3D Mapping and Modeling Market - Forecasts from 2018 to 2023
Global 3D mapping and modelling market is projected to witness the growth at a CAGR of 21.75% during the forecast period to reach a total market size of US$17.292 billion by 2023, increasing from US$5.310 billion in 2017. 3D mapping is a solution that helps to build 3D maps of the surroundings with accuracy and details. 3D modelling is defined as a process of developing a 3D surface of any object or place by using specialized software. 3D mapping and modelling enable the users to view 3D images without the use of special equipment and easily create and access 3D geographic locations with greater texture and topographic accuracy. Increasing demand for 3D-enabled and 3D-supporting devices such as smartphones, tablets, and other mobile devices are augmenting the demand for 3D mapping. Growing media and entertainment industry is a key market segment owing to the use of 3D mapping for real-world images and 3D modelling for merging 3D effects. Growth in aging population and increasing number of chronic disease patients is escalating the demand for 3D mapping and 3D modellingsolutions by the healthcare industry as the technology is used to map human anatomy and helps in the surgery processes.
Geographically, Europe will witness the significant growth of 3D mapping and 3D modelling market during the forecast period due to a booming automotive industry which uses the technology for the assembly line and prototype. Growing healthcare industry, as well as rising building and construction activity in the region, will further propel the regional market growth in the coming years. However, the growth of 3D mapping and modelling market will be hindered due to lack of awareness among end-users and requirement of huge initial investment, especially in developing countries.
This research study examines the current market trends related to the demand, supply, and sales, in addition to the recent developments. Major drivers, restraints, and opportunities have been covered to provide an exhaustive picture of the market. The analysis presents in-depth information regarding the development, trends, and industry policies and regulations implemented in each of the geographical regions. Further, the overall regulatory framework of the market has been exhaustively covered to offer stakeholders a better understanding of the key factors affecting the overall market environment.
Identification of key industry players in the industry and their revenue contribution to the overall business or relevant segment aligned to the study have been covered as a part of competitive intelligence done through extensive secondary research. Various studies and data published by industry associations, analyst reports, investor presentations, press releases and journals among others have been taken into consideration while conducting the secondary research. Both bottom-up and top down approaches have been utilized to determine the market size of the overall market and key segments. The values obtained are correlated with the primary inputs of the key stakeholders in the 3D mapping and modelling value chain. Last step involves complete market engineering which includes analyzing the data from different sources and existing proprietary datasets while using various data triangulation methods for market breakdown and forecasting.
Market intelligence is presented in the form of analysis, charts, and graphics to help the clients in gaining faster and efficient understanding of the 3D Mapping and Modeling market.
Major industry players profiled as part of the report are MAXON Computer, Autodesk Inc., The Foundry Visionmongers, and Apple Inc. among others.
3D mapping and modelling market has been analyzed through following segments:
By End-Use Industry
Aerospace and Defense
Media and Entertainment
Middle East and Africa