Global Electronic Cartography Market Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast to 2027

MarketResearch.biz delivers in-depth insights on the global electronic cartography market in its upcoming report titled, “Global Electronic Cartography Market Trends, Applications, Analysis, Growth, and Forecast: 2017 to 2027”. The global electronic cartography market is estimated to register a CAGR of X.X% in terms of value during forecast period 2017–2027. The report offers in-depth insights, revenue details, and other vital information regarding the target market, and the various trends, drivers, restraints, opportunities, and threats till 2027. The report offers insightful and detailed information regarding the various key players operating in the market, their financials, supply chain trends, technological innovations, key developments, apart from future strategies, acquisitions & mergers, and market footprint. The global electronic cartography market report has been segmented on the basis of components, application, and region.

This report is based on synthesis, analysis, and interpretation of information gathered regarding the target market from various sources. Our analysts have analyzed the information and data and gained insights using a mix of primary and secondary research efforts with the primary objective to provide a holistic view of the market. In addition, an in-house study has been made of the global economic conditions and other economic indicators and factors to assess their respective impact on the market historically, as well as the current impact in order to make informed forecasts about the scenarios in future.

Electronic cartography is a technology that is used to create a virtual image on the basis of collecting data of particular geographical location. Electronic cartography is also known as digital mapping. This system calculates the distance of certain location from other known points and points of intersections. Electronic cartography provides a virtual view of certain terrain with live updates of traffic, and service locations, etc. Electronic cartography technology uses global positioning systems (GPS), virtual maps, satellites, and a combination of virtual and aerial view for mapping.

Rising demand for more advanced electronic navigation system in defense as well as commercial sector are major factors, anticipated to drive the growth of the global electronic cartography market. Increasing safety concerns in the aviation sector, owing to the air traffic and risk of collision of aircrafts is another factor, expected to propel the demand of the electronic cartography and fuel the growth of the global market. Electronic cartography is also used in the marine sector, for proper navigation to avoid any accidents or fatalities along with the growing safety concerns of human and marine life. Electronic cartography provides accurate data with live updates to the end-user, is another factor expected to propel the growth of the target market. Various organizations such as International maritime organization, federal aviation administration, International hydrographic organization conducts training programs for electronic cartography, which also bolster the growth of the global market over the forecast period.

However, the lack of knowledge and skilled personnel required for reading electronic mapping is a major factor which may hamper the demand of the electronic cartography and restrain the growth of the global market.

Increasing availability of specialized training programs globally and creating awareness regarding the advantages of electronic cartography in developing countries can create higher revenue opportunities for players in the target market.

The North America and Europe accounts for a leading market share in terms of revenue and is expected to maintain its dominance over the forecast period, owing to the adoption of advanced technologies such as electronic cartography by the end users in the region. The Asia Pacific is also expected to witness a lucrative growth in terms of revenue over the forecast period, due to growing marine security concerns and increasing demand for new advanced technologies.

Global Electronic Cartography Market Segmentation:

By components:

• Navigation System
  • Electronic Display and Information Systems (ECDIS)
  • Raster Chart Display Systems (RCDS)
  • Electronic Chart Systems (ECS)
• Navigation Charts

By application:

• Defense Sector
• Commercial Sector

Segmentation by region:

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa