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Urban Planning & Development Boom Boosts Digital Elevation Model Market

11-15-2017 11:27 AM CET | IT, New Media & Software

Press release from: Future Market Insights

/ PR Agency: Future Market Insights
Rapid urbanization and infrastructure development, particularly in emerging economies is anticipated to benefit the digital elevation model market. Digital elevation models allow monitoring drainage layouts and provide decision making ability in key geographic areas, ease development of other large-scale infrastructural projects such as airports, highways, and railways.

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. For e.g. – In December 2016, the Dutch government made infrastructure development a priority and thus the country is seeking accurate 3D models which should certainly encourage the adoption of digital elevation models in the nation.

Digital Elevation Models Reduce Initial Investment in Oil & Mining Industry

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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Satellites even assist mine logistical planning as these decisions can have a significant impact on mine planning and operations and thereby rehabilitation and closure. 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.

Massive Investments Needed in Telecommunication for Shift to 5G and IoT

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 (land use information in industry).

Usually, the databases of 5-10m elevation data is used in micro cell planning, while 100m grid elevation is deployed in macro cell planning. 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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Gaming and Entertainment Industry Using Digital Application Models

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.

Games with high quality graphics naturally require realistic looking maps with the maximum detail and the highest resolution to satisfy discerning gamers, especially millennials. This is only possible with the help of solutions available in the digital elevation model market. Several gaming giants such as EA Sports and others in the industry have focused their attention on war games with actual mapping data, thereby requiring digital application models.

About Us

Future Market Insights is the premier provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in London, the global financial capital, and has delivery centres in the U.S. and India.

FMI’s research and consulting services help businesses around the globe navigate the challenges in a rapidly evolving marketplace with confidence and clarity. Our customised and syndicated market research reports deliver actionable insights that drive sustainable growth. We continuously track emerging trends and events in a broad range of end industries to ensure our clients prepare for the evolving needs of their consumers.

FMI’s team of over 200 research analysts provides market intelligence at global, regional, and country level. Our analysts are committed to provide independent insights, relying on our cognitive defusion training module, which conditions them to look at data objectively and unbiasedly.

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United States
T: +1-347-918-3531
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Email:sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com

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