Acknowledging the kind of traction gained by this market, recently published a study report asserts the global Electronic Nautical Chart Market size is projected to accrue voluminously by 2027 registering a phenomenal CAGR of 2.3% during the review period (2022 to 2027).
Electronic Nautical Chart Market Overview:
An electronic navigational chart (ENC) contains data on elements such as coastlines, bathymetry, beacons, and impediments that are useful for marine navigation. The International Hydrographic Organization (IHO) S57 specifications are followed for creating electronic nautical charts. ECDIS (Electronic Chart Display and Information System) manufacturers employ the IHO S57 standard to display navigational data on charts.
Compared to raster or paper charts, electronic navigational charts are far superior. ENC-based systems can be programmed to deliver information about an incoming threat based on charted data and the movement and position of a ship. The International Maritime Organization (IMO) has authorized ENCs as a paper chart substitute. Furthermore, according to the International Maritime Organization (IMO), vessels and ships equipped with ENCs are not required to carry paper charts, as is the case under the Safety of Life at Sea (SOLAS) Convention. The contract charge for electronic nautical charts is calculated based on the length of the contract, the number of units ordered, and the categories of ENCs ordered.
Who are the Major Players in Electronic Nautical Chart Market?
The Electronic Nautical Chart Market is growing at a very fast pace and has seen the focus of many local and regional vendors offering precise application products for multiple end users. The three dependencies for the status of major companies in the market are: company profile, profitable gross margin, the prices they charge. These are the main players in this market includes: C-MAP, C.N.S. Systems AB vertreten durch ELNA, Maptech, MaxSea International, Humminbird, SEAiq, Nobeltec, Transas Marine International, PC Maritime and Others.
Industry News:
23 February 2022: UKHO announces UK-first S-102 Bathymetric Surface data set sea trial project in collaboration with Port of London Authority and SEA Pilot
The UK Hydrographic Office (UKHO) has announced it is kickstarting an S-102 Bathymetric Surface sea trial project in collaboration with the Port of London Authority (PLA) and multi-platform piloting solution SEAiq Pilot.The S-102 Bathymetric Surface data set is created using the International Hydrographic Office’s (IHO) new S-100 data standard.
08-Mar-2021: C-MAP launchs the new map range Discover & Reveal
C-MAP, specialised in digital marine cartography and cloud-based mapping, launched a simplified and redesigned chart portfolio for Lowrance, Simrad and B&G chartplotters, with the introduction of C-MAP DISCOVER & REVEAL.
What are the major Applications, Types and Regions for Electronic Nautical Chart Market?
By Type, it is segmented into
- 2D Nautical Chart
- 3D Nautical Chart
By Applications it is segmented into
- Fishing Boats
- Yacht
- Others
Electronic Nautical Chart Market Regional Analysis
Due to an expansion in the marine sector, an improvement in navigational system safety, and the existence of established companies supplying Electronic Nautical Chart, North America and Europe are likely to lead the Electronic Nautical Chart market. Furthermore, throughout the forecast period of 2018 to 2027, an increase in the usage of electronic navigational charts for ships and aircraft is predicted to boost the electronic navigational charts market in Asia Pacific.
- North America
- Europe
- Germany
- France
- UK
- Italy
- Spain
- Rest of Europe
- Asia-Pacific
- China
- Japan
- India
- Australia
- South Korea
- Rest of Asia-Pacific
- Rest of the World
- Middle East & Africa
- Latin America
The Electronic Nautical Chart Market describes the factors driving the global growth opportunities in upcoming years and highlights market channels. In addition, the report analyzes market size and share, trends, by geographic region, end-use type and segment. It focuses extensively on revealing a detailed regional analysis. The Global Electronic Nautical Chart Market report also conducted a PESTEL analysis of the industry to study the main influencing factors and entry barriers of the industry.
What is our Electronic Nautical Chart Market Report Scope?
Report Attributes
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Report Details
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Forecast Period 2022 to 2028 CAGR
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CAGR of 2.3% during the review period (2022 to 2027).
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By Type
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- 2D Nautical Chart
- 3D Nautical Chart
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By Application
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- Fishing Boats
- Yacht
- Others
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By Companies
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C-MAP, C.N.S. Systems AB vertreten durch ELNA, Maptech, MaxSea International, Humminbird, SEAiq, Nobeltec
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Regions Covered
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- North America
- Europe
- Asia-Pacific
- Rest of the World
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Countries Covered
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- US
- Canada
- Germany
- France
- UK
- Italy
- Spain
- Rest of Europe
- China
- Japan
- India
- Australia
- South Korea
- Rest of Asia-Pacific
- Middle East & Africa
- Latin America
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Base Year
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2022
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Historical Year
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2017 to 2021
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Forecast Year
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2022 to 2027
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Number of Pages
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184
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Customization Available
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Yes, the report can be customized as per your needs
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Key Takeaways from this Electronic Nautical Chart Report
- Evaluate Electronic Nautical Chart market potential through analyzing growth rates (CAGR %), Volume (Units) and Value ($M) data given at country level - for product types, end use applications and by different industry verticals.
- Understand the different dynamics influencing the market - growth driving factors, specific challenges and hidden opportunities.
- Get in-depth insights on your competitor performance – revenue, shares, business strategies, financial benchmarking, product benchmarking, SWOT analysis and more.
- Analyze the sales and distribution channels across geographies to enhance top-line revenues.
- Understand the demanding supply chain with a deep dive on the value augmentation at each, in order to optimize value and bring efficiencies in your processes.
- Get a quick outlook on the Electronic Nautical Chart market entropy - M&A's, deals, partnerships, product launches of all key players for the past 4 years.
- Evaluate the import-export statistics, supply-demand and competitive landscape for more than top 20 countries globally for the market.
All our reports are custom made to your company needs to a certain extent, we do provide 5 free consulting hours along with purchase of each report, and this will allow you to request any additional data to customize the report as your needs.
Frequently Asked Question -
What is the study period of this market?
The Electronic Nautical Chart Market is studied from 2022-2027.
Who are the Prime players in the Electronic Nautical Chart Market?
C-MAP, C.N.S. Systems AB vertreten durch ELNA, Maptech, MaxSea International, Humminbird
Which region held the largest share in the Electronic Nautical Chart Market?
United States, Europe, China, Japan, Southeast Asia, India and Rest of World
What are the significant types of Electronic Nautical Chart Market?
2D Nautical Chart, 3D Nautical Chart
What are the major applications of Electronic Nautical Chart Market?
Fishing Boats, Yacht, Others
SECONDARY RESEARCH
Secondary Research Information is collected from a number of publicly available as well as paid databases. Public sources involve publications by different associations and governments, annual reports and statements of companies, white papers and research publications by recognized industry experts and renowned academia etc. Paid data sources include third party authentic industry databases.
PRIMARY RESEARCH
Once data collection is done through secondary research, primary interviews are conducted with different stakeholders across the value chain like manufacturers, distributors, ingredient/input suppliers, end customers and other key opinion leaders of the industry. Primary research is used both to validate the data points obtained from secondary research and to fill in the data gaps after secondary research.
MARKET ENGINEERING
The market engineering phase involves analyzing the data collected, market breakdown and forecasting. Macroeconomic indicators and bottom-up and top-down approaches are used to arrive at a complete set of data points that give way to valuable qualitative and quantitative insights. Each data point is verified by the process of data triangulation to validate the numbers and arrive at close estimates.
EXPERT VALIDATION
The market engineered data is verified and validated by a number of experts, both in-house and external.
REPORT WRITING/ PRESENTATION
After the data is curated by the mentioned highly sophisticated process, the analysts begin to write the report. Garnering insights from data and forecasts, insights are drawn to visualize the entire ecosystem in a single report.
