The global 3D mapping and modeling market size is expected to grow from USD 3.8 billion in 2020 to USD 7.6 billion by 2025, at a Compounded Annual Growth Rate (CAGR) of 15.0% during the forecast period.
High demand for 3D animation in mobile applications, games, and movies for the enhanced viewing experience, technological advancements in 3D scanners, 3D sensors, and the increasing availability of 3D content to drive the growth of market.
Stringent government regulations and lack of investments, and impact of COVID-19 on the global economy are one of the major challenges in the market. Moreover, Increasing corruption and piracy concerns and high technological and installation costs as one of the key restraining factor in the market.
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