Comprehensive Report on Global 3D Mapping And Modelling Market by Knowledge Sourcing Intelligence
Global 3D mapping and modelling market is projected to witness the growth at a CAGR of 43.45% during the forecast period to reach a total market size of US$32.255 billion by 2022, increasing from US$5.310 billion in 2017. The growing technology advancement in 3D devices like 3D scanner and 3D sensors owing to rise in R&D funding has led to improvement in 3D mapping and modelling process which, in turn, is augmenting the market growth.
Other factors including rise in 3D content coupled with growing demand for 3D models in media and entertainment industry are also complementing the demand of 3D mapping and modelling solutions over the forecast period. Growing purchasing power of consumers is driving the demand for 3D-enabled and 3D-supporting devices like smartphones, tablets and other mobile devices further spurring up the demand of the 3D mapping and modelling solutions. Aging population and increase in chronic diseases patients escalate the demand for such solutions in healthcare industry as the technology assists in surgical process by mapping human anatomy.
Global 3D Mapping and Modelling Market by Industry :
By industry, global 3D mapping and modelling market is segmented as healthcare, aerospace and defense, media and entertainment, retail, construction, automotive, manufacturing, and others. Construction industry accounted for the largest market share, in terms of value, in 2016, followed by media and entertainment.
The below figure represents the market share of each industry of 3D Mapping and Modelling market for the year 2016 and 2022:
The dominance of construction industry is majorly attributed to rising use of 3D maps and models for visualizing construction models and sites before initiating the construction process. Expanding urbanization, rising pressure on existing infrastructure, and environmental concerns are driving the convergence of geospatial and 3D technologies across the industry. Per the International Energy Agency (IEA), there will be spending of around $45 trillion for mitigating the effects of climate change over the next 40 years.3D we deliver expected market research on Mapping and Modelling market.
Global 3D Mapping and Modelling Market by Geography :
Geographically, global 3D mapping and modelling market is segmented as Americas, Europe Middle East and Africa, and Asia Pacific. Americas accounted for the largest market share in 2016 due to early adoption of technology by various end-use industries in the region. The presence of large number of global players coupled with high investment in R&D will drive the demand for 3D mapping and modelling solutions in the region till the end of the forecast period. European 3D Mapping and Modelling market will also witness a considerable growth between 2017 and 2022 owing to booming automotive industry in the region that uses the technology for the assembly line and the prototype. Autodesk software for digital manufacturing designs and manufactures cars and equipment with tools created for automotive manufacturers and suppliers.
However, APAC is projected to witness the fastest regional market growth during the forecast period. Growing construction industry and booming infrastructural development in emerging economies such as China and India will drive the demand for 3D mapping and modelling solutions. The construction of Yinchuan as the most high-tech smart city in China will provide a great potential for 3D mapping and modelling solution providers to gain a larger market share. Likewise, India’s Smart City Plan coupled with increased FDI and high investment by government in this project will further drive the market growth in the coming years.
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