The prime factor driving the growth of the 3D Mapping and Modeling Market is the growing use of technology and the rise in R&D funding will augment the market growth. The growing demand for 3D models in media and entertainment industry, and increase use of smartphones, tablets and other mobile devices will further fuel the market.
As per the report, the 3D Mapping and Modeling Market is projected to grow at a CAGR of 24.78% to reach US$26.765 billion by 2025, from US$7.091 billion in 2019.
3D mapping and model allow users to project objects in three dimensions for visualization. It helps individuals understand the projection better as a full view of the product can be visualized. Due to a lack of appropriate tools, technologies, and systems in the past, obtaining 3D data was a tough task. As a result of the introduction of 3D technology watching, the production of 3D material has grown in popularity. It has resulted in the development of numerous 3D mapping technologies that can map 3D content; itâ€™s mostly used in healthcare, media and entertainment, construction, automotive, manufacturing, and aerospace & defense industry. The growing number of chronic disease patients and the ageing population are driving up demand for such solutions in the healthcare business, since the technology aids in the surgical procedure by mapping human anatomy. 3D mapping is of immense help in the construction industry as it helps in taking measurements from photographs and helps in visualizing construction site & models before the construction process. Further, growing technological improvements are going to shape the market in the forecast period.
Based on type of mapping, 3D mapping and modeling market is segmented to 3D mapping and 3D modeling. In a competitive market, 3D mapping and modeling technologies are one of the fastest ways to create 3D environments. 3D mapping software creates 3D maps of the environment rapidly and accurately, ready to be integrated into professional visualization operations.
Based on industry type, 3D models and mapping market is present in aerospace & defense, healthcare, media and entertainment, construction, automotive, manufacturing & other industries. Healthcare, construction, media & entertainment are the industries with high potential growth. Rapid urbanization is causing an increase in infrastructure construction, which is driving up demand for 3D technologies. Smart city development in India and China is predicted to increase demand for 3D mapping and modeling software.
Based on geography segmentation, APAC is forecast to have the fastest growth rate in the 3D mapping and modeling market. During the projected period, the worldwide 3D mapping and modeling market is expected to be dominated by North America. The need for 3D mapping and modeling goods in North America will be fueled by the growing desire for realistic virtual views of products for marketing purposes among small and medium businesses and government organizations.
As a part of the report, the major players operating in the 3D Mapping and Modeling Market that have been covered are: Maxon Computer, Autodesk Inc, The Foundry Visionmongers, Apple Inc, OrbitGeo Spatial technologies, Softree and 3DCoat.
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This analytics report segments capacitive sensors the market on the following basis:
â€¢ By Type
o 3D Mapping
o 3D Modeling
â€¢ By End-Use Industry
o Aerospace & defense
o Media & Entertainment
â€¢ By Geography
o North America
o South America
ï‚§ United Kingdom
o The Middle East and Africa
o Asia Pacific