The global photogrammetry software market responds to escalating demand for precise spatial data. Leveraging imagery from aerial, terrestrial, or satellite sources, the software crafts intricate 3D models pivotal in urban planning, construction, agriculture, and geospatial analysis. It is widely adopted, streamlines workflows, bolsters mapping accuracy, and elevates data visualization. Fueled by technological advancements and artificial intelligence integration, the market is on a sustained growth trajectory. It serves diverse sectors, offering robust spatial data solutions for informed decision-making and strategic planning in various industries.
Data Bridge Market Research analyses the Global Photogrammetry Software Market was valued at USD 1.04 billion in 2021 and is expected to reach USD 2.90 billion by 2029, registering a CAGR of 13.66% during the forecast period of 2022-2029.
"Rise in construction industry drive the market growth"
The surge in the construction industry sees a significant boost in the adoption of GPS receivers, emerging as a key driver for the photogrammetry software market. This technology is increasingly integrated into major construction projects, including megaprojects, for efficient equipment tracking and management on civil construction sites. The widespread use of GPS receivers enhances spatial data accuracy and workflow efficiency, contributing to the substantial growth of photogrammetry software solutions in meeting the specialized needs of the construction sector.
What restraints the growth of the global photogrammetry software market?
" Security concerns hamper the market growth"
Increasing hesitation surrounding security and privacy within businesses creates an obstacle, impeding the anticipated growth of the market. Rising concerns hinder businesses from readily embracing and implementing technologies, creating substantial barriers to adopting and expanding solutions within the market. This heightened skepticism and wariness about security slow the integration of new technologies, negatively impacting the market's trajectory.
Segmentation: Global Photogrammetry Software Market
The global photogrammetry software market is segmented on the basis of method, photogrammetry style, application, and end user.
- On the basis method, the global photogrammetry software market is segmented into aerial photogrammetry, terrestrial (close range) photogrammetry, satellite photogrammetry, and macro photogrammetry
- On the basis of photogrammetry style, the global photogrammetry software market is segmented into point-and-shoot photogrammetry, multi-camera photogrammetry and video-to-photogrammetry
- On the basis of application, the global photogrammetry software market is segmented into culture heritage and museum, films and games, topographic maps, traffic management system, 3D printing, drones and robots, and others
- On the basis of end user, the global photogrammetry software market is segmented into building and construction, automotive, energy, oil and gas, ship building, and others
Regional Insights: North America dominates the Global Photogrammetry Software Market
North America dominates the global photogrammetry software market, propelled by the presence of major key players and heightened business promotion expenditures in the region. The concentration of industry leaders contributes to the market's stronghold, fostering innovation and technological advancements. Increased financial investments further fortify North America's position, establishing it as a key influencer in shaping the trajectory of the photogrammetry software market on a global scale.
Asia-Pacific is expected to dominate during the forecast period from 2022 to 2029. This projection is fueled by a surge in construction activities and heightened regional infrastructural development initiatives. As urbanization and industrialization intensify, the demand for accurate spatial data, facilitated by photogrammetry software is rising. The region's burgeoning construction and infrastructure projects are a key contributor to the substantial growth anticipated in the global photogrammetry software market.
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The Prominent Key Players Operating in the Global Photogrammetry Software Market Include:
- Pix4D SA (Switzerland)
- 3Dflow SR (Italy)
- Agisoft (Russia)
- Capturing Reality s.r.o. (Slovakia)
- Vexcel Imaging GmbH (Austria)
- nFrames (Germany)
- REDcatch GmbH (Austria)
- NUBIGON Inc. (U.S.)
- Linearis3D GmbH & Co.KG (Germany)
- Menci software SRL (Italy)
- Photometrix Photogrammetry Software (Australia)
- Skyline Software Systems Inc. (U.S.)
- Racurs (Moscow)
- SimActive Inc. (Canada)
- ICAROS (Germany)
- Magnasoft. (India)
- DroneDeploy (U.S.)
- PhotoModeler Technologies (Canada)
- Esri International LLC (U.S.)
- Autodesk, Inc. (U.S.)
- Trimble Inc. (U.S.)
- Hexagon AB (Sweden)
Above are the key players covered in the report, to know about more and exhaustive list of global photogrammetry software market companies, contact: https://www.databridgemarketresearch.com/contact
Research Methodology: Global Photogrammetry Software Market
Data collection and base year analysis are done using data collection modules with large sample sizes. The market data is analyzed and estimated using market statistical and coherent models. In addition, market share analysis and key trend analysis are the major success factors in the market report. The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, global vs Regional and Vendor Share Analysis. Please request analyst call in case of further inquiry.
