The global 3D reconstruction technology market is expected to grow because more people need it for complicated designs and really big construction projects. This technology is crucial for making smart cities by planning things well and using resources in the best way possible. This is another reason why the global market is predicted to get bigger in the coming years. Also, different industries are using 3D reconstruction technology more and more, and this is likely to boost the market even more.
People are using 3D reconstruction technology not just in construction but also in archaeology. They're using it to recreate historical things like figures, artifacts, and places by making models. This is becoming a big reason for the growth of the global market. Additionally, the use of 3D reconstruction technology in processing images is becoming more important for various developmental processes. This is expected to be a significant factor in the growth of the global 3D reconstruction technology market.
In simpler terms, the world needs 3D reconstruction technology more and more because it's really helpful in designing complicated things and handling huge construction projects. Making smart cities also relies on this technology. Different industries and even archaeologists are using it to recreate and understand historical things. This growing use of 3D reconstruction technology in various areas is why the market is expected to get bigger.
Report Attribute/Metric | Details |
---|---|
Market Opportunities | · Advances in technology and modernization |
Market Dynamics | · The construction sector is experiencing a surge in the use of 3D reconstruction technology · Maintaining cultural heritage and museums with 3D technology is becoming increasingly common. |
3D Reconstruction Technology Market Size was valued at USD 1.1 billion in 2022. The 3D 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 high adoption of 3D reconstruction technology in maintaining cultural heritage and museums and creating films and games are the key market drivers enhancing 3D reconstruction technology market growth.
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
Preserving and restoring heritage sites with 3D construction tools is driving the market growth
Market CAGR for 3D reconstruction technology is driven by the rising adoption in the construction sector. It is imperative to preserve historical heritage sites to preserve the culture of different regions. Governments and international organizations are taking steps to preserve and rebuild monuments so that the public is more aware of the history of these locations. Software that creates 3D reconstructions of historical monuments and worn and decaying objects is helpful for recreating images of those monuments and objects. When a 3D reconstruction is completed, it provides an idea of how an object or sculpture might appear in its complete state.
Additionally, heritage monuments must be preserved or reconstructed as they age, and 3D reconstruction software will be increasingly adopted. A program called Backup Ukraine was launched in April 2022 by the Danish National Commission for UNESCO in collaboration with Blue Shield Denmark. It aims to digitally preserve Ukrainian cultural and historical monuments, architecture, and statues destroyed during the Russian invasion, including UNESCO-recognized heritage sites. Using the Polycam app, people can take 3D scans of objects with their iPhone or iPad and upload digital renderings of important landmarks. Therefore, the global market for 3D reconstruction technology is being driven by increased attention paid to preserving and reconstructing historical and heritage sites.
There are two types of 3D reconstruction technology: active and passive. Active reconstruction involves representing objects in real time, while passive reconstruction involves reconstructing images from archives. Compared to active construction technology, passive 3D reconstruction technology is more widely adopted.
As one of the most widely used active construction techniques in industrial and medical settings for 3D, ultrasound imaging is widely used. In addition to 3D surface prototyping, it can be used for real-time tracking of wheel/rail systems, measuring milling cutter contact areas with workpieces, diagnosing tool wear, and non-destructive testing of machine parts for cracks. Healthcare industry surgeons and operatives are increasingly using active construction during operations. Printing full-scale replicas of skulls is a key component of 3D reconstruction solutions for jaw or facial reconstructions. Thus, driving the 3D reconstruction technology market revenue.
The 3D Reconstruction Technology Market segmentation, based on construction methods, includes active and passive. The active segment dominated the market, accounting for 67.6% of market revenue. With active 3D reconstruction, the tactile quality of the reconstruction is optimized by selecting tactile readings that optimize progress in shape reconstruction.
The 3D Reconstruction Technology Market segmentation, based on type, includes 3D reconstruction software and based on images and video. The 3D reconstruction software category generated the most income (69.3%). Medical treatments can be more effectively planned, simulated, and monitored with 3D reconstruction software. It has the potential to be beneficial in a wide variety of applications. Utilizing an online 3D printing service like Sculpteo allows it to generate a three-dimensional model which can then be printed. However, having a three-dimensional design also greatly facilitates visualization. Among the software that can be used for 3D reconstruction are Agisoft Metashape, Context Capture, MicMac, Reality Capture, Meshroom, and 3DF ZEPHYR.
The 3D Reconstruction Technology Market data, based on application, includes computer-aided geometric design (CAGD), computer graphics, and digital media. The computer-aided geometric design (CAGD) category generated the most income (51.6%). As a result of three-dimensional research, systems learn how to comprehend all perspectives, including those that are hidden, obscured, or have other optical challenges. In addition to improving interoperability, more sustainable and practical approaches will increase access to a wider audience and scientific community. Deep learning frameworks such as natural language understanding, tactile sensing, and three-dimensional reconstruction can help AI systems grasp three dimensions naturally.
Figure 1: 3D Reconstruction Technology Market, by Application, 2022 & 2030 (USD billion)
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
By Region, the study provides 3D reconstruction technology market insights into North America, Europe, Asia-Pacific and Rest of the World. The North American weight loss market will dominate 3D reconstruction technology market, owing to North America's well-developed infrastructure encouraging the adoption of the latest technologies, such as 3D reconstruction technologies. An experiment with 3D-printed live tissue implants seems to be the first in North America, where 3D reconstruction technology is mostly used for medical purposes. For instance, in June 2022, a woman in the U.S. had her external ear repaired with a 3D-printed live tissue implant.
The major countries studied in the 3D reconstruction technology market report are The U.S., Canada, German, France, the UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil.
Figure 2: 3D RECONSTRUCTION TECHNOLOGY MARKET SHARE BY REGION 2022 (%)
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
Asia-Pacific 3D Reconstruction Technology market accounts for the second-largest market share due to the growing demand for mobile mapping systems in the region and rapid development in the entertainment industry all contribute to the market's growth. It is used in the building industry to bridge the information gap, coordinate schedules, and avoid potential conflicts between design and build. Further, China’s 3D reconstruction technology market held the largest market share, and the Indian 3D reconstruction technology market was the fastest-growing market in the Asia-Pacific region
The Europe 3D Reconstruction Technology Market is expected to grow at the fastest CAGR from 2023 to 2030. Market players such as Agisoft and Pix4D assist in the area's rapid expansion of 3D reconstruction technology. A 3D reconstruction tool may be helpful in law enforcement and private security agencies in cases where large crowds are assembled in public spaces such as conference centers, stadiums, and parade routes. Moreover, the German 3D reconstruction technology market held the largest market share, and the UK 3D reconstruction technology market was the fastest-growing market in the European region.
For instance, During the Netherlands Society for Clinical Chemistry and Laboratory Medicine annual conference in Rotterdam in May 2022, Vitestro, a Dutch medical robotics startup, showcased the world's most advanced autonomous blood-drawing equipment.
Leading market players are investing heavily in research and development to expand their product lines, which will help the 3D reconstruction technology market grow even more. Market participants are also undertaking various strategic activities to expand their global footprint, with important market developments including new product launches, contractual agreements, mergers and acquisitions, higher investments, and collaboration with other organizations. To expand and survive in a more competitive and rising market climate, the 3D reconstruction technology industry must offer cost-effective items.
Manufacturing locally to minimize operational costs is one of the key business tactics manufacturers use in the global 3D reconstruction technology industry to benefit clients and increase the market sector. In recent years, the 3D reconstruction technology industry has provides the most significant advantages to the construction sector. Major players in the 3D reconstruction technology market, including Pix4D (Switzerland), Agisoft PhotoScan (the Netherlands), Autodesk (U.S.), Acute3D/Context Capture (Now part of Bentley Systems) (U.S.), PhotoModeler/Eos Systems Inc. (Canada), Photometrix, Elcovision/PMS AG (Australia), Matterport (U.S.), 4Dage Technology (China), Shenzhen Zhineng (China), and Shixian Technology (China).
Matterport Inc. is a company that develops software. In order to capture real-world environments digitally, the company provides users with a 3D camera and an interactive viewing platform that allows them to upload, scan, and share scans online. Customers around the world use Matterport's services. For instance, the company handles the entire development and supply chain for Matterport, Inc., from hardware development to content creation, processing, distribution, and monetization. Over time, the company has gained a stronger market position and achieved market dominance through its market dominance strategy.
Founded in 2005, Portfolio Management Solutions (PMS) LLC specializes in portfolio management. A key aspect of the company's service line is providing contract or fee-based business consulting services. For instance, PMS AG focuses extensively on expanding its product offerings as part of its product development strategy. Investing heavily in developing an enhanced and unique product portfolio has enabled it to provide consumers with enhanced experiences. It also enhances software solutions simultaneously to offer cloud applications and new levels of innovation to consumers.
February 2024
Today, Synthetic MR (Linköping, Sweden), a provider of magnetic resonance imaging (MRI) software solutions, and Royal Philips (NYSE: PHG, AEX: PHIA), a leader in the global health technology market, announced the release of Smart Quant Neuro 3D [1]. This represents a significant advancement in objective decision support for the diagnosis and therapy assessment of brain disorders such as multiple sclerosis (MS), traumatic brain injury (TBI), and dementia. In an effort to increase efficiency and give patients with more sustainable healthcare, Philips is working with its clients at #ECR2024 to enhance patient care.
Smart Quant Neuro 3D integrates the quantitative tissue evaluation program SyMRI NEURO 3D [2] from Synthetic MR, the AI-based SmartSpeed image-reconstruction technology from Philips, and the clinical application Philips 3D SyntAc. The integrated offering provides healthcare professionals with strong diagnostic confidence-boosting tools that ultimately benefit patients. Philips is presently the only firm able to provide SyMRI NEURO 3D functionality on MR scanners because to an exclusive arrangement with SyntheticMR.
To accurately diagnose brain illness, the volume and distribution of the various tissue types in the brain must be measured. However, quantifying tissue volume from 2D image slices is very challenging, and eye evaluations of MR images are often subjective and lack the essential precision. Utilizing artificial intelligence (AI), Smart Quant Neuro 3D provides completely validated, accurate, and automated 3D segmentation and volume assessment of brain tissue, including myelin, white matter, and gray matter. These measures, when assessed by a medical professional with training, may provide patients with important information that helps with diagnosis.
Clinicians now have an accessible tool to monitor the effects of therapies and make well-informed judgments regarding necessary changes or alternative interventions: Smart Quant Neuro 3D. By allowing proactive treatment of neurological diseases and maximizing therapy results for patients, this ongoing monitoring improves patient care.
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