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Digital Elevation Model Market is projected to register a valuation of US$ 4,750.0 Mn by 2029

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

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.

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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

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Key Questions Answered in the Report

Digital Elevation Model Market Outlook by Category

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