Electronic navigational charts market was valued US$ xx BN in 2019 and the total revenue is expected to grow at CAGR of xx% from 2019 to 2027, reaching US$ xx Bn.

Electronic navigational charts market

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This is a comprehensive international report targeted to present and future prospects of the Electronic navigational charts market. This report presents a consolidation of primary and secondary analysis that provides market, share, dynamics and forecast for numerous segments and sub-segments considering the macro and small environment factors. The report also covers an in-depth analysis of COVID 19 pandemic impact on the sales revenue of Electronic navigational charts market by year-wise and region and on the key players revenue affected and expected short term and long-term impact on the market.
Electronic navigational charts market Overview:

Electronic navigational chart (ENC) caries information on features useful for maritime navigation including coastlines, bathymetry, beacons, and obstructions. Electronic navigational maps are compliant with International Hydrographic Organization (IHO) S57 standards. ECDIS (Electronic Map Display and Information System) manufacturers use the IHO S57 standard to display navigational data on maps. Raster or paper maps are far preferable to computer navigational charts. Systems that use ENCs can be designed to provide information about an approaching danger in relation to mapped information and the movement and position of a ship.
Electronic navigational charts market – Dynamics

The International Maritime Organization’s (IMO) safety criteria, the growth in the movement towards safe navigation systems and the expansion of the maritime and aircraft industries worldwide are expected to fuel the global demand for electronic navigation charts in forecast period. The paper catalogue is replaced by a digital catalogue (many of which are available), the order is sent by e-mail, and a license for the ENCs is sent by e-mail to the map distributor.

The bonus of ENCs is that they are usually already on board the CDs that contain the ENCs. When the license is released, the ship will then load the charts from the CDs onto the ECDIS, removing the need to send physically any merchandise. Via M&A operations, several businesses are attempting to enter the domain of electronic navigational maps.

In 2017, for example, Garmin Ltd. purchased Navionics S.P.A., the Italian electronic navigation charts firm. In addition, the demand for instruction in electronic navigational charts is likely to impede the development of the market for electronic navigational charts. Shipping businesses face difficulties in the use of ECDIS when teaching crew. There are choices for pursuing a general or type-specific ECDIS training plan.

In purchasing and licensing practices, though the crew still needs to be qualified. The management of a digital catalogue, the preparation of a trip, the assessment of license conditions and the loading of ECDIS licenses require training in their own right. Owing to the numerous distinct forms of catalogue applications in operation, all with their own user interface and peculiarities, this is particularly true.

The IMO approves ENCs as a paper-chart counterpart. Furthermore, according to the IMO, as is usually necessary under the Protection of Life at Sea (SOLAS) Convention, warships and ships fitted with ENCs do not need to hold paper maps. The contract fee is calculated on the basis of the contract duration, the number of units and the forms of ENCs for electronic navigational charts.

The objective of the report is to present a comprehensive analysis of the Electronic navigational charts market including all the stakeholders of the industry. The past and current status of the industry with forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that includes market leaders, followers and new entrants. PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers.

The report also helps in understanding Electronic navigational charts market dynamics, structure by analyzing the market segments and project of the Electronic navigational charts market size. Clear representation of competitive analysis of key players By Component, Price, Financial position, Product portfolio, Growth strategies, and Regional Presence in the Electronic navigational charts market make the report investor’s guide.

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Electronic navigational charts market, By Component

• Hardware
• Software
• Services
Electronic navigational charts market, By Application

• Aviation
• Marine
• Others
Electronic navigational charts market, By Region

• North America
• Europe
• Asia-Pacific
• MEA & Africa
• Latin America
Electronic navigational charts market Key Players

• Electronic Charts Company, Inc.
• ChartCo Limited
• Japan Hydrographic Charts & Publications Co., Ltd.
• OceanWise
• Poseidon Navigation Services Ltd
• Maritime Services Ltd.
• Sirm SPA
• Jeppesen
• SRH Marine Electronics S.A.
• Maryland Nautical
• American Nautical Services, Inc.
• Fontanski Marine Supply
• Nautisk Forlag AS.




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