Asia-Pacific Emerged to Be the Fastest-Growing Market for 3D Reconstruction Technology During the Review Period

MRFR Press Release/Market Research Future has published a Cooked Research Report on the Global 3D Reconstruction Technology Market.

The Asian-Pacific 3D Reconstruction Technology Market has been categorized as China, Japan, India, and the rest of Asia-Pacific. China is expected to be a leading country-level market and register a high CAGR. Asia-Pacific region is expected to observe the highest CAGR during the 3D reconstruction technology market forecast period due to the high focus on digitalization, increasing investments, the rapid dev elopment of infrastructure for residential and commercial purposes, and increasing adoption of cloud platforms in the region. Also, the increasing adoption rate of technologies such as artificial intelligence, IoT, cloud computing, and augmented reality and virtual reality are expected to have a positive impact on the 3D reconstruction technology market in the coming years.

3D Reconstruction Technology Market Highlights

The presence of tech giants, such as Pix4D SA, Bentley Systems Incorporated, and Intel Corporation, and heavily investing in technology through acquisitions of other players is one of the driving factors for the growth of the market in North America region. The growing penetration of 3D reconstruction technology in several end-use verticals, especially in the aerospace & defense industry, is also fueling the North America 3D reconstruction technology market.

Germany is one of the leading countries and at the forefront of innovation and technology, and presence of key players in the field of information and communication technology (ICT). Some of the other factors that boost the market growth in the rest of Europe include increased inclination of the government toward the smart industry and smart city, rising adoption of next-generation technologies across the healthcare industries, and the growing technology literacy of people which are supporting the vendors of the 3D reconstruction technology market. Moreover, the expansion opportunities for the US-based market leaders in Western Europe are considerably high, further driving the growth of the market.

Global 3D reconstruction technology Market Share, by Region, 2021 (%)

Source: MRFR Analysis

Covid Impact Analysis

The outbreak of the COVID-19 pandemic has harmed the global economy as it has impacted various sectors, such as construction, mining & geology, manufacturing, education & research, agriculture, and healthcare significantly. The implementation of lockdown restrictions and travel limitations in many countries across the globe resulted in the disruption of the supply chain of goods and materials and the market demand.

However, the 3D reconstruction technology market is expected to grow significantly due to the demand for 3D reconstruction solutions, the rising need for 3D reconstruction technology applications in various sectors, the growing use of the Internet, and the 3D reconstruction technology used for medical imaging. Such factors are attributed to the increased demand for 3D reconstruction technology.

Segmentation

The global 3D reconstruction technology market has been segmented on the basis of component, deployment, application, end-user, construction method, type, and region.

The global market, based on component, has been software, services, drones, and robots. The software of 3D reconstruction technology accounted for the largest market share in 2021 and is estimated to register a CAGR of 13.3% during the review period.

The global 3D reconstruction technology market, based on deployment is bifurcated into cloud and on-premise. The cloud segment is expected to garner high revenue growth in the coming 10 years.

The global market, based on application is bifurcated culture heritage and museum, films & games, 3d printing and others. The films & games segment is expected to garner high revenue growth in the coming 10 years.

The global 3D reconstruction technology market, based on end-user is bifurcated construction, mining, geology, manufacturing, education & research, public safety & inspection agriculture, and others. The construction segment is expected to garner high revenue growth in the coming 10 years.

The global market, based on construction method is bifurcated into active method and passive method. The passive method segment is expected to garner high revenue growth in the coming 10 years.

The global 3D reconstruction technology market, based on type is bifurcated into 3D reconstruction software and based image and video. The based image and video segment is expected to garner high revenue growth in the coming 10 years.

Key Players

Some of the prominent players operating in the global 3D reconstruction technology market include Simactive Inc., Leica Camera AG, Propeller Aerobotics PTY Ltd, Dronedeploy, Shenzhen 3DOE Technology Co., Ltd., 4dage Co., Ltd, Autodesk Inc, Thermo Fisher Scientific, Photomodeler Technologies, Skyline Software Systems Inc, Intel Corporation, Matterport, Inc, Occiptal, Inc., Vi3dim Technologies, Pms AG, Photometrix Photogrammetry Software, Bentley Systems, Incorporated, Capturingreality (Epic Games Slovakia S.R.O), Agisoft LLC, and Pix4d SA