3D Mapping & 3D Modeling Market worth $7.7 Billion by 2018

According to a new market research report “3D Mapping Market: Global Advancements, Business Models, Technology Roadmap, Forecasts and Analysis (2013 – 2018)“, the 3D mapping and 3D modeling market is expected to reach $7.7 billion by 2018 at a CAGR of 47.9% from 2013 to 2018.

According to the announcement, 3D mapping technology is one of the fastest and most complete ways to build 3D-environments in the market today. 3D mapping solutions enabled the user to swiftly build three-dimensional maps of the surroundings with supreme accuracy and clarity, ready to plug into professional visualization systems. With investments towering up for 3D maps applications to be introduced to smartphones, market players such as Nokia, Samsung and other smartphone companies have indicated string interest in this market. The 3D-enabling devices like sensors, cameras, scanners, GPS components, and other acquisition devices create huge potential in this market. The improvised 3D experience on smartphones, tablets, notebooks, PCs, cars, etc. is set to revolutionize the mobile device market and other GPS-enabled device market by broadening the horizons for the users to locate things easily using any device.

The report stated that the 3D mapping and 3D modeling total market is expected to grow from $1.1 billion in 2013 to $7.7 billion by 2018, at an estimated Compound Annual Growth Rate (CAGR) of 47.9% from 2013 to 2018. North America, the first mover in the 3D mapping and modeling market, is expected to remain as the major market by 2018. Meanwhile, we also observe the Asia Pacific (APAC) and Middle East and Africa (MEA) regions to grow at a significant rate, mainly driven by opportunities in countries such as China and India. In 2013, Europe is expected to account for about 33.1% of the global market, and is expected to grow at a CAGR of 43.2% from 2013 to 2018. APAC is estimated to be a $1.6 billion market by 2018; at a CAGR of 66.38% 2013 to 2018. The market players include Tier 1 companies such as Google, Apple, Amazon, Saab and Hover.

The report provides an in-depth analysis of the various industry verticals such as healthcare, automotive, transport and logistics, aviation and space, building and construction, defense and public safety, retail, others. It also analyzes the emerging trends in the 3D mapping and 3D modeling market across geographies.

The past decade witnessed a giant leap in various industries, with 3D technology being implemented in various electronic devices and other objects. The need for 3D mapping arose after an attempt to make 2D maps more advanced and look more real. This was done by introducing sensors, cameras, scanners, GPS components, and other acquisition devices to capture the real time 3D images which are created into models incorporated into maps. This type of technology is often used in modern computer programs to provide a lifelike view of a place or thing on a map.

Portable GPS devices use 3D mapping technology to provide automated directions. These devices have small screens that display a three-dimensional view of roads and maps. This is a good tool for people who travel or go for hiking to unfamiliar areas because the device uses satellites to pinpoint its exact location. Building schematics are blueprints used for the construction of houses. 3D mapping technology is often used to create construction schematics. This tool makes it easy to draw a three-dimensional version of a house plan. These plans are typically used to get building permits and construction material before any building starts.

The improvised 3D experience in smartphones, tablets, notebooks, PCs, cars, etc. is set to revolutionize the mobile device market and other GPS-enabled device market by broadening the horizons for the users to locate things easily using any device. This report looks at the various applications of 3D modeling and mapping applied in various business verticals. It analyzes the challenges and opportunities for 3D mapping and modeling as well as its impact in the marketplace. The report also gives insights into the global adoption trends, key market players, future scope, drivers, and restraints in the market, along with growth potential across different geographies. It also analyzes various factors that will drive and restrain the market over the next 5 years.

Scope of the Report

This report segments the 3D modeling and mapping market by applications, business verticals, 3D-enabled devices, 3D-enabling devices, and geographies. The market forecasts in terms of revenues for all the segments and unit shipment forecasts are provided for the 3D-enabled device segment.

On the basis of applications:

The market by application type in 3D mapping is classified into 3 segments:

• 3D projection mapping,
• Mapping and Navigation
• Other applications (3D mobile mapping, 3D laser mapping, 3D texture mapping, 3D video mapping, etc.)

On the basis of Business verticals:

The 3D modeling and 3D mapping market by verticals is classified on the basis of 7 segments:

• Healthcare
• Automotive, Transport and Logistics (ATL)
• Aviation and Space
• Building and Construction
• Defense and Public safety
• Retail
• Others

On the basis of 3D devices market:

The 3D Modeling market by 3D-enabled device unit shipments is classified on the basis of 4 segments:

• 3D-enabled smartphones
• 3D-enabled tablets
• 3D-enabled notebooks
• Other 3D-enabled devices

We have analyzed other 3D devices (3D sensors, 3D cameras, 3D displays, GPS components) in terms of market attractiveness.

On the basis of geographies:

The report segments the market geographically into

• North America
• Latin America
• Europe
• Middle East & Africa (MEA)
• Asia Pacific (APAC)

Each section provides market data, market dynamics (drivers, restraints, trends and opportunities), key players, and competitive outlook. This report provides 100+ market tables covering all sub-segments and micro-markets. In addition, the report provides 20 company profiles representing various sub-segments.