Global Statistics Representing 3D Reconstruction Technology Market Scenario
3D reconstruction is the process of capturing and generating a computer model that replicates the shape and appearance of real objects by either active or passive methods. The active method uses the mechanical or radiometric method while the passive method uses sensors to estimate the radiance released by the surface of an object to infer its 3D modal. This technology is commonplace in computer vision and healthcare applications such as electron microscopy or Magnetic Resonance Imaging (MRI) and serial sections generated by Computed Tomography (CT). 3D reconstruction technology also finds application in video surveillance, video simulation and mapping.
High adoption 3D reconstruction technology in the maintenance of culture heritage and museums and creation of films & games is a key factor driving market growth. There is an increasing commitment to preserve and maintain culture heritage with its growing importance as a cultural, social and economic resource in modern societies. Introduction of efficient and cost-effective 3D reconstruction technology further accelerates growth of the 3D reconstruction market. In addition, application of 3D reconstruction technology in construction and automotive industries is slated to propel growth of the 3D reconstruction technology market.
Trends In 3D Reconstruction Technology
The global 3D reconstruction technology market is expected to grow at a CAGR of 8.1% during the forecasted period, 2019–2026.
Market Segmentation Trends
The 3D reconstruction technology market has been segmented on the basis of construction method, type, application, and geography.
On the basis of construction method, the market has been segmented into active and passive.
On the basis of type, the market has been segmented into software, images and video, and 3D scanning.
On the basis of application, the market has been segmented into culture heritage and museum, films & games, 3D printing, Computer Aided Geometric Design (CAGD), and digital media.
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From a geographical perspective, the global 3D reconstruction technology market has been segmented into North America, Europe, Asia Pacific, and Latin America and the Middle East and Africa (LAMEA).
Among all regions, North America accounts for the largest share in the 3D reconstruction technology market, owing to extensive adoption of advanced technologies in industries such as films and games, construction and automotive.
Europe, with remarkable advancements in technology and strong investments, is slated to be a prominent region globally in terms of market growth. Presence of noteworthy market players such as Agisoft and Pix4D further contributes to growth of 3D reconstruction technology in the region.
Asia Pacific is anticipated to exhibit the fastest growth in the 3D reconstruction technology market, backed by strong economic growth and emergence of the region as global manufacturing hub. Emerging economies such as China, India, and Southeast Asian countries are pegged to be key drivers for 3D reconstruction technology in Asia Pacific.
The LAMEA region is expected to witness healthy growth in the 3D reconstruction technology market during the forecast period, stemming from the increasing demand for 3D reconstruction technology in the region’s film and game industry.
Some of the key players operating in the 3D reconstruction technology market are Agisoft (The Netherlands), Pix4D (Switzerland), Autodesk Inc. (U.S.), PhotoModeler Technologies (Eos Systems Inc.) (Canada), Bentley Systems, Incorporated (U.S.), Photometric Photogrammetry Software (Australia), 4DAGE Ltd. (China), Matterport (U.S.), Paracosm (Occipital, Inc.) (U.S.), and Vi3DIM Technologies (Israel).
3D Reconstruction Technology Market Segmentation
By Construction Method
While 3D reconstruction technology has been recording noteworthy demand from a multitude of industries, underwater inspection comprises a key area with growth potential. Offshore oil rigs, undersea power and data cables and large pipe networks are among the main applications in underwater inspection technologies. Thus, several players have been exploring avenues to tap into existing opportunities in this sphere.
This report offers key insights pertaining to the 3D reconstruction market with emphasis on recent developments across geographies and development strategies adopted by prominent market participants. The following sections have specifically been covered in the report.