Global 3D Reconstruction Technology Market

Global 3D Reconstruction Technology Market Size, Share, Growth Analysis, By Type(Software, Services), By End-User(Media, Entertainment) - Industry Forecast 2024-2031

Report ID: SQMIG45D2030 | Region: Global | Published Date: February, 2024
Pages: 157 | Tables: 66 | Figures: 75

Global 3D Reconstruction Technology Market News

  • In November 2021, Microsoft announced to secure a new patent for enhancing its 3D face shape reconstruction models from a 2D image source. The new patent is expected to enhance the gaming experiences provided by the company. Xbox Series X and PlayStation 5 are two major gaming series offered by the company.
  • In March 2021, Tencent Games and Intel have announced a collaboration to develop a new 3D digital face reconstruction technology. Tencent Games announced the use of Intel's 3rd Gen Intel Xeon Scalable Processors (formerly codenamed Ice Lake) built-in AI acceleration via Intel Neural Compressor (formerly known as Intel Low Precision Optimization Tool) and Intel Deep Learning Boost (Intel DL Boost), both part of Intel oneAPI AI Analytics Toolkit, to deliver the performance and capabilities for this solution. These technologies work together to increase inference efficiency while maintaining accuracy and precision.
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The 3D reconstruction market will reach a value of USD 1300 million by 2028, at a CAGR of 10.20% over the forecast period.

The major technology used in the wide range of applications in 3D reconstruction market is 3D printing technology. The software segment in this market is expected to hold more than 50% share of the market.

Global 3D Reconstruction Technology Market size was valued at USD 1088 million in 2019 and is poised to grow from USD 1165.25 million in 2023 to USD 2160.35 million by 2031, growing at a CAGR of 7.1% in the forecast period (2024-2031).

The market is fragmented in nature. The prominent players operating in the market are constantly adopting various growth strategies in order to gain a competitive share in the market. Product launches, innovations, mergers, and acquisitions, collaborations and partnerships, intensive R&D are some of the growth strategies that are adopted by these key players to thrive in the competitive market. The key market players are also constantly focused on R&D in order to supply industries with the most efficient and cost-effective solutions. 'Autodesk, Inc.', 'Pix4D SA', 'Agisoft LLC', 'Bentley Systems, Incorporated', 'Leica Geosystems AG', 'Trimble Inc.', 'Topcon Positioning Systems, Inc.', '3D Robotics, Inc.', 'DJI', 'Airbus Defence and Space', 'Photogram Technologies', 'Intel Corporation', 'Microsoft Corporation', 'FARO Technologies, Inc.', 'RealityCapture by Capturing Reality', 'Acute3D SAS', 'ReCap Pro by Autodesk', 'Sketchfab Inc.', '3Dflow SRL', 'Rhinoceros 3D by McNeel & Associates'

In 2021, the North American region held the most substantial share of more than 25% in the market. This is attributed to the presence of key players along with the adoption of the latest technologies in the region. The rising number of crimes in the region is another aspect that could promote the use of 3D reconstruction, as technology could aid authorities in solving cases by allowing them to create a 3D reconstruction of the crime scene. Further, The US media and entertainment sector is one of the largest industries in the world. It accounts for one-third of the global media & entertainment industry, with a market value of more than USD 735,000 million. For an instance, in May 2019, 3D reconstruction was used in the film "Equus: Story of the Horse" to capture the first member of the horse family. With the growing desire in the region to repair historical places, governments, as well as numerous educational institutions and private organizations, are getting involved in their restoration. Initiatives like these are likely to increase the region's market in the upcoming years. Furthermore, the dawn of metaverse is also providing growth opportunities to the market.

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