Increasing adoption of 3D technology across multiple industry verticals for catering to the growing demand for emerging applications, ranging from shape analysis, 3D mapping, and 3D modeling, among others, has given rise to the development of 3D mapping and 3D modeling software that can gauge shapes in real-time.

- The 3D-enabling devices, such as cameras, sensors, scanners, global position system (GPS) satellite components, and other 3D content acquisition, create huge potential across the market.

- Moreover, with significant investments ongoing for 3D maps applications to be integrated with smartphones, market players, such as Samsung, Nokia, and other OEMs, are entering this market. Online web services providers, such as Amazon Inc. and Microsoft Corp., among others, have also started offering 3D maps on their platforms. For instance, Parrot, a prominent player catering in wireless devices for mobile phones, has positioned its consumer drones for 3D modeling, mapping, and agricultural uses.

- Amid the ongoing outbreak of COVID-19 across the world, the healthcare sector is increasingly adopting robots that use 3D mapping and modeling technology. For instance, The Milagrow Humanoid ELF, an India-based robotics company, mentioned of testing Ai-powered robots iMap9 and Humanoid ELF in the COVID-19 ward of AIIMS. The iMap9 is a floor disinfecting robot that can navigate and sanitize the floors without any human intervention. It used 3D mapping technology for floor cleaning.

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Key Market Trends

Building and Construction to Witness Significant Growth

- Due to fast-paced infrastructural development in various developing regions across the world, there seems to be a constant up-gradation when it comes to building designs and architectural requirements.

- Moreover, the architectural industry has been growing considerably, except for current temporary setback in the context of COVID pandemic, with an increasing number of new architectural firms entering the market with innovative designs and software thereby providing better services such as enhancement in urban planning which is expected to increase the demand for upgraded design technology involving 3D models, and high-end designing software.

- 3D mapping helps in geolocation and making building models of construction sites, buildings, and structures that allow architects to design, plan, and manage site logistics. For instance, Zmapping, a London-based company, provides 3D models to creates some of the most detailed and accurate context 3D city models for architects, local authorities, and master planners.

- Rapid urbanization is resulting in the increased development of infrastructure, thereby resulting in increased demand for 3D technologies. The development of smart cities in India and China is expected to boost the need for 3D mapping and modeling software.

North America to Hold Significant Share

- Various vendors in the autonomous driving market are gaining investments, which is expected to drive the demand for these solutions. For Instance, Nuro, a company based in Mountain View, California, announced that it had raised USD 940 million in financing from the SoftBank Vision Fund. The company announced that it would use the new financing to expand its delivery service to new geographies, for the addition of new partners, scale its fleet, extend and mature its self-driving technology, and significantly grow its team.

- The US media and entertainment industry is considered to have a significant share in the world. The rising number of 3D movies and animated movies, which is one of the major users of this technology and the rising adoption of 3D gaming across the region, is continuously increasing the demand for the 3D mapping and 3D modeling market.

- According to a recent survey of construction stakeholders in the United States, conducted by the International Trade Administration, United States, it is estimated that the country has witnessed a 14% gain in the number of companies willing to build 60% of their projects as green projects by the end of 2018. This is expected to create a scope for the market.

Competitive Landscape

The 3D Mapping and Modeling market is fragmented in nature and consists of several major players. In terms of market share, few of the major players currently dominate the market. Major players include Autodesk Inc., Saab AB, Golden Software LLC, among others.

- April 2020 - Autodesk released 3Ds Max 2021 version. The latest version from the company focuses on rendering and textures by leveraging the improvements in performance. The version also added support for python 3, scriptable baking, and more focus on CAD-related workflows and interoperability with Autodesk’s CAD tools such as AutoCAD and Revit.

- December 2020 - Autodesk announced a release of Maya 2020. The new version is featured with new animation, rendering, effects, modelling, and rigging advancements to empower artists throughout the production pipeline.

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