According to Stratistics MRC, the Global Electronic Cartography Market is accounted for $20,953.30 million in 2019 and is expected to reach $27,591.50 million by 2027 growing at a CAGR of 3.5% during the forecast period. Some of the key factors propelling the growth of the market are increasing global connectivity, growing awareness of continuous correction and updating of the navigational chart, and official requirements set by the International Maritime Organisation. However, lack of expertise is the restraining factor for the growth of the market.
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By component, the navigation charts segment is expected to grow at a significant market share during the forecast period as it provides the geography of a particular water area, the depth of the water in that area, the route navigating information. Based on geography, Asia Pacific is anticipated to hold considerable market share during the forecast period which is attributed to the growing investment for marine infrastructure & vessel safety, economic developments and rising ocean trade activity.
Some of the key players in Electronic Cartography Market include Honeywell International Inc, Rockwell Collins Inc, Thales Group, Northrop Grumman Corporation, Jeppesen Sanderson Inc, Universal Avionics System Corporation, Garmin Ltd, Navionics SRL, IIC Technologies Ltd, and Transas Marine.
Components Covered:
• Navigation System
• Navigation Charts
Aircraft Types Covered:
• Narrow Body Aircrafts
• Wide Body Aircrafts
• Very Large Aircrafts
Types Covered:
• Marine Electronic Navigation System
• Aviation Electronic Navigation System
End Users Covered:
• Aerospace & Defense
• Commercial
• Navigation
Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o France
o Italy
o UK
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa
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