The Electronic Nautical Chart Market was valued at US$ 1.02 Bn. in 2022. The Global Electronic Nautical Chart Market size is estimated to grow at a CAGR of 5.35 % over the forecast period.
Electronic Nautical Chart Market Overview
ENC (Electronic Nautical Chart) contains information about functions useful for marine navigation such as coastline, bathymetry, beacons, and obstacles. The electronic chart complies with the International Hydrographic Organization (IHO) S57 specification. The IHO S57 standard is used by ECDIS (Electronic Chart Display and Information System) manufacturers to display navigational data on charts. Electronic charts are far superior to raster or paper charts. Systems using ENCs can be programmed to provide chart information and information about approaching threats in relation to the vessel's movement and position. ENCs have been approved by the International Maritime Organization (IMO) as equivalent to paper charts. Also, ships and ENC-equipped ships under IMO are not required to carry paper charts, which are generally required under the Safety of Life at Sea (SOLAS) Convention. Electronic chart contract fee is determined according to the contract period, number of units, and type of electronic chart.
The Electronic Nautical Chart has recently published by Contrive Datum Insights to its huge database which helps to shape the future of the businesses by making well-informed business decisions. It offers a comprehensive analysis of various business aspects such as global market trends, recent technological advancements, market size, shares, and new innovations. Furthermore, this analytical data has been compiled through data exploratory techniques such as primary and secondary research. Moreover, an expert team of researchers throws light on various static as well as dynamic aspects of the global Electronic Nautical Chart market.
Some Of the key players study are the
Different leading key players have been profiled to get better insights into the businesses. It offers detailed elaboration on different top-level industries which are functioning in global regions. It includes informative data such as company overview, contact information, and some significant strategies followed by key players: C-MAP, C.N.S. Systems AB vertreten durch ELNA, Humminbird, Maptech, MaxSea International, Nobeltec, PC Maritime, SEAiq, Transas Marine International., and others.
- In June 2016, The Indian ministry also released updated RDG route categorization, which went into effect at the end of 2017.
- In December 2019, Boeing established its first 737 assembly factory in China, putting an end to the trade spat between the two countries and creating new market opportunities.
What are the major Applications, Types, and Regions for the Electronic Nautical Chart Market?
- 2D Nautical Chart
- 3D Nautical Chart
- Fishing Boats
- Yacht, Other
Electronic Nautical Chart Market Regional Insights:
North America and Europe are expected to dominate the Electronic Nautical Chart market due to the growth of the maritime industry, improved safety of navigation systems and the presence of established companies providing Electronic Nautical Chart. Additionally, the Electronic Nautical Chart market in the Asia Pacific region is expected to grow over the forecast period 2022-2029 owing to the growing demand for Electronic Nautical Chart for ships and aircraft.
The growth of the market is attributed to several factors including increasing disposable income, increasing air travel, growing tourism sector, and increasing global trade. Players in the aerospace avionics industry are further incentivized to expand their avionics portfolios with increasing aircraft transportation to handle the accelerating air passenger traffic. The industry share will be supported by the implementation of advanced technologies such as the Internet of Things (IoT) and connected cabin technology to provide customers with a personalized travel experience. In 2018, flight management systems accounted for 19% of the aerospace avionics market.
By the end of 2025, the commercial aircraft segment is projected to hold a significant portion of the aerospace avionics market, accounting for more than 55% of the total market revenue, as a result of increasing demand for commercial aircraft serving the region. A growing business travel and international tourism sector. Government agencies in the region are working to help the commercial aviation market by building infrastructure, launching useful initiatives, and partnering with private airlines to provide sustainable and affordable air connectivity to their customers. For instance, to make flying easier for its citizens, the Civil Aviation Department of the Government of India issued the National Civil Aviation Policy (NCAP) in June 2016. end of 2017.
In 2020, China accounted for more than 30% market share. The region's fastest-growing economy is responsible for the country's growing industries. To meet the growing demand for avionics, aircraft operators in the region are demanding improved avionics and communications systems. For example, in December 2019, Boeing opened its first 737 assembly plant in China, ending trade disputes between the two countries and creating new market opportunities.
Geographically, the global Electronic Nautical Chart market has been analyzed in various regions such as North America, Europe, Asia-Pacific, Latin America, Middle East, and India. The global region is dominating this market in the upcoming future.
- North America
- Rest of North America
- Nordic Countries
- Benelux Union
- The Netherlands
- Rest of Europe
- South Korea
- Southeast Asia
- Rest of Southeast Asia
- Rest of Asia-Pacific
- The Middle East & Africa
- Saudi Arabia
- South Africa
- Rest of the Middle East & Africa
- Latin America
- Rest of Latin America
Electronic Nautical Chart Market report scope:
Frequently Asked Questions (FAQ) about the Electronic Nautical Chart market:
What is the CAGR of the global Electronic Nautical Chart market?
The Electronic Nautical Chart Market is growing at a CAGR of 5.35% During Forecast Period.
Which region would offer high growth for vendors in the Electronic Nautical Chart market?
North America and Europe are expected to dominate the Electronic Nautical Chart market.
Which Is the Most potential market segment?
By Types- 2D Nautical Chart, 3D Nautical Chart
By Applications - Fishing Boats, Yacht, Other
Which are the top industry players in the Electronic Nautical Chart market?
C-MAP, C.N.S. Systems AB vertreten durch ELNA, Humminbird, Maptech, MaxSea International, Nobeltec, PC Maritime, SEAiq, Transas Marine International.
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