According to the new market research report "3D Mapping and Modeling Market by Component (3D Mapping & 3D Modeling), Application (3D Projection & Navigation, Product Marketing), Vertical (Media & Entertainment, Construction & Engineering), and Region - Global Forecast to 2023", The 3D mapping and modeling market size is expected to grow from USD 2.8 billion in 2018 to USD 6.5 billion by 2023, at a Compound Annual Growth Rate (CAGR) of 18.0% during the forecast period.
Increasing use of 3D animation in mobile applications, games, and movies; advancements of 3D scanners, 3D sensors, and other acquisition devices; increasing availability of 3D content; and advent of 3D-enabled display devices are the major factors driving the growth of the 3D mapping and modeling market.
Report Objectives
• To define, describe, and forecast the 3-Dimensional (3D) mapping and modeling market by component, application, vertical, and region
• To provide detailed information about major factors (drivers, restraints, opportunities, and industry-specific challenges) influencing the market growth
• To analyze growth opportunities in the market and provide details of the competitive landscape for stakeholders and market leaders
• To forecast the market size of the segments with respect to 5 main regions, namely North America, Europe, Asia Pacific (APAC), Middle East and Africa (MEA), and Latin America
• To profile the key players and comprehensively analyze their market rankings and core competencies1
• To analyze competitive developments, such as new partnerships, new contracts, and new product developments, in the 3D mapping and modeling market
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Recent Developments
• In December 2018, Autodesk acquired PlanGrid and developed complementary construction software. Autodesk’s BIM 360 construction management platform connects the people, data, and workflows on construction projects.
• In November 2018, Vricon partnered with a major US telecommunications company, to accelerate 5G rollouts across the US. The company will use Vricon’s high-resolution 3D geodata to support large-scale 5G telecommunications network planning and design.
• In June 2018, Bentley Systems acquired Synchro Software, headquartered in London, leader (and the market creator) in 4D construction modeling software, for scheduling and project management.
• In February 2018, Trimble launched new mobile mapping solution name “Trimble MX9”. The application is specially designed for transportation infrastructure planning, as-built surveying, GIS mapping, and asset management.
• In January 2018, Google released a new version of the desktop version of Google Earth Pro version 7.3.1. This new version 7.3.1 represents some significant work by Google to add bug fixes, performance and feature improvements, and security upgrades.
The major vendors in the 3D mapping and modeling market are Vricon (US), Airbus (Netherlands), Autodesk (US), Bentley Systems (US), Alphabet (US), Trimble (US), Intermap Technologies (US), Esri (US), CyberCity 3D (US), Topcon (Japan), Dassault Systèmes (France), Adobe (US), Pix4D (Switzerland), Pixologics (US), Flight Evolved (US), MAXON (Germany), Onionlab (Spain), The Foundry Visionmongers (UK), Mitsubishi Electric (Japan), and Apple (US). These players have adopted various growth strategies, including partnerships, agreements, collaborations, and new product launches, to further expand their presence in the global 3D mapping and modeling market. New product launches, partnerships, agreements, and acquisitions have been the most favored strategies adopted by major players from 2016 to 2018, which helped them offer innovative products and broaden their customer base.

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