview research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry at sales@stratviewresearch.com.