Market Highlights
The development in the modern image capturing technologies is projected to create a favorable scope of growth for the photogrammetry software market 2020. The ICT industry reports are generated by Market Research Future, which centers on market choices for expansion. A CAGR of 15.1% is estimated to reach incomes worth USD 713.1 Million in the forecast period.
The need for GPS based satellite imagery is expected to spur the photogrammetry software market on a global scale. Also, the demand from end-users such as architects, surveyors, etc. is estimated to further outline a beneficial scope for development in the forecast period.
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Segmentation:
The segmental appraisal of the photogrammetry software market is conducted on the basis of application, type, and region. On the basis of the types, the photogrammetry software market has been segmented into satellite photogrammetry, terrestrial photogrammetry, aerial photogrammetry, and macro photogrammetry. The application basis of segmenting the photogrammetry software market consists of land surveying, engineering, real estate, film and entertainment, and others. Based on the regions, the photogrammetry software market is segmented into the Middle East, North America, South America, Europe, Asia-Pacific, and Africa.
Detailed Regional Analysis
The regional investigation of the photogrammetry software market has been segmented into the Middle East, North America, South America, Europe, Asia-Pacific, and Africa. The largest share in the photogrammetry software market is of the North American region as the suppliers in this region are investing extensively in R&D activities, which has added to the improvement of technologies in land surveying and other geospatial activities such as geo-modeling, geo-capturing, geo-imaging, and geo-referencing. The US significantly leads the regional market in the North American region due to the elevated digitalization rate and the wide-ranging employment of photogrammetry software primarily for uses such as architecture, topographic mapping, and engineering.
Competitive Analysis
The development of the market is contingent on the delicate balance of the forces of demand and supply. The consumers in the market are well aware of their requirements and how the market can meet them. The enrichment of the sources of supply is allowing the market players to create products that can be successful in the market effectively. The collaboration of competitors in this market is expected to give way to new developments and novel product launches. The availability of advantageous policies and regulations by trade bodies and governments is expected to hasten the advance of the market in the forecast period. The improved economic state of the companies is expected to lead to better research and development trials and activities in the impending period. The upgradation in production capacity is estimated further to accelerate the market expansion in the upcoming period.
The noteworthy companies in the photogrammetry software market are Autodesk (US), Teledyne Photometrics (US), RealityCapture (Slovakia), Mess Systeme AG (Switzerland), Acute3D (France), PhotoModeler (Canada), BAE Systems (UK), PMS Photo Realsense (US), Pix4D (US), Skyline Software Systems (US), 3Dflow SRL (Italy), Hexagon AB (Sweden), Agisoft (US), and Trimble Inc. (US).
Industry Updates:
Mar 2020 Aerial Applications, a drone solutions dealer specializing in GPU-accelerated data processing, has launched their new photogrammetry software, Mapware, with a user-focused beta program. The user-friendly system permits users to go from untreated data to a working model in a few steps. The Mapware beta program is likely to run three months long. The Aerial Applications intends to entirely commence the Mapware software with tiered-pricing and conventional subscriptions later in 2020.
Mar 2020 SimActive Inc., a global developer of photogrammetry software, has announced an improved workflow in Correlator3D to hasten stockpile measurement. The unique capability permits automatically examining numerous volumes within a similar project and outputting complete reports.
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Global Photogrammetry Software Market Research Report: By Type (Aerial Photogrammetry, Terrestrial Photogrammetry, Satellite Photogrammetry, Macro Photogrammetry), Application (Engineering, Land Surveying, and Real Estate, Film and Entertainment, others) and Region (North America, Europe, Asia-Pacific, the Middle East, and Africa and South America) - Forecast till 2027
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