Earth Imaging Journal: Remote Sensing, Satellite Images, Satellite Imagery
Breaking News
Leica Geosystems Sets New Benchmark for Laser Visibility
(Heerbrugg, Switzerland) – Leica Geosystems, industry leader in reality...
Wood Wins Government Backing to Bring Space Technology to Nuclear Decommissioning
Wood is leading research to make nuclear decommissioning safer,...
GeoSLAM to Demo Time & Cost Saving 3D Mobile Laser Scanners for Construction Applications at 2018 AGC Convention
NOTTINGHAMSHIRE, U.K. – GeoSLAM will demonstrate how its ZEB-REVO...
Topcon Acquires ClearEdge3D, a Technology Leader in 3D Modeling and Construction Verification Software
TOKYO, Japan  – Topcon Corporation, a world leader in...
Rare and Shrinking Glaciers in the Tropics
Like tropical glaciers elsewhere in the world, the glaciers...

January 28, 2016
Technavio Releases New Report on Global 3D Mapping and 3D Modelling Market

LONDON —Technavio’s latest enterprise application industry report covers the present scenario and growth prospects of the global 3D mapping and 3D modelling market 2016-2020.

North America has emerged as the largest revenue contributor to the global 3D mapping and 3D modeling market. Tweet this In this report, Technavio’s ICT research experts announce their key market highlights for the 3D mapping and 3D modelling market. Their findings include:

North America has emerged as the largest revenue contributor to the global 3D mapping and 3D modeling market

The 3D mapping and 3D modeling market in North America generated revenues close to USD 1190 million in 2015, growing at a CAGR of around 8% until 2020. The US is the major market for 3D mapping and 3D modeling in North America. The US government uses 3D mapping for GIS (geographical information system) purposes. AutoCAD Map 3D is also increasingly used in the US. For example, the Kansas City Board of Public Utilities uses this technology for the construction of electric utility network assets. The Canadian government uses AutoCAD Map 3D, along with Esri, to speed up map preparation. AutoCAD Map 3D enables the quick generation of maps, with the data loaded from Esri software.

Segmentation of global 3D mapping and 3D modelling market by geography 2015

Europe is the second largest market for the 3D mapping and 3D modeling. The automotive industry is one of the largest end-user industries for 3D mapping and modeling in Europe. The German automotive industry reported a turnover of close to USD 510 billion in 2014, which has helped Germany retain its position as the largest motor vehicle manufacturer and contributor to 3D modeling for automotive in Europe.

3D modeling is finding increasing application in the automotive sector for R&D purposes. For instance, Ferrari, based in Maranello, Italy, uses Autodesk 3D modeling software in the early stages of product development, before prototyping. 3D mapping technology is also widely used across the military sector in Europe, with the UK and France contributing heavily to the growth of the market in this region.

Use of 3D mapping and modeling software in the healthcare sector a major driver of the market

The 3D mapping and 3D modeling market in the healthcare sector is expected to grow at a CAGR of over 9% until 2020. Many healthcare organizations are adopting 3D applications to diagnose cancer, which has led to the increased demand for 3D modeling software. 3D mapping and modeling software is used to map human anatomy and helps in the modeling of surgeries.

“There are many 3D mapping and modeling software geared to the healthcare industry and these are gaining demand. For instance, CARTO 3 is a 3D mapping system that helps electrophysiologists to make treatment decisions. The popularity of this type of software is expected to increase during the forecast period, which will be beneficial for the market,” said Technavio lead ICT research analyst Amrita Choudhury.

Large initial investment a key deterrent dissuading new players from entering the market

The purchase of equipment like LIDAR sensors, aerial photography cameras, and GIS recording tools requires huge initial investment. It is a deterrent for many smaller players trying to venture into the market, thus the threat from new entrants is relatively low. End-users are also largely unaware of the benefits of having mapping and modeling software. Because of these reasons the adoption rate of the software in countries such as India remains lower than the US, Japan, and China. Thus, lack of awareness among end-users will pose a key challenge to the growth of the market during the forecast period.

Browse related reports: • Global Biometrics Market in BFSI Sector 2015-2019 • Global Biometrics Market in BFSI Sector 2015-2019Global Biometrics Market in the Transportation Sector 2015-2019 • Global Biometrics Market in BFSI Sector 2015-2019Global Biometrics Market in the Transportation Sector 2015-2019Global Voice Recognition Biometrics Market 2015-2019

Purchase three reports for the price of one by becoming a Technavio subscriber. Subscribing to Technavio’s reports allows you to download any three reports per month for the price of one. Contact enquiry@technavio.com with your requirements and a link to our subscription platform.

About Technavio

Technavio is a leading global technology research and advisory company. The company develops over 2000 pieces of research every year, covering more than 500 technologies across 80 countries. Technavio has about 300 analysts globally who specialize in customized consulting and business research assignments across the latest leading edge technologies.

Technavio analysts employ primary as well as secondary research techniques to ascertain the size and vendor landscape in a range of markets. Analysts obtain information using a combination of bottom-up and top-down approaches, besides using in-house market modeling tools and proprietary databases. They corroborate this data with the data obtained from various market participants and stakeholders across the value chain, including vendors, service providers, distributors, re-sellers, and end-users.

If you are interested in more information, please contact our media team at media@technavio.com.

Comments are closed.