Loading, Please Wait...

CST: 17/11/2019 14:40:02   

3D Modeling, 3D Visualization, and 3D Data Capture Market to Reach US$ 1,077.1 Mn by 2026, Noted TMR

206 Days ago

3D Modeling, 3D Visualization, and 3D Data Capture Market: 3D Data Capturing Solution Segment to be a Major Revenue Generating Segment by 2026

Albany, NY, April 25, 2019 (GLOBE NEWSWIRE) -- The global 3D Modeling, 3D Visualization, and 3D Data Capture market was valued at US$ 775.3 Mn in 2017 and is expected to expand at a CAGR of 3.8% from 2018 to 2026, according to a new report published by Transparency Market Research (TMR) titled “3D Modeling, 3D Visualization, and 3D Data Capture Market – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2018–2026.” North America is expected to hold the dominant revenue share, with the market in the region expanding at a CAGR of above 3.5%. The global 3D Modeling, 3D Visualization, and 3D Data Capture market is mainly driven by growing drilling activities as well as digitization of the oil and gas industry.

Browse Research Report - https://www.transparencymarketresearch.com/3d-modeling-3d-visualization-and-3d-data-capture-market.html  

Growing drilling activities and digitization of the oil and gas industry driving the demand for 3D Modeling, 3D Visualization, and 3D Data Capture

The 3D Modeling, 3D Visualization, and 3D Data Capture market is expected to expand at a CAGR of 3.8% during the forecast period 2018-2026. The 3D Modeling market includes both software as well as services offered by software providers and service providers. Software vendors operating in the market of 3D modeling solutions include providers of various computer aided design (CAD) software and building information modeling (BIM) software. This software is used across the upstream, mid-stream, and downstream oil and gas industry for pipeline designing and refinery plant designing. Service providers operating in this market largely provide readymade design (designed by their team) based on client requirement. The 3D visualization market also includes software as well as services offered to oil and gas companies. 3D visualization tools are essentially the rendering design software which is created after modeling the product/ infrastructure. The 3D data capture market includes data capturing solutions as well as services offered in the market. 3D data capture solutions help oil and gas companies to capture as well as analyze data in real-time. The data released from various sensors and laser scanning tools are efficiently analyzed which in turn helps the oil and gas companies to take effective decisions.

Request to View Sample of Report at https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=62214

Increasing drilling activity, improving oil and gas processes, and digital transformation of the oil and gas industry expected to play an important role in the expansion of the 3D Modeling, 3D Visualization, and 3D Data Capture market

The 3D Modeling, 3D Visualization, and 3D Data Capture market is driven by improvement in global oil and gas prices as well as expected improvement in capital expenditure (CAPEX) of major oil and gas companies. Also, oil and gas companies are undergoing digital transformation that includes investment in AR/ VR technology, use of Big Data analytics for efficient decision making, and investment in cyber-security solutions. The 3D visualization market is divided on the basis of its application areas. These application areas include 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 modeling is 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 BIM solution. The 3D data capture market is divided on the basis of various application areas including 3D laser scanning (static), 3D handheld scanner, 3D aerial scanning, and sensors.

Request PDF Brochure of Report at https://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=62214

Use of 3D visualization solutions and 3D data capturing solutions for AR/ VR (for training, marketing etc.) application and for sensor application respectively is expected to grow in the coming years

Application of 3D visualization in AR/VR solutions is expected to grow during the forecast period. More and more oil and gas companies are expected to invest in AR/ VR based solutions for training and marketing purposes. AR/VR based solutions are preferred to reduce fallibility as well as injury rate, which in turn is projected to drive the growth of 3D visualization solutions. Similarly, application of 3D data capturing solutions for sensors is expected to increase. On an average, an offshore rig has 30,000 sensors that generate data. However, less than 2% of the data is used for decision making. Most of the data remains un-analyzed. Therefore, 3D data capturing solutions are expected to be used rigorously by majorly upstream oil and gas companies in order to make efficient use of such data.

Request for Custom Research at https://www.transparencymarketresearch.com/sample/sample.php?flag=CR&rep_id=62214

North America dominance of the 3D Modeling, 3D Visualization, and 3D Data Capture market projected to continue

In terms of geography, the 3D Modeling, 3D Visualization, and 3D Data Capture market is segmented into five regions namely, North America, South America, the Middle East, Africa, Asia Pacific, and Europe. Among these, North America is expected to hold the largest share of more than 30% of the market, by2026. Continuous investment in such solutions is the major driving factor for the strong growth of the 3D Modeling, 3D Visualization, and 3D Data Capture market in North America.

Major players operating in the global 3D Modeling, 3D Visualization, and 3D Data Capture market 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. These players are focusing on acquisitions and strategic collaborations in order to increase their market share in the global 3D Modeling, 3D Visualization, and 3D Data Capture market.

Request For Discount On This Report: https://www.transparencymarketresearch.com/sample/sample.php?flag=D&rep_id=62214

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
      • U.K
      • Germany
    • South Europe
      • Turkey
      • Cyprus
    • Rest of Europe
  • Asia Pacific
    • Japan
    • China
    • India
    • Rest of Asia Pacific
  • The Middle East
    • GCC
    • Rest of Middle East
  • Africa
    • South Africa
    • Rest of Africa
  • South America
    • Brazil
    • Rest of South America

Browse More IT & Telecom Market Research Reports

Popular Report by TMR:

About Us

Transparency Market Research is a next-generation market intelligence provider, offering fact-based solutions to business leaders, consultants, and strategy professionals.

Our reports are single-point solutions for businesses to grow, evolve, and mature. Our real-time data collection methods along with ability to track more than one million high growth niche products are aligned with your aims. The detailed and proprietary statistical models used by our analysts offer insights for making right decision in the shortest span of time. For organizations that require specific but comprehensive information we offer customized solutions through adhoc reports. These requests are delivered with the perfect combination of right sense of fact-oriented problem solving methodologies and leveraging existing data repositories.

TMR believes that unison of solutions for clients-specific problems with right methodology of research is the key to help enterprises reach right decision.”

Contact

Mr. Rohit Bhisey
Transparency Market Research
State Tower
90 State Street,
Suite 700,
Albany, NY - 12207
United States
Tel: +1-518-618-1030
USA - Canada Toll Free: 866-552-3453
Email: sales@transparencymarketresearch.com
Website: https://www.transparencymarketresearch.com
Research Blog: https://tmrblog.com/

Is your business listed correctly on America’s largest city directory network of 1,000 portals?