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Global 3D Mapping and Modelling Market is Expected to Grow at a CAGR of 12.6% in the Forecast Period of 2021-2026.

According to a new report by EMR titled, ‘Global 3D Mapping and Modelling Market Report and Forecast 2021-2026’, the global 3D mapping and modelling market is expected to grow at a CAGR of about 12.6% in the forecast period of 2021-2026.

The global 3D mapping and modelling market is primarily dominated by North America as the region is powered by the strong presence of key players, along with advanced technological capabilities. Improved infrastructure spending in the region is bringing more capital into the economy and rising customer demand for services and products, while consequently boosting investment in capacity building in manufacturing plants, retail stores, as well as office spaces. In addition to the expansion of the construction industry, specifically in the United States, the growing population is contributing to the development of the 3D mapping and modelling market. The vast volume of connected vehicles in the United States clearly illustrates the emerging trend in connected vehicles, which contributes in a proportionate manner to the market growth due to the rising need for greater navigational efficiency.

Trimble (NASDAQ: TRMB), a major player in the industry, introduced the Trimble® MX9 mobile mapping solution in February 2018. It combines mobile lidar mounted vehicle network, multi-camera imagery as well as field-based data capture software for secure, accurate and high-volume capturing applications like route tracking, 3D models and asset-management, for many different applications of mobile mapping. These technological advancements are likely to boost the growth of the industry.

Market Analysis by Component, Application, End Use, and Region:

  • The components of the market can be divided into 3D mapping and 3D modelling.
  • The major application sectors in the market are projection mapping, texture mapping, maps and navigation, and others.
  • The end-uses for the components include construction industry, transportation industry, automobile industry, entertainment industry, and healthcare industry, among others.
  • The regional markets for 3D mapping and modelling market include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

Key Findings of the Report:

  • The 3D mapping and modelling market is expected to be aided by the advancements and easy access to 3D equipment, including sensors, scanners, and other GPS components.
  • The rising demand from the defence, military, and aerospace sectors are boosting the growth of the industry.
  • The increasing demand for driver-less cars, metros, and other transport systems has resulted in an increased adoption of 3D mapping and modelling.
  • The growing demand from the application sector owing to the increasing use of 3D animation, games, and movies, and the introduction of 3D enabled display devices is also aiding the growth of the market. 
  • The market growth is also being aided by the thriving demand for customised maps as well as open-source routing engines for navigation.
  • The existence of 3D geospatial data in mobile devices and smartphones is anticipated to drive the market growth in the coming years.

Key Offerings of the Report: 

  • The EMR report gives an overview of the global 3D mapping and modelling market for the periods (2016-2020) and (2021-2026).
  • The report also offers the historical (2016-2020) and forecast (2021-2026) markets for the components, applications, end-uses, and regions of 3D mapping and modelling.
  • It assesses the regional price trends of the market for the periods of (2016-2020) and (2021-2026).
  • The report analyses the market dynamics, covering the key demand and price indicators in the market, along with an assessment of the SWOT and Porter’s Five Forces models.

The major players in the global 3D mapping and modelling market are Vricon, Autodesk Inc., Bentley Systems, Incorporated, Trimble Inc., Intermap Technologies, Inc., and others. The comprehensive report by EMR looks into the market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions of the major players.

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Expert Market Research (EMR) is a leading market research and business intelligence company, ensuring its clients remain at the vanguard of their industries by providing them with exhaustive and actionable market data through its syndicated and custom market reports, covering over 15 major industry domains. The company's expansive and ever-growing database of reports, which are constantly updated, includes reports from industry verticals like chemicals and materials, food and beverages, energy and mining, technology and media, consumer goods, pharmaceuticals, agriculture, and packaging.

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