Report : Middle East & Africa 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 9.6% CAGR, Middle East & Africa 3D Reconstruction Technology Market is Projected to be Worth US$ 217.87 Million by 2031, says Business Market Insights
According to Business Market Insights' research, the Middle East & Africa 3D reconstruction technology market was valued at US$ 104.87 million in 2023 and is expected to reach US$ 217.87 million by 2031, registering a CAGR of 9.6% from 2023 to 2031. Increasing use of 3D construction tools for protecting and restoring heritage sites and technological advancements and developments in 3D reconstruction are among the critical factors attributed to drive the Middle East & Africa 3D reconstruction technology market growth.
With the arrival of digital capabilities and emerging virtual ideas such as the metaverse, obtaining tools that can produce accurate 3D reconstructions from image data is essential. 3D reconstruction technology is being used to preserve and rebuild historical monuments and cultural heritage sites with the use of augmented reality (AR) and virtual reality (VR). This technology is also being used to create digital archives of cultural heritage sites, which can be used for research, education, and tourism purposes. 3D reconstruction technology plays a crucial role in preserving and restoring cultural heritage. It allows access to heritage elements that are difficult to reach in the real world and contributes to the documentation, protection, reconstruction, restoration, conservation, dissemination, and spreading of cultural heritage. Hence, the growing use of 3D construction tools for protecting and restoring heritage sites is one of the key drivers for the 3D reconstruction technology market.
On the contrary, high cost associated with 3D reconstruction technology hampers the growth of Middle East & Africa 3D reconstruction technology market.
Based on type, the Middle East & Africa 3D reconstruction technology market is bifurcated into active 3D reconstruction and passive 3D reconstruction. The active 3D reconstruction segment held 73.3% market share in 2023, amassing US$ 76.86 million. It is projected to garner US$ 163.79 million by 2031 to register 9.9% CAGR during 2023-2031.
In terms of component, the Middle East & Africa 3D reconstruction technology market is segmented into software and services. The software segment held 69.0% share of Middle East & Africa 3D reconstruction technology market in 2023, amassing US$ 72.39 million. It is projected to garner US$ 155.49 million by 2031 to register 10.0% CAGR during 2023-2031.
By deployment, the Middle East & Africa 3D reconstruction technology market is segmented into on-premise and cloud. The cloud segment held 63.8% share of Middle East & Africa 3D reconstruction technology market in 2023, amassing US$ 66.88 million. It is projected to garner US$ 142.67 million by 2031 to expand at 9.9% CAGR from 2023 to 2031.
By enterprise size, the Middle East & Africa 3D reconstruction technology market is segmented into large enterprise and SMEs. The large enterprise segment held 69.6% share of Middle East & Africa 3D reconstruction technology market in 2023, amassing US$ 72.98 million. It is projected to garner US$ 146.95 million by 2031 to expand at 9.1% CAGR from 2023 to 2031.
Based on end-use industry, the Middle East & Africa 3D reconstruction technology market is segmented into automotive, education, healthcare, aerospace & defense, media & entertainment, construction & architecture, government & public safety and others. The healthcare segment held 22.0% share of Middle East & Africa 3D reconstruction technology market in 2023, amassing US$ 23.04 million. It is projected to garner US$ 53.34 million by 2031 to expand at 11.1% CAGR from 2023 to 2031.
Based on country, the Middle East & Africa 3D reconstruction technology market is categorized into South Africa, Saudi Arabia, the UAE, and the Rest of Middle East & Africa. Our regional analysis states that Saudi Arabia captured 30.3% share of Middle East & Africa 3D reconstruction technology market in 2023. It was assessed at US$ 31.75 million in 2023 and is likely to hit US$ 73.31 million by 2031, registering a CAGR of 11.0% during 2023-2031.
Key players operating in the Middle East & Africa 3D reconstruction technology market are Autodesk Inc., Intel Corp, Koninklijke Philips N.V., 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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