According to a new market research report published by Credence Research’s 3D Reconstruction Technology Market (Type–3D Reconstruction Technology Software, Based on Images & Videos and Based on 3D Scanning; Construction Type–Active and Passive; End-use Application–Automotive, Aerospace & Defense, Industrial Machinery, Electrical & Electronics, Media & Entertainment, Healthcare and Construction & Architecture) – Growth, Future Prospects and Competitive Analysis, 2019 – 2027”, the global 3D reconstruction technology market is set to grow with a CAGR of 6.47% throughout the forecast period to reach US$ 1,520.3 Mn by 2027.
3D construction refers to the 3D scene rotation process based on single view or multiple view images. The 3D reconstruction technology has taken center stage in virtual reality, remote sensing, medical research, construction, surveying and telemetry among other applications as an important part of digital image processing technology. Currently, advanced 3D reconstruction technology allows organizations to envisage the proposed product design in the form of 3D models without constructing a physical prototype. Furthermore, 3D reconstruction technology allows users to design product at each stage of its development, thereby reducing the overall cost of production by considerable margin. Evolution in 3D construction technology has made it possible, among other things, to produce sophisticated virtual worlds in several end-use applications such as media & entertainment, healthcare and construction. Primary ways of acquiring information for 3D reconstruction are mainly segmented into active and passive methods. Active methods mainly project rays to objects and obtain 3D depth data on the screen. Such a method allows for higher accuracy, but the hardware components required for the process are both expensive and difficult to handle. On the other hand, passive method is cheaper than active method credited to low hardware cost. Passive method works with low-resolution cameras, however, and it takes longer to calculate.
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The overall market for 3D reconstruction technology segmented based on type, construction type and end-use application. By technology type, 3D reconstruction based on 3D scanning was referred to as the most lucrative segment on the market. Situation, where objects are irregular and have complex structure, the use of conventional methods is time-consuming and mostly not practicable due to low accuracy and workload involved. 3D scanning-based reconstruction makes it possible to analyze structures quickly and densely within a specified time. This advanced technology offers several advantages over its counterparts, such as complete process automation, higher resolution, contactless operation, higher accuracy and precision among others. 3D reconstruction based on 3D scanning is widely applied across several areas such as urban planning, digital city, cultural and archeological heritage conservation among others.
Presently, advancements in 3D reconstruction technology showcase the potential to cater several dynamic future applications. Modeling of object with respect to geometry, appearance and motion strongly improving the deployment of 3D reconstruction technology for several end-use applications such as entertainment, healthcare and autonomous systems among others. Further, smartphone application accessibility has become one of the most crucial aspects that organizations and consumers look for in almost all technologies. Number of 3D reconstruction technology developers are currently deploying some means of accessing the 3D design data on mobile platforms. In order to perform 3D reconstruction, users are using smartphones equipped with depth sensor or simply take photos of the target and upload the pictures on a cloud server and then run a web-based application to create the 3D reconstruction. With such technological advancement focusing on user-friendly approach, the 3D reconstruction technology market is projected to grow with promising rate across the forecast period.
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