3D Mapping And Modelling Market Size, Share, Growth Analysis, By Application(Object Reconstruction, 3D Projection, Navigation, Virtualization), By Industry(Government, Aerospace, Defense, Automotive), By Region - Industry Forecast 2024-2031

Global 3D Mapping And Modelling Market size was valued at USD 4.51 billion in 2019 and is poised to grow from USD 5.28 billion in 2023 to USD 15.65 billion by 2031, growing at a CAGR of 14.5% in the forecast period (2024-2031).

One of the main factors propelling the market expansion is the rising need for 3D mapping and modelling in the construction industry. The growing demand for 3D mapping and modelling solutions is also fueled by several industries, including the medical, civil, and automotive sectors. The use of 3D mapping and modelling in the planning of streets, buildings, and spans, as well as its growing integration with augmented reality applications, has maintained demand high. The sales of the 3D mapping and modelling market have also been impacted by the entertainment and gaming end-uses. During the forecast period, rising 3D animation demand for application in smart technologies would also help to boost 3D mapping and modelling revenue.

Due to the demand for individualised maps and open-source navigation, more applications of 3D mapping are anticipated in the upcoming years. Expanded use of 3D mapping has sparked interest in driverless cars, metros, and other vehicle frameworks, which has fueled the development of the 3D modelling and mapping industries. Other factors influencing the market include the escalating demand from the application sector brought on by the increased popularity of 3D entertainment (movies, games, and entertainment), as well as the introduction of 3D show devices. The development and widespread use of 3D gear, such as sensors, scanners, and other GPS components, is anticipated to drive the 3D mapping and modelling market.

US 3D Mapping And Modelling Market is poised to grow at a sustainable CAGR for the next forecast year.