Digital Elevation Model Market Poised to Register 14.4% CAGR through 2027


Posted March 25, 2019 by vijay_6699

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

 
In a new report titled ‘Digital Elevation Model Market: Global Industry Analysis (2012 - 2016) and Opportunity Assessment (2017 - 2027)’, Future Market Insights has taken an in-depth look at the digital elevation model market. The digital elevation model market could potentially record an exponential CAGR of 14.4% from 2017 to 2027, making it a truly lucrative prospective for both incumbents as well as new entrants in the digital elevation model market.Application – Industrial Segment Holds Promise in Digital Elevation Model MarketThe industrial segment is anticipated to grow with the highest CAGR and is projected to have a value of just under US$ 760 million by end 2027. Along with the industrial segment, companies would do well to focus on the commercial segment in the digital elevation model market.Request to Sample of Report @  https://www.futuremarketinsights.com/reports/sample/rep-gb-2774Industry – Mobile First World Ensures the Importance of Telecommunication IndustryThe telecommunication industry is predicted to be extremely attractive in the medium term on account of an extremely high CAGR of 16.4% for the decade analysed. Topographic data is vital for macro cell planning, micro cell planning, and clutter data in telecommunications. Usually, a database of 100m grid elevation data is deployed for macro cell planning while 5-10m elevation is used in micro cell planning.Region – North America and APEJ Key in Digital Elevation Model MarketThe North America digital elevation model market is poised to increase 3X for the period 2017 to 2027 while APEJ is on track to grow 4.3X during the same timeframe. Incremental dollar opportunity of almost US$ 440 million is waiting to be tapped in the North America digital elevation model market. The US dominates North America and it wouldn’t be surprising if companies decided to overlook Canada entirely in favour of its southern neighbour.Key InsightsNorth America and APEJ are poised to lead the revenue generation in the digital elevation model market for the foreseeable future. Companies are likely to focus on M&A and aggressive product launches to sustain their competitive position in the digital elevation model market. Along with this, companies are advised to enter into strategic alliances with governmental organizations to form standard solutions for improving efficiency and reducing costs as there is no such standard present across the globe today. An appropriate method and plan should be set up with governments to effectively deploy digital elevation models. With standardization in place, digital elevation models would assist in the analysis of fixed quantities and strengthen disaster management and environmental change detection.Need more information about Report Methodology @  https://www.futuremarketinsights.com/askus/rep-gb-2774Competition Dashboard in Digital Elevation Model MarketFuture 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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Last Updated March 25, 2019