Three-Dimensional (3D) mapping and modeling technologies have been evolved to a great extent over the past few years. 3D mapping is a technology that creates 3D views of objects on computer screens. This type of technology is often used in modern computer programs to provide a life-like view of a place or thing on a map. As 3D mapping technology is evolving, demand for 3D mapping devices is also gaining traction. Portable GPS devices and high-end smart smartphones are now widely being used in order to assist end users to get accurate directions. These devices are equipped with small screens which provide 3D view of streets, hence providing the user an enhanced viewing experience. With the introduction of 3D televisions and 3D movies as in-home space, the demand for 3D mapping displays for navigation purposes is also increasing, hence surging the demand for 3D mapping solutions.
Browse 70 market data tables and 41 figures spread through 126 pages and in-depth TOC on “3D Mapping and 3D Modeling Market - Forecast to 2020"
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3D mapping and modeling solutions enable the users to view and develop models, 3D images without using special viewing equipment. This further negates the use of glasses and other visual accessories which were earlier used to view 3D graphics and models. Also, these technologies have made it much easier to create and access 3 dimensional geographic locations with greater texture and topographic accuracy. The increase in the demand for 3D-enabled devices such as 3D content supporting smartphones, tablets, and other bigger computing power mobile devices are driving the adoption of 3D technology such as 3D mapping. 3D acquisition devices and solutions are being provided by various major players in the market which further provides an impetus for the 3D mapping and modeling market.
Google, Apple, and Amazon are some of the key players who provide 3D mapping solutions to their end users. In this report, the 3D mapping and 3D modeling market has been segmented to understand and estimate the market opportunity for applications and business verticals. In addition, information on 3D-enabled devices has been discussed in this report which is one of the prime focus areas of 3D mapping companies so that they can make changes in their solutions according the upcoming 3D-enabled devices.
The market analyzes and forecasts the revenues across five different regions such as North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA), and Latin America. Also, in this report, we have discussed the applications of 3D mapping such as 3D projection mapping, and mapping and navigation. 3D projection mapping captured the majority market share followed by mapping and navigation during the forecast period.
Based on various industry verticals, we also observe that for 3D mapping, building and construction captures the major share; whereas for 3D modeling, healthcare captures the major share. Out of the five regions, North America is estimated to hold the largest market share of the market. This is mainly due to the widespread adoption of 3D technology to deliver enriched offerings to end users among all the major industries such as building and construction, media and entertainment, and healthcare. The 3D mapping and 3D modeling market in APAC, MEA, and Latin American region is expected to grow at a high growth rate during the forecast period.
The table given below highlights the market size. The overall 3D mapping and 3D modeling market size is expected to grow from USD 1.90 Billion in 2015 to USD 16.99 Billion by 2020, at an estimated Compound Annual Growth Rate (CAGR) of 55.0%.