Height has risen over time, although the rise is far more pronounced for women than for men.
Perhaps most interesting though is the apparent decrease in height variance from the 1990s onwards. Before that, you had a mix of relatively tall and relatively short champions. But from 1990 onwards, which would seem to coincide with the decline of wooden rackets and the rise of the modern power game, you stopped seeing any champions below 180cm.
It's also worth considering that, even if height confers a significant advantage, its impact is limited by the normal distribution of height in the overall population. Assuming that A) you still need to have exceptional tennis playing ability to become a champion and B) exceptional tennis playing ability is very rare and not correlated with height, then you would expect rather more exceptional players of average height than exceptional players of significantly above average height.
So even if height provided an advantage with no meaningful upper limit, you still might not expect champions of 7'0" because there are just no players with such an unlikely combination of extreme height and extreme ability. You might instead expect a statistical sweet spot where the populations of players with both attributes is large enough that the overlap is where most champions sit.
Before I get too deep - I don't follow tennis. I'm just a sport nerd. I went and grabbed the 2007 and 2023 ATP men's ranking (cause that's whats on ESPN.com) and grabbed the heights of the top 10. Average height in 2007 was 71.8 inches (1.82m) and average height in 2023 was 74.5 inches (1.89m).
Djokovic (who is in top 3 in both lists... absolutely amazing) went from being tied for tallest in the top 10, to being tied for 4th tallest.