Albany, NY -- (SBWIRE) -- 01/25/2016 -- According to a new publication by Transparency Market Research (TMR), "3D Mapping and 3D Modeling Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2014 - 2020", the global 3D mapping and modeling market will reach US$4416.5 million by 2020. Displaying a 6.4% CAGR from 2014 to 2020, the market will grow from its 2013 valuation of US$2916.8 million.Increasing use of mobile devices with navigation and mapping technologies such as geographical information system (GIS) and geographical positioning system (GPS) is driving demand for 3D mapping, as per TMR analysts' findings. 3D mapping depicts objects with a three-dimensional view on the computer screen. Due to the convenience offered by this, 3D mapping is used across industry verticals such as construction, automobile, healthcare, transportation, and entertainment. In the healthcare sector, 3D mapping is used to view and understand human anatomy, which helps diagnosed and treat medical conditions.

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Increasing demand for high-resolution, high-precision 3D geospatial data has augmented use of mobile mapping systems, which are further used for 3D city modeling. Advancement in 3D instruments such as 3D scanners, GPS components, and 3D sensors will demand higher precision and quality from the mapping industry, thus pushing solution providers to roll out novel 3D mapping solutions. This will collectively drive the 3D mapping and 3D modeling market.Both 3D mapping and 3D modeling technologies are extensively used in the construction sector. 3D models are used for schematics and 3-dimensional view of buildings, in both new construction and restructure of ancient buildings, castles, and forts. 3D models are also used for simulation analysis such as natural disasters and traffic control. The entertainment industry uses 3D mapping and 3D modeling technology to produce 3D representations of visual content such as movies and video games. The technology is also used to create 3D views or other virtual cinematography of sensitive locations, such as those of accidents or crimes, using 3D scanners.

The multi-ray photogrammetry 3D mapping technology, which offers appropriate data and processing technique for mapping objects, is likely to note rising traction in the coming years. In the automobile sector, among the many applications, designing truck, cars, and other vehicles are major applications areas of 3D mapping and 3D modeling technology. Lack of a properly established format and inadequate specialized software training for 3D mapping and 3D modeling in comparison to 2D software is a major factor inhibiting growth of the 3D mapping and 3D modeling market.By application, mapping and navigation technology dominated the market in 2013 and accounted for 45.1% of total revenue in the global 3D mapping and modeling market. The segment is further expected to experience the highest growth in the coming years.

In the advertising industry, projection mapping is increasingly finding demand, being economical for both cost and time of advertising. Development of highly advanced mapping and navigation systems for applications such as driverless cars will fuel the 3D mapping and modeling market in the coming years.Moreover, integration of mapping and navigation system into electronic devices such as smart phones, laptops, tablets, and notebooks, which are currently witnessing high adoption rate, will aid growth of the 3D mapping and 3D modeling market.

The market has been segmented as follows:

Global 3D Mapping Market Revenue, by Application
3D Projection Mapping
Mapping and Navigation
Others

Global 3D Mapping and Modeling Market Revenue, by End-User Industry
Video Entertainment
Construction
Automobile
Healthcare
Transportation
Others (Retail, Advertisement, Defense and Public Safety)

Global 3D Mapping and Modeling Market Revenue, by Geography
North America
Europe
Asia Pacific
Rest of the World (RoW)?

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About Transparency Market Research (TMR)
Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company's exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR's experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.