Analysis of Photogrammetry Software market covering 30 + countries including analysis of US, Canada, UK, Germany, France, Nordics, GCC countries, Japan, Korea and many more
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.
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.
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 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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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.
Some of the leading players in the photogrammetry software market include
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.
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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
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.
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