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Global 3D Reconstruction Market to Grow at a CAGR of 8.1% During 2022-2027, Aided by the Thriving Media and Entertainment Industry in the Emerging Economies of the World

According to a new report by EMR titled, ‘Global 3D Reconstruction Market Report and Forecast 2022-2027’, the global market attained a value of more than USD 800 million in 2021. The market is further expected to grow in the forecast period of 2022-2027 at a CAGR of 8.1% to reach over USD 1277 million by 2027.

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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Market Breakup by Components, End-Uses and Region:

  • The market is segmented on the basis of components into software and services.
  • It finds end-uses in media and entertainment, aerospace and defense, manufacturing, and healthcare, among others.
  • Region-wise, the global market for 3D reconstruction can be divided into North America, Europe, the Asia Pacific, Latin America, the Middle East and Africa.

 

Key Findings of the Report:

  • The global market for 3D reconstruction is being driven by the growing end-use of the technology in media and entertainment, aerospace and defense, manufacturing, and healthcare, among others.
  • The growing popularity of 3D science fiction movies is likely to propel the market growth.
  • The technological advancements in the military, aerospace, media and entertainment sector is likely to bolster the market growth.
  • The market will further be aided by the increasing expansion of major companies providing end-to-end digital technologies.

 

Key Offerings of the Report:

  • The EMR report gives an overview of the global 3D reconstruction market for the periods (2017-2021) and (2022-2027).
  • The report also offers historical (2017-2021) and forecast (2022-2027) market information for the    components, end-uses, and regions of 3D reconstruction.
  • The report analyses the market dynamics, covering the key demand and price indicators in the market, along with providing an assessment of the SWOT and Porter’s Five Forces models.

 

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.

 

*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.

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