Global 3D Modeling, 3D Visualization, and 3D Data Capture Market- Snapshot

According to a new market report published by Transparency Market Research titled “Global 3D Modeling, 3D Visualization, and 3D Data Capture Market 2018–2026,” the global 3D Modeling, 3D Visualization, and 3D Data Capture market is expected to reach US$ 1,077.1 Mn by 2026, expanding at a CAGR of 3.8% from 2018 to 2026. North America held a prominent share of the market in 2017 and is projected to be at the forefront of global demand 

3D Modeling, 3D Visualization, and 3D Data Capture solutions include both software as well as services offered by software and service providers to the upstream, mid-stream, and downstream oil and gas industry. 3D modeling solutions are modeling and designing software used for 3D designing of refinery plants, piping systems, grid systems etc. These solutions include both CAD and BIM software. 3D visualization solutions are mainly rendering tools and solutions that help the engineers with better visualization of a plant or infrastructure.3D data capturing solution help in capturing and analyzing the data released from sensors, laser scanners etc. These solutions help oil and gas companies to minimize risks and errors which in turn positively impacts the oil and gas projects by reducing overall time and cost of a project 

3d modeling 3d visualization and 3d data capture market

AR/VR based application segment to expand rapidly during the forecast period 

TMR believes that AR/VR based applications that largely include training and marketing activities is expected to grow at an exponential rate from the year 2019. The reason for this is investment in new technologies by oil and gas companies as well as need to reduce or minimize the fatality rate in the oil and gas industry.

3D data capturing solution segment to be a major revenue generating segment by2026

3D data capturing solutions are expected to be deployed/used across all major oil and gas companies in the coming years. The operators use a number of sensors across the upstream, mid-stream, and downstream industry. These sensors generate lot of data that can be beneficial for the company to take effective decisions and thus reduce mismanagement in the project. In order to effectively use these data, data capturing solutions are being used that can capture and analyze the real-time data (generated from various installed sensors) and can therefore help the operators (oil and gas company) to take efficient decisions related to upgrading and replacement of plant equipment. 3D data capturing solutions are offered both as a software that can be directly deployed by the oil and gas company or as a service that the oil and gas company can avail from service providers.

North America held substantial share in the overall market in 2017

Based on geography, the global 3D Modeling, 3D Visualization, and 3D Data Capture market has been divided into North America, South America, Europe, Asia Pacific, the Middle East, and Africa. North America is expected to hold a prominent share and account for more than 30% of the global market in 2026, followed by Europe. The growth in the North America market is due to greater adoption of these solutions to effectively conduct exploration, development, production, and transportation of oil and gas. The U.S holds the larger market share in the North America region due to substantial drilling activity as well expected increase in CAPEX. The market in Asia Pacific is expected to grow at a faster rate globally due to digital transformation in Thailand, India, Australia, Vietnam, and Malaysia among others. The Middle East is also a prominent contributor to the growth of the market.  Some of the key Middle East countries are Saudi Arabia, UAE, Kuwait, and Oman. Also, after privatization in Brazil’s oil and gas industry, big oil and gas private players are investing in the country, thus driving the growth of the market in Brazil.

Major players operating in the global 3D Modeling, 3D Visualization, and 3D Data Capture market are AAM Pty Ltd., AVEVA Group plc, Bentley Systems, Incorporated, EON Reality Inc., Esri Canada, Goontech, ImageMaker Advertising Inc., Intergraph Corporation, Josen Premium, Mechdyne Corporation, and Solid Terrain Modeling, Inc. These players are continuously focusing on R&D activity in order to provide the most efficient and affordable solutions to oil and gas companies.

Global 3D Modeling, 3D Visualization, and 3D Data Capture Market: Overview 

The report on the global 3D Modeling, 3D Visualization, and 3D Data Capture market provides analysis for the period between 2016 and 2026, wherein 2016 is the base year, and 2018 to 2026 is the forecast period. Data for 2016 has been included to provide historical information. The study provides a comprehensive analysis of the expansion of the market during the forecast period in terms of revenue estimates (in US$ Mn), across different geographies. The report covers market dynamics including drivers, restraints, opportunities, and trends expected to influence the expansion of the global 3D Modeling, 3D Visualization, and 3D Data Capture market during the said period. Technologies that are playing a major role in driving the global 3D modeling, 3D Visualization, and 3D Data Capture market have been considered in the study. 

The report also coverskey industry developments, Porter’s Five Force analysis which identifies bargaining power of suppliers, bargaining power of buyers, threat from new entrants, threat from substitutes, and degree of competition in the market. Ecosystem analysis which identifies key stake holders in the 3D Modeling, 3D Visualization, and 3D Data Capture market is covered in the report. 

Global 3D Modeling, 3D Visualization, and 3D Data Capture Market: Scope of the Report 

The 3D Modeling, 3D Visualization, and 3D Data Capture market has been segmented based on various applications. The 3D visualization market is bifurcated on the basis of its application into AR & VR (training, marketing etc.), safety and training, marketing & sales animation, post production, product and process, and transportation. The product and process application is further bifurcated into operation procedure for drilling wells, casing installation, cementation process, and oil and gas extraction and refining process. The 3D modeling market is also segmented based on various application areas. These applications include structural designing, integrated analysis & material take-off reports, equipment designing, equipment modeling, and intelligent grid. The structural designing application is further divided into piping, civil/foundation, and HVAC ducting. Equipment modelling is further divided into vessels, pumps, launchers/receivers, and others. The 3D modeling market is also segmented on the basis of solution type. These solutions include CAD and BI solution. The 3D data capture market is divided based on various application areas including 3D laser scanning (static), 3D handheld scanner, 3D aerial scanning, and sensors.Geographically, the report classifies the global market into North America, Europe, Asia Pacific (APAC), Middle East & Africa (MEA), and South America; the regions are analyzed in terms of revenue generation. Furthermore, region-wise prominent countries covered in the report include the U.S, Canada, U.K., Germany, Cyprus, Turkey,Japan, China, India, GCC countries, South Africa, and Brazil. 

Global trends have also been added in the study. Additionally, the report covers segment-wise comparison matrix, market attractiveness analysis, and market share of key players for all regions covered in the scope of study. 

Comparison matrix includes segment growth matrix, 2016– 2026 (%), segment revenue contribution, 2016 - 2026 (%), and segment compound annual growth rate (CAGR, %). Market attractiveness identifies and compares attractiveness of segments based on CAGR and market share index across North America, Europe, Asia Pacific, the Middle East, Africa, and South America. 

Global 3D Modeling, 3D Visualization, and 3D Data Capture Market: Research Methodology

Secondary research sources typically include, but are not limited to company websites, annual reports, financial reports, broker reports, investor presentations, and SEC filings, internal and external proprietary databases, and relevant patent and regulatory databases, national government documents, vendorswhitepapers, statistical databases, and market reports, news articles, press releases, and webcasts specific to companies operating in the market.

Primary research involves e-mail interactions, telephonic interviews, and face-to-face interviews for each market, category, segment, and sub-segment across geographies. We conduct primary interviews on an ongoing basis with industry participants and commentators in order to validate the data and analysis. Primary interviews provide first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook, etc. These help us to validate and strengthen secondary research findings. These also help develop the analysis team’s market expertise and understanding. 

Global 3D Modeling, 3D Visualization, and 3D Data Capture Market: Competitive Dynamics

Furthermore, the report includes competition landscape which comprises competition matrix, market positioning of major players in the market based on their 2017 revenues, and profiles of major players. Competition matrix benchmarks leading players on the basis of their capabilities and potential to grow. Market position, offerings, and R&D focus are attributed to a company’s capabilities. Factors including top line growth, market share, segment growth, infrastructure facilities, and future outlook are attributed to a company’s potential to grow. This section also identifies and includes various recent developments carried out by the leading players operating in the market. 

Company profiling includes company overview, major business strategies adopted, SWOT analysis, and market revenues between 2016 and 2018. The global players profiled in the report include AAM Pty Ltd., AVEVA Group plc., Bentley Systems, Incorporated, EON Reality Inc., Esri Canada, Goontech, ImageMaker Advertising Inc., Intergraph Corporation, Josen Premium, Mechdyne Corporation, and Solid Terrain Modeling, Inc. 

Market Segmentation 

3D Visualization Market Analysis, by Application 

  • AR & VR (Training, Marketing etc.)
  • Safety and Training
  • Marketing & Sales Animation
  • Post Production
  • Product and Process
    • Operational Procedures for Drilling Wells
    • Casing Installation
    • Cementation Processes
    • Oil and Gas Extraction
    • Refining Processes
  • Transportation 

3D Modeling Market Analysis, by Solution 

  • 3D CAD Modeling
  • 3D BIM Model 

3D Modeling Market Analysis, by Application 

  • Structural Designing
    • Piping
    • Civil/ Foundation
    • HVAC Ducting
  • Integrated Analysis & Material Take-off Reports
  • Equipment Designing
  • Equipment Modeling
    • Vessels
    • Pumps
    • Launchers/ Receiver
    • Others
  • Intelligent Grid

3D Data Capturing Market Analysis, by Application 

  • 3D Laser Scanning (Static)
  • 3D Handheld Scanners
  • 3D Aerial Scanning
  • Sensors

3D Modeling, 3D Visualization, and 3D Data Capture Market Analysis, by Country/Region

  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • North Europe
      • UK
      • Germany
    • South Europe
      • Turkey
      • Cyprus
    • Rest of Europe
  • Asia Pacific
    • Japan
    • China
    • India
    • Rest of Asia Pacific
  • Middle East
    • GCC
    • Rest of Middle East
  • Africa
    • South Africa
    • Rest of Africa
  • South America
    • Brazil
    • Rest of South America
.