The global market for 3D mapping and 3D modelling is expected to grow at a CAGR of 55% over the next five years to reach and estimated size of US $40Bn.
Even though the two markets can co-exist independently both of them are playing on the same fields. Automobiles, Construction, Healthcare, Transportation and Entertainment are among the major industries where the solution can be deployed.
3D mapping is the process of collecting location and attributes information and presenting it in a three-dimensional form covering its latitude, longitude and height above the sea level. Even though the map is flat is is unlike any ordinary geographical map but gives a sense of depth and size. Photogrammetry and Orth mosaics are often used to create 3D maps. It has a range of industrial applications.
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3D modelling takes this technology a step ahead by creating models from the data collected. It could be prepared in a two-dimensional form using 3D rendering or through computer software or could be physically created using 3D printers. The models could be displayed using computer simulation. The data is collected via various 3D scanners and tools for intelligent data integration.
To draw a 3D view of any construction site, to design vehicles or to study the human body, it can be used in a variety of applications. Also, the ease of availability of 3S scanners and equipment is further driving the growth of this market by increasing its demand in varied sectors. Another major factor for its growth is the increasing integration of applications and smartphones causing market players like Nokia, Samsung, to enter the market.
The market for 3D mapping and modelling can be segmented on basis of application into 3D Project Mapping, Mapping and Navigation, Texture Mapping, Mobile Mapping, Laser Mapping, Video Mapping and others.
The market can be segmented into mapping and modelling based on type. Based on end user industry, it can be segmented into Healthcare, Entertainment and Media, Buildingand Construction, Automotive, Transportation, Defense and others.
The rising population and urbanization is leading to a high growth in construction sector thereby expecting the largest demand in coming years. Amazing 3D experience even on smartphones is likely to spur the demand for 3D mapping and modelling even in the smartphone markets.
Geographically, the market can be segmented into North America, Europe, Asia Pacific and rest of the world. North America currently holds the largest share in the market. However, APAC and MEA markets are expected to grow the fastest.
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Some of the key players in the Industry are Foudry Ltd. PixologicInc, Lightwave 3D, 3D-Coat, Apple Inc., Airbus Defence and Space, Autodesk Inc, Blender, Bentley Systems Incorporated, Softree technical systems Inc., Maxon Computers, SAAB, Cybercity 3D, Trimble, Intermap technologies, Topcon Corporation and ESRI among others.
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