Future Market Insights (FMI), is substantiated by the extraordinary opportunistic potential for market growth in areas such as remote sensing and mapping applications.
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Increasing need for reconnaissance for mineral and water resources and critical planning of breakwater constructions in operational applications are creating potential growth opportunities for digital elevation model providers. The global digital elevation model market is expected to surpass the mark of US$ 1 Bn by 2019 end, further witnessing a stellar 16% CAGR through 2029.
This forecast, based on a new report released by Future Market Insights (FMI), is substantiated by the extraordinary opportunistic potential for market growth in areas such as remote sensing and mapping applications. However, complexity in storing unstructured data and cyber threats are major challenges that hamper the growth of the digital elevation model market.
Key Takeaways – Digital Elevation Model Market Study
Product Innovation to Enhance Remote Sensing Technology
Key vendors that are operating the digital elevation model platform are strategizing on innovation of products related to remote sensing technology. This would particularly enable them to achieve full global coverage and let include global 3D map services. In July 2019, NTT DATA and Remote Sensing Technology Center of Japan (RESTEC), launched AW3D full global 3D Map with 2.5-meter resolution, to provide clients with value-added information for urban planning, disaster-damage forecasting.
During the initial stage of construction and planning of a new crude pipeline in the Middle East region, digital elevation models are utilized for regional planning with high resolution data offering and detailed assessment. This process allows for reduced initial investment capital. The market scenario is thus expected to change during the next few years after the introduction of advanced and cost-effective digital elevation model and sensing solutions for the mining sector. These factors are creating potential growth opportunity for developers and providers of digital elevation model.
More Valuable Insights on Digital Elevation Model Market
This research report provides detailed analysis of the digital elevation model market and offers insights on various factors such as growing popularity of digital elevation model in various verticals. To understand and evaluate these opportunities in the digital elevation model market, the market is segmented into four major sections such as tools (software and services), application (hydrological modelling and bathymetric analysis, disaster prevention, infrastructure, agriculture, 3D visualization, mapping, gravity measurements terrain correction or reduction), industry (telecommunication, planning and construction, transportation and tourism, oil and mining, aviation, geological, weather, military and defense) and region.
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About Electronics, Semiconductor and ICT Division at Future Market Insights
Expert analysis, time-efficient research, and strategic recommendations offered by the Electronics, Semiconductors, and ICT team at Future Market Insights help clients with an objective to offer authentic insights and accurate results. With a repertoire of over 100+ reports and 1 million-plus data points, the team has been analyzing the industry lucidly in 50+ countries for over a decade. The team provides a brief analysis of key trends including competitive landscape, profit margin, and
About Technology Division at Future Market Insights
The technology team at Future Market Insights offers expert analysis, time efficient research, and strategic recommendations with an objective to provide authentic insights and accurate results to help clients worldwide. With a repertoire of over 100+ reports and 1 million+ data points, the team has been analyzing the industry lucidly in 50+ countries for over a decade. The team provides a brief analysis on key trends including competitive landscape, profit margin, and research development efforts.
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Digital Elevation Model Market Outlook by Category
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Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market.
Jul 18, 2022
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