3D Reconstruction Technology Market Overview:
The3D reconstruction technology market industry is projected to grow from USD 1.23 Billion in 2023 to USD 2.46 billion by 2030, exhibiting a compound annual growth rate (CAGR) of 12.20% during the forecast period (2023 - 2030).
The tremendous growth has been witnessed in the 3D reconstruction Technology market due to the rising adoption of 3D Technology in the maintenance of museums and cultural heritage. Moreover, the high adoption of 3D Technology among the 3D printing drones and robots, and films and games applications is fueling the market growth in the forecast period. The major key players associated with 3D reconstruction Technology are focusing on rising investments, which can enhance the market performance in the research period.
The global market might experience restraints because of the complexity of the software that is used in GIS applications, visual effect production, and culture heritage documentation.
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Key Players:
Key Companies in the 3D Reconstruction Technology market include,
- Pix4D (Switzerland)
- Agisoft PhotoScan (the Netherlands)
- Autodesk (U.S.)
- Acute3D/Context Capture (Now part of Bentley Systems) (U.S.)
- PhotoModeler/Eos Systems Inc. (Canada)
Market Segmentation:
The worldwide 3D Reconstruction Technology Market has been classified on the basis of type, construction method, and application.
In terms of the construction methods segment, the global market has been segmented into passive and active. Based on the types of construction solution segment, the present market has been classified into 3D reconstruction software and services. Among these, the 3D reconstruction software is estimated to generate the largest market share during the analysis period.
On the basis of application segment, the 3D Reconstruction Technology Market has been categorized into cultural heritage and museum, 3D printing, films and games, and drones and robots. Out of all, the gaming and entertainment application is projected to generate the largest market revenue over the forecast period.
Regional Analysis:
Based on the geographical classification, the global 3D Reconstruction Technology Market has been segmented into various areas such as North America, Europe, Asia-Pacific, and the rest of the world.
As per the analysis report, the North American regional market is estimated to account for the largest market share during the research period. Here, this regional market is growing its market size due to the increasing adoption of advanced 3D Technology in industries and well-established infrastructure in the region. This region includes various industries such as 3D printing, films and games, construction, drones, and robots.
Furthermore, the Asia Pacific region is projected to contribute largely to the global market growth in the review period. Also, this region is considered the fastest-growing region for the years 2017 to 2023. This regional growth is attributed to the presence of major manufacturing hubs in the area. Moreover, the region is expanding because of the emerging economies from developing nations like Southeast Asian countries and China. In addition, the implementation of 3D Technology in different industries like construction, health care, gaming, entertainment sector, and others are expected to show tremendous growth in the region.
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3D Reconstruction Technology Industry Developments:
January (2023): Matterport releases a new version of its 3D capture platform, Matterport Capture 3.0, which includes new features for capturing and editing 3D models.
February (2023): Autodesk releases a new version of its 3D reconstruction software, Autodesk ReCap Pro 2023, which includes new features for creating and editing 3D models from point clouds.
March (2023): Google releases a new 3D reconstruction app for Android, called Google Poly. The app allows users to create and share 3D models of objects and environments.
April (2023): Microsoft releases a new 3D reconstruction app for Windows 10, called Microsoft 3D Builder. The app allows users to create and edit 3D models from a variety of sources, including photos, videos, and point clouds.
May (2023): Apple releases a new 3D reconstruction feature for its ARKit platform. The feature allows developers to create 3D models of objects and environments using the iPhone or iPad's camera.
June (2023): Pix4D releases a new version of its 3D mapping software, Pix4Dmapper 4.0, which includes new features for creating and editing 3D models from drone imagery.
These are just a few of the many 3D reconstruction technology industry developments that have taken place in 2023. The industry is constantly evolving, and it is expected to continue to grow in the years to come.
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