Urban Planning & Development Boom Boosts Digital Elevation Model Market
Different factors such as pipeline, high-power voltage line, and waterway maintenance are poised to increase the traction of digital elevation models and the planning & construction industry is on track to push past US$ 105 million in 2018.
During the initial phase of constructing and planning petroleum pipelines, digital elevation models are critical for long-term planning as they deliver high resolution data with an in-depth assessment, thereby minimizing costly initial investment in terms of both time and money. Satellite images are digitally processed to pinpoint the location and maximize the information that can be extracted from it.
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Key stakeholders in the oil & mining industry are planning to apply digital elevation models in vegetation and forestation. The oil & mining industry is anticipated to be worth just over US$ 155 million by 2027.
The telecommunication industry is predicted to be the most attractive in the digital elevation model market in the forecast period. Topographic data is essential for macro cell planning (3-5 kilometre area grid cells with elevated base transceiver stations), micro cell planning (primarily in central areas of large cities), and clutter data
The telecommunications industry is expected to record an exponential CAGR of 16.4% for the decadal forecast period, making it extremely lucrative opportunity for all stakeholders in the digital elevation model market.
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The gaming industry has always captured the attention of customers in developed economies but has now had an impact in emerging economies as well. A map is imperative in role-playing or strategy based games that are popular across demographics. The proliferation of smartphones is largely responsible for this and modern-day games consist of different 2D and 3D terrain models comprising cartographic methodology, spatial datasets, and various GIS technologies.
Future Market Insights has studied a few of the companies in the digital elevation model market. Some of these are TomTom International B.V., CATUAV, Harris MapMart, LAND INFO Worldwide Mapping, DHI GRAS A/S, CompassData, Telespazio Spa, Apollo Mapping, VRICON, PASCO Corporation, and NIRAS A/S.
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