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Digital Elevation Model Market: Global Industry Analysis, Size, Trends, Growth, Trends, and Forecast 2019 - 2029

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Digital Elevation Model Market: Global Industry Analysis, Size, Trends, Growth, Trends, and Forecast 2019 - 2029

Status : August, 2020 | Technology & Media | PPT format
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Report Digest

Global Digital Elevation Model Market: Overview

An impressive compound annual growth rate would be charted by the global digital elevation model market, as per Transparency Market Research, owing to increase in applications across various industries such as military and defense, aerospace, planning and construction, and telecommunication. Besides, improving technology and constant up-gradation of DEM maps is also contributing positively to growth in the global digital elevation model market. Note here that India, China, and the United States of America are set to witness a massive increase in construction volumes. World over, an 85% increase would be noted in these volumes by the year 2030. The robust growth rate will also lead to creation of more growth opportunities for players operating in the market.

Global Digital Elevation Model Market: Competitive Landscape

A small number of players have a notable grasp on the market share, making the vendor landscape of global digital elevation model market quite consolidated. It is significant to note here that players are opting for various growth strategies, which are shaping the future of the market.

Companies that are dominant in the global digital elevation model market are 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.

Of the many growth strategies that the global digital elevation model players resort to in order to stay ahead of the competitors, the most prominent and common ones include having a keen eye on research and development, investing in advancement of technology, and mergers and acquisitions and strategic partnerships and collaborations, often built on mutual synergies. It is not surprising considering the alliances often lead to better resource allocation, combination of know-hoe, and market penetration. This, in turn leads to consolidation of market position.

Global Digital Elevation Model Market:  Key trends and driver

 

Transparency Market Research notes that a string of factors of growth are underscoring the notable trajectory global digital elevation model market. Of these many trends and drivers that are impacting the market landscape positively over the forecast period, some prominent ones are:

  • Players in the market are highly focused on improving their maps – DEM. Better resolution is a major focus and therefore this fact does not come as a major surprise. Besides, another focus is set to be on improving user interface. This is because demand from the military and defense for better and more innovative products is increasing. And, it is significant to note here that these measures along with technological advancement are facilitating growth in the global digital elevation model.
  • Governments across the world are conducting surveys and explorations to understand the territory better. Besides, military and defense, and aerospace need these to understand topography better. This is leading to growth in the global digital elevation model market.

Global Digital Elevation Model Market:  Regional Analysis

Asia Pacific (APAC) will emerge as an attractive regional market owing to factors such as rapid urbanization and increasing military expenditure. The region will chart a high compound annual growth rate over the forecast period. India, China and South Korea will pave for notable growth in the market, contributing massively. It is noteworthy here that expansion in construction and planning is a major growth booster in the regional digital elevation model market.  Other notable regional markets will be North America, followed by Europe.

Segmentation:

By Use:

  • Triangular Irregular Network DEM
  • Raster DEM

By End-Use Application:

  • Geological Explorations and Survey
  • Aerospace
  • Planning and Construction
  • Telecommunication
  • Mining
  • Metrology
  • Military and Defense
  • Others

The study presents a granular assessment and quantitative evaluation of:

  • Key growth factors and prominent trends
  • Size and share of key segments in overall market
  • Key challenges and winning imperatives
  • Factors shaping competitive landscape
  • Insights into how contours of market will change in coming years
  • Technological advances
  • New avenues and imminent investment pockets
  • Regulatory landscape shaping current and future strategies of companies

The region-wise assessment includes market dynamics in:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The study is prepared with the help of an extensive primary and secondary research. Primary research includes but not limited to interactions, interviews, surveys, and events. Opinions of policy makers and industry experts are carefully integrated into the insights to complement primary research. Volumes of secondary data gleaned through renowned paid sources, annual statements, reputed journals, and government documents offer insights into current dynamics and key evolution trajectories the market is likely to assume. The research employs various industry-wide analytics methods and well-established methodologies to ascertain the attractiveness of key segments. Further, it evaluates the lucrativeness of key regions and factors underlying their maturity. The insights notably include a detailed analysis of forces behind vendor differentiation and offers insight into investment-decision making by prominent players.

The report strives to enlighten businesses and industry stakeholders on multiple facets of the growth dynamic of the market, the key of which include answers to:

  • Which key factors will shape the competitive landscape?
  • Which trends will stimulate research and development activities in different geographies?
  • Which are the lucrative growth areas and what is the size of potential they are likely contribute to the overall market?
  • Which disruptions in market growth are likely to come with the new business models?
  • Which are some of the recent overhauls in policies that may change the course of the market significantly?
  • Which are the geographies that will form sizable sources of new streams to new and established players alike?
  • How are top players likely to realign their strategy to counter the forces of competition?
  • Which key strategies emerging players are likely to focus on to consolidate their position?
  • Which changes in end-user preferences might affect the status quo held by the leading players?
  • Which are some of the game-changing innovations influencing the projected share and revenue of the market and its segments?

Note: Utmost care has invariably been taken to present data and arrive at statistics at all the TMR Research reports. Meanwhile, some recent developments and new industry trends may take time to be included in the reports.