A recent market study published by FMI on the Digital Elevation Model Market includes a global industry analysis 2014-2018 and opportunity assessment 2019-2029, and delivers a comprehensive assessment of the most important market dynamics. After conducting a thorough research on the historical as well as current growth parameters, growth prospects of the market are obtained with maximum precision.
Increasing need for reconnaissance for mineral and water resources and critical planning of breakwater constructions in operational applications are creating potential growth opportunities for digital elevation model providers. The global digital elevation model market is expected to surpass the mark of US$ 1 Bn by 2019 end, further witnessing a stellar 16% CAGR through 2029.
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- The global digital elevation model market was valued at ~US$ 942 Mn in 2018 and will exhibit a CAGR of ~16% during the forecast period of 2019-2029.
- Geological explorations and surveys conducted by governments are creating potential growth opportunities for the digital elevation model market.
- A few other factors that would significantly contribute towards the growth of market include the launch of 5G module, economic construction of infrastructure, and expansion of the telecommunication industry.
- North America is a prominent regional market in terms of value and currently accounts for over a fourth of global market revenues.
- High opportunistic potential of hydrologic modelling, resource monitoring, mapping and visualization will majorly underpin growth of digital elevation market in this region.
- Rising investments in construction and military & defence industry applications are projected to be responsible for the prominence of Asian markets.
The demand for digital elevation model is expected to experience significant growth over the course of next decade, as the applicability continues to soar in industries such as military and defense. Rapid growth in urban and infrastructure planning and mapping will remain the prime factor pushing the demand for digital elevation model.
Competition Dashboard in Digital Elevation Model Market
Future Market Insights has studied a few of the companies in the digital elevation model market. Some of these are TomTom International B.V., CATUAV, Harris MapMart, LAND INFO Worldwide Mapping, DHI GRAS A/S, CompassData, Telespazio Spa, Apollo Mapping, VRICON, PASCO Corporation, and NIRAS A/S.
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Digital Elevation Model Market: Segmentation
The global digital elevation model market is segmented in detail to cover every aspect of the market and present a complete market intelligence approach to readers.
Tool
- Software
- Services
- Rendering 3-D Visualization
- DEM Maps in 2D or 3D CAD
- Building Layouts and Relief Maps
- Rectification of Satellite Images and Aerial Photograph
- Drainage and Sight Analysis
Application
- Hydrological Modelling and Bathymetric Analysis
- Disaster Prevention
- Infrastructure
- Agriculture
- 3D Visualization
- Mapping
- Gravity Measurements Terrain Correction or Reduction
Industry
- Telecommunication
- Planning and Construction
- Transportation and Tourism
- Oil and Mining
- Aviation
- Geological
- Weather
- Military and Defence
Key Insights
North America and APEJ are poised to lead the revenue generation in the digital elevation model market for the foreseeable future. Companies are likely to focus on M&A and aggressive product launches to sustain their competitive position in the digital elevation model market. Along with this, companies are advised to enter into strategic alliances with governmental organizations to form standard solutions for improving efficiency and reducing costs as there is no such standard present across the globe today. An appropriate method and plan should be set up with governments to effectively deploy digital elevation models. With standardization in place, digital elevation models would assist in the analysis of fixed quantities and strengthen disaster management and environmental change detection.
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Table Of Content:
1. Executive Summary
2. Market Overview
3. Key Market Trends
4. Key Success Factors
5. Global Digital Elevation Model Market Demand Analysis 2014-2018 and Forecast, 2019-2029
6. Market Background
7. Global Digital Elevation Model Market Analysis 2014-2018 and Forecast 2019-2029, By Tool
8. Global Digital Elevation Model Market Analysis 2014-2018 and Forecast 2019-2029, By Application
and many more…