The 3D mapping and modelling market was valued at USD 7.24 billion, in 2017, and is expected to reach a value of USD 23.22 billion, by 2023, at a CAGR of 20.94%, over the forecast period (2018-2023)..
3D mapping & modeling technologies are one of the fastest ways to build 3D environments in the highly demanding market. 3D mapping solutions quickly creates 3D maps of the surroundings with utmost clarity and accuracy, ready to plug into professional visualization operations. Major investments ongoing for 3D maps applications to be integrated with smartphones, market players, such as Samsung, Nokia, and other OEMs are entering this market. This growth is expected to be witnessed across various industries, owing to the multiple advantages this software offers. However, high initial costs is challenging the market growth.
United States to Hold a Lion’s Share of the Market
United States boasts of a strong automotive sector buoyed by the presence of major players and technologically advanced capabilities. The huge volume of adoption of connected vehicles in the United States clearly outlines a growing trend of connected cars, which proportionately pushes the need for better and enhanced navigation capabilities, thereby, driving the market growth. In addition, the USDOT is funding the growth of connected cars by forming a unique partnership between public bodies and multiple OEMs and carmakers to deploy and test the performance of a broad array of connected vehicle applications, associated infrastructure. The construction sector is expected to fortify to a much stronger extent, with new regulations, and initiatives. The Trump administration has proposed a plan to spend over USD 1 trillion in construction sector, in 2018, led mostly by private businesses. This will open up a wide variety of opportunities for 3D mapping and modeling equipment, owing to the extensive use in the construction sector, and the US laws mandating the use of such technology for construction purposes.
Automotive Industry to Witness the Second Fastest Growth during the Forecast Period
The market for 3D mapping and modelling has been buoyed by the adoption of this technology by various taxi and ridesharing service companies. For instance, Uber, in Feb 2017, announced that it would begin generating its own 3D maps of Singapore, showcasing the ride-hail company’s increased investment in mapping, the goals of which appear to be twofold: lay the groundwork for Uber’s fleet of self-driving cars and outpace Google. Driverless cars have many different kinds of sensors – including cameras, lidar, and radar – but they are not yet capable of fully understanding what they see. For example, before an autonomous car approaches a junction, it needs to know exactly where the traffic light will be. Because of this, driverless/ connected cars need highly detailed 3D maps of the roads they are to navigate, which is expected to boost the 3D mapping adoption. For instance Tesla, a company, focusing on driverless/connected cars, and having a few models offering driverless capabilities, has started pushing new modules from MapBox, an open source mapping platform for custom designed maps, and Valhalla, an open source routing engine for navigation, for increased safety, which is boosting the overall market growth.
- March 2017 - Trimble and Caterpillar Inc. announced a joint partnership to bring on-highway telematics to construction operations. With this collaboration, Trimble plans on extending Caterpillar's CAT Connect solutions and Trimble's real-time, truck fleet visibility, and monitoring capabilities to enable the features for both on-highway and off-highway fleet management
- March 2017 - Trimble announced three new versions of its software for structural engineering, fabrication, and construction teams: Tekla Structures 2017, Tekla Structural Designer 2017, and Tekla Tedds 2017. Continuous development of Tekla Building Information Modeling (BIM) solutions demonstrated Trimble's commitment to innovation in structural engineering, off-site prefabrication and on-site efficiency
Major Players: Autodesk, Inc., SAAB, GOLDENSOFTWARE, LLC, Trimble, Inc., Intermap Technologies, The Foundry Visionmongers Ltd, Environmental Systems Research Institute (ESRI)., Topcon Positioning Systems, Inc., Airbus Defense and Space, and Cybercity 3D Inc. among others
Reasons to Purchase this Report
- Current and future 3D mapping and 3D modeling market outlook in the developed and emerging markets
- Analyzing various perspectives of the market with the help of Porter’s five forces analysis
- The segments that are expected to dominate the market
- Regions that are expected to witness fastest growth during the forecast period
- Identifying the latest developments, market shares, and strategies employed by the major market players
- 3-month analyst support, along with the Market Estimate sheet in excel
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1.1 Scope of the Study
1.2 Executive Summary
2. Research Methodology
2.1 Study Deliverables
2.2 Study Assumptions
2.3 Research Methodology
2.4 Research Phases
3. Market Insights
3.1 Market Overview
3.2 Industry Attractiveness - Porter's Five Forces Analysis
3.2.1 Bargaining Power of Suppliers
3.2.2 Bargaining Power of Buyers
3.2.3 Threat of New Entrants
3.2.4 Threat of Substitute Products
3.2.5 Competitive Rivalry
3.3 Value Chain Analysis
4. Market Dynamics
4.2 Market Drivers
4.2.1 Advent of 3D-Enabled Display Devices
4.2.2 Advancement of 3D Scanners, 3D Sensors, and Other Acquisition Devices
4.3 Market Restraints
4.3.1 High Initial Investments
5. Technology Snapshot
6. Global 3D Mapping and Modelling Market Segmentation By Type
6.1 3D Mapping
6.1 3D Modelling
7. Global 3D Mapping and Modelling Market Segmentation By Application
7.1 Projection Mapping
7.2 Texture Rendering
7.3 Maps & Navigation
8. Global 3D Mapping and Modelling Market Segmentation By End-User
8.1 Entertainment & Media
8.4 Building & Construction
9. Global 3D Mapping and Modelling Market Segmentation By Region
9.1 North America
9.4 Latin America
9.5 Middle East
10. Competitive Intelligence - Key Vendor Profiles
10.1 Autodesk, Inc.
10.3 GOLDENSOFTWARE, LLC
10.4 Trimble, Inc.
10.5 Intermap Technologies
10.6 The Foundry Visionmongers Ltd
10.7 Environmental Systems Research Institute (ESRI).
10.8 Topcon Positioning Systems, Inc.
10.9 Airbus Defense and Space
10.10 Cybercity 3D Inc.
*List not Exhaustive
11. Investment Analysis
12. Future of the Market