The new report by Expert Market Research titled, ‘Global 3D Reconstruction Market Size, Report and Forecast 2023-2028’, gives an in-depth analysis of the global 3D reconstruction market assessing the market based on its segments like components, end use and major regions.
The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analysing the market based on the SWOT and Porter’s Five Forces models.
The key highlights of the report include:
Market Overview (2022-2028)
- Historical Market Size (2022): USD 800 million
- Forecast CAGR (2023-2028): 1%
- Forecast Market Size (2028): USD 1,277 Million
The increasing number of technological developments in 3D reconstruction technology is helping to drive the market for 3D reconstruction forward. However, a scarcity of trained individuals and the high cost of 3D reconstruction technologies are projected to stymie the worldwide industry.
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Industry Definition and Major Segments
3D reconstruction is a technique for capturing the shape and look of real-world objects. The active and passive building methods can both be used to complete this procedure. It can depict minute features of an item and has uses in a variety of areas, including healthcare, manufacturing, aerospace, and defense.
Based on components, the market is divided into:
The significant end uses of 3D reconstruction include:
- Media and Entertainment
- Aerospace and Defence
On the Basis of region, the market can be divided into:
- North America
- Asia Pacific
- Latin America
- The Middle East and Africa
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The software category holds a major proportion of the market in terms of components and is expected to develop significantly during the projected period. This is due to the increasing use of 3D reconstruction software in image synthesis applications, as well as medical and life-sciences imaging, which is expected to grow in the projected period.
The market is expected to increase steadily because 3D reconstruction software allows designers to explore a higher number of options during the design phase while making adjustments faster and more efficiently. Furthermore, the software's time-effectiveness is driving its adoption in exceedingly complicated designs, which is expected to drive industry growth. Growing awareness of the necessity of proper data management is expected to boost the 3D reconstruction industry's growth over the forecast period.
The increased adoption of 3D reconstruction and 3D imaging technologies in many industries, such as military and defence, aerospace, media and entertainment, and healthcare, is expected to boost the 3D reconstruction industry in North America. The increased creation of 3D films in Hollywood is expected to increase demand for 3D reconstruction technology in the media and entertainment sector. The market in the area is further expected to benefit from technical improvements in the military and defence sectors, which are expected to drive demand for 3D reconstruction technology throughout the projected period.
Key Market Players
The major players in the market are Autodesk Inc., FARO Technologies, Inc., Pix4D SA, Geodetic Systems, Inc., among others. The report covers the market shares, capacities, expansions, investments and mergers and acquisitions, among other latest developments of these market players.
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