3D Modeling Market Growth Analysis | 2024-2030

Market Insights

The 3D modeling market was estimated at USD 3.1 billion in 2023 and is likely to grow at a CAGR of 15.33% during 2024-2030 to reach USD 8.44 billion in 2030.

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Market Dynamics

Introduction

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 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.

Market Drivers

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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Key Players

The key players operating in the 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)

Note: The above list does not necessarily include all the top players in the market.

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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 2023. 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 2023 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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Research Methodology

• This strategic assessment report from Stratview Research provides a comprehensive analysis that reflects 3d modeling market realities and future market possibilities for the forecast period.
• The report segments and analyzes the market in the most detailed manner in order to provide a panoramic view of the market.
• The vital data/information provided in the report can play a crucial role for market participants as well as investors in the identification of the low-hanging fruits available in the market as well as to formulate growth strategies to expedite their growth process.
• 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 15 detailed primary interviews with market players across the value chain in all four regions and industry experts to obtain both qualitative and quantitative insights.

Report Features

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

• Market structure: Overview, industry life cycle analysis, supply chain analysis.
• Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis.
• Market trend and forecast analysis.
• Market segment trend and forecast.
• Competitive landscape and dynamics: Market share, Service portfolio, New Product Launches, etc.
• COVID-19 impact and its recovery curve
• Attractive market segments and associated growth opportunities.
• Emerging trends.
• Strategic growth opportunities for the existing and new players.
• Key success factors.

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

• Cloud
• On-premise

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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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.