What is the global market size of 3D Reconstruction Technology Market?

Global 3D Reconstruction Technology Market size was valued at USD 1088 million in 2021 and is poised to grow from USD 1165.25 million in 2022 to USD 2160.35 million by 2030, growing at a CAGR of 7.1% in the forecast period (2023-2030).

What is the key driver of Global 3D Reconstruction Technology Market?

The key aspect driving the market growth is increased use of 3D reconstruction technology for a variety of applications such as media and entertainment, manufacturing, healthcare, GIS applications, cultural heritage, and other approaches such as 123D Catch, PhotoScan, photo tourism, VideoTrace, KinectFusion, and ProFORMA are being used. An increased number of software solutions for multi-view images are being adopted across a wide range of areas which is likely to drive the market growth.

What is the key market trend for Global 3D Reconstruction Technology Market?

An increased number of reconstruction software solutions for multi-view images are being adopted across a wide range of areas in various areas such as media and entertainment, manufacturing, healthcare, GIS applications, cultural heritage, and others approaches such as 123D Catch, PhotoScan, photo tourism, VideoTrace, KinectFusion, and ProFORMA are being used.

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 Insights

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 global market is being driven by an increase in its usage in design and construction. Historical monuments and cultural heritage places are digitally preserved and rebuilt using this technology with AR and VR. The market is also being boosted by the increased use of 3D imaging in the manufacturing, media & entertainment, and healthcare sectors. Magnetic Resonance Imaging (MRI) and 3D reconstruction technology are combined to create 3D models of internal organs that can be used to diagnose damage and dysfunction without the need for surgery. As the metaverse develops, there will probably be a greater demand for 3D reconstruction services to produce digital duplicates of real places, things, and people.

The necessity for high precision and exact prediction in public safety applications is driving the demand for these software. Law enforcement and commercial security organizations can generate 3D models of locations like convention centers, stadiums, and parade routes where big people may congregate with the aid of 3D reconstruction. With the aid of these models, organizations can practice public safety and exit drills and mimic potential dangers. Additionally, 3D crime scene reconstruction aids in presenting complex material to a jury in a way that is clear, succinct, and interesting.

US 3D Reconstruction Technology Market is poised to grow at a sustainable CAGR for the next forecast year.

Global 3D Reconstruction Technology Market Report Snapshots

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FAQs

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.

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

Global 3D Reconstruction Technology Market Insights

Global 3D Reconstruction Technology Market Report Snapshots

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