3D Mapping and 3D Modeling Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2014 – 2020
Albany, NY -- (SBWIRE) -- 12/08/2015 -- 3D mapping and 3D modeling is a technology that allows users to view simulations or content in 3D, just as it would appear in real life. Since this experience comes close to an actual one, it is used to a great extent in the video entertainment industry for creating action games and movies that seem as though the user or viewer is actually in that virtual space. 3D mapping and 3D modeling is also used to a large extent in the transportation industry, the automation industry, the construction industry, and the healthcare industry.
According to research analysts at Transparency Market Research, the global 3D mapping and modeling market was valued at US$2,916.8 million in 2013 and is expected to grow at a CAGR of 6.4% during the forecast period. In the past few years, the global 3D mapping and 3D modeling market has experienced a huge leap in terms of demand due to increasing usage of 3D maps and 3D models.
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This market has also seen great technological innovations and developments with 3D sensors, 3D scanners, and geographical positioning systems. Additionally, use of 3D mapping and modeling technology in smartphones, personal navigation devices (PNDs), and gaming consoles has driven mapping enterprises such as Google Maps and Here Maps to come up with better solutions. However, issues related to format such as STL file format, which misleads the user about the size of the object, is an inhibiting factor for the global 3D mapping and 3D modeling market.
The global 3D mapping and 3D modeling market is segmented on the basis of application, end-user industry, and geography. The application segment of the global 3D mapping and 3D modeling market includes 3D projection mapping, mapping and navigation, and others. In terms of end-user industry, the global 3D mapping and 3D modeling market consists of the video entertainment industry, which itself has been growing due to increasing use of 3D televisions in developed nations and in emerging economies owing to rising disposable incomes. This segment also includes the construction industry, the healthcare industry, the automobile industry, the transportation industry, and others such as defense and public safety, retail, and advertisement. Geographically, the global 3D mapping and 3D modeling market is segmented into regions such as North America, Asia Pacific, Europe, and Rest of the World.
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Out of these segments, the construction industry dominated the global 3D mapping and 3D modeling market in 2013 and is expected to retain its position in the coming five years. If the global construction industry grows as per expectations, at a CAGR of 8.0% from 2014 and 2020, it will definitely contribute significantly to this market. 3D mapping and 3D modeling is used in the construction industry for visualization of the models and sites before commencing a project. Thus, as governments across the globe plan new smart cities, it will drive the growth of the global 3D mapping and 3D modeling market. On similar notes, the transportation and automobile industries will also add to the growth of the 3D mapping and 3D modeling market, with navigation systems leading the path.
Amongst the geographical segments, North America held the largest chunk of the global 3D mapping and modeling, at 36.5% in terms of revenue in 2013. As the demand for high resolution and accurate 3D geospatial data increases in this region, it has led to a considerable surge in 3D mapping solutions for developing 3D city models. These solutions form an integral part of urban planning as they offer visualizations for future construction projects, restructuring of old buildings, forts, castles, and projects how they will fit into newer landscapes and cityscapes. Additionally, 3D mapping and modeling technology is used to gain a deeper understanding of natural disasters and traffic permutations with simulations. Owing to these reasons, the global 3D mapping and 3D modeling market is poised to be a soaring success in North America in the coming few years.
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Some of the major companies in the global 3D mapping and 3D modeling market are Autodesk, Inc, Lightwave 3D, Maxon Computers GmbH, The Foundry Ltd, Pixologic, Inc, Blender, Bentley Systems Incorporated, Softree Technical Systems Inc., Apple Inc., 3D-Coat, Airbus Defence and Space. According to research analysts, Autodesk led the global 3D mapping and 3D modeling market in 2013 with the biggest market share.
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