The global 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 2018–2023. The market will se an exponential growth after the complete adoption of 3D and VFX technology. North America is the most matured region in using these technologies and APAC region is adopting to the 3D viewing experiences to grow at a faster pace.

By 3D Mapping Application, the 3D Mapping Application Market has been segmented as follows: Inspection and Measurement, Object Reconstruction, 3D Projection and Navigation, Virtualization, disaster, infrastructure, asset, and property management. By 3D Modeling Application, the 3D Modeling Application Market has been segmented as follows: Product Marketing, Animation and Movies, Game and Object Design, Architectural Rendering, simulation, sculpting, painting, and visualization.

Increasing need for VFX technology in movies, 3D applications in games, and use of 3D imaging in mapping are major growth factors for the 3D mapping and modeling market. Increased availability of 3D content, superior 3D viewing experience and increased return on marketing spend will further drive the market.

China is the largest economy whose major economic activity is based on manufacturing. Large-scale construction and infrastructure activities are key to the rising adoption of 3D mapping and modeling. Japan is one of the leading manufacturing countries in the world. It is adopting advanced technologies such as robotics and 3D printing to improve productivity and efficiency. Australia and New Zealand are key countries in this region with developed economies. They have large industrial groups related to mining and manufacturing. Some of the emerging economies in APAC are also adopting 3D mapping and modeling technologies on a large scale which is evident from the fact that one of the leading universities in Malaysia developed a 3D software model to enable utility, telecommunications, and pipeline companies to accurately retrieve information, such as pipeline depth, intersection, and distances.

By application, animation, and movies segment to grow at the highest CAGR during the forecast period in the 3D mapping and modeling market. The demand for 3D modeling technology is augmented in the film industry, as it makes a noticeable impression on the industry by providing the finest animation practices. 3D full-length movies have increased the need for 3D modeling, which helps artists and animators develop detailed models of objects, including characters, landscapes, buildings, and more, to be used in animated films. There are many 3D modeling products and solutions available in the market that help create realistic 3D models and special effects for animation and movies.

Construction and engineering segment to hold a significant market share during the forecast period. The 3D mapping and modeling technology helps computer-generated buildings to be created along with landscapes. CAD and 3D modeling techniques are time-saving and help get a succinct view of the project, landscape, or construction site. The final output to be constructed can be seen in terms of its length, breadth, and height using the 3D technology, and with realistic 3D virtualization, simulations with extensive details of the building can be observed to measure its feasibility. A typical 3D architectural model comprises images and documents that help an architect concoct about its requirements in terms of materials, thereby estimating an approximate cost of the building. 3D visualization also helps to find potential flaws and loopholes in the building well in advance before its construction, thereby helping save funds, time, and most importantly human lives.