3D Reconstruction Technology Market Forecasts to 2028 - Global Analysis By Type, Component, Construction Method, Deployment, Application, End User, and By Geography

According to Stratistics MRC, the Global 3D Reconstruction Technology Market is accounted for $920.76 million in 2022 and is expected to reach $1,667.10 million by 2028 growing at a CAGR of 10.4% during the forecast period. 3D reconstruction technology is a procedure of capturing the shape and manifestation of real objects. This process can be practiced either by active or passive methods. This is the technology that includes tools that provide a three-dimensional framework of the specific operation or product. These tools help project managers, site engineers as well as site laborers to clearly understand the product in a virtualized environment. The 3D reconstruction technology combines traditional computer-aided design (CAD) and 3D modeling in order to design visualize, and simulate a digital representation of the physical and functional characteristics of a structure over its life cycle. These services and tools are widely used in various sectors including manufacturing, healthcare, oil & gas and retail.

US media and entertainment industry is among the largest in the world at USD 735 billion it represents one-third of the global M and E industry. For instance, in May 2019, a research team discovered 99-million-year-old millipede in Burmese amber and the description of an entirely new suborder was possible due to the 3D reconstruction of the fossil.

Market Dynamics:

Driver:

Increase in adoption of 3D construction tools for preservation and restoration of heritage sites

Historical heritage sites must be sheltered to conserve the culture of diverse regions. Governments across the globe and international organizations are undertaking initiatives to preserve and reconstruct monuments in order to increase awareness about their history. 3D reconstruction software helps in recreating images of historical monuments that are not complete or objects that are worn out and decaying. 3D reconstruction gives an idea of how an object or a sculpture would appear if it was complete. Adoption of 3D reconstruction software is expected to surge, as heritage monuments are getting older and need to be reconstructed or preserved. In April 2022, the Danish National Commission for UNESCO collaborated with Blue Shield Denmark to launch the Backup Ukraine program. The program is aimed at digitally preserving Ukraine's cultural and historical monuments, architectures, and statues, including UNESCO-recognized heritage sites that were destroyed during the Russian invasion of Ukraine. The program enables people to take a 3D scan of an object with their iPhone or iPad using the Polycam application and upload digital renderings of important landmarks. Thus, increase in focus on preserving and reconstructing historical and heritage sites are augmenting the global 3D reconstruction technology market.

Restraint:

High cost of 3D reconstruction technology

The cost of 3D reconstruction technology is high and thus, it will not be commonly available. This may hinder growth of the global market. The cost of 3Dreconstruction is declining due to the maturing of this technology; however, the inexpensive 3D reconstruction scanners on the market may not be able to generate a clearpoint cloud model as expected.

Opportunity:

Rise in demand for passive 3D reconstruction technology in industrial and healthcare sectors

3D reconstruction technology can be segmented into active and passive. Active construction involves real-time representation of objects that are to be reconstructed, while passive construction entails the reconstruction of images that are obtained from the repository. espousal of passive 3D reconstruction technology is higher than that of active construction technology. Ultrasonic imaging technique is one of the widely used active construction methods for 3D imaging in diverse industrial and medical applications. It can be used for 3D surface prototyping of an object, which helps in real-time monitoring of a wheel/rail system, measurement of the contact area between milling cutters and work-pieces, diagnosis of wear in machining tools, and non-destructive testing of cracks inside machine parts. The usage of active construction has increased in the healthcare industry during surgeries and operative treatments. 3D reconstruction solutions for jaw or facial reconstruction involve the printing of full-scale replicas of skulls.

Threat:

Lack of skilled professionals

The global market growth is restricted by a lack of skilled professionals. 3D reconstruction from images plays a major role in computer vision, with massive improvements concerning both quality and performance. One of its main applications is in the generation of 3D models of objects that are difficult to model and require skilled users. As 3D reconstruction is divided into three processes, namely, planning, flight execution, and processing, the first design steps of the imaging system and the flight plan are the decisive factors for the overall project quality, and they are mutually dependent. However, the post-processing solutions for 3D reconstruction require skilled users for the first design phase and for tuning the post-processing parameters afterward, in order to eventually get the best possible quality of reconstruction. The lack of skilled users may continue to challenge the market's growth.

COVID-19 Impact

Many industries across the globe have been negatively impacted over the last few years. This is attributed to significant disruptions experienced by their respective manufacturing and supply-chain operations because of various precautionary lockdowns, as well as other restrictions that were enforced by governing authorities across the globe. The same applies to the global 3D reconstruction technology market. Furthermore, consumer demand has subsequently reduced as individuals are now keener on eliminating non-essential expenses from their respective budgets as the general economic status of most individuals has been severely affected by this outbreak. However, as respective governing authorities begin to lift these enforced lockdowns, the global 3D reconstruction technology market is expected to recover accordingly.

The software segment is expected to be the largest during the forecast period

The software segment is estimated to have a lucrative growth, due to its rising use for medical practices and video surveillances and rising utility of 3D reconstruction software in image synthesis applications as well as medical and life-sciences imaging. 3D reconstruction software allows designers to explore a greater number of possibilities during the design process while making revisions quickly and efficiently. With technological advancements and product innovations, 3D printing technology is being applied in a wide variety of areas, due to which a significant number of reconstruction software solutions for multi-view images are being adopted. The software solutions used in a wide variety of applications are GIS applications, cultural heritage, media and entertainment, manufacturing, healthcare, etc.

The healthcare segment is expected to have the highest CAGR during the forecast period

The healthcare segment is anticipated to witness the fastest CAGR growth during the forecast period, due to a rise in the use of technological advancements in the healthcare industry and increasing innovation and investment in healthcare applications, such as organ prototyping, modeling, and production. In the healthcare sector, the 3D reconstruction technology is gathering traction as it can be incorporated with magnetic resonance imaging (MRI) in order to develop 3D models of internal body parts. Hence, patients need not go through a surgery in order to get clear picture on the malfunctioning and damage of the body part. The usage of 3D reconstruction could allow doctors to better understand the bone structure.

Region with highest share:

North America is projected to hold the largest market share during the forecast period owing to extensive adoption of advanced technologies in industries such as films and games, construction and automotive, the region's well-established infrastructure, rise in the initiatives by the government for the preservation of cultural heritage, and early adoption of technologies in countries such as the U.S. and Canada. Several governments in the region have adopted 3D reconstruction technology for site assessments and investigations, crime scene reconstruction using 3D computers, and situational awareness. In accident reconstruction, 3D reconstruction technology recreates scenes with aerial mapping to obtain accurate data at low cost and with less risk to investigators and motorists.

Region with highest CAGR:

Asia Pacific is projected to have the highest CAGR over the forecast period, owing to the the occurrence of major key players, rapid expansion in the entertainment industry, wide adoption of 3D reconstruction techniques in civil construction, and surge in demand for mobile mapping systems in the region. Moreover, emerging economies such as China, India, and Southeast Asian countries are pegged to be key drivers for 3D reconstruction technology in Asia Pacific.

Key players in the market

Some of the key players profiled in the 3D Reconstruction Technology Market include General Electric Company, Quorum Technologies Inc., Pix4D SA, Capturing Reality s.r.o., Photometrix Ltd., Matterport, Inc., Koninklijke Philips NV, Skyline Software Systems, Bentley Systems Incorporated, Intel Corporation, Faro Technologies Inc., Vi3Dim Technologies, Agisoft LLC, Airbus S.A.S., Photomodeler Technologies, Autodesk Inc., and Occipital, Inc.

Key Developments:

In July 2022, Skyline Software Systems, Inc., a provider of 3D Earth visualization software and services, announced a partnership with PASCO Corporation to launch TerraExplorer, a 3D GIS desktop application, in Japan. 3D reconstruction technology-enabled TerraExplorer provides a high-resolution 3D environment and tools to view, analyze, query, and present geospatial data.

In October 2019, Pix4D SA launched two new products at its user conference in Denver, namely, Pix4Dsurvey and Pix4Dreact. Pix4Dsurvery bridges the gap between CAD and photogrammetry software, by allowing integration in accordance with user-specified custom layers and properties, while Pix4Dreact allows for faster mapping during emergency response. Both the products leverage the suite of company's 3D software solutions.

In June 2019, Intel expanded the Intel RealSense product line with the Intel RealSense Depth Camera SR305. The SR305 is a coded light, a standalone camera that provides a low-cost depth solution that is ideal for getting started with depth technology and could be used in various 3D reconstruction applications. Development and programming are supported by the open-source Intel RealSense SDK 2.0.

Types Covered:

• Based on Images and Video
• 3D Reconstruction Software
• Based on 3D Scanning

Components Covered:

• Services
• Software
• Wireless Security
• Mobile Security
• Cloud Security

Construction Methods Covered:

• Active Construction
• Passive Construction

Deployments Covered:

• Cloud
• On-Premises

Applications Covered:

• 3D Printing
• Culture Heritage and Museum
• Drones and Robots
• Films and Games
• Computer Aided Geometric Design (CAGD)
• Digital Media
• Computer Graphics
• Civil Engineering
• Product Design & Development
• Medical
• Public Safety & Forensics
• Mapping & Surveying
• Archeology & Documentation

End Users Covered:

• Architecture & Construction
• Manufacturing
• Healthcare
• Mining & Geology
• Agriculture
• Media & Entertainment
• Government, Public Safety, & Inspection
• Oil & Gas
• Industrial Machinery
• Aerospace & Defense
• Electrical & Electronics
• Real Estate & Engineering Survey
• Education & Research
• Marine
• Energy

Regions Covered:

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • UK
  • Italy
  • France
  • Spain
  • Rest of Europe
• Asia Pacific
  • Japan
  • China
  • India
  • Australia
  • New Zealand
  • South Korea
  • Rest of Asia Pacific
• South America
  • Argentina
  • Brazil
  • Chile
  • Rest of South America
• Middle East & Africa
  • Saudi Arabia
  • UAE
  • Qatar
  • South Africa
  • Rest of Middle East & Africa

What our report offers:

• Market share assessments for the regional and country-level segments
• Strategic recommendations for the new entrants
• Covers Market data for the years 2020, 2021, 2022, 2025, and 2028
• Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
• Strategic recommendations in key business segments based on the market estimations
• Competitive landscaping mapping the key common trends
• Company profiling with detailed strategies, financials, and recent developments
• Supply chain trends mapping the latest technological advancements

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• Regional Segmentation
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