PUBLISHER: Polaris Market Research | PRODUCT CODE: 1346915
PUBLISHER: Polaris Market Research | PRODUCT CODE: 1346915
The global photogrammetry software market size is expected to reach USD 4,143.03 million by 2032, according to a new study by Polaris Market Research. The report "Photogrammetry Software Market Share, Size, Trends, Industry Analysis Report, By Method (Aerial Photogrammetry, Terrestrial Photogrammetry, Satellite Photogrammetry, and Macro Photogrammetry); By Photogrammetry Style; By End-User; By Application; By Region; Segment Forecast, 2023- 2032" gives a detailed insight into current market dynamics and provides analysis on future market growth.
The market for photogrammetry software is expanding significantly as a result of the rising need for accurate mapping, surveying, and 3D modeling solutions across numerous sectors. For example, in August 2022, Scantech is pleased to introduce Glopho, its newest photogrammetry software, which allows for the ultra-high accuracy data capture of medium-to-large size items up to 0.012 mm/m. To collect precise coordinates for parts, Scantech's transportable 3D scanner KSCAN-Magic and photogrammetry device MSCAN cooperate with this potent photogrammetry software.
Additionally, in April 2023, Correlator3D Version 10 has been released by SimActive Inc., a pioneer in the field of photogrammetry software. Point clouds may now be produced at substantially higher densities, and the user interface has been totally redone with a new dark-colored option. Therefore, the adoption of 3D in photogrammetry software which is used across the various verticals is driving the growth of the market over the forecast period.
Furthermore, the modernization of new technologies for creating photogrammetry software as well as fierce competition between different vendors all contribute to the market's expansion. For picture matching, a cloud of point generation, and 3D reconstruction, software developers are concentrating on building feature-rich systems with intuitive user interfaces, cloud-based computational capabilities, and powerful algorithms. The efficiency and precision of photogrammetric workflows are further improved by the incorporation of artificial intelligence and machine learning, which enables automated removal of features, object recognition, and data analysis.
The culture Heritage and Museum segment is anticipated to grow at a significant CAGR over the forecast period. By capturing measurements from two-dimensional photographs, photogrammetry software is utilized in cultural heritage and museums to precisely replicate physical things.
Films and Games accounted for largest revenue share in 2022. The market is also being driven by an increase in the number of hours that photogrammetry software is being used continuously and its widespread use in big events like movie and sports theatres.
Asia-Pacific is expected to grow at a substantial CAGR over the projected period on account of the expansion of construction projects and measures to develop the region's infrastructure.
The global players include: 3Dflow SR, Capturing Reality, DroneDeploy Corporation, Hexagon, ICAROS, Magnasoft Ltd., nFrames, NUBIGON, Pix4D SA, REDcatch
Polaris Market Research has segmented the Photogrammetry Software market report based on method, end-user, application, photogrammetry style, and region: