Overview:
The global market report on the Photogrammetry Software Market is providing a comprehensive knowledge of the photogrammetry software industry and how it is getting impacted by other markets like the autodesk photogrammetry software market. Market Research Future (MRFR) identifies the possibility of registering 12.70% CAGR during the forecast period of 2022 to 2030. The report also revealed several factors like the growing construction activities, exploration, surveying, engineering work, investment in technologies, government initiatives to bolster various projects, private interests, involvement from technologies like UAVs, and others are expected to provide tailwinds to the market. Demand for a 3D model to analyze prospects is getting ample backing from several quarters.
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Competitive Landscape:
The global photogrammetry software market is getting backed by various companies, as this technology supports a lot of both private and government projects. These companies are,
- RealityCapture (Slovakia)
- Pix4D (US)
- Autodesk (US)
- PhotoModeler (Canada)
- Teledyne Photometrics (US)
- Acute3D (France)
- Realsense (US)
- Skyline Software Systems (US)
- PMS Photo Mess Systeme AG (Switzerland)
- Agisoft (US)
- BAE Systems (UK)
- 3Dflow SRL (Italy)
- Hexagon AB (Sweden)
- Trimble Inc. (US).
These companies and their tactical measures involving methods like merger, tie-up, acquisition, and others were studied by MRFR experts to trace latest changes and trends that can impact the market outcome.
Market Segmentation:
The global photogrammetry software market growth has been assessed by MRFR analysts on the basis of a segmentation that includes aspects like type and application. Fetched data from these segments are the result of an exercise of scientific methods.
By type, the study of the global photogrammetry software market includes an analysis of satellite photogrammetry, terrestrial photogrammetry, aerial photogrammetry, and macro photogrammetry.
By application, the report containing various details of the global photogrammetry software market includes a proper understanding of land surveying and real estate, engineering, film and entertainment, and others. In the engineering segment, its intake is rising as construction activities are getting spurred in developing countries.
Regional Analysis:
North America’s investment in research and development projects and superlative infrastructure to ensure growth is putting it ahead of the rest. Also, technological support finds easy incorporation in this regional market. In Asia Pacific, hike in construction activities can boost the market.
Industry News:
In photogrammetry, people often face challenges like meeting deadlines, managing large mapping projects, and delivering high-quality results. It is, in fact, happens when multiple projects overlap and deadlines are tight. To solve this crisis, SimActive‘s Correlator3D can be taken into consideration as this is a high-end photogrammetry software that comes with a provision for full control over the production workflow. This software brings in a superlative speed that makes sure the end product gets delivered on time, all the while maintaining a high level of accuracy.
The global photogrammetry software market is facing LiDAR technology as a strong contender and in several cases, the latter is getting better traction than the former. The former is in the market since the early decades of the twentieth century and is now getting backed by UAV technology. However, in some cases, it has its limits. In those areas, LiDAR is providing better results, which might classify market growth.
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Due to the COVID-19 pandemic, a lot of funding in different projects got restrained as governments and other private bodies were looking to stabilize the financial crunch, this pandemic had triggered. However, recent changes in the market are expected to provide ample scope for better transformation.
Photogrammetry Software Industry Developments:
- In February 2023, NVIDIA updated its NeRF solution to include new scene builder tools, which allow users to create a complete VR environment from a series of 2D photos with increased time and financial efficiency.
- In March 2023, Bentley Systems released a new version of its ContextCapture software, which includes a number of new features, such as improved point cloud accuracy and support for lidar data.
- In April 2023, Trimble announced the acquisition of PhotoModeler, a leading provider of photogrammetry software for the construction industry.
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