Report : Europe 3D Reconstruction Technology Market Forecast to 2031 - Regional Analysis - by Type (Active 3D Reconstruction and Passive 3D Reconstruction), Component (Software and Services), Deployment (On-premise and Cloud), Enterprise Size (Large Enterprise and SMEs), and End-use Industry (Automotive, Education, Healthcare, Aerospace & Defense, Media & Entertainment, Construction & Architecture, Government & Public Safety, and Others)
At 11.7% CAGR, Europe 3D Reconstruction Technology Market is Projected to be Worth US$ 935.59 Million by 2031, says Business Market Insights
According to Business Market Insights' research, the Europe 3D reconstruction technology market was valued at US$ 385.12 million in 2023 and is expected to reach US$ 935.59 million by 2031, registering a CAGR of 11.7% from 2023 to 2031. Rising demand for 3d reconstruction technology in healthcare and technological advancements and developments in 3D reconstruction are among the critical factors attributed to drive the Europe 3D reconstruction technology market growth.
In recent years, owing to the increasing number of digital cameras and the growing processing power of computers, it is now possible to produce programs that acquire 3D information from captured images. In addition, the market is also being driven by the growing use of video games and theatrical movies in the entertainment industry and the increased demand for medical imagery and technical innovations. Technological advancements in 3D reconstruction technology present opportunities in AR and VR applications, cultural heritage preservation, medical imaging, construction and architecture, and industrial sectors. These advancements enable more immersive experiences, accurate reconstructions, improved medical imaging, better project planning, and enhanced industrial applications. For instance, Associate Professor Jaydee Cabral, a researcher affiliated with the Department of Microbiology and Immunology at Otago University, is leading a pioneering initiative that centers on the development of custom 3D-printed nipple areolar complexes tailored to meet the needs of breast cancer patients. The primary goal of this project is to provide support and assistance to individuals who have undergone mastectomy procedures, enabling them to restore their self-confidence and sense of identity. Therefore, technological advancements and developments in 3D reconstruction technology are expected to provide significant growth opportunities to the market.
On the contrary, high cost associated with 3D reconstruction technology hampers the growth of Europe 3D reconstruction technology market.
Based on type, the Europe 3D reconstruction technology market is bifurcated into active 3D reconstruction and passive 3D reconstruction. The active 3D reconstruction segment held 72.1% market share in 2023, amassing US$ 277.66 million. It is projected to garner US$ 696.23 million by 2031 to register 12.2% CAGR during 2023-2031.
In terms of component, the Europe 3D reconstruction technology market is segmented into software and services. The software segment held 67.7% share of Europe 3D reconstruction technology market in 2023, amassing US$ 260.83 million. It is projected to garner US$ 656.60 million by 2031 to register 12.2% CAGR during 2023-2031.
By deployment, the Europe 3D reconstruction technology market is segmented into on-premise and cloud. The cloud segment held 63.0% share of Europe 3D reconstruction technology market in 2023, amassing US$ 242.65 million. It is projected to garner US$ 609.06 million by 2031 to expand at 12.2% CAGR from 2023 to 2031.
By enterprise size, the Europe 3D reconstruction technology market is segmented into large enterprise and SMEs. The large enterprise segment held 69.6% share of Europe 3D reconstruction technology market in 2023, amassing US$ 268.22 million. It is projected to garner US$ 631.36 million by 2031 to expand at 11.3% CAGR from 2023 to 2031.
Based on end-use industry, the Europe 3D reconstruction technology market is segmented into automotive, education, healthcare, aerospace & defense, media & entertainment, construction & architecture, government & public safety and others. The construction & architecture segment held 20.1% share of Europe 3D reconstruction technology market in 2023, amassing US$ 77.56 million. It is projected to garner US$ 195.25 million by 2031 to expand at 12.2% CAGR from 2023 to 2031.
Based on country, the Europe 3D reconstruction technology market is categorized into Germany, the UK, France, Italy, Russia, and the Rest of Europe. Our regional analysis states that Germany captured 26.2% share of Europe 3D reconstruction technology market in 2023. It was assessed at US$ 100.99 million in 2023 and is likely to hit US$ 267.21 million by 2031, registering a CAGR of 12.9% during 2023-2031.
Key players operating in the Europe 3D reconstruction technology market are Agisoft LLC, Autodesk Inc., EOS imaging, Intel Corp, Koninklijke Philips N.V., Pix4D SA, Skyline Software Systems Inc., and Thermo Fisher Scientific Inc. among others.
- In 2023, Intel Corp advances computer vision development with two new AI models. The company developed a relative depth estimation (RDE) model, MiDaS version 3.1, which predicts robust relative depth using only a single image as an input. The company integrates AI technology in the RDE model to develop VI-Depth, which provides accurate depth estimation.
- In 2023, Skyline Software Systems Inc. announced the release of PhotoMesh 8.0, packed with game-changing features designed to dramatically improve both your workflow and output quality. The latest version of PhotoMesh has been enhanced with an automatic control point template detection feature, which optimizes efficiency by enabling fully automated control point marking. After selecting a template that matches your marker type, such as a checkerboard or cross, PhotoMesh can automatically detect the control point markers in your photos.
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