Jul 12, 2022   SOURCE: BusinessWire

The Worldwide 3D Reconstruction Technology Industry is Expected to Reach $1,575 Billion by 2028 - ResearchAndMarkets.com

The "Global 3D Reconstruction Technology Market, By Type, By End - User, & By Region - Forecast and Analysis 2022 - 2028" report has been added to ResearchAndMarkets.com's offering.

The Global 3D Reconstruction Technology Market was valued at USD 912.25 Billion in 2021, and it is expected to reach a value of USD 1575.64 Billion by 2028, at a CAGR of more than 8.12% over the forecast period (2022 - 2028).

3D reconstruction technology includes tools that give a three-dimensional framework/prototype of a specific process or product. The 3D designing tools assist project managers, site engineers, and laborers in properly understanding the product/operation in a virtualized environment so that the risk of error may be avoided and the total cost of production can be optimized throughout the actual work process. Traditional computer-aided design (CAD) and 3D modeling are combined in 3D reconstruction technology to build, display, and simulate digital representations of a structure's physical and functional properties throughout its life cycle.

Over the last few years, 3D reconstruction of buildings has been a prominent topic in computer vision and digital photogrammetry. 3D architectural models are widely being used in urban planning, tourism, and other fields. The introduction of deep learning techniques and the availability of large training data sets has resulted in a new generation of methods that can recover the 3D geometry and structure of objects from one or more RGB images without the need for a complex camera calibration process.

Image-based 3D reconstruction is a significant problem and a key component of a variety of applications, from autonomous navigation and robotics to graphics and entertainment. Healthcare, manufacturing, retail, and oil and gas are among some of the key industries that employ 3D reconstruction products and services.

Aspects covered in this report

The global 3D reconstruction technology market is segmented on the basis of type and end-user. 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, Latin America, and MEA.

Driver

  • 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 reconstruction software solutions for multi-view images are being adopted across a wide range of areas which is likely to drive the market growth.
  • 3D reconstruction technology is also widely accepted as a tool for extensive R&D in the healthcare industry. The use of 3D reconstruction 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 3D reconstruction market.

Restraint

  • 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 3D reconstruction technology market during the forecast period.

Key Market Trends

  • An increased number of reconstruction software solutions for multi-view images are being adopted across a wide range of areas. For 3D reconstruction 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 3D reconstruction technology market is healthcare. For medical image analysis, 3D reconstruction technology, 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.

Companies Mentioned

  • Pix4D Sa
  • Photometrix Ltd.
  • Koninklijke Philips Nv
  • Agisoft LLC
  • Photomodeler Technologies
  • Intel Corporation
  • Faro Technologies Inc.
  • Autodesk Inc.
  • General Electric Company
  • Vi3Dim Technologies
  • Quorum Technologies Inc.

For more information about this report visit https://www.researchandmarkets.com/r/3hemyg