Texas: According to a Markets and Markets (M&M) research report, the 3D mapping and 3D modelling market is expected to reach $7.7 billion by 2018 at a CAGR of 47.9% from 2013 to 2018.
The report titled “3D Mapping Market: Global Advancements, Business Models, Technology Roadmap, Forecasts and Analysis (2013 – 2018)” says that North America is expected to remain as the major market by 2018. In 2013, Europe is expected to account for about 33.1% of the global market, and 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; at a CAGR of 66.38% 2013 to 2018. Asia Pacific (APAC) and Middle East and Africa (MEA) regions would grow at a significant rate, mainly driven by opportunities in countries such as China and India.