3D Reconstruction Technology Market is expected to reach US$ 3.23 billion by 2030

3D Reconstruction Technology Market Analysis: Key Insights

According to our latest study on "3D Reconstruction Technology Market Global and Regional Share, Trend, and Growth Opportunity Analysis – by Type, Component, Deployment, Enterprise Size, End-Use Industry, and Geography," the 3D Reconstruction Technology market was valued at US$ 1.34 billion in 2022 and is expected to reach US$ 3.23 billion by 2030; it is estimated to register a CAGR of 11.7% from 2022 to 2030. The expanding use of video games and theatrical movies in the entertainment sector and the increasing demand for medical imaging and technical advancements drive the 3D reconstruction technology market. However, the lack of skilled professionals and high costs are expected to hinder the growth of the 3D reconstruction technology market.

The Asia Pacific 3D reconstruction technology market includes the analysis of countries such as China, Japan, India, South Korea, Australia, and Rest of Asia-Pacific. Asia Pacific will witness the fastest growth rate in the 3D reconstruction technology market. The driving factors include the booming entertainment industry, the growing adoption of 3D reconstruction techniques in civil construction, and the increasing demand for mobile mapping systems. 3D reconstruction technology helps bridge the communication gap, synchronize schedules, and avoid conflicts between the design plan and the ongoing construction in the architecture and construction industries. The emergence of drones and photogrammetry software also boosts the market share of 3D reconstruction technology in Asia Pacific. The factors driving this growth are the advancements in product design processes, the increase in investments in research and development (R&D), and the emergence of new players and applications in end-user industries.

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China has witnessed huge growth in the 3D reconstruction technology market. China is the world's largest manufacturing economy. Cloud-based 3D reconstruction technology is witnessing huge adoption in the manufacturing industry in China. With an increased focus on manufacturing under the "Made in China 2025" strategy, efficient enterprise resource planning is more important for companies sourcing from and collaborating with the Chinese market. The country is also undergoing a massive urbanization process, with more than 60% of its population living in urban areas. 3D reconstruction technology can help optimize the design, planning, and management of buildings, roads, bridges, and other structures, as well as provide accurate and detailed maps of the terrain and environment. With the rapid growth of the Asia-Pacific market, the demand for 3D reconstruction technology in China continues to grow contributing to 3D Reconstruction Technology Market growth.

There is a rise in the adoption of 3D reconstruction technology in the healthcare sector, especially for medical imaging and surgery. India is one of the leading countries in medical innovation and research, with a spending of US$ 16 billion on health R&D in 2022. 3D reconstruction technology can help improve the accuracy and efficiency of diagnosis, treatment planning, and surgical guidance, as well as reduce the risks of complications and infections. For instance, in September 2022, a team of doctors from AIIMS Delhi successfully performed a complex craniofacial surgery on a 12-year-old boy using 3D printing and reconstruction technology. The boy had a rare congenital condition that caused his face to be severely deformed. The doctors used 3D reconstruction software to create a virtual model of his skull and face and then used 3D printing to create customized implants and guides for the surgery.

Rise in Demand for 3D Reconstruction Technology in Healthcare Boosting 3D Reconstruction Technology Market Growth

One of the most promising and impactful uses of 3D reconstruction technology is in the healthcare sector, where it can improve the diagnosis, treatment, and outcomes of various medical conditions and procedures.

There is an increasing need for accurate and detailed medical imaging and analysis. 3D reconstruction technology can provide more information and insights than traditional 2D imaging methods, such as X-rays, CT scans, and MRI. Moreover, minimally invasive and robotic surgeries are increasingly being adopted. 3D reconstruction technology can enhance the precision and safety of these surgeries by providing real-time navigation and feedback to the surgeons. 3D reconstruction technology can be used in the development of personalized and customized medical solutions to enable the creation of patient-specific models and implants, which can improve the fit, function, and aesthetics of these solutions.

3D Reconstruction Technology Market: Segmental Overview

Based on component, the 3D Reconstruction Technology market is bifurcated into software and services. The software segment dominated the 3D reconstruction market. 3D reconstruction software enhances accuracy in planning, simulating, and supervising medical treatments. 3D scanning can be useful for various purposes. It can create a valid three-dimensional model and use 3D printing technology with an online 3D printing service like Sculpteo. It can also provide a powerful tool for visualization. A few examples of 3D reconstruction software are Agisoft Metashape, Context Capture, MicMac, Reality Capture, Meshroom, and 3DF ZEPHYR. The services segment is expected to grow at a faster rate during the forecast period. The 3D reconstruction technology market offers services such as photogrammetry, laser scanning, and structured light scanning. Photogrammetry collects data and measurements about an object by analyzing the difference in position between two images. It uses perspective, advanced processing software, and photo analysis to perform the task, which can be done on the ground or in the air.

3D Reconstruction Technology Market Analysis: Competitive Landscape and Key Developments

3DHISTECH Ltd., Autodesk Inc., EOS imaging, Intel Corporation, Koninklijke Philips N.V., PhotoModeler Technologies, Pix4D SA, PMS AG, Skyline Software Systems Inc., and Thermo Fisher Scientific Inc. are among the key companies operating in the 3D reconstruction technology market. The market leaders focus on new product launches, expansion and diversification, and acquisition strategies, which allow them to access prevailing business opportunities.

• In October 2022, RSIP Vision, a pioneer in medical imaging innovation through advanced AI and computer vision solutions, introduced a new tool for 3D reconstruction of the ureter. The tool converts 2D fluoroscopic images of the ureter into a high-quality 3D model. The physician can use the 3D model for diagnosis, planning, and guidance during a procedure. This new vendor-neutral technology will be available to third-party medical device manufacturers using C-arm imaging and viewer solutions, providing an enhanced 3D tool for various urologic procedures. The tool utilizes deep-learning algorithms to reconstruct an accurate 3D model of the ureter from at least two fluoroscopic images taken from different angles. The 3D model can improve accuracy and confidence during urological procedures such as urethroplasty, stent placement, stone localization and retrieval, or general anatomical characterization. The tool can also reduce complication rates and improve patient outcomes by allowing the physician to maneuver through the ureter, even in complex anatomies, safely.
• In July 2022, Skyline Software Systems, Inc.—a provider of 3D Earth visualization software and services—partnered with PASCO Corporation to launch TerraExplorer in Japan. TerraExplorer is a 3D GIS desktop application that provides a high-resolution 3D environment and tools to view, analyze, query, and present geospatial data. The application is enabled with 3D reconstruction technology that enhances the accuracy of the results. TerraExplorer can be used in various fields, such as urban and transportation planning, public safety, defense and intelligence, agriculture, mining, and utilities.

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