What is Marine Electronic Cartography?
Marine Electronic Cartography is basically designing, compiling, updating, and disseminating nautical charts in an electronic format which can be integrated with modern marine computers and satellite systems as well as other navigation systems. They provide greater visibility, accuracy and far more features than traditional marine cartography charts. They can be displayed three ways—on a chart-plotter, smartphone or computer. Although one major concern with marine electronic cartography is the failure of the electronic systems. Major systems under marine electronic cartography include ECS, RCDS and ECDIS, with ECDIS rising in popularity. WECDIS or ECDIS-N are military versions of ECDIS. Asia Pacific region accounts for largest market and is expected to present more opportunities with rapid urbanisation of the region and the increase in the marine trade activity.
The market study is broken down and major geographies with country level break-up.
Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Honeywell International Inc. (United States), Thales Group (France), Northrop Grumman Corporation (United States), Jeppesen (United States), Transas (Russia), Furuno Electric Co., Ltd. (Japan), Raytheon Anschutz (Germany), Rockwell Collins (United States), Navionics (Italy) and Garmin Ltd. (United States) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research coverage are IIC Technologies Ltd. (India), Lowrance Electronics (United States) and Jason Electronics Pte Ltd (Singapore).
AdvanceMarketAnalytics has segmented the market of Global Marine Electronic Cartography market by Type, Application and Region.
On the basis of geography, the market of Marine Electronic Cartography has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Electronics Charts , the sub-segment i.e. PAYS will boost the Marine Electronic Cartography market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by End Use, the sub-segment i.e. Military will boost the Marine Electronic Cartography market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by System Type, the sub-segment i.e. ECDIS will boost the Marine Electronic Cartography market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Platform , the sub-segment i.e. Computer will boost the Marine Electronic Cartography market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Leaders and their expansionary development strategies
In 2021, Brunswick Corporation, a United States manufacturer specialised in the marine industry has announced signing of a definitive agreement to acquire Navico, a global leader in marine electronics and sensors. The acquisition is valued at USD 1.05 billion. The completion of the acquisition will lead to leading brands of Navico such as Lowrance, Simrad, B&G, and C-MAP being transferred under Navico’s control. The acquisition is in line with Brunswick Corporation’s Autonomy, Connectivity, Electrification and Shared-Access strategy.
In 2021, C-MAP, a global leader in the digital marine cartography and cloud-based mapping has announced launch of new high-detail C-MAP Discover and C-MAP Reveal charts for Lowrance, Simrad and B&G chartplotters. This newly launched charts have customer depth shading, subscription free easy routing and much more. This cards are designed keeping in the needs of all vessels from cruise ships to fishing or sailing boats.
- ECDIS is rising in Popularity
- Growing Focus on Improving the Visibility and Safety of the Marine Transportation
- Increasing Need for Advanced Monitoring Mechanism for Fleet Management, and Logistics Management
- Asia Pacific Region is a Rising Market thus Presents Huge Opportunity
- High Cost of Deploying Marine Electronic Cartography for Small Vessels
- Failure in Electronic Systems during Natural Calamity
- Emergence of New Satellite Based Navigation
Key Target AudienceMarine Electronic Cartography Manufacturers, Suppliers and Distributors, New Entrants/Investors, Venture Capitalists and Private Equity Firms and End-Use Industries
About ApproachTo evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have the better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with purpose to understand companys positioning regarding market value, volume and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders etc. and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, analyst team keeps preparing set of questionnaires and after getting appointee list; the target audience are then tapped and segregated with various mediums and channels that are feasible for making connection that includes email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey etc.
Frequently Asked Questions (FAQ):
1. What all players are profiled in the study?
The standard version of the report profiles players such as Honeywell International Inc. (United States), Thales Group (France), Northrop Grumman Corporation (United States), Jeppesen (United States), Transas (Russia), Furuno Electric Co., Ltd. (Japan), Raytheon Anschutz (Germany), Rockwell Collins (United States), Navionics (Italy) and Garmin Ltd. (United States) etc.
2. Can we have customized study for Marine Electronic Cartography Market?
The Study can be customized subject to feasibility and data availability. Please connect with our sales representative for further information.
3. What would be the Market Size of Marine Electronic Cartography Market by 2026?
Analysts at AMA estimates Marine Electronic Cartography Market to reach USD Million by 2026.