Global digital elevation model market sales were valued at around US$ 1,379.7 Mn at the end of 2021. The market is projected to register 16.9% CAGR and top a valuation of US$ 4,750.0 Mn by 2029. The digital elevation model market accounted for almost 10% market share of Geographic Information System (GIS) market globally. The growth in digital elevation model market attributes to rising adoption of digital elevation model software across various applications including hydrological modelling and bathymetric analysis, disaster prevention, infrastructure, agriculture, 3D visualization, 3D mapping, gravity measurements, terrain correction, and others.
Key Takeaways – Digital Elevation Model Market Study
- Digital elevation model is playing a major role in monitoring geographies and providing information regarding the ecosphere.
- Digital elevation model helps deliver more precise solutions to military, regarding mapping, charting, geo-positioning, and navigation.
- The tool sector of the digital elevation model market is projected to generate a billion-dollar worth of opportunity during the forecast period of 2022 to 2029.
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.
Ask An Analyst @ https://www.futuremarketinsights.com/ask-the-analyst/rep-gb-2774
Product Innovation to Enhance Remote Sensing Technology
Key vendors that are operating the digital elevation model platform are strategizing on innovation of products related to remote sensing technology.
This would particularly enable them to achieve full global coverage and let include global 3D map services. In July 2022, NTT DATA and Remote Sensing Technology Center of Japan (RESTEC), launched AW3D full global 3D Map with 2.5-meter resolution, to provide clients with value-added information for urban planning, disaster-damage forecasting.
During the initial stage of construction and planning of a new crude pipeline in the Middle East region, digital elevation models are utilized for regional planning with high resolution data offering and detailed assessment. This process allows for reduced initial investment capital.
The market scenario is thus expected to change during the next few years after the introduction of advanced and cost-effective digital elevation model and sensing solutions for the mining sector. These factors are creating potential growth opportunity for developers and providers of digital elevation model.
More Valuable Insights on Digital Elevation Model Market
This research report provides detailed analysis of the digital elevation model market and offers insights on various factors such as growing popularity of digital elevation model in various verticals.
To understand and evaluate these opportunities in the digital elevation model market, the market is segmented into four major sections such as tools (software and services), 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 defense) and region.Digital Elevation Model Market Outlook by Category
By Tools :
- Digital Elevation Model Software
- Digital Elevation Model 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
By Application :
- Hydrological Modelling and Bathymetric Analysis
- Disaster Prevention
- Infrastructure
- Agriculture
- 3D Visualization
- Mapping
- Gravity Measurements Terrain Correction or Reduction
By Industry :
- Telecommunication
- Planning and Construction
- Transportation and Tourism
- Oil and Mining
- Aviation
- Geological
- Weather
- Military and Defence
Region :
- North America
- Latin America
- Western Europe
- Eastern Europe
- Asia Pacific Excluding Japan
- Japan
- Middle East and Africa
Buy Complete Report @ https://www.futuremarketinsights.com/checkout/2774
Key Questions Answered in the Report
- How much is the global market on digital elevation model valued at?
- What is driving demand for digital elevation model market?
- At what CAGR did demand for digital elevation model increase over the past 7 years?
- What will be the demand outlook for digital elevation model through 2029?
- Which are the top 5 countries driving most of the demand for digital elevation model?
Digital Elevation Model Market Outlook by Category
By Tools :
- Digital Elevation Model Software
- Digital Elevation Model 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
By Application :
- Hydrological Modelling and Bathymetric Analysis
- Disaster Prevention
- Infrastructure
- Agriculture
- 3D Visualization
- Mapping
- Gravity Measurements Terrain Correction or Reduction
By Industry :
- Telecommunication
- Planning and Construction
- Transportation and Tourism
- Oil and Mining
- Aviation
- Geological
- Weather
- Military and Defence
Region :
- North America
- Latin America
- Western Europe
- Eastern Europe
- Asia Pacific Excluding Japan
- Japan
- Middle East and Africa