Photogrammetry Software Market to Grow at a CAGR of ~14%
The photogrammetry software market is set to witness steady growth of nearly 14% during 2021-2031. Photogrammetry software are specialized software for converting images and maps into 3D design models. The software enables a user to scan an object and then converts it into 3D models using three-dimensional coordinate system. The rise in demand from surveyors, engineers, and architects, to construct professional 3D models and maps, is one of the major factors driving the sales of photogrammetry software.
What is Driving Demand for Photogrammetry Software?
The photogrammetry technique requires a camera and photogrammetry software for the creation of a 3D file of the photographed object. A large number of software vendors are publishing commercial solutions that are idyllic for engineering and industrial purposes. These software solutions are available at reasonable prices for consumers. As a result, accessibility of photogrammetry software at a cheap rate happens to be one of the major factors driving the sales of photogrammetry software, over the forecast period.
The photogrammetry software is increasingly being used in combination with drone imagery which acts as a beneficial tool during the documentation of the accident sites and for further analysis. Implementation of photogrammetry proves to be extremely affordable rather than using laser scanning equipment or hiring a helicopter. Therefore, the growing accessibility of affordable drones is further anticipated to drive the growth of photogrammetry solutions. On the other hand, a shortage of trained and skilled experts is expected to cause hindrance in the growth of the photogrammetry market.
Building & Construction Sector Likely to Augment Photogrammetry Software Sales
With the growing popularity of online 3D printing, there has been a rise in demand for photogrammetry software. The software is primarily used to get a working 3D model with the help of 3D printing technology. Furthermore, the photogrammetry software is increasingly being used at museums and cultural heritage buildings, for games and films, and traffic management among other applications areas. Moreover, the photogrammetry software is being used on a large scale in the building and construction industry and is expected to grow at a considerable CAGR, over the forecast period.
North America Photogrammetry Software Market Outlook
North America is anticipated to hold the largest share of the global photogrammetry software market, as the vendors in this region are investing considerably in research and development activities. This has further led to technological advancements in various geospatial activities along with land surveying. The US is projected to hold a prominent share of the North America photogrammetry software sales, owing to increasing penetration of digital devices and the widespread use of photogrammetry software majorly for applications such as architecture, topographic mapping, and engineering.
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Europe Demand Outlook for Photogrammetry Software
Rising infrastructural developments and urbanization are boosting the growth of photogrammetry software in the European region. The growing pace of construction activities has spurred the rise in demand for photogrammetry software in countries such as Italy, Spain, UK, Norway and others. Moreover, growing focus on technological advancements in Europe is further responsible for driving the growth of photogrammetry software. On the other hand, at present many countries in the Europe region have been severely impacted by the COVID-19 crisis, which has led to a decline in economic activities.
Who are the Key Photogrammetry Software Vendors?
Some of the leading players in the photogrammetry software market include
- Pix4D SA
- 3Dflow SR
- Capturing Reality s.r.o.
- REDcatch GmbH
- Vexcel Imaging GmbH
- NUBIGON Inc.
- Menci software SRL
- Linearis3D GmbH & Co.KG
- Skyline Software Systems Inc.
- SimActive Inc.
- Photometrix Photogrammetry Software
- Esri International LLC
- Autodesk Inc.
- PhotoModeler Technologies
- Trimble Inc.
- Hexagon AB
The growing application areas of photogrammetry software has spurred competition among the software vendors, globally. Major players are focused on collaborations, acquisitions and partnerships in order to enhance their product portfolio and expand their business reach.
- For instance, in November 2019, Esri, a leading player in mapping and location intelligence, entered into a partnership agreement with Salesforce to integrate former company’s ArcGIS Living Atlas, which is a collection of base maps and global geographic data. Owing to this integration, the users of Salesforce Maps will now be able to access Esri’s ArcGIS Online, which shall help the users to analyze demographic and geographic data easily.
An Adaptive Approach to Modern-day Research Needs
Photogrammetry Software Market Report Highlights:
- Detailed overview of parent market
- Changing market dynamics in the industry
- In-depth market segmentation
- Historical, current and projected market size in terms of value
- Recent industry trends and developments
- Competitive landscape
- Strategies of key players and products offered
- Potential and niche segments, geographical regions exhibiting promising growth
- A neutral perspective on market performance
- Must-have information for market players to sustain and enhance their market footprint
NOTE - All statements of fact, opinion, or analysis expressed in reports are those of the respective analysts. They do not necessarily reflect formal positions or views of the company
- Aerial Photogrammetry
- Terrestrial Photogrammetry
- Satellite Photogrammetry
- Macro Photogrammetry
- 3D Printing
- Drones and Robots
- Films & Games
- Culture Heritage and Museum
- Media & Entertainment
- North America
- Latin America
- Rest of Latin America
- Rest of Europe
- East Asia
- South Korea
- South Asia & Pacific
- Australia & New Zealand
- Rest of South Asia & Pacific
- Middle East & Africa
- GCC Countries
- South Africa
- Rest of Middle East and Africa
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.