3D Rendering Market 2020 Global Analysis, Opportunities and Forecast to 2025
Category: #technology  By Ronak Bora  Date: 2020-01-16
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3D Rendering Market 2020 Global Analysis, Opportunities and Forecast to 2025

3D rendering market is driven by the need to visualize future projects and modify accordingly to suit the growing demand in various sectors of the economy. 3D imagery facilitates precision and accuracy, thereby reducing cost and errors. Architectural 3D rendering service is strengthening the infrastructural development in emerging nations, thus improving the socio-economic conditions.

The global 3D rendering market share is proliferating at a commendable pace owing to increasing deployment of 3D technology across different business verticals along with rising need to adapt cost-effective manufacturing techniques to enhance productivity.

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In terms of application landscape, the product design and modelling segment of 3D rendering industry is expected to witness an annual growth rate of 23% over 2019-2025. 3D modelling converts 3D frames into 2D animation or images. The 3D rendering platforms for product designing and modelling are being used in various sectors like healthcare, automotive, electronic equipment, while three-dimensional training is being deployed for teaching, landscape designing in architecture and interior designing among others. Thus, the dynamic use of 3D technology for product design and modelling is positively influencing 3D rendering industry outlook.

The use of architecture 3D rendering has gained substantial momentum in the past few years owing to the rise in urbanization and the need to enhance the design in real time by making refinements and providing multiple versions of the design. The architectural rendering services allow three dimensional images showing the attributes of a proposed design. AutoCAD, Maxwell, SketchUp, Mental Ray are some of the widely used 3D rendering software by architectural companies. Thus, the growing demand for 3D technology in architecture and real-estate industry is steering 3D rendering market trends.

In terms of geographical expansion, the fast-growing automobile sector in APAC region has contributed immensely to the remuneration scale of the global 3D rendering market. With countries like India witnessing a 9.84% increase in domestic automobile production between the year 2018-2019, the need to carry out R&D in the automobile sector has become a need of the hour. Reportedly, the Asia Pacific rendering industry share is projected to exceed a CAGR of 24% over the forecast period.

3D car modelling allows the automotive sector to save time and cost linked to the manufacturing of vehicle parts along with accelerating design activity, enabling the technicians to develop a clear picture of the car and test it thoroughly even before the physical product is built. The burgeoning demand for 3D rendering services in the automobile sector to carry out product innovations is strengthening 3D rendering market outlook.

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The usage of 3D technology in the healthcare sector allows enhanced treatments thereby saving lives. The presence of 3D rendering platforms in various crucial industries would drive 3D rendering market share, which is projected to exceed USD 6 billion in terms of revenue by 2025.

Some Points From Table Of Content: -

Chapter 5. Global 3D Rendering Industry, By Component

5.1. Key trends, by component

5.2. Software

5.2.1. Market estimates and forecast, 2014-2025

5.2.2. On-premise

5.2.2.1. Market estimates and forecast, 2014-2025

5.2.3. Cloud

5.2.3.1. Market estimates and forecast, 2014-2025

5.3. Service

5.3.1. Market estimates and forecast, 2014-2025

Chapter 6. Global 3D Rendering Industry, By Organization Size

6.1. Key trends, by organization size

6.2. Large enterprise

6.2.1. Market estimates and forecast, 2014-2025

6.3. SME

6.3.1. Market estimates and forecast, 2014-2025

Chapter 7. Global 3D Rendering Market, By Application

7.1. Key trends, by application

7.2. Product design & modeling

7.2.1. Market estimates and forecast, 2014-2025

7.3. Animation

7.3.1. Market estimates and forecast, 2014-2025

7.4. Visualization & simulation

7.4.1. Market estimates and forecast, 2014-2025

7.5. Others

7.5.1. Market estimates and forecast, 2014-2025

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About Author

Ronak Bora

Ronak Bora    

A graduate in Electronics Engineering, Ronak writes for Technology Magazine and carries a rich experience in digital marketing, exploring how the online world works from a technical and marketing perspective. His other areas of interest include reading, music, and spo...

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