Press release
3D Mapping and 3D Modelling Market: Increasing Demand for 3D Solutions to Put North America at Forefront
Increasing Adoption of 3D Modelling to Plan Indoor Spaces to Boost Demand in Construction Industry
The global 3D mapping and 3D modeling market was valued at US$3.20 bn in 2015 and is anticipated to reach US$4.41 bn by the end of 2020, expanding at a CAGR of 6.4% from 2014 to 2020. Geographically, North America will continue to be the leading segment until 2020, representing 34.9% of the overall market revenue. The presence of a large number of key players and the increasing demand for 3D solutions provide a significant boost to the growth of the region. Asia Pacific will exhibit a CAGR of 6.9% during the same period.
Request a PDF Sample: http://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=1408
On the basis of end-user industry, the construction segment will continue to dominate the market until 2020, accounting for 27.4% of the overall market revenue. 3D mapping and 3D modelling are increasingly used by architects and builders as a cost and time effective solution for project planning. Interior decorators also use 3D mapping and 3D modeling to plan optimum indoor spaces. Owing to these factors, the segment is expected to rise at a CAGR of 8.0% during the forecast period.
Continuous Advancements in 3D Scanners and 3D Sensors to Bode Well for Market Growth
The 3D mapping and 3D modeling technology has evolved mainstream over the past few years. Devices used for 3D mapping and 3D modeling such as 3D scanners and 3D sensors find extensive application in industries such as entertainment, transportation, defense, healthcare, and construction. Therefore, technological advancements in these devices are likely to augur well for the growth of the market. Moreover, the increasing adoption of 3D mapping technology in multi-ray photogrammetry is augmenting the global 3D mapping and 3D modeling market. Furthermore, the rapid development of 3D geospatial techniques and convergence of tools such as geographical information system (GIS) and computer-aided design (CAD) are estimated to shape the future of the market.
Lack of Proper Format and Low Mapping Efficiency in Crowded Streets to Impede Market Growth
Despite the various advantages offered by 3D technology, a large number of end users are still using 2D software. The major concerns of companies operating in the market are software training and user productivity in terms of creating 3D maps and 3D models. Some other issues such as inadequate processor speeds and shortage of memory space are leading to slow regeneration time. Furthermore, with the existing technology, there is a difficulty in capturing images and locating mapping co-ordinates in highly crowded streets and densely populated areas. Until these technical issues are mitigated through research and development, they remain a significant challenge to the growth of the global 3D mapping and 3D modeling market.
About Us
Transparency Market Research (TMR) is a market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends 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. Our business offerings represent the latest and the most reliable information indispensable for businesses to sustain a competitive edge.
US Office Contact
90 State Street, Suite 700
Albany, NY 12207
Tel: +1-518-618-1030
USA - Canada Toll Free: 866-552-3453
Email: sales@transparencymarketresearch.com
Website: http://www.transparencymarketresearch.com
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release 3D Mapping and 3D Modelling Market: Increasing Demand for 3D Solutions to Put North America at Forefront here
News-ID: 401382 • Views: …
More Releases from TMR
Emerging Opportunities in Logistics Market with Current Trends Analysis
The global Logistics market is estimated to attain a valuation of US$ 15,273.21 Bn by the end of 2027, states a study by Transparency Market Research (TMR). Besides, the report notes that the market is prognosticated to expand at a CAGR of 4.5% during the forecast period, 2019-2027.
The key objective of the TMR report is to offer a complete assessment of the global market including major leading stakeholders of the…
Energy Measurement IC Market is expected to reach US$ 8.39 Bn by the end of 2031
According to a Transparency Market Research (TMR) research report, the global energy measurement ic market is likely to expand at a CAGR of 7.4% during the forecast period, 2022 to 2031. This suggests that the market is expected to reach US$ 8.39 Bn by the end of 2031.
The study on the energy measurement ic market adopts rigorous and systematic research approaches to understand the growth dynamic of the market. The…
STATCOM UPS Market to Register Double Digit Growth Rate of 16% CAGR by 2024
Over the last decade, rising number of industries and utilities are opting for static synchronous compensator or STATCOM UPS instead of static VAR compensator or SVC UPS. Low harmonic emission coupled with high speed of response is accentuating the expansion of India STATCOM UPS market now and in times to come. Playing a crucial role in voltage control and compensation of reactive power, STATCOM UPS is likely to keep its…
Thin Wafer Processing and Dicing Equipment Market US$692.5 mn by 2024 - TMR
Transparency Market Research (TMR) estimates that the global thin wafer processing and dicing equipment market has a highly consolidative landscape. Disco Corp. accounted for largest share of 56.4% in 2015 and likely to be dominant in the coming years. This is creating monopoly in the thin wafer processing and dicing equipment market in terms of competitive presence. The other key players such as EV Group, Plasma-Therm LLC, Lam Research Corp,…
More Releases for Increasing
Increasing Focus On Using Lightweight Materials Is Increasing Demand For Two Com …
Two Component Adhesives Market Overview
Two component adhesives are binding substances known for adhesions that are led by chemical reactions. These adhesives are sometimes recognized as reactive adhesives or structural adhesives.
To Get In-depth Information View Full Report – https://www.factmr.com/report/5376/two-component-adhesives-market
Two component adhesives are known for their fast curing, easy process due to their creamy consistency, flawless shine after mechanical polishing, high chemical and wear resistance, and high bonding power even at high…
Torso Model : increasing use of torso model in the medical industry, increasing …
Torso Model Market Overview
The torso or trunk is an anatomical name for the central part, or core, extending the neck and limbs. The torso includes the trunk's thoracic segment, the abdominal segment of the trunk, and the perineum. Human torso models are both complicated and rich in detail as the torso contains many vital organs. Doctors and medical instructors employ torso manikins to illustrate the complex structure and functions of…
Thyristor Market - The Increasing Demand From Increasing Population
Published: Oct, 2018
The global thyristor market was valued at US$ 4,035.0 Mn in 2017 and is projected to register compound annual growth rate (CAGR) of over 7.0% from 2018 to 2026, according to a new report published by Transparency Market Research (TMR) titled “Thyristor Market – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2018–2026.” The report suggests that the rising population and urbanization is likely to spur the…
Growth of the Global PVC Pipes and Fittings Market is Increasing With Increasing …
PVC Pipes and fittings are made from the polyvinyl chloride material. PVC pipes and fittings are manufactured by heating plastic resins and the molten resins are set to make desirable shapes and sizes. The PVC pipes and fittings are widely used in the various applications such as irrigation, building & construction, water supply, sewage management and others. PVC pipes and fittings are of various types such as rigid pipes and…
Thick Film Resistors Market - Increasing Consumer Spending And Increasing Global …
Resistor is a two-terminal electronic component that is used to resist or reduce the amount of current flowing in an electronic circuit. A resistor is diverse component which comes in variety of resistance values, sizes, shapes and types and these different types of resistors are used in different applications. Resistors can be broadly categorized as fixed resistors and variable resistors. Thick film resistor is one of the fixed resistors, these…
Increasing Health Sensitivity Among Consumers Is Boosted By Increasing Health Se …
SAN FRANCISCO, Nov. 09, 2017 Global Nutraceuticals Product Market size is expected to reach $340 billion by 2024 from $195 billion in 2016; growing at a CAGR of 7.2% from 2016 to 2024. By geography, Asia-Pacific and Rest of the World are expected to grow at a CAGR of 7.6% and 7.7%, respectively, during the forecast period.
Click Here to Request a Free Sample PDF of This Report @ https://www.variantmarketresearch.com/report-categories/food-beverages/nutraceuticals-market/sample-request
Increasing investments…
