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The 3D reconstruction market is driven by the growing demand for the thriving media and entertainment industry in the emerging economies of the world. Over the forecast period, the changing consumer preference towards watching 3D films is likely to aid the market growth. 3D reconstruction enhances the viewing experience by making the film more realistic and natural. The market will further be aided by the technological advancements in the healthcare industry, which is likely to propel the 3D reconstruction market for enhanced diagnosis and better understanding of diseases such as cancer, brain tumor, and tuberculosis, among others.
In March 2021, Autodesk Inc. (NASDAQ: ADSK) announced the completion of acquisition of Innovyze, Inc., for USD 1 billion. Under this acquisition, Autodesk Inc. will provide end-to-end digital solutions from design to operations of water infrastructure. This deal is likely to provide significant impetus to the 3D reconstruction market, owing to the increasing growth of the 3D reconstruction in the construction industry in order to bolster the construction and renovations projects.
In terms of region, North America is likely to account for a significant share of the market owing to the rising demand for 3D reconstruction from the military and defence sector, as 3D reconstruction technology can augment the weapon and infantry management of the army. It is capable of understanding threats both in the ground and sea level. The market in the region will further be aided by the growing popularity of 3D reconstruction in the science fiction movies in the United States of America and Canada. Movies like Interstellar have gained significant popularity due to the use of 3D reconstruction.
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The major players in the global 3D reconstruction market are Autodesk Inc., FARO Technologies, Inc., Pix4D SA, and Geodetic Systems, Inc., among others. The comprehensive report by EMR looks into the market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions of the major players.
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