According to a new market report published by Transparency Market Research,the global 3D reconstruction technology market was valued at US$ 778.4 Mn in 2017 and is expected to expand at a CAGR of 6.7% from 2019 to 2027, reaching US$1,432.6 Mn by the end of the forecast period. According to the report, Europe was the largest contributor in terms of revenue to the 3D reconstruction technology market in 2017.
Rising government initiative for preservation of cultural heritage driving the global 3D reconstruction technology market
The driving factor for the 3D reconstruction technology market is rising focus of governments on preservation of cultural heritage. Cultural heritage is the keystone of history. Cultural heritage is important for the creation of a common identity as well as for social and economic development. Digital technologies and the internet bring unique opportunities to access cultural material for leisure, study, or work, reaching out to broader audiences, engaging in new user experiences and reusing it to develop learning and educational content, documentaries, tourism applications, games, and other innovative applications.
3D Reconstruction Technology Market: Scope of the Report
The global market for 3D reconstruction technology is segmented on the basis of type, construction type, application, industry, and region. The market is categorized based on type into 3D reconstruction software; based on images and video; and based on 3D scanning. In terms of construction type, the market can be classified into active and passiv
e. The passive reconstruction type is estimated to account for the highest market share in 2019. However, active construction type is expected to expand at the high CAGR as it offers accurate and real time data type. The market can be divided based on application into civil engineering, product design & development, public safety & forensics, medical, gaming & entertainment, mapping & surveying, and archeology & documentation.