Global 3D mapping and modeling market will reach US$4416.5 million by 2020

According to a new publication by Transparency Market Research (TMR), “3D Mapping and 3D Modeling Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2014 - 2020”, the global 3D mapping and modeling market will reach US$4416.5 million by 2020. Displaying a 6.4% CAGR from 2014 to 2020, the market will grow from its 2013 valuation of US$2916.8 million.Increasing use of mobile devices with navigation and mapping technologies such as geographical information system (GIS) and geographical positioning system (GPS) is driving demand for 3D mapping, as per TMR analysts’ findings. 3D mapping depicts objects with a three-dimensional view on the computer screen. Due to the convenience offered by this, 3D mapping is used across industry verticals such as construction, automobile, healthcare, transportation, and entertainment. In the healthcare sector, 3D mapping is used to view and understand human anatomy, which helps diagnosed and treat medical conditions.

 

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Increasing demand for high-resolution, high-precision 3D geospatial data has augmented use of mobile mapping systems, which are further used for 3D city modeling. Advancement in 3D instruments such as 3D scanners, GPS components, and 3D sensors will demand higher precision and quality from the mapping industry, thus pushing solution providers to roll out novel 3D mapping solutions. This will collectively drive the 3D mapping and 3D modeling market.Both 3D mapping and 3D modeling technologies are extensively used in the construction sector. 3D models are used for schematics and 3-dimensional view of buildings, in both new construction and restructure of ancient buildings, castles, and forts. 3D models are also used for simulation analysis such as natural disasters and traffic control. The entertainment industry uses 3D mapping and 3D modeling technology to produce 3D representations of visual content such as movies and video games. The technology is also used to create 3D views or other virtual cinematography of sensitive locations, such as those of accidents or crimes, using 3D scanners.