According to a new market research report published by Credence Research “Digital Elevation Model (DEM) Market (by Type: Triangular Irregular Network (TIN) DEM and Raster DEM; by End-use Application: Geological Exploration & Surveys, Aerospace, Planning & Construction, Telecommunication, Mining, Metrology, Military & Defense, and Others) – Growth, Future Prospects, and Competitive Landscape, 2018-2026”, the digital elevation model (DEM) market was valued US$ 746.7 Bn in 2017 and estimated to grow with a CAGR of 12.2% during the forecast period from 2018 to 2026.
[Note: Our Free Complimentary Sample Report Accommodate a Brief Introduction To The Synopsis, TOC, List of Tables and Figures, Competitive Landscape and Geographic Segmentation, Innovation and Future Developments Based on Research Methodology are also Included]
Rapid urbanization and the paradigm shift of the telecommunications industry to 5 G networks are the most important factors for the development of the digital elevation model. The Digital Elevation Model (DEM) helps the authorities and town planners to prepare their development programs and budgeting according to the topographical complexity of the main geographic areas. It helps to build a safer and more stable infrastructure, including bridges, dams, airports, highways and other important public projects. As a result, governments around the globe are searching for precise and reliable digital elevation models for their geographical properties.
Growing telecommunications companies need reliable terrestrial information for the macro and micro-planning of infrastructure set up for the 5 G network in order to provide their customers with optimal services. The telecommunications market is therefore emerging as one of the largest consumers of the digital elevation model. In addition, planning & construction and telecommunications, aerospace, military & defense, geological exploration & surveys have extensively used a digital elevation model to better understand the earth’s surface. All of these end-use applications have a significant share of the overall digital elevation model market and are expected to contribute further in the coming years.
Improving the accuracy and best possible graphic representation of the data acquired is a key objective for players in the digital elevation model industry. The industry is fragmented with very few major players vying for market share. However, the survival and growth of these companies depend on the perpetual advancement of these companies in their products. Continuous production of real-life graphics and precision up to a few units is a key strategy for every organization involved in the development of a digital elevation model. The fragmented market provides enough opportunity for new entrants to have an impact on future innovations. Dethroning current market leaders, however, pose major challenges for emerging companies in the overall digital elevation model (DEM) industry.
Few of the major notable players profiled in this research study includes TomTom International N.V., Harris MapMart, LAND INFO Worldwide Mapping, LLC., CompassData, Inc., DHI GRAS A/S, Telespazio SPA, Apollo Mapping, CATUAV, VRICON, PASCO Corporation, and NIRAS A/S among others.
Key Analysis Covered:
Latest developments in digital elevation model market and growth opportunities for digital elevation model developers
Growing demand for DEM from governments and military & defense encouraging the growth of digital elevation model market
Different type of graphic interpretation methods used to provide most accurate and precise digital model of given topography
Largest and fastest growing segments in terms of DME type and end-use applications
Most prominent geographical regions/ countries for the digital elevation model market