3D Reconstruction Solutions Market – Overview
3D reconstruction is a process of capturing the appearance of object in 3D model. The 3D reconstruction is used in various applications such as robotic mapping, city planning, gaming, earth observation etc. Increasing adoption of unmanned aerial vehicles in various applications is a major factor driving the growth of the market. Civil unmanned aerial vehicles are used in agriculture, energy, environment, infrastructure, and public safety. Unmanned aerial vehicles hold digital cameras that capture the appearance of real time objects in two dimensional (2D) images. However, 2D images have not been able to fulfill the requirements of many applications to understand the object structure as compared to 3D. Hence, rising demand to reconstruct the 3D structure for 2D images have accelerated the market of 3D reconstruction solutions globally. In addition, the increasing adoption of 3D reconstruction to create games and films, 3D printing, and maintenance of museums and cultural heritage have accelerated the 3D reconstruction solutions market globally.
3D Reconstruction Solutions Market – Segmentation
On the basis of application, the 3D reconstruction solutions market is segmented into healthcare and medical, military and defense, security services, industries, architecture and engineering, and media and entertainment. The rising demand for 3D images in medical and healthcare applications due to increasing need of insights for in-depth analysis plays a vital role for the growth of the market in healthcare industry. The 3D images have the capability of providing in-depth information about anatomic and pathologic states. In addition, these images improve accuracy by providing multiple views of the object that helps in various clinical areas such as hip replacement, radiotherapy planning and treatment verification, and spinal surgery. This increasing demand for 3D images has accelerated the 3D reconstruction solutions market in healthcare and medical applications.
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3D Reconstruction Solutions Market – Regional Outlook
In terms of region, the global 3D reconstruction solutions market can be categorized into North America, Europe, Asia Pacific, South America, and Middle East & Africa. North America held a dominant position in the global 3D reconstruction solutions market and is expected to retain its dominance throughout the forecast period. The U.S. and Canada are major growth engines of the region. The increasing production of 3D films is one of the key factors driving the market in this region. For instance, Scar3D, the first 3D video on demand film was launched in 2010 in the USA. The Lego Movie (2014), Pompeii (2014), and Rio 2 (2014) are some of the other 3D films produced in the U.S. Hence, constant production of 3D films has accelerated the market of 3D reconstruction solutions in media and entertainment applications in North America. In addition, increasing R&D spending in the medical and healthcare industry has also accelerated the market in this region. According to Research America Organization, medical and health R&D spending in the United States was US$ 182,290 million in 2017, up from US$ 172,078 million in 2016. Moreover, the strong presence of market leaders such as Autodesk, Inc., and PhotoModeler Technologies in North America has provided it a dominant position in the region in the global market.
The 3D reconstruction solutions market in Asia Pacific is expected to expand at a rapid CAGR during the forecast period. India, China, Japan, and Australia are some of the major countries driving the market in the region. Government initiatives for heritage preservation are accelerating growth of the market in this region. For instance, the government of India instituted the National Heritage City Development and Augmentation Yojna which covers Delhi’s Humayun’s Tomb, Karnataka’s Hampi and Pattadakal group of monuments, Maharashtra’s Elephanta Caves, and Odisha’s Konark Temple for skill development.
3D Reconstruction Solutions Market – Key Players
Key players operating in the global 3D reconstruction solutions market include Autodesk, Inc., Reality Capture, Bentley Systems, PhotoModeler Technologies, Pix4D SA, Agrisoft, Vi3Dim Technologies, and Paracosm.
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