3D Rendering and Visualization Software Market size is projected to reach 3.5 Billion USD by 2026 from an estimated 1.5 Billion USD in 2019, growing at a CAGR of 20% globally.
Users can generate images from a model using 3D Rendering and Visualization Software, which is used in a variety of applications ranging from engineering to simulations to video games and television. The final step in the animation process is to render the 3D model, which involves using visual effects including texture mapping, shading, and reflections. The market for efficient 3D rendering solutions is being driven by developments in 3D modeling and evolving virtual reality/augmented reality technologies. Growing industry rivalry has driven companies to use 3D models to better envision their products, giving them a competitive advantage in a fast-paced market.
The demand for 3D Rendering and Visualization Software is booming, due to the growing use of 3D modeling by real estate companies. Customers and stakeholders will imagine the interiors and exteriors of a construction project more appealingly thanks to 3D modeling. Furthermore, the rising growth of online gaming and increased use of digital media in the wake of the COVID-19 outbreak has boosted industry demand. Rendering engines are widely used in game development and animation production.
The 3D Rendering and Visualization Software Market is segmented by Type (Stand-Alone, Plugin, Others), by Application (Industrial Manufacturing, Architecture and Engineering, Medical and Healthcare, Entertainment and Media, Aerospace and Defense, Others). The market is further analyzed on the basis of regional analysis and divided into major regions like North-America, Latin America, Asia-Pacific, Europe and MEA.
Further Key Findings from the Report Suggest
- The software segment accounted for the majority of the 3D Rendering and Visualization Software market share and is expected to continue to expand. The growing popularity of advanced visual effects like texture mapping, shading, reflections, shadows, and motion blurs has increased the demand for 3D rendering solutions.
- The visualization and simulation segment dominated the market and is expected to do so in the coming years. Product visualization and simulation aid the product designer in identifying design flaws before the manufacturing process, resulting in improved product results.
- Asia Pacific 3D Rendering and Visualization Software market held a significant portion of the market. The adoption of rendering solutions to enhance the game experience for both serious and casual players is a trend in the industry.
Key Participants like Pixar, NVIDIA, AUTODESK, Solid Angle, NextLimit, Robert McNeel, cebas, Otoy, Advent, Chaos Group, Bunkspeed(3ds), LUXION(KeyShot), Lumion, SolidIRIS.
For this report, Introspective Market Research have segmented the 3D Rendering and Visualization Software markets market on the basis of Region:
Regional Outlook (Revenue in USD Million; Volume in Units, 2019-2026)
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of Asia-Pacific
- Middle East & Africa
- Saudi Arabia
- South Africa
- Rest of MEA
- Latin America
- Rest of LATAM