Industry Background:
Photogrammetry software is designed for taking overlapping photographs of an object, space, structure, and converting them into 2D or 3D digital models, or the art and science of extracting 3D information from photographs. It offers multiple benefits in different sectors including civil engineering, geology, archaeology, film making and entertainment and sports. The involvement to photogrammetry is photos, and the output is normally a guide, a drawing, an estimation, or a 3D model of some real-world article or scene. A considerable lot of the maps we use today are made with photogrammetry and photos taken from an aircraft. For instance May 2019, in the presentation at SPAR 3D Expo 2019, Topcon and Bentley announced the cloud base photogrammetry software processing for magnet collage web. The demand for the photogrammetry software is gaining popularity in the market as advancement in technology growing.This growth is primarily driven by Increasingly Demand from Research Areas Is Driving Booming the Demand of Photogrammetry Software in the Markets, Growth of Construction and Infrastructure Developments Industry and Increasing Demand from the Farmers for Agriculture Purpose.
Globally, a noticeable market trend is evident The rising number of drones worldwide has increased need for air traffic control
. Major Players, such as Pix4D (Switzerland), Agisoft PhotoScan (United States), Autodesk (United States), Acute3D (France), Eos Systems Inc (United States), Photometrix (Austria), PMS Photo Mess Systeme AG (Switzerland), Intel (United States), Skyline Software Systems (United States) and Vexcel Imaging GmbH (United States) etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
Key Developments in the Market:
May 2019 Bentley Systems Acquired Keynetix, the United States Based Bentley System Is Global Software & Service Provider For Design, Construction And Operation Of Infrastructure. These Acquisition Will Help the Bentley System for Cloud-Based Software for Capturing, Visualizing Sharing Geotechnical Data. This Will Help the Company to Expand Their Business and Growth in Revenue and Continued Expanded Leadership for Providing Services Across the Globe
Market Drivers
- Increasingly Demand from Research Areas Is Driving Booming the Demand of Photogrammetry Software in the Markets
- Growth of Construction and Infrastructure Developments Industry
- Increasing Demand from the Farmers for Agriculture Purpose
Market Trend
- The rising number of drones worldwide has increased need for air traffic control
- Growing use for inspections in military and defence restricted areas
Restraints
- Lack Of Trained And Skilled Professionals To Understand The Photogrammetry Software
Opportunities
Adoption of Drone Technology with Photogrammetry Software
Challenges
Availability of Substitute software
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