3D Reconstruction Technology Market Size and Growth Rate:
The global market for 3D reconstruction technologies was estimated at $ 210 million in 2018 and is expected to reach $ 530 million by the end of 2024, with a CAGR of around 16.9% between 2019 and 2024.
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3D Reconstruction Technology Market Overview:
3D reconstruction technology is a process used to capture the shape and appearance of real objects. This process can be run using either active or passive methods. If the model changes shape over time, it is called non-rigid reconstruction or time space.
3D Reconstruction Technology Market Growth Drivers and Restraints:
Three-dimensional reconstruction technology has progressively evolved into the leading modeling, prototyping, and imaging technology in various applications in recent years. The strong adoption of 3D technology in the preservation of cultural heritage and museums, movies and games, printing, drones and robots is the main factor driving the growth of the 3D reconstruction technology market. In the future, 3D printing, drones and robots will be an important end-user of this market. Governments in different countries are encouraging innovation in companies to develop digital holography. Governments tend to offer better business conditions to attract business and promote better growth and development. However, higher costs, less awareness and lack of infrastructure hinder market growth.
3D Reconstruction Technology Market Geographical Insights:
The global market for 3D reconstruction technologies is studied for the Asia-Pacific region, North America, Europe and the rest of the world. It has been noted that the North America region accounts for the largest share of the market due to a well-established infrastructure, the adoption of advanced 3D technologies in sectors such as construction, film video and games, 3D printing, drones and robots. The Asia-Pacific region will become the fastest growing region due to factors such as the highest growth potential and the presence of a major manufacturing centers. Emerging economies in developing countries such as China and Southeast Asian countries are expected to be the main drivers of market growth. Other factors, such as the implementation of 3D technology in various vertical sectors, such as entertainment, construction, gaming and medical care, contribute to the growth of the market.
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Key Market Players of the 3D Reconstruction Technology Market:
Some of the major players in the global market of 3D reconstruction technologies are Pix4D (Switzerland), AgisoftPhotoScan (Netherlands), Autodesk (USA), Acute3D / Context Capture (U.S), PhotoModeler / Eos Systems. (Canada), Photometrix, Elcovision / PMS AG (Australia), Matterport (USA), 4Dage Technology (China), Shenzhen Zhineng (China), Shixian Technology (China), etc.
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