USD 1088 million
Report ID:
SQMIG45D2030 |
Region:
Global |
Published Date: February, 2024
Pages:
157
|Tables:
66
|Figures:
75
3D Reconstruction Technology Market size was valued at USD 1165.25 Million in 2023 and is poised to grow from USD 1247.98 Million in 2024 to USD 2313.73 Million by 2032, growing at a CAGR of 7.1% during the forecast period (2025-2032).
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 Market Size
USD 1088 million
Largest Segment
Software
Fastest Growth
Software
Growth Rate
7.1% CAGR
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The global 3D reconstruction technology market is segmented on the basis of type, end-user, and region. Based on the type, the market is segmented into software and services. Based on the end-user, the market is segmented into Media and entertainment, aerospace and defense, manufacturing, healthcare, and others. Based on the region, the market is segmented into North America, Europe, Asia-Pacific, South America, and MEA.
3D Reconstruction Technology Market Analysis by Type
In 2021, the software segment is projected to hold more than 50% share in the global market. Attributing to technological advancements and product innovations, 3D printing technology is being used in a wide range of applications, resulting in the adoption of a large number of reconstruction software solutions for multi-view images. GIS applications, cultural heritage, media and entertainment, manufacturing, healthcare, and others are some of the major applications in which these 3D reconstruction software solutions are being employed.
3D Reconstruction Technology Market Analysis by End-User
In 2021, the media and entertainment segment of the market is projected to hold more than a 20% share in the market. Attributing to the increasing use of 3D animation in mobile applications, games, and movies around the world, 3D reconstruction technology is becoming more popular. Whereas, by 2027, the healthcare segment is projected to be the second most intriguing application category for the market. In the healthcare industry, it is utilized for medical image analysis. Also, due to multi-view aggregation, it improves accuracy and aids in the planning, simulation, and guidance of medical treatments.
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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.
According to recent market statistics for 3D reconstruction solutions, Asia Pacific is predicted to experience the highest CAGR throughout the forecast period. The market is expected to grow as a result of the region's rising need for mobile mapping systems, rapid growth in the entertainment sector, and widespread use of 3D reconstruction techniques in civil construction. It minimizes communication gaps, harmonizes timelines, and avoids conflicts between the design plan and ongoing construction in the architecture and construction sectors. The market share in Asia Pacific is being driven by the introduction of drones and photogrammetry software.
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3D Reconstruction Technology Market Drivers
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.
It is also widely accepted as a tool for extensive R&D in the healthcare industry. Its use in diagnosing diseases with deep roots up to tissue level has been observed. Companies are increasingly investing in research and development, which is expected to create opportunities for the market.
3D Reconstruction Technology Market Restraints
The major factor that negatively impacts the growth of the market includes the growing costs of technology. Also, the lack of awareness of 3D reconstruction technology and the dearth of skilled personnel is another factor impeding the growth of the global market during the forecast period.
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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.
Top Players in the Global 3D Reconstruction Technology Market
3D Reconstruction Technology Market Recent Developments
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.
Another trending application for the market is healthcare. For medical image analysis, it is, due to its multi-view feature, has been proven to improve accuracy and aid in the planning, simulation, and guidance of medical treatments. 3D reconstruction has also been proven to be helpful in determining the diagnosis of diseases with deep tissue origins.
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates, and Analyses the Data collected utilizing Primary Exploratory Research backed by the robust Secondary Desk research.
According to our analysis, the media and entertainment segment dominated the global 3D reconstruction technology market. Also, a paradigm shift and acceptance of the virtual world by consumers further drives the market growth during the forecast period.
According to our global 3D reconstruction technology market, To maintain the diversity of regional cultures, historical heritage sites must be safeguarded. To raise public understanding of monuments' histories, governments and international organizations around the world are launching preservation and reconstruction projects. Using 3D reconstruction software, it is possible to recreate representations of incomplete historical monuments or disintegrating artifacts. A sculpture or object can be reconstructed in three dimensions to show how it might look in its finished state. Its demand throughout the foreseeable period will be driven by this.
Report Metric | Details |
---|---|
Market size value in 2023 | USD 1088 million |
Market size value in 2031 | USD 2160.35 million |
Growth Rate | 7.1% |
Forecast period | 2024-2031 |
Forecast Unit (Value) | USD Million |
Segments covered |
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Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
Companies covered |
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Customization scope | Free report customization with purchase. Customization includes:-
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Historical Year | 2019 |
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Executive Summary
Market overview
Parent Market Analysis
Market overview
Market size
KEY MARKET INSIGHTS
COVID IMPACT
MARKET DYNAMICS & OUTLOOK
Market Size by Region
KEY COMPANY PROFILES
For the 3D Reconstruction Technology Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the 3D Reconstruction Technology Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the 3D Reconstruction Technology Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the 3D Reconstruction Technology Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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.
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).
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Report ID: SQMIG45D2030
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