According to a recent report by Reports and Data, the global market for 3D Modelling is projected to reach USD 104.19 Billion in 2030 and register a revenue CAGR of 20.9% over the forecast period.
The utilization of 3D Modelling technology has been on the rise due to its numerous advantages, including the ability to replicate parts and components with ease, improved analysis, and more informed decision-making, among other benefits.
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3D Modelling technology has found widespread applications in industrial operations. This technology helps industry professionals efficiently handle quality control processes and record data from industrial equipment that has sensors and other Internet of Things (IoT) devices embedded in them.
The growing popularity of Computed Tomography (CT) scans in the medical industry has also contributed to the increased demand for 3D Modelling technology. CT scans use x-rays to capture data and images of objects that are difficult to see with the naked eye. Advanced 3D Modelling software tools are utilized to create cross-sectional images of body parts from the x-ray scans, making it easier for doctors and patients to analyze the cause of medical conditions.
The report identifies key players in the 3D Modelling market, including Autodesk Inc., Trimble Inc., Dassault Systèmes, Adobe, General Electric Company, Pix4D SA, Bentley Systems, Incorporated, Maxon Computer GmbH, Able Software Corp., and Esri. It segments the global market based on application, deployment mode, end-use, and region.
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In 2021, the 3D modeling segment held the largest share of revenue, while the cloud segment dominated the deployment mode segment. The healthcare and life sciences segment accounted for the highest revenue share in the end-use segment, and the North American market led the global market in terms of revenue in 2021.
The increasing demand for 3D modeling in North America is primarily driven by the presence of numerous healthcare facilities, where medical professionals use 3D modeling for analyzing critical illnesses and disorders. Additionally, the region's governments' investments in research and development, coupled with the market's prominent players like Autodesk Inc., Trimble Inc., among others, contribute to the growth of the 3D modeling market.
On March 15, 2022, Dentsply Sirona, a global manufacturer of professional dental products and technologies, headquartered in Pennsylvania, U.S., launched a Primeprint 3D printer and post-processing unit. The printer is equipped with a 385nm light engine, allowing dentists to produce precise models and guides easily. The printer is integrated with Google Cloud services, making it simple for users to digitize their workflow while accessing high-quality 3D dental visualizations as needed.
In conclusion, the 3D modeling market is anticipated to grow significantly during the forecast period, driven by its increasing demand in various industries such as healthcare, media entertainment, automotive, and aerospace defense. The market is highly competitive, with leading market participants such as Autodesk Inc., Trimble Inc., and Dassault Systèmes. The North American market dominated in 2021 due to the region's vast healthcare facilities and increasing investments in research and development activities.
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