Primary Drivers and Key Restraints
The global 3D mapping and 3D modeling market can touch the valuation of USD 6 billion by 2023, suggests Market Research Future (MRFR). The market is projected to attain a lucrative CAGR of 26% during the forecast period (2017-2023).
3D mapping & 3D modeling refers to the process that involves creating and viewing objects with the use of 3D techniques. While mapping is used for creating 3D views of objects, modeling helps in creating a 3D model of the object backed by specialized software. Types of 3D modeling methods are splines, polygonal modeling, primitive modeling, patches, and Non-uniform rational basis spline (NURBS) modeling.
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3D mapping & 3D modeling has a number of applications across diverse industries such as automobile, construction, healthcare, entertainment, and transportation. The main application of 3D mapping and 3D modeling in the automation industry involves designing vehicles like trucks and cars. Moreover, in healthcare, the technique is used for studying the human body, as it gives an amplified view of the body parts. 3D mapping & 3D modeling also finds widespread use in the construction industry, for drawing a 3D view of a building or construction site. These techniques in the entertainment sector are used for creating animated models of games or movies, in addition to providing a virtual view of cinema.
Innovations along with easy availability of 3D equipment like scanners, sensors, and other GPS components can benefit the 3D mapping & 3D modeling market as well. On top of that, the rising use of 3D geospatial data in various mobile apps and smartphones could induce business growth in the coming years.
The top companies that form the global 3D mapping and 3D modeling market are Autodesk, Inc. (U.S), the Blender Foundation (the Netherlands), Aerolion (U.S.), Apple, Inc. (U.S.), Trimble Inc., (U.S.), Intermap Technologies (U.S.), Topcon Corporation (Japan), Cybercity 3D, Inc. (U.S), Esri (U.S), Applied EarthWorks, Inc. (U.S.), Mitsubishi Motors Corporation (Japan), Google, Inc. (U.S.), Saab Automobile AB (Sweden), Airbus Defence and Space SAS (France), Pixologic, Inc. (U.S.), Udemy Inc. (U.S.), to mention a few.
Scape Technologies is set to use 3D mapping for city-scale augmented reality applications. The 3D maps will be used for 100 cities, backed by the data collected by cameras with computer vision.
The worldwide 3D mapping and 3D modeling market has been segmented with respect to application and verticals.
Applications covered in the report are 3D projection mapping, 3D mobile mapping, mapping and navigation, 3D laser mapping, 3D video mapping, 3D texture mapping, and others.
The verticals segment consists of automotive, transport and logistics, defense and public safety, construction, healthcare, retail, aviation and space, media and entertainment, and others.
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The 3D mapping and 3D modeling market is spread across the primary regions of Asia Pacific (APAC), North America, Europe, as well as the rest of the world (RoW).
North America is touted to be one of the most lucrative markets for 3D mapping and 3D modeling. The region is increasingly embracing these technologies backed by the rising demand for better surveillance as well as construction activities like utilize projection mapping for building 3D maps and models. The region has A highly stable economy, which gives it an edge over other regions find the use of 3D mapping and 3D modeling software in diverse fields. The robust demand for 3D mapping and 3D modeling solutions in the region is the result of the thriving entertainment industry coupled with the strong demand for mobile mapping systems. The well-established building and construction industry in the region also boosts demand for the 3D mapping and 3D modeling market.
In Europe, demand for 3D mapping and 3D modeling solutions has escalated, mostly in the military, defense and aerospace sectors. With the rising need for situational awareness among several domains for constant monitoring and surveillance programs, the regional market is bound to have a profitable run during the review period. With the surge in the number of driverless cars, metros as well as other transport systems in the region, the adoption of 3D mapping can increase significantly in the coming years.
The APAC market can achieve the fastest growth rate during the evaluation period, as per MRFR analysis. China stands as the biggest economy, abuzz with a hose of economic activities that are based on manufacturing. Large-scale infrastructure and construction activities have boosted the adoption of 3D mapping and 3D modeling in the region. Japan is counted among the most advanced manufacturing countries in the world and is noted for high adoption of modern technologies like robotics and 3D printing. Further, New Zealand and Australia are highly profitable markets for 3D mapping and 3D modeling in the region, since they consist of huge industrial groups associated with mining and manufacturing.
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