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.
Market Overview
The research firm Contrive Datum Insights has just recently added to its database a report with the heading global Electronic Nautical Chart Market .Both primary and secondary research methodologies have been utilised in order to conduct an analysis of the worldwide Electronic Nautical Chart Market . In order to provide a comprehensive comprehension of the topic at hand, it has been summed up using appropriate and accurate market insights. According to Contrive Datum Insights, this worldwide comprehensive report is broken up into several categories in order to present the data in a way that is understandable, succinct, and presented in a professional manner. The ENC (Electronic Nautical Chart) has information about the coast, the depth of the water, beacons, and obstacles that can help with marine navigation. The electronic chart meets the S57 standard set by the International Hydrographic Organization (IHO). Electronic Chart Display and Information System (ECDIS) manufacturers use the IHO S57 standard to show navigational data on charts. Raster charts or paper charts are not nearly as good as electronic charts. Systems that use ENCs can be set up to give information about charts and approaching dangers based on where and how the ship is moving. The International Maritime Organization (IMO) has said that ENCs are the same as paper charts. Also, ships and ships with ENCs are not required by the International Maritime Organization (IMO) to carry paper charts, which are usually required by the Safety of Life at Sea (SOLAS) Convention. The contract fee for an electronic chart is based on the length of the contract, the number of units, and the type of electronic chart. Contrive Datum Insights just added the Electronic Nautical Chart to its huge database, which helps businesses plan for the future by making smart business decisions. It gives a thorough look at many business topics, such as global market trends, new technological developments, market size, market shares, and new ideas. Also, this analytical data was put together with the help of data exploration methods like primary and secondary research. A team of expert researchers also sheds light on both static and changing parts of the global market for Electronic Nautical Charts.
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Segment Analysis
It encompasses the most important key players in the world’s various regions and contains them. In this research report, several different techniques that high-level industries have utilised to achieve their goals are discussed. In order to obtain a more in-depth analysis of a number of different businesses, player profiles of the most important top players have been developed. It is beneficial to have an understanding of the worldwide competition on both the domestic and international platforms.
It provides a detailed description of the drivers and opportunities in the Electronic Nautical Chart Market , which assists current customers and potential customers in gaining a clear vision and making decisions that are most effective for them. In order to discover the desired facts regarding the target market, various types of analysis models, such as Electronic Nautical Chart Market , are utilised. In addition to this, it includes a variety of different techniques for strategic planning, which encourages the way to define and develop the framework of the various industries. Technology is getting better and will keep getting better in the future. There is no sign that it will slow down in the next 15 years, and there is also no sign that the trend toward technology applications that are more closely related will change. Even though the technological revolution is happening everywhere, it will be different for the commercial maritime, navy, and ocean space sectors. Big data analytics, advanced materials, autonomous systems, advanced manufacturing, energy management, cyber and electronic warfare, human-computer interaction, and human augmentation are all technologies that are changing the marine industry, both on their own and as a whole. By using these technologies, a navy will be better able to project military force, which depends on getting access to the full range of battle space, including cyberspace, and being able to coerce, deter, and intervene in wars to protect national interests. These technologies will also make it easier for a navy to protect a country’s people, land, and trade from terrorism, crime, piracy, state-sponsored insurgency, and illegal restrictions on freedom of navigation. When used alone or together, big data analytics, cutting-edge materials, autonomous systems, sensors, and communication, sustainable energy production, carbon capture and storage, marine biotechnology, and deep ocean mining can all change the ocean space sector. These technologies will give us a deep understanding of the ocean environment, which could be used to solve problems like climate change, the depletion of land-based resources, and population growth. With these technologies, it can be easy to protect people living near the coast from powerful natural forces like storms and tsunamis.
Based on types, the Electronic Nautical Chart Market is segmented into:
- 2D Nautical Chart
- 3D Nautical Chart
Based on application, the Electronic Nautical Chart Market is segmented into:
- Fishing Boats
- Yacht, Other
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Recent Development
Updated RDG route classifications were also released by the Indian ministry in June 2016, and they went into effect at the end of 2017.
In December 2019, Boeing opened its first 737 assembly plant in China. This ended the trade dispute between the U.S. and China and opened up new markets.
Regional Analysis
North America and Europe are expected to lead the market for Electronic Nautical Charts because their maritime industries are growing, their navigation systems are getting safer, and there are already a lot of companies there that make Electronic Nautical Charts. Also, the Electronic Nautical Chart market in the Asia-Pacific region is expected to grow between 2022 and 2029. This is because more ships and planes are using Electronic Nautical Charts. The market is growing because of a number of things, such as more money in people’s pockets, more air travel, a growing tourism industry, and more global trade. Players in the aerospace and avionics industry have another reason to grow their avionics lines: more planes are being made to handle the growing number of air passengers. Implementing new technologies like the Internet of Things (IoT) and connected cabin technology will help the industry grow. These technologies will give customers a more personalized travel experience. In 2018, 19% of the market for aerospace avionics was made up of flight management systems. By the end of 2025, the commercial aircraft segment is expected to make up a large part of the aerospace avionics market, making up more than 55% of the market’s total revenue. This is because the demand for commercial aircraft serving the region is growing. Business travel and international tourism are both on the rise. Government agencies in the region are working to help the commercial aviation market by building infrastructure, starting useful programs, and working with private airlines to connect their customers to the air in a sustainable and affordable way. For example, the Civil Aviation Department of the Government of India released the National Civil Aviation Policy (NCAP) in June 2016 to make flying easier for its citizens.
Regional Electronic Nautical Chart Market coverage (Regional Status, Demand Forecast, Country Trends, etc.):
- North America, Europe, China, Japan, Southeast Asia, India.
- North America (USA, Canada, and Mexico).
- Europe (Germany, France, UK, Russia and, Italy).
- Asia-Pacific (China, Japan, Korea, India and, Southeast Asia).
Key segments covered in the Electronic Nautical Chart Market include:
- Electronic Nautical Chart Market Growth Drivers and Barriers.
- Market Trends, Market Opportunities, Porter’s Five Forces Analysis.
- Market Overview, Industry Development, Market Maturity, Value Chain Analysis.
- Regional and Country Level Analysis.
- Trends and Forecasts for Market Segments.
- Market Analysis and Various Recommendations.
- Key market forces.
Report Customization:
This report will be customized to your needs for additional data up to 5 companies or 5 countries or nearly 40 analyst hours.
https://www.contrivedatuminsights.com/product-report/electronic-nautical-chart-market-46390Key Market Participants 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., and others.
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