Growth at a CAGR of 20.94% in the 3D mapping and 3D Modelling Market during the forecast period 2018 – 2023| Major Players - APPLE INC., AIRBUS DEFENCE AND SPACE, GOOGLE LLC, AUTODESK INC., TRIMBLE INC., CYBERCITY 3D INC., amongst others

Market Analysis:

United States to Hold a Lion’s Share of the Market
United States boasts of a strong automotive sector buoyed by the presence of major players and technologically advanced capabilities. The huge volume of adoption of connected vehicles in the United States clearly outlines a growing trend of connected cars, which proportionately pushes the need for better and enhanced navigation capabilities, thereby, driving the market growth.

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3D mapping & modeling technologies are one of the fastest ways to build 3D environments in the highly demanding market. 3D mapping solutions quickly creates 3D maps of the surroundings with utmost clarity and accuracy, ready to plug into professional visualization operations. Major investments ongoing for 3D maps applications to be integrated with smartphones, market players, such as Samsung, Nokia, and other OEMs are entering this market. The market for 3D mapping and modelling has been buoyed by the adoption of this technology by various taxi and ridesharing service companies. This growth is expected to be witnessed across various industries, owing to the multiple advantages this software offers. However, high initial cost is challenging the market growth.

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Market Segments:
3D mapping and 3D Modelling Market is segmented by:
1. Type: 3D Mapping, 3D Modelling
2. Application: Projection Mapping, Texture Rendering, Maps & Navigation, Others
3. Vertical: Entertainment & Media, Automotive, Healthcare, Building & Construction, Defense, Transportation, Others
4. Geography: North America, South America, Europe, Asia Pacific, Middle East & Africa

Key Developments in the Market
•March 2017 - Trimble and Caterpillar Inc. announced a joint partnership to bring on-highway telematics to construction operations.
•March 2017 - Trimble announced three new versions of its software for structural engineering, fabrication, and construction teams: Tekla Structures 2017, Tekla Structural Designer 2017, and Tekla Tedds 2017.

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