3D Mapping and Modeling Market Revenues to Expand at a CAGR of 18.0% by 2023
According to a new market research
report "3D Mapping and Modeling Market by
Component (3D Mapping & 3D Modeling), Application (3D Projection &
Navigation, Product Marketing), Vertical (Media & Entertainment,
Construction & Engineering), and Region - Global Forecast to 2023", The 3D mapping and modeling market size is
expected to grow from USD 2.8 billion in 2018 to USD 6.5 billion by 2023, at a
Compound Annual Growth Rate (CAGR) of 18.0% during the forecast period.
Increasing
use of 3D animation in mobile applications, games, and movies; advancements of
3D scanners, 3D sensors, and other acquisition devices; increasing availability
of 3D content; and advent of 3D-enabled display devices are the major factors
driving the growth of the 3D mapping and modeling market.
Browse 55 market data Tables
and 42 Figures spread through 136 Pages and in-depth TOC
on "3D Mapping and Modeling Market - Global Forecast to 2023"
Key Market Players
Major
vendors in the 3D mapping and modeling market include Vricon (US), Airbus (Netherlands),
Autodesk (US), Bentley Systems (US), Alphabet (US), Trimble (US), Intermap
Technologies (US), Esri (US), CyberCity 3D (US), Topcon (Japan), Dassault
Systèmes (France), Adobe (US), Pix4D (Switzerland), Pixologics (US), Flight
Evolved (US), MAXON (Germany), Onionlab (Spain), The Foundry Visionmongers
(UK), Mitsubishi Electric (Japan), and Apple (US).
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The 3D
projection and navigation application of 3D mapping to grow at the highest CAGR
during the forecast period
3D projection is gaining popularity rapidly. 3D projection is an
audio-visual mapping in which the videos and audios are projected on real
surfaces, such as buildings, cars, and concert stages. It is an evolving
technology that maps 3D points to a 2D plane and adds animation to stationary
objects and architectures. This technique is used by video artists to match
videos to buildings that they are projecting on and create interesting 3D
effects.
The
government, aerospace, and defense vertical to grow at the highest CAGR during
the forecast period
Geospatial applications combine real-time data, 3D visualization, and
dynamic mapping. It helps defense, aerospace, and security organizations
improve geospatial intelligence and situational awareness across domains. It has
become indispensable for national security, military, and other agencies,
gathering intelligence information. The applications include continuous
surveillance and monitoring programs (for example, border security and domain
awareness), crisis intervention activities, broad area mapping, and 3D modeling
and situational awareness. The 3D mapping and modeling technology is widely
used for activities pertaining to the government industry. For example, The
Bureau of Land Management (BLM) in the US uses 3D models, viewable in Google
Earth, to plan, visualize, and mitigate new landscape-altering projects.
APAC to grow
at the highest CAGR during the forecast period
Across the APAC region, there are several prosperous economies with
well-developed cyber ecosystems, such as India, China, Australia, Singapore,
and Japan. APAC has witnessed advanced and dynamic adoption of new
technologies. The region is also undertaking aggressive initiatives to leverage
the IT infrastructure, enabling commercial users to adopt cutting-edge
technologies. This region is expected to experience the highest growth rate,
driven by western organizations, establishing and maintaining production
facilities in Asia due to economic factors. The growth in the APAC region can
also be attributed to growing economies, where businesses are rapidly adopting
3D mapping and modeling to innovate their products.
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