3D RECONSTRUCTION MARKET ANALYSIS

3D Reconstruction MarketSize and Trends

The global 3D reconstruction market size was valued at US$ 950.9 million in 2022 and is anticipated to witness a compound annual growth rate (CAGR) of 8.1% from 2023 to 2030.  Increasing usage of 3D scanning and modelling solutions in the automotive, aerospace, and defense industries is expected to drive market growth. Along with these, increasing adoption of virtual reality and augmented reality technologies in the healthcare sector is projected to increase the demand for 3D reconstruction. Rising Government funding is a key driving factor for the 3D Reconstruction market. Moreover, the growing popularity of video games and theatrical films is also projected to boost the market’s growth.

Global 3D Reconstruction Market Trends:

Increasing focus of market players on leveraging AI expertise and experience in healthcare sector is a major trend

In healthcare industry, medical imaging applications rely on 2D imaging for delivering necessary information. 3D reconstruction working on top of the neural network can find it challenging to gather data from the 2D images, as it represents difficulties in dimensional enlargement for differential layer. Thus, several companies in the market are trying to leverage their AI expertise and experience in healthcare sector in order to create breakthrough solutions. For instance, in March 2020, RSIP Vision, offers field-tested software solutions, had announced the development of AI-based solution for 3D reconstruction of knees from 2D X-ray images.

Demand for 3D reconstruction software is a recent trend in the market

The use of 3D printing technology is increasing in several applications, as the technological development along with product innovations continues to increase. This in turn is resulting into growing adoption of several 3D reconstruction software solutions for multi-view images. Applications such as manufacturing, cultural heritage, healthcare, GIS applications, and media and entertainment make use of 3D reconstruction software solutions. Thus, the demand for these solutions is increasing all over the world, which is a growing trend in the global 3D reconstruction market.