Global 3D mapping and modelling market is projected to witness the growth at a CAGR of 43.45% during the forecast period to reach a total market size of US$32.255 billion by 2022, increasing from US$5.310 billion in 2017.Aging population and increase in chronic diseases patients escalate the demand for such solutions in healthcare industry as the technology assists in surgical process by mapping human anatomy.
However, the need for high initial investment will hamper the market growth during the forecast period. Expanding 3D mapping and modelling applications in various industries such as healthcare, entertainment, automotive, retail, construction aerospace and manufacturing among others is expected to propel its demand over the projected period.
Global 3D Mapping and Modeling Market by Industry :
By industry, worldwide 3D mapping and displaying market is divided as social insurance, aviation and barrier, media and amusement, retail, development, car, assembling, and others. Development industry represented the biggest piece of the pie, as far as esteem, in 2016, trailed by media and stimulation.
The below figure represents the market share of each industry of 3D Mapping and Modelling market for the year 2016 and 2022:
The strength of development industry is significantly credited to rising utilization of 3D maps and models for picturing development models and destinations before starting the development procedure. Extending urbanization, rising weight on existing framework, and natural concerns are driving the intermingling of geospatial and 3D innovations over the business. Per the International Energy Agency (IEA), there will spend of around $45 trillion for moderating the impacts of environmental change throughout the following 40 years.
The construction of smart cities in developing countries will require 3D scanners with intelligent data models and data integration tools to model and design these cities efficiently. Technological advancements are further driving the use of 3D mapping and modelling in construction industry. Growing use of drones to manage, measure, and communicate site progress will bolster the growth of 3D mapping and modelling market in the coming years.we deliver expected market research on Mapping and Modelling market.
South American 3D Mapping and Modelling market will grow at a CAGR of XX% between 2017 and 2022. There has been a rising demand for 3D mapping solutions for future construction projects and restructuring of ancient buildings, forts and castles in the region.
In 2015, Aeryon Labs and Pix4D created the first high-resolution 3D model of the Christ the Redeemer, the world’s most recognized monument in Brazil. Growing popularity of the U.N.-backed deforestation program, Reducing Emissions from Deforestation and Forest Degradation in Developing Countries (REDD+) has boosted demand for 3D mapping solutions for baseline data and monitoring of the carbon stored in Brazilian’s forests.