From 2022 to 2032, the size of the electronic cartography market is projected to grow at a CAGR of 10%, from US$ 24237.51 million in 2022 to US$ 36616.39 million in 2032. An electronic map that is built on a variety of graphic elements that are assigned to it in the form of electronic information is known as electronic cartography, also known as digital mapping.
The electronic cartography market refers to the industry that produces and sells technology solutions designed to create and display digital maps for navigation and other applications. Electronic cartography solutions use advanced software and hardware technologies to capture, process, and display geographic data, enabling users to navigate and explore the world in a more efficient and effective manner.
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The market for electronic cartography is driven by the increasing demand for location-based services and applications, as well as the need for accurate and up-to-date mapping data for a wide range of industries, including transportation, logistics, and natural resource management.
Electronic Cartography Market: Competition Landscape
The key vendors in the Electronic Cartography Market include
- Honeywell International, Inc.,
- Rockwell Collins, Inc.,
- Furuno,
- Jeppesen (C-MAP),
- Raytheon Anschutz,
- Thales Group,
- Northrop Grumman (Sperry Marine),
- Navionics,
- Transas,
- IIC Technologies,
- Garmin Ltd.
The electronic cartography market is expected to continue growing in the coming years, driven by the increasing adoption of digital technologies and the growing demand for accurate and up-to-date mapping data. The market is also likely to benefit from the growing use of artificial intelligence and machine learning technologies in electronic cartography solutions, which can help improve the accuracy and efficiency of data analysis and processing.
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Electronic Cartography Market in Marine industry: Drivers
Increasing global connectivity through satellite communications and growing need for optimization of marine transportation in terms safety, efficiency and transparency in operation is accelerating the growth of electronic cartography market.
Rising awareness regarding potential benefits of electronic navigation systems such as fleet management, cargo monitoring and optimized logistics operations to enhance harbor efficiency are some of the growth factor anticipated to boost the growth of electronic cartography in marine industry.
Electronic Cartography Market: Regional Outlook
The worldwide Electronic Cartography Market expected to witness significant growth in all major regions including North America, Latin America, Western Europe, Eastern Europe, Middle East, Africa and Asia Pacific.
Countries in Asia Pacific such as China and India forecast to dominate the electronic cartography market during the forecast period, as increasing investment for marine infrastructure & vessel safety, industrialization, economic expansion and increasing ocean trade activity.
Electronic Cartography Market: Segmentation
Electronic Cartography Market is segmented on the basis of End User, Components, and region. On the basis of end user electronic cartography market is segmented into commercial and defense market. On the basis of components the electronic cartography market is segmented into navigation charts and navigation system.
The navigation charts can be sub-segmented into Direct and Pay as You Sail (PAYS) licensing. By navigation system the electronic cartography market can be sub-segmented into Electronic Chart Systems (ECS), Raster Chart Display Systems (RCDS) and Electronic Chart Display and Information Systems (ECDIS).
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