3D Mapping System Market: Introduction
3D mapping system is a technology used to project an object on a display surface with the help of spatial mapping. Rising demand for 3D technology in various verticals to analyze the information or model at a granular level accelerated the 3D mapping system market, globally.
3D Mapping System Market: Dynamics
Rising demand for 3D mapping systems from various verticals for model or data analysis
Rising demand for 3D mapping from various organizations to analyze models or projects at the granular level helps companies to reduce production time and cost and increase productivity. The 3D mapping system helps the team to digitally review the project and helps in reducing mistakes or errors. In addition, the integration of 3D mapping with various designing solutions helps project managers and engineers to examine the project and take better decision, thus helping companies to reduce production waste and cost. Moreover, the high adoption of the 3D mapping system in the construction industry is one of the key factors driving the market. Urbanization majorly in developing regions has accelerated the demand for 3D urbanization mapping. Simulation is a major application which is extensively used for flood modeling in 3D urban mapping.
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Asia Pacific market projected to expand at the highest CAGR in the global 3D mapping system market
Based on region, the 3D mapping system market can be segmented into North America, Europe, Asia Pacific, South America, and Middle East & Africa.
The market in Asia Pacific is expected to expand at the highest CAGR in the global 3D mapping system market during the forecast period. India, China, Japan, and Australia are the major countries that drive the 3D mapping system market in the region. Increasing construction and infrastructure development activities in Asia Pacific countries is a key driving factor that accelerates the demand for 3D mapping systems. In addition, adoption of advanced technology such as 3D printing and drones for productivity improvement drives the market in this region.
North America accounted for largest market share in 2018 and is anticipated to retain its dominance throughout the forecast period. The U.S. and Canada are the major countries that drive the market in this region.
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Construction segment anticipated to account for largest share during the forecast period
Based on industry, the 3D mapping system market can be bifurcated into automotive, construction, healthcare, media & entertainment, energy & utility, and others. In 2018, the construction segment held the dominant position and is anticipated to retain its dominance throughout the forecast period. Construction companies use a 3D mapping system to develop computer-generated construction project models that provide a succinct view of the project, landscape, construction site, etc. In addition, advantages such as improvement in productivity, reduction of wastage, reduced construction cost and time, better performance, and quality of products have also accelerated the segment in the market. The healthcare segment is projected to expand at the highest CAGR during the forecast period. Rising demand for advanced solutions from hospitals and clinics to improve healthcare services impacts the segment in the 3D mapping system market.
Key Players Operating in the Global 3D Mapping System Market
- Key players in the global 3D mapping system market are listed below:
- Airbus SE
- Alphabet Inc.
- Apple Inc.
- Autodesk, Inc.
- Bentley Systems, Incorporated
- Dassault Systemes SE
- Esri Global Inc
- Flight Evolved
- Intermap Technologies Inc
- MAXON Computer GmbH
- Mitsubishi Electric Corporation
- Topcon Corporation
- Vricon Inc
Figure: Global 3D Mapping System Market, by Competitive Landscape
Global 3D Mapping System Market: Research Scope
Global 3D Mapping System Market, by Application
- Inspection and Measurement
- Object Reconstruction
- 3D Projection and Navigation
Figure: Global 3D Mapping System Market, by Application
Global 3D Mapping System Market, by Industry
- Media & entertainment
- Energy & Utility
Global 3D Mapping System Market, by Region
- North America
- Rest of North America
- Rest of Europe
- Asia Pacific
- Rest of Asia Pacific
- South America
- Rest of South America
- Middle East & Africa
- South Africa
- Rest of Middle East & Africa
Figure: Global 3D Mapping System Market, by Region
The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.
This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.
Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:
- Customer Experience Maps
- Insights and Tools based on data-driven research
- Actionable Results to meet all the business priorities
- Strategic Frameworks to boost the growth journey
The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.
The following regional segments are covered comprehensively:
- North America
- Asia Pacific
- Latin America
- The Middle East and Africa
The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.
Below is a snapshot of these quadrants.
1. Customer Experience Map
The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.
2. Insights and Tools
The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.
3. Actionable Results
The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.
4. Strategic Frameworks
The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.
The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:
1. What can be the best investment choices for venturing into new product and service lines?
2. What value propositions should businesses aim at while making new research and development funding?
3. Which regulations will be most helpful for stakeholders to boost their supply chain network?
4. Which regions might see the demand maturing in certain segments in near future?
5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?
6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?
7. Which government regulations might challenge the status of key regional markets?
8. How will the emerging political and economic scenario affect opportunities in key growth areas?
9. What are some of the value-grab opportunities in various segments?
10. What will be the barrier to entry for new players in the market?
Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.