Industry Outlook

The graphical representation next best to real topography allowed digital elevation model (DEM) to register a market value of US$ 667.2 Mn in 2017. The market projected to grow and reach market value of US$ 2,106.7 Mn in 2026 with a compound annual growth rate (CAGR) of 12.2% throughout the forecast period from 2018 to 2026. Digital elevation model is the graphic representation of actual topography by measuring the elevations and depressions on earth’s surface. Such methods are extensively helpful for several end-use applications including geological explorations & surveys for oil & gas and mining sector. Besides, planning & construction, telecommunication, aerospace and military & defense are few of the other notable end-use applications that rely extensively rely on digital elevation model. Continuously growing significance across various sectors projected to lift digital elevation model (DEM) market to new heights, making the market a lucrative one to watch for.

"Raster DEM Projected to Lose its Dominance to Triangular Irregular Network (TIN) DEM"

Raster DEM is the most easily available and commonly used digital elevation model at present. Raster DDEM is easy to design and does not involve intricate details of a given topography. The precision and accuracy are compromised in raster DEM, however, the short-comings are compensated with its low cost and fewer efforts required to map compared to triangular irregular network (TIN) DEM. Raster DEM is generally used by small applications such as telecommunication mapping and where cost is more of priority compared to accuracy. However, applications such as aerospace, military & defense and planning & construction prefer triangular irregular network (TIN) DEM for its great graphics representation and precision to few decimal degrees or meters. The technique is expensive but with continuous development in computer graphics and effective measuring techniques, the price of TIN DEM expected to come down, making the segment dominant in coming years.

"Geological Exploration & Surveys Conducted by Governments by Countries Worldwide Helped the Segment to Lead the Way"

Every country across the globe are mapping their territories and understanding their topology in order to carry out geological exploration and surveys. These explorations and surveys help nations to identify and define their boundaries and utilize their natural resources to the optimum level. Planning and construction trail geological exploration and surveys in terms of market value. Rapid urbanizations and expansion of human habitat forced authorities to use DEM for planning and construction in order to ensure safe and economic construction of infrastructure. In addition to the aforementioned end-use application, telecommunication is one of the fastest growing sectors in overall digital elevation model market. Introduction of 5G module encouraged telecommunication companies to incorporate digital elevation model for their macro and microanalysis for telecommunication grid. These companies are using DEM to explore locations for their towers for better signal reception and dispersion. Besides various other end-use applications such as training and simulations, gaming and transportation industry are exploring utilizes of DEM, thus, encouraging the growth of DEM market in coming years.

"Developing Countries of Asia Pacific are the Most Lucrative Market for DEM Developers to Watch-out for"

North America backed by a strong market in the U.S. hold the top position in the overall digital elevation model (DEM) market in the year 2017. Various end-use sectors often study their digital elevation model of the desired location before initiating any major planning or construction. The DEM of the U.S. is available free of cost on government portals for common public. These models are updated periodically. Europe is the second most dominating region in DEM market after North America. However, developing countries such as China, India, and South Korea among others are the most lucrative market for DEM developers in coming years. Significant activities in planning and construction sector and rising expenditure for military and defense applications are the major factors supporting the growth of DEM market in Asia Pacific. The Region is the fastest growing region in overall digital elevation model (DEM) market in coming years.

"Consistent Up-gradation is the Key for DEM Developer Companies to Stay Competitive"

The digital elevation model (DEM) market is consolidated with a limited number of notable players contributing majority of share in the overall market. These players incorporated the policy of upgrading their existing DEM maps with better resolution, computer graphics, and user interface in order to maintain their significance in the market. Besides, acquiring government contracts and strategic partnerships with aerospace, military & defense organization to provide latest DEM mapping is another vital growth strategy observed by the DEM developers. Some of the most prominent and notable players in digital elevation (DEM) market 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.

Historical & Forecast Period

This study report represents analysis of each segment from 2022 to 2032 considering 2023 as the base year. Compounded Annual Growth Rate (CAGR) for each of the respective segments estimated for the forecast period of 2024 to 2032.

The current report comprises of quantitative market estimations for each micro market for every geographical region and qualitative market analysis such as micro and macro environment analysis, market trends, competitive intelligence, segment analysis, porters five force model, top winning strategies, top investment markets, emerging trends and technological analysis, case studies, strategic conclusions and recommendations and other key market insights.

Research Methodology

The complete research study was conducted in three phases, namely: secondary research, primary research, and expert panel review. key data point that enables the estimation of Digital Elevation Model (DEM) market are as follows:

• Research and development budgets of manufacturers and government spending
• Revenues of key companies in the market segment
• Number of end users and consumption volume, price and value.
• Geographical revenues generate by countries considered in the report
• Micro and macro environment factors that are currently influencing the Digital Elevation Model (DEM) market and their expected impact during the forecast period.

Market forecast was performed through proprietary software that analyzes various qualitative and quantitative factors. Growth rate and CAGR were estimated through intensive secondary and primary research. Data triangulation across various data points provides accuracy across various analyzed market segments in the report. Application of both top down and bottom-up approach for validation of market estimation assures logical, methodical and mathematical consistency of the quantitative data.

Key questions answered in this report

• What are the key micro and macro environmental factors that are impacting the growth of Digital Elevation Model (DEM) market?
• What are the key investment pockets with respect to product segments and geographies currently and during the forecast period?
• Estimated forecast and market projections up to 2032.
• Which segment accounts for the fastest CAGR during the forecast period?
• Which market segment holds a larger market share and why?
• Are low and middle-income economies investing in the Digital Elevation Model (DEM) market?
• Which is the largest regional market for Digital Elevation Model (DEM) market?
• What are the market trends and dynamics in emerging markets such as Asia Pacific, Latin America, and Middle East & Africa?
• Which are the key trends driving Digital Elevation Model (DEM) market growth?
• Who are the key competitors and what are their key strategies to enhance their market presence in the Digital Elevation Model (DEM) market worldwide?