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ByteBridge Launches World’s First Mobile 3D Point Cloud Data Labeling Service

ByteBridge: a Human-powered and ML-powered Data Labeling SaaS Platform

ByteBridge, a data labeling service operated on the Maro Blockchain has launched the world’s first mobile-based 3D Point Cloud data labeling service.

ByteBridge 3D Point Cloud Annotation Operation

3D Point Cloud

3D Point Cloud is a collaboration of numerous dots (data points) spread throughout a 3D space, where data points are collected through sensors like LiDAR. The sensors emit light and calculate the time in which it takes to be reflected back into the sensor to create each dot. The collected dots are compounded to present a complete image as shown below.

Source: Velodyne LiDAR

3D Point Cloud is widely used for product development and analysis in fields related to architecture, aerospace, driving, traffic, medical equipment, regular consumer items, and more. The potential use cases and applications are only expected to increase in the future.

3D Point Cloud Market Size

Among the many industries that utilize 3D Point Cloud, the autonomous driving industry considers 3D Point Cloud one of its most important components… The market size of the autonomous driving industry is estimated to be around $7,100,000,000 in 2020. And, as it is foreseen to show an annual growth rate of 41.0%, the expected market size by 2035 is about $1,120,400,000,000.

The core technology in the autonomous driving industry is the sensor, where one of the most widely used sensors, LiDAR, has shown a 113% growth rate since 2020. LiDAR is expected to reach a market valuation of $1,700,000,000 by 2025. In tandem with the noteworthy growth of sensors, the 3D Point Cloud applications are anticipated to be broadened as well.
Reference:
SAMJONG KPMG, IRS GROBAL

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Source: Brian CHEONG( CEO of ByteBridge)

Relevant Articles:

1 What’s LiDAR and What’s 3D Point Cloud?

2 How Much Will We Get the Mass-production of Self-driving Car and How Long Will We Wait for?

3 Application of 3D Point Cloud in the Field of Automatic Driving

4 Three Reasons for the Growing Demand of 3D Point Cloud Data in Automatic Driving in 2021

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