3D Models Market Report Overview
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The global 3D models market size is expected to grow from USD 1192 Million in 2022 and market is projected to touch USD 4226.26 Million by 2031, at a compound annual growth rate (CAGR) of 15.1% during the forecast period.
The mathematical representation of something three-dimensional is called 3D modeling. Game developers, news agencies, architects, visual effects studios, advertisers, and creative professionals use 3D models to portray real-world and conceptual visuals for art. Download 3D models in 3Ds, max, c4d, maya, blend, obj, FBX formats with low poly, animated, rigged, game, and VR capabilities. As part of the 3D modeling process, sensors and scanners need to be supported. Today, 3D models are extremely important to the development of projects of all kinds, such as architecture, film, design, animation, 3D printing, and other applications. An object with a three-dimensional shape is a 3D model, which is a mathematical process represented in a mathematical way. The user can efficiently model the object with the help of specialized software in the field. Programs that recognize three-dimensional objects (3D models) can display them as images, or as 3D representations themselves, if specialized visualization software is used.
In several industries that require 3D models to advance their plans, 3D models seem like the future. As a result of a totally globalized and technologically advanced world, 3D models can contribute to the advancement of the modern world. A vision of entrepreneurs who wished to minimize the processes of developing models in real life has led to them. Making 3D models of parts and accessories is a significant use of 3D modelling systems in the manufacturing and automobile industries. As companies invest more to provide more advanced designs for different industry products, the 3D modeling system will grow.
COVID-19 Impact: Halt on Services to Hamper Market
As a result of COVID-19, the 3D models market growth has also been drastically affected. Due to lockdown conditions in major regions such as North America, Europe, and Asia Pacific, companies are slowing down production and investing in new products. The low return on investment is causing companies to reduce their investment in technologies. Increasing demand for advanced designs in the healthcare industry and automobile industry is likely to create future opportunities for 3D modeling systems. COVID-19 is projected to reduce demand for 3D modeling systems during the lockdown period for specific product designs as well.
Latest Trends
"Increase in the Usage of FBX Files to Drive the Market"
3D models saved in the Autodesk Filmbox format are FBX files. In addition to Autodesk applications, it can be used and shared across a variety of digital modeling and content creation programs. FBX files are often used by game developers and animators. In addition to its ability to handle textures, lighting, scene information, and more, the FBX format has a number of advantages for graphic designers. The FBX file format is also commonly used for animation and game development. However, FBX files can hold more information about models than OBJ files. Scene information and animations can be contained in these files, whereas OBJ files cannot.
3D Models Market Segmentations
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- By Type
The market is classified into 3ds max models, maya models, cinema 4d models, blender models, obj models, FBX models, and others based on type. The 3ds max models segment will lead the 3D models market share throughout the forecast period.
- By Application
The market is classified into film and television, retail, game, news media, advertising, architecture, defense, and others on the basis of application. The film and television segment will lead the 3D models market share throughout the forecast period.
Driving Factors
"Easy Modeling of 3D Models to Drive the Market"
Modeling in 3D usually has a shorter learning curve than modeling in reality. Due to the technology of the software, designers will be able to master it after a few months of practice.
"Increase in the Collaboration of Software Companies in 3D Modeling to Drive Market Growth"
In the 3D modeling and designing industry, software companies collaborate with other technologically advanced companies to consolidate their market position. 3D modeling solution providers are expected to benefit significantly from this trend in terms of revenue and customer base expansion, thereby driving the 3D models market growth.
Restraining Factors
"High Costs of Supporting Technologies of 3d Models to Restrain the Market"
Advanced technologies such as sensors and scanners are required to use the 3D modeling system. The high cost of supporting technologies restrains the market for 3D modeling systems. Technology advancements in 3D mapping have occurred with time. The user-experience must also be enhanced in addition to providing HD-quality 3D content. The acquisition of 3D content data from acquisition devices, such as scanners and lasers, requires additional costs. In addition, it raises the cost of the technology as a whole.
3D Models Market Regional Insights
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"North America to Dominate the Market Owing to the Expansion of Technologies"
During the forecasted period, North America is expected to dominate the 3D models market. As a result of growing demands for a realistic virtual experience by users, small and medium enterprises will adapt to the new technology to provide better experiences and retain customers. As well, the already established companies are expected to play a key role in driving the growth of the market in the region.
As a result of its considerable adoption of 3D modeling software's tools across a variety of industries including healthcare, government, defense, and construction, Europe is expected to be at the second position in terms of market share and market size for the forecast period. The construction industry is expected to contribute significantly to the forecasted growth.
Key Industry Players
"Key Players Focus on Partnerships to Gain a Competitive Advantage "
Prominent market players are making collaborative efforts by partnering with other companies to stay ahead of the competition. Many companies are also investing in new product launches to expand their product portfolio. Mergers and acquisitions are also among the key strategies used by players to expand their product portfolios.
List of Market Players Profiled
- TurboSquid (U.S.)
- Sketchfab (U.S.)
- CGTrader (Lithuania)
- Envato (Australia)
- 3DSkyHost (U.S.)
- Free3D
- Creative Market (U.S.)
- 3DExport (U.S.)
- Cubebrush (U.S.)
- FlippedNormals (U.K.)
- Blender Market (U.S.)
- Unity Asset Store (China)
- Unreal Marketplace (Epic Games) (U.S.)
- Hun3D (Czech Republic)
- 3DRT (U.S.)
- 3Delicious
- Highend3D (China)
- CGAxis (Poland)
- RoDev Market (Australia)
- Crytek (Germany)
Report Coverage
This research profiles a report with extensive studies that take into description the firms that exist in the market affecting the forecasting period. With detailed studies done, it also offers a comprehensive analysis by inspecting the factors like segmentation, opportunities, industrial developments, trends, growth, size, share, and restraints. This analysis is subject to alteration if the key players and probable analysis of market dynamics change.
REPORT COVERAGE | DETAILS |
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Market Size Value In |
US$ 1192 Million in 2022 |
Market Size Value By |
US$ 4226.26 Million by 2031 |
Growth Rate |
CAGR of 15.1% from 2022 to 2031 |
Forecast Period |
2023-2031 |
Base Year |
2022 |
Historical Data Available |
Yes |
Segments Covered |
Type and Application |
Regional Scope |
Global |
Frequently Asked Questions
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What value is the global 3D models market size expected to touch by 2031?
The global 3D models market size is expected to reach a value of USD 4226.26 million by 2031.
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What CAGR is the global 3D models market size expected to exhibit by 2031?
The global 3D models market size is expected to exhibit a CAGR of 15.1% by 2031.
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Which are the driving factors of the 3D models market?
Easy modeling of 3D models, and the increase in the collaboration of software companies in 3D modeling are some of the major driving factors of the 3D models market.
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Which are the top companies in the 3D models market?
The top companies in the 3D models market include TurboSquid, Sketchfab, CGTrader, Envato, 3DSkyHost, Free3D, Creative Market, 3DExport, and Cubebrush etc.