The Digital Elevation Models market will be valued at approximately USD 1,379.7 million by the end of 2022. The market is expected to grow at a CAGR of 16.9% through 2030, with a peak valuation of USD 4.750 billion.
Market Overview
The research firm Contrive Datum Insights has just recently added to its database a report with the heading global Digital Elevation Model Market.Both primary and secondary research methodologies have been utilised in order to conduct an analysis of the worldwide Digital Elevation Model Market. In order to provide a comprehensive comprehension of the topic at hand, it has been summed up using appropriate and accurate market insights. According to Contrive Datum Insights, this worldwide comprehensive report is broken up into several categories in order to present the data in a way that is understandable, succinct, and presented in a professional manner. Earth science progress has been a major factor in the growth of the digital elevation model market around the world. Good results have come from using digital blueprints and 3D models of landscapes in geographic analysis and testing. Digital elevation models are also used by scientists and researchers to learn about the topography and topography of remote areas. Also, the traditional way of using these models to study things like planets, the sun, and the moon is still valid today. Digital elevation research moves forward because of how important GIS is in key industries. Also, making separate global grids has become a useful way to study the topography of different places. Because of these things, the global market for digital elevation models will make a lot more money. Contrive Datum Insights just added the Digital Elevation Model to its huge database, which helps businesses shape their futures by making smart business decisions. It gives a thorough look at many business topics, such as global market trends, new technological developments, market size, market shares, and new ideas. Also, this analytical data was put together with the help of data exploration methods like primary and secondary research. A team of expert researchers also sheds light on both static and changing parts of the global Digital Elevation Model market.
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Segment Analysis
It encompasses the most important key players in the world’s various regions and contains them. In this research report, several different techniques that high-level industries have utilised to achieve their goals are discussed. In order to obtain a more in-depth analysis of a number of different businesses, player profiles of the most important top players have been developed. It is beneficial to have an understanding of the worldwide competition on both the domestic and international platforms.
It provides a detailed description of the drivers and opportunities in the Digital Elevation Model Market, which assists current customers and potential customers in gaining a clear vision and making decisions that are most effective for them. In order to discover the desired facts regarding the target market, various types of analysis models, such as Digital Elevation Model Market, are utilised. In addition to this, it includes a variety of different techniques for strategic planning, which encourages the way to define and develop the framework of the various industries.Scientific, Commercial, Industrial, Military, and Operational are the different types of the market. Scientific DEM is used for research and analysis in the sciences, such as earth science. Scientists use it to study tectonic processes, model landslides or floods, and look at how people use land. A commercial digital elevation model (DEM) is one of the most important parts of a geographic information system (GIS) because it shows the topography of the Earth accurately. Industrial digital elevation models are used for many things in the business world, such as designing and laying out plants, moving materials, simulating processes, and so on. On the basis of Application, the market is split into Telecommunication, Planning and Construction, Transportation and Tourism, Oil and Mining, Aviation, Geological, and Weather. Digital elevation models are used a lot in the telecommunications industry for many different reasons. The planning and building industries are using digital elevation models more and more. Digital Elevation Models (DEMs) are being used more in transportation and tourism because precise measurements are becoming more important. The oil and mining industries, as well as other geoscience applications, can use the Digital Elevation model.
Based on types, the Digital Elevation Model Market is segmented into:
- 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
Based on application, the Digital Elevation Model Market is segmented into:
- 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
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Recent Development
Sumitomo Electric and TomTom announced a partnership in October 2019. The goal of the partnership is to combine Sumitomo Electric’s expertise in intelligent transportation systems with TomTom’s high-precision real-time traffic data and high-definition maps. It also makes mobility solutions that aim to make roads safer and reduce traffic jams.
Cloud Constellation Corporation and Telespazio joined forces in September 2019 to build a marketplace for SpaceBelt’s DSaaS service. With the help of this partnership, Cloud Constellation can reach more people in South America and Europe.
Regional Analysis
The U.S. is expected to use the most digital elevation models in North America, and the market is expected to grow at a compound annual growth rate (CAGR) of 10.7% from 2022 to 2029. The U.S. market for digital elevation models is growing faster than other markets because the infrastructure for 5G modules is more developed, the economy is building up infrastructure, and the country’s telecom industry is growing. For example, Harris Corporation and L3 Technologies merged in July 2019 to make a global leader in defense technology. It also focuses on making unique solutions that are mission-critical for customers all over the world. The demand for the digital elevation model market is being driven by the growth of key market players in the country. By 2029, the size of the German market for digital elevation models is expected to grow by 2.4 times. This will make it one of the largest markets for digital elevation models in Europe. Between 2022 and 2029, the German market is expected to bring in a total of USD 207.9 million. Infrastructure in Germany is well-developed in the telecommunications, transportation, tourism, and geological fields. Most of the time, digital elevation models are used in infrastructure, 3D visualization, and cartography. In the German states of Berlin and Hamburg (Bundeslander), two digital elevation models were added to windPRO in January 2020. The resolution of these models is 5m. Because of this change in the country, the digital elevation model market is growing.
Regional Digital Elevation Model Market coverage (Regional Status, Demand Forecast, Country Trends, etc.):
- North America, Europe, China, Japan, Southeast Asia, India.
- North America (USA, Canada, and Mexico).
- Europe (Germany, France, UK, Russia and, Italy).
- Asia-Pacific (China, Japan, Korea, India and, Southeast Asia).
Key segments covered in the Digital Elevation Model Market include:
- Digital Elevation Model Market Growth Drivers and Barriers.
- Market Trends, Market Opportunities, Porter’s Five Forces Analysis.
- Market Overview, Industry Development, Market Maturity, Value Chain Analysis.
- Regional and Country Level Analysis.
- Trends and Forecasts for Market Segments.
- Market Analysis and Various Recommendations.
- Key market forces.
Report Customization:
This report will be customized to your needs for additional data up to 5 companies or 5 countries or nearly 40 analyst hours.
https://www.contrivedatuminsights.com/product-report/digital-elevation-model-market-40371Key Market Participants in the Digital Elevation Model Market:
TomTom, Harris MapMart, LAND INFO, CompassData, DHI GRAS, Telespazio, Apollo Mapping, and others.
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