Press release
3D Mapping and 3D Modeling Market to be Benefited by Rising Initiation of Smart Cities
The rising demand for 3D mapping and 3D modeling solutions in diverse industries is the major factor fueling the growth of this market in the forecast period. In addition, the development of 3D devices such as 3D sensors, 3D scanners, and positioning components are further expected to drive the global market. On the other hand, the absence of proper format and specialized software training in 3D mapping and modeling software is one of the key factors restraining the growth of the global 3D mapping 3D modeling market in the coming years.
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By application, the global market for 3D mapping has been categorized into mapping and navigation, 3D projection mapping, and others. Among these, in 2013, the mapping and navigation segment led the global market, accounting for a massive 45.1% of the global 3D mapping and 3D modeling market. This segment is projected to witness the highest growth in the forecast period.
By end use, the global 3D mapping and modeling market has been classified into construction, healthcare, video entertainment, automobile, transportation, and others. The others segment comprises public safety, advertisement, defense, and retail. In 2013, the construction segment accounted for the largest share in the global 3D mapping and modeling market and is projected to remain in the dominating position throughout the forecast period. The construction segment is estimated to exhibit a healthy 8% CAGR between 2014 and 2020. The high growth of this region can be attributed to the rising adoption of 3D maps and models for the purpose of visualizing construction sites and models way before commencing the actual project. As a result, the initiation of smart cities is expected to propel the 3D mapping and modeling market in the next few years.
By geography, the research report has segmented the global 3D mapping and modeling market into Asia Pacific, North America, Europe, and Rest of the World. Among these regions, in 2013, the North America market for 3D mapping and modeling dominated the market, accounting for a share of 36.5% in the overall market, and is expected to remain dominant throughout the forecast period.
Furthermore, the research report covers the vendor analysis of the global 3D mapping and 3D modeling market. Some of the prominent players operating in the market are Blender Foundation, 3D-Coat, Autodesk, Inc., Apple, Inc., Pixologic, Inc., The Foundry, Bentley Systems, and NewTek, Inc. (Lightwave 3D). Among all these players, Autodesk, Inc. dominated the global market in 2013.
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Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend 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.
TMR’s data repository is continuously updated and revised by a team of research experts so that it always reflects the latest trends and information. With extensive research and analysis capabilities, Transparency Market Research employs rigorous primary and secondary research techniques to develop distinctive data sets and research material for business reports.
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