3D Modeling, 3D Visualization, and 3D Data Capture Market

3D Modeling, 3D Visualization, and 3D Data Capture Market – Growing Drilling Activities
And Digitization Of The Oil And Gas Industry
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.
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. These
software are 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.
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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.

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