3D Mapping and 3D Modeling Market – Increasing Need for Video Games and Animation Measures for 3D Modelling Boost Growth

According to a new report by Transparency Market Research (TMR), the global 3D mapping and 3D modelling market has a largely consolidated competitive landscape. Autodesk, Inc, NewTek, Inc. (Lightwave3D), Blender Foundation, The Foundry, Pixologic, 3D-Coat, Apple, Inc, Incorporated are the top players in this market and collectively, they acquired nearly 75% of the overall market in 2013. For the highest market share the market accounting was dominated by Autodesk Inc in the year of 2013.

In terms of geography, the research report segments the worldwide market for 3D mapping and 3D modelling into North America, Europe and Asia Pacific. With a share of 36.5%, North America led the global market in 2013. Rising number of restructuring of ancient buildings, castles, forts, and visualization of future construction projects stimulate the market growth in the region. The rising use of 3D modelling and mapping solutions for applications such as high resolution 3D geospatial data, developing 3D city models, traffic control and disasters also influences the market growth in this region, which is expected to remain high throughout the forecast period.

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“Trends such as navigation and mapping by utilizing 3D mapping technologies in electronic devices are anticipated to lead to steady growth opportunities for the market,” states a research analyst at TMR. The rising population and the swift increase in urbanization and industrialization are resulting into a large number of construction projects. The market growth is also driven by this factor, as the consumers are highly concerned about visualizing the construction sites and models before starting of the actual process. In this way, development of connected infrastructure across the globe stimulates the market growth.

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Pragati Pathrotkar

As one of the lead news writers on cmfenews, Pragati’s specialization lies in the science and technology domains. Her passion for the latest developments in cloud technology, connected devices, nanotechnology, and virtual reality, among others, shines through in the most recent industry coverage he provides. Pragati’s take on the impact of digital technologies across the science, technology, and business domains gives her writing a fresh and modern outlook.

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