3D Reconstruction Technology Market By Type (3D Reconstruction Technology Software, Based On Images & Video, Based On 3d Scanning), By Construction Type (Active Construction, Passive Construction), By End-use Application (Automotive, Aerospace & Defense, Industrial Machinery, Electrical & Electronics, Media & Entertainment, Healthcare, Construction & Architecture) - Growth, Future Prospects And Competitive Landscape, 2019 – 2027

Computer Vision Penetration Across End-Use Applications to Increase Demand for 3D Reconstruction Technology

The 3D reconstruction technology market is expected to reach US$ 1,520.3 million by 2027, growing at a CAGR of 6.47% from 2019 to 2027.3D reconstruction refers to the process of generating a digital model with the 3D appearance of an object from a set of two-dimensional informative images. It is common in computer vision and healthcare applications, such as serial sections generated by computed tomography (CT), magnetic resonance imaging (MRI), or electron microscopy, among several others. 3D reconstruction technology has been demonstrated to be effective in military training, the teleoperation of vehicles, tourism, creating and using story narratives, street navigation, and other applications.

Although commercial applications have yet to be fully explored, advancements in such technology showcase huge potential to solve real-life problems in the future as well. Further, unlike traditional manufacturing, there is no cutting, drilling, or welding operation involved in the reconstruction process. This makes 3D reconstruction a fast, clean, and efficient manufacturing process with a reduced waste of raw materials. Since the manufacturing process is based on a digital model, product designs have become easier to analyze, customize, and manufacture. Considering the significant potential of 3D reconstruction, several global tech giants have started heavily investing in technology through acquisitions of other players in the market. Subsequently, the 3D reconstruction technology market is expected to register rapid growth worldwide in the coming years.

Healthcare Sector to Drive 3D Reconstruction Technology Market Growth

Healthcare is expected to grow the fastest in the 3D reconstruction technology market when compared to its peers. For a better understanding of medical conditions, images play a vital role in medical diagnosis and treatments. 3D reconstruction technology based on deep learning and transfer learning is proving its huge potential across the healthcare sector. 3D reconstruction also detects whether any objects are in the device's working space and alerts medical personnel before a collision occurs.3D reconstruction also opens the path to many new applications utilizing this data, such as 3D video generation and workflow analysis, among others. Steady development in 3-D reconstruction technology would ensure strong adoption across the healthcare segment throughout the forecast period.

End-use Industry Development to Ensure the Fastest Growth of the 3D Reconstruction Technology Market in the Asia Pacific Region Throughout the Forecast Period

3D reconstruction technology is gaining massive traction over traditional analysis methods due to its high precision and efficacy. The 3D reconstruction market, based on geography, was led by North America in 2018. The growth of this region is primarily credited to the growing penetration of 3D reconstruction technology in a number of end-use verticals, especially in the aerospace and defense industries. The U.S. dominated the overall North American market in 2018 and is expected to retain its position in the following years. In 2018, Europe had the second largest 3D reconstruction market share, followed by Asia Pacific. Asia Pacific is also projected to emerge as the fastest-growing region across the forecast period from 2019 to 2027.

Industries are seeking development in the product design process to achieve optimum cost benefit. 3D reconstruction technology, with its ability to enable deep analysis of product design, reduces actual manufacturing costs by a greater margin. Developing automotive, industrial machinery, and electrical and electronics industries, among several others, are projected to augment the growth prospects of the 3D reconstruction market in the Asia Pacific region.

Key players of the global 3D reconstruction technology market profiled in the report include Pix4D SA, Agisoft LLC, Autodesk, Inc., Blackboxcv, Elcovision, Photometric Photogrammetry Software, PhotoModeler Technologies, Capturing Reality s.r.o., Intel Corporation, Skyline Software Systems, Inc., Vi3Dim Technologies, and others.

Periods of History and Forecast

This research report presents the analysis of each segment from 2017 to 2027, considering 2018 as the base year for the research. The compound annual growth rate (CAGR) for each of the respective segments is calculated for the forecast period from 2019 to 2027.

Report Scope by Segments

The 3D Reconstruction Technology market report provides market size and estimates based on market dynamics and key trends observed in the industry. The report provides a holistic view of the global 3D reconstruction technology market based on type, construction type, end-use application, and geography. Key segments covered in the report are as follows:

Key questions are answered in this report.

• What was the market size of 3D reconstruction technology in 2018, and what is the forecast up to 2027?
• Which is the largest regional market for 3D reconstruction technology?
• What are the key market trends observed in the 3D reconstruction technology market?
• Which are the most promising type of construction and end-use application in the 3D reconstruction technology market?
• Who are the key players leading the market?
• What are the key strategies adopted by the leading players in the market?
• What are the key product design trends across different geographies and sub-geographies?

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