Market Insights
The 3D modeling market was estimated at USD 2.316 billion in 2021 and is likely to grow at a CAGR of 15.49% during 2022-2028 to reach USD 6.33 billion in 2028.
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.
COVID-19 Impact
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.
3D Modeling Market Report Highlights
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Market Size in 2021
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USD 2.316 billion
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Market Size in 2028
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USD 6.33 billion
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Market Growth (2022-2028)
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15.49% CAGR
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Base Year of Study
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2021
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Trend Period
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2016-2020
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Forecast Period
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2022-2028
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Key Players
The key players operating in the market are-
Market Dynamics
The major factors driving the growth of the 3d modeling market are-
- 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 3D modeling technology, which boosts the market growth in the coming years.
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Segment Analysis
By Application Type
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 Insights
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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Critical Questions Answered in the Report
- What are the key trends in the market?
- How the market (and its various sub-segments) has grown in the last five years and what will be the growth rate in the 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 market?
- What is the market share of the top vendors?
Market Segmentation
This report studies the market covering a period of 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision-making and growth strategy formulation based on the opportunities present in the market.
The 3D modeling market is segmented into the following categories.
By Deployment Mode Type
By Application Type
- Inspection and Measurement
- Object Reconstruction
- Projection and Navigation
- Reporting and Virtualization
- Others
By End-Use Type
- Retail and Consumer Goods
- Engineering and Construction
- Healthcare and Life Sciences
- Transportation and Logistics
- Government and Defence
- Energy and Utilities
- Media and Entertainment
- Manufacturing
- Others
By Region
- North America (Country Analysis: The USA, Canada, and Mexico)
- Europe (Country Analysis: Germany, France, The UK, Russia, and the Rest of Europe)
- Asia-Pacific (Country Analysis: China, India, Australia, South Korea, and the Rest of Asia-Pacific)
- Rest of the World (Country Analysis: Saudi Arabia, Brazil, and Others)
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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.
What Deliverables Will You Get in this Report?
Key questions this report answers
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Relevant contents in the report
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How big is the sales opportunity?
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In-depth Analysis of the 3D Modeling Market
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How lucrative is the future?
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Market forecast and trend data and emerging trends
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Which regions offer the best sales opportunities?
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Global, regional, and country-level historical data and forecasts
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Which are the most attractive market segments?
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Market Segment Analysis and Forecast
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Which are the top players and their market positioning?
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Competitive landscape analysis, Market share analysis
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How complex is the business environment?
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Porter’s five forces analysis, PEST analysis, Life cycle analysis
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What are the factors affecting the market?
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Drivers & challenges
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Will I get the information on my specific requirements?
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10% free customization
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Research Methodology
This report offers high-quality insights and is the outcome of a 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 books, press releases, journals, investor presentations, 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 qualitative and quantitative insights.
Report Customization Options
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 deployment types by end-use 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 to sales@stratviewresearch.com.