3D Mapping and 3D Modeling Market Worth 16.99 Billion USD by 2020

PUNE, India, October 9, 2015 /PRNewswire/ --

According to a new market research report on "3D Mapping and 3D Modeling Market by Application in 3D Mapping (3D Projection Mapping, Mapping and Navigation, and Others), by Vertical (Healthcare, Building and Construction, and Others), and by Geography - Forecast to 2020", published by MarketsandMarkets, The 3D Mapping and 3D Modeling Market is expected to grow from USD 1.90 billion in 2015 to USD 16.99 Billion by 2020, at an estimated CAGR of 55.0% from 2015 to 2020.

Browse 70 market data Tables and 41 Figures spread through 126 Pages and in-depth TOC on "3D Mapping and 3D Modeling Market"

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The market report provides an in-depth analysis of the various industry verticals in the 3D mapping and 3D modeling ecosystem such as healthcare, Automotive, Transport, and Logistics (ATL), aviation and space, building and construction, defense and public safety, retail, media and entertainment, and others. It also analyzes the emerging trends in the 3D mapping and 3D modeling market across geographies.

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3D mapping technology is one of the fastest ways to build 3D environments in the market nowadays. 3D mapping solution swiftly builds 3D maps of the surroundings with utmost accuracy and clarity, ready to plug into professional visualization systems. 3D modeling is the process of developing a 3D surface of an object via specialized software which can be can be displayed through computer simulation. 3D model created from the 3D objects are a collection of data points. This can be collected via 3D scanners with intelligent data models and tools for integrating data which is used for modeling smart cities and legacy cities, terrain modeling, 3D site design, and a model-based infrastructure planning and management.

With investments towering up for 3D maps applications to be integrated with smartphones, market players such as Nokia, Samsung, and other smartphone companies are entering into this market. The online web services players such as Amazon and Microsoft have also started offering 3D maps on their platforms. The 3D-enabling devices such as sensors, cameras, scanners, Global Position System (GPS) satellite components, and other 3D content acquisition devices create huge potential in this market. The improved 3D experience on smartphones, tablets, notebooks, PCs, cars, and many more is set to revolutionize the mobile device market and other GPS-enabled device market by broadening the horizons for the users to locate things easily using any device.

The 3D Mapping and 3D Modeling Market is expected to grow from USD 1.90 billion in 2015 to USD 16.99 Billion by 2020, at an estimated CAGR of 55.0% from 2015 to 2020. Companies such as Google (U.S.), Apple (U.S.), SAAB (Sweden), and Autodesk are the key market players.

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