Digital Elevation Model (DEM) Market By Type (Triangular Irregular Network (TIN) DEM, Raster DEM), By End-Use Application (Geological Exploration & Surveys, Aerospace, Planning & Construction, Telecommunication, Mining, Metrology, Military & Defense, Others) - Growth, Share, Opportunities & Competitive Analysis, 2018 – 2026

Industry Outlook

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

Raster DEM is 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 shortfalls are compensated by 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, where cost is more of a priority than accuracy. However, applications such as aerospace, military & defense, and planning & construction prefer the triangular irregular network (TIN) DEM for its great graphic representation and precision to a 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 is expected to come down, making the segment dominant in the coming years.

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

Every country across the globe is mapping its territories and understanding its topology in order to carry out geological exploration and surveys. These explorations and surveys help nations identify and define their boundaries and utilize their natural resources to the optimum level. Planning and construction of trail geological exploration and surveys in terms of market value. Rapid urbanization and the expansion of human habitat forced authorities to use DEM for planning and construction in order to ensure the safe and economical construction of infrastructure. In addition to the aforementioned end-use applications, telecommunications is one of the fastest-growing sectors in the overall digital elevation model market. The introduction of the 5G module encouraged telecommunication companies to incorporate a digital elevation model into their macro- and micro-analysis of the 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, the gaming and transportation industries are exploring the uses of DEM, thus encouraging the growth of the DEM market in the 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., held the top position in the overall digital elevation model (DEM) market in 2017. Various end-use sectors often study their digital elevation model of the desired location before initiating any major planning or construction. The U.S. DEM is available free of charge on government portals for the general public. These models are updated periodically. Europe is the second-most dominant region in the DEM market after North America. However, developing countries such as China, India, and South Korea, among others, will be the most lucrative market for DEM developers in the coming years. Significant activities in the planning and construction sectors and rising expenditure for military and defense applications are the major factors supporting the growth of the DEM market in Asia Pacific. The region will be the fastest-growing region in the overall digital elevation model (DEM) market in the coming years.

Market Segmentation

"Consistent Upgrading 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 the majority of the market share. 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 forming strategic partnerships with aerospace, military, and defense organizations to provide the latest DEM mapping is another vital growth strategy observed by the DEM developers. Some of the most prominent and notable players in the digital elevation (DEM) market profiled in this research study include 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 questions are answered in this report.

  • What are the latest upgrades and refinements in the digital elevation model (DEM) market, and what are the potential opportunities for the players?
  • How will growing demand from governments worldwide affect the global as well as regional digital elevation model (DEM) market?
  • Which is the largest and fastest-growing segment in terms of type and end-use application?
  • Which is the most attractive geographical region or country for the overall digital elevation model (DEM) market?
  • How will the growing importance of geological exploration and surveys play a vital role in the overall digital elevation model (DEM) market in the coming years?
  • What are the market sizes and trends in developing regions such as Asia Pacific and Latin America?

Frequently Asked Questions:

The market for Digital Elevation Model (DEM) Market is expected to reach US$ 2,106.7 million in 2026.

The Digital Elevation Model (DEM) Market is expected to see significant CAGR growth over the coming years,at 12.2%.

The report is forecasted from 2018 – 2026.

The base year of this report is 2017.

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 are some of the major players in the global market.

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Published Date:  Aug 2018
Category:  Technology & Media
Report ID:   59252
Report Format:   PDF
Pages:   120
Rating:    4.3 (40)
Delivery Time: 24 Hours to 48 Hours   
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