Article | TechTrack - Oct 14, 2015 |
17:11 PM | Source:
3D Modeling & Mapping mkt to grow at 55% CAGR to 2020
The YoY 3D mapping market growth rates will be on higher side throughout the forecast period with 3D mapping and 3D modeling industry set to get push from media and entertainment, construction, healthcare, automobile industry and transportation sectors according to this new research now available.
Three-Dimensional (3D) mapping market in this report has been defined as a solution that helps in building 3D maps of the surroundings with utmost accuracy and details.
Whereas, 3D modeling is defined as a process of developing a 3D surface of any object or place with the help of specialized software, and hence the product developed is model in 3D. The 3D mapping and 3D modeling market can exist independently, but the playing fields are still the same.
3D mapping market applications nowadays are gaining traction and are being adopted by the end users on a large scale. 3D projection mapping is one of the emerging technologies that help in mapping the 3D points on a 3D plane. This application is often used by artists to attract their customers.
Presently, 3D projection mapping has emerged as an attractive medium for enterprises to advertise their offerings and target as well as retarget the audience. Another application of 3D mapping market is mapping and navigation, which is specially designed for mobile devices. These applications are widely being used by organizations that provide 3D content of urban, semi-urban, and rural environment.
This latest research on 3D modeling and 3D mapping market expects that the building and construction vertical will account for the largest market share throughout the forecast period. However, there are a few revenue pockets, namely, Automotive, Transportation, and Logistics (ATL), defense and public safety, and retail that will witness significant growth in this period.
Majority of the challenges in the 3D modelling and 3D mapping market are specific to the application environment. For instance, there are special challenges, such as tackling population on the streets, while mapping streets. The major restraints in this market are lack of advanced software packages for simulating 3D data, and placing additional burden on cost of doing business.