3D Mapping & 3D Modeling Market Projected to $7.7 Billion by 2018 - Report by MarketsandMarkets
July 24, 2014 --
(PRWEB) July 24, 2014
According to market research report "3D Mapping Market: Global Advancements, Business Models, Technology Roadmap, Forecasts and Analysis - 2018", the 3D mapping and 3D modeling market is expected to reach $7.7 billion by 2018 at a CAGR of 47.9% by 2018.
Browse 102 market data tables and 30 figures spread through 222 pages and in-depth TOC on 3D Mapping Market: Global Advancements, Business Models, Technology Roadmap, Forecasts and Analysis - 2018.
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3D mapping and modeling technology are new 3D technology that has now become a mainstream technology providing High Definition (HD) experience for users. The 3D technology is being utilized over the period to yield precise mapping for construction and engineering industries. Traditional data surveying technology could not achieve accurate data. 3D laser scanning has evolved over the years as a surveying technique that supplies accurate data points which can be used for modeling. Most mapping does survey techniques using different 3D technologies.
In the twenty-first century, with the evolution of 3D technologies for GPS, the construction equipment operators can control the model and incorporate many geospatial characteristics into it. The high-level automated 3D modeling has proven to be a well-developed technology to meet most of the designs and made it easier for the designers to construct the model in less time. 3D mapping technology is often used to create cities and infrastructure requirements for towns around the world. These tools provide governments with better designs to create roads, bridges, and railways.
In telecom, it is used for Radio Frequency (RF) network design. This technology is used for navigation and virtual tours in the travel and tourism sector. It can be used in site planning and valuation in real estate. At present, this technology is used in many areas of science like understanding human genetics. It is also used to make special creative models for designing cars, trucks, boats etc.
The 3D mapping and 3D modelling total market is expected to grow from $1089.5 million in 2013 to $7,734.6 million by 2018, at an estimated Compound Annual Growth rate (CAGR) of 47.99% from 2013 to 2018. North America, the first mover in the 3D mapping and modeling market, is expected to remain the major market by 2018. Meanwhile, we also observe the Asia-Pacific (APAC) and Middle East and Africa (MEA) regions to grow at a fast rate Year on Year (YOY), mainly driven by opportunities in countries such as China and India.
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