The Global 3D Mapping and Modeling Market, valued at USD 4.5 billion in 2023, is projected to reach USD 616.35 billion by 2030, boasting a remarkable Compound Annual Growth Rate (CAGR) of 18.5% during the forecast period.
3D mapping and modeling market involve the technique of creating and visualizing objects in 3D dimensions. Mapping is used to generate 3D views of objects, while modeling utilizes specialized software to develop 3D models of desired objects.
The market’s robust growth is driven by various factors, including the increasing adoption of 3D-enabled display devices for enhanced navigation, technological advancements in 3D scanners and sensors, a surge in demand for 3D animation in mobile applications, games, and movies, and the growing availability of 3D content. Additionally, the emergence of Artificial Intelligence (AI) and Machine Learning (ML) technologies is expected to fuel demand for 3D content accuracy, presenting lucrative growth opportunities in the 3D mapping and modeling market.
Industries such as construction, automobiles, transportation, healthcare, and entertainment are among the key sectors leveraging 3D mapping and modeling technologies. The market is poised to benefit from technological advancements and the widespread availability of 3D equipment such as sensors, scanners, and GPS components.
In May 2022, Golden Software, a provider of low-cost 2D and 3D scientific modeling software, announced updates to its Surfer software. These enhancements include new and improved 3D features, making it easier for Surfer users to explore, display, and analyze complex 3D data with newly available capabilities as well as those in Beta development.
Amidst the challenges posed by the COVID-19 pandemic, industry players are adopting collaborative applications, offering AI security solutions, and advanced analytics to drive market revenue. These strategic initiatives are aimed at capitalizing on growth opportunities while navigating the evolving landscape of the 3D mapping and modeling market.
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