Market Overview
3D reconstruction is an emerging and unique technology which helps to capture the appearance and shape of real objects. The technology has gained massive commercial success since it finds application in multiple use cases. Market Research Future (MRFR) has recently published a new report on the global 3D Reconstruction Technology Market and has predicted a CAGR of 23% in the market over the forecast period of 2017-2023. The market is expected to reach a valuation of USD 684 Mn by the end of 2023.
3D reconstruction technology has promising implications on diverse industry verticals. They are used in archaeology to reconstruct various historical figures, artifacts, or places by building models. Use of 3D reconstruction technology to process images can aid in various developmental processes, which is generating massive demand within the market.
In the healthcare sector, 3D reconstruction technology is being used to improve healthcare outcomes. Using the technology, surgeons are better able to understand the anatomy of a patient, which helps in improving the efficacy of surgeries. Other application areas include gaming, virtual reality, motion capture, robotic mapping, city planning, earth observation. The expanding AR and VR technology is also opening up avenues for the growth of the market. Furthermore, the use of 3D reconstruction technology has percolated within the education and media industry where are highly beneficial for presentation purposes. The market is expected to witness parallel growth along with the growth of the robots, drones, and 3D printing industry.
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Industry Updates
January 2019 – a team of researchers from the University of Washington introduced a new technique which could be a milestone in the 3D reconstruction technology. The new technique cuts 2D image characters straight from static images to transform them into 3D animations. Dubbed as the Photo Wake-Up method can be used along with other techniques to create realistic assets.
Key Players:
Some of the prominent players in the global 3D reconstruction technology market: Pix4D (Switzerland), Agisoft PhotoScan (the Netherlands), Autodesk (U.S.), Acute3D/Context Capture (Now part of Bentley Systems) (U.S.), PhotoModeler/Eos Systems Inc. (Canada), Photometrix, Elcovision/PMS AG (Australia), Matterport (U.S.), 4Dage Technology (China), Shenzhen Zhineng (China), Shixian Technology (China) and others.
Market Segmentation
The global 3D reconstruction technology market has been segmented in the report on the basis of construction method, type, and application. Construction method has been primarily segmented into active, and passive.
Type has been divided, in MRFR’s report, into based on images & video, based on 3D scanning, and 3D reconstruction software.
Applications have been segmented to include 3D printing, drones, robots, films & games, culture heritage & museum, computer-aided geometric design (CGAD), computer animation, computer graphics, computer vision, computational science, virtual reality, digital media, medical imaging, and others.
Regional Analysis
North America has found itself in a leadership position as the market includes developed economies such as the U.S and Canada where there are several leading market players. Moreover, there is a high adoption for 3D imaging technology and various industries actively use such technology. The Asia Pacific market is expected to be the fastest growing regional market due to the presence of a major manufacturing sub. Emerging economies in the region have rich historical cultures where 3D reconstruction technology may be used. Rising economic status is expected to drive the adoption of 3D technology in various industry verticals. Country-level markets in the region of note include India, China, Japan, and South Korea among others.
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Intended Audience
- Technology Investors
- Research/Consultancy firms
- Technology Solution Providers
- Original Equipment Manufacturers
- Construction companies
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