New York, According to a new market research report published by Global Insight Services “Digital Elevation Model Market” is expected to reach US$ XX bn by 2031. Report includes in-depth segmentation and market size data by categories, product types, applications, and geographies. Report also includes comprehensive analysis of key issues, trends and drivers, restraints and challenges, competitive landscape, as well as recent events such as M&A activities in the market.
A digital elevation model (DEM) is a three-dimensional (3D) representation of a terrain’s surface – typically of a planet, such as Earth – created from elevation data. DEMs are commonly generated using remote sensing techniques, but they can also be created using photogrammetry.
The most common DEMs are based on raster data, where each cell in the grid represents a specific elevation. However, DEMs can also be created from vector data, which can provide a more accurate representation of the terrain.
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Key Trends
There are a few key trends in Digital Elevation Model (DEM) technology that are worth mentioning. First, the use of DEMs is becoming more widespread as the technology becomes more affordable and accessible. This is particularly true in the field of engineering, where DEMs are used to create models of terrain for various purposes.
Second, DEMs are becoming more accurate as new technologies are developed. This is due in part to the use of better sensors and improved algorithms. As a result, DEMs are becoming more useful for a variety of applications.
Third, DEMs are becoming more user-friendly. This is thanks to the development of new software tools that make it easier to use DEMs. In particular, there is a growing trend towards using DEMs in 3D applications. This is because DEMs can provide a more realistic representation of terrain than traditional 2D methods.
Key Drivers
There are a number of key drivers that are fueling the growth of the digital elevation model market. One of the key drivers is the increasing demand for accurate and up-to-date topographic data. With the increasing popularity of GIS and GPS, there is a growing need for accurate topographic data that can be used for a variety of applications such as route planning, asset management, and disaster management.
Another key driver of the digital elevation model market is the increasing adoption of LiDAR technology. LiDAR is an emerging technology that is being used for a variety of applications such as mapping, surveying, and asset management. The use of LiDAR is expected to grow significantly over the next few years as it offers a number of advantages over traditional surveying methods.
Market Segmentation
The Digital Elevation Model Market is segmented by tools, application, industry, and region. By tools, the market is divided into software and services. By application, the market is bifurcated into agriculture, 3D visualization, mapping, and others. By industry, the market is divided into telecommunication, aviation, geological, weather, and others. By region, the market is classified into North America, Europe, Asia-Pacific, and rest of the world.
Key Players
The key players in the Digital Elevation Model Market are TomTom International B.V., Harris MapMart, LAND INFO Worldwide Mapping, LLC., CompassData, Inc., DHI GRAS A/S, Telespazio Spa, Apollo Mapping, CATUAV, PASCO Corporation, and NIRAS A/S.
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Reasons to buy Digital Elevation Model Market Report:
• Develop comprehensive understanding of market landscape – industry structure, value-chain, key players, trends, drivers, and challenges
• Drive revenue and market-entry strategy by gaining insights into which segments and geographies are largest and likely to grow fastest
• Formulate sales and marketing strategies by gaining understanding of competitors, their positioning, and strengths & weaknesses
• Develop business and M&A strategies through understanding of latest trends and emerging players in the market
• Refine your business plans by understanding impact of disruptions such as Covid-19 and Russia-Ukraine conflict on the market
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