The global 3D Reconstruction Market Growth Accelerated by Development in Construction Industry
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| 3D reconstruction market |
3D reconstruction technology
helps create 3D models of physical objects such as buildings, landscapes and
interiors. It facilitates capturing precise measurements and digital rendering
of objects and landscapes for architects, engineers and construction companies.
The technology aids in collecting thousands of photos and transforming them
into 3D models with accurate dimensions and details through software. This
enables architects and engineers to visualize structures digitally prior to
physical construction and make necessary design changes. The global 3D
Reconstruction Market is estimated to be valued at US$ 1027.92 Mn in 2023 and
is expected to exhibit a CAGR of 8.1% over the forecast period 2023 to 2030, as
highlighted in a new report published by Coherent Market Insights.
Market key trends:
The development of the
construction industry has been a major driver of growth in the 3D
reconstruction market. Construction activities across both commercial and
residential sectors have increased exponentially over the past few years
globally. 3D reconstruction technology is increasingly being adopted by
construction companies to visualize projects, plan construction workflows, and
detect design errors prior to physical building. This helps reduce construction
costs and time overruns. The technology also aids in maintaining an online
digital record of structures that helps facilities management and retrofitting
activities. Rising construction expenditures are expected to further accelerate
the adoption of 3D reconstruction solutions in the industry.
Segment Analysis
3D Reconstruction Market is
segmented into 3D scanning, image processing, and 3D modeling. The 3D scanning
segment dominated the market in 2022 owing to widespread use of photogrammetry
technology to create 3D models of physical objects using digital images and
computer vision techniques. This technology provides highly accurate 3D models
and allows scalability based on project requirements.
Key Takeaways
The global 3D Reconstruction Market Size is
expected to witness high growth during the forecast period of 2023 to 2030
driven by growing adoption of 3D reconstruction technology across various
industries such as entertainment, engineering & construction, healthcare,
and heritage preservation.
Regional analysis: North America dominated the global market in
2022 and is expected to maintain its leading position over the forecast period.
Growing investment by major companies in 3D reconstruction technology and
widespread early adoption across industries are driving market growth. Asia
Pacific is expected to be the fastest growing region owing to rising
infrastructure development activities and increasing government initiatives to
leverage advanced 3D reconstruction solutions.
Key players: Key
players operating in the 3D Reconstruction Market are Quorum Technologies Inc.,
Pix4D SA, Photometrix Ltd., Koninklijke Philips NV, Agisoft LLC, PhotoModeler
Technologies, Intel Corporation, Faro Technologies Inc., Autodesk Inc., and
General Electric Company. These companies are focusing on new product launches
and partnerships with system integrators to expand their business operations
and gain higher market share.
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