LiDAR driven 3D maps market to grow at 9% CAGR till 2020

LiDAR driven 3D maps market to grow at 9% CAGR till 2020

SHARE

US: According to a report published on the Global 3D Mapping and Modelling Market, 3D mapping is gaining popularity in the healthcare sector and is increasingly being used to map human anatomy and helps in the modelling surgeries. The analyst also forecast global 3D mapping and 3D modelling market to grow at a CAGR of 9% during the period 2016-2020.

Increased use of LiDAR is the major trends in 3D mapping and modelling markets. LiDAR, a remote sensing technology, is used to measure distance. The target is illuminated with light from a laser, and the reflected light is analyzed to determine the distance. It provides accurate data regarding the terrain. The data from LiDAR is processed in point cloud format and converted to a 3D image by way of various techniques, like Delaunay triangulation. The analysts forecast global 3D mapping and 3D modelling market to grow at a CAGR of 9% during the period 2016-2020.

The augmented utilization of 3D mapping techniques in the healthcare sector is the primary growth driver for this 3D mapping and modelling market. In the healthcare sector, 3D mapping is increasingly being used to map the human anatomy and is also used for modelling during surgeries. Furthermore, its ability to effectively detect cancer cells is a significant factor that will impel market growth until the end of 2020.

In the market study, analysts have estimated the North American region to be the largest 3D mapping and modelling market during the forecast period. This region currently accounts for about 40% of the total market share and is envisaged to grow at an impressive CAGR of around 45% until 2020.

Source: Free Press Release