DALLAS /PRNewswire/ -- According to a new market research report "3D Mapping Market: Global Advancements, Business Models, Technology Roadmap, Forecasts and Analysis (2013–2018)," the 3D mapping and 3D modeling market is expected to reach $7.7 billion by 2018 at a Compound Annual Growth Rate (CAGR) of 47.9% from 2013 to 2018. Buy a copy of this report online. Early buyers will receive 10% customization on this report.
3D mapping technology is one of the fastest and most complete ways to build 3D environments in the market today. 3D mapping solutions enable users to swiftly build 3D maps of the surroundings with supreme accuracy and clarity, ready to plug into professional visualization systems. With growing investments in 3D maps applications for smartphones, market players such as Nokia and Samsung have indicated string interest in this market. 3D-enabling devices like sensors, cameras, scanners, GPS components, and other acquisition devices create huge potential in this market. The improvised 3D experience on smartphones, tablets, notebooks, PCs, and cars is set to revolutionize the mobile device market and other GPS-enabled device markets by broadening horizons for users to locate things easily using any device.
The 3D mapping and 3D modeling market is expected to grow from $1.1 billion in 2013 to $7.7 billion by 2018, at an estimated CAGR of 47.9% from 2013 to 2018. North America, the first mover in the 3D mapping and modeling market, is expected to remain the major market up to 2018. Meanwhile, the Asia Pacific (APAC) and Middle East and Africa regions will grow at a significant rate, mainly driven by opportunities in countries such as China and India. In 2013, Europe is expected to account for about 33.1% of the global market, and it is expected to grow at a CAGR of 43.2% from 2013 to 2018. APAC is estimated to be a $1.6 billion market by 2018, growing at a CAGR of 66.38% from 2013 to 2018. The market players include Tier 1 companies such as Google, Apple, Amazon, Saab, and Hover.
The 3D modeling and mapping market report provides in-depth analysis of the various industry verticals, such as healthcare, automotive, transport and logistics, aviation and space, building and construction, defense and public safety, retail, others. It also analyzes the emerging trends in the 3D mapping and 3D modeling market across geographies.
MarketsandMarkets is a global market research and consulting company based in the U.S. We publish strategically analyzed market research reports and serve as a business intelligence partner to Fortune 500 companies across the world.
MarketsandMarkets also provides multi-client reports, company profiles, databases, and custom research services. MarketsandMarkets covers thirteen industry verticals, including advanced materials, automotives and transportation, banking and financial services, biotechnology, chemicals, consumer goods, telecommunications and IT, energy and power, food and beverages, industrial automation, medical devices, pharmaceuticals, semiconductor, and electronics.