Market Overview

The 3D mapping & 3D Modelling Market will register USD 6 billion at a CAGR of 26% from 2017 to 2023. Due to the extensive use of artificial intelligence by the market players in enhancing market growth. 3D mapping and modeling is a technology used to make the 3D environment. Many construction sites use this method to better view the projects or constructions. It is an effective tool for architects to estimate the materials required and the basic cost for constructing the building. 3D mapping & 3D Modelling is used by many sectors such as healthcare, construction, entertainment and many more. It is used in the automation industry for the design of vehicles. Healthcare industries use this technology for examining the human body for the better detection of diseases. Electronic gadgets like mobile tablets have been equipped with this technology from manufacturing time. In the pandemic, the hardware industry suffered a lot, affecting the 3D mapping & 3D Modelling Market. Due to the outbreak, the construction site was on halt, and less availability of workers also hindered the market growth. Demand for 3D viewing will fuel the market growth. In earlier times, the 3D mapping was not present, which increased the growth. The cost required for making 3D content and HD quality is becoming a restraining factor.

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Market Segments

Applications, verticles, and industry are the 3D mapping & 3D Modelling Market segments. Based on the segment industry, the market is divided into government, aerospace, defense, automotive, transportation, healthcare, construction and engineering, energy and utilities, media and entertainment and others. The engineering and construction will experience the highest growth due to 3D mapping and modeling in the construction of the building. The 3D mapping & 3D Modelling Market is bifurcated into inspection and measurement, object reconstruction, 3D projection and navigation, virtualization, etc. The projection and navigation segment will register high CAGR due to 3D-based technology to match videos to the building. By application segment, the market is bifurcated into 3D modeling, 3D projection mapping,3D laser mapping, 3D texture mapping. Each segment will contribute to the market's growth in the forecast period.

Regional Analysis

The 3D mapping & 3D Modelling Market is functional in North America, Asia Pacific, Europe, Latin America and Africa. The Asia Pacific region will register the highest growth rate until 2023. The high population and increased use of software tools in the Asia Pacific region will increase the market growth. Demand for visualization, imagining sensors, modeling is also a growth factor for the market in the region. Realistic yet virtual views in different organizations fuel the 3D mapping & 3D Modelling Market growth. North America will also showcase a high growth rate during the forecast period. Increasing demand for 3D imaging sensors and visualization in different sectors like healthcare, construction, manufacturing, entertainment and others contributes to the market growth.

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Industry News

A recent personalized heart modeling technique predicts abnormal heart rate in patients with genetic heart diseases and can also detect the risk of sudden death.

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