photogrammetry software market

For decades, photogrammetry has played an important role in helping us understand the nature and structure of physical objects and the Earth’s surface. The use of photogrammetry has expanded over the years, and it is now used in several sectors, including engineering, construction, and medicine, amongst others.

The rise in computing power and other technological advances have led to the development of photogrammetry software, which provides the required tools for photogrammetric measurement. Continue reading as we cover the basics of photogrammetry and detail the growth drivers and regional analysis of the photogrammetry software market. Read on!

Basics of Photogrammetry

Simply put, photogrammetry is a 3D coordinate measuring technique that employs photographs as the fundamental object for measurements. The method generally revolves around the notion of gathering data from the photos, which are collections of the object.

Photogrammetry is based on the concept of triangulation, in which multiple photos are taken to determine the location of a point from known points. The pictures are taken from different angles and locations to ensure the data and calculations are accurate and reliable. The collected data and calculations are then inserted into mathematical models to create 3D coordinates of the point of interest.

Industry Analysis

According to a new study by Polaris Market Research and Consulting, the photogrammetry software market size was USD 1,169.33 million in 2022 and is expected to grow to USD 4,143.03 million at a CAGR of 13.5% during the forecast period.

The market’s expansion is primarily driven by the growing usage of the Global Positioning System (GPS) in several sectors. Construction is one of those industries that primarily relies on GPS technology as it provides timely and accurate data, thereby enhancing their performance even in difficult situations. Besides, using GPS data in the construction sector has several other advantages, including the ability to access signals from anywhere across the globe.

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Applications of Photogrammetry

Photogrammetry has a wide range of applications in several sectors. Some of them include:

Architecture: Photogrammetry is used by architects for site planning and construction monitoring. Also, it is used to render visualizations.

Archeology: Archeologists can use photogrammetry to virtually map and explore undiscovered areas of our planet.

Quality control: Photogrammetry assists in the quality control of manufacturing processes.

Forensic research: Forensic researchers can record crime scenes in 3D to get more insights into issues like bullet flight paths or car crashes.

Meteorology: Photogrammetry can help meteorologists determine the speed of tornadoes.

The Aerial Photogrammetry Segment is Projected to Grow at the Fastest Rate

Aerial photogrammetry can capture high-resolution photos and cover large land areas in a single flight. Also, the method is quick and affordable and provides timely information on the ground. Furthermore, aerial photogrammetry can be used for several applications, including construction, filmmaking, and archeology. As a result, the aerial photogrammetry segment in the photogrammetry software market is anticipated to grow at the fastest rate over the forecast period.

Regional Analysis

North America: The photogrammetry software market in North America region is expected to witness significant growth over the forecast period. This can largely be attributed to the growing digitization rate and significant usage of photogrammetry software. The United States leads the sector, especially in topographic architecture and engineering. As a result, vendors in the U.S. are making significant investments in developing advanced tools for geospatial tasks such as geo-imaging and geo-referencing.

Europe: Europe is projected to dominate the market in the upcoming years. This is primarily due to the rising investment efforts in major economies like Italy, Germany, and the U.K. Besides, the need for photogrammetry software has increased owing to evolving processes and growing emphasis on improving production quality across various sectors.

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Recent Developments

In May 2023, Swiss software company Pix4D introduced a new standard for photogrammetry project interchange named Open Photogrammetry Format (OPF). The new interchange standard promotes seamless collaboration and trading of photogrammetric data between several parties and software products.

To Conclude

Photogrammetry is a novel process for extracting 3D data from images. Along with the construction sector, photogrammetry software has applications in several other industries, including entertainment, sports, and filmmaking. As a result, the photogrammetry software market is anticipated to grow significantly over the forecast period.

 

By Sonia Javadekar

Sonia is a poised content writer with five years of experience in the same. She is an avid writer with getting her work published for an audience to read and share. She strives to develop content that spreads brand awareness and induces consumers to click on the website that she wrote for after searching for a keyword. Her experience in content writing has permitted her to work with clients in market research industry. My passions include reading, writing and classical dance.